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Honolulu, HI Real Estate News

By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 The Hawaii Pet Expo is back after a three-year pause. Help celebrate National Pet Week (May 7-13, 2023) with a fun-filled, FREE event at the Neal S. Blaisdell Center Exhibition Hall. All pets are welcome to attend, but for safety reasons, dogs must be leashed at all times, and all pets should be in good health and controlled by their owners throughout the event.There will also be various non-profit animal welfare organizations and businesses that will be providing pet products and services, crafters, and more! Plus, for anyone interested in speaking with an expert veterinarian about anything concerning their pet, there will be free pet care advice via the Hawaii Veterinary Medical Association’s Ask-A-Vet-Booth. COST:  FREE LOCATION: Neal S. Blaisdell Center Exhibition Hall  For expert ...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Downtown and Nu'uanu Honolulu, March 2023   Single Family Homes March Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 3 / 5  -40% 11 / 24  -54% Median Sales Price $1.31 / $1.4M  -6%  $1.148M / $1.24M  -7%  Percent of Original List Price Received 86.7% / 100.0%  -13%   93.3% / 101.3%  -8%  Median Days on Market Until Sale 9 / 3  200% 17 / 8  113% New Listings 7 / 7  0% 21 / 22  -5%  Pending Sales 5 / 4  -50% 11 / 19  -42% Active Inventory 23 / 15  53% ---    Condos March Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 32 / 42  -24% 89 / 120  -26% Median Sales Price $590,500 / $605,750  -2%   $583,000 / $529,000  10% Percent of Original List Price Received 99.2% / 100.2%  -1% 97.8% / 100.0%  -2% Median Days on Market Until Sale 17...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Diamond Head & Kapahulu Honolulu, March 2023   Single Family Homes March Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 13 / 19  -32%  26 / 50  -48%  Median Sales Price $1.675M / $1.5M 12%   $1.3275M / $1.55M -14%  Percent of Original List Price Received 94.9% / 100.0%  -5%   94.4% / 100.0%  -6% Median Days on Market Until Sale 54 / 16  238%  32 / 17  88% New Listings 10 / 22  -55% 37 / 57  -35% Pending Sales 17 / 18  -6% 44 / 54 -19% Active Inventory 31 / 27  15% ---    Condos March Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 4 / 13  -69%  14 / 36  -61%  Median Sales Price $790,000 / $580,000  36%    $713,500 / $587,500  21% Percent of Original List Price Received 100.0% / 100.0%  0% 100.0% / 100.0%  0%    Median Days on M...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Makiki & Moili'ili Honolulu, March 2023   Single Family Homes March Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 14 / 12  17%  23 / 27  -15%  Median Sales Price $1.5M / $1.5755M   -5%   $1.6M / $1.64M  -6%   Percent of Original List Price Received 98.0% / 97.0%  1% 95.7% / 100.0%  -4% Median Days on Market Until Sale 14 / 35  -60% 15 / 26  -42% New Listings 11 / 17  -35% 36 / 37  -3% Pending Sales 10 / 20  -50% 31 / 34  -9% Active Inventory 24 / 19  26% ---    Condos March Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 41 / 82  -50% 86 / 192  -55%  Median Sales Price $430,000 / $426,500  1%   $404,500 / $415,000  -3% Percent of Original List Price Received 97.9% / 100.0%  -2% 97.8% / 100.0%  -2% Median Days on Market Until S...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
8th Annual Manu-o-Kū FestivalSat at 10:00AM - 2:00PM'Iolani Palace Coronation Lawn 364 South King Street, Honolulu 96813 Educational booths, entertainment, keiki games, crafts, prizes, a nature costume contest (all ages), digital photo exhibit, bird tours and a spotting scope.The 8th annual Manu-o-Kū festival celebrates the Hawaiian white tern, which is a native Hawaiian seabird and the Official Bird of the City and County of Honolulu. Manu-o-Kū are also listed as a threatened species. Held on the beautiful grounds of 'Iolani Palace, where these birds live in the Palace trees, there will be educational booths, keiki games, crafts, prizes, a nature costume contest (all ages), digital photo exhibit, bird tours and a spotting scope.  There will be entertainment under the tent by Kumu Hula ...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Ala Moana & Kaka'ako Honolulu, March 2023   Single Family Homes March Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 0 / 0  0% 0 / 1  -100%   Median Sales Price $0 / $0  0%   $0 / $1.205M  0% Percent of Original List Price Received 0.0% / 0%  0% 0.0% / 96.5%  0% Median Days on Market Until Sale 0 / 0  0% 0 / 36  0% New Listings 0 / 2  -100% 1 / 5  -80% Pending Sales 1 / 1  0% 1 / 2  -100% Active Inventory 0 / 4  -100% ---    Condos March Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 55 / 76  -28%  124 / 199  -38% Median Sales Price $830,000 / $760,500   9%   $645,000 / $775,000  -17% Percent of Original List Price Received 95.9% / 98.8%  -3% 96.6% / 97.9%  -1% Median Days on Market Until Sale 39 / 23  70% 41 / 35  17% New Lis...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Waikiki Honolulu, March 2023   Single Family Homes March Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 0 / 1  -100% 0 / 1  -100% Median Sales Price $0 / $1.5M  0% $0 / $1.5M  0% Percent of Original List Price Received 0 / 90.9  0% 0 / 90.9  0% Median Days on Market Until Sale 0 / 103  0% 0 / 103  0% New Listings 0 / 0  0% 0 / 0  0% Pending Sales 0 / 0  0% 0 / 0  0% Active Inventory 0 / 0  0% ---    Condos March Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 97 / 132  -27%  251 / 333  -25% Median Sales Price $470,000 / $442,500  6%   $403,750 / $403,000  3% Percent of Original List Price Received 97.3% / 98.8%  -2% 97.0% / 98.2%  -1% Median Days on Market Until Sale 31 / 14  121% 27 / 21  29% New Listings 150 / 140  7% 379 / 4...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 WAIKIKI HONOLULU: VILLA ON EATON SQUAREThe Villa on Eaton Square was completed in 1973 and offers primarily Fee Simple condos with some Lease Hold units still available, with the lease expiring in 2049. The Villa on Eaton Square is a pet friendly 36 story condo complex in the West-end of Waikiki.The building offers studios, 1 bedroom, and 2 bedroom condominiums on the penthouse level. Building amenities include: a roof top recreation deck with a heated pool, sauna, BBQ areas with tables, a clubhouse for entertaining,  workout and dance/yoga rooms, BBQs, meeting room, and a resident manager.The Villa on Eaton Square is a short distance to the beach, restaurants, retail shops and public transportation. There are 27 commercial units in the building courtyard, including a post office, bank...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
16th Annual Mauka to Makai Environmental ExpoApril 15, 2023, from 9 a.m. to 2 p.m. Holo holo Waikīkī Aquarium for the 16th Annual Mauka to Makai Environmental Expo on Saturday, April 15, 2023, from 9 a.m. to 2 p.m.Presented by the City and County of Honolulu’s Department of Facility Maintenance, the Hawai’i State Department of Health Clean Water Branch, and the Waikīkī Aquarium, this FREE, family-friendly event promotes the importance of keeping Hawai‘i clean and free of pollution, from the mountaintops to the ocean.Guests will enjoy live entertainment, native plant giveaway (limited to one per household, while supplies last), and interactive activities from various organizations including hands-on learning, arts and crafts, and educational exhibits that showcase ways to protect and pre...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
BUNNY BASH: Hop into Easter!SALT at Our Kaka‘ako is throwing a Bunny Bash on Sunday, April 9, 2023, from 2 – 4 p.m! This fun-filled event will offer an array of family-friendly activities in The Barn and is free to attend. Holo holo with your ʻīlio too as SALT is pet friendly!You can “Hop into Easter” when you visit SALT’s colorful Springtime-themed photo station to take selfies with the Easter Bunny. Bring their own camera and phone to take pictures free of charge. Keiki can also enjoy Spring/Easter make-and-take crafts (while supplies last). Plus, you can enter to spin-to- win prizes from your favorite SALT merchants! LOCATION:  For expert Real Estate Sales and Pet Friendly Property ManagementIn Honolulu, HawaiiCONTACT HI Pro Realty TODAY!
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Median Sales Price for O‘ahu Condos Reaches Record HighSingle-family home and condo sales pick up in March after a seasonal slumpAccording to resales figures released this week by the Honolulu Board of REALTORS®, O‘ahu’s housing market experienced a boost in activity from February to March, with sales rising approximately 36% month-over-month in both single-family home and condo markets. Although year-over-year sales continued to fall short of 2022 – down 26.5% for single-family homes and 33.9% for condos year-over-year – 236 single-family homes and 444 condos sold in March 2023.Using data collected from its computerized Multiple Listing Service (MLS) system, the Board reported the following statistics:Single-Family Home Resales   Number of Sales Median Sales Price March 2023 236  -26.5...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
               Latest rates, based on 20 percent down, $200,000 owner-occupant mortgages. The rates and terms may vary; check with lenders for details. Rates may have changed click here to verifyWednesday, April 5, 2023  Lender Term/Type Interest Rate % Points % *APR Aloha Pacific Federal Credit Union808-531-3711NMLS#377314 15-YR Fixed 4.625 1.875 5.080 30-YR Fixed 5.250 2.000 5.535 5-YR ARM 4.375 0.625 4.521 American Savings Bank808-593-1226NMLS#423168 15-YR Fixed 4.625 1.875 5.028 30-YR Fixed 5.375 2.000 5.633 5-YR ARM 4.500 1.500 5.912 Bank of Hawaii877-616-2636 15-YR Fixed 4.875 2.250 5.221 30-YR Fixed 5.500 2.250 5.707 5-YR ARM 4.375 2.500 5.774 Central Pacific Bank808-544-0500NMLS#416603 15-YR Fixed 4.750 1.875 5.164 30-YR Fixed 5.375 1.875 5.626 5-YR ARM 5.750 0.000 6.917 Finance...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
WAIKIKI HONOLULU: WAIKIKI LANDMARKWaikiki Landmark is a 38 story two tower condo complex in the West-end of Waikiki. The building offers Studio, 1, 2 and 3 Bedroom units are available on the penthouse levels. Building amenities include a recreation deck, 3 pools, 2 spa tubs, a recreation room, BBQs, meeting room, resident manager, and 24 hr. security.Completed in 1993, the pet friendly Waikiki Landmark has 217 condo units with commercial units on the first few floors. The top five floors bridge the two triangular towers and house several penthouse units per floor. The building has both Fee Simple and Lease Hold condos available. The penthouse levels have exclusive keyed elevator service with some units topping 4,000 sq.ft. Waikiki Landmark is bordered on one side by Ala Wai Boulevard an...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Downtown and Nu'uanu Honolulu, February 2023   Single Family Homes February Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 2 / 9  -78% 8 / 19  -58% Median Sales Price $905,000 / $1.23M  -26%  $1.129M / $1.23M  -8%  Percent of Original List Price Received 100.2% / 102.5%  -2%   95.9% / 102.5%  -6%  Median Days on Market Until Sale 50 / 8  525% 21 / 9  133% New Listings 4 / 4  0% 14 / 15  -7%  Pending Sales 3 / 6  -50% 6 / 15  -60% Active Inventory 21 / 12  75% ---    Condos February Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 40 / 30 33% 57 / 78 -27% Median Sales Price $490,000 / $500,750  -2%   $560,000 / $503,750  11% Percent of Original List Price Received 95.9% / 100.0%  -4% 97.1% / 100.0%  -3% Median Days on Market Unti...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Diamond Head & Kapahulu Honolulu, February 2023   Single Family Homes February Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 9 / 14  -36%  13 / 31  -58%  Median Sales Price $1.305M / $1.7475M -25%   $1.2M / $1.585M -24%  Percent of Original List Price Received 94.0% / 106.0%  -11%   94.0% / 100.80%  -6% Median Days on Market Until Sale 27 / 11  145%  30 / 18  67% New Listings 15 / 21  -29% 27 / 35  -23% Pending Sales 10 / 17  -41% 27 / 36  -25% Active Inventory 41 / 24  71% ---    Condos February Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 7 / 12  -42%  10 / 23  -57%  Median Sales Price $790,000 / $580,000  36%    $682,500 / $580,000  18% Percent of Original List Price Received 95.8% / 100.0%  -4% 99.5% / 100.0%  -1%    Me...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Makiki & Moili'ili Honolulu, February 2023   Single Family Homes February Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 2 / 8  -75% 9 / 15  -40% Median Sales Price $5.7M / $1.5625M  265%   $1.6M / $1.64M  -2%   Percent of Original List Price Received 93.7% / 102.2%  -8% 91.4% / 100.8%  -9% Median Days on Market Until Sale 28 / 26  8% 22 / 22  0% New Listings 12 / 14  -14% 25 / 20  25% Pending Sales 11 / 9  22% 21 / 14  50% Active Inventory 24 / 24  0% ---    Condos February Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 20 / 56  -64%  45 / 110  -59%  Median Sales Price $375,000 / $402,500 -7%   $382,000 / $398,750 -4% Percent of Original List Price Received 95.7% / 99.7%  -4% 96.9% / 99.1%  -2% Median Days on Market Until Sal...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
The 2023 Hawaiian Scottish Festival & Highland Games and Ceilidh Saturday and Sunday, April 1 and 2, 2023 Hele mai the Annual Hawaiian Scottish Festival & Highland Games to celebrate the heritage and history of the Scots in Hawaii. Hosted by the Hawaiian Scottish Association, a 501(c)3 nonprofit organization.  THE FESTIVAL FEATURES: Highland games and athletics, men's and women's competition prizes (learn about the history of the athletic events) Highland Dance competition Entertainment including piping, music, song and dance A gathering of Clans from around Hawaii, as well as from the mainland, to display information pertinent to themselves, and invite other members of the clan to join them Demonstrations of swordplay, weaving, and fencing Vendors featuring Scottish wear, Celtic clothi...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Ala Moana & Kaka'ako Honolulu, February 2023   Single Family Homes February Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 0 / 0  0% 0 / 1  -100%   Median Sales Price $0 / $0  0%   $0 / $1.205M  0% Percent of Original List Price Received 0.0% / 0%  0% 0.0% / 96.5%  0% Median Days on Market Until Sale 0 / 36  0% 0 / 36  0% New Listings 1 / 2  -50% 1 / 3  -67% Pending Sales 0 / 1  0% 0 / 1  -100% Active Inventory 1 / 3  -67% ---    Condos February Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 30 / 58  -48%  69 / 123  -44% Median Sales Price $502,500 / $750,000  -33%   $593,750 / $790,000  -25% Percent of Original List Price Received 96.0% / 96.3%  0% 96.6% / 97.2%  -1% Median Days on Market Until Sale 70 / 52  35% 49 / 41  20% ...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Waikiki Honolulu, February 2023   Single Family Homes February Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales NO SALES NO SALES Median Sales Price $0 / $0  0% $0 / $0  0% Percent of Original List Price Received 0 / 0  0% 0 / 0  0% Median Days on Market Until Sale 0 / 0  0% 0 / 0  0% New Listings 0 / 0  0% 0 / 0  0% Pending Sales 0 / 0  0% 0 / 0  0% Active Inventory 0 / 0  0% ---    Condos February Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 93 / 100  -7%  154 / 201  -23% Median Sales Price $390,000 / $382,500  2%   $403,750 / $403,000  0% Percent of Original List Price Received 96.7% / 98.2%  -2% 96.6% / 97.9%  -1% Median Days on Market Until Sale 25 / 19  4% 26 / 27  -4% New Listings 100 / 170  -41% 229 / 341  -33%   Pendi...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
WAIKIKI HONOLULU: WAILANA AT WAIKIKIWailana at Waikiki  is a 24-story high-rise condominium completed in 1970 and has 186 residential condos and several commercial units. The building has both Fee Simple and Lease Hold condos available with the lease expiring in 2039. Located in the popular West-end of Waikiki, the Wailana is close to Waikiki beaches, many hotels, restaurants and retail shops. The pet friendly Wailana at Waikiki overlooks Fort Derussy Park with some of the upper floors enjoying ocean views. The complex has 2 bedroom, 2 bath and 3 bedroom, 2 bath floor plans and each condo comes with a lanai and 1 assigned parking space. The building amenities include central AC, heated swimming pool, recreation area, BBQs, secured lobby and elevators.  The famed Wailana Coffee Shop was ...
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