This past month, we just hit a new record of $810,000, which is $15,000 higher than the previous record of $795,000 set in June of last year.
August, 2018 Market Snapshot on Oahu
Home and Condo Stats
In addition to the record breaking median single family home price, condos finished up 1.9% year over year to finish with a median price of $427,000. There were 354 home sales and 521 sales on the condo front. However, what was a little bit alarming was the number of sales have dropped 9.4% for condominiums.
Still a Seller's Market
It continues to be a Seller's Market with the median days on market just 15 days for single family homes and 18 days for condos.
On the auction front, we're really excited we launched a non-distressed auction in Waikiki. We got our seller a great price and we're under contract looking to close early next month. It's right down the road from our office on Ala Wai Boulevard.
Pacific Palisades, Pacifica Honolulu and Molokai Sales
What was also exciting about August is we had some agents with some nice closings. Steve Fierros in our office closed on a home in Pacific Palisades as well as representing a Seller at Pacifica Honolulu in Kakaako. Matt Dubrule and I represented some Sellers on the friendly isle of Molokai and got them a great price for 2 acres of ag land.
New Agents on Our Team
Steve, Dianne, Autumn and Lorraine
Rounding out August, we're really excited to announce that we have several new agents that have joined our team. We've got Steven Cohen and Dianne Willoughby that have joined us from Sothebys. In addition to that we have Autumn Spence, an agent on ground in West Maui. We also have Lorraine Coleman over on Molokai. We're happy with our growth here on Oahu and look forward to what the future holds for Harcourts here.