Oahu Real Estate April 2022

 

 Market Highlights:

• Single-family homes saw a 19.1% price increase in comparison to April 2021, and condos saw 13.3% price increase.
• Single-family homes in the $1,000,000 to $1,399,999 range saw the largest increase in sales volume, up 46%.
• In the condo market, sales in the $700,000 to 999,999 range doubled from a year ago, up 101.6%
• Both single-family home and condo markets saw pending sales fall in April. Compared to a year ago, contract signings were down 18.7% for single-family homes and 8.8% for condos.

——The Highest MLS Sales——

$12,800,000

17 Laiki Pl, Kailua 96734

Sq. Ft: 5,902

Year Built: 2016

MLS 202208713

View the listing

$12,150,000

1388 Ala Moana Blvd #8505, Honolulu 96814 (Park Lane)

Sq. Ft. 4,925

Year Built: 2017

MLS 202203194

View the Listing

—— Neighborhood Spotlight ——

The condo market in Ala Moana- Kakaako neighborhood saw an impressive 65% increase in the median sales price and sales were up 63% in comparison to April 2021. 

—— Bill 41 Update——

• Short-Term vacation rentals in Hawaii increased from 30 to 90 days 
• Excludes Resort-Zoned Areas
• Bill 41 will go into effect on October 23, 2022 
• Bill 41

—— Thought of the Month ——