Contact Luke at 808-492-0590 for any questions or to discuss market conditions.
Single Family Homes — Oahu
15 Year Price History — Single Family Homes on Oahu
Oahu Single Family Home Prices for the last 15 Months
Average Price per Square Foot — Single Family Homes on Oahu
Average Days on Market — Single Family Homes on Oahu
Months of Inventory — Single Family Homes on Oahu
15 Year Price History — Condos on Oahu
Oahu Condo Prices for the last 15 Months
Average Price per Square Foot — Condos on Oahu
Average Days on Market — Condos on Oahu
Months of Inventory — Condos on Oahu
Notice that we have the same style and order of graphs for both single family homes and for condos. All of our Oahu real estate market graphs are updated automatically every month.
The green line shows average For Sale prices. The red line shows average Sold prices. If the green line is well above the red line, then either we are in a downward market or, more likely, there is a lot of inventory up at the top of the market (in the few million dollar range) that is taking a while to sell.
If the red line is above the green line, most likely the market is moving up very fast. This would be a rare occurrence.
The blue bars show the median Sold prices. “Median” means half of the properties sold above this price and half sold below.
Average Price per Square Foot
This measure allows us one method to compare prices across different size properties. Multiply the price per square foot by the square footage of the subject property, and you have a rough valuation.
Average Days on Market
By measuring the days on market, we can see how fast the market is moving.
Months of Inventory
If no new properties came on the market, at the current rate of sales how many months would it take before there were no properties left for sale? That’s the question that this graph answers. It acts as a measure of the velocity of the market.
Generally speaking, if there are less than 6 months of inventory, we are in a market favoring sellers. If there are more than 6 months of inventory, it’s a buyer’s market.