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Locations – Hawaii’s leading real estate firm –represented the buyer of Ka-wailoa estate Hale Komodo on Oahu’s North Shore. The home, which sold for $12 million dollars, set a record for the North Shore, exceeding the previous record of $7.8 million, set in 2017, of the sale of the adjacent property to surfer Kelly Slater.
March 2018 was a big month for condos. A six percent increase in new condo listings pushed the number of available condos to nearly 1,500 units. Condo prices also hit a record high in March at $440,000, just barely edging out January’s median price of $439,000. Some good news for condo shoppers is that competition is easing up a bit, thanks to increased inventory.
Locations – Hawaii’s leading real estate firm – published its Oahu Residential Real Estate Report for March 2018. The report, which analyzes sales activity for more than 350 Oahu neigh-borhoods, concludes that Oahu condo listings increased by 16 percent, offering prospective condo owners more choices and less competition. Strong demand for Oahu condos continues, with a ten percent increase in median price to a record $440,000.
Did your Oahu real estate market area fair better than your NCAA March Madness pick? Locations analyzed Oahu's 16 market areas to determine the highest-performing neighborhoods from the West and East sides of the island. In our championship match up of West side winner, Leeward, vs. East side winner, Kaneohe, we looked at the percent increase in the percentage of single-family homes sold for above asking price in 2017.
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