This page contains reports, statistics and other information regarding the buying and selling of real estate in Honolulu and Hawaii. View the statistical reports with average pricing, number of units sold and absorption rates.
Honolulu condo prices gained 8.8% this month with year to date prices up 9%. The median price for single family homes increased 1.1% this month and 2% year to date. Inventory decreased resulting in the very tight 2.1 & 2.6 months of remaining inventory for homes and condos respectively.
The selling time for properties on Oahu remains historically low at 14 days for homes and 16 days for condos.
The Honolulu property market posted a new all-time median price high for condos at $430,000, up 13.2% from last year. The median price for homes was up 5.7% to $772,000. The number of closed sales were down 1.1% for condos and up 2% for homes. Listing inventory increased 11.6% for condos and decreased 3.1% for homes.
This report shows the Hawaii tax rates for residential, residential A commercial and other property categories. Click Here For Full Report.
Honolulu real estate prices continue to rise with small but steady growth. Prices increased 2.8% and 3.9% year to date for homes and condos respectively. Median home prices hit $712,000 with average prices at $871,000. Condo median prices were $415,500 with average prices at $463,000. Months of remaining inventory remain historically low at 2.5 for homes and 2.7 for condos.
The newest high-end condo developed by Howard Hughes in Kakaako is complete and the new owners have moved in. Prices for the 171 condo units originally started from $1,300,000. Several re-sales are now available starting at
$1,990,000 for a 1 bedroom 2 bath of 1,138 square feet. The 5 bedroom / 6 bath Grand Penthouse is available for only $36 Million! For a private showing, contact Patrick W ONeill R PB at Luxury Homes International.
Median condo prices in Waikiki have continued the moderate increases posting 3% gains to $385,000 according to the Honolulu Board of Realtors latest market report. Inventory dropped slightly to 417 condos for sale, down 3% compared to last year. The average days on market dropped to 37 days. The number of sales increased 13% to 260 year to date. Patrick W ONeill R PB Luxury Homes International.
The Honolulu housing market remains strong with average home prices up 4.2% to $936,331 and condos up slightly to $465,399. Months of remaining inventory (supply versus demand) sits at 2.7 for both homes and condos indicating continued low supply and high demand in the market. Click Here for Full Report
The latest real estate data from the Honolulu Board of Realtors reports single family median prices up 7.9% to $755,000 and condos up 1.7% to $385,000. Months of remaining inventory (supply versus demand) hit all time lows of 2.3 and 2.4 months for homes and condos respectively. Contact us for a copy of the full report.
The number of sold condos in Honolulu jumped 11.8% this past month! Single family sales increased 6.5%.
Median prices remained flat with average prices up 8.4% and 7.1% for condo and homes respectively.
January 2017 statistics from the Honolulu Board of Realtors show single family home average prices in Honolulu were up 7.1% for the year and condos up 8.4%. The number of closed sales was up 11.5 and 6.5% for condos and homes respectively.
To view the full report Click Here
The Hawaii International Real Estate Council hosted the first general membership meeting this week at the Pacific Club in Honolulu, Hawaii. The featured speaker was immigration attorney David Garfield of the Garfield Law Offices in Washington DC and Honolulu. The event was sponsored by Howard Hughes Corp, DR Horton Schuller Homes, Honolulu Home Loans and Old Republic Title & Escrow. Special lunchtime speaker was Feng Shui Grand Master Clarence Lau.
David Garfield outlined the popular immigration visas used by high net worth individuals gaining access to US Markets with special focus on E-1, E-2, L-1A, EB-2 and F-1. These visas are easier to obtain for qualified applicants and do not entail the risk of the EB-5 offerings. To see the entire presentation, Click Here.
The year end statistics from the Honolulu Board of Realtors show single family home prices in Honolulu were up 5% for the year and condos up 8.3%. The number of closed sales was up 8.4 and 6.5% for condos and homes respectively.
To view the full report Click Here
According to a recent Pacific Business News article, several Hong Kong and China based firms have invested Billions into the Hawaii Market. China Oceanwide Holdings LTD has joined Qinghua International Holdings and Reignwood International along with several other firms investing in numerous development projects through Oahu and the state.
To view the full article Click Here
Honolulu condos and homes continue to increase in price with single family homes up 5.2% and condos up 8.7% year to date according to the latest property report from the Honolulu Board of Realtors. The number of sales was up 4.8% and 9% for homes and condos respectively.
To view the full report Click Here
The Honolulu property market continues to heat up with an under-supply of inventory leading to increased pricing and record fast selling time. Currently the median time to sell a condo is just 15 days and only 16 days for a home! Median price is up 12.4% and 6.9% for condos and homes respectively.
Thank you to those that attended the breakfast presentation at the new Park Lane condo at Ala Moana. Quick point updates for the project: 1. Of the 217 total units, 80% are sold; 2. The lowest priced unit currently available is a 2 bedroom at $2.1 Million; 3. The highest priced unit sold so far was a penthouse at $21.5 Million; the first deliveries will begin in the Spring of 2017. For more information contact Luxury Homes International (808) 797 4433.
The Hawaii international Real estate Council hosted attorney Mike Garcia of Ashford and Wriston Law firm to discuss the newest IRS reporting requirement for foreign assets. The event was sponsored by Honolulu Home Loans and DR Horton Schuller Homes. The moderator was Patrick W ONeill of Luxury Homes International. Some of the basic points:
Who must report: US Citizens, US Green Card Holders, US Residents (Anyone spending over 180 days in the US)
The Honolulu property market posted a nearly 6.4% increase in the number of homes sold so far this year compared to 2015. The number of condo sold during year to date is up 8.9% to 3,140 YTD. The median sale price of home this month is $730,000 a year to date increasing of 5.8%. Condominiums are up 7.2% to $400,000.
The Honolulu property market posted a nearly 9.8% increase in the number of homes sold so far this year compared to 2015. The number of condo sold during year to date is up 11% to 2,090 YTD. The median sale price of home this month is $720,000 a year to date increasing of 5.4%. Condominiums are up 4.1% to $373,000.
The Honolulu property market posted a nearly 12% increase in the number of homes sold so far this year compared to 2015. The number of condo sold during year to date is up 12.6% to 1,613 YTD. The median sale price of home this month is $720,000 a year to date increasing of 6.7%. Condominiums are up 4.1% to $389,500.
At the recent event hosted by the Hawaii International Real Estate Council, attorney Shimpei Oki and Accountant CPA Testsuko Ho explored the issues facing Japanese buyers and sellers of real estate in Hawaii. The event held at Waialae Country Club covered taxation, estate planning, immigration and other property related topics. To view the presentations, click on the links below. Thank you to sponsors Howard Hughes Development, Fidelity National Title & Escrow, Honolulu Home Loans. Thank you to attorney Shimpei Oki of Goodsill Anderson Quinn & Stifel and Testuko Ho CPA.
The Honolulu real estate market continued to post steady growth during the past 12 months with median prices increasing to $725,000 and $385,000 for single family homes and condominiums respectively. Average prices hit high points of $898,500 for single family and $457,000 for condos.