Your home in Hawaii
Hawaii's housing market has been experiencing price declines and weakness in sales, presenting new opportunities to homebuyers. Explore Hawaii's properties and find the right home. View Hawaii's active real estate listings with our Oahu MLS search.
Click a neighborhood link on the left and checkout the area maps, driving instructions and public schools information. For users' convenience, the lowest priced homes for a given neighborhood are at the top of the list. Scrolling down the listings leads you to the higher priced properties.
Visit our Hawaii Real Estate Frequently Asked Questions page for answers to your real estate questions.
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What's an MLS?
MLS is an abbreviation for "Multiple Listing Service." These are the services that provide listing information to realtors and their customers throughout the country. Each region has its own MLS system. In Hawaii, the largest MLS system is operated by the Honolulu Board of Realtors. Listings are primarily for the island of Oahu. They also have listings for Maui, Kauai and the Big Island. As a member of the Honolulu Board of Realtors, Mike Bates is able to present the listings on this website for public access.
Experience with Hawaii's real estate market
Mike Bates is a Realtor Associate with Savvy Realty & Loans, in Honolulu, Hawaii. Are you looking for a realtor that knows Hawaii? Mike's lived on Oahu for over 25 years. He's also lived on Maui, the Big Island and Molokai. Mike's primary market is Oahu properties. Our most current listings are at Waialae, Punaluu and Waikele.
Buying homes in Hawaii
We assist residents and newcomers alike in finding homes. We can help you decide what location and home fits your lifestyle and budget. Mike is ready to help with your home purchase and offers a $500 buyers rebate, guaranteed in writing. See our Hawaii Home Buyers page for more information.
Selling your Hawaii home
Our marketing program includes extensive internet advertising as well as the local newspapers. Your property will be a featured listing on our website. Thousands of homebuyers will see your home when they search for Hawaii real estate. Find out more by visiting our Hawaii Home Sellers page.
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Released: Tuesday, June 2, 2009
HONOLULU - The Honolulu Board of REALTORS® released resale figures today for the month of May. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are:
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May 2009 Residential Resales Statistics for Oahu | |||||||||
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Condominium Resales | |||||||||
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*Median price means half the prices were above and half below the given price. | |||||||||
During May, sales of 225 single-family homes and 263 condominiums were reported through the Board's MLS, decreases of 10.7 percent for single-family homes and 31.2 percent for condominiums, compared to the same month last year. This brings total single-family home sales on Oahu to 853 for the first five months of 2009, a decrease of 27.8 percent over the same time period one year ago. Total condominium sales through April were 1,087, a 39.7 percent decrease from last year. The median prices paid for Oahu properties in the first five months of 2009 were $570,000 and $305,000, respectively, decreases of 9.5 percent for single-family homes from the same time period in 2008 and 7.6 percent for condominiums. The year-to-date total dollar sales volume generated in the housing market, through May, was $948.3 million, a decrease of 43.2 percent, or $721.8 million, compared to the $1.670 billion produced one year ago.
"The Oahu residential housing market is still weak but there are indications that we may be near the bottom," said Sandra "Sam" Bangerter, President of the Honolulu Board of REALTORS®. "Single-family home sales rebounded a bit in May and the sales speed of 49 days was faster than at the same time last year. While prices were lower for single-family dwellings, the condominium median price has been holding quite steady at just over $300,000. These are just some of the signals that our housing market may be starting to return to normalcy."
"Mainland cities have experienced significant inventory bloat and, with limited demand, this is the culprit in their falling prices," added Harvey Shapiro, Research Economist at the Honolulu Board of REALTORS®. "The fact that Oahu's inventory of available properties continues to be low is the important factor that is keeping our prices more stable. Prices in some single-family home neighborhoods, like Hawaii Kai and Mililani, are have decreased less than 7 percent, while prices in some condominium neighborhoods, like Kapahulu-Diamond Head, Ala Moana-Kaka'ako and Kailua, actually rose in May. In an otherwise lackluster housing market, these positives may predict a turnaround for real estate, even as the state's economic conditions continue to deteriorate."
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The Honolulu Board of REALTORS® also released annual resale figures for 2008:
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During 2008, the number of sales declined from one year ago and the median price paid for a single-family home decreased by 3.0 percent and the median condominium price was unchanged from 2007. The following table provides the annual 2008 median prices for the Oahu neighborhood groups.
| GEOGRAPHIC AREA | SINGLE FAMILY HOMES | Change | CONDOS | Change |
| Metro Oahu (Town) | $ 722,500 |  |
$ 320,000 | NC |
| Diamond Head | $ 936,000 |  |
$ 437,500 | |
| Hawaii Kai | $ 850,000 | |
$ 539,000 | |
| Kailua | $ 774,500 | |
$ 415,000 | |
| Kaneohe | $ 663,800 | |
$ 400,000 | |
| North Shore | $ 797,500 | |
$ 360,500 | |
| Central Oahu | $ 580,000 | |
$ 307,500 | |
| Leeward Coast | $ 380,000 | NC | $ 154,000 | |
| Ewa | $ 465,000 | |
$ 299,000 | |
| Makakilo | $ 560,000 | |
$ 299,000 | |
| Waipahu | $ 550,000 | |
$ 280,000 | |
| Pearl City | $ 627,300 | |
$ 302,900 | |
