Local Market Update: Diamond Head & Kapahulu Honolulu, June 2022

By
Real Estate Agent with HI Pro Realty LLC RB-21531 RS-76763
Local Market Update for Diamond Head and Kapahulu June 2022

 

Local Market Update 

Diamond Head & Kapahulu Honolulu, June 2022

 

Single Family Homes

June

Year to Date

2022 / 2021 Change%

2022 / 2021 Change%

Closed Sales

11 / 32  -66%

97 / 144  -33%

Median Sales Price

$1.365M / $1.053M  30%   

$1.427M / $1.15M  24%

Percent of Original

List Price Received

100.8% / 100.0%  6%  

100.9% / 100.0%  1%

Median Days on

Market Until Sale

9 / 8  13% 

12 / 13  -8%  

New Listings

28 / 23  22%

130 / 157  -17%

Pending Sales

25 / 25  0% 

111 / 151  -26%

Active Inventory

39 / 42  -7%

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Condos

June

Year to Date

2022 / 2021 Change%

2022 / 2021 Change%

Closed Sales

8 / 14  -43% 

60 / 68  -12% 

Median Sales Price

$1,675M/ $672,500  149%   

$622,500 / $587,750  6%

Percent of Original

List Price Received

90.7% / 100.0%  -9% 

100.0% / 98.5%  2% 

Median Days on

Market Until Sale

87 / 14  521%

15.5 / 27  -43%

New Listings

6 / 14  -57%

65 / 79  -18%

Pending Sales

3 / 8  -63%

46 / 71  -35%

Active Inventory

20 / 40  -50%

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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. 

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Comments (2)

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

Good morning Kimo. Pricing points on single family were spot on. A little weakness on condos, but could be attributed to asking prices being a bit aggressive. Not unusual for the market trends. Enjoy your day. 

Jul 28, 2022 06:23 AM
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Wayne Martin, thanks for commenting. With the whiff of recession in the air and interest rates in question, the market is still strong despite the uncertainty.

Aug 01, 2022 10:18 AM