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.
Unit sold before listed. This unit is part of the Makena Golf and Beach Club project. This unit type and floor plan is called a Beach Cottage
Listing courtesy of Discovery Makena Realty, LLC. Selling Office: General Public.
Unit sold before listed. This unit is part of the Makena Golf and Beach Club project. This unit type and floor plan is called a Kula Villa.
Listing courtesy of Discovery Makena Realty, LLC. Selling Office: Hawaii Life (W).
Welcome to the Park Lane lifestyle, where luxury meets island living. This exclusive three-bedroom Courtyard Residence on the 4th floor of Park Lane is the ultimate in lu...
Listing courtesy of Limit Realty, LLC. Selling Office: Sachi HI Pacific Century Prop..
Unit sold before listed. This unit is part of the Makena Golf and Beach Club project. This unit type and floor plan is called a Kila Villa.
Listing courtesy of Discovery Makena Realty, LLC. Selling Office: General Public.
Unit sold before listed. This unit is part of the Makena Golf and Beach Club project. This unit type and floor plan is called a Kula Villa.
Listing courtesy of Discovery Makena Realty, LLC. Selling Office: General Public.
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Listing courtesy of Real Select International LLC. Selling Office: Hawaii Living LLC.
Welcome Aboard!! Cruise ship inspired architecture on spectacular 17,207 square feet of beachfront property on famed Kailua Beach. Home has a nice, big backyard whic...
Listing courtesy of Coldwell Banker Realty. Selling Office: Coldwell Banker Realty.
Hawaiian living at its finest! This cliff side property is perched over the sea, capturing dynamic ocean and full sky views from nearly every room. The gated property is ...
Listing courtesy of Compass. Selling Office: Sullivan Properties Inc.
NEW LISTING!! Experience the epitome of luxury urban living with this impeccably designed 3 bdrm/2.5 bath residence in highly-sought after Park Lane Ala Moana in the hear...
Listing courtesy of BHGRE Advantage Realty. Selling Office: Heyer & Associates LLC.
Welcome to Lanikai oceanfront with direct Mokulua Island views. There is no shortage of Kamaaina charm on this property. The two separately metered structures are framed ...
Listing courtesy of Carvill Sotheby's Intl. Realty. Selling Office: Carvill Sotheby's Intl. Realty.
100 Hawane Loop in Mahana Estates is unrivaled setting a new standard of Modern Hawaiian Luxury. Perfectly located on the premium Lot 1, a 1.3-acre estate with spectacula...
Listing courtesy of Keller Williams Realty Maui-L. Selling Office: Coldwell Banker Island Prop-KP.
***SELLER FINANCING!!! 80% LTV - 6% Interest Only Payments - CALL FOR TERMS*** Welcome to the epitome of Luxury Vacation Living with these 2 rare units in the ONLY Si...
Listing courtesy of RE/MAX ALOHA HOMES. Selling Office: HomeSmart Island Homes.
Welcome to Kahala's Mediterranean masterpiece on Aukai Avenue, a haven for luxury living and entertaining. This custom home boasts a gourmet kitchen with Viking, Sub-Zero...
Listing courtesy of Berkshire Hathaway HmSvc HI RE. Selling Office: Berkshire Hathaway HmSvc HI RE.
Welcome to a luxurious, private resort on prestigious Kahala Ave directly across from Kahala Beach. For a buyer with impeccable tastes who enjoys craftsmanship in their h...
Listing courtesy of Caron B Realty. Selling Office: Starts International HI, Inc..
THE BEACH HOUSE - LIVE, LOVE, LANIKAI! Wake to mesmerizing coastline views overlooking brilliant turquoise waters and the twin Mokulua Islands beyond from this sprawling...
Listing courtesy of Coldwell Banker Realty. Selling Office: Carvill Sotheby's Intl. Realty.
Indulge in island living with this exquisite Hawaiian style home, nestled within the coveted Launiupoko neighborhood. Surrounded by the majestic West Maui Mountains, this...
Listing courtesy of Compass. Selling Office: Coldwell Banker Island Prop(S).
100% leased 12-unit apartment building in a well-located part of Makiki. Excellent stabilized cash flow opportunity which is turnkey for an investor. The property underw...
Listing courtesy of Standard Management LLC. Selling Office: Non-MLS.
ISLAND LIFE BY THE SEA… It’s all about the location and this Diamond Head home checks all the boxes if you dream of waking to a life by the sea, swimming in the azure wa...
Listing courtesy of Coldwell Banker Realty. Selling Office: BHGRE Advantage Realty.
Welcome to this custom, executive, 5,700 s.f. under-roof residence in the revered & gated Kulamalu Hilltop subdivision. Situated on the preeminent, spacious, westernmost,...
Listing courtesy of Maui Real Estate Advisors LLC. Selling Office: Hawaii Life (KAP).
Island Allure from a Captivating New Vantage Gently commanding the top floor of the villa building, the sublime penthouse residence offers approximately 2,587 square feet...
Listing courtesy of Polaris Pacific. Selling Office: Polaris Pacific.
Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2023 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.