Oahu Real Estate Market Update June 2023

 

Market Highlights:

• Single-family home sales dropped 30.5% in comparison to June 2022
• Single-family home in the $800,000 to $999,999 range accounted for approximately 31% of the sales
• In the first half of the year 337 single-family homes, approximately 26% of sales, closed for more than the original asking price (in 2022 that number was 1,189 single-family homes or 61% of sales)
• In the condo market, 502 or 21% of sales closed above the original asking price compared to 1,589 condo sales or 43% in the first half of 2022.
• Compared to pre-pandemic active inventory levels in 2019, single-family home inventory remained down more than 40%.

View Full HBR Report

——The Highest MLS Sales——

        

$8,300,000 

3311 Beach Rd, Honolulu 96815 (Diamond Head)

4 Beds, 4 1/2 Baths 

Sq. Ft: 4,878

Year Built: 1988

List price: $8,750,000

DOM: 11

MLS 202303406

$7,700,000 

1388 Ala Moana Blvd #2706, Honolulu 96814 (Park Lane)

3 Beds, 3 1/2 Baths

Sq. Ft: 3,246

Year Built: 2016

List price: $10,800,000

DOM: 52

MLS 202307431

——Statewide Market Trends——

For more information, please visit Housing Trends | Hawai'i Association of Realtors® (hawaiirealtors.com)

——Recipe of the Month——

Crepes

                    ——Desi's Latest Art Project——

 

MAHALO!

Thank you for connecting with me and enjoy the rest of July, my Ohana!

Looking forward to working with you now or in the future...

Sincerely, 

Desi