HONOLULU (KHON2) — For the second consecutive month, home prices on Oahu have dropped — only by a few percentage points. Even though the housing prices are the most expensive in the country, experts say it’s still a good time to make a move.
A home in Makiki Heights was just put up for sale. It’s listed for $4.3 million, five bedrooms, three full baths, fully renovated with views Diamond Head to the airport.
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“I don’t anticpate it necessarily flying off the shelves but it is a fantastic home with a lot of bells and whistles,” Trevor Benn, Honolulu Board of Realtors president.
According to the latest statistics from the Honolulu Board of Realtors, the median sales price for single family homes dropped this July by nearly 6% compared to the same time last year. The number of sales also dropped by more than 7%. Realtors say one month does not make or break the market…