HI Now’s Kainoa Carlson and Locations’ Lead Real Estate Research Analyst John Jacobson deep dive on the real estate market on the North Shore of Oahu. Known for its iconic surf breaks and breathtaking beauty, the North Shore offers a variety of neighborhoods, housing types and access to the ocean. Jacobson offers insights on the current market and what you need to know about owning or selling on the North Shore.

he Oahu real estate market remained extremely competitive for buyers in March. Both single-family homes and condos entered into contract in record time, and a high percentage of properties were sold for above the list price. As a result, median prices were pushed to record highs yet again. The Oahu condo market, in particular, is becoming increasingly competitive, as more buyers look to condos for greater availability and more accessible price points.

HI Now’s Kainoa Carlson, Locations’ Lead Real Estate Research Analyst, John Jacobson, and Toan Doran, Realtor and Partner at Locations, discuss the real estate market in Waikiki. Jacobson and Doran offer insights on the current market for condominiums in Waikiki; why Waikiki continues to be the primary market for real estate investors; the range of options from entry-level to luxury condominiums available; and what buyers and sellers need to know about Waikiki.

Demand for single-family homes and condos remains well above last year’s levels. With interest rates below four percent and limited for-sale inventory, seller’s market conditions are likely to continue throughout this year.