July 2019 - Single family home sales increased by 12.7% and condominium sales ticked up by 2.2% from the same month last year. Median prices also increased moderately, setting new records. The median price for single family homes increased by 5.8% to $835,000, passing the previous record set in September 2018 at $812,500. The condominium median price also set a new record at $461,500, an increase of 7.5% from July 2018 and topping the $435,000 high of March 2018. While new listings in July 2019 were up modestly for both single family homes and condominiums by 0.2% and 4.9%, respectively, overall active listings showed gains of 17.3% for single family homes and 16.9% for condominiums. According to the Days on Market indicator, the median days for single family homes was 17 and 26 for condominiums.
“This level of year-over-year sales increases was last seen in 2017,” said Jenny L. Brady, President of the Honolulu Board of REALTORS®. “The rise in sales numbers demonstrates robust contract signings over the last few months as buyers actively worked with their REALTORS® to close on offers. Lower mortgage interest rates may have enabled buyers to consider a slightly wider price range. A large portion of the year-over-year increases occurred at above-median price points. This July, there were 80 single family homes that sold in the $900,000 to $1,199,999 price range, compared to 51 last year. For condominiums and townhouses in the $500,000 to $699,999 price range there were 149 sold this July compared to 106 last year.”
Mike Bates is a Realtor Associate with CENTURY 21 iProperties Hawaii in Honolulu, Hawaii. Are you looking for a realtor that knows Hawaii? Mike's lived on Oahu for over 30 years. He's also lived on Maui, the Big Island and Molokai. Mike's primary market is Oahu properties.
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MLS is an abbreviation for "Multiple Listing Service." These are the services that provide listing information to realtors and their customers throughout the country. Each region has its own MLS system. In Hawaii, the largest MLS system is operated by the Honolulu Board of Realtors. Listings are primarily for the island of Oahu. The Oahu MLS also has listings for Maui, Kauai and the Big Island. As a member of the Honolulu Board of Realtors, Mike Bates is able to present the listings on this website for public access.
Participation in a multiple listing service (MLS) maybe voluntary or mandatory. In Hawaii, sellers may choose to list with the realtor of their choice and participate in the MLS (voluntary). If seller chooses not to participate, his or her listings will not appear on the internet.
Mandatory participation is required in some regions; that is, when a seller chooses to hire a realtor to sell his or her home, it will automatically be included in the MLS.
The National Association of Real Estate Exchanges was founded on May 12, 1908. Its purpose was to unite realtors of America for their combined influence upon matters affecting real estate. In 1916 the organization's name was changed to the National Association of Real Estate Boards and the term "realtor" was invented to identify real estate professionals. In 1972 the organization was renamed to the National Association of Realtors and that name has stuck for nearly 50 years.
Based on information from the Multiple Listing Service of the Honolulu Board of REALTORS®. active listings last updated on August 18th, 2018 at 7:10pm HST. Information is deemed reliable but not guaranteed. Copyright: 2018 by the Honolulu Board of REALTORS®.
Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.
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