Investors from all-over the world purchase real estate in Hawaii each year because Hawaii offers the most beautiful weather, scenery and people. If you are considering owning real estate in Hawaii, you may like to call on the professional real estate agents of Del Osman Realty Inc. This firm is managed by Kay F. Osman, R, CRB, CRS, GRI, one of the most knowledgeable and experienced realtors in Hawaii who is known for her service, integrity and innovation. On the other hand if you are looking for the maximum exposure for your real estate in Hawaii, Del Osman Realty is ideal because of its outstanding web site exposure and its physical location in the heart of Honolulu, Hawaii. Del Osman Realty Inc., provides complete resale brokerage service and property management. Let our real estate professionals show you what Hawaii has to offer in your price range and the location you prefer.

This site features a large variety of Hawaii real estate listings, houses and condos for sale. It also contains several photo tours, maps and a wealth of information about Hawaii. Del Osman Realty Inc. is a Hawaii real estate firm specialized in residential and commercial propertiesHawaii real estate, Honolulu real estate, Hawaii homes for sale, Condos, Listings, Property management, Hawaii realtor, CRB, CRS, GRI, Single family home, Condominium, House, Apartment, condo, fee simple, Hawaiian Islands

What is the Average Cost of Homes in Hawaii?

Introduction

For most purposes the City & County of Honolulu is defined as the Island of Oahu. It is the center or business and government for the State of Hawaii. It is the smallest of the four counties in geographical size, but has about 75% of the state's population. Downtown Honolulu is Hawaii's financial center. Waikiki , the world-famous tourist destination, is only a few miles away.

Total land area  on Oahu is 403,154 acres (597.1 sq. miles). 67.9% of the Island is privately owned (273,590 acres). 24% of the privately owned land is in the hands of of 7 large trusts and organizations. Bishop Estate alone owns 336,372 acres.

The State of Hawaii owns 17.2% of the total land on Oahu (69,541 acres), the Federal Government controls 12.1% (48,861 acres), The City & County of Honolulu 2.8% (11,162 acres).

There are 288,805 housing units on the Island, 123,082 units of which are owner occupied (1992). There were 165,723 units renter-occupied or vacant in the same year. The average monthly rent was $1040.

Family housing budget in Honolulu is about 29% above the urban average on the U.S. Mainland (U.S. Bureau of labor).

Here are the Median Sales Prices in Hawaii

2nd Quarter of 1999 by Area

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Median Sales Price for all the Island of Oahu in Q2: 1999 was $289,500 for single family homes and $122,000 for condominiums (Honolulu Board or Realtors). The above map shows the Median Sales Price for homes on the Island of Oahu by area as reported by the Honolulu Board of Realtors. It is important to know the meaning of Median: It is a mathematical term which describes the Midpoint of a series of numbers sorted in order. It is the number in the Middle of the series so that Half of the numbers are less than the Median and half are above. For example if five homes were sold for the following prices: $100,000, $100,000, $200,000, $700,00 and $900,000. The Median Sales Price is the one in the middle which is $200,000. The average price will be $400,000. The Median Sales Price (MSP) is always used when reporting sales prices.


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We provided this material for informational and educational purposes only. This material is not intended as an offer to sell, rent or advertise real estate outside the State of Hawaii. Del Osman Realty Inc., does not make any representations or warranties concerning the properties mentioned in this site. Property description and other data is from a reliable source - the Multipe Listing data base - but not guaranteed.


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