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.
Set against the backdrop of the West Maui Mountains, steeped in history, is an extraordinary estate built on a mountaintop. A location where you are connected to the rhyt...
Listing courtesy of Hawaii Life (W). Selling Office: Hawaii Life (W).
Rarely available high floor residence at Honolulu's preeminent, luxury residential property, Park Lane Ala Moana! Developed by the MacNaughton Group and Kobayashi Group, ...
Listing courtesy of List Sotheby's Int'l Realty. Selling Office: Coldwell Banker Realty.
This rarely available, high 7th floor Sky Residence at Park Lane Ala Moana, Honolulu’s preeminent luxury residential property represents a single-family home experience i...
Listing courtesy of Hawaii Life. Selling Office: Coldwell Banker Realty.
Sold before listed.
Listing courtesy of Deep Blue HI. Selling Office: Deep Blue HI.
Located on one of Kailua's premier Beachside streets this sophisticated beachfront property has just undergone a permitted high-end modern reconstruction. Prime unobstruc...
Listing courtesy of Carvill Sotheby's Intl. Realty. Selling Office: Berkshire Hathaway HmSvc HI RE.
Experience the ultimate beachfront lifestyle with this stunning 2022 remodeled residence in the highly coveted Lanikai neighborhood. Boasting the best and widest white sa...
Listing courtesy of Corcoran Pacific Properties. Selling Office: Corcoran Pacific Properties.
HURRY! This is an AMAZING PRICE AND OPPORTUNITY to own on a PRIME Diamond Head Oceanfront Location, below construction/land acquisition costs! Enjoy GORGEOUS ocean views ...
Listing courtesy of Hawaii Life. Selling Office: Moana Realty LLC.
Peaceful Living by the Sea... Retreat in comfort & enjoy legendary coastline views from this magical 4-BD Island HM situated on a sprawling oceanfront parcel of 1.07 acre...
Listing courtesy of Coldwell Banker Realty. Selling Office: Coldwell Banker Realty.
Featured on the Hawaii-Five-O series, this gorgeous home exhibits the modern luxury of captivating Kahala and was masterfully designed to show the exquisite craftsmanship...
Listing courtesy of Coldwell Banker Realty. Selling Office: Non-MLS.
Construction will soon begin on this brand new Penthouse at The Ritz-Carlton Residence Waikiki Beach. This two story Penthouse with 2,823 square foot of interior space wi...
Listing courtesy of Corcoran Pacific Properties. Selling Office: List Sotheby's Int'l Realty.
Makena is the consummate south Maui location, nature focused with a true Hawaiiana feel, tranquil and rural yet only minutes from Wailea. A gated entry, steps from the e...
Listing courtesy of Hawaii Life (W). Selling Office: Hawaii Life (W).
Prime Kahala estate located on Aukai Avenue! This 5 bedroom, & 7 bathroom luxury home boasts high ceilings with a welcoming, spacious floor plan. Marble floorings, Wolf...
Listing courtesy of Keller Williams Honolulu. Selling Office: Compass.
An elegant, comprehensive renovation by Bower Development, including all new Low-E Solar Ban Marvin windows & PRL perimeter sliders, was completed in 2019. With iconic pa...
Listing courtesy of Maui Real Estate Advisors LLC. Selling Office: Compass.
Free standing, two story commercial office building in Kaimuki located next to the Texaco gas station. Situated across from a municipal parking lot between 11th and 12th ...
Listing courtesy of Caron B Realty. Selling Office: Real Estate Strategies, LLC.
Contemporary recently remodeled estate in exclusive Oma'opio Ridge. Picturesquely positioned in Kula on the lower slopes of Haleakala with idyllic location and elevatio...
Listing courtesy of Coldwell Banker Island Prop(S). Selling Office: Coldwell Banker Island Prop(S).
Beautiful Building, Excellent Rents! Three story concrete apartment building blocks from Waikiki Beach and Kapiolani Park located on a non-through street = lower non-resi...
Listing courtesy of Commercial Inv. Strategies. Selling Office: Non-MLS.
THE JEWEL OF MAUI MEADOWS New Year, New Price, New Offering! Extremely private family retreat offers the best sweeping and unobstructed ocean views available in Maui Mead...
Listing courtesy of Compass. Selling Office: Coldwell Banker Island Prop(S).
116 Pulelehua Street is perfectly situated behind the 7th tee box of the popular Kapalua Bay Course with the classic westerly orientation down the 6th fairway to Molokai ...
Listing courtesy of Keller Williams Realty Maui-L. Selling Office: Keller Williams Realty Maui-L.
Modern and sophisticated renovations in 2021 with a 10ft deep saltwater swimming pool. Enjoy the sweeping ocean views from the living rm w/floor-to-ceiling sliding doors ...
Listing courtesy of Compass. Selling Office: Locations LLC.
North Shore Luxury Living Redefined. The epitome of upscale living amidst Maui’s famed North Shore, 110 Mehana Road offers spectacular ocean views, incredibly landscaped ...
Listing courtesy of Island Sotheby's Int'l Rlty(W). Selling Office: Compass.
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.