Honolulu, HI Real Estate News

By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 Local Market Update - Downtown and Nu‘uanu Honolulu, August 2020   Single  Family Homes August Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 5 / 16  -69% 76 / 114  -33% Closed Sales 6 / 5   20% 48 / 59   -19% Median Sales Price $825,000 / $895,000 -8%  $865,500 / $900,000  -4%   Percent of Original     List Price Received 96.0% / 98.0%  -2% 95.9% / 96.2%  0% Median Days on Market Until Sale 34 / 18  89% 26 / 26  0% Inventory of Homes for Sale 33 / 44  -25% ---   Condos August Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 40 / 61  -34% 365 / 532  -31% Closed Sales 29 / 36  -19% 229 / 295  -22% Median Sales Price $550,000 / $572,500  -4% $570,0000 / $594,500  -4% Percent of Original List Price Received 97.5% / 98.4%  -1% 96.6% / 97.9%  -1% Median Days ...
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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 August 2020   Single Family Homes August Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 33 / 18  83% 207 / 260 -20% Closed Sales 19 /  20  -5% 109 / 151  -28% Median Sales Price $995,000 / $987,238  1% $965,000 / $1.095M  -12%     Percent of Original List Price Received 96.5% / 93.9%  3% 96.5% / 96.3%  0% Median Days on Market Until Sale 31 / 44  -30% 27 / 17  59% Inventory of Homes for Sale 117 / 113  4% --- Condos August Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 10 / 11  -9% 85 / 96  -11% Closed Sales 3 / 10  -70% 33 / 62  -47% Median Sales Price $545,000 / $562,500  -3% $548,500 / $542,500  1% Percent of Original List Price Received 97.2% / 97.1%  0% 97.7% / 97.1%  1% Median Days on Market Until Sale...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 Honolulu Century RideSep 27, 20206:00 AM until 5:00 PM Ride in Hawaiʻi’s largest cycling event, the 39th Annual Honolulu Century Ride! Meet new friends and cyclists of all levels. Choose to ride 25, 50, 75, or 100 miles, taking in some of Oʻahu’s most magnificent views. Or join the family friendly 5, 9, or 18 mile Aloha Fun Ride.     Ride in the family friendly 5, 9, or 18 mile Honolulu Aloha Fun Ride! (Bike ride starts one hour after the Honolulu Century Ride start). Fully supported with aid stations serving energizing snacks and drinks to keep everyone rolling with smiles all the way to the finish!        Entry Fee:$40–$100 Location:Kapi‘olani Park3840 Paki AveHonolulu, HI Website:https://www.hbl.org/honolulucenturyride/     For Expert Real Estate Sales and Pet Friendly Property Mana...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 Local Market Update - Makiki and Moili‘ili Honolulu, August 2020   Single  Family Homes  August Year to Date 2020 / 2019 Change  2020 / 2019 Change         New Listings 9 / 20  -55% 114 / 141  -19% Closed Sales 11 / 12  -8% 65 / 85  -24% Median Sales Price  $1.410M / $962,944  46%  $1.225M/ $1.16M  6% Percent of Original  List Price Received 97.0% / 95.4%  2% 97.0% / 95.2%  2% Median Days on Market Until Sale 62 / 42  48% 30 / 26  15% Inventory of Homes for Sale 54 / 62  -13% ---    Condos August Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 75 / 67  12% 513 / 597  -14% Closed Sales 47 / 65  -28% 300 / 362  -17% Median Sales Price $350,000 / $382,500  -8% $375,000 / $368,500  2% Percent of Original List Price Received 97.6% / 96.7%  1% 96.7% / 97.0% 0% Median Days on ...
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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 and Kaka‘ako Honolulu - August 2020   Single   Family Homes August Year to Date 2020 / 2019 Change           2020 / 2019 Change New Listings 1 / 0  0% 11 / 4  175%  Closed Sales 0 / 0  0% 5 / 2  150% Median Sales Price $0 / $0  0% $904,000/ $997,500  -9%  Percent of Original List Price Received 0.0% / 0.0%  0% 95.1% / 89.6%  6% Median Days on Market Until Sale 0 / 0  0% 13 /  29  -55% Inventory of Homes for Sale 5 / 3  67% ---        Condos   August Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 74  /  78  -5% 547  / 620  -12%   Closed Sales 35 / 31  13% 246 / 335  -27% Median Sales Price $560,000 / $369,500  52%    $652,500 / $657,000  -1%    Percent of Original List Price Received 95.5% / 95.9%  0%    96.0% / 95.8%  0%   Median Days o...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 Local Market Update - The Waikiki Neighborhood of Honolulu - August 2020  Single Family Homes August Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 0 / 0  0% 3 / 1  200% Closed Sales 0 / 0  0% 1 / 0  0% Median Sales Price $0.0 / $0.0  0% $1.290M / $0.0  0% Percent of Original List Price Received 0.0% / 0.0% 95.6% / 0.0%  0% Median Days on Market Until Sale 0 / 0  0% 8 / 0  0% Inventory of Homes for Sale 1 / 0  0% ---     Condos August Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 169 / 208  -19% 1107 / 1439  -23% Closed Sales 55 / 100 -45% 432 / 671  -36% Median Sales Price $398,000 / $385,550  3% $390,000 / $397,750  -2% Percent of Original List Price Received 95.8% / 96.6%  -1% 95.2% / 96.9%  -2% Median Days on Market Until Sale 26 / 35  -26% 46 / 3...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  O‘AHU’S HOUSING MARKET SEES MIXED ACTIVITY AMID ONGOING PANDEMIC Single-family home market marks new record and steady recovery, while condos continue to trail 2019 activity   HONOLULU – According to resales figures released this week by the Honolulu Board of REALTORS®, O‘ahu’s single-family home market continues to make a steady recovery, while condo activity struggles to regain momentum as the pandemic stretches on. Most notably, sales of single-family homes in August marked a new record-high median sales price of $839,000, climbing from $790,000 this time last year and representing a year-over-year increase of 6.2%.       Using data collected from its computerized Multiple Listing Service (MLS) system, the Board reported the following statistics:  Single-Family Home Resales   Numb...
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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 verify   Lender Term/Type Interest Rate % Points % *APR Acclaim Capital Mortgage - a Kama'aina Company383-5931NMLS#304090 15-YR Fixed 2.375 1.091 2.513 30-YR Fixed 2.375 1.422 2.512 5-YR ARM       Aloha Pacific Federal Credit Union531-3711NMLS#377314 15-YR Fixed 2.125 0.875 2.390 30-YR Fixed 2.500 0.750 2.635 5-YR ARM 2.500 0.000 2.742 American Savings Bank, F.S.B593-1226NMLS#423168 15-YR Fixed 2.125 1.625 2.439 30-YR Fixed 2.500 2.000 2.702 5-YR ARM 3.500 0.000 3.392 Bank of Hawaii877-616-2636NMLS# 15-YR Fixed 2.375 1.375 2.571 30-YR Fixed 2.875 0.750 2.934 5-YR ARM 2.375 1.125 2.874 Central Pacific Bank544-0500NM...
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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, July 2020   Single  Family Homes       July Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 14 / 12  17% 71 / 98  -28% Closed Sales 6 / 8   -25% 42 / 54   -22% Median Sales Price $835,500 / $1.13M  -26%  $865,500 / $907,500  -5%   Percent of Original     List Price Received 96.8% / 95.0%  2% 95.9% / 96.2%  0% Median Days on Market Until Sale 44 / 37  19% 26 / 27  -4% Inventory of Homes for Sale 36 / 43  -16% ---   Condos July Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 68 / 62  10% 325 / 471  -31% Closed Sales 36 / 42  -14% 200 / 259  -23% Median Sales Price $537,500 / $624,500  -14% $570,0000 / $605,000  -6% Percent of Original List Price Received 96.5% / 97.5%  -1% 96.4% / 97.9%  -2% Median Days ...
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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 July 2020   Single Family Homes July Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 39 / 38  3% 174 / 242  -28% Closed Sales 16 /  19  -16% 90 / 131  -31% Median Sales Price $962,500 / $1.220M  -21% $953,000 / $1.1M  -13%     Percent of Original List Price Received 97.7% / 96.8% 1% 96.4% / 96.4%  0% Median Days on Market Until Sale 21 / 27  -22% 27 / 15  80% Inventory of Homes for Sale 115 / 121  -5% --- Condos July Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 19 / 9  111% 75 / 85  -12% Closed Sales 4 / 7  -43% 30 / 52  -42% Median Sales Price $545,000 / $562,500  -3% $548,500 / $542,500  1% Percent of Original List Price Received 95.5% / 93.9%  2% 97.8% / 97.4%  0% Median Days on Market Until Sale 36 / 10...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 Help Paws of Hawaii with rescue and transportation, be a hero to animals in need! PAWS of Hawaii is a local, 501(c)3 non-profit, animal rescue on the island of O’ahu. POH is a foster based organization. POH works primarily in the homeless areas/camps of O’ahu, helping to care for, take in and adopt out the animals in need. Adoption candidates here PAWS of Hawaii is committed to promoting awareness and support to animal guardians to ensure the proper treatment, well-being, love, and quality of life of our animal friends. Volunteering with PAWS of Hawaii - Rescue and TransportationWhether it is picking up new rescues, helping with emergency transportation or helping to bring supplies to fosters that do not have transport, having a reliable motorvehicle and time to help is what Paws needs...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 Local Market Update - Makiki and Moili‘ili Honolulu, July 2020   Single  Family Homes  July Year to Date 2020 / 2019 Change  2020 / 2019 Change         New Listings 17 / 19  -11% 105 / 121  -13% Closed Sales 8 / 13  -38% 54 / 73  -26% Median Sales Price  $1.3015M / $1.188M  10%  $1.2125M/ $1.188M  2% Percent of Original  List Price Received 95.7% / 96.9%  -1% 96.5% / 94.9%  2% Median Days on Market Until Sale 33 / 34  -3% 27 / 26  4% Inventory of Homes for Sale 68 / 67  1% ---    Condos July Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 79 / 85  -7% 438 / 530  -17% Closed Sales 37 / 49  -24% 253 / 297  -15% Median Sales Price $385,000 / $410,000  -6% $385,000 / $362,000  6% Percent of Original List Price Received 96.4% / 96.0%  0% 96.6% / 97.1%  -1% Median Days on Mar...
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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 and Kaka‘ako Honolulu - July 2020   Single   Family Homes July Year to Date 2020 / 2019 Change           2020 / 2019 Change New Listings 3 / 1  200% 10 / 4  150%  Closed Sales 1 / 0  0% 5 / 2  150% Median Sales Price $625,000 / $0  0% $904,000/ $997,500  -9%  Percent of Original List Price Received 104.2% / 0.0%  0% 95.1% / 89.6%  6% Median Days on Market Until Sale 4 / 0  0% 13 /  29  -55% Inventory of Homes for Sale 5 / 3  67% ---        Condos   July Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 71  /  66  8% 473  / 542  -13%   Closed Sales 27 / 53  -49% 211 / 304  -31% Median Sales Price $700,000 / $651,500  7%    $662,750 / $672,500  -1%    Percent of Original List Price Received 92.2% / 96.3%  -4%    96.0% / 95.8%  0%   Median Da...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 Local Market Update - The Waikiki Neighborhood of Honolulu - July 2020  Single Family Homes July Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 0 / 0  0% 3 / 1  200% Closed Sales 1 / 0  0% 1 / 0  0% Median Sales Price $1.290M  / $0.0  0% $1.290M / $0.0  0% Percent of Original List Price Received 95.6% / 0.0% 95.6% / 0.0%  0% Median Days on Market Until Sale 8 / 0  0% 8 / 0  0% Inventory of Homes for Sale 1 / 0  0% ---     Condos July Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 141 / 203  -31% 938 / 1231  -24% Closed Sales 53 / 83  -36% 377/ 571  -34% Median Sales Price $430,000 / $415,000  4% $390,000 / $400,000  -3% Percent of Original List Price Received 95.1% / 97.5%  -2% 95.2% / 97.0%  -2% Median Days on Market Until Sale 50 / 28  79% 47 / 333  ...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 August is Microchip Madness Monthwhich means veterinarians island-wide, in partnership with the Hawaiian Humane Society, are offering low-cost microchipping of pets for just $10. As some of you may already be aware that there is a new City & County of Honolulu ordinance that mandates the microchipping of pet cats and dogs.  Participating veterinary clinics are waiving the cost of their veterinary office visit for dogs and cats to offer microchips at a considerable discount as part of an effort to reduce the number of lost pets on Oʻahu as well as help the community affordably adhere to. Last year, more than 1,300 pets received microchips through this program. Learn more about pet identification.  2020 participating clinics: Central/Leeward Oʻahu:Aloha Affordable Veterinary Services 445...
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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 verify   Lender Term/Type Interest Rate % Points % *APR Aloha Pacific Federal Credit Union531-3711NMLS#377314 15-YR Fixed 2.500 0.000 2.643 30-YR Fixed 2.625 0.125 2.712 5-YR ARM 2.500 0.000 2.742 American Savings Bank, F.S.B593-1226NMLS#423168 15-YR Fixed 2.000 1.750 2.330 30-YR Fixed 2.500 2.000 2.702 5-YR ARM 2.875 0.000 3.170 Bank of Hawaii877-616-2636NMLS# 15-YR Fixed 2.375 1.125 2.535 30-YR Fixed 3.000 -0.125 2.990 5-YR ARM 2.375 0.625 2.835 Central Pacific Bank544-0500NMLS#416603 15-YR Fixed 2.000 2.250 2.481 30-YR Fixed 2.500 1.750 2.686 5-YR ARM 2.750 0.000 3.034 Finance Factors, Ltd.548-3300NMLS#449916 15...
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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, June 2020   Single  Family Homes       June Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 7 / 14  -50% 57 / 86  -34% Closed Sales 9 / 9   0% 36 / 46   -22% Median Sales Price $828,000 / $1M  -17%  $877,500 / $890,000  -1%   Percent of Original     List Price Received 100.3% / 97.6%  3% 95.8% / 96.7%  -1% Median Days on Market Until Sale 23 / 14  64% 26 / 27  -4% Inventory of Homes for Sale 29 / 45  -36% ---   Condos June Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 46 / 77  -40% 257 / 409  -37% Closed Sales 24 / 31  -23% 164 / 217  -24% Median Sales Price $633,000 / $629,000  1% $587,0000 / $591,000  -1% Percent of Original List Price Received 94.8% / 99.2%  -4% 96.3% / 95.8%  1% Median Days on Ma...
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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 June 2020   Single Family Homes June Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 24 / 32  -25% 135 / 204  -34% Closed Sales 13 /  28  -54% 74 / 112  -34% Median Sales Price $956M / $1.1425M  -16% $953,000 / $1.0975M  -13%     Percent of Original List Price Received 97.2% / 98.3%  -1% 96.2% / 995.9%  0% Median Days on Market Until Sale 27 / 11  145% 29 / 14  107% Inventory of Homes for Sale 104 / 111  -6% --- Condos June Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 11 / 14  -21% 56 / 76  -26% Closed Sales 6 / 4 50% 26 / 45  -42% Median Sales Price $532,500 / $725,000  -27% $548,500 / $540,000  2% Percent of Original List Price Received 97.8% / 99.0%  -1% 98.1% / 94.9%  3% Median Days on Market Until Sale...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 Local Market Update - Makiki and Moili‘ili Honolulu, June 2020   Single  Family Homes  June Year to Date 2020 / 2019 Change  2020 / 2019 Change         New Listings 18 / 17  6% 88 / 102  -14% Closed Sales 7 / 9  -22% 46 / 60  -23% Median Sales Price  $1.270M / $1.299M  -2%  $1.195M/ $1.180M  1% Percent of Original  List Price Received 100.0% / 88.1%  14% 96.5% / 94.1%  3% Median Days on Market Until Sale 13 / 10  30% 27 / 18  3% Inventory of Homes for Sale 66 / 68  -3% ---    Condos June Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 66 / 78  -15% 359 / 445  -19% Closed Sales 37 / 51  -27% 216 / 248  -13% Median Sales Price $375,000 / $380,000  -1% $382,500 / $355,000  8% Percent of Original List Price Received 96.8% / 95.2%  2% 96.7% / 96.1%  1% Median Days on Market ...
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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 and Kaka‘ako Honolulu - June 2020   Single   Family Homes June Year to Date 2020 / 2019 Change           2020 / 2019 Change New Listings 1 / 1  0% 7 / 3 133%  Closed Sales 0 / 1  0% 4 / 2  100% Median Sales Price $0.0 / $1.05M  0% $927,000/ $997,500  -7%  Percent of Original List Price Received 0.0% / 91.3%  0% 93.9% / 89.7%  5% Median Days on Market Until Sale 0 / 18  0% 15 /  29  -48% Inventory of Homes for Sale 3 / 3  0% ---        Condos   June Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 62  /  67  -7% 402  / 476  -16%   Closed Sales 27 / 45  -40% 184 / 251  -27% Median Sales Price $480,000 / $735,000  -35%    $660,500 / $680,000  -3%    Percent of Original List Price Received 94.5% / 87.0%  9%    96.2% / 97.3%  -1%   Median Days...
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