July Showed Strong Housing Activity for Honolulu

Honolulu prices continue to climb. There is so little inventory of affordably priced homes that buyers continue to invest in homes afraid that they will be priced out of the real estate market if they don’t bite the bullet and make offers.

When you read the Honolulu report on the (median) price of homes, remember that the island of Oahu is the County of Honolulu. Therefore, the Honolulu report is the report on the island and not the city of Honolulu.

You can see from this chart from Title Guaranty that the median sales price in July for the Kahala area was $1,250,000 (for a condominium).

Kahala is a tony neighborhood whose shopping mall activity increased by its anchor tenant Whole Foods. It has a large deli-style area for take-out food and a generous outdoor seating area outside its doors. Whether you’re meeting a friend or eating alone, the Kahala Mall is a nice place to venture.

Ocean Pointe homes continue to climb and the median price of a single-family home is $707,000. Two years ago, you could find a 4 Bedroom 2 Bath home there for approximately $638,904.

Here’s our islandwide July 2017 report. Prices are continuing to climb in many neighborhoods.