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Honolulu, HI Real Estate News

By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
The Colony Surf is a direct oceanfront building on Honolulu's Gold Coast at Diamond Head. It's really hard to beat this location because you can right out the door and access the beach at Kaimana. You can also cross the street and be at Kapiolani Park... Read More
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Diamond Head & Kapahulu Honolulu, April 2024   Single Family Homes April Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 16 / 13  23% 48 / 39  23% Median Sales Price $1.1825M / $1.35M  -12%    $1.295M / $1.35M  -4%  Percent of Original List Price Received 95.8% / 95.8%  0% 96.9% / 94.4%  3% Median Days on Market Until Sale 14 / 25  -44% 15 / 27  -44% New Listings 11 / 10  24% 65 / 54  20% Pending Sales 14 / 12  17% 54 / 56  -4% Active Inventory 43 / 36  19% ---    Condos April Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 7 / 6   17% 25 / 20  25%  Median Sales Price $620,000 / $592,500  5% $620,000 / $628,500  -1% Percent of Original List Price Received 100.0% / 94.5%  6% 99.2% / 99.5%  0% Median Days on Market Until Sale 11 /...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Makiki & Moili'ili Honolulu, April 2024   Single Family Homes April Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 9 / 8  13%   29 / 31  -6%    Median Sales Price $1.595M / $1.414M  -10% $1.595M / $1.5M  6% Percent of Original List Price Received 97.5% / 98.4%  -1% 97.4% / 97.3%  0% Median Days on Market Until Sale 23 / 9   156% 23 / 13   77% New Listings 17 / 12 42% 55 / 48  15% Pending Sales 12 / 7  71% 36 / 38  -5% Active Inventory 45 / 25  80% ---    Condos April Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 44 / 41  7% 12786  15%  Median Sales Price $422,500 / $468,800  -10%   $412,000 / $419,000  -2%  Percent of Original List Price Received 97.1% / 98.7%  -2% 97.3% / 97.8%  -1% Median Days on Market Until Sale 28 / 13  ...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
ALOHA TOWER MARKETPLACE @ HAWAI‘I PACIFIC UNIVERSITY PRESENTS NIGHT MARKETSATURDAYMAY 25, 2024,  1 ALOHA TOWER DRIVE4 P.M.- 8 P.M.In honor of the military community in Hawai‘i and its service to our country, Aloha Tower Marketplace @ Hawai‘i Pacific University presents Night Market and invites you to join us for our HPU Military Appreciation Event. The night market will be a fun and family community event, including music, food trucks, activities for kids, and retail and craft booths. And enjoy the sunset and beautiful view at HPU’s Aloha Tower campus, overlooking Honolulu Harbor. LOCATION:ALOHA TOWER MARKETPLACE,1 ALOHA TOWER DRIVE4 P.M.- 8 P.M. All military and civilian community members are welcome. special discounts for all military and veterans id holders who rsvp in advance.to rsv...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
Let me give you a quick tour of Niihau Apartments #305. This is a listing that we actually sold prior to coming to market. I wanted to give you a feel of this floor-plan. This is a 2 bedroom, 1 bath. The 2 bedrooms are a little more rare. They cap on the end units. This is (an '05) end unit and you have the '01s on the other side along Beachwalk... Read More
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
First off, if you’re looking for condos for sale in the building, everything in MLS is still called Trump Tower Waikiki. There’s a lot to choose from if you’re a buyer. There’s well over 70 Active listings in the building. So, from an inventory standpoint, not a whole lot has changed. Ever since the building was completed in 2009, it’s been notorious for having one of the highest (if not the highest) percentage of available inventory for any condo project on Oahu... Read More
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Ala Moana & Kaka'ako Honolulu, April 2024   Single Family Homes April Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 0 / 2  -100%  2 / 2  0%  Median Sales Price $0 / $1.1M   0%  $1M / $1.01M   -1% Percent of Original List Price Received 0.0% / 103.7%  0% 94.7% / 103.7%  -9% Median Days on Market Until Sale 0 / 4  0% 38 / 4  850% New Listings 0 / 2  -100% 2 / 3  -33% Pending Sales 0 / 2  -100% 2 / 3 -33% Active Inventory 4 / 0   0% ---    Condos April Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 52 / 47  11%  148 / 171 -13%  Median Sales Price $745,000 / $775,000  -4% $699,500 / $723,750  -3% Percent of Original List Price Received 96.0% / 97.2%  -1% 96.1% / 96.6%  -1%    Median Days on Market Until Sale 65 / 26  150% 50 / 35...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
First off, we're going to start off with the single family homes and there in Waialae-Kahala we saw a 700% in home sales year over year. In April of 2023, there was only 1 sale that took place and this past month, we saw 8. So, that's a 700% increase year over year...Read More
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Waikiki Honolulu, April 2024   Single Family Homes April Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales No Recorded Sales* No Recorded Sales* Median Sales Price $0 / $0  0% $0 / $0  0% Percent of Original List Price Received 0 / 0%  0% 0 / 0  0% Median Days on Market Until Sale 0 / 0  0% 0 / 0  0% New Listings 0 / 0  0% 0 / 0  0% Pending Sales 0 / 0  0% 0 / 0  0% Active Inventory 0 / 0  0% --- * Waikiki has very few single family residences and are rarely offered for sale.  Condos April Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 107 / 104  3% 344 / 355   -3% Median Sales Price $480,000 / $367,500  31% $444,000 / $416,500  7% Percent of Original List Price Received 96.0% / 97.3%  -1%  96.9% / 97.2%  0% Median Days on Market...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
Here I am at the Waikiki Shore in Waikiki and today we're going to talk about 3 reasons why now at the Waikiki Shore... Read More
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Hawaiʻi Craftsmen Raku Hoʻolauleʻa Exhibition 2024Through the month of May 12PM - 5PM - Tues, Weds, Thurs, Fri, Sat Raku Hoʻolauleʻa Exhibition 2024 will display raku-fired pottery created this year at the Hawaiʻi Craftsmen Raku Hoʻolauleʻa, an annual festival that celebrates the art of raku firing, a traditional Japanese pottery technique. The event brings together artists from across Hawaiʻi and around the world to fire their work during a 3-day beachside campout on the beautiful north shore of Oʻahu. Ninety-eight pieces of raku will be shown from 59 artists.  LOCATION:The ARTS at Marks Garage 1159 Nu`uanu Ave. Honolulu, HI 808-585-1965   EVENT CONTACT: Hawaii Craftsmen Christopher Edwards ChristopherEdwards@gmail.com 808-585-1965         For expert Real Estate Sales and Pet Friendly ...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Home Sales Up Month-to-Month, Still Lag Compared to Pandemic Housing FrenzySingle-family home buyers and sellers enter contract more quickly in AprilHONOLULU – According to resale figures released this week by the Honolulu Board of REALTORS®, April witnessed an uptick in single-family home and condo sales. Single-family home sales rose by 26.0% year-over-year, totaling 262 transactions, and by 13.9% month- over-month. Similarly, condo sales saw a 2.6% rise compared to the same time last year, totaling 431 units sold and a 25.3% increase month-over-month.Despite the momentum change, sales remained at softened levels compared to recent years. Based on a 12-month moving average of sales, April’s average was approximately 40% below the peak moving averages observed in 2021 and 2022. Compare...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
When you first come up St. Louis Drive, you'll come to an intersection that forks in the road. To the left is St. Louis Drive, which runs you up the hill and takes you to the western flank of the ridge. Then, to the right is Kaminaka Drive, which takes you to the eastern flank of the hill. They are little bit different neighborhoods and there's pros and cons about both. First, we're going to dive into the western side of the hill, then we'll come back and hit the eastern side... Read More
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
               Latest rates, based on 20 percent down, $200,000 owner-occupant mortgages. The rates and terms may vary; check with lenders for details. Rates may have changed click here to verifyWednesday, May 1, 2024  Lender Term/Type Interest Rate % Points % *APR American Savings Bank808-593-1226NMLS#423168 15-YR Fixed 6.000 1.875 6.434 30-YR Fixed 6.750 2.125 7.052 5-YR ARM 6.250 2.000 7.611 Bank of Hawaii877-616-2636 15-YR Fixed 6.625 0.750 6.745 30-YR Fixed 6.875 1.750 7.049 5-YR ARM 6.500 0.875 7.503 Central Pacific Bank808-544-0500NMLS#416603 15-YR Fixed 6.000 2.125 6.484 30-YR Fixed 6.750 1.875 7.033 5-YR ARM 7.125 0.000 7.900 Finance Factors808-548-3300NMLS#449916 15-YR Fixed 6.250 2.000 6.811 30-YR Fixed 6.875 2.125 7.244 5-YR ARM 6.750 1.500 7.884 First Hawaiian Bank808-643-4...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
The tradition of lei-making continues at The 96th Lei Day Celebration! from 9 a.m. to 5 p.m. on May 1 at Kapi‘olani ParkO‘AHU – Mayor Rick Blangiardi and the Honolulu Department of Parks and Recreation (DPR) welcome everyone to celebrate one of the most recognized symbols of aloha during the 96th Lei Day Celebration! The tradition honoring Native Hawaiian culture and all things lei will be held on Wednesday, May 1, 2024 from 9 a.m. to 5 p.m. at the Kapi‘olani Park Bandstand.This year’s Lei Day theme of Komo mai kāu māpuna hoe (Dip your paddle in), invites everyone to enjoy this free event showcasing the skill and artistry of Hawai‘i’s lei makers. The event also features fantastic local entertainment and performances from hula halau. The following is the schedule of events at the bandsta...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Downtown and Nu'uanu Honolulu, March 2024   Single Family Homes March Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 4 / 3  33% 11 / 11  0% Median Sales Price $1.285/ $1.31M -2% $1.275M / $1.148M  11% Percent of Original List Price Received 90.6% / 86.7%  4% 96.0% / 93.3%  3% Median Days on Market Until Sale 74 / 9  722% 41 / 17  141% New Listings 6 / 7  -14% 18 / 21  -14% Pending Sales 10 / 5  100% 19 / 11  73% Active Inventory 17 / 23   -26% ---    Condos March Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 20 / 32  -38% 67 / 89  -25% Median Sales Price $404,250 / $590,500  -32% $500,000 / $583,000  -14% Percent of Original List Price Received 97.5% / 99.2%  -2%  98.1% / 97.8%  0% Median Days on Market Until Sale 18 / 17  6%...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Diamond Head & Kapahulu Honolulu, March 2024   Single Family Homes March Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 14 / 13  8% 32 / 26  38% Median Sales Price $1.4325M / $1.675M  -14%    $1.4075M / $1.3275M  6%   Percent of Original List Price Received 98.3% / 94.9%  4% 97.3% / 94.4%  3% Median Days on Market Until Sale 11 / 54  -80% 16 / 32  -50% New Listings 11 / 10  10% 44 / 37  19% Pending Sales 17 / 17  0% 40 / 44  -9% Active Inventory 39 / 31  26% ---    Condos March Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 6 / 4   50% 32 / 26  29%  Median Sales Price $575,000 / $943,500  -39% $641,000 / $713,500  -10% Percent of Original List Price Received 99.6% / 100.0%  0% 98.9% / 100.0%  -1% Median Days on Market Until Sa...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 This year’s festival will take place on April 27th from 10 am to 2 pm. This will be the 9th annual festival and will officially start after an opening ceremony by students of Ka Papa Lo‘i ‘o Kānewai. The day will follow with exciting guest speakers, ukulele performance, bird tours, spotting scopes, painting with Patrick Ching and much more.  Also making its first debut is a life size Manu o Kū, Ranger Rick, and Hina, the Monk Seal.  Grab a passport and participate in the exciting learning activitiesprovided by participating groups and agencies, all focused on native species, with the Manu o Kū as their ambassador for the day.The Manu O Kū Festival is an annual event usually held in May to coincide with theUS Migratory Bird Treaty Act.  The Festival takes place on the stately Coronation...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Makiki & Moili'ili Honolulu, March 2024   Single Family Homes March Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 9 / 14  -36%   20 / 23  -13%    Median Sales Price $1.35M / $1.5M  -10% $1.5444M / $1.5M  3% Percent of Original List Price Received 93.5% / 98.0%  -5% 97.2% / 95.7%  2% Median Days on Market Until Sale 43 / 14   207% 23 / 15   53% New Listings 19 / 11  73% 38 / 36  6% Pending Sales 7 / 10  -30% 24 / 31  -23% Active Inventory 43 / 24  79% ---    Condos March Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 36 / 41  95% 102 / 86  19%  Median Sales Price $385,000 / $430,000  -10%   $405,000 / $404,500  0%  Percent of Original List Price Received 98.1% / 97.9%  0% 97.4% / 97.8%  0% Median Days on Market Until Sale 26 /...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Ala Moana & Kaka'ako Honolulu, March 2024   Single Family Homes March Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 1 / 0  0%  2 / 0  0%  Median Sales Price $1.1M/ $0   0%  $1M / $0   0% Percent of Original List Price Received 96.5% / 0.0%  0% 94.7% / 0.0%  0% Median Days on Market Until Sale 38 / 0  0% 38 / 0  0% New Listings 1 / 0  0% 2 / 1  100% Pending Sales 0 / 1  -100% 2 / 1  100% Active Inventory 4 / 0   0% ---    Condos March Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 38 / 55  -31%  96 / 124  -23%  Median Sales Price $747,000 / $830,000  -10% $624,250 / $645,000  -3% Percent of Original List Price Received 95.5% / 95.9%  0% 96.2% / 96.6%  0%    Median Days on Market Until Sale 92 / 39  136% 45 / 41  10% New Listin...
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