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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 Housing Market Recorded Slowdown in Overall Sales Activity in May Single-family homes show pricing resilience amid steady demand; condo market reflects shifting dynamics HONOLULU – According to resale figures released this week by the Honolulu Board of REALTORS®, Oʻahu’s housing market recorded a slowdown in overall sales activity in May, particularly in the condominium segment. Single-family home sales dipped 5.6% year-over-year to 235 closed sales, while condominium sales dropped 21.8% to 374 transactions. Year-to-date, sales remained below 2024 levels, down 5.3% for single-family homes and 7.2% for condominiums. Using data collected from its computerized Multiple Listing Service (MLS) system, the Board reported the following statistics:   Single-Family Home Resales   Number of...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
Across the U.S., more home sales are collapsing before they close — and Hawaii isn’t immune. According to Redfin, nearly 1 in 7 real estate contracts were canceled in recent months, making it the second-highest fallout rate ever recorded. While national headlines may sound dramatic, there’s real data behind the concern — and several local factors at play on Oahu, especially in the condo market... 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, October 2024   Single Family Homes October Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 10 / 8  25%  89 / 77  16%    Median Sales Price $1.6325M / $1.3125M  24%  $1.628M / $1.5M  9% Percent of Original List Price Received 95.2% / 90.2%  6% 96.6% / 96.3%  0% Median Days on Market Until Sale 27 / 68  -60% 19 / 18   6% New Listings 15 / 9  67% 142 / 125  14% Pending Sales 9 / 6  50% 93 / 91  2% Active Inventory 39 / 33  18% ---    Condos October Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 50 / 42  19% 407 / 420  -3% Median Sales Price $411,500 / $402,000  2%   $400,000 / $408,000  -2%  Percent of Original List Price Received 97.9% / 99.1%  -1% 97.5% / 98.8%  -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  Ala Moana & Kaka'ako Honolulu, October 2024   Single Family Homes October Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 0 / 1  -100% 5 / 7  -29% Median Sales Price - / $1.040M  -5% $1.1M / $1.24375M   -11% Percent of Original List Price Received - / 100.0%  -8% 93.0% / 95.9%  -3% Median Days on Market Until Sale - / 1   37 / 10  270% New Listings 1 / 4  -75% 37 / 10  9% Pending Sales 0 / 1  -100% 6 / 5  20% Active Inventory 9 / 4   125% ---    Condos October Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 42 / 59  -29%  414 / 471  -12%  Median Sales Price $825,000 / $685,000  20% $750,000 / $690,000  9% Percent of Original List Price Received 94.8% / 97.6%  -3% 96.1% / 97.0%  -1%    Median Days on Market Until Sale 63 / 27  13...
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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Waikiki Honolulu, October 2024   Single Family Homes October 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 1 / 0  0% 1 / 0  0% Pending Sales 0 / 0  0% 0 / 0  0% Active Inventory 1 / 0  0% --- * Waikiki has very few single family residences and are rarely offered for sale.  Condos October Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 77 / 110  -30% 852 / 928  -8% Median Sales Price $500,000 / $457,500  9%  $440,000 / $421,400  4% Percent of Original List Price Received 95.7% / 96.7%  -1% 96.5% / 97.2%  -1% Median Days on ...
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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Science and Stories seminar series Mon, Nov 18, 2024 , 5:30pm-7:00pm   Every Monday in November at The ARTS at Marks Garage the public will have the opportunity to learn from early career scientists and local artists as they share their unique perspectives on scientific research, art, and understanding. Doors open at 5:30 p.m., presentations from 6:00 to 7:00p.m. OR you can register to join us over Zoom for each event.   Albert Yee: "The Cost of Beach Erosion through Nonmarket Evaluation" Nakoa Goo: "Ecological & Cultural Value of Hawai'i Forage Fishes" Tehina Kahikina: "Ka hala o Weke: Threats to Hala Forest in Hana, Maui Go to HawaiiSeaGrant.org and click on All Events to register for the Zoom link.   Price: Free   Location: The ARTS at Marks Garage 1159 Nuuanu Avenue Honolulu, HI (8...
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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Vanishing Voices: Saving Our Hawaiian Forest Birds  Doris Duke Theatre - At the HoMa - Honolulu Museum of Art Friday, November 22 · 6:30pm Director: Todd J. RobertsonNative Hawaiian Forest Birds face imminent extinction from non-native mosquitoes spreading deadly avian diseases. This film explores the urgent mission to control mosquitoes, crucial to preserving these iconic species. (29 min)The Sustainability Film Series is designed to explore contemporary issues at the intersection of human and natural environments. The series combines films and panel discussions aimed at linking film themes to Hawai‘i and the region. Panelists with differing expertise, including scientists, policy-makers, nonprofit experts, and artists, will discuss the many dimensions of existing efforts and sustainab...
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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Positive Start for O‘ahu Real Estate in Fourth Quarter Single-family homes and condos report year-over-year gains, median prices remain stable HONOLULU – According to resale figures released this week by the Honolulu Board of REALTORS®, As we enter the fourth quarter, the O‘ahu housing market shows promising signs of recovery. Single-family home sales grew 22.5% year-over-year, from 213 to 261 sales, while condo sales observed a modest 1.5% increase, rising from 399 to 405 sales. Month-over-month activity also improved, with single-family homes up 20.3% and condos increasing by 10.7%. Using data collected from its computerized Multiple Listing Service (MLS) system, the Board reported the following statistics:   Single-Family Home Resales   Number of Sales Median Sales Price OCTOBER 202...
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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Don’t miss this special Holiday Matching Gift Opportunity!Your gift today will be matched to provide double the care, double the treats and double the purrs and tail wags to animals in need. Mahalo for your Kokua! Donate here:https://give.hawaiianhumane.org/give/623312/#!/donation/checkout   For expert Real Estate Sales and Pet Friendly Property ManagementIn Honolulu, HawaiiCONTACT HI Pro Realty TODAY   
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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, October 30, 2024   Lender Term/Type Interest Rate % Points % *APR American Savings Bank808-593-1226NMLS#423168 15-YR Fixed 5.500 2.125 5.962 30-YR Fixed 6.500 1.875 6.771 5-YR ARM 5.875 2.125 7.180 Bank of Hawaii877-616-2636 15-YR Fixed 6.000 0.875 6.138 30-YR Fixed 6.375 1.875 6.557 5-YR ARM 6.000 1.875 7.111 Central Pacific Bank808-544-0500NMLS#416603 15-YR Fixed 5.625 1.750 6.039 30-YR Fixed 6.375 1.875 6.649 5-YR ARM 6.625 0.000 7.409 Finance Factors808-548-3300NMLS#449916 15-YR Fixed 5.625 1.875 6.149 30-YR Fixed 6.500 2.000 6.846 5-YR ARM 5.875 1.500 7.012 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, September 2024   Single Family Homes September Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 4 / 6  -33% 51 / 38  34% Median Sales Price $1.1145M / $1.0825M  3% $1.2M / $1.1235M  7% Percent of Original List Price Received 96.3% / 98.4%  -2% 98.8% / 95.5%  5% Median Days on Market Until Sale 18 / 20  -10% 14 / 17  -18% New Listings 13 / 12  8% 79 / 65  22% Pending Sales 13 / 9  44% 64 / 50  28% Active Inventory 21 / 17   24% ---    Condos September Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 29 / 30  -3% 232 / 250  -7% Median Sales Price $530,000 / $544,000  -3% $568,000 / $562,500  1% Percent of Original List Price Received 97.6% / 99.0%  -1% 98.0% / 98.0%  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  Diamond Head & Kapahulu Honolulu, September 2024   Single Family Homes September Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 16 / 15  7%  113 / 100  13% Median Sales Price $1.3625M / $1.3M  5%    $1.4M / $1.355M  3% Percent of Original List Price Received 97.8% / 100.0%  -2% 96.7% / 96.1%  1% Median Days on Market Until Sale 14 / 11  27% 16 / 23  -30% New Listings 16 / 19  -16% 169 / 145  17% Pending Sales 17 / 14  21% 128 / 128  0% Active Inventory 48 / 39  23% ---    Condos September Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 8 / 1  700% 58 / 48  21%  Median Sales Price $728,500 / $1.795M  -59% $672,000 / $895,000  -25% Percent of Original List Price Received 90.8% / 89.8%  1% 98.0% / 99.2%  -1% Median Days on Market ...
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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, September 2024   Single Family Homes September Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 10 / 10  0%  79 / 69  14%    Median Sales Price $1.78M / $1.755M  1%  $1.628M / $1.51M  8% Percent of Original List Price Received 94.0% / 94.3%  0% 96.6% / 97.3%  -1% Median Days on Market Until Sale 40 / 24  67% 19 / 16   19% New Listings 12 / 12  0% 127 / 116  9% Pending Sales 8 / 11  -27% 84 / 85  -1% Active Inventory 39 / 33  18% ---    Condos September Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 36 / 43  -16% 357 / 378  -6% Median Sales Price $409,500 / $384,500  -16%   $400,000 / $409,000  -2%  Percent of Original List Price Received 96.7% / 99.2%  -3% 97.4% / 98.8%  -1% Median Days on Market Unt...
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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Lopaka Kapanui: Do You Believe in Ghosts?  October 25th, 7 to 9PM Listen to eerie tales and legends from Lopaka Kapanui, Hawai‘i’s premier ghost storyteller, that will make you confront your supernatural beliefs.  GET TICKETS $20, $15 for 18 and under, Doris Duke Theatre at Honolulu Museum of Art, 900 S Beretania St., honolulumuseum.org, @honolulumuseum     For expert Real Estate Sales and Pet Friendly Property ManagementIn Honolulu, HawaiiCONTACT HI Pro Realty TODAY! 
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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, September 2024   Single Family Homes September Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 2 / 2  0% 3 / 4  -25% Median Sales Price $1.175M / $1.241M  -5% $1.1M / $1.24375M   -12% Percent of Original List Price Received 88.2% / 95.4%  -8% 93.0% / 92.1%  1% Median Days on Market Until Sale 78 / 51  53% 37 / 16  131% New Listings 5 / 0   11 / 7  57% Pending Sales 0 / 0   6 / 4  50% Active Inventory 9 / 2   350% ---    Condos September Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 40 / 49  -18%  372 / 412  -10%  Median Sales Price $785,000 / $735,000  7% $747,000 / $690,000  8% Percent of Original List Price Received 96.4% / 97.3%  -1% 96.1% / 96.8%  -1%    Median Days on Market Until Sale 56 / ...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
What's really exciting is this past week 4607 Kahalla Ave. just came back on the market for $15 million. This is just over 1.3 acres on the ocean here in Kahala. If you could imagine living on this white sandy beach. The seller paid $17.7 million for this 9 years ago in 2015. So, this is a screaming deal. Prior to this, it was listed in March of '21 for $25 million... 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, September 2024   Single Family Homes September 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 September Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 66 / 75  -12% 775 / 818  -5% Median Sales Price $465,000 / $507,500  -8%  $435,000 / $420,000  4% Percent of Original List Price Received 96.9% / 97.2%  0% 96.6% / 97.2%  -1% Median Day...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
So often in my business (in real estate) you get asked "is it necessary to do a termite inspection on a high rise condo?" There's 2 stories I'm going to share with you today... 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, October 2, 2024  Lender Term/Type Interest Rate % Points % *APR American Savings Bank808-593-1226NMLS#423168 15-YR Fixed 4.625 2.125 5.067 30-YR Fixed 5.750 1.875 6.004 5-YR ARM 5.125 2.000 6.574 Bank of Hawaii877-616-2636 15-YR Fixed 5.375 1.000 5.530 30-YR Fixed 5.750 2.000 5.937 5-YR ARM 5.625 0.875 6.844 Central Pacific Bank808-544-0500NMLS#416603 15-YR Fixed 4.625 2.125 5.075 30-YR Fixed 5.500 1.750 5.742 5-YR ARM 6.625 0.000 7.553 Finance Factors808-548-3300NMLS#449916 15-YR Fixed 4.750 1.875 5.251 30-YR Fixed 5.625 1.875 5.935 5-YR ARM 5.750 1.500 6.813 First Hawaiian Bank808-6...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
Here we are at the street on Halekoa Drive, which wraps around like a circle (at the top of the hill). You have a newer glass garage door on the front. This home has been remodeled twice during the course of ownership. There's a lemon tree in the front that was grafted and brought here from Greece. They're incredible lemons... 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, August 2024   Single Family Homes August Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 7 / 7  0% 47 / 32  47% Median Sales Price $1.M / $1.37M  -27% $1.2M / $1.1235M  7% Percent of Original List Price Received 100.3% / 94.3%  6% 100.0% / 94.8%  5% Median Days on Market Until Sale 10 / 89  -89% 12 / 17  -29% New Listings 8 / 5  60% 66 / 53  25% Pending Sales 5 / 5  0% 51 / 41  24% Active Inventory 23 / 17   35% ---    Condos August Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 18 / 22  -18% 203 / 220  -8% Median Sales Price $559,500 / $569,500  -2% $574,000 / $565,000  2% Percent of Original List Price Received 98.1% / 100.0%  -2% 98.2% / 98.0%  0% Median Days on Market Until Sale 40 / 20  100% ...
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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, August 2024   Single Family Homes August Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 18 / 13  38%  97 / 85  14% Median Sales Price $1.285M / $1.2M  7%    $1.4M / $1.36M  3% Percent of Original List Price Received 95.2% / 98.4%  -3% 96.7% / 95.8%  1% Median Days on Market Until Sale 16 / 19  -16% 16 / 23  -30% New Listings 29 / 20  45% 153 / 126  21% Pending Sales 17 / 17  0% 111 / 114  -3% Active Inventory 51 / 33  55% ---    Condos August Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 8 / 9   -11% 50 / 47  6%  Median Sales Price $810,000 / $601,000  35% $647,000 / $790,000  -18% Percent of Original List Price Received 98.8% / 99.5%  -1% 98.4% / 99.5%  -1% Median Days on Market Until Sale 2...
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