Median Oahu condo price rises to record $430,000
May 21, 2018 | 75° | Check Traffic

Top News

Median Oahu condo price rises to record $430,000

  • BRUCE ASATO / 2016

    The Honolulu Board of Realtors said in their monthly report that the number of single-family homes sold in January was up 2.0 percent, while condominiums sales decreased by 1.1 percent from January 2017.

ADVERTISING

The median price for an Oahu condominium rose 13.2 percent to a record $430,000 in January, while single-family home prices climbed 5.8 percent to $772,000.

The Honolulu Board of Realtors said in their monthly report that the number of single-family homes sold in January was up 2.0 percent, while condominiums sales decreased by 1.1 percent from January 2017.

“The first months of a new year are traditionally a slower time for housing sales on Oahu, so it’s encouraging to see a slight increase in January sales for single-family homes,” said Darryl Macha, president of the Honolulu Board of Realtors. “What’s especially notable is the jump in the median sales price, which set a new record for condominiums. It’s a strong indication that the demand for housing is still very high, but limited inventory continues to be a challenge for potential homebuyers.”

Comments (9)
By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. If your comments are inappropriate, you may be banned from posting. Report comments if you believe they do not follow our guidelines.