Aloha! This is David Buck with Harcourts Island Real Estate and today we're going to cover the local market update for homes and condos on Oahu for June of 2024.
Local Market Update for Homes
First off, Moanalua-Salt Lake saw the largest increase in home sales, which were up 100%, going from 2 in June of 2023 to 4 sales this past month.
Next up, Waialae-Kahala saw the largest increase in median sales price, going from $2,205,000 to $3,425,000, which was a 55% increase year over year. So, once again, Waialae - Kahala saw the largest increase in median sales price year over year for single family homes on Oahu.
Local Market Update for Condos
The Windward Coast saw the largest increase in condo sales, which was up 100% or basically doubling from 1 to 2 sales. It was 1 of only 5 neighborhoods that saw an increase in sales. Now, keep in mind of the 21 major neighborhoods that the Honolulu Board of Realtors reports on, only 5 of those neighborhoods saw an increase in condo sales. As we reported on earlier this month, there was a 24% decrease in condo sales on Oahu. Hence, there were only 5 neighborhoods that were up.
Well, Deja Vu - we're still on the Windward Coast In addition, the Windward Coast saw the largest gain in median condo price, going from $100,000 to $295,000, which was a 195% increase.
As we talk about every month, every neighborhood is different for homes and condos. So, if you have something specific to you, feel free to reach out and give us a shout @ 808-371-3509. Mahalo!