Hawaii Real Estate Market Trends

Hawaiian real estate market trends vary from year to year. That being said, 2012 brought Hawaii fantastic news as far as single-family home, condo and townhouse purchases and sales go. These current trends should last us all the way through 2013, with more great Hawaii real estate market trends being announced throughout 2013.

You can check out some number from this past year below, but before we get into that lets take a minute to reflect on the current state of Hawaii, including a quick touch on interest rates.

Hawaii property sales is usually always ahead of the curve when it is compared to the rest of the nation. Even after the housing most recent housing crisis hit the state of Hawaii was able to pull through easier and faster than most every other state in the nation. That is because of a couple of factors. We are in the middle of the Pacific Ocean (surrounded by water) and almost all of Hawaii is considered prime real estate.

With that being said, the housing market has continued to thrive over the past year and will continue to skyrocket over the foreseeable future.

Right now is a perfect time for buyers, especially first time buyers. The Feds have continued to lower interest rates and they now sit at an all-time low and from everything that has been reported the Feds will continue to keep interest rates low. The market for sellers is beginning to come around as well, as more and more potential sellers are starting to realize that they can now sell their homes for a fair price and purchase something else.

Current Statewide Trends (Trending Up for Foreseeable Future)

Statewide:

  • Single Family Homes: Median Price - $500,000
  • Condos: Median Price - $320,000

Oahu:

  • Single Family Homes: Median Price - $625,000
  • Condos: Median Price: $325,000

Maui:

  • Single Family Homes: Median Price - $485,000
  • Condos: Median Price: $351,495

Kauai:

  • Single Family Homes: Median Price - $410,000
  • Condos: Median Price: $250,000

Big Island:

  • Single Family Homes: Median Price - $300,000
  • Condos: Median Price: $215,000

All in all Market Trends have been showing us that the market in Hawaii is continuing to recover and even thrive as of late. While other states are still playing catch up, Hawaii seems to have a great handle on the future of real estate.

There hasn’t been a better time in a long time to buy and sell real estate in Hawaii.

Hawaii's Newest Oceanfront Properties

1777 Ala Moana Unit 2002, Honolulu HI 96815

$607,000

1777 Ala Moana Unit 2002, Honolulu

World Famous Ilikai Apt Blgd. Well maintained, very private corner and high floor unit. Great ocean and marina view All granite, open kitchen, stainless steel bottom re...

  • Beds 1
  • Baths 1.0
  • MLS 201406450
  • Bldg. Ilikai Apt Bldg

2895 Kalakaua Unit 401, Honolulu HI 96815

$1,350,000

2895 Kalakaua Unit 401, Honolulu

Colony Surf Prime Waikiki "01" corner unit. Direct beachfront prized "Fourth-floor" level feels like a beach house. Street to ocean floor plan with large windows on bot...

  • Beds 1
  • Baths 1.0
  • MLS 201406443
  • Bldg. Colony Surf Ltd

22 Kaiholu, Kailua HI 96734

$16,000,000

22 Kaiholu, Kailua

KAILUA BEACHFRONT -Ultimate dream 3/4 acre lot with 128.76 linear feet of white sandy beach along turquoise ocean. Rare opportunity to own one of the last large parcels o...

  • Beds
  • Baths
  • MLS 201406404

84-265 Farrington Unit 312, Waianae HI 96792

$210,000

84-265 Farrington Unit 312, Waianae

Sandy beachfront living at it's finest! Enjoy breath taking DIRECT OCEAN, sunsets/coastline views & all the ocean's playground offers- whales, surfers, sailboats, divers+...

  • Beds
  • Baths 1.0
  • MLS 201406429
  • Bldg. Makaha Shores

85-175 Farrington Unit B111, Waianae HI 96792

$79,900

85-175 Farrington Unit B111, Waianae

Move-in ready, ground floor unit. EZ care ceramic tile throughout. Newer stove & refrigerator. Ocean & green view from living room. Secured complex with two pools, bb...

  • Beds 1
  • Baths 1.0
  • MLS 201406367
  • Bldg. Makaha Surfside

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