With prices on the rise in almost every neighborhood across the island, we've heard some would-be homeowners wonder aloud if the Oahu real estate market is heading toward a bubble. In short, the answer is no.

Locations – Hawaii’s leading real estate firm –represented the buyer of Ka-wailoa estate Hale Komodo on Oahu’s North Shore. The home, which sold for $12 million dollars, set a record for the North Shore, exceeding the previous record of $7.8 million, set in 2017, of the sale of the adjacent property to surfer Kelly Slater.

March 2018 was a big month for condos. A six percent increase in new condo listings pushed the number of available condos to nearly 1,500 units. Condo prices also hit a record high in March at $440,000, just barely edging out January’s median price of $439,000. Some good news for condo shoppers is that competition is easing up a bit, thanks to increased inventory.

Locations – Hawaii’s leading real estate firm – published its Oahu Residential Real Estate Report for March 2018. The report, which analyzes sales activity for more than 350 Oahu neigh-borhoods, concludes that Oahu condo listings increased by 16 percent, offering prospective condo owners more choices and less competition. Strong demand for Oahu condos continues, with a ten percent increase in median price to a record $440,000.