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Honolulu, HI Real Estate News

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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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Makiki & Moili'ili Honolulu, August 2024   Single Family Homes August Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 13 / 3  333%   69 / 59  17%    Median Sales Price $1.6M / $1.65M  -3% $1.6M / $1.5M  7% Percent of Original List Price Received 96.0% / 101.1%  -5% 97.0% / 97.6%  -1% Median Days on Market Until Sale 46 / 21  119% 18 / 15   20% New Listings 16 / 18  -11% 115 / 104  11% Pending Sales 12 / 15  -20% 76 / 74  3% Active Inventory 40 / 33  21% ---    Condos August Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 46 / 56  -18% 321 / 335  -4% Median Sales Price $409,500 / $384,500  7%   $400,000 / $405,000  -1%  Percent of Original List Price Received 98.8% / 99.6%  -1% 97.5% / 98.8%  -1% Median Days on Market Until Sale ...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
Aloha! This is David Buck with Harcourts Island Real Estate and today we're going to talk about the local market update for August of 2024.Local Update for HomesFirst off, we're going to dive into single family home sales and there we saw Makiki-Moiliili with the largest increase in sales year over year, which was up 333%. That was going from 3 transaction in August of 2023 to 13 transactions this past month. Meanwhile, across the board of the 21 major neighborhoods that the Honolulu Board of Realtors tracks, eight of those neighborhoods were actually up in sales, 6 were flat and 7 were slumped or down in sales... Read More
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
Aloha! This is David Buck with Harcourts Island Real Estate and today we're going to take a tour of our new listing at Waipuna in Waikiki. This is a 3 bedroom, 3 bathroom, with 2 parking stalls... 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, August 2024   Single Family Homes August Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 1 / 0   3 / 4  -25% Median Sales Price $2.2M / -    $1.1M / $1.24375M   -12% Percent of Original List Price Received 100.0% / -   96.5% / 92.1%  5% Median Days on Market Until Sale 17 / -   37 / 15  147% New Listings 1 / 1  0% 6 / 7  -14% Pending Sales 0 / 1  -100% 6 / 4  50% Active Inventory 4 / 3   33% ---    Condos August Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 36 / 44  -18%  332 / 363  -9%  Median Sales Price $835,000 / $727,500  15% $740,000 / $690,000  7% Percent of Original List Price Received 97.1% / 95.3%  2% 96.1% / 96.8%  -1%    Median Days on Market Until Sale 44 / 50  -12% 52 / 40  30% New ...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
Aloha, this is David and today we're going to be covering condo complexes here on the island of Oahu and I'm appropriately wearing my Kahala Aloha Shirt designed by Dale Hope, a good friend and mentor regarding Aloha Shirts in Hawaii because he is "the authority". In any event, we're going to start at The Kahala Beach Apartments, which are direct oceanfront condos here in Kahala... 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, August 2024   Single Family Homes August 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 August Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 84 / 86  -2% 625 / 657  -5% Median Sales Price $400,000 / $475,000  -16%  $430,000 / $418,500  3% Percent of Original List Price Received 95.0% / 97.2%  -2% 96.5% / 97.2%  -1% Median Days on Mar...
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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Lei Po‘o Workshop Sat, Sep 14, 2024 , 9:00am-11:00am Sat, Oct 19, 2024, 9:00am-11:00am   Join lei maker Kuhi at Hānaiakamalama for her lei po‘o workshop series. Learn about different native flowers and foliage, the importance of lei po‘o, and of course, create your own lei po‘o! Tickets are $100, which includes materials for the workshop and a self-guided tour of Hānaiakamalama. Register for the workshop by emailing Kuhi at leipooslaybykuhi@gmail.com or DM her on Instagram.     TICKETS: $100        LOCATION: Queen Emma Summer Palace 2913 Pali Hwy Honolulu, HI              
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
Directly behind me we have Victoria Place and the lobby area is being built out right over here. This is the only tower within Ward Village that doesn't have any retail and it's very exclusive. Behind me is Ala Moana Blvd (on the other side of the construction barricade) and they're going to have ocean views that unobstructed... Read More
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
The reason we're here is there was an article in the Star Advertiser and it talked about how the governor of New York, Kathy Hochul and her ex aide has gotten into some trouble in being an agent of the Chinese government. Her name is Linda Sun and her husband is Chris Su. They apparently took millions upon millions of dollars, allegedly $6 million from the Chinese government to basically spy on the governor of New York... Read More
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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
It's Time to Register for PetWalk 2024!Join thousands of animal lovers at The Hawaiian Humane Society's annual fundraising event featuring a 1.8-mile dog walk, shopping vendors, live music, costume contests, and prizes—all to support over 12,000 animals cared for by the Hawaiian Humane Society each year.On average, it costs $560 to support an animal’s journey at the Hawaiian Humane Society. Your support is vital, as we play an essential role in the Oʻahu community by offering programs and services that strengthen the human-animal bond.This year’s event includes a pet costume contest, a variety of food and local vendors, entertainment, and we have a few exciting updates!  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 )
O‘ahu Housing Inventory Sees August BoostDespite more options across nearly every region and price point, sales remain relatively unchanged.HONOLULU – According to resale figures released this week by the Honolulu Board of REALTORS®, Year-over-year active inventory of single-family homes rose by 27.1% with 760 active listings and 64% in the condo market with 1,879 active listings last month. August sales were nearly even compared to a year ago, with single-family home sales rising 0.4% – up by one sale – and condo sales declining 5%. Similarly, median sales prices experienced minor changes, with the single family home market ending the month at $1,122,000, up 1.1% from a year ago, while the condo  median sales price for August was $500,000, a 2.9% decline from August 2023.Using data col...
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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 verifyRates Posted Wednesday, September 4, 2024  Lender Term/Type Interest Rate % Points % *APR American Savings Bank808-593-1226NMLS#423168 15-YR Fixed 4.750 2.000 5.175 30-YR Fixed 5.625 2.000 5.888 5-YR ARM 5.125 2.125 6.585 Bank of Hawaii877-616-2636 15-YR Fixed 5.500 0.875 5.636 30-YR Fixed 5.875 1.625 6.027 5-YR ARM 5.625 0.750 6.832 Central Pacific Bank808-544-0500NMLS#416603 15-YR Fixed 4.750 2.000 5.183 30-YR Fixed 5.625 1.750 5.870 5-YR ARM 6.875 0.000 7.798 Finance Factors808-548-3300NMLS#449916 15-YR Fixed 4.875 1.875 5.380 30-YR Fixed 5.625 2.250 5.971 5-YR ARM 6.000 1.500 7.137 First Haw...
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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Fruit Tree Management Workshop Sat, Sep 07, 2024 , 1:00pm-3:00pm    Learn how to keep your fruit trees happy, healthy, and productive? Come to this workshop to learn the basics of fruit tree fertilizing, pruning, and pest management of this series put on by the Hawai'i Tropical Fruit Growers and Waikiki Elementary as part of a series that will include propagation and grafting. Your instructor, Nat Bletter, aka Dr. Leaves, who has been growing high density fruit trees for 15 years, will cover both soil and leaf fertilizers, what fertilizers to use when, how to suss out plant pests and treat them organically, as well as the basics of pruning for good fruit production and light.   PRICE:  $15 for HTFG members, $20 for non-members, all materials provided. GET TICKETS    LOCATION: Waikiki...
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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, July 2024   Single Family Homes July Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 9 / 4  125% 40 / 25  60% Median Sales Price $1.525M / $1.0825M  41% $1.22987M / $1.1M  12% Percent of Original List Price Received 100.8% / 100.8%  0% 98.7% / 94.8%  4% Median Days on Market Until Sale 10 / 60  -83% 15 / 17  -12% New Listings 11 / 9  22% 58 / 48  21% Pending Sales 6 / 11  -45% 46 / 36  28% Active Inventory 19 / 22   29% ---    Condos July Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 26 / 32  -19% 185 / 198  -7% Median Sales Price $471,750 / $608,500  -22% $574,000 / $565,000  2% Percent of Original List Price Received 97.7% / 98.6%  -1% 98.4% / 97.5%  0% Median Days on Market Until Sale 31 / 17 ...
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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, July 2024   Single Family Homes July Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 12 / 11  9%  79 / 72  10% Median Sales Price $1.53M / $1.45M  6%    $1.415M / $1.364M  4% Percent of Original List Price Received 96.4% / 102.7%  -6% 97.2% / 94.9%  2% Median Days on Market Until Sale 16 / 13  23% 16 / 25  -36% New Listings 22 / 19  16% 124 / 106  17% Pending Sales 15 / 16  -6% 94 / 97  -3% Active Inventory 51 / 36  42% ---    Condos July Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 4 / 9   -56% 42 / 38  11%  Median Sales Price $990,000 / $2.3M  -57% $644.5M / $1.08  -40% Percent of Original List Price Received 98.0% / 100.0%  -2% 98.4% / 99.5%  -1% Median Days on Market Until Sale 19 / 13  4...
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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, July 2024   Single Family Homes July Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 7 / 8  -13%   56 / 56  0%    Median Sales Price $1.73M / $1.656605M  4% $1.6M / $1.4975M  7% Percent of Original List Price Received 92.5% / 100.3%  -8% 97.4% / 96.8%  1% Median Days on Market Until Sale 22 / 15  47% 14 / 15   -7% New Listings 13 / 11 18% 99 / 86  15% Pending Sales 12 / 4  200% 64 / 59  8% Active Inventory 41 / 35 17% ---    Condos July Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 45 / 54  -17% 275 / 279  -1% Median Sales Price $370,000 / $395,500  -6%   $400,000 / $410,000  -2%  Percent of Original List Price Received 97.0% / 98.6%  -2% 97.2% / 98.7%  -2% Median Days on Market Until Sale 23 / 14 ...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
Home sales in Downtown-Nuuanu were up 125%, going from 4 sales in July, 2023 to 9 this past month. Downtown - Nuuanu also saw the largest increase in median sales price, which was up 41%. Last year, the median price was $1,082,500 and this past month it was $1,525,000... Read More
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