Real Estate Update March 2022, Oahu, Hawaii
Single- Family Homes set a new record median sales price of 1,125,000!
Market Summary:
- Sparse inventory and sustained demand continue to drive the price of real estate up. Single-family homes saw a 22.6% price increase in comparison to February 2021.
- Single-family home sales were down 7.3% year-over-year, while condo sales were up 9% compared to this time last year.
- Approximately 55% of single-family home sales and 37% of condo sales closed above the original asking price.
—— February Notable Sales——
—— Cook with Desi——
Naan Bread with Avocado and Scallion Salsa
——Did you know? ——
—— From the Web——
USC coach Lincoln Riley buys $17.2M mansion in Palos Verdes Estates
Amenities include a five-car garage, elevator, tennis court, putting green, movie theatre, 600-bottle wine room, sauna, and steam room.
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 March!
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Thank you for liking my update :) Yes, it takes time to create it, I am glad you appreciate it. Aloha.
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