Have you ever wondered how real estate agents determine how much your property is worth? The most important tool to have when determining a properties value is having access to MLS data with recent sold data. Professional real estate agents use MLS sold listings to help them evaluate your properties value. When trying to evaluate your home or investment property’s value, it is important to weigh in certain attributes. Important factors are your home's location, condition, total size, lot size, views, etc. Also, the most recent comparable properties are best for determining a home’s value. If a home sold over a year ago in your neighborhood, it is probably not a good comparable to look at. Properties sold within a few months of today’s date are best.
The location of your property is important. Comparing properties in the same neighborhood, but different locations in the neighborhood, it can make a big difference on the property’s value. For example, if one property is located near the freeway and there is a lot of highway noise, and the other property is on a quiet cul-de-sac, the property in a quiet location will most likely sell for more money, if all other factors are similar. A corner properties may sell higher than a property with homes on each side. A home with no neighbors in the rear yard can be more valuable than one with a rear yard neighbor.
A home's condition is extremely important when evaluating the value. A home with a brand new $50,000 kitchen and bathroom remodel will most likely sell higher than a similar home with a 30-year old kitchen and bathroom. Most buyers get financing to purchase their home. If a home needs a lot of work, some buyers typically do not have the capital or the time to remodel their new home and therefore, a remodeled home can have a premium price. If your over-improve your home for its neighborhood and price point, you may not get the money you spent on improvements. Deciding to remodel can be tricky. Sometimes it is best to make minor cosmetic updates than spending a lot of money remodeling your property. It is a matter of opinion on what upgrades or cosmetic updates are helpful in selling a home. It is important to have an experienced agent to help you with these decisions before you overspend or spend money in the wrong upgrades. When searching sold Oahu single-family homes, condos or townhouses with Hawaii Homes International website, our MLS feed will provide sold properties with pictures. Pictures can give you an overview of the comparable homes that sold condition to help you determine your home’s value.
Another factor in determining your home's value is the view. A similar single-family home, condo or townhouse with fabulous ocean views will typically get a higher price on Oahu. An example of extreme differences in view is a condo in high-rise buildings located in Honolulu. Two similar condo units, one on the third facing another building would not get the same price as a unit on the fortieth floor facing diamond head and the ocean. Hawaii views can be spectacular and they can make a big difference in value. Sometimes it can be difficult to determine view premiums. The best comparable when trying to evaluate a condo in a high-rise is by comparing sold units in the same building. Unfortunately, there are times when it is difficult to find a recent sale with the same view. Comparing the same high-rise condo building is also important since each high-rise building has different amenities, different monthly maintenance fees and built in different years.
The size of your home, condo, or townhouse is also important. Since it is difficult to find the same exact size home and lot that recently sold in your neighborhood or building, many people will estimate the value by using a price per square foot. If all the comparable MLS sales are selling for $100 per square foot in your neighborhood or building, you may be able to estimate the value using this formula. Although this may seem logical, it is not always accurate. Two similar homes or condos with different sizes may sell for different prices per square foot. For example, smaller homes, townhouses, and condos tend to sell for a higher price per square foot than larger properties in the same neighborhood. For single-family homes and townhouses, the lot size can also be a big factor in the price per square foot. For obvious reasons, a single-family or townhouse with a larger lot will sell for more than one with a smaller lot. This could impact the price per square foot dramatically. Also, the condition could make a big difference in the sale price per square foot. Even two condos that are exactly in the same condition and have the same view, can sometimes sell for a different price per square foot. Typically, a large condo can sell for less per square foot than the smaller ones. Therefore, using an average sales price per square foot for all comparable sales in your neighborhood or condo building is not always accurate.
We provide you, free of charge, access to MLS sold listings here. Just search for the sold properties that are similar to yours and view the details and pictures. An experienced real estate agent can help you with all the difficult task of estimating your home’s value. At Hawaii Homes International, this service is free. Listed below are the 20 most expensive properties sold through MLS in the last 30 days on the island of Oahu, Hawaii.
Modern design is a refreshing find on Maui. This private two-acre estate in Makena complements the natural elements and is connected to the land. “Makena” translates fro...
Listing courtesy of Hawaii Life (W). Selling Office: .
Beach House Chic. This newly constructed property boasts 99 linear feet of sandy beach frontage and 180 degree views of Kailua Bay. The chef’s kitchen is the focal point ...
Listing courtesy of Devcon Pacific Properties LLC. Selling Office: Coldwell Banker Realty.
***Broker assisted in the sale of the Unit that was not listed for sale on MLS.***
Listing courtesy of General Public. Selling Office: .
With a simple elegant aesthetic, attention to detail, & meticulous planning to capture the essence of tropical living, this Hawai’i home sets a new bar for contemporary l...
Listing courtesy of Hawaii Life. Selling Office: Corcoran Pacific Properties.
New, unique 2-level Diamond Head and Ocean view corner residence boasts over 5000 sf of indoor/outdoor living with a PRIVATE 2000sf lanai that features a plunge pool, hot...
Listing courtesy of Oceanfront Realty Int'l Inc.. Selling Office: Seven Signatures International.
The buyer will enjoy brand new windows in this unit! Paid for by seller, this fulfills the AOAO’s window replacement mandate of January 2018. Phenomenal, artisan quali...
Listing courtesy of Wailea Point Realty, Inc.. Selling Office: .
Astounding 20 Pu'ukani Place, private road with beachside living perfected. This mid century single level 4 baths, 3 bedroom main home features fireplace and huge uninte...
Listing courtesy of Berkshire Hathaway HmSvc HI RE. Selling Office: Devcon Pacific Properties LLC.
Direct beachfront living at your own private sanctuary, just a short beach walk from The Kahala Hotel. Located at the end of private lane this contemporary two-story home...
Listing courtesy of Compass. Selling Office: Corcoran Pacific Properties.
Outstanding direct oceanfront location with stunning, panoramic ocean views! Enjoy the premier Maui lifestyle in this private, spacious, fully furnished 3 bedroom, 4 bath...
Listing courtesy of Coldwell Banker Island Prop(S). Selling Office: .
This stunning 81 acre oceanfront property located in Hana, Maui, adjoins the Travassa Hotel & Spa. Comprised of several parcels, the approximate ½ mile of coastline rise...
Listing courtesy of Island Sotheby's Int'l Rlty(M). Selling Office: .
Stunning single level golf course frontage, executive HM offers numerous custom details. The Great Room welcomes you w/impressive 12’ceilings & built-in display cabinetry...
Listing courtesy of Coldwell Banker Realty. Selling Office: Portfolio.
1421 Front Street is the first ocean/beach front 'Front Street' home built in the 2000's ever offered for sale. Located on the North end of Front Street within walking di...
Listing courtesy of Berkshire Hathaway Maui Prop-L. Selling Office: .
Stunning residence at the most sought-after building on the Gold Coast! Extraordinary, contemporary 2 Bd, 2 Bath + large study apartment at the ocean’s edge offers expans...
Listing courtesy of Coldwell Banker Realty. Selling Office: Coldwell Banker Realty.
Rare oceanfront gated estate on a sandy beach with approximately 21,400 square feet of land features a two-story home, four bedrooms plus a den, including a separate gues...
Listing courtesy of Coldwell Banker Realty. Selling Office: Coldwell Banker Realty.
Opportunity knocks and now is the perfect time to step up and make your dreams a reality. This meticulously maintained Penthouse unit is perched high above Wailea Beach, ...
Listing courtesy of Coldwell Banker Island Prop-Ku. Selling Office: .
Located on the green belt in exclusive Wailea Golf Estates, this spacious home boasts three bedrooms & 4.5 baths. The home office may serve as a fourth bedroom. Built in ...
Listing courtesy of Coldwell Banker Island Prop(S). Selling Office: .
Over 3/4 of an Acre with this prestigious one of a kind 8,178 square foot home with 8 bedrooms, 8 1/2 baths designed by Master Architect Rick Ryniak and built by Gary Dix...
Listing courtesy of Coldwell Banker Island Prop-KP. Selling Office: .
256 Noho Like Way in Wailea Highlands offers you the rare opportunity to savor Wailea living raised to a higher elevation. This single-level, 4 bedroom home has graceful ...
Listing courtesy of Coldwell Banker Island Prop(S). Selling Office: .
The ultimate penthouse beachfront location is finally available in Kaanapali. Magnificent sweeping ocean views from the top floor inner courtyard at the Kaanapali Alii. T...
Listing courtesy of Keller Williams Realty Maui-L. Selling Office: .
Oceanfront and beachfront living at its finest, Coconut Grove unit 26 is a treasured position above the world famous beautiful crescent sandy beach of Kapalua Bay is wher...
Listing courtesy of Hawaii Life (KAP). Selling Office: .