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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 […]
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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 […]
Market News Will home prices drop as interest rates rise? We’ve all seen at least an article or two from national experts forecasting what to expect in home prices in this changing economy. Locally, there is no question that the real estate market is softening due to rising interest rates, high inflation, ongoing supply chain disruptions, and labor shortages. These conditions have weakened housing demand […]
Home Buyer Tips Insider tips to buying a home in today’s market It is always hard to predict the future, especially with the housing market. But one thing is for sure – real estate remains a sound investment. If you’re looking for your dream home, here are some tips to help set you up for success and guide you through this buying season. Assess Your Financial Health […]
Market News Market Update: July 2022 Oahu’s real estate market shows strength despite decline in sales volume Oahu’s finite amount of available island land on which to build, and historically limited inventory of homes for sale has long been the fundamentals for the island’s relentless housing demand, sustained rise in prices, and a prolonged seller’s market. But, in July, there was a […]
Market News Does the Housing Market Still Favors Sellers?   Ever since interest rates decreased at the beginning of the pandemic, it has been a sellers market in real estate. With low interest rates, buyers took the opportunity to buy homes and secure mortgages at these low rates. Competition for homes has increased significantly along with prices, sales continue to be brisk, and inventory […]
Market News Where will Real Estate’s Wild Ride Go? One could say that the housing market in 2021 was like a rollercoaster that kept on climbing. On average, home prices rose 10.6% across major cities nationwide in the 3rd quarter of 2021. This marked the fastest rate growth in nearly 17 years. Days on market, mortgage rates, median sales prices and inventory all broke records in 2021. Why did median home […]

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