Oahu Real Estate Market Update March 2023

 

Market Highlights:

• Oahu’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.
• 58.5% of single-family home sales closed at $1,000,000 or more
• Approximately 35% of single-family homes closed at full asking price or more, compared to around 74% in March 2022. In the condo market, 41% of condos sold at the full asking price or more compared to 65% in March 2022
• Pending sales increased from a month ago, with 258 contract signings in the single-family home market and 444 in the condo market.

——Statewide Market Stats——

——The Highest MLS Sales——

        

$15,000,000 (cash)

5 Beds, 5 1/2 Baths 

Sq. Ft: 15,830

List price: $16,500,000

DOM: 40

MLS 202226328

$14,250,000 (cash)

3639 Diamond Head Rd, Honolulu 96816

3 Beds, 4 1/2Baths

Sq. Ft: 3,538

Year Built: 1962

List price: $16,600,000

DOM: 72

MLS 202225288

——Did you know?——

Desi is taking drawing class at Honolulu Community College and self-portrait was one of her latest class assignments.

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——Quote of the Month——

Thank you for taking the time to read my market update. I hope you find the information helpful and please reach out with any questions.

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I am looking forward to continue helping you and your family.

Mahalo,

Desi