Honolulu, HI Real Estate News

By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
WAIKIKI AQUARIUM INTERNATIONAL COASTAL CLEANUP DAY!Saturday, September 16th, 2023 10 AM – 12 PMWaikīkī Aquarium 2777 Kalakaua Avenue Honolulu, HI 96815 Registration Required - Sign up today at https://forms.gle/dmKya9NywCoaPi5M6 Be the change you wish to see in the world and join the Waikiki Aquarium for International Coastal Cleanup Day, a global movement dedicated to cleaning the beaches and coastlines around the world! We hope to SEA you there!Check in anytime between 10 AM – 11:30AM at the gated lawn entrance of the Aquarium (to the left of the front entrance) to pick up a bucket and tools for cleaning up the surrounding parks and beaches. All supplies and collected rubbish must be returned to the Aquarium by 12PM. Children must be accompanied by an adult. Supplies such as buckets/b...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
O‘ahu Home Sales Rise Month-to-Month, Remain Down Year-Over-YearActive inventory and days on market increase as sales volume continues to declineAccording to resale figures released this week by the Honolulu Board of REALTORS®, closed sales of single-family homes and condos declined year-over-year, dropping 19.7% and 16.9%, respectively; however, compared to a month ago, single-family homes recorded a 12.5% uptick in sales, while condo sales remained steady.Using data collected from its computerized Multiple Listing Service (MLS) system, the Board reported the following statistics: Single-Family Home Resales   Number of Sales Median Sales Price August 2023 252  -19.7% $1,110,000  -1.4% August 2022 314 $1,125,500  Condominium Resales   Number of Sales Median Sales Price August 2023 422  ...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Diamond Head Theatre presents Mamma MiaFriday, September 22, 2023 , 7:30pm-10:30pm  Diamond Head Theatre presents Mamma Mia the Musical that will run until October 15. This sunny, comical tale unfolds on a Greek island paradise. The story begins with a daughter’s quest to discover the identity of her father, a mystery which had never been revealed to her. She secretly contacts three men from her mother’s past, and they all show up (on the eve of her wedding) to the island they all last visited some 20 years ago. The magic of ABBA’s timeless songs propels this enchanting tale of love, laughter and friendship, creating an unforgettable show. A mother. A daughter. Three possible dads. And a trip down the aisle you’ll never forget. TICKETS:$37.00 to $62.00Get Tickets  LOCATION:Diamond Head ...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
               Latest rates, based on 20 percent down, $200,000 owner-occupant mortgages. The rates and terms may vary; check with lenders for details. Rates may have changed click here to verifyAugust 30th  Lender Term/Type Interest Rate % Points % *APR Aloha Pacific Federal Credit Union808-531-3711NMLS#377314 15-YR Fixed 5.875 1.875 6.355 30-YR Fixed 6.250 1.875 6.544 5-YR ARM 5.375 0.750 5.546 American Savings Bank808-593-1226NMLS#423168 15-YR Fixed 6.000 2.000 6.454 30-YR Fixed 6.500 2.000 6.784 5-YR ARM 6.875 1.250 7.722 Bank of Hawaii877-616-2636 15-YR Fixed 6.375 1.000 6.534 30-YR Fixed 6.750 1.000 6.848 5-YR ARM 6.375 1.500 7.442 Central Pacific Bank808-544-0500NMLS#416603 15-YR Fixed 6.000 2.125 6.484 30-YR Fixed 6.375 2.125 6.674 5-YR ARM 7.375 0.000 7.932 Finance Factors808-5...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Downtown and Nu'uanu Honolulu, July 2023   Single Family Homes July Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 4 / 9  -56% 25 / 56  -55% Median Sales Price $1.0825M / $1.725M  -37%  $1.1M / $1.325M  -17%  Percent of Original List Price Received 100.8% / 95.8%  5%  94.8% / 100.1%  -5%  Median Days on Market Until Sale 60 / 12  400% 17 / 9  89% New Listings 9 / 7  29% 48 / 57  -16%  Pending Sales 11 / 5  120% 36 / 48  -25% Active Inventory 17 / 14  21% ---    Condos July Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 32 / 42  -40% 198 / 336  -41% Median Sales Price $608,500 / $423,000  44%   $560,000 / $578,000  -2% Percent of Original List Price Received 98.6% / 99.2%  -1% 98.0% / 100.0%  -2% Median Days on Market Until Sal...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Diamond Head & Kapahulu Honolulu, July 2023   Single Family Homes July Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 11 / 25  -56%  72 / 122  -41%  Median Sales Price $1.45M / $1.3M  12%   $1.364M / $1.42M  -4%  Percent of Original List Price Received 102.7% / 101.8%  1% 94.9% / 101.1%  -6% Median Days on Market Until Sale 13 / 10  30%  25 / 12  108% New Listings 19 / 24  -21% 106 / 154  -31% Pending Sales 16 / 22  -27% 97 / 133 -27% Active Inventory 36 / 35  3% ---    Condos July Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 9 / 4  125%  38 / 64  -41%  Median Sales Price $2.3M / $609,500  277%  $1.08M / $622,500  73% Percent of Original List Price Received 100.0% / 100.0%  0% 99.5% / 100.0%  -1%    Median Days on Market Unt...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Holo holo Our Kaka'ako, and enjoy the last of this year’s SALT Summer Nights series Friday, August 25, from 6PM – 10PM, at The Barn!Enjoy live entertainment from Keilana, Aaron Ono, and Shawn Garnett. Sink into the weekend with delicious drinks from the Village Beer bar, featuring 805 Beer, 805 Cerveza, Kupu Spirits, and Maui Hard Seltzer. And check out the Redfish Poke booth for mouthwatering bites.Treat yourself to the last bits of summer fun and explore our SALT ʻOhana as well as the wide range of local vendors and artisans at our SALT Marketplace! Plus, don’t miss your chance to spin our coveted SALT Prize Wheel! This is a FREE, Pet Friendly, and fun-filled event!  For expert Real Estate Sales and Pet Friendly Property ManagementIn Honolulu, HawaiiCONTACT HI Pro Realty TODAY!  
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Makiki & Moili'ili Honolulu, July 2023   Single Family Homes July Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 8 / 11  -27%  56 / 77  -27%  Median Sales Price $1.6566M / $1.425M   16%   $1.4975M / $1.68M  -11%   Percent of Original List Price Received 100.3% / 101.2%  -1% 96.8% / 100.3%  -3% Median Days on Market Until Sale 15 / 9   67% 15 / 13  15% New Listings 11 / 16  -31% 86 / 104  -17% Pending Sales 4 / 12  -67% 59 / 89  -34% Active Inventory 35 / 28  25% ---    Condos July Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 54 / 61  -11% 279 / 486  -43%  Median Sales Price $395,500 / $407,000  -3%   $410,000 / $410,000  0%  Percent of Original List Price Received 98.6% / 100.0%  -1% 98.7% / 100.0%  -1% Median Days on Market...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Ala Moana & Kaka'ako Honolulu, July 2023   Single Family Homes July Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 2 / 0   4 / 6  -33%   Median Sales Price $1.4185 / $0.0   $1.243750M / $1.3625M  -26% Percent of Original List Price Received 92.1% / 0.0% 92.1% / 98.2%  -6% Median Days on Market Until Sale 26 / 0% 15 / 21  -29% New Listings 0 / 1  -100% 6 / 12  -50% Pending Sales 0 / 0  0% 3 / 6  -50% Active Inventory 3 / 4  -25% ---    Condos July Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 41 / 54  -24%  319 / 481  -34% Median Sales Price $650,000 / $732,500  0%  $680,000 / $765,000  -11% Percent of Original List Price Received 96.4% / 97.2%  -1% 96.8% / 97.9%  -1% Median Days on Market Until Sale 53 / 19  179% 40 / 29 38% ...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Waikiki Honolulu, July 2023   Single Family Homes July Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 0 / 0  0% 0 / 1  -100% Median Sales Price $0 / $0  0% $0 / $1.5M  0% Percent of Original List Price Received 0 / 0  0% 0 / 90.9  0% Median Days on Market Until Sale 0 / 0  0% 0 / 103  0% New Listings 0 / 0  0% 0 / 1  -100% Pending Sales 0 / 0  0% 0 / 1  -100% Active Inventory 0 / 0  0% ---    Condos July Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 78 / 104  -25%  657 / 849  -23% Median Sales Price $389,775 / $422,000  -12%   $412,000 / $440,000  -6% Percent of Original List Price Received 96.9% / 100.0%  -3% 97.2% / 98.8%  -2% Median Days on Market Until Sale 26 / 16  63% 26 / 19  37% New Listings 108 / 126  -14% 899 / 1060...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Make a splash and join the Waikīkī Aquariumʻs End of Summer Trash Bash! Send the summer off by helping clean up Waikīkī beaches and parks.Event Time: Saturday, August 26th, 2023 10 AM – 12 PM Meeting Address: Waikīkī Aquarium 2777 Kalakaua Avenue Honolulu, HI 96815Registration Required. Sign up today at https://forms.gle/SE4tyECkqFno7P7D8 Check in anytime between 10 AM – 11:30AM at the gated lawn entrance of the Aquarium (to the left of the front entrance) to pick up a bucket and tools for cleaning up the surrounding parks and beaches. All supplies and collected rubbish must be returned to the Aquarium by 12PM. Children must be accompanied by an adult. Supplies such as buckets/bags and tongs will be provided. Gloves can be provided to those who do not bring their own reusable pair. Reme...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
O'ahu Home Sales Dip Amid Rising Borrowing CostsActive inventory and days on market increase as sales volume continues to declineAccording to resales figures released this week by the Honolulu Board of REALTORS®, both single-family homes and condos experienced a slump in sales as elevated borrowing costs continued to dampen summer buying activity. Single-family home sales fell by 28.2%, and condo sales dropped by 18.5% compared to the same time last year. In both markets, properties that sold in July spent a median of 16 days on the market, just a slight jump up from July 2022, where single-family homes had a median of 11 days and condos had 12 days.Using data collected from its computerized Multiple Listing Service (MLS) system, the Board reported the following statistics: Single-Famil...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 2023 marks a momentous year for the Hawaiian Humane Society, with the opening of their second location, the Kosasa Family Campus at Hoʻopili in ʻEwa Beach in May. The Humane Society celebrated 140 years of service on July 24 and invites you to join in the celebration, with planned events all year round!To kick off the year of celebration, a new online store has been launched featuring limited edition and exclusive Hawaiian Humane apparel and merchandise. ( Shop Now ) The Humane Society StoryThe Hawaiian Humane Society is dedicated to promoting the human-animal bond and the humane treatment of all animals. We work towards creating a truly humane society based on compassion and shared responsibility. We envision a community in which every companion animal has a home – a community in whic...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
               Latest rates, based on 20 percent down, $200,000 owner-occupant mortgages. The rates and terms may vary; check with lenders for details. Rates may have changed click here to verifyWednesday, August 2, 2023  Lender Term/Type Interest Rate % Points % *APR Aloha Pacific Federal Credit Union808-531-3711NMLS#377314 15-YR Fixed 5.750 2.000 6.248 30-YR Fixed 6.375 1.875 6.672 5-YR ARM 5.500 0.875 5.684 American Savings Bank808-593-1226NMLS#423168 15-YR Fixed 5.875 2.125 6.347 30-YR Fixed 6.500 2.125 6.796 5-YR ARM 6.500 2.000 7.570 Bank of Hawaii877-616-2636 15-YR Fixed 6.375 1.250 6.574 30-YR Fixed 6.875 1.000 6.974 5-YR ARM 6.000 1.875 7.241 Central Pacific Bank808-544-0500NMLS#416603 15-YR Fixed 6.000 2.250 6.504 30-YR Fixed 6.500 1.875 6.777 5-YR ARM 7.375 0.000 7.860 Financ...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Downtown and Nu'uanu Honolulu, June 2023   Single Family Homes June Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 0 / 9  -100% 21 / 47  -55% Median Sales Price $0.0 / $1.325M  -19%  $1.1M / $1.285M  -14%  Percent of Original List Price Received 0.0% / 102.7% 0%  94.8% / 100.1%  -5%  Median Days on Market Until Sale 0 / 6  0% 17 / 8  113% New Listings 9 / 8  13% 39 / 50  -22%  Pending Sales 7 / 7  0% 25 / 4 3 -42% Active Inventory 22 / 13  69% ---    Condos June Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 33 / 55  -40% 166 / 294  -44% Median Sales Price $447,500 / $545,000  -18%   $560,000 / $584,000  -4% Percent of Original List Price Received 97.6% / 100.0%  -2% 97.6% / 100.0%  -2% Median Days on Market Until Sale 23 / 9 ...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Diamond Head & Kapahulu Honolulu, June 2023   Single Family Homes June Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 11 / 11  0%  61 / 97  -37%  Median Sales Price $1.7M / $1.365M  23%   $1.350M / $1.427M  -5%  Percent of Original List Price Received 95.8% / 100.8%  -5%   94.6% / 100.9%  -6% Median Days on Market Until Sale 11 / 9  22%  27 / 12  125% New Listings 20 / 28  -29% 67 / 102  -33% Pending Sales 15 / 25  -40% 81 / 111 -27% Active Inventory 37 / 39  -5% ---    Condos June Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 4 / 8  -50%  29 / 60  -52%  Median Sales Price $844,500 / $1.675  -50%   $637,000 / $622,500  2% Percent of Original List Price Received 94.5% / 90.7%  4% 99.0% / 100.0%  -1%    Median Days on Market Un...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Makiki & Moili'ili Honolulu, June 2023   Single Family Homes June Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 11 / 12  -8%  48 / 66  -27%  Median Sales Price $1.41M / $1.525M   -8%   $1.4325M / $1.75M  -18%   Percent of Original List Price Received 96.3% / 100.5%  -4% 96.0% / 100.0%  -4% Median Days on Market Until Sale 30 / 12   180% 14 / 14  0% New Listings 11 / 14  -21% 75 / 88  -15% Pending Sales 4 / 14  -71% 55 / 77  -29% Active Inventory 31 / 22  41% ---    Condos June Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 50 / 69  -28% 225 / 425  -47%  Median Sales Price $402,500 / $400,000  1%   $415,000 / $410,000  1% Percent of Original List Price Received 100.0% / 100.0%  0% 98.7% / 100.0%  -1% Median Days on Market Unti...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
HAWAIʻI ʻUKULELE FESTIVALSunday, 10 AM - 5 PM The Hawaiʻi ʻUkulele Festival is a celebration of all things ʻukulele.  This first time event takes place on Sunday, July 23, 2023, at the Kapiʻolani Park Bandstand from 10 am - 5 pm in Honolulu, Hawaiʻi. ʻUkulele enthusiasts can look forward to live stage entertainment on the bandstand featuring well known and emerging artists; a children's (keiki) cultural activities area; Hawaiʻi artisans and crafters village; multi-ethnic food court and a variety of ʻukulele related merchants, plus community information booths and ʻukulele inspired merchandise ranging from gifts, books, apparel, jewelry, art, crafts and more.  This is an opportunity to meet and support Hawaiʻi’s local ʻukulele community. This event is sponsored by the Hawaiʻi Tourism Aut...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Ala Moana & Kaka'ako Honolulu, June 2023   Single Family Homes June Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 0 / 2  -100% 2 / 6  -67%   Median Sales Price $0.0 / $1.4185  0% $1.01M / $1.3625M  -26% Percent of Original List Price Received 0.0% / 106.0% 0% 103.7% / 98.2%  6% Median Days on Market Until Sale 0 / 9  0% 4 / 21  -81% New Listings 0 / 0  0% 6 / 11  -45% Pending Sales 0 / 0  0% 3 / 6  -50% Active Inventory 3 / 4  -25% ---    Condos June Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 53 / 67  -21%  278 / 427  -35% Median Sales Price $650,000 / $709,000  -8%  $647,500 / $771,450  -16% Percent of Original List Price Received 97.7% / 98.7%  -1% 96.9% / 98.0%  -1% Median Days on Market Until Sale 40 / 34 18% 35 / 30 ...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Waikiki Honolulu, June 2023   Single Family Homes June Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 0 / 0  0% 0 / 1  -100% Median Sales Price $0 / $0  0% $0 / $1.5M  0% Percent of Original List Price Received 0 / 0  0% 0 / 90.9  0% Median Days on Market Until Sale 0 / 0  0% 0 / 103  0% New Listings 0 / 1  -100% 0 / 1  -100% Pending Sales 0 / 1  -100% 0 / 1  -100% Active Inventory 0 / 0  0% ---    Condos June Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 130 / 133  -2%  579 / 745  -22% Median Sales Price $452,500 / $515,000  -12%   $420,000 / $440,000  -5% Percent of Original List Price Received 97.4% / 98.9%  -2% 97.3% / 98.7%  -1% Median Days on Market Until Sale 31 / 16  94% 26 / 20  30% New Listings 131 / 143  -8% 791 / ...
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