Oahu Condominium Median Price Soars to Record High in July
New listings increase for both single-family homes and condos
HONOLULU – (August 2, 2017) – Locations – Hawaii’s leading real estate firm – published its Oahu Residential
Real Estate Report for July 2017. The report, which analyzes sales activity for more than 350 Oahu neighborhoods,
concludes that the Oahu real estate market is continuing to show strong and steady growth, with increasing sales
figures, rising prices and a competitive buyer’s market in July with Days on the Market remaining at near-record lows.
Oahu Real Estate Prices Hit Record Highs in June 2017
Single family home prices reached $795,000, while days on market hit a record low
of 14 days for both single family homes and condos.
HONOLULU – (July 5, 2017) – Locations – Hawaii’s leading real estate firm – published its Oahu Residential Real
Estate Report for June 2017. The report, which analyzes sales activity for more than 350 Oahu neighborhoods,
concludes that the Oahu real estate market is continuing its strong and steady growth as new record prices were
reached for single family homes in June at $795,000, with increasing sales figures and the lowest days on market.
Locations presents the following highlights of the Oahu real estate market:
• Single family home median price hits all time high at $795,000. The previous record of $760,000 was
last reached in June 2016 and February 2017.
• Days on market hit a record low of 14 days for both single family homes and condos.
• Condo bid-ups at highest level ever in June, with 27.1% of condos being sold for over asking price.
• Condo active listings are increasing, and have risen above last year’s count for the first time in almost 3
“The Oahu real estate market continues to reach new highs as demand simply exceeds the available inventory,”
says Scott Higashi, President and CEO of Locations. “Historically, summer months are when we see the most
activity, so we anticipate the competitive market to continue to drive prices up and consume inventory at or near
record pace over the coming months especially as interest rates remain below 4%.