The median sales price for a condo on Oahu just set a new record high of $435,000.
March, 2018 Sales Stats on Oahu
Condo Sales Stats
Diamond Head Ambassador unit (MLS # 201800745) listed for March median of $435k
The previous record on Oahu was $430,000 in January. It's become apparent that the bar is being raised for entry level pricing into the marketplace. On top of that, we've seen an uptick in luxury condo closings in neighborhoods like Ala Moana and Kakaako, The median days on market was just 16 days, which further fueled the Seller's Market.
Single Family Home Stats
This Hoakalei Home (MLS # 201801786) is listed for the March median price of $760k
The median sales price for a single family home was up just 1.1% from last year and didn't quite hit a new record like the condo prices (record price was $795,000 in June of last year). However, that is not to say it wasn't a Seller's Market for homeowners. Homes were selling fast with just 14 days on market!