SALES VOLUME UP IN OCTOBER FOR MAKAHA-NANAKULI SINGLE-FAMILY HOMES AND WINDWARD CONDOMINIUMS
Single-family home sales and condominium sales for October were positive nearly island-wide according to the monthly local market update from the Honolulu Board of REALTORS®. The most notable increases include single-family home sales in MakahaNanakuli and condominium sales in the Windward area.
This October, the Makaha-Nanakuli market saw a 52% increase in sales activity with 35 closed sales of single-family homes, compared to 23 closed sales the same time last year. The area accounted for approximately 10% of all single-family home sales for the month. While the median price declined slightly by 4% to $475,000, new listings were up by 29% with 45 new listings compared to 35 in October 2018. Year-to-date sales in the region remained slightly down from 2018 while the year-to-date median price is up slightly at $500,000.
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