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Local Market Update: Makiki & Moili'ili Honolulu, March 2024

By
Real Estate Agent with HI Pro Realty LLC RB-21531 RS-76763
Local Market Update for Makiki and Moili'ili March2024

 

Local Market Update 

Makiki & Moili'ili Honolulu, March 2024

 

Single Family Homes

March

Year to Date

2024 / 2023 Change%

2024 / 2023 Change%

Closed Sales

9 / 14  -36%  

20 / 23  -13%   

Median Sales Price

$1.35M / $1.5M  -10%

$1.5444M / $1.5M  3%

Percent of Original

List Price Received

93.5% / 98.0%  -5%

97.2% / 95.7%  2%

Median Days on

Market Until Sale

43 / 14   207%

23 / 15   53%

New Listings

19 / 11  73%

38 / 36  6%

Pending Sales

7 / 10  -30%

24 / 31  -23%

Active Inventory

43 / 24  79%

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Condos

March

Year to Date

2024 / 2023 Change%

2024 / 2023 Change%

Closed Sales

36 / 41  95%

102 / 86  19% 

Median Sales Price

$385,000 / $430,000  -10%  

$405,000 / $404,500  0% 

Percent of Original

List Price Received

98.1% / 97.9%  0%

97.4% / 97.8%  0%

Median Days on

Market Until Sale

26 / 35  -26%

46 / 37  24%

New Listings

71 / 60  18%

199 / 151  32%

Pending Sales

53 / 52  2%

123 / 111  11%

Active Inventory

162 / 101  60%

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CONTACT US TODAY! for 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

 

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

Good morning Kimo. Thanks for the update. You certainly have an interesting market where savvy buyers should take great care in choosing an agent to guide them through the purchase process. Enjoy your day.

Apr 24, 2024 04:31 AM
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Wayne Martin, thanks for commenting. As you know each neighborhood is unique, it's own microcosm of obvious and not so obvious benefits and detriments to potential buyers. An experienced agent can help unveil a neighborhoods potential  and give far more insight than just the sales numbers and stats.

Apr 24, 2024 02:09 PM