Home prices on Oahu decline in May as inventory rises, Honolulu Board of Realtors says – Pacific Business News

Cool. Add your comment. Usually when the amount of homes being sold by that large of percentage prices will follow. As you mentioned the prices dropped by 14%. I agree that is not bad as the mainland and hopefully it will not get that bad. Hawaii is a unique place and a lot of advantages the mainland doesn’t. Every market is a little different.

There were 520 condominium units sold on Oahu in May, an increase of 5.1% from 495 units sold in May of last year, according to the Honolulu Board of Realtors. Search Close Sign In

Leeward Oahu area sees bump in home sales, prices in May, Honolulu Board of Realtors report says – Pacific Business News Sales of single-family homes in the Makaha-Nanakuli neighborhood rose 22% in May.

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By failing to accurately report the family’s income, Puac-Gomez received $19,908.30 in overpayment of food stamps and other welfare benefits in funds belonging to the.Home prices on Oahu decline in May as inventory rises, Honolulu Board of Realtors says – Pacific Business News Cool.

A new median sales price record for Oahu condos in January 2018. The median price for condominiums jumped by 13.2% percent from last year to $430,000. Sales of single-family homes increased by 2.0 percent year over year, while condominium sales decreased by 1.1 percent from January 2017. According to the Days on Market indicator,

Source: Honolulu Board of REALTORS , compiled from MLS data Despite the shrinking demand and the corresponding rise in supply, the sales prices of single-family homes continue to sustain their value with October’s median sales price for a single-family home at $800,000 for the third month running.

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Hawaii houses and condos stay on market a bit longer. The median price of a single-family house was $683,500 in July, up 5.6 percent from the same month last year. Condominiums, meanwhile, rose 1.8 percent to $351,750, according to monthly housing statistics released Thursday by the Honolulu Board of Realtors.

There were 327 single-family homes sold on Oahu in June, which was 10.4% fewer than the 365 homes that were sold in June 2018.