Oahu Real Estate Market Update: February 2024
Luva Real Estate
by johnm
2w ago
Oahu Real Estate Market Update: February 2024 Market Overview The Honolulu Board of REALTORS® reports that the housing market started the new year much like 2023 ended. READ THE FULL REPORT HERE! The Honolulu Board of REALTORS® reports,“single-family home and condo sales continue to rise despite modest increase in median prices.” Oahu experienced a minimal increase in single-family home sales at 3.5% and condos at 2.8%. Median sales prices for single-family homes continued to rise above a million at $1,075,000 while the median sales price for condos was $512,500. President of the Honolulu Boar ..read more
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Maui Real Estate Market Update: February 2024
Luva Real Estate
by johnm
2w ago
Maui Real Estate Market Update: February 2024 Market Overview In February, there were 257 new listings for single-family homes and condominiums. Compared to this same time last year, that is an increase of 29.1%. READ THE FULL REPORT HERE! Inventory decreased 10.7% for single-family homes but increased 78.8% for condominium homes. In February, there were 62 single-family homes sold, which is up slightly from January when there were 57 homes sold. This represents an increase of 37.8% when compared to February 2023. There were 66 condos sold last month on Maui, down from 92 sales in January. Whe ..read more
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Hawaii Island Real Estate Market Update: February 2024
Luva Real Estate
by johnm
2w ago
Hawaii Island Real Estate Market Update: February 2024 Market Overview In February, Single-family home sales increased from 158 to 168 units, marking a 26% rise compared to February of the previous year. READ THE FULL REPORT HERE! In February, the real estate market on Hawaii Island experienced varied trends across property types. Single-family home sales increased from 158 to 168 units, marking a 26% rise compared to February of the previous year. Puna, North Kona, and South Hilo were the top-selling areas. Condo sales also saw a significant uptick, with sales increasing from 32 to 42 units ..read more
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The Great Mahele: A Transformative Era in Hawaii’s Land Division
Luva Real Estate
by Jackie Orsa 
1M ago
Hawaiʻi, with its lush landscapes, vibrant culture, and rich history, holds a unique place in the world. When buying real estate in Hawaiʻi, it is a great idea to learn the history of the land that you are purchasing. Each land parcel holds deep history and cultural significance in Hawaiian history. The Great Mahele was a pivotal event that significantly shaped the destiny of the Hawaiian Islands. The Great Mahele refers to a land redistribution act that took place in Hawaii in the mid-19th century and it impacted the way land was owned, used, and cultivated. One might say each parcel of land ..read more
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Oahu Real Estate Market Update: January 2024
Luva Real Estate
by johnm
1M ago
Oahu Real Estate Market Update: January 2024 Market Overview The Honolulu Board of REALTORS® reports that the housing market started the new year much like 2023 ended. READ THE FULL REPORT HERE! Oahu experienced a minimal increase in single-family home sales at 1.1% and condo sales at 7.4%. Median sales prices for single-family homes remained just above a million at $1,012,016 while the median sales price for condos was $505,200. President of the Honolulu Board of REALTORS®, Fran Gendrano stated, “New listings mean new opportunities for buyers at all price points. However, O‘ahu’s housing mark ..read more
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Maui Real Estate Market Update: January 2024
Luva Real Estate
by johnm
1M ago
Maui Real Estate Market Update: January 2024 Market Overview In January, there were 270 new listings for single-family homes and condominiums. READ THE FULL REPORT HERE! Compared to this same time last year that is an increase of 20.0%. The monthly supply of inventory decreased 5.0% for single family homes but increased 121.7% for condominiums. In January, there were 57 single-family homes sold, which is unchanged from December 2023. This represents a decrease of 6.6% when compared to January 2023. There were 92 condos sold last month on Maui, down slightly from 94 sales in December. When comp ..read more
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Big Island Real Estate Market Update: January 2024
Luva Real Estate
by johnm
1M ago
Big Island Real Estate Market Update: January 2024 Market Overview In January, the real estate market on Hawaii Island experienced varied trends across property types. READ THE FULL REPORT HERE! Single-family home sales increased from 142 to 157 units, marking a 13% rise compared to January of the previous year. Puna, North Kona, and South Hilo were the top-selling areas. Condo sales also saw a slight uptick, with sales increasing from 30 to 32 units, although they decreased by 16% year-on-year. Notably, North Kona observed a significant increase in condo sales. Land sales showed positive mome ..read more
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Boutique Property Feature: 76-765 Io Pl
Luva Real Estate
by johnm
1M ago
LUVA’s Boutique Collection represents luxury real estate in Hawaii that is set apart by extravagant features and prime locations. We present our boutique property feature: 76-765 Io Pl Welcome to a property with the perfect blend of tropical Hawaiiana feel complimented with modern and luxurious amenities. Featuring 4 bedrooms and 4.5 baths this nearly new home was completed in 2022 and includes an astonishing 4,625 sqft under roof. It is a one-of-a-kind custom home boasting massive covered lanais and ocean views. Ideal for outdoor entertaining and taking full advantage of the perfect climate ..read more
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Maui Real Estate Market Update: December 2023
Luva Real Estate
by johnm
2M ago
Maui Real Estate Market Update: December 2023 Market Overview The Honolulu Board of REALTORS® reports that O‘ahu home sales fell by more than a quarter in 2023, with single-family home sales falling 26.3% and condo sales falling 28.0%. READ THE FULL REPORT HERE! In December, there were 272 new listings for single-family homes and condominiums. Compared to this same time last year, that is an increase of 28.9%. Currently, there is a 5.0-month supply of inventory for both single-family homes and condominiums. In December, there were 57 single-family homes sold, which is up from November, when th ..read more
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Big Island Real Estate Market Update: December 2023
Luva Real Estate
by johnm
2M ago
Big Island Real Estate Market Update: December 2023 Market Overview The number of single-family homes sold in December increased slightly from the number of homes sold in November, from 137 to 140, respectively. READ THE FULL REPORT HERE! When compared to December of last year we saw an 8.5% decrease in home sales. Homes stayed on the market for an average of 41 days, compared to 56 days this time last year. The median sales price on Hawaii Island increased from $499,000 in November 2023 to $550,000 in December 2023. This also represents a 19% increase when compared to December 2022. There wer ..read more
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