Source: Hawaii Public Radio —
For a sixth consecutive month, the median price for a single-family home on Oʻahu was more than a million dollars, according to a new report from local real estate firm Locations Hawaiʻi.
Last month, the median price for a single-family home was $1,060,000 — and condos $485,000. Both are increases of 22% and 14% compared to December 2020.
For Locations senior vice president and principal broker John Connelly, 2021 was unlike anything he’s ever seen.
“When we take a look at the number of sales for single-family homes, they were up 18%,” he said. “The number of sales for condos was up over 50%. And that doesn’t include the new developments. That’s just resales.”