Hawaii Real Estate Trends - A New Way to Look at Hawaii Realty

Hawaii Real Estate

Recent trends in Hawaii real estate indicate that prices have evened out as buyer’s and seller’s negotiate a new understanding of the value of property in the modern economic climate. Between the end of 2011 and April of 2012, the average price for a condo or townhouse in Hawaii went from $405,000 to $413,000. Single family homes, both in and out of the city, averaged a list price of $826,000 at the end of last year and seller’s are now asking an average of $822,000. With approximately 72% of the market share, single family homes and townhouses/condos constitute the foundation of the Hawaii real estate market.

While the seller’s of single family homes and condos/townhouses seem to have agreed upon the correct price point for Hawaii real estate, evidence indicates that buyer’s still expect to get great value for their money. Over the past 5 months, the average sale price of a single family home in Hawaii has been $509,000, 39% below the average list price. In the condominium market, the average sale price is $395,000, barely 1% below the asking prices.

Map of Hawaii Cities - Average Listing Price Change

Hawaii Real Estate:
Largest Increase in Listing Price

City 3 mo.
Keaau, HI Real Estate
5.89%
Kailua Kona, HI Real Estate
1.73%
Ewa Beach, HI Real Estate
1.65%
Waimea, HI Real Estate
1.03%

Hawaii Real Estate:
Largest Decrease in Listing Price

City 3 mo.
Kihei, HI Real Estate
8.13%
Honolulu, HI Real Estate
6.80%
Pahoa, HI Real Estate
4.97%
Lahaina, HI Real Estate
4.83%

Hawaii Homes For Sale By City

Most Expensive Hawaii Homes for Sale by City

City Median $ 3 mo.
Lahaina, HI Homes for Sale $2,409,091
4.83%
Honolulu, HI Homes for Sale $1,647,002
6.80%
Kailua Kona, HI Homes for Sale $1,645,288
1.73%
Kihei, HI Homes for Sale $1,495,407
8.13%
Waimea, HI Homes for Sale $1,469,018
1.03%

Least Expensive Hawaii Homes for Sale by City

City Median $ 3 mo.
Pahoa, HI Homes for Sale $268,317
4.97%
Keaau, HI Homes for Sale $328,230
5.89%
Waianae, HI Homes for Sale $456,980
0.00%
Ewa Beach, HI Homes for Sale $610,677
1.65%
Kapolei, HI Homes for Sale $680,270
0.00%

Best Hawaii Cities for Families and Singles

Top 5 Hawaii Cities for Families

City Homes with
Children
Crime vs. Natl. Avg.
Schofield Barracks, HI Local Info 76.00% 0.04
Nanakuli, HI Local Info 61.00% 0.04
Ewa Beach, HI Local Info 51.00% 0.02
Waianae, HI Local Info 46.00% 0.03
Waipahu, HI Local Info 46.00% 0.04

Top 5 Hawaii Cities for Singles

City Unmarried Female
to Male
Lahaina, HI Local Info 82.00% 49% / 51%
Schofield Barracks, HI Local Info 78.00% 42% / 58%
Nanakuli, HI Local Info 77.00% 51% / 49%
Waianae, HI Local Info 76.00% 51% / 49%
Waipahu, HI Local Info 75.00% 50% / 50%
Methodology

Largest Increase in Listing Price Methodology

This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage increase in median listing prices for single family homes over a three month period.

Largest Decrease in Listing Price Methodology

This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage decrease in median listing prices for single family homes over a three month period.

Most Expensive Homes for Sale by City Methodology

This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five highest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.

Least Expensive Homes for Sale by City Methodology

This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five lowest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.

Top 5 Cities for Families Methodology

This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of homes with children and the lowest crime rate. Crime rate is determined by comparing each city's crime rate index against the national crime rate index, which equals 100. A number lower than one indicates less crime than the national average, while a number greater than one indicates more overall crime than the national average.

Top 5 Cities for Singles Methodology

This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of unmarried people. An unmarried person is defined as someone who was never married, is separated, or divorced.