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All About Hawaii Real Estate

By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Diamond Head & Kapahulu Honolulu, February 2024   Single Family Homes February Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 8 / 9  -11%  18 / 13  38% Median Sales Price $1.285M / $1.305M  -2%    $1.345M / $1.2M  12%   Percent of Original List Price Received 95.8% / 94.0%  2% 96.9% / 94.0%  3% Median Days on Market Until Sale 56 / 27  107% 49 / 30  63% New Listings 17 / 15  13% 33/ 27  22% Pending Sales 12 / 10  20% 23 / 27  -15% Active Inventory 45 / 41  10% ---    Condos February Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 5 / 7  -29% 12 / 10  20%  Median Sales Price $1M / $790,000  27% $712,5000 / $682,500  4% Percent of Original List Price Received 100.0% / 95.8%  4% 98.4% / 99.5%  -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 )
  Local Market Update  Waikiki Honolulu, February 2024   Single Family Homes February Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales No Recorded Sales No Recorded 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 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 85 / 93  -9% 155 / 154  1% Median Sales Price $443,000 / $390,000  14% $435,000 / $403,750  8% Percent of Original List Price Received 97.5% / 96.7%  1%  96.9% / 96.6%  0% Median Days on Market Until Sale 37 / 25  48% 37 / 26  42% New Listings 129  / 100  29% 276  / 22...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
A little over a month ago, we noticed a $10 million price drop for a penthouse condo at One Ala Moana.
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Luck is in the air this St. Patricks Day: from March 15-17, adoption fees for all animals are 100% waived with our Lucky Charms Adoption Special! Find your pot of gold at our Mōʻiliʻili Campus and Kosasa Family Campus at Hoʻopili, plus our off-site adoption partners, Hawaiʻi Cat Cafe and Pounce Hawaiʻi.Got commitment issues? Instead of adopting, consider fostering a dog with Couch Crashers or a cat through Lap Crashers! Ask an Adoptions Representative at one of our Hawaiian Humane campuses about how you can short-term foster an adoptable animal.If you’ve been considering pet adoption, don’t miss this opportunity! Hawaiian Humane has an unprecedented number of adoptable pets, including puppies, kittens, adult dogs and cats, rabbits, guinea pigs and more. Find your new best friend today. ...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Hele Mai WAIKIKI AQUARIUM for an oceanic egg-sploration on Saturday, March 16th 9AM-2PM for the return of SEAHUNT!  Kid-friendly activities include: an egg hunt with the chance to win prizes (available for children 4 years and older), an opportunity to design your own ocean-inspired egg, educational booths, special feedings, a visit from a mermaid, Pigtails and Crew Cuts, and LEAHI LEGO. Treats provided by Diamond Bakery will be available while supplies last. Included with paid Aquarium Admission  TICKETS:$5 - $12  - Kama'aiana and Military discountKeiki 3 and under have free admission. LOCATION: Waikiki Aquarium2777 Kalakaua Avenue,Honolulu, HI(808) 923-9741 The Waikīkī Aquarium can also be reached by TheBus (Route 14, 19, 20, or 22) and Waikīkī Trolley’s Green line. For expert Real Es...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
At the bottom of Hobron Lane at the Ala Wai Boat Harbor, we're going to be talking about the pros and cons today of the Ilikai vs. the Ilikai Marina in Waikiki.... Read More
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
Can you believe that the median sales price for a home on Oahu was up 8.9% from a year ago? This is David Buck with Harcourts Island Real Estate, here to report on the home and condo stats on the island of Oahu for February of 2024... Read More
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
O‘ahu Housing Market Warms Up in FebruarySingle-family home and condo sales continue to rise despite modest increase in median pricesHONOLULU – According to resale figures released this week by the Honolulu Board of REALTORS®,  single-family home sales totaled 179, while condo sales reached 334—a modest gain of 3.5% and 2.8%, respectively. When combined with January sales, 2024 shows continued improvement over 2023, with total year-to-date sales up by 7.2% compared to the same period last year.Both markets experienced year-over-year growth in median sales price. Single-family homes observed an 8.9% jump, reaching $1,075,000, while condo sales increased 6.8% to $512,500. Additionally, the median days on the market for single-family homes decreased by 17 days to 30 days from 47 days in Fe...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
It was intriguing to find that there was only 1 home for sale in Portlock and it was listed for $8,500,000, which sounds a little bit shocking. However, it shouldn't be too surprising as that market has been heating up in Portlock. There's been 2 sales over the past 6 months that are north of $8 million. There was a also a couple trades on the lower end in the $2-3 million range, but those ($8 million ones) were beautiful homes on the water.... Read More
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Kunia Orchid Show and Plant SaleFriday, March 22, 2024, 9:00am-5:00pm Saturday, March 23, 2024 , 9:00am-4:00pmMark your calendars the the Kunia Orchid Show is nearing full bloomThe 66th Kunia Orchid Show and Plant Sale will be held at the Leilehua High School Gymnasium on Friday, March 22nd and Saturday, 23rd from 9 am to 5 pm on Friday and 9 am to 4 pm on Saturday. Admission is free and there is plenty of available parking. The show features local orchid clubs showcasing their very best blooming specimens. Local plant vendors will be selling a selection of live orchid plants at reasonable prices. Educational sessions will cover general information on growing orchids, including optimum growth factors of water, light and fertilizer applications as well as the best types of orchid media f...
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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, February 28, 2024  Lender Term/Type Interest Rate % Points % *APR American Savings Bank808-593-1226NMLS#423168 15-YR Fixed 5.750 1.875 6.178 30-YR Fixed 6.500 1.875 6.771 5-YR ARM 6.000 2.000 7.436 Bank of Hawaii877-616-2636 15-YR Fixed 6.375 1.000 6.534 30-YR Fixed 6.500 1.625 6.658 5-YR ARM 6.250 1.000 7.399 Central Pacific Bank808-544-0500NMLS#416603 15-YR Fixed 5.750 2.125 6.228 30-YR Fixed 6.375 2.000 6.661 5-YR ARM 6.875 0.000 7.798 Finance Factors808-548-3300NMLS#449916 15-YR Fixed 5.750 2.125 6.318 30-YR Fixed 6.375 2.250 6.742 5-YR ARM 6.375 1.500 7.656 First Hawaiian Bank808...
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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, January 2024   Single Family Homes January Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 6 / 6  0%  6 / 6  0% Median Sales Price $1.19M / $1.64M  2% $1.19M / $1.64M  2% Percent of Original List Price Received 94.3% / 95.9%  -2%  94.3% / 95.9%  -2%  Median Days on Market Until Sale 22 / 21  5% 22 / 21  5% New Listings 6 / 10  -40% 6 / 10  -40% Pending Sales 3 / 3  0% 3 / 3  0% Active Inventory 21 / 23   -9% ---    Condos December Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 21 / 17  24% 21 / 17  24% Median Sales Price $550,000 / $670,000  -18% $550,000 / $670,000  -18% Percent of Original List Price Received 98.4% / 98.5%  0%  98.4% / 98.5%  0% Median Days on Market Until Sale 19 / 36  -47% 19 ...
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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, January 2024   Single Family Homes January Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 10 / 4  150%  10 / 4  150% Median Sales Price $1.425M / $1.1M  30%    $1.425M / $1.1M  30%   Percent of Original List Price Received 99.4% / 93.8%  6% 99.4% / 93.8%  6% Median Days on Market Until Sale 37 / 49  -24% 37 / 49  -24% New Listings 16 / 12  30% 16 / 12  30% Pending Sales 11 / 17  -35% 11 / 17  -35% Active Inventory 41 / 35  17% ---    Condos January Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 7 / 3  133%  7 / 3  133%  Median Sales Price $607,000 / $365,000  66% $607,000 / $365,000  66% Percent of Original List Price Received 98.2% / 102.0%  -4% 98.2% / 102.0%  -4%  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  Makiki & Moili'ili Honolulu, January 2024   Single Family Homes January Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 7 / 7  0%   7 / 7  0%   Median Sales Price $1.488888M / $1.435M  4% $1.488888M / $1.435M  4% Percent of Original List Price Received 97.4% / 91.4%  7% 97.4% / 91.4%  7% Median Days on Market Until Sale 19 / 22   -14% 19 / 22   -14% New Listings 10 / 13  -23% 10 / 13  -23% Pending Sales 5 / 10  -50% 5 / 10  -50% Active Inventory 38 / 21  81% ---    Condos January Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 27 / 25  8% 27 / 25  8%  Median Sales Price $405,000 / $382,000  6%   $405,000 / $382,000  6%  Percent of Original List Price Received 98.3% / 97.6%  1% 98.3% / 97.6%  1% Median Days on Market Until Sale 3...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
What's exciting about that for the owners is the lease has been extended for another 65 years. They did not have to turn over the keys and walk away, which could have been the worse case scenario, when owning leasehold property in Hawaii. What's awesome about Sans Souci now is these owners have a chance to renew their lease for another 65 years. This creates some instant equity, versus not having anything left... Read More
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
Local Neighborhood Update for HomesFirst, we're going to start off with the single family homes and there we saw an increase of 500% from sales year over year. A year ago in Waialae-Kahala, there was only 1 transaction that took place and this past month we saw 6 sales... Read More
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
It's a tight neighborhood. This was a quality product done by Gentry. This is the very end of Kuanoo Street in Ewa Beach, for those that aren't familiar. Some of the homes do back up to the golf course there in Ewa Beach. It's a hot product, however nobody at this point is looking to sell. But, if you know anyone that does own at Ewa Gentry Cypress Point, we are working with a buyer... Read More
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
First off, we're going to dive into the single family homes and there the biggest stat that stood out at me was sales for single family homes (year over year) were up 22.7%... Read More
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Rodgers & Hammerstein's The King and IThursday, February 29, 2024 - Friday, March 01, 2024 - Saturday, March 02, 2024   7:00pm-10:00pm Hele mai the Hawai’i Theatre for ‘Iolani Schools Spring Musical February 29th - March 2, 2024It is 1862 in Siam when an English widow, Anna Leonowens, and her young son arrive at the Royal Palace in Bangkok, having been summoned by the King to serve as tutor to his many children and wives. With both keeping a firm grip on their respective traditions and values, Anna and the King grow to understand and respect one another in a truly unique story that includes some of Rodgers and Hammerstien's most beautiful tunes: "Getting to Know You", "Shall We Dance", and "March of the Siamese Children" among many others. Running time 2 hours 45 minutes.  TICKETS:$15.0...
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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, January 2024   Single Family Homes January Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales No Transactions   No Transactions   Median Sales Price $0.0 / $0.0  0%  $0.0 / $0.0  0%  Percent of Original List Price Received 0.0% / 0.0%  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 2 / 0  0% 2 / 0  0% Active Inventory 2 / 0  0% ---    Condos January Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 29 / 39  -26%  29 / 39  -26%  Median Sales Price $600,000 / $737,500  -19% $600,000 / $737,500  -19% Percent of Original List Price Received 96.1% / 97.0%  -1% 96.1% / 97.0%  -1% Median Days on Market Until Sale 26 / 24  8% 26 / 24  8% Ne...
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