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Locations – Hawaii’s leading real estate firm – published its Oahu Residential Real Estate Report for April 2018. The report, which analyzes sales activity for more than 350 Oahu neighbor-hoods, concludes that Oahu single-family home median prices increased by 10 percent—the greatest increase in April in more than a decade.
Locations – Hawaii’s leading real estate firm published its Oahu Residential Real Estate Report for Q1 of 2018, which showed a 3.3 percent increase in median single-family home prices and an 8.3 percent increase in median condominium prices over Q1 of 2017. There was also a significant drop in Days on Market over the first quarter of the previous year, from 22 days to just 17 for single-family homes—a 22.7 percent decrease—and from 22 days to 20 for condominiums—a 9.1 percent decrease.
With prices on the rise in almost every neighborhood across the island, we've heard some would-be homeowners wonder aloud if the Oahu real estate market is heading toward a bubble. In short, the answer is no.
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