The Oahu Real Estate Market saw a significant slow down in comparison to the same month last year. Single family Homes and condominiums saw a 43% and 37.5% decrease in sales respectively. Although the market has slowed, median prices have held steady due to consistently low inventory. Oahu median single family home prices landed just under million last month falling nearly 10% year over year. As we cruised through the lull in the market last month we are preparing for the business of Military coming to and leaving the island in PCS season. Our team has started to see signs of the market r ..read more

Are you considering buying a piece of paradise in Hawaii? With its stunning natural beauty, unique culture, and laid-back lifestyle, it's no wonder so many people dream of owning a piece of real estate in the islands. But before you take the plunge, here are some things you should know about buying real estate in Hawaii. First of all, it's important to do your research. Hawaii is made up of several islands, each with its own unique character and real estate market. Prices can vary greatly depending on the location, so it's important to determine which island or neighborhood is right for you. A ..read more

Aloha! If you're thinking about living in Kakaako, you're in for a treat. This vibrant neighborhood is located in the heart of Honolulu and has become a popular destination for young professionals, families, and artists alike. Here's a casual rundown of what you can expect when living in Kakaako. First off, the location is hard to beat. Kakaako is sandwiched between downtown Honolulu and Waikiki, which means you'll have access to all the city has to offer. Whether you're looking for a trendy new restaurant or want to catch a show at the Blaisdell Center, it's all within a short drive or bike r ..read more

The Hawaii Real Estate Market is heating up creating opportunity for Buyers and Sellers.  Buyers are BACK! Buyers are taking advantage of conditions in the market to get great deals on property. Only 35% of single family homes sold in March sold at or above asking price. Last year homes were selling much quicker than they are now but since February the average days on market dropped 10 Days. Buyers aren't wasting time getting their hands on a home! Overall purchase price is lower than last year, buyers are taking advantage of market conditions to get a great deal! Interest rates have come ..read more

The Hawaii Real Estate Market has calmed across the board, but demand for homes remains steady.   Properties are sitting the market for notably longer before closing. Single family homes are spending nearly 4 times as long on the market compared to last year while condos are spending twice as long. Only 32% of single-family home sales received full asking price or more compared to 73% last February. In the condo market, 36% of the sales received full asking price or more compared to 56% last year. Median sales prices in both markets declined, dipping 12.3% for single-family homes from $1 ..read more

Kakaako is the perfect place for retirement! This is that beautiful village with shops, restaurants, beaches, and easy access to everything in Honolulu is perfect for that time of life when we finally get to enjoy the freedom of spending our days however we choose. For the retiree ready for something different, the Kakaako district of Oahu is the perfect place. Picture a paradise of warm sun and salty air…nearby beaches and eternal entertainment. With some of the best restaurants in the islands and easy transportation to get around, Kakaako has something for everyone. But don't worry, hea ..read more

The Hawaii Market already crashed, but you may not have noticed.  The median price in January showed signs of a market that declined all of last year, and that is now picking up dramatically.  The median price fell from the peak of $1,153,500 in May 2022, all the way down to $970,000 in January!  That's a decline of $183,500, which is almost 16%!  In any market, a 15% correction is a big drop, and now we are seeing buyers coming into the market in droves! Just this week we opened 13 escrows in our group, with every active listing going under contract.  This means that ..read more

I bought my house in 2007, knowing full well that the market bubble was about to burst.  Why did I do that? Because I wanted to live in this house, the one I still live in 15 years later. I paid $1.2mil for the house in 2007, and at one point the value fell to about $1.1mil, but now it's worth well over $3million.   I tell you that because even now, as the market has softened and the number of sales since January has dropped nearly 40% since last year - there are signs of opportunity in Hawaii real estate.  While prices are still 9.5% higher than they were a year ago, there ..read more

Yes, the number of sales has dropped dramatically - by 41.7%.  That's right, the number of sales has dropped nearly in half since last year, 2021, which was the craziest year in real estate history.  But while the market has slowed a lot, prices are still UP 5% since last year.  On a monthly basis, prices peaked in May of this year at $1,153,500, so from that time, the median price is down by about $100k to $1,050,000.      Here's a chart of monthly median prices:  It seems prices are back to about the same as January, which makes sense because buyers were ..read more

Despite the Year-over-year sales drop, the last 4 months have remained steady - The average number of single family homes sold (March through June) was 346 and the average number of condos sold was 664. This volume is comparable to pre-pandemic levels! Although pre-pandemic, homes stayed on the market twice as long.  While sellers are receiving their full asking-price or more, we did see price reductions in the active inventory. Buyers are reevaluating budgets and strategies as interest rates are rising quickly. Also, the active inventory is still a fraction of what was available in 2019 ..read more