Best in Real Estate Hawai‘i 2019 Fast Facts

Best Real Estate 2019

 

  • The sales of luxury single-family homes and condos increased by 25 percent in January 2019 compared to the same month in 2018.
     

  • The median sale price of a single-family home went from $755,000 in 2017 to $790,000 in 2018. The median for condominiums went from $405,000 to $420,000.
     

  • In 2018, the average sale price of a single-family home was more than 300 percent more than the average in 1985 in Honolulu.
     

  • According to the Honolulu Board of Realtors, condo sales fell in August 2018 as the median prices of condos in Kaka‘ako rose by 50 percent.
     

  • In January 2019, properties sold in 27 median days.
     

  • In February 2019, the average resale price for a single-family home was 2.1 percent more than it was the previous year, even though the number of sales all together declined 4.1 percent.