HAWAII CITY — The latest on the state of Hawaii realtors with the Honolulu Real Estate Association (HREA) in a report released Tuesday.
Hare’s Island: The median home value in Honolulu is $1.5 million, the median price in the region is $3.9 million, according to HREA.
That’s the highest median price of the four Hawaii regions tracked in the report.
The median price was $2.7 million in March 2017.
The HREa report also found that Hawaii’s median income is the second highest in the country, at $55,879.
Hawaii realtresses were able to increase median incomes and median home values to $1 million and $2 million in 2016, respectively, compared to the previous year, when median incomes were $1,700 and $1 and median prices were $3,921.
The HREas report comes at a time when many of Hawaii’s local realtress are in foreclosure, including in Honolulu, which has experienced a significant spike in foreclosures.
The number of foreclosing landlords has surged more than 50 percent in the last two years, with the number of people who are in the foreclosure business at a record high, according a report by the real estate firm.
Hawaiian realtressing is expected to make up about 10 percent of the state’s economy in 2020.
Thats about double the rate of the rest of the country.HERE ARE SOME OF THE RICHEST HAWAIIS:Top 10 Hawaii realtor salaries:Top 25 most expensive realtor jobs:Top 20 most expensive Hawaii realty jobs:Hawaii Real Estate Associations and Real Estate Boards of Trustees, which represent the top real estate professionals in the state, said that the number one job for Hawaii realties was a full-time sales agent, while the second-most-expensive was a marketing executive.