Oahu Market Update, June 2022

 —— Market Summary ——

Market Highlights:

• Housing sales volume on Oahu declined in June, with single-family home sales down 20.8% and condos dropping 14.2% year-over-year. 
• The median sales price of a single-family home increased 12.4% in comparison to last June. Condos saw 16.1% increase.
• 62% of single-family homes and 43% of condos sold above the asking price
• 30% of the active listings had a price reduction.

——The Highest MLS Sales——

$23,888,888

1020 & 1030 Mokulua Dr, Kailua 96734 

8 Beds, 8 1/2 Baths 

 Sq. Ft:  10,198

Year Built: 2019

List price: $25,000,000 

DOM: 0

MLS 202205574

$10,375,000

3047 Kalakaua Ave, Honolulu 96815 

3 Beds, 3/1 Baths 

 Sq. Ft: 3,826

Year Built: 2009 

List price: $10,850,000

DOM: 66

MLS 202203111

View the listing

——Neighborhood Spotlight——

Kapahulu/ Diamond head is the neighborhood with the highest decrease in sales-  66%. Despite the decline in sales, the median sales price increased 30% in comparison to June 2021.

                           

                            

Mahalo for reading my market update and please reach out with any questions.