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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  Waikiki Honolulu, May 2024   Single Family Homes May 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 May Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 127 / 94  35% 471 / 449   5% Median Sales Price $390,000 / $402,500   -3%  $430,000 / $411,500  4% Percent of Original List Price Received 97.4% / 97.4%  0%  97.0% / 97.2%  0% Median Days on Market Until...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
There's only 1 unit for sale in Pualei Circle. That's a 1 bedroom at Diamond Head Alii going for $535,000. In addition to that, there's 2 others in Pualei Circle that have accepted offers on them. Over the past 6 months, there's only been 7 sales, with an average 23 days on market.. Read More
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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 Raise HawaikiSunday, June 16, 20244:00 PM 6:30 PMThe 23-24 Halekulani Masterworks season finale concludes with Dane Lam conducting Michael-Thomas Foumai’s (HSO Composer-in Residence) epic Hōkūleʻa oratorio, Raise Hawaiki.Setting the words of Nainoa Thompson, Eddie Aikau, and Mau Pialug, Foumai’s sweeping choral symphony voyages through decades of Polynesian wayfinding. Journey through the trials and triumphs of the awakening Hawaiian consciousness, the 1976 maiden voyage to Tahiti, the Mālama Honua worldwide voyage, and the dream to “Raise Hawaiki from the sea.” (Eddie Aikau). Promoted by Hawai‘i Symphony Orchestrainfo@hawaiisymphonyorchestra.org808-380-7724 Concert Update: Due to unforeseen changes in artist availability for the performance of Raise Hawaiki, the Hawaiʻi Symphony Orche...
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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
O‘ahu Housing Prices Dip Modestly Compared to 2023 More than a quarter of single-family homes sold in May in the $899,999 or less price range HONOLULU – According to resale figures released this week by the Honolulu Board of REALTORS®,Single-family home sales in May fell 5.0% year-over-year and month-over-month, while condo sales increased 9.1% year-over-year and 10.9% from the previous month.Median sales prices for both single-family homes and condos saw a slight decline compared to May 2023. Single-family homes ended the month with a median price of $1,085,000, reflecting a 2.2% decrease year-over-year, while the condo median price of $495,000 marks 2% dip year-overyear. However, year-to-date median prices for single-family homes and condos experienced a modest increase of 2.4% and 1....
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
If you're thinking about living in Waialae Iki, David shares the pros and cons about living in one of East Honolulu's coveted neighborhoods. In addition to covering Waialae Iki's history of development, he compares and contrasts to neighboring Kahala Kua... 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 verify Posted Wednesday, June 5, 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 6.250 2.250 6.552 5-YR ARM 5.875 1.875 7.300 Bank of Hawaii877-616-2636 15-YR Fixed 6.250 0.875 6.389 30-YR Fixed 6.375 1.750 6.544 5-YR ARM 6.125 0.875 7.330 Central Pacific Bank808-544-0500NMLS#416603 15-YR Fixed 5.625 2.000 6.079 30-YR Fixed 6.250 2.000 6.533 5-YR ARM 7.000 0.000 7.849 Finance Factors808-548-3300NMLS#449916 15-YR Fixed 5.500 2.125 6.061 30-YR Fixed 6.125 2.125 6.473 5-YR ARM 6.500 1.500 7.780 First Hawaiian Bank...
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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
World Ocean Day Coastal CleanupSaturday June 8th, 2024 10:00 AM – 12:00 PMCelebrate World Ocean Day at the Waikīkī Aquariumʻs Coastal Cleanup! World Ocean Day is an opportunity to unite and rally for a future with climate stability and ocean abundance. With the aim of this future, there are events across the world calling for collaboration to protect the ocean! Take initiative with us by keeping our coastlines clean this World Ocean Day! Sign Up Here  https://forms.gle/RjubccnykKcio3fd6 Please bring a matching photo ID per registered adult. This will be verified at check in.  All adult participants must agree to and sign the General UH Volunteer Activities Consent, Waiver, Release and Indemnity Agreement upon check in at event. All minors (under 18 years old) must be accompanied by an a...
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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, April 2024   Single Family Homes April Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 10 / 3  233% 21 / 14  50% Median Sales Price $1.17987M/ $940,000  26% $1.259M / $1.105M  14% Percent of Original List Price Received 99.7% / 78.3%  27% 96.9% / 92.9%  4% Median Days on Market Until Sale 20 / 181  -89% 32 / 21  52% New Listings 11 / 3  267% 29 / 24  21% Pending Sales 5 / 6  -17% 24 / 17  41% Active Inventory 20 / 19   5% ---    Condos April Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 40 / 21  90% 107 / 110  -3% Median Sales Price $635,000 / $487,000  30% $590,000 / $547,500  8% Percent of Original List Price Received 98.5% / 98.4%  0% 98.4% / 97.9%  1% Median Days on Market Until Sale 18 / 30 ...
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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® 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® 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® 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® 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® 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® 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® 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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