O‘ahu Housing Market Warms Up in February Single-family home and condo sales continue to rise despite modest increase in median prices Thus far in the new year, O‘ahu’s housing market continues its upward trajectory. February brought an increase in new listings compared to last year, with 295 in the single-family home market and 533 in the condo market, marking growth of 26.6% and 15.1%, respectively. Notably, the $800,000 to $899,999 price range for single-family homes experienced an 88.0% surge in new listings, while the condo market experienced a 33.8% rise in the $300,000 to $499,999 rang ..read more

New Year Sees O‘ahu Home Sales Rise Properties stay on market a bit longer, but continue to move into escrow in under 30 days Single-family home sales rose 22.7%, while condo sales ticked up 6.2% compared to this time last year. Month-to-month, the new year started much like 2023 ended, with minimal upticks in sales of single-family homes at 1.1% and condos at 7.4%. Median sales prices in January 2024 closely resembled year-end figures in late 2023. Single-family home prices reached $1,021,016, up 2.5% month-to-month but down 2.8% from the year-end median of $1,050,000. In January, the median ..read more

Rising Mortgage Rates, Limited Inventory Cool O‘ahu’s Housing Market in 2023 Elevated mortgage rates and limited inventory continue to have the most outsized impact on our local market. Our latest report summarizes the newest residential real estate data, looking back at 2023 and the latest from December 2023. In December 2023: Sales volume declined for the 23rd consecutive month for single-family homes and the 19th straight month for condos. The median sales price for a single-family home dipped below $1 million, finishing the month at $996,500, a 5.1% decline from December 2022 a ..read more

O‘ahu Home Sales Remain Sluggish Amid Holiday Season Median sales prices steady month over month November property sales declined slightly year-over-year, with total combined sales for the month dipping about 8% compared to November 2022. Single-family home sales declined by 6.3%, while the condo market saw an 8.8% decrease. Both markets saw median sales prices in November that closely resembled October 2023 figures. Year-over-year, the median price of a single-family home dipped 4.3% to $1,100,055. Conversely, condos marked a 7.5% increase to $516,179.     “Market activity remains ..read more

Oahu Home Sales Cool Amid Rising Mortgage Rates, Seasonal Slowdown Fewer properties are selling at the original asking price or higher Sales volume remained stable in October, with both single-family homes and condos experiencing moderate year-over-year declines of 4.1% and 8.3%, respectively. The median sales price for single-family homes in October increased 4.8% to $1,100,000 while condos experienced a minor 1.0% decrease, ending the month at $515,000. Compared to the previous month, sales of single-family homes dipped by 8.2%, while condo sales showed an increase of 6.1%. Month-over ..read more

O‘ahu Home Sales Slow as Mortgage Rate Rises September sales volume down by double-digits, properties spend approximately three weeks on market The O‘ahu single-family home market maintained a 12-month rolling average of over 200 sales, with 232 properties sold last month, reflecting a year-over-year decline of 16.5%. However, the condo market 12-month sales average fell below 400 sales for the first time since January 2021. Three hundred and seventy-six condos sold last month, marking a 24.2% dive in sales volume compared to September 2022. In September, the median sales price for sing ..read more

O‘ahu Home Sales Rise Month-to-Month, Remain Down Year-Over-Year Year-to-date, median sales prices dip for single-family homes and condos Closed sales of single-family homes and condos declined year-over-year, dropping 19.7% and 16.9%, respectively; however, compared to a month ago, single-family homes recorded a 12.5% uptick in sales, while condo sales remained steady. Compared to 2022, the median sales price for a single-family home dipped 1.4% to $1,110,000, while the condo median sales price increased 3.3% to $515,000. From a year-to-date perspective, the median sales prices for O‘ahu pro ..read more

O‘ahu Home and Condo Markets Cool in June Sales and median prices dip, but pace of sales remains relatively quick The monthly median sales price for both single-family homes and condos fell 4.5% year-over-year. The single-family home monthly median sales price in June was $1,050,000, and $510,000 for condos. Single-family home sales dropped 30.5%, and condo sales dove 24.9% compared to the same time last year. However, the market pace remained relatively quick, with most properties entering a contract in just over two weeks. Although both markets experienced double-digit sales growth from the ..read more

Sales Volume of O‘ahu Homes Picks Up Month-to-Month, Still Down Compared to 2022 Properties in both markets spend longer on the market, approximately three weeks The sales volume of O‘ahu homes improved month-over-month, rising 26.0% for single-family homes and 4.3% for condos in May. However, closed sales declined 23.8% for single-family homes and 36.3% for condos compared to the same time last year. The median sales price for a single-family home ($1,109,000) was 3.9% below the current record set in May 2022 ($1,153,500). Similarly, on the condo side, the median sales price dipped modestly ..read more

Significant Sale, 360 Dune Circle, Kailua. Congratulations Scott Carvill on representing the Sellers in the sale of this Beachfron Kailua Property. Located on one of Kailua’s premier Beachside streets this sophisticated beachfront property has just undergone a permitted high-end modern reconstruction. Prime unobstructed frontage showcases views from Ulupau crater to the Mokulua Islands. Featuring a custom Bauformat kitchen with Wolf, Miele and JennAir appliances the transformation of this home to a refined beachfront retreat is complete. The covered outside lanai with expansive sliding doors ..read more