Single Family Home Update by David
Homes in Niu and Aina Haina Valleys
We saw the largest increase in the number of sales between Aina Haina to Kuliouou in East Honolulu. That was a contrast compared to last month where we saw a big increase out on the west side in Makaha and Nanakuli. That increase was up 86% in the number of sales compared to last year.
Makiki Homes under a rainbow
For the median sales price, we also saw the largest increase here in town. Makiki-Moiliili was up 21% finishing up at $1,372,500!
Condo Update by Dianne
In October we had 10 condominium local markets where the sales increased. We had 7 markets where the number of sales decreased and there were 3 markets with no change in the number of sales.
Bluestone Condos in Windward Oahu
The windward markets were very strong with the number of sales in Kailua-Waimanalo more than doubled in October of this year compared to last year from 6 sales last year to 13 sales this year. The number of sales in Kaneohe also doubled from 8 sales last year to 16 sales this year.
Condos off Kapahulu Ave near Diamond Head
The median sales price was lower in four of our neighborhoods compared to last year. The largest decrease was in Diamond Head-Kapahulu where there was a 40% drop in the median sales price. That just demonstrates the market's volatility because last month Kapahulu had the largest increase in median sales prices.
Ala Moana and Kakaako Condos
In thirteen of our neighborhoods the median sales price increased compared to October last year. The largest price increase was in Ala Moana-Kakaako where the median sales price was up 94% compared to last year.
Contact a Local Expert
Every home is different. Every neighborhood is different. If you'd like to find out what this means for you, contact us at Harcourts Island Real Estate - 808-777-4880.