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.
