Single-Family Homes on Oahu hits new high

Yesterday, the Honolulu Star-Advertiser headline caught my eyes while I was in line at the supermarket. Here's the excerpt of Honolulu Magazine article on the subject. 

The median price of an Oahu single-family home reached $700,000 for the first time in June. The mark is up 3.4 percent from the same month last year and blows past the previous record of $685,000 first reached in June 2007 and again in December 2013, according to a report released Monday by the Honolulu Board of Realtors. (Honolulu Magazine article by Jaymes Song 7.7.2014)

Sky's the limit to Honolulu real estate market

So, Honolulu's real estate market for single-family homes reached a new high, and it seems continue to go upward this Summer.

Single-family homes islandwide are being snapped up quickly, staying on the market only an average of 19 days, according to the board. 

 For buyers, it is essential to be ready for a mortgage (pre-qualify), cash ($140,000 for 20%), and good eyes on new listing.  Don't forget to ask your real estate professional to set up automatic alert for your search and stay connected.

Have a great Summer!