Agao Team - Realtor Associate

March 2021 🏡🏠🏘🏢

HBR's latest stats report shows that the O‘ahu housing market continued to see sales and prices climb in March.

🏡 Single-family home sales increased 19.1% and set another record median sales price of $950,000, a 17.3% year-over-year increase and a 3.5% jump above last month’s record.

🏢 Condo sales jumped 52.7% over the same period last year, and the median condo price climbed to $451,000.

New listings for single-family homes and condos added much-needed inventory to O‘ahu’s housing supply. Single-family homes marked a 12.6% jump with 439 new listings while the condo market added 715 new listings, a 17.2% increase compared to this time last year.

Despite new listings, demand continues to outpace our limited housing inventory. This lack of inventory is driving a very active and competitive market for prospective homebuyers on O‘ahu.

For more info on real estate and to see what’s on the market, visit hicentral.com.

Our monthly market report revealed single-family home sales on Oahu were up 19.3% and sold in 40% less time at a median of 18 days on market this December compared to last year. In 2019, we saw a steady and stable market with more active listings, slightly more days on market and median prices remaining relatively flat compared to 2018. These conditions, paired with low interest rates and favorable economic conditions continuing to drive healthy market activity, create an advantageous environment where buyers have purchasing power and sellers have more potential buyers for their properties. For more info on real estate and to see what’s on the market, visit hicentral.com.

Affordable Rental Units

Midrise affordable rentals opening in Kakaako For rent: New apartments in Kakaako for less than $1,000 a month with partial ocean views and a short walk from Ala Moana Center, the beach and a planned rail station.