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

2969 Kalakaua Unit 403/404, Honolulu HI 96815

$4,499,000

2969 Kalakaua Unit 403/404, Honolulu

Rarely available side-by-side units in the highly coveted Diamond Head Apts Ltd! Combine the oceanfront units for an extra large pied-a-terre in THE premier building alon...

  • Beds 4
  • Baths 4.0
  • MLS 201419691
  • Bldg. Diamond Head Apts Ltd

85-175 Farrington Unit A404, Waianae HI 96792

$89,000

85-175 Farrington Unit A404, Waianae

Stunning location! Enjoy spectacular direct ocean views from this top floor full ocean view unit in the desirable "A" building. This full-on ocean view unit is freshly pa...

  • Beds 1
  • Baths 1.0
  • MLS 201419650
  • Bldg. Makaha Surfside

1330 Ala Moana Unit 1307, Honolulu HI 96814

$685,000

1330 Ala Moana Unit 1307, Honolulu

Enjoy the prestigious Nauru Tower 1 bedroom, 1 bath with a beautiful ocean view. The unit is located in a secure and well-managed building with lots of wonderful amenitie...

  • Beds 1
  • Baths 1.0
  • MLS 201419593
  • Bldg. Nauru Tower

98-893 Kaonohi Unit D, Aiea HI 96701

$415,000

98-893 Kaonohi Unit D, Aiea

Remodeled corner end unit with a private courtyard. Amazing ocean, Pearl Harbor, and golf course views. Renovations includes; laminate flooring through out, new paint, ...

  • Beds 3
  • Baths 2.0
  • MLS 201419483
  • Bldg. Ridgeway B1

1676 Ala Moana Unit 701, Honolulu HI 96815

$530,000

1676 Ala Moana Unit 701, Honolulu

Your beautifully upgraded ocean view corner home awaits you! Fall in love with the modern flare of this unit, from its highly upgraded kitchen with granite countertops, s...

  • Beds 2
  • Baths 1.0
  • MLS 201419482
  • Bldg. Harbor View Plaza

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