Local Market Update: Downtown and Nu'uanu Honolulu, October 2023

By
Real Estate Agent with HI Pro Realty LLC RB-21531 RS-76763
Local Market Report Downtown and Nuuanu, Honolulu Hawaii - October 2023

 

Local Market Update 

Downtown and Nu'uanu Honolulu, October 2023

 

Single Family Homes

October

Year to Date

2023 / 2022 Change%

2023 / 2022 Change%

Closed Sales

8 / 4  100%

46 / 68  -32%

Median Sales Price

$1.15M / $961,000  20%

$1.1235M / $1.2975M  -13% 

Percent of Original

List Price Received

95.6% / 104.4%  -8% 

95.6% / 100.0%  -4% 

Median Days on

Market Until Sale

44 / 9  389%

27 / 10  170%

New Listings

10 / 8  25%

75 / 84  -11% 

Pending Sales

5 / 6  -17%

55 / 61  -10%

Active Inventory

21 / 24  -13%

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Condos

October

Year to Date

2023 / 2022 Change%

2023 / 2022 Change%

Closed Sales

24 / 37  -35%

274 / 451  -39%

Median Sales Price

$572,500 / $630,000  -9%  

$560,000 / $545,000  3%

Percent of Original

List Price Received

99.0% / 98.6%  0%

98.1% / 100.0%  -2%

Median Days on

Market Until Sale

12 / 27  -56%

23 / 13  77%

New Listings

44 / 38  16%

378 / 535  -29%

Pending Sales

24 / 23  4%

281 / 420  -35%

Active Inventory

85 / 99  -14%

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CONTACT Us TODAYfor expert Property Management

and Real Estate Sellers and Buyers Representation! 

 

 

 

 

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 (3)

Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

It was 21 degrees here in Bethesda this morning - I love reading your posts because it makes me dream of warm weather.

Nov 29, 2023 08:08 AM
Kimo Stowell

Aloha Lise Howe, Burr thats chilly! Congrats or as we say in the islands, Ho'omaika'i on your daughters wedding. 

Nov 29, 2023 11:01 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

I can appreciate the report if only for location. Aside from that, percentages are not off that much especially at those numbers.

Nov 29, 2023 08:57 AM
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Ed (Edward) Silva, 203-206-0754 with interest rates as they are, we are seeing a leveling but the prices always go up in the long run. Thanks for commenting!

Nov 29, 2023 10:57 AM