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

68-697 Farrington, Waialua HI 96791

$1,250,000

68-697 Farrington, Waialua

Beautiful oceanfront home with awesome views! This 4 bedroom 3 bathroom home features an enclosed garage with extra storage, granite countertops, and much more. There is ...

  • Beds 4
  • Baths 3.0
  • MLS 201418891

61-707 Papailoa, Haleiwa HI 96712

$5,925,000

61-707 Papailoa, Haleiwa

This fabulous vintage 5 bedroom 3 bath home situated in the Northshores prestigious "Papailoa Road" neighborhood, boasts 120 ft. of beach frontage, sprawling oceanside la...

  • Beds 5
  • Baths 3.01
  • MLS 201418839

84-265 Farrington Unit 402, Waianae HI 96792

$185,000

84-265 Farrington Unit 402, Waianae

Motivated Seller. A handyman's specialty overlook the beach and ocean. A surfer's delight great starter unit. Well maintained grounds.

  • Beds
  • Baths 1.0
  • MLS 201418840
  • Bldg. Makaha Shores

84-965 Farrington Unit A803, Waianae HI 96792

$247,900

84-965 Farrington Unit A803, Waianae

Sip mai-tais while watching panoramic sunsets from your lanai in this newly remodeled, desirable high floor condo in Makaha Beach Cabanas! See turtles, dolphins, whales ...

  • Beds 1
  • Baths 1.0
  • MLS 201418837
  • Bldg. Makaha Beach Cabanas

$855,000

2937 Kalakaua Unit 48, Honolulu

Gold Coast Living at its finest. Cool trade wind breezes! Fee Simple 1 bed/1 bath condo with parking. Unparalleled location - Kapiolani Park and Diamond Head as your bac...

  • Beds 1
  • Baths 1.0
  • MLS 201418732
  • Bldg. Castle Surf Apts

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