Real Estate Market Update | Michael Shower (RA)

Oahu Real Estate Market Update | March 2018

by Michael Shower (RA) | Mar 26, 2018

Demand remains high, inventory tight, as Oahu prices push higher in February The median price of Oahu real estate increased for the 10th consecutive month in February — confirming homebuyers are not being deterred much by the recent mortgage interest rates uptick....

Double-Digit Increase in Sales Roll into Fourth Quarter

by Michael Shower (RA) | Dec 15, 2017

With one month remaining in 2017, statistics reported thus far by the Honolulu Board of Realtors point to another record year of sales. Year-to-date prices, sales volume, days on the market, and sales pending — all exceed the pace set in 2016. The steady climb in the...

Housing Market Robust as 2017 Stats to Date Indicate a Healthy Market

by Michael Shower (RA) | Nov 20, 2017

As we kick off the fourth quarter, 2017 promises to be another banner year for Oahu real estate. Year-to-date stats reported by the Honolulu Board of Realtors report single-family home prices up 3% at the end of October — condo are up 4.4% — and closed sales for the...

As Lending Guidelines Ease, More Buyers Encouraged to Start Shopping

by Michael Shower (RA) | Oct 11, 2017

A drop in new listings for September along with a five-percent decrease in days on the market before a seller opens escrow have compounded the short supply of inventory on Oahu. The results, of course, are predictable: Prices continue to rise. “Buyer demand, paired...

Oahu Real Estate Market Update | September 2017

by Michael Shower (RA) | Sep 18, 2017

Buyer Optimism Up, Despite Rising Prices Condo sales are up 19.5% in August — an indicator that condos and townhouses remain an attractive alternative to single-family homes for homebuyers desiring a more affordable price point. While prices continue to rise, the...