Hawaii Average Homes Prices on the Rise
As expected, Hawaii is once again among the most expensive state in the nation to purchase a home.
A national report produced by Coldwell Banker lists the average asking price for a 4 bedroom, 2 bath home in Hawaii at $904,954. Compared to last year, the average asking price is up more $250k since last year.
Our vacation rentable condo listing at Kamaole Sands
Hawaii’s average asking price is $325,000 more than the second-priciest state,Massachusetts; the average four-bedroom costs $577,855. The average home price in Honolulu is $1.2 million, the highest in the state but 14th-highest among municipalities nationally.
The Coldwell Banker report lists the priciest market to buy a home in 2016 is Saratoga, California where the average asking price for a 4 bedroom is $2.5 million. California markets are some of the priciest neighborhoods to get into with 6 of the 10 most expensive markets nationally falling in the tech hub Silicon Valley.
Our Maui Meadows listing that entered escrow almost a week after hitting the market
Meanwhile, Hawaii markets with the exception of Honolulu saw “affordable” housing prices, but those prices still increased from 2015. The average price of a 4 bedroom in Kapolei is $708,000, 106th highest in the nation; up from $569,000 in 2015. The average price in Ewa Beach is $653,000, compared to $597,000 in 2015.
Across the nation, the most affordable market nationally is Detroit, where the average price of a 4 bedroom is $64,000. Cleveland fell as the 2nd most affordable location with an average list price of $73,000.
Kihei Condos For Sale
715 S KIHEI RD #108
2191 S KIHEI RD #1401
777 S KIHEI RD #112B
Wailea Condos For Sale
3300 WAILEA ALANUI DR #28A
155 WAILEA IKE PL #137
3300 WAILEA ALANUI DR #6C
Contact a South Maui Real Estate Specialist
Our team has had the distinct pleasure of being able to be part of the Ho’olei community since its inception in 2005. We’ve been located on site 7 days a week for the past 5 years. It truly brings a smile to my face seeing first time guests, returning clients, and full-time residences embrace and wholeheartedly love their Maui lifestyle.
Ho’olei’s spacious community pool
We’d like to extend an invitation to you to feel free and stop by the on-site Ho’olei real estate information office, which is open daily, before the reservation desk, from 9:00AM – 5:00PM.
Mahalo,
Anthony Sayles R(S) 808-280-6532 Anthony@DanoSayles.com