Find Your Dream Property in Hawaii

Single-family home sales for Q4 2021 priced from $1 to $2 million increased 50.6% compared to Q4 2020, with 491 homes sold in the quarter versus 326 homes…

Year-over-year sales for single-family homes plummeted 46.6%, while condo sales were down 39.3%. The median sales price for a single-family home dipped slightly to $1,049,500, while the median condo sales price rose to $502,500.
In the single-family home market, the $800,000 to $999,999 range saw a whopping 225% increase, with 143 listings available at the end of the year compared to just 44 listings in December 2021. In the condo market, active inventory most significantly increased primarily in the mid to upper price ranges. Year-over-year, active inventory in the $400,000 to $1,999,999 price range rose by 50%.
The percent of original list price received continued to dwindle, with single-family home sellers receiving a median of 96.7% of their asking price in December 2022, falling from 102.1% last year. In the condo market, the median percentage of the original list price received was 98.5% compared to 100.0% in December 2021.

2022 began with a sharp jump in both single-family home and condo sales – combined, Oahu’s housing market saw a 28.6% sales increase compared to January 2021…