Local Market Update - Waikiki Honolulu

By
Real Estate Agent with HI Pro Realty LLC RB-21531 RS-76763
https://activerain.com/droplet/4PTw

 

 

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-

---

 

 

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%

---

 

 

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

 HI Pro Realty - PET FRIENDLY HONOLULU REALTOR, PROPERTY MANAGEMENT

 

HI Pro Realty LLC - REALTORS®, PROPERTY MANAGERS® is a boutique brokerage firm offering responsive, dedicated, and professional Real Estate Sales and Management Services in Honolulu, Hawaii. 

 

 

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Tags:
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Ambassador
2,860,351
Anna Banana Kruchten CRB, CRS 602-380-4886
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana!

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 #1
Rainmaker
3,166,119
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 #2
Rainmaker
738,593
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 #3
Rainmaker
1,677,700
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

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 #4
Rainmaker
738,593
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 #5
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Rainmaker
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Kimo Stowell

REALTOR Associate® RS-76763 - Honolulu Hawai'i
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