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#KaimukiProperties: Jan 2016 Housing Update


The demand to live in Kaimuki continues to rise. Comparing resale statistics from January 2015 to January 2016, the median price for a single family home in Kaimuki increased 1.6% to $950,000 from $935,000.

To put things into perspective, the median price for a single family home on Oahu, during the month of January 2016, was $733,500.

January was a strong month of sales. Single family and condominium prices were double digits respectively. In comparison to January 2015, single family homes saw an increase of 10.5%, while condominiums were up 18.2%.

The increase in price is reflective of the chronic housing shortages on Oahu.

If you are interested in learning more about Kaimuki (or any other neighborhood), please don’t hesitate to contact me

-RO

Source: HiCentral.com

Disclaimer: This is a personal blog. Ryan Oda (#RS-75450) is a licensed real estate salesperson with Benn Pacific Group, Inc (#RB-19423). The opinions expressed here represent my own and not those of Benn Pacific Group, Inc., its agents, and or its affiliates. My thoughts and opinions can change over time. This blog is intended to provide a semi-permanent snapshot of a selection of various thoughts and opinions that may not be the same, or even similar, to those I may hold today.

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Ryan Oda (RB-23073) is a Real Estate Advisor with Forward Realty (RB-19423) in Honolulu, HI.