2023 Real Estate Oahu Market Update

 

In 2023 (in comparison to 2022): 

• Properties spent longer time on the market (22 days vs 12 for single-family homes and 21 days vs 12 for condos)
• There were fewer new listings (20.2% decrease for Single-family homes and 18% decrease for condos) 
• Most sought-after properties were priced at $699,999 and less; the Leeward region accounted for 62% of these sales.

View Full HBR Report

——The Highest MLS Sales——

 $27,500,000 Cash

1388 Ala Moana Boulevard Unit #3800, Honolulu, HI 96814 (Park Lane)

4 Beds, 4 1/2 Baths 

Sq. Ft: 6,856

Monthly maintenance fee: $10,248.00

DOM: 2

MLS 202319098

Sold Date: 10/2023

$15,000,000 CASH

4505 Kahala Avenue, Honolulu, HI 96816

5 Beds, 5 1/2 Baths

Sq. Ft: 15,830

List price: $16,500,000

DOM: 40

MLS 202226328

Sold Date: 03/2023

——Statewide Market Trends——

For more information, please visit hawaiirealtors.com

                    ——Desi's Latest Art Project ——

 "Serenity". Oil painting 11x14

 

——Looking for a short-term investment?——

This condo just got listed- it is priced well for a 2-bedroom condo. I am checking it out this Friday, so if you would like to virtually join me, let me know!

View the MLS listing

——In the News——

If you've been to Waikiki, you know this building next to the Watermark- it was abandoned for so many years- I am glad it will be soon put into use and able to help people who need housing

Abandoned Ala Wai building to be turned into ‘much needed’ affordable housing (msn.com)

MAHALO!

Thank you for connecting with me and let 2024 be a great one for you and your family!

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

Sincerely, 

Desi