Financing October 11, 2022

Historical conventional 30 year fixed Mortgage rate & Median sale price trends August 2022 in Hawaii

6%  – Highest rate Since April 2009

Here are the Median Sale Price Trends for All Counties – August 2022

 

Oahu:

  • The single family residence (SFR) Median Sale Price increased 7.19% from the month of August 2021.
  • The SFR Median Sale Price increased slightly at 1.58% from July 2022.
  • There were 314 closed SFR sales in August 2022 – a decrease of 26.12% from the month of August 2021
  • The number of SFR closed sales in August 2022 has a slight increase of 0.64% from July 2022.

–    The condominium Median Sale Price had a slight decrease of 0.30% from the month of August 2021.

–    The condominium Median Sale Price decreased slightly at 0.30% from July 2022.

–    There were 508 closed condominium sales in August 2022 – a decrease of -24.74% from the month of August 2021.

–    The number of condominium closed sales in August 2022 has a slight decrease of 1.93% from July 2022.

 

Maui:
The Median Sale Price for SFR’s decreased 5.88% from the month of August 2021 and had a larger decrease of 10.79% from July 2022.

The Median Sale Price for condominiums increased 26.64% from the month of August 2021 and had a smaller increase of 3.86% from July 2022. There were large decreases in number of sales for both SFR’s and condominiums from the month of August 2021 but were relatively stable from July 2022.

 

Hawaii:
The Median Sale Price for SFR’s decreased 2.02% from the month of August 2021 but increased 6.59% from July 2022. The condominium Median Sale Prices decreased 24.62% from the month of August 2021 and decreased 16.67 from July 2022.

 

Kauai:
The Number of sales on Kauai is generally low, therefore, there’s usually more volatility in data. The SFR Median Sale Price increased 5.16% from the month of August 2021 but decreased 19.85% from July 2022. The condominium Median Sale Price increased by 3.77% from the month of August 2021 but decreased 48.14% from July 2022.