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Local Market Update: The Waikiki Neighborhood of Honolulu - July 2016

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

Market Report - Waikiki July 2016

 
 
 
Local Market Update:
 
The Waikiki Neighborhood of Honolulu - July 2016

 

Single Family Homes

July

Year to Date

2016 / 2015 Change

2016 / 2015 Change

New Listings

0 / 0 -

1 / 1 -

Closed Sales

0 / 0 -

1 / 0 -

Median Sales Price

$0 / $0 -

$390,000 / $0 -

Percent of Original List Price Received

0.0% / 0.0% -

100.0% / 0.0% -

Median Days on Market Until Sale

0 / 0 -

0 / 0 -

Inventory of Homes for Sale

0 / 0 -

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Waikiki - Honolulu - Hawaii

 

 

Condos

July

Year to Date

2016 / 2015 Change

2016 / 2015 Change

New Listings

103 / 149  -31%

947 / 1000  -5%

Closed Sales

99 / 93  6%

642 / 561  14%

Median Sales Price

$390,000 / $350,000  11%

$370,444 / $350,000  6%

Percent of Original List Price Received

97.5% / 95.9%  2%

96.2% / 94.9%  1%

Median Days on Market Until Sale

3 / 9  3%

36 / 39  -8%

Inventory of Homes for Sale

520 / 604  -14%

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With historically low interest rates, it's still a great time to buy! 
 
Contact us today for Expert Honolulu Buyers Representation, with Aloha!  
 
 

 

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)

Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
HomeSmart Real Estate - Scottsdale, AZ
Arizona Homes and Land Group/ Buy or Sell

THanks for the update Kimo Stowell and greetings from the great desert southwest! Hang Ten Kimo! 

Aug 17, 2016 04:04 AM
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Jeffrey Masich , thanks for commenting and stay cool!

Aug 18, 2016 02:10 AM
Jane Chaulklin-Schott
TEAMCONNECT REALTY - (407) 394-9766 - Orlando, FL
TeamConnect Luxury Homes - Orlando, Florida, 32836

Hi Kimo, from the Mainland to the Islands. Stopped by to check on your July Market Report for Waikiki. Was comparing it to your more recent July report for Diamond Head and Kapahulu.

Kimo, I notice no real action for SFH in Waikiki, but not sure if the Waikiki boundaries enclose just a cement community of  condos only?  I do recall at one time a few streets of older Hawaiian homes somewhere behind FOOD PANTRY (Walina and Kuhio).  Used to pass them on my jog to the library. Kimo, they looked very old.

Aug 25, 2016 01:15 PM
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Jane Chaulklin-Schott - Waikiki does indeed have a relatively number of single family homes but they are rarely on the market. They can be found throughout Waikiki as it once was a neighborhood exclusively for single family but the grand homes of the early twentieth century have all been removed. Today you can find SFR's tucked in here a there but they are getting harder to find.

Aug 26, 2016 04:26 AM