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

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

85-175 Farrington Unit A114, Waianae HI 96792

$89,900

85-175 Farrington Unit A114, Waianae

Beachfront building with ocean view, completely renovated, newer appliances, owner occupied, your chance to own your dream getaway, next to the pool and the beach, secure...

  • Beds 1
  • Baths 1.0
  • MLS 201406283
  • Bldg. Makaha Surfside

4999 Kahala Unit 365, Honolulu HI 96816

$258,000

4999 Kahala Unit 365, Honolulu

Live a resort lifestyle in the only oceanfront complex in Kahala! Building fronts a beautiful sandy beach and is adjacent to THE Kahala hotel and famous Waialae Country C...

  • Beds 2
  • Baths 2.0
  • MLS 201406280
  • Bldg. Kahala Beach

92-102 Waialii Unit B-602, Kapolei HI 96707-4420

$1,295,000

92-102 Waialii Unit B-602, Kapolei

Furnished. Stone counter tops and flooring, mahogany crown molding, pocket lanai doors, Sub-Zero, Wolf appliances. Seller makes no representation or warranty, express or...

  • Beds 2
  • Baths 2.0
  • MLS 201406268
  • Bldg. Beachvillas@Ko Olina

2500 Kalakaua Unit 2305, Honolulu HI 96815

$598,000

2500 Kalakaua Unit 2305, Honolulu

View! View! View! Location! Location! Location! Great Value!! Fantastic Ocean View in the World Famous Waikiki Ocean Front building. Surfer's Dream Condo. The price is mu...

  • Beds
  • Baths 1.0
  • MLS 201406168
  • Bldg. Foster Tower

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