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.

If you’ve been dreaming of moving to a newer or larger home “someday,” you might consider making that “someday” today! The current real estate market presents a great opportunity for homeowners: It’s now possible to leverage the large gains in home equity made over the last several years to trade up to home that meets your needs—in some cases, without adding to your monthly mortgage payment.