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Local Market Update - Waikiki Honolulu

By
Real Estate Agent with HI Pro Realty LLC RB-21531 RS-76763

 

 

Phase 1 of The Ritz Carlton Residences Waikiki

rises above Waikiki

 

 

February 2016

Single Family Homes

February

Year to Date

2016 2015 Change

2016 2015 Change

New Listings

10-

10-

Closed Sales

10-

10-

Median Sales Price

$390,000 $0 -

$390,000 $0 -

Percent of Original List Price Recvd.

100.0% 0.0% -

100.0% 0.0% -

Median Days on Market Until Sale

00-

00-

Inventory of Homes for Sale

10-

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The Waikiki International Market Place

Waikiki International Market Place under re-construction.

 

 

Condos

February

Year to Date

2016 / 2015 Change

2016 / 2015 Change

New Listings

128 / 134 -4%

263 / 283 -7%

Closed Sales

75 / 62 21%

138 / 105 31%

Median Sales Price

$380,000 / $367,500 3%

$370,000 / $392,000 -6%

Percent of Original List Price Recvd. 

95.2% / 95.5% 0%

97.4% / 96.1% 1%

Median Days on Market Until Sale

36 / 62 -42%

36 / 55 -35%

Inventory of Homes for Sale

545 / 532 2%

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The Cove Waikiki

The Cove Waikiki completed in 2014

 

 

 

 

 

 

Contact us today for Real Estate Sales

and Property Management in Waikiki and Honolulu

 

Local Market Update - Waikiki Honolulu

 

Posted by

Crypto Certified Agent - By Propy 

HI Pro Realty LLC

REALTORS®, PROPERTY MANAGERS® 

We are a boutique brokerage firm offering responsive, dedicated, and professional Real Estate Sales and Pet Friendly Management Services in Honolulu, Hawai'i. 

 

                Office: (808) 941-8866   Mobile: (808) 926-7667

 

Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Kimo interesting numbers for the Waikiki real estate market @the Ritz Carlton especially for the condos. Sale are up 31% but median sales price has gone down 6%.  That must have been the right price to insure a lot of sales.

Mar 19, 2016 08:07 AM
Kimo Stowell

Aloha Anna B. the Ritz and other luxury properties skewed the median prices higher but now that most of the new luxury properties are under contract, the median sales prices are trending back down.

Mar 19, 2016 08:20 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Wow Kimo, no more land and they still find a way to built places.  Hope you have a great weekend.

 

Mar 19, 2016 09:54 AM
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Will, Thanks for visiting, when there is only one lot on the ground they build up with lots in sky.

Mar 19, 2016 10:21 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I love reading about what is going on in Honolulu - thanks for sharing all the real estate activity in Hawaii - thanks! 

Mar 19, 2016 11:27 AM
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Lise, we have a dynamic market that's for sure. Mahalo for visiting!

Mar 19, 2016 06:11 PM