Honolulu Board of Realtors June 2017 Local Housing Statistics

Click Here for PDF Version of the Honolulu Board of Realtors June 2017 Local Market Update

The below information and linked report are produced by the Honolulu Board of Realtors using the HiCentral MLS data management system. Our brokerage’s website provides you with the same property sales information that is used to provide the below market metrics. EXIT Real Estate Associates is a brokerage member of the Honolulu Board of Realtors and is granted access to the same MLS database but with online tools to assist you with your search, we have a fast-loading mobile app for all smartphone users, and we are qualified by the State of Hawaii to provide advise and guidance on any of the listings you view from www.ExitRealtyHonolulu.com. We look forward to be of service to you.

Honolulu Board of Realtors April 2015 Local Market Updates

Click Here for PDF Version of the HBR April 2015 Local Market Updates

Honolulu Board of Realtors April 2015 Local Market Updates

The April 2015 Local Market Updates for Oahu, Hawaii, real estate contains monthly and year-to-date statistics on number of home and condominiums available on the market, how many sales closed relative to last April, closed sales and median sales price graphs, percentage of original list price received and days on market. The report also contains a section which compares the neighborhoods for April 2014 and April 2015. The report is produced by the Honolulu Board of Realtors and is compiled from Multiple Listing Service property data and covers many general areas of the island. Contact a Realtor for information on a specific neighborhood.

Honolulu Board of Realtors March 2015 Local Market Updates

Click Here for PDF Version of the HBR March 2015 Local Market Updates

Click Here for PDF Version of the Honolulu Board of Realtors March 2015 Local Market Updates

The March 2015 Local Market Updates for Oahu, Hawaii, real estate contains monthly and year-to-date statistics on number of home and condominiums available on the market, how many sales closed relative to last September, closed sales and median sales price graphs, percentage of original list price received and days on market. The report also contains a section which compares the neighborhoods for March 2014 and March 2015. The report is produced by the Honolulu Board of Realtors and is compiled from Multiple Listing Service property data and covers many general areas of the island. Contact a Realtor for information on a specific neighborhood.

Honolulu Board of Realtors September 2014 Local Market Updates

Click Here for PDF Version of the HBR September 2014 Local Market Updates

The September 2014 Local Market Updates for Oahu, Hawaii, real estate contains monthly and year-to-date statistics on number of home and condominiums available on the market, how many sales closed relative to last September, closed sales and median sales price graphs, percentage of original list price received and days on market. The report also contains a section which compares the neighborhoods for September 2013 and September 2014. The report is produced by the Honolulu Board of Realtors and is compiled from Multiple Listing Service property data and covers many general areas of the island. Contact a Realtor for information on a specific neighborhood.

Greater Than 5% Increase in Hawaii Median Price Forecasted

In late August, the National Association of Realtors (NAR) released median home price information that showed gains of 4.9 percent in July 2014 home prices compared to July 2013. This gain was slightly higher than the 3.7 percent seen in June and notably slower than double-digit price growth in summer/fall 2013. Overall, the NAR is forecasting an increase in the median sales price at a sustainable single digit rate. Locally, Hawaii is one of three states where the median sales price change is expected to grow greater than 5 percent in the next 12 months.

Median Expected Price Change of REALTORS in Next 12 Months, By State Based on May-July 2014 RCI Survey

Below is a hypothetical example, using an OwnAmerica.com investor decision aid, of what a 5 percent average growth rate equates to after 20 years.

BY THE NUMBERS…Waikiki Home Purchase Price of $425,000.

The home is purchased with a 5 percent down payment of $21,250 and a closing costs of 1 percent or $4,250 which results in a mortgage amount of $403,750.  With a 4 percent mortgage rate and a 5 percent appreciation rate after 20 years the principal on the mortgage would be reduced to $319,938 while the properties value would rise to $692,280 leaving you with $372,342 in equity.

Use the investor decision aid to experiment with different scenarios and talk to your local Realtor to learn more about real estate investment opportunities in your area.

 

 

 

Hawaii Shows Consistent Quarterly Median Sales Price Growth

Median Sales Price Growth of Existing Single Family Homes for Metropolitan Areas (2013Q2 to 2014Q2)
Hawaii Shows Consistent Quarterly Median Sales Price Growth
The Federal Housing Finance Agency (FHFA) releases quarterly state and metro area data including data for Hawaii and Honolulu. At the regional level the most robust home price gains from a year ago were still in the West. The National Association of Realtors reported price change of 6.4% and 6.5% from a year earlier in both June and July in the West.

According to FHFA year over year prices in June 2014 rose 9.4 percent in the Pacific division which includes Hawaii, Alaska, Washington, Oregon, and California which was above the national 5.2 percent price change. Despite the impressive gains regionally and modest gains nationally, Hawaii experienced a more conservative 2.79 percent price increase.

2014 Q2 $678.5K
2014 Q1 $672.3K
2013 Q4 $670.8K
2013 Q3 $679.8K
2013 Q2 $660.1K

Honolulu Board of Realtors July 2014 Local Housing Statistics

Click Here for PDF Version of the Honolulu Board of Realtors July 2014 Housing Statistics

Click Here for PDF Version of the Honolulu Board of Realtors July 2014 Housing Statistics

Honolulu Board of Realtors, Multiple Listing Service, charts for Oahu, Hawaii, single family homes and condominiums, depicts monthly data from July 2013 through July 2014. Data shows that the average sales price for single family homes rose to nearly 5 percent with a modest increase in the overall number of closed sales when compared to one year ago. Condominium sales also show a modest increase in median sales price, average sales price, and number of sales as compared to one year ago. The median days on market was 23 days for condominiums and 20 days for single family homes and both remained relatively unchanged from one year ago. Nearly all presented monthly indicators for single family homes and condominiums were favorable for July 2014. The only exception was the percentage of original listing price received that dropped ever so slightly but it still remains at nearly 100 percent for both single family homes and condominiums.  For more information on this report, to find out what’s happening in the market today, or a more long-term perspective talk with a local Realtor.

Honolulu Board of Realtors June 2014 Local Market Updates

Click Here for PDF Version of the HBR June 2014 Local Market Updates

Click Here for PDF Version of the Honolulu Board of Realtors June 2014 Local Market Updates The June 2014 Local Market Updates for Oahu, Hawaii, real estate contains monthly and year-to-date statistics on number of home and condominiums available on the market, how many sales closed relative to last June, closed sales and median sales price graphs, percentage of original list price received and days on market. The report also contains a section which compares the neighborhoods for June 2013 and June 2014. The report is produced by the Honolulu Board of Realtors and is compiled from Multiple Listing Service property data and covers many general areas of the island. Contact a Realtor for information on a specific neighborhood.

Honolulu Board of Realtors May 2014 Local Market Updates

Click Here for PDF Version of the Honolulu Board of Realtors May 2014 Local Market Updates

Click Here for PDF Version of the Honolulu Board of Realtors May 2014 Local Market Updates

The May 2014 Local Market Updates for Oahu, Hawaii, real estate contains monthly and year-to-date statistics on number of home and condominiums available on the market, how many sales closed relative to last May, closed sales and median sales price graphs, percentage of original list price received and days on market. The report also contains a section which compares the neighborhoods for May 2013 and May 2014. The report is produced by the Honolulu Board of Realtors and is compiled from Multiple Listing Service property data and covers many general areas of the island. Contact a Realtor for information on a specific neighborhood.

Honolulu Board of Realtors April 2014 Local Market Updates

Click Here for PDF Version of the Honolulu Board of Realtors April 2014 Local Market Updates

Honolulu Board of Realtors April 2014 Local Neighborhood Updates Cover

The April 2014 Local Market Updates for Oahu, Hawaii, real estate contains monthly and year-to-date statistics on number of home and condominiums available on the market, how many sales closed relative to last April, closed sales and median sales price graphs, percentage of original list price received and days on market. The report also contains a section which compares the neighborhoods for April 2013 and April 2014. The report is produced by the Honolulu Board of Realtors and is compiled from Multiple Listing Service property data and covers many general areas of the island. Contact a Realtor for information on a specific neighborhood.

Honolulu Board of Realtors February 2014 Local Market Updates

Click Here for PDF Version of the Honolulu Board of Realtors February 2014 Local Market Updates

Honolulu Board of Realtors February 2014 Local Neighborhood Updates

The February 2014 Local Market Updates for Oahu, Hawaii, real estate contains monthly and year-to-date statistics on number of home and condominiums available on the market, how many sales closed relative to last July, closed sales and median sales price graphs, percentage of original list price received and days on market. The report also contains a new section which compares the neighborhoods for February 2013 and February 2014. The report is produced by the Honolulu Board of Realtors and is compiled from Multiple Listing Service property data and covers many general areas of the island. Contact a Realtor for information on a specific neighborhood.

Honolulu Board of Realtors October 2013 Local Market Updates

Click Here for PDF Version of the Honolulu Board of Realtors October 2013 Local Market Updates

Click Here for PDF Version of the Honolulu Board of Realtors October 2013 Local Market Updates

The October 2013 Local Market Updates for Oahu, Hawaii, real estate contains monthly and year-to-date statistics on number of home and condominiums available on the market, how many sales closed relative to last July, closed sales and median sales price  graphs, percentage of original list price received and days on market. The report also contains a new section which compares the neighborhoods for October 2012 and October 2013. The report is produced by the Honolulu Board of Realtors and is compiled from Multiple Listing Service property data and covers many general areas of the island.  Contact a Realtor for information on a specific neighborhood.

Honolulu Board of Realtors July 2013 Local Market Updates

Click Here for PDF Version of the Honolulu Board of Realtors
July 2013 Local Market Updates

HBR July 2013 Local Market Update
The July 2013 Local Market Updates for Oahu, Hawaii, real estate contains monthly and year-to-date statistics on number of home and condominiums available on the market, how many sales closed relative to last July, closed sales and median sales price  graphs, percentage of original list price received and days on market. The report is produced by the Honolulu Board of Realtors and is compiled from Multiple Listing Service property data and covers many general areas of the island.  Contact a Realtor for information on a specific neighborhood.