Hawaii Real Estate Market Data

 


Oahu Real Estate Market Report

Housing Inventory Sees Boost in April

The inventory of available single-family homes and condominiums on Oahu increased by double digits, according to resales figures released today by the Honolulu Board of REALTORS®. 

During April 2018, the number of single-family houses sold increased by 3.2 percent and condominium sales rose by 12.6 percent from April 2017. The median price paid for single-family houses increased by 10.9 percent to $790,000 from the same time period last year, while condos prices remained relatively flat increasing by 0.1 percent to $416,000.

According to the Days on Market indicator, single-family home sales closed at about the same pace from last year at a median of 17 days, while sales were slower for condominiums, with units on the market for 18 days, up from 15 days. New listings for single-family homes and condominiums increased from April 2017 by 13.2 percent and 11.3 percent, respectively.

“Potential homebuyers should be encouraged by the double digit boost in new listings of single-family homes and condominiums for sale that happened in April,” said the President of the Honolulu Board of REALTORS®. “It appears that sellers are beginning to list properties in anticipation of the traditionally busy summer season. The increase in inventory is promising, however it’s still not enough to keep up with the demand for housing at all price points. With the recent legislation passed at the state level, we hope more of our residents will realize their dream of homeownership.”

Source: Honolulu Board of REALTORS®

To view the full report, click here or visit http://bit.ly/april2018marketreport 

Home Advice from Manage Hawaii, LLC
A common painting mistake is using a water based paint over an oil based paint. The problem is that water based paint does not attach well to oil based paint and will peel off easily. If you have ever walked into a home where paint is peeling off everywhere, it might be because a water based paint was used over an oil based paint.
 
When painting over an oil based paint, an oil based paint should be used; or an oil based primer can be used before using a water based paint. Please be aware that we are not painting professionals and a painting professional should be consulted before starting any painting project.
 
Doug Wong | Manage Hawaii, LLC. |  (808) 393.1001

Flower Arrange Like a Pro

You can arrange flowers like a pro with our easy how-to video guide! Click to here to get started...

De-Cluttering Made Easy

Discover space you didn’t know you had by saying adieu to little-used items throughout your home...

Increase Your Home Value

It may surprise you that some simple DIY changes could actually significantly increase the value of your home...