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Local Market Update: Downtown and Nu'uanu Honolulu, September 2022

By
Real Estate Agent with HI Pro Realty LLC RB-21531 RS-76763
Local Market Report Downtown and Nuuanu, Honolulu Hawaii - September 2022

 

Local Market Update 

Downtown and Nu'uanu Honolulu, September 2022

 

Single Family Homes

September

Year to Date

2022 / 2021 Change%

2022 / 2021 Change%

Closed Sales

5 / 11  -55%

64 / 101  -37%

Median Sales Price

$1.4M / $1.13M  24% 

$1.325M / $1.1425M  16%

Percent of Original

List Price Received

95.2% / 100.1%  -5%  

100.0% / 100.0%  0%

Median Days on

Market Until Sale

22 / 11  100%

10 / 17  -41%

New Listings

10 / 13  -23%

76 / 101  -25%  

Pending Sales

4 / 8  -50%

55 / 92  -40%

Active Inventory

21 / 19  11%

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Condos

August

Year to Date

2022 / 2021 Change%

2022 / 2021 Change%

Closed Sales

45 / 45  0%

414 / 456  -9%

Median Sales Price

$470,000 / $602,500  -22%  

$540,000 / $580,000  -7%

Percent of Original

List Price Received

98.9% / 98.9%  0%

100.0% / 98.8%  1%

Median Days on

Market Until Sale

19 / 18  6% 

13 / 18  -28%

New Listings

55 / 62  -11%

497 / 549  -9%

Pending Sales

38 / 46  -17%

397 / 487  -18%

Active Inventory

100 / 84  19%

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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. 

 

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Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

Thank you for the market update.  It seems like condo prices are getting better for buyers while single family prices are still going up.

Oct 30, 2022 02:05 PM
Kimo Stowell

Aloha Ray Henson, some neighborhoods in Honolulu will be highly resistant to price decreases as lack of inventory and continued demand affect the median sales price. Thanks for commenting!

Nov 02, 2022 11:07 AM
John Pusa
Glendale, CA

Hello Kimo Stowell very good helpful market update for Downton and Nu'Uanu Hanolulu.

Oct 30, 2022 03:34 PM
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha John Pusa, thanks for stopping by and commenting, happy hump day! 

Nov 02, 2022 11:07 AM