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Local Market Update: Ala Moana & Kaka'ako Honolulu, February 2023

By
Real Estate Agent with HI Pro Realty LLC RB-21531 RS-76763
Local Market Update for Ala Moana and Kaka'ako February 2023

 

Local Market Update 

Ala Moana & Kaka'ako Honolulu, February 2023

 

Single Family Homes

February

Year to Date

2023 / 2022 Change%

2023 / 2022 Change%

Closed Sales

0 / 0  0%

0 / 1  -100%  

Median Sales Price

$0 / $0  0%  

$0 / $1.205M  0%

Percent of Original

List Price Received

0.0% / 0%  0%

0.0% / 96.5%  0%

Median Days on

Market Until Sale

0 / 36  0%

0 / 36  0%

New Listings

1 / 2  -50%

1 / 3  -67%

Pending Sales

0 / 1  0%

0 / 1  -100%

Active Inventory

1 / 3  -67%

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Condos

February

Year to Date

2023 / 2022 Change%

2023 / 2022 Change%

Closed Sales

30 / 58  -48% 

69 / 123  -44%

Median Sales Price

$502,500 / $750,000  -33%  

$593,750 / $790,000  -25%

Percent of Original

List Price Received

96.0% / 96.3%  0%

96.6% / 97.2%  -1%

Median Days on

Market Until Sale

70 / 52  35%

49 / 41  20%

New Listings

65 / 97  -33%

151 / 171  -12%

Pending Sales

45 / 73  -38%

92 / 143  -36%

Active Inventory

273 / 206  33%

---

 

 

 

CONTACT US TODAYfor expert Property Management

and Real Estate Sellers and Buyers Representation! 

 

 

 

 

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

 

Comments (4)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good afternoon Kimo. Let's focus on the good news, inventory up so buyers have more choices. So the only way is up! Enjoy your day.

Mar 23, 2023 01:05 PM
Kimo Stowell

Aloha Wayne Martin, thank you for your comment, it's another beautiful day in paradise regardless of the market! 

Mar 25, 2023 12:01 PM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I always love reading the market reports for Hawaii - makes me feel a little warmer and sunnier!

Mar 25, 2023 09:10 AM
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Lise Howe, continental weather and climate is unpredictable and dreadful at times. Here in the islands I can predict with astonishing accuracy that it will probably be in the high 70's or low 80's, sunny or mostly sunny today, tomorrow, the day after that...have a great weekend!

Mar 25, 2023 12:09 PM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great post!  Thanks for sharing and enjoy your day!

Mar 27, 2023 06:40 AM