2017 dominated over its predecessor with a 12% increase in the number of sales, closing at 1,242 as opposed to 1,109 in 2016. The total sales volume of 2017 was up nearly $39M (4.5%) from the previous year, ending the year at $894,852,716. Islandwide, 2017’s residential median sales price climbed nearly 6% to end at $660,000 with the south shore and north shore continuing to be the two most expensive areas to purchase. Looking at 2017’s recorded luxury property sales of $3M and above, there were 24 sales. For $5M and above, there were 7 in 2017.
2017 North Shore Condos
In 2017, there were 112 north shore condo sales; a 26% increase over 2016. Total sales volume was up almost 14%, ending at just over $65M. The 2017 median sales price for north shore condos was $521,000. As of 01/03/2018, the least expensive fee simple condo is $425,000 and the most expensive condo is Kaiulani #34, offered at $2,299,000.
2017 North Shore Homes
Overall in 2017, there were 128 homes sold on on the north shore, which is only 5 less than 2016. The sales volume for north shore homes saw a 16% decrease with the 2017 sales volume totaling $204,203,063. The median sales price in 2017 for north shore homes was up slightly (1% over 2016) at $1.15M. As of 01/03/2018, the least expensive fee simple house is $695,000 and most expensive residence is on Kauapea Road, offered at $70M.