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Honolulu, HI Real Estate News

By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
O‘ahu Home and Condo Sales Slip in September Year-to-date median prices show modest gains as third-quarter mortgage rates see gradual decline HONOLULU – According to resale figures released this week by the Honolulu Board of REALTORS®, O‘ahu’s housing market continued to see a slight softening in sales in September. Single-family home sales fell 6.5% year-over-year, dropping from 232 sales to 217, while condo sales experienced a modest 2.7% decrease, with 366 sales compared to 376.However, single-family home sales remain 5.8% ahead of last year’s pace year-to-date, while condo sales are tracking 5.6% lower than the same period in 2023. The third quarter also showed a similar pattern, with single-family home sales increasing by 4.4% over Q3 2023, while condo sales decreased by 5.2%. Usin...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
In the entire valley of Aina Haina, there's not 1 home that's for sale. Today, we're going to cover, as we do on Wednesdays, a segment of We Need Inventory. We do need inventory in Aina Haina because there's literally not 1 home for sale. For those of you that don't know, Aina Haina is a beautiful valley in East Honolulu that's between Waialae Iki and Hawaii Loa Ridge... Read More
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By Kimo Stowell, REALTOR® 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, April 3, 2024  Lender Term/Type Interest Rate % Points % *APR American Savings Bank808-593-1226NMLS#423168 15-YR Fixed 5.625 1.875 6.050 30-YR Fixed 6.375 1.875 6.643 5-YR ARM 6.000 2.000 7.436 Bank of Hawaii877-616-2636 15-YR Fixed 6.125 1.000 6.283 30-YR Fixed 6.375 1.875 6.557 5-YR ARM 6.250 1.000 7.399 Central Pacific Bank808-544-0500NMLS#416603 15-YR Fixed 5.625 1.875 6.059 30-YR Fixed 6.250 2.125 6.546 5-YR ARM 6.875 0.000 7.798 Finance Factors808-548-3300NMLS#449916 15-YR Fixed 5.750 2.000 6.298 30-YR Fixed 6.375 2.250 6.742 5-YR ARM 6.375 1.500 7.656 First Hawaiian Bank808-643...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
Can you believe this weekend marks 65 years since Henry J. Kaiser announced the development of Hawaii Kai? I can't believe it's been that long, however on March 30th, 1959 (which for those of you that don't know, was the year of statehood in Hawaii, which took place later that year in August) Henry J. Kaiser and Bishop Estate (now Kamehameha Schools) announced the development of Hawaii Kai... Read More
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
Well, if you have anyone in your family that's military, the Hale Koa Hotel is one of the best deals going in Waikiki. You might not always have the ability to stay there, because it's always in such high demand. If you're ever spending time here and curious about the real estate around the Hale Koa, I'm going to give you a quick tour and show you what some of the nearby condos are.... Read More
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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Downtown and Nu'uanu Honolulu, February 2024   Single Family Homes February Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 1 / 2  -50% 7 / 8  -13% Median Sales Price $880,000 / $905,000  -3% $1.1M / $1.29M  -3% Percent of Original List Price Received 97.9% / 100.2%  -2%  97.3% / 95.9%  -2%  Median Days on Market Until Sale 12 / 50  -76% 18 / 21  -14% New Listings 6 / 4  50% 12 / 14  -14% Pending Sales 6 / 3  100% 9 / 6  50% Active Inventory 20 / 21   -5% ---    Condos February Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 26 / 40  -35% 47 / 57  -18% Median Sales Price $608,000 / $490,000  24% $606,000 / $560,000  8% Percent of Original List Price Received 97.8% / 95.9%  2%  98.3% / 97.1%  1% Median Days on Market Until Sale 1...
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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Diamond Head & Kapahulu Honolulu, February 2024   Single Family Homes February Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 8 / 9  -11%  18 / 13  38% Median Sales Price $1.285M / $1.305M  -2%    $1.345M / $1.2M  12%   Percent of Original List Price Received 95.8% / 94.0%  2% 96.9% / 94.0%  3% Median Days on Market Until Sale 56 / 27  107% 49 / 30  63% New Listings 17 / 15  13% 33/ 27  22% Pending Sales 12 / 10  20% 23 / 27  -15% Active Inventory 45 / 41  10% ---    Condos February Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 5 / 7  -29% 12 / 10  20%  Median Sales Price $1M / $790,000  27% $712,5000 / $682,500  4% Percent of Original List Price Received 100.0% / 95.8%  4% 98.4% / 99.5%  -1%  Median Days on Market Until Sale...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
As you come out of the Hilton Hawaiian Village on to Ala Moana Blvd., you've got The Ilikai to the left with a restaurant on the top, (which used to be Sarrento's). Then you've got Pomaikai, which is the blue building. At the top, behind there, you have Discovery Bay. Then, you've got The Palms, which is a vacation rental condo, where you can do legal short term rentals. Then, you've got The Wailana across the street and they're going to put in a new Foodland Farms there... Read More
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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Makiki & Moili'ili Honolulu, February 2024   Single Family Homes February Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 4 / 2  100%   11 / 9  22%   Median Sales Price $1.7115M / $5.7M  -70% $1.6M / $1.6M  0% Percent of Original List Price Received 103.0% / 93.7%  10% 100.0% / 91.4%  9% Median Days on Market Until Sale 4 / 28   -86% 6 / 22   -73% New Listings 9 / 12  -25% 19 / 25  -24% Pending Sales 12 / 11  8% 17 / 21  -19% Active Inventory 33 / 24  38% ---    Condos February Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 39 / 20  95% 66 / 45  47%  Median Sales Price $415,000 / $375,000  11%   $412,000 / $382,000  8%  Percent of Original List Price Received 96.3% / 95.7%  1% 96.9% / 96.9%  0% Median Days on Market Until Sale ...
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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Ala Moana & Kaka'ako Honolulu, February 2024   Single Family Homes February Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 1 / 0  0%  1 / 0  0%  Median Sales Price $900,000 / $0   0%  $900,000 / $0   0% Percent of Original List Price Received 93.0% / 0.0%  0% 93.0% / 0.0%  0% Median Days on Market Until Sale 37 / 0  0% 37 / 0  0% New Listings 1 / 1  0% 1 / 0  0% Pending Sales 0 / 0  0% 2 / 0  0% Active Inventory 3 / 1  200% ---    Condos February Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 29 / 30  -3%  58 / 69  -16%  Median Sales Price $477,000 / $502,500  -5% $511,500 / $593,750  -14% Percent of Original List Price Received 97.5% / 96.0%  2% 96.8% / 96.6%  0%    Median Days on Market Until Sale 34 / 70  -51% 32 / 49  -35%...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
Regarding home appreciation on Oahu, Waialae-Kahala saw the largest increase year over year, from February of 2023 to this past month. It was up 52%. The median sales price a year ago was $2,950,000. This past month, it was at $4,500,000... Read More
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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Waikiki Honolulu, February 2024   Single Family Homes February 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% ---    Condos February Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 85 / 93  -9% 155 / 154  1% Median Sales Price $443,000 / $390,000  14% $435,000 / $403,750  8% Percent of Original List Price Received 97.5% / 96.7%  1%  96.9% / 96.6%  0% Median Days on Market Until Sale 37 / 25  48% 37 / 26  42% New Listings 129  / 100  29% 276  / 22...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
A little over a month ago, we noticed a $10 million price drop for a penthouse condo at One Ala Moana.
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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Luck is in the air this St. Patricks Day: from March 15-17, adoption fees for all animals are 100% waived with our Lucky Charms Adoption Special! Find your pot of gold at our Mōʻiliʻili Campus and Kosasa Family Campus at Hoʻopili, plus our off-site adoption partners, Hawaiʻi Cat Cafe and Pounce Hawaiʻi.Got commitment issues? Instead of adopting, consider fostering a dog with Couch Crashers or a cat through Lap Crashers! Ask an Adoptions Representative at one of our Hawaiian Humane campuses about how you can short-term foster an adoptable animal.If you’ve been considering pet adoption, don’t miss this opportunity! Hawaiian Humane has an unprecedented number of adoptable pets, including puppies, kittens, adult dogs and cats, rabbits, guinea pigs and more. Find your new best friend today. ...
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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Hele Mai WAIKIKI AQUARIUM for an oceanic egg-sploration on Saturday, March 16th 9AM-2PM for the return of SEAHUNT!  Kid-friendly activities include: an egg hunt with the chance to win prizes (available for children 4 years and older), an opportunity to design your own ocean-inspired egg, educational booths, special feedings, a visit from a mermaid, Pigtails and Crew Cuts, and LEAHI LEGO. Treats provided by Diamond Bakery will be available while supplies last. Included with paid Aquarium Admission  TICKETS:$5 - $12  - Kama'aiana and Military discountKeiki 3 and under have free admission. LOCATION: Waikiki Aquarium2777 Kalakaua Avenue,Honolulu, HI(808) 923-9741 The Waikīkī Aquarium can also be reached by TheBus (Route 14, 19, 20, or 22) and Waikīkī Trolley’s Green line. For expert Real Es...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
At the bottom of Hobron Lane at the Ala Wai Boat Harbor, we're going to be talking about the pros and cons today of the Ilikai vs. the Ilikai Marina in Waikiki.... Read More
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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
O‘ahu Housing Market Warms Up in FebruarySingle-family home and condo sales continue to rise despite modest increase in median pricesHONOLULU – According to resale figures released this week by the Honolulu Board of REALTORS®,  single-family home sales totaled 179, while condo sales reached 334—a modest gain of 3.5% and 2.8%, respectively. When combined with January sales, 2024 shows continued improvement over 2023, with total year-to-date sales up by 7.2% compared to the same period last year.Both markets experienced year-over-year growth in median sales price. Single-family homes observed an 8.9% jump, reaching $1,075,000, while condo sales increased 6.8% to $512,500. Additionally, the median days on the market for single-family homes decreased by 17 days to 30 days from 47 days in Fe...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
It was intriguing to find that there was only 1 home for sale in Portlock and it was listed for $8,500,000, which sounds a little bit shocking. However, it shouldn't be too surprising as that market has been heating up in Portlock. There's been 2 sales over the past 6 months that are north of $8 million. There was a also a couple trades on the lower end in the $2-3 million range, but those ($8 million ones) were beautiful homes on the water.... Read More
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By Kimo Stowell, REALTOR® 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, February 28, 2024  Lender Term/Type Interest Rate % Points % *APR American Savings Bank808-593-1226NMLS#423168 15-YR Fixed 5.750 1.875 6.178 30-YR Fixed 6.500 1.875 6.771 5-YR ARM 6.000 2.000 7.436 Bank of Hawaii877-616-2636 15-YR Fixed 6.375 1.000 6.534 30-YR Fixed 6.500 1.625 6.658 5-YR ARM 6.250 1.000 7.399 Central Pacific Bank808-544-0500NMLS#416603 15-YR Fixed 5.750 2.125 6.228 30-YR Fixed 6.375 2.000 6.661 5-YR ARM 6.875 0.000 7.798 Finance Factors808-548-3300NMLS#449916 15-YR Fixed 5.750 2.125 6.318 30-YR Fixed 6.375 2.250 6.742 5-YR ARM 6.375 1.500 7.656 First Hawaiian Bank808...
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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Downtown and Nu'uanu Honolulu, January 2024   Single Family Homes January Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 6 / 6  0%  6 / 6  0% Median Sales Price $1.19M / $1.64M  2% $1.19M / $1.64M  2% Percent of Original List Price Received 94.3% / 95.9%  -2%  94.3% / 95.9%  -2%  Median Days on Market Until Sale 22 / 21  5% 22 / 21  5% New Listings 6 / 10  -40% 6 / 10  -40% Pending Sales 3 / 3  0% 3 / 3  0% Active Inventory 21 / 23   -9% ---    Condos December Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 21 / 17  24% 21 / 17  24% Median Sales Price $550,000 / $670,000  -18% $550,000 / $670,000  -18% Percent of Original List Price Received 98.4% / 98.5%  0%  98.4% / 98.5%  0% Median Days on Market Until Sale 19 / 36  -47% 19 ...
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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Diamond Head & Kapahulu Honolulu, January 2024   Single Family Homes January Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 10 / 4  150%  10 / 4  150% Median Sales Price $1.425M / $1.1M  30%    $1.425M / $1.1M  30%   Percent of Original List Price Received 99.4% / 93.8%  6% 99.4% / 93.8%  6% Median Days on Market Until Sale 37 / 49  -24% 37 / 49  -24% New Listings 16 / 12  30% 16 / 12  30% Pending Sales 11 / 17  -35% 11 / 17  -35% Active Inventory 41 / 35  17% ---    Condos January Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 7 / 3  133%  7 / 3  133%  Median Sales Price $607,000 / $365,000  66% $607,000 / $365,000  66% Percent of Original List Price Received 98.2% / 102.0%  -4% 98.2% / 102.0%  -4%  Median Days on Market Unti...
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