Social Links Widget

Click here to edit the Social Media Links settings. This text will not be visible on the front end.

Market Updates • November 1, 2024

Oahu Housing Market for 3Q 2024

by Yoko Nagashima
Aeo

-Oahu Housing Market for 3Q 2024

Oahu housing market showed signs of resilience and stability in the 3Q for 2024.
Despite economic uncertainties, the demand for housing remained robust, driven by local Buyers and Mainland investors. Average Sales Price and Median Sales Price have been maintained.

For September 2024, condo active inventory was spiked.  Living in paradise comes with challenges, especially for condo owners.  A significant concern facing Hawaii’s Condo owners is the rising cost of homeowner’s insurance, particularly Hurricane coverage.  Condo properties raise their HOA monthly fee by 300% to 800% and impose special assessments to cover the insurance gaps.

Related Articles
Market Updates October Oahu Real Estate Market The e October Oahu Real Estate Market shows signs of stability. The number of closed sales increased by 20.3% for Single-Family Houses and 10.7% for Condos/Townhouses compared to last month. Year-over-year, Single-Family House sales are up by 22.5%. While Condo/Townhouse sales have lagged, Single-Family House sales are leading the market. Despite this, the median and […]
Market Updates Housing Market update for June 2024 June saw a modest increase in single-family home sales, up by 4% year-over-year. However, June condo sales experienced the largest year-over-year decline this year, dropping 24.5% from last year. In the first half of the year, single-family home sales grew 6.7% compared to the same period in 2023, while condo sales declined by 5.8%.   […]
Real Estate News Typical First-Time Home Buyer 38 years old. The National Association survey sheds light on housing market by Star Advertiser Fewer Fist-Time Buyers: Just under 1 in 4 home buyers purchased for the first time.  That’s the lowest share of first-time buyers since the association began collecting data in 1981.  These buyers also are older and make more money than in the recent […]

Terms Of Use | Privacy Policy | Accessibility Statement | Fair Housing Notice

© 2022 Coldwell Banker Residential LLC

realtor_white-71x83.png
eho-89x83.png