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Best Places to Buy or Sell Oahu Real Estate in March

A little over a year ago, the Honolulu Board of Realtors started releasing their monthly stats in 2 parts. The first was the overall market reports and the second was the local market updates. The later wasn’t released until the 2nd half of the month, which is why my articles were hitting so late. I’ve decided to break them out in 2 parts as well going forward. A few weeks back I wrote about the strength of the condo market here in March.

Koko Villas home in Hawaii Kai

Hawaii Kai was hot for buyers in March. This Koko Villas one (MLS# 1206065) is looking good…

Today, we’ll recap the strongest regions on Oahu for Buyers and Sellers. Going on the concept of “buying low and selling high,” I’ll highlight which areas were Hot, whether you were Buying or Selling.

Here’s a recap of March real estate trends on Oahu:

Neighborhoods “Hot” for Sellers

Neighborhoods “Hot” for Buyers

  • Home sales in Hawaii Kai were down 68%
  • Home prices on the North Shore were down 19%
  • Condo sales on the North Shore were down 80%**
  • Condo prices in Kaneohe were down 17%

* In Waialae-Kahala, there was only 1 sale in March of 2012, which really threw off the data.
** There was only 1 condo sale on the North Shore in March, which also threw off the data.

Please consider these are broad overviews for regions on Oahu. To find out what is happening in your neighborhood, contact one of our great Realtors on Oahu to see what is going on in your market, and if now is the time to buy or sell.

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Joshua Nelson

April 25, 2013

David, awesome stats – so useful and informative! I’d like to add that in Kaimuki the market is so hot, the average days on market (DOM) for the last 10 properties in contract was just 15 days!!! That’s half the average of the last 6 months and half again the average of the same period in 2011-2012!!!

Joshua Nelson

April 25, 2013

David, awesome stats – so useful and informative! I’d like to add that in Kaimuki the market is so hot, the average days on market (DOM) for the last 10 properties in contract was just 15 days!!! That’s half the average of the last 6 months and half again the average of the same period in 2011-2012!!!

David Buck

April 26, 2013

Great info. Josh! Kaimuki is definitely one of the local neighborhood “hot spots” for Sellers lately

David Buck

April 26, 2013

Great info. Josh! Kaimuki is definitely one of the local neighborhood “hot spots” for Sellers lately

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