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Home Buyers on Oahu Not Spooked by Prices in October

Although last month we celebrated Halloween, Buyers on Oahu did not appear to be spooked by the current prices. We were in somewhat of an equilibrium from the same month last year. The median sales price of a single family home was up 2.4% to $640,000, and sales volume was also up slightly by 2.8% with 280 closings last month.

Kaaawa home listed for $649,000

This Kaaawa home (MLS# 201333516) is listed just under October’s median, and went quick

Oahu Condo Statistics

On the condo front, prices remained unchanged from a year ago with a median sales price of $325,000. Sales volume was off slightly from a year ago with 419 sales and down 1.4%.

I’m not sure if this is a sign of slowing in our condo market that has been robust the last few months? Considering things haven’t changed much compared to the same month last year, I think it’s a good sign of a healthy market for both Buyers and Sellers.

Waikiki condo for $325,000

This Waikiki condo (MLS# 201333989) can be yours for October’s median price of $325,000

As always, all real estate is local. Here are the neighborhoods on Oahu that were hot for Sellers and Buyers in October:

Neighborhoods “Hot” for Sellers

Neighborhoods “Hot” for Buyers

  • Home sales in Aina HainaKuliouou were down 64%
  • Home prices in Aina Haina-Kuliouou were down 20%
  • Condo sales in WaialaeKahala were down 86%
  • Condo prices in Ala Moana-Kakaako were down 26%

What’s Happening in Your Neighborhood?

Please consider these are broad overviews for regions on Oahu. To find out what is happening in your neighborhood, I’m here to help.

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