June 2018 Housing Market in Oahu Remains Steady

The Honolulu Board of Realtors statistics for residential sales shows steady activity for the beginning of the summer season. The median sales price of single-family homes is down just 1.6% to $782,388 with an average of 16 days on market. The median sales price for condos has increased by 5% to $420,000 and an average of 18 days on market. 

The summer months typically show increases in activity and this June's results are not far off from the record setting statistics of 2017.  

Single-Family Home Sales by price range

Condo Sales by price range

Median Price Increases in April 2018 Residential Real Estate Statistics

The Honolulu Board of Realtors released the residential resale statistics for April 2018. Single-Family Homes and Condo sales show increases in median prices and closed sales.

The median price for single-family homes is up 10.9% to $790,000 and condos is up 0.1% to $416,000. The number of transactions closed in April was 289 and 547, respectively. 

A list of recent MLS activity at the median prices +/- $1,000 can be viewed at the following links: 

Single-Family Homes $790,000 +/- $1,000: https://matrix.hicentralmls.com/Matrix/Public/Portal.aspx?k=334511XKKRC&p=DE-15147822-159

Condo/Town House $416,000 +/- $1,000: https://matrix.hicentralmls.com/Matrix/Public/Portal.aspx?k=334511XKKRC&p=DE-15147839-599

January 2018 Oahu Real Estate Statistics

The Honolulu Board of Realtors released the MLS real estate statistics for January 2018. 

The median price of a single-family home was $772,000, up 5.8% from the prior year. Condominium and townhouse median price was $430,000, up 13.2% -- a new record high median price.

For an idea of what is currently active, in escrow and has sold around the median price of a single-family home in January 2018, click here: http://matrix.hicentralmls.com/DE.asp?ID=2337793465

For condominium activity, click here: http://matrix.hicentralmls.com/DE.asp?ID=2337794552

December 2017 Real Estate Statistics

The Honolulu Board of Realtors released the MLS real estate statistics for December 2017. 

The median price of a single-family home was $750,000, up 2.75% from the prior year. Condominium and townhouse median price was $405,000, up 3.8%.

For an idea of what is currently active, in escrow and has sold around the median price of a single-family home in December 2017, click here: http://matrix.hicentralmls.com/Matrix/Public/Portal.aspx?ID=2303469517#1

For condominium activity, click here: http://matrix.hicentralmls.com/Matrix/Public/Portal.aspx?ID=2303470251#1

November 2017 Honolulu Real Estate Statistics

November 2017 statistics show higher than traditional activity at the beginning of the holiday season. The median price for single-family homes is up to $773,500 and there were 332 sales, a 12.9% increase over November 2017. The median price for condo/townhouses is up to $405,000 with 501 sales, a 19% increase in activity.

August 2017 Real Estate Statistics - Median Sales Prices Up

The Honolulu Board of Realtors released the residential resale statistics for August 2017. 

Single Family Homes median price is $786,250, a 5.2% increase over last August. Condos median price reaches $419,000, a 5.3% increase. The median days on market remains the same at 16 days for SFH and a slight increase to 18 days for Condos. 

There were 362 SFH sales in August, up 5.2% from last year and 575 Condo sales, near a high of 580 not seen since 2006 and also an increase of 19.5%. The months of remaining inventory is 2.5 months for SFH and 2.8 months for Condos. 

The market continues to show signs of tight inventory and increasing demand for homes, especially those in the more affordable condo/townhouse category. 

Message me for more real estate information.

July 2017 Real Estate Statistics - Condo Median Price Reaches $425,000

The Honolulu Board of Realtors released the residential resale statistics for July 2017. 

Single Family Homes median price is $750,000, a 0.5% increase over last July. Condos median price reaches $425,000, a 6.3% increase and a new record high. The median days on market is up 25% to 20 days for SFH and down 22.2% to 14 days for Condos. 

There were 335 SFH sales in June, up 4% from last year and 475 Condo sales is an increase of 7%. The months of remaining inventory is 2.5 months for SFH and 2.7 months for Condos. 

The market continues to show signs of tight inventory and increasing demand for homes. The new record median price for condominiums/townhouses is expected as buyers shift their their housing requirements to fit with their budgets. Pending sales are up 34.3% for single family homes and up 25.4% for condos. 

Message me for more real estate information.

June 2017 Real Estate Statistics

The Honolulu Board of Realtors released the residential resale statistics for June 2017. 

Single Family Homes median price is $795,000, a 4.6% increase over last June. Condos median price is $400,000, a 1.4% decrease. The median days on market is down 14.3% to 12 days for SFH and down 35% to 13 days for Condos. 

There were 370 SFH sales in June, up 14.2% from last year and 536 Condo sales is a decrease of 2.2%. The months of remaining inventory is 2.7 months for SFH and 2.8 months for Condos. 

The market continues to show signs of tight inventory and increasing demand for homes even with the increase in market prices. Pending sales are up 38.7% for single family homes and up 15.% for condos. Message me for more real estate information.

May 2017 Honolulu Real Estate Statistics

May 2017 Honolulu Real Estate Statistics

The Honolulu Board of Realtors released the residential resale statistics for May 2017. The figures show a strong start to the beginning of the Summer season, the usual the annual peak of the local housing market.

Single Family Homes median price is $745,000, a 3.6% increase over last May. Condos median price is $406,500, a 9% increase. The median days on market for both are 14, down 17.6% for SFH and down 6.7% for Condos. 

There were 362 SFH sales in May, up 13.5% from last year and 540 Condo sales is an increase of 13.2%. The months of remaining inventory is 2.7 months for SFH and 2.8 months for Condos.

The market continues to show signs of tight inventory and increasing demand for homes. Message me for more real estate information. 

Facebook Messenger:
@RickNakamaR

1684 Ala Moana Blvd #851 - MLS 201708760

Ala Wai Terrace

Listed by Rick Nakama Realty LLC (RB-21724)
Inquire on Messenger: @RickNakamaR

Sold July 7, 2017 $485,000

1684 Ala Moana Blvd #851, Honolulu, Hawaii 96815

TMK: 1-2-6-011-022-0023

MLS: 201708760 (Printable PDF Link)

Offered at: $479,000 Fee Simple
Maintenance Fee: $762/month covers basic cable tv, electricity, central air conditioning, sewer, cold water, hot water and common areas.

2 Bedrooms - 1 with Walk-In Closet

1 Bathroom with Full-Tub

Gated and EXTRA Long Parking Stall: #27 (can fit 2 cars)

2016 Tax Assessed Value $419,400 (Improvements $327,300, Land $92,100)

Property Tax: $122/month with 0 Exemption

This 8th floor, corner unit offers a 743 sq ft interior and a 129 sq ft lanai with views of the ocean, sunset and Ala Wai Boat Harbor. The partial renovation adds the unique features of French Door entry to the ocean side bedroom and Energy Star apartment size washer and dryer to this unit (Grandfathered in). Community laundry is also available in the building. Recent improvements to Ala Wai Terrace include lanai railings, exterior spalling and paint, elevator update, security gate for parking and security cameras. The extra long parking stall can accommodate 2 cars. Seller will pay off current special assessments.

The upper floors of the '51 stack in Ala Wai Terrace features ocean views
between the Hawaii Prince Hotel towers. 

439 Keoniana Street #1205 - MLS 201708569

Oahu Surf 2

Listed by Rick Nakama Realty LLC (RB-21724)
Inquire on Messenger: @RickNakamaR

439 Keoniana Street #1205, Honolulu, Hawaii 96815

TMK: 1-2-6-015-030-0055

MLS: 201708569

Offered at: $519,888 Fee Simple
Maintenance Fee: $739/month covers electricity, sewer, cold water, hot water and common areas.

2 Bedrooms - 1 with Exterior Entry Door

2 Bathrooms - Updated cabinets and granite counter tops

Secured and Covered Parking Stall: #12B

2017 Tax Assessed Value $439,100 (Improvements $364,900, Land $74,200)

Property Tax: $120/month with 0 Exemption (2016)

Rarely available corner 2 bedroom, 2 bath unit, custom renovated kitchen with ocean view, granite counter tops & washer & dryer in unit in the well maintained Oahu Surf 2. The 2nd bedroom with full bathroom also has its own exterior entry door. A spacious 316 sq ft wrap around lanai with views from all angles. Have friends over for Friday night pau hana drinks and watch the Hilton Hawaiian Village fireworks display before heading out to explore all that Waikiki has to offer! Fabulous dining, shopping and sights to take in from less than a block away and continue on as you head into the heart of Waikiki or the opposite direction, Ala Moana Center! Head up to the rooftop and take a dip in the pool! Feel like exercising? Check out the paths along the Ala Wai Canal or Fort DeRussy Park. Tired of paying for parking when exploring in Waikiki? Leave the car at home in its covered, secured garage!

Hilton Hawaiian Village Friday Fireworks #RealtyRickSees #Waikiki #ワイキキ #ホノルル

A post shared by Rick Nakama (@ricknakama) on May 12, 2017 at 10:59pm PDT

April 2017 Honolulu Real Estate Statistics

The Honolulu Board of REALTORS released the statistics for April 2017.

During April 2017, the number of single-family houses sold decreased by 7 percent and condominium
sales rose by 5.7 percent from April 2016. The median price paid for single-family houses decreased by 1 percent to $712,500 from the same time period last year, while condos increased by 6.7 percent to $415,500. Days on Market for condominium sales closed at a faster pace compared to a year ago with condominiums on the market for 15 days, down from 19 days, while sales were slower for single-family houses with houses on the market for 18 days, up from 15.

Single-Family Houses Past 180 Days of sales priced between $710,000 and $715,000. April 2017's  median price is $712,500. [Link]

Condo/Townhouses Past 180 Days of sales priced between $412,000 and $417,000. April 2017's  median price is $415,500. [Link]

Please let me know which graphs or data you would like to see in detail.

Facebook Messenger:
@RickNakamaR

March 2017 Local Market Update

The Honolulu Board of Realtors released the Local Market Update Report for March 2017. 

I have been living in the Newtown neighborhood in Aiea for about a year and a half now and have been watching the activity increase. 

Link to full report: drive.google.com/...

The report breaks down data into neighborhood regions. Newtown falls under the Pearl City and Aiea data. March shows the Median Price of Single-Family Homes is up to $751,250 and Condominiums up to $379,000. 

I ran the activity for Newtown in the past 180 days and here is the link to that: 
http://matrix.hicentralmls.com/Matrix/Public/Portal.aspx?ID=1930062725. 

March 2017 Honolulu Board of Realtors Statistics

The Honolulu Board of Realtors market statistics have been published and Single-Family Homes Median Price is at $752,000 while Condominiums is at $400,000. The median days on market is just a little more than 2 weeks for both categories. 

Send me a request for graphs or data for your specific needs. 

Palolo Small Lot Opportunity

A 2,550 square foot lot, zoned R-5, in Palolo with a small "tear down" condition house has just listed by Inspired Realty LLC. Its list price is $450,000. 

I wonder what redesigns of this lot can look like? Is 2nd level living area a possibility with parking under the living area? Could it be designed with driveways on 2 sides of the lot? If someone was looking for small footprint, efficient living, does this have the potential? 

I'm just curious because I grew up a few streets down from this area and I loved living there. It would be nice to get back into my childhood neighborhood. A nearby neighboring property of the same land square footage with a house in poor condition sold in October 2016 for $445,000 cash. 

1768A Palolo Ave, Honolulu, Hawaii 96816
MLS 201707542
Listed by: Inspired Realty LLC

February 2017 Honolulu Real Estate Statistics - Inventory Down and Median Prices Increase

February 2017's real estate statistics from the Honolulu Board of Realtors shows the Median Price reaching "near record highs". The Median Price for Single Family Homes is up to $755,000, a 7.9% increase from last year. Condos reached $385,000, a 1.7% increase. 


The increase is likely due to the lack of inventory. Single Family Homes have 2.3 months of remaining inventory, an 8.7% decrease. Condos have 2.4 months of remaining inventory, a 17.2% decrease. 

The Days on Market of a Single Family Home is down 8.7% to 21. Condos are down 4.3% to 22. 


Contact me for more detailed real estate data or general information.

January 2017 Honolulu Real Estate Statistics

The Honolulu Board of Realtors released the residential real estate statistics for January 2017. 

The Median Price for Single-Family Homes dropped 0.5% to $730,000 with an increase in volume to 247 units. The median days on market is up 5.0% to 21 days from 20 days last January.

The Median Price for Condos increased by 1.5% to $380,000 with an increase in volume to 378 units. The median days on market is up 30% to 26 days from 20 days last January.

The months of remaining inventory for both Single-Family Homes and Condos is at 2.4 months. That reflects a 7.7% decrease for Single-Family Homes and a 17.2% decrease for Condos. 

Additional charts and market reports are available.

December 2016 Residential Real Estate Statistics - Median Prices Up & Median Days on Market Down

The residential real estate statistics report from the Honolulu Board of Realtors has been released.

December 2016's  Median Sales Price for a Single-Family Home is up to $730,000, a 4.3% increase over 2015. The Median Days on Market is down to 18, a 10% decrease.

The Median Sales Price for a Condo/Townhouse is up to $390,000, a 1% increase. The Median Days on Market is down to 18, a 25% decrease.

Real Estate Statistics Quiz for Oahu, Hawaii's Market

Test your knowledge of Oahu, Hawaii's real estate statistics.

November 2016 Residential Resale Statistics Released by the Honolulu Board of Realtors

The Honolulu Board of Realtors released the residential resale statistics for November 2016.
Median sales price for Single Family Homes is up 4.8% to $750,000 and Condos is up 13.7% to $395,000. There is 2.7 months of remaining inventory for both categories. The median days on market for SFH was 17 days down 19% and for Condos 15 days down 31.8%.

If you would like more specific statistics relative to your interests, please ask me.