• Oahu Realty Pro
  • Search
    • By Map
    • By Address
    • By Criteria
  • Buyers
  • Sellers
    • We Help U Save
    • Home Evaluation – CMA
  • Communities
    • Aiea
    • Ewa Beach
    • Hawaii Kai
    • Honolulu
    • Makakilo
    • Mililani/Mililani Mauka
    • Wahiawa
    • Waikele
    • Waipio Gentry
  • Flat Fee Listing
  • Property Management
  • CONTACT

    • About
    • Testimonials

Homes In Oahu Hawaii

You are here: Home / Archives for condo prices

Single-family Drop in Price on Oahu

March 10, 2015 by Maureen Fukumoto Leave a Comment

Single-Family and Condo Median Drop in Price on OahuSingle-family Drop in Price on Oahu

According to a recent article by the Honolulu Board Of Realtors this last week shows that the median price of a single-family home on Oahu has dropped since February compared to just a year ago. There’s been an increase in the number of sales but those figures also show that the median price of condominiums as well as single-family homes have drop substantially in February. The medium home prices currently $648,000 compared to $679,000 in February 2014. This equates to a nearly 5% drop. There have been more homes sold February 2015 then February 2014 with the increase of 6% this year. Condominiums dropped a little over 9% from $359,000-$326,000. There’s been a drop of 2% of condominiums purchased last year than this year which is not a significant number.

The Board of Realtors also stated that single-family homes were on the market for an average of 25 days and condos about 29 days. February is usually one of the slowest months of the year so this isn’t surprising that numbers are a little skewed from the more popular months out of the year.

So what is all this mean? Home buyers should be encouraged that if they’ve been on the fence about buying, now would be a great time. Because there is an increase in inventory with a lower median price, homebuyers should be able to get a better deal with a choice of more options.

What is this mean for sellers? Well, there is quite a bit of inventory out there so if you plan on selling but couldn’t wait another month, it might actually getting you more profit. You might consider holding off Intel April or May when school starts to wrap up and more homebuyers are considering buying or selling. Yes, there will be more inventory out there but you might be able to get a better price for your condominium or house.

If you’re interested in purchasing a home or condominium anywhere on the island, please give me a call. I want to stay up-to-date with the current market trends, local inventory, and provide you with the best possible real estate service out there. Give our agents or our office a call today.

Filed Under: Market Reports, Oahu Home Buyer Tips, Oahu Home Seller Tips, Real Estate News, The Latest on All Things Hawaii Real Estate Tagged With: condo prices, market, Oahu Real Estate, single family homes

Mortgage Calculator

$
  %
  yrs
  %
$

Post Categories

  • Hawaii Lifestyle & Events (61)
  • Market Reports (13)
  • Oahu Featured Properties (18)
  • Oahu Home Buyer Tips (30)
  • Oahu Home Seller Tips (11)
  • Oahu Lifestyle & Events (28)
  • Property Management (2)
  • Real Estate News (11)
  • Slider Featured Articles (3)
  • SOLD (1)
  • The Latest on All Things Hawaii Real Estate (74)

Recent Posts

  • Honolulu Named Best City to Live in the US
  • 5 Bedroom Home on Lewanuu St in Mililani
  • April Events in Mililani Town 2017
  • Mililani’s Got Talent 2017
  • Bollywood Film Festival in Honolulu
  • Honolulu is the Least Stressed City
  • Duke’s Oceanfest in Waikiki 2016
  • Chateau Waikiki Condos for Sale
  • Hawaii Realty Pro Made the Top 100 Best Realtors
  • The Most Expensive Property on Oahu

Mortgage Calculator

$
  %
  yrs
  %
$

About Hawaii Realty Pro

Hawaii Real Estate SpecialistsOahu real estate agent Maureen Fukumoto

Maureen and her team assists sellers and buyers in coming together over the right home and right price. With up to date listings, current market conditions and local information we are your full service source for all Oahu real estate.

For decades I have been assisting home owners sell their property quickly at economically. With licensed agents and brokers we can provide the same top quality service you would get from a fully commissioned Realtor or agent. We provide access to all the marketing and advertising tools needed to list and sell your Oahu Property.

  • Oahu Realty Pro
  • Search
  • Buyers
  • Sellers
  • Communities
  • Flat Fee Listing
  • Property Management
  • CONTACT

Copyright © 2023 · AgentPress Pro Theme on Genesis Framework · WordPress · Log in