Hawaii Real Estate Market Update | April-May, 2019

Market Trends

may2019TG-Stats Statewide-Stats-4.20191

Hawaii Real Estate Market Update -
April through May, 2019

Text: CENTURY 21 Hawaiian Style / Data Source: Title Guaranty, Hawaii 

 

The new statistics are in! For Single-family homes on the island of O'ahu, sales are up by 5.1% since April. Condominiums on the island of O'ahu also saw an increase, bringing the average up to 5.1% from the 11.1% decrease previously reported in April. 

Sales prices for Single-family homes on the island of O'ahu also saw a slight uptick, with the average home selling for $770,000, up from the median selling price of $766,750 in April. Condominium sales on the island of O'ahu saw an unexpected downturn, bringing the average down 2.9% from April's reported median selling price of $418,000. The current median selling price as of May 2019 is approximately $417,500. 

 

 

Patrick & Takako

Are you interested in buying a property or selling an existing one?
Would you like more information on the Real Estate Market in Hawaii?
Contact us today and let us put our 30+ years of experience working in the Hawaii real estate market to work for you! 

 

Patrick (R, GRI) & Takako McMillen (R) 
(808) 383-6551