Home prices on Oahu decline in May as inventory rises, Honolulu Board of Realtors says – Pacific Business News

Median Sales Price of Single Family Homes and Condos on Oahu, January 2016 | Source: Honolulu Board of REALTORS, compiled from MLS data. The median price of a single-family home in January was $733,500, up 8.7% from the same time last year – and marking an all-time monthly high.

In 2000 this seemed unbelievable and bold, especially in front of a large number of realtors. At that time the median Oahu single family home value had been hovering around $300,000 for several years. Prior to Paul’s 2000 presentation the Oahu real estate market experienced a prolonged softness throughout all of the 1990s.

With the success of each member as its primary focus, the Honolulu Board of REALTORS, led by an elected Board of Directors comprised of HBR members, is actively involved in many issues and efforts that foster community and business growth. As the voice of Oahu’s real estate industry, HBR promotes and protects the interests of its members and.

Business Home prices tick up on Oahu.. released yesterday by the Honolulu Board of Realtors.. in December that Oahu’s median home sale price will rise 4.3 percent this year..

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Hawaii houses and condos stay on market a bit longer. The median price of a single-family house was $683,500 in July, up 5.6 percent from the same month last year. Condominiums, meanwhile, rose 1.8 percent to $351,750, according to monthly housing statistics released Thursday by the Honolulu Board of Realtors.

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A recovery for Oahu home prices still looks hesitant six months. according to data from the Honolulu Board of Realtors. The slight gain followed a 12 percent jump in May, which in turn was preceded.

Bill Cresenzo Reporter – Pacific Business News. Oahu’s lack of home inventory and affordable housing was the hot topic Friday morning at the Honolulu Board of Realtors’ housing forum, with Karen Nakamura, the outgoing CEO of the Building Industry Association of Hawaii, calling for an end to a "draconian" permitting process that she.

Cool. Add your comment. Usually when the amount of homes being sold by that large of percentage prices will follow. As you mentioned the prices dropped by 14%. I agree that is not bad as the mainland and hopefully it will not get that bad. Hawaii is a unique place and a lot of advantages the mainland doesn’t. Every market is a little different.