September 2021 Market Update
The majority of homebuyers continue to bid over the asking price
Closed sales of single-family homes and condos continued to outpace sales activity from the same time last year, recording 8.4% and 34.9% increases, respectively. However, sales dropped slightly compared to August, with single-family homes down just 0.2% and condos dipping 8.9%. The median price for a single-family home remained at $1,050,000, while the median condo price rose 7.4% year-over-year to $478,000. Around 57% of single-family homes sold in September were priced at $1 million and above, and the most volume growth occurred in the $1,000,000 to $1,399,999 range, with more than double the sales as last September.
—— Neighborhood Spotlight ——
I chose Kaneohe for this month's neighborhood spotlight because during the last year the median sales price increased by 35%! Also, 34 houses were sold in Kaneohe (only 3 other neighborhoods had higher house sales).
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