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Local Market Update: Ala Moana & Kaka'ako Honolulu, September 2024

By
Real Estate Agent with HI Pro Realty LLC RB-21531 RS-76763
Local Market Update for Ala Moana and Kaka'ako September 2024

 

Local Market Update 

Ala Moana & Kaka'ako Honolulu, September 2024

 

Single Family Homes

September

Year to Date

2024 / 2023 Change%

2024 / 2023 Change%

Closed Sales

2 / 2  0%

3 / 4  -25%

Median Sales Price

$1.175M / $1.241M  -5%

$1.1M / $1.24375M   -12%

Percent of Original

List Price Received

88.2% / 95.4%  -8%

93.0% / 92.1%  1%

Median Days on

Market Until Sale

78 / 51  53%

37 / 16  131%

New Listings

5 / 0  

11 / 7  57%

Pending Sales

0 / 0  

6 / 4  50%

Active Inventory

9 / 2   350%

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Condos

September

Year to Date

2024 / 2023 Change%

2024 / 2023 Change%

Closed Sales

40 / 49  -18% 

372 / 412  -10% 

Median Sales Price

$785,000 / $735,000  7%

$747,000 / $690,000  8%

Percent of Original

List Price Received

96.4% / 97.3%  -1%

96.1% / 96.8%  -1%   

Median Days on

Market Until Sale

56 / 25  124%

53 / 35  51%

New Listings

85 / 83  2%

729 / 660  10%

Pending Sales

41 / 48  -15%

380 / 433  -12%

Active Inventory

348 / 249  40%

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and Real Estate Sellers and Buyers Representation! 

 

 

 

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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

 

Show All Comments Sort:
Dennis Neal
Exp Realty of Southern California, Inc. - Big Bear Lake, CA
Your Home Sold in 21 Days or We Sell It For Free

Ala Moana and Kaka'ako are seeing interesting market dynamics with single-family homes showing a decline in median sales prices and extended days on market, while condos have seen a modest price increase but slower sales. The active inventory rise for both segments could offer more opportunities for buyers, though sellers may need to adjust expectations. Staying on top of these shifts is crucial for anyone navigating this changing market.

Oct 20, 2024 12:55 PM
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR® RS-76763 - Honolulu Hawai'i

Aloha Dennis Neal, each neighborhood, as you mentioned, has it's own dynamic that might appear puzzling on the surface but has a definitive historical perspective that colors RE sales history. Having a local understanding of that dynamism can be very helpful to buyers and sellers alike. Thanks for your comment!

Oct 22, 2024 11:26 AM