January 2022 Market Update (Oahu, Hawaii)

 

Condos set a new record median sales price of $510,000!

Market Summary:

• Oahu’s housing market saw a 28.6% sales increase compared to January 2021.
• Single-family home sales were up 12% year-over-year, while condo sales soared 40.8% compared to this time last year.
• Approximately 61% of single-family home sales closed above the original asking price, a 24.5% increase from this time last year. The condo market also saw a large portion of sales close above the original asking price, 39% of sales compared to 30% in January 2021.
• Single-family home listings were down 12.3% compared to a year ago

View the Full Market Report

—— January Notable Sales——

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—— Did you see Desi's Newest Recipe?—— 

Delicious Buttermilk Pancakes

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——Did you know? ——

To find out more about the program, or simply to connect with an awesome lender, call Rick Yniguez at (808) 462-7318 (Website)

—— From the Web—— 

North Carolina home collapses into the Atlantic Ocean

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Mahalo for reading my monthly update. Please reach out if you have any questions and feel free to browse current listings on my website  www.homes-oahu.com

Have a great February!