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Market News Market Update: June 2025 Market favors buyers as inventory increases With the price of Oahu real estate somewhat flat over the past three years, market inventory is trending in favor of buyers. The National Association of Realtors recent housing stats show inventory around the country up for the 19th consecutive month in May, offering buyers more options. Nationally, inventory […]
Market News Market Update | May 2025 Both single-family home and condo sales declined in April. Single-family home sales fell 8.0% year-over- year with 241 closed sales, while condo transactions dropped 8.4% to 395. Year-to-date, sales volume remains behind 2024 levels, down 5.3% for single-family homes and 2.3% for condos. The median sales price for a single-family home rose 6.4% year-over-year to […]
Market News Oahu’s Housing Market: January 2025 Despite high interest rates that hover in the 6-7% range, the Oahu real estate market remains competitive. Low inventory continues to prop up prices, as many homeowners hold onto their low-interest mortgages. While buyer demand is steady, affordability remains a challenge, leading to creative financing solutions. Well-priced homes, especially in desirable areas, still attract strong […]
Home Buyer Tips Real estate changes coming: What you need to know The National Association of Realtors (NAR) settlement is bringing changes to the real estate industry, starting August 17, 2024. These changes aim to improve transparency for both buyers and sellers, highlighting the value of professional real estate guidance. For Sellers: Compensation Changes: The way compensation is handled is evolving. Discuss with your trusted agent how […]
Market News Oahu’s Housing Market: June 30, 2024 The Oahu real estate landscape continues to show consistent trends with low inventory and strong buyer demand for single-family homes. On the other hand, condominium and townhouse sales have slowed due to challenges with insurance premiums and financing for buyers. Let’s explore: Single-Family Homes: Sales increased a modest 4% with 258 transactions closed in June […]
Community The Power of New Construction If you’ve ever considered new construction projects or are just curious about why buyers invest in them, please join me for this informational seminar hosted by Kuilei Place. Build Wealth through Real Estate Seminar: Invest in your future Wednesday, Jan. 31, 4:00 – 6:00 pm The Pacific Club 1451 Queen Emma Street Honolulu, HI 96813 […]
Market News Hawaii’s Housing Market: What to Expect in 2024 2023 Look Back The housing market in 2023 marked the slowest year for existing home sales in 30 years, according to the National Association of Realtors (NAR). Challenges included skyrocketing mortgage rates, low inventory of homes, and continued market volatility. Consumer confidence waned, leading buyers and sellers to delay or cancel their buying and selling […]
Home Buyer Tips Mortgage Rates: Past, present, and possible future If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of where mortgage rates have been historically compared […]
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Homeowner Tips Homeowner alert: Property insurers rethink coverage in Hawaii If you are a property owner, there’s a good chance that your insurance premiums have increased, or will increase, perhaps significantly. After several unprecedented natural disasters on the mainland, states like Texas, Florida, and California have seen insurance carriers massively raise rates or leave these markets entirely. Now Hawaii has come into the spotlight with […]
Home Buyer Tips Oahu Market Update: Home prices remain resilient It was just over two years ago — August 2021 — when the median sales price of an Oahu home topped $1 million for the first time. Despite an economy-crippling pandemic and multiple mortgage rate hikes over the past 24 months, the median sales price (MSP) slipped under $1 million only three times — and […]
Market News July 2023 Market Update In July 2023, the real estate landscape on Oahu experienced some noteworthy shifts. Let’s dive into the key highlights to keep you updated about the current trends of this dynamic market. Despite rising interest rates and economic challenges, Oahu’s housing market’s value remains strong. Buyers are resolute in their desire to own property on Oahu […]
Market News Oahu Market Update: Home prices vibrant, despite rising interest rates It’s true that the latest statistics compared to last year show a decline in activity. It was May 2022 when the Federal Reserve announced its plan to raise the federal funds rate to curb inflation. That was the impetus in the slowing of the market which is what the Fed intended. Yet, despite interest rate hikes and […]
Market News Kuilei Place: New 43-story development moves forward Just a few days ago, the Honolulu City Council unanimously approved permit fees exemptions for a high-rise condominium project that will add 1,005 new housing units on Kapiolani Boulevard in Moiliili. Of these units, approximately 60% will be affordable housing with the remaining 40% priced at market rates. Developed by the Kobayashi Group, sales will […]
Market News Oahu market update Higher-end homes and condos continue to sell, inventory up in 2023 Even with mortgage interest rates being twice what they were a year ago, according to a CNN report, our local real estate market is off to a strong 2023. The 2022 annual stats from the Honolulu Board of Realtors reveal that while sales have […]
Market News Oahu Market Update Higher-end homes and condos continue to sell, inventory up in 2023​​​​​​​ Even with mortgage interest rates being twice what they were a year ago, according to a CNN report, our local real estate market is off to a strong 2023. The 2022 annual stats from the Honolulu Board of Realtors reveal that while sales have […]
Market News Oahu Market Update Single-family home median sales price falls below $1 million   It’s the first time in nearly a year and a half that the median single family home price has dropped below the $1M mark on Oahu. Condo prices have also decreased. Sales volume have dropped 54% for single family homes and 50% for condos. This […]
Market News Oahu market update Oahu market update Sales slow in October as prices hang tough Normally, as the summer selling frenzy has calmed and we approach Thanksgiving, inventory goes up some, and sales slow. Closed sales ebb and flow with the market — peaking in the summer months when school’s out and then slowing in the fall and into […]
Market News Highest Property Sale in October Highest Property Sale in October 59-389 Ke Nui Road, Haleiwa, HI 96712 (off-market) • List Price: $$6,500,000 • Days on Market: 23 • 4 bedrooms, 3-1/2 baths • 8,140 sq. ft. land • Sold Price: $6,500,000 • Built: 1971 • 1,378 sq. ft. living –> $4,717/sq. ft.    
Market News NAR Chief Economist’s outlook on the U.S. housing market     Greetings! I hope this finds you in good health and good spirits as we enter the season of gratitude and giving. Did the holiday sneak up on you like it did for me? It’s my favorite time of year and I do have much to be thankful for. Thank you for your continued […]
Market News September 2022 Market Update There’s no question that rising interest rates are weighing down home sales. Year-to-date, the shift in affordability has had a greater impact on the single-family home market, with sales down 34.4% from a year ago. Condo market sales are down 19.3%.​​​​​​​ With new listing inventory still low, the median sales price has remained relatively flat over […]