Hawaii real estate market update

Aug. 7, 2023

Hawaii Market Crashes... 1.6%, buyers are getting deals

Why are Hawaii real estate prices so stubborn? They just won't crash, even though mortgage rates are over 7%? It's very simple - supply and demand.  But, some buyers are getting deals! Where? 

With 28.8% fewer new listings, there simply isn't enough on the market ...

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Feb. 7, 2023

The Hawaii Market already crashed. Now buyers are back!

The Hawaii Market already crashed, but you may not have noticed. 

The median price in January showed signs of a market that declined all of last year, and that is now picking up dramatically.  The median price fell from the peak of $1,153,500 in May 2022 ...

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Dec. 6, 2022

Is now your opportunity to buy in Hawaii?

I bought my house in 2007, knowing full well that the market bubble was about to burst.  Why did I do that? Because I wanted to live in this house, the one I still live in 15 years later. I paid $1.2mil for the house in 2007, and ...

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Nov. 8, 2022

Sales are down 41%, but the market hasn't crashed yet

Yes, the number of sales has dropped dramatically - by 41.7%.  That's right, the number of sales has dropped nearly in half since last year, 2021, which was the craziest year in real estate history. 

But while the market has slowed a lot, prices are still UP ...

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July 13, 2022

Sales still steady despite low inventory

The number of sales dropped 20% since last year but median sale prices have risen again.  Last year was a crazy year of sales and things have now normalized.

Despite the Year-over-year sales drop, the last 4 months have remained steady - The average number of single family homes sold ...

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May 9, 2022

Hawaii Real Estate Can Slow and Rise Simultaneously

Can real estate prices rise while sales slow down at the same time?

In Hawaii it can. While the number of sales dropped off by almost 3% last month compared to last year, prices are now still up 19.1% and we still continue to see them rising.
My experience ...
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April 12, 2022

A New Record for Median Sales Prices

The first quarter of 2022 closed with new record median sales prices for both single-family homes and condos at $1,150,000 and $515,500, respectively. How did that happen?

Fewer single-family homes were sold in March and the first quarter, with the most significant decline occurring in the $899 ...

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March 6, 2022

No, the Hawaii market is not slowing down

"In 100 years." is what I joked to my friend Chris who asked me this morning, "When will the market slow down?" The Hawaii real estate market has little to no inventory, which made the median home price rise to yet another new record high of $1,125,000, up ...

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Feb. 7, 2022

One huge, gigantic factor that will make Hawaii prices rise again

When will Hawaii real estate slow down?  Are prices going up or down this year? I get these questions often, with so many people feeling left out of the market.  In January, prices continued to rise in Hawaii, with single family median prices at over $1mil and condo ...

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Jan. 9, 2022

Home prices continue to rise and condo sales are strong

For the last five months, the median sales price for a Single-family home has stayed between $1 Million and $1.05 Million.  Although the Year-over-Year closings are down 10%, December 2021 closings were still higher than November. Median days on the market were only 11 days and sold 2 ...

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