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

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$3,400,000

54337 Kamehameha, Hauula

This is island living at its best. Your island home by the sea. A very beautiful and unique home - spacious living room, kitchen, master-bedroom with master bath that can...

  • Beds 5
  • Baths 4.01
  • MLS 201421264

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$2,000,000

54337 Kamehameha, Hauula

Wonderful location. Great country living with views and mountains and ocean. There are two spacious beachfront homes on this 4-acre CPR compound. Other CPR properties are...

  • Beds 3
  • Baths 3.01
  • MLS 201421263

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$2,450,000

5241 Kalanianaole, Honolulu

This property is a single family home with three units under one roof. Home is very versatile and can be used to suit client's needs as one large 10BR/8.5BA with three ki...

  • Beds
  • Baths
  • MLS 201421215

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$289,000

84-965 Farrington Unit B912A, Waianae

Who says you can't afford to live on the beach in Hawaii?? Here's your chance for a piece of one of the finest beaches on the West side. A tranquil, white sandy beach awa...

  • Beds 1
  • Baths 1.0
  • MLS 201421183
  • Bldg. Makaha Beach Cabanas

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$120,000

4999 Kahala Unit 102, Honolulu

Great ground floor unit in Kahala Beach! Unit overlooks the Waialae Country Club facilities and the green on hole #18 to the right. Unit sold furnished. Has enclosed l...

  • Beds 2
  • Baths 2.0
  • MLS 201421122
  • Bldg. Kahala Beach

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