Local Market Update: Downtown and Nu'uanu Honolulu, August 2021

By
Real Estate Agent with HI Pro Realty LLC RB-21531 RS-76763
Local Market Report Downtown and Nuuanu, Honolulu Hawaii July 2021

 

Local Market Update 

Downtown and Nu'uanu Honolulu, August 2021

 

Single Family Homes

August

Year to Date

2021 / 2020 Change%

2021 / 2020 Change%

New Listings

9 / 5  80%

88 / 76  16%

Closed Sales

7 / 6  17%

90 / 48  88%

Median Sales Price

$1.182M / $825K 43%

$1.15M / $865.5K 33%

Percent of Original

List Price Received

111.8% / 96.0%  16%

99.5% / 95.9%  4%

Median Days on

Market Until Sale

10 / 34  -71%

19 / 26  -27%

Inventory of

Homes for Sale

23 / 33  -30%

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Condos

August

Year to Date

2021 / 2020 Change%

2021 / 2020 Change%

New Listings

50 / 40  25%

487 / 365  33%

Closed Sales

45 / 29  55%

411 / 229  79%

Median Sales Price

$650K / $550K  18%

$580K / $570K  2%

Percent of Original

List Price Received

98.7% / 97.5%  1%

98.8% / 96.6%  2%

Median Days on

Market Until Sale

27 / 22  23%

19 / 42  -55%

Inventory of 

Homes for Sale

121 / 178  -32%

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CONTACT Us TODAYfor expert Property Management

and Real Estate Sellers and Buyers Representation! 

 

 

 

 

Posted by

      

 

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 (5)

Bill Salvatore - YVP Blog
Arizona Elite Properties - Chandler, AZ
Realtor - Valley of the Sun / golfArizona@cox.net

Kimo,

Strong numbers for sure in your area.  Well done.  Make it a great Tuesday, keep productive.  Thanks again for the post.  See you tomorrow.  Bill Salvatore

Sep 28, 2021 06:03 AM
Kimo Stowell

Aloha Bill Salvatore - YVP Blog, lots of demand for this area, which happens to be the most densely populated in Hawaii nei. Thanks for the visit!

Sep 28, 2021 11:50 AM
Brenda J. Andrew
ULTIMA REAL ESTATE - Corpus Christi, TX
Professional Realtor in Corpus Christi, TX

Good morning Kimo. I would love to buy in your area!  Hawaii is the one place I have been that I never wanted to leave, seriously!  It is so beautiful there and what a blessing to be able to do what you do there.  Who knows, maybe you will see me there some day! 

Sep 28, 2021 07:02 AM
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Brenda J. Andrew, as kama'aina we often say "we lucky to be in Hawai'i" and although and perhaps because, Hawai'i is an incomparable paradise, the cost of living and Real Estate has displaced many locals to the continent, as the job market is limited and good paying jobs even fewer. So save that kala($) and lots of it, who knows what the future may bring.

Sep 28, 2021 12:02 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Kimo,

Thank you for sharing this real estate market report. 

Buyers and sellers in your area will find value in this report. 

Wishing you continued success.

Bob

Sep 29, 2021 06:26 PM
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Bob Crane, thanks for commenting, properties are going quickly in this market!

Sep 30, 2021 11:35 AM