First-Time Homebuyer in Hawaii: Is It Actually Possible?

I get this question a lot from local people — people who grew up in Hawaii, work here, and desperately want to own a piece of the island they call home. And the question is usually delivered with a combination of …

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 …

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 …

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 …

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 …

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 …

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 …

"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 …

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 …