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The initial effects of the coronavirus pandemic have passed, and Oahu market activity has returned to last year’s levels or better, as strong demand for housing and lack of supply for sale continues. With just 590 single-family homes for sale, inventory is at the lowest point in the 40 years that Locations has been tracking the Oahu real estate market. Record-low single-family home inventory, coupled with near historically low interest rates, pushed median home prices and competition to new highs in September, with four in 10 homes selling for above the asking price.
Our worlds are changing quickly. As we navigate this uncharted time together, Locations is adapting our business to ensure your health and safety, as well as that of our agents and our island community.
Selling your Oahu home? Did you know that 93 percent of homebuyers begin their search online? That’s why Locations has partnered with Adwerx, the worldwide leader in digital marketing, to provide the most online exposure possible for our clients’ homes.
Today, the developer of the new Ililani condominium tower in Kaka’ako released an additional 32 new affordable units to be offered for sale to the public. Located at 615 Keawe Street, Ililani is the newest addition to the Kaka’ako neighborhood! The lililani condominium project will feature a mix of market and affordable housing units, right in the heart of Honolulu!
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