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

68-329 Crozier, Waialua HI 96791

$2,650,000

68-329 Crozier, Waialua

Nearly 1/3 of an acre, highlighted by 60 feet of white sand beach frontage on Mokuleia's most desired stretch. Property sits on a small point along the coastline, afford...

  • Beds 4
  • Baths 2.0
  • MLS 201415777

4981 Kalanianaole, Honolulu HI 96821

$4,650,000

4981 Kalanianaole, Honolulu

Home design resembles the Prairie School of Architecture, themed by Frank Lloyd Wright. A causal, easy maintenance beach house. Genuine Hawaiiana feel with board & batten...

  • Beds 4
  • Baths 3.01
  • MLS 201413203

68-329 Crozier, Waialua HI 96791

$2,650,000

68-329 Crozier, Waialua

Nearly 1/3 of an acre, highlighted by 60 feet of white sand beach frontage on Mokuleia's most desired stretch. Property sits on a small point along the coastline, afford...

  • Beds
  • Baths
  • MLS 201415651

2929 Ala Ilima Unit 1202, Honolulu HI 96818

$405,000

2929 Ala Ilima Unit 1202, Honolulu

Unobstructed panoramic ocean and Honolulu/Diamond Head views! Remodeled in 2014, safe and secured building with FOB key entrance and access to individual floors. Two unit...

  • Beds 3
  • Baths 2.0
  • MLS 201415741
  • Bldg. Lehua Manor

1765 Ala Moana Unit 586, Honolulu HI 96815

$565,000

1765 Ala Moana Unit 586, Honolulu

Total remodel! All brand new and completely furnished. Open kitchen, granite counters, tile floors, completely like new. Even has a wine chiller. Refrigerator equipped...

  • Beds 1
  • Baths 1.0
  • MLS 201415654
  • Bldg. Ilikai Marina

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