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Local Market Update - Downtown and Nu‘uanu Honolulu, June 2016

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

Local Market Report - Downtown and Nuuanu Honolulu Hawaii -  HI Pro Realty LLC

 

 

Local Market Update:

Downtown & Moiliili Neighborhoods

of Honolulu - June 2016 

 

Single Family Homes

June

Year to Date

2016 / 2015 Change                 

2016 / 2015 Change                

New Listings

14 / 16  -13%

70 / 63  11%

Closed Sales

9 / 9  0%

34 / 40  -15%

Median Sales Price

$999,000 / $927,000     8%                

$999,000 / $874,000  14%           

Percent of Original List Price Received

100.0% / 85.9% 16%

91.0% / 99.5% -9%

Median Days on Market Until Sale

9 / 24  -63%

22 / 23  -4%

Inventory of Homes

for Sale

37 / 38  -3%

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HI Pro Realty LLC - Honolulu Property Management

 

 

 

Condos

June

Year to Date

2016 / 2015 Change                  

2016 / 2015  Change                  

New Listings

48 / 47  2%

256 / 293  -13%

Closed Sales

33 / 27  22%

161 / 161  0%

Median Sales Price

$500,000 / $325,000 54%             

$408,750 / $409,000 0%              

Percent of Original List Price Received

93.5% / 97.0%  -4%               

97.9% / 97.8%  0%

Median Days on Market Until Sale

31 / 17  82%

23 / 23  0%

Inventory of Homes

for Sale

137 / 159  -14%

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Contact Us for a complete and comprehensive market update for any Honolulu Neighborhood. 

 

 

 

 

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

 

Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Looks like a "blink and it's gone" type of market....and people on the Island know that calling Kimo Stowell will enable them to find their happily ever after !

Jul 28, 2016 11:05 PM
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

WOW; Kimo Stowell , what an unbelievable increase in the condo pricing and in only 12 months!

Jul 28, 2016 11:15 PM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good Morning Kimo Stowell,  Interesting report to see what is happening in your area.  Keep up the good work.

Jul 29, 2016 12:20 AM
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Very nice market update.  Your market looks to be as strong as ever.

Jul 29, 2016 03:00 AM
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Sally K. & David L. Hanson, it's a brisk market and you don't want to enter it uprepared, mahalo for the kindly plug!

Aloha Sandy Padula and Norm Padula, JD, GRI NMLS#1483386, I'm not sure if people are fed up with the traffic, the prices for SFR's or what but prices for condos are rapidly increasing in Honolulu.

Jul 29, 2016 04:00 AM
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Will Hamm, thanks for stopping by and commenting! 

 

Aloha Belinda Spillman, the spike in condo pricing is a bit disconcerting but it's probably an aberration, mahalo for the visit!

Jul 29, 2016 04:17 AM