Hawaii News Now: Analysis: 1 in 5 homes on Oahu worth $1M or more

(Source: Hawaii News Now)

November 8, 2018

HONOLULU (HawaiiNewsNow) – One in five homes in Honolulu are now worth $1 million or more, according to new analysis released Thursday.

Real estate website Trulia ranked Honolulu’s housing market fourth in the nation for having one of the largest increases in homes worth $1 million or more in 2018.

In a year’s time, the number of homes in Honolulu worth $1M or more increased 3.6 percent.

Meanwhile, new figures from the Honolulu Board of Realtors say that Hawaii’s median home price is $800,000.

Despite Honolulu’s surge in expensive homes, three California cities ranked higher – San Jose, San Francisco, and Oakland.

In first place, 70 percent of homes in San Jose are worth $1 million or more.

To check out the full report, click here.

Via: Hawaii News Now

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