|
|
|
|
|
|
Though the month of February is short, it is filled with love and sweet surprises. Read on for real estate updates, a new development announcement and discover local events curated just for you!
|
|
|
|
|
|
|
|
|
|
|
New Year Sees Home Sales Fall by Half, Median Sales Prices Dip Modestly
|
|
|
|
|
|
|
The new year began with closed sales of O‘ahu properties falling significantly year-over-year, with single-family homes dropping 54.0% and condos declining 50.2%. After 17 consecutive months of single-family home prices reaching $1,000,000 or more, January ended with a single-family home median sales price of $970,000, representing a 7.6% decline compared to January 2022. The condo market also saw the median sales price dip 2.9% to $495,000. “The median sales price for a single-family home on O‘ahu fell below the $1,000,000 mark because costlier financing is placing some downward pressure on prices,” says Fran Villarmia-Kahawai, president of the Honolulu Board of REALTORS®. “Sellers are having to adjust their approach as buyer demand wanes due to elevated interest rates.” Properties are spending a median of 24 days on the market, roughly double the time compared to last year when the median for single-family homes was 12 days, and the condo median was 14 days. New listings are also slowing, dropping 16.3% for single-family homes and 21.5% for condos. Despite this, active inventory continues to grow compared to 2022, up 77.2% in the single-family home market and 23.7% in the condo market.
|
|
|
|
|
|
|
|
|
|
|
A Reimagined Auahi Street
|
|
We are excited to share that the pedestrian improvements have begun on Auahi Street. The future improvements will include widened and shaded landscaped sidewalks providing improved connectivity between East Village, Kamakeʻe Corridor, and West Village as you stroll, shop, and enjoy all the neighborhood offerings.
|
|
|
|
|
|
|
|
|
Honolulu, HI 968262599 Kapiolani Blvd
Exceptional Residences Coming to Honolulu!
Nestled among Diamond Head, Waikīkī and Kaimukī is a vibrant community in the making. With the most sought-after schools, beaches, parks and restaurants just minutes away, easy access to the best of Honolulu is always within reach. Here, thoughtfully designed amenities, world-class interior design and a commitment to sustainability and wellness allow residents to thrive. With expansive floor-to-ceiling windows, owners of the one-, two- and three-bedroom homes will be greeted with stunning views of Diamond Head and the Ko`olau Mountains.
Of the 1005 units for sale, 60% will be Affordable Housing under the HHFDC, while the remaining 40% will be Market units.
Interested in learning more? The Sales Gallery at Ala Moana Shopping Center is now taking appointments through brokers.
|
|
|
|
|
|
|
|
|
We are very pleased to announce Dina Singer has joined The Duryea Team on Hawai'i Island!
|
|
|
|
|
|
|
|
|
Dina is a native of San Francisco who was raised in the city before her family moved to Bainbridge Island, Washington in 2003.
She earned dual Bachelor of Arts degrees from the University of Washington, Seattle and later moved to Hawaii in 2017, drawn to its culture and practices of yoga, permaculture, and the Hawaiian way of life.
Dina spent her first year living at a remote yoga center, gaining valuable knowledge in property management, before working in the property management sector for rental properties, where she discovered her passion for hosting travelers.
She honed her real estate expertise as a transaction coordinator, assistant property manager, and marketing & social media manager, developing her exceptional customer service, networking, and organizational skills.
Dina leads a holistic lifestyle through yoga and meditation and is an avid nature enthusiast and adventurer. She has found a home in Hawaii where she can thrive and flourish, combining her love of adventure and travel with her passion for real estate.
Welcome to the team, Dina! We're so thrilled to have you.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
On February 11, head to Victoria Ward Park to see a pop-up display featuring larger-than-life flowers. From February 11-14, discover a Valentine’s Day floral installation in South Shore Market where you can snap a picture with your loved ones and take a complimentary bloom — while supplies last!
|
|
|
|
|
|
|
|
|
|
|
|
Hawaii’s premier pop-up market has 2 locations, both on Oahu. Whether in Kailua or Honolulu, you’re bound to spend quality time here. There seems to be, in principle, almost nothing you can’t find at the Aloha Home Markets - except, we suppose, non-Hawaiian-made products.
|
|
|
|
|
|
|
|
|
|
|
After 3 years of celebrating virtually, this iconic Hawaiian tradition is now finally back in person in on February 25th. The Ho'olaule'a in Kapalama has it all. Bring the whole family and wander to find authentic local cuisine and insane desserts.
|
|
|
|
|
|
|
|
|
|
We're honored to be Founding Members of REALM, a collection of the industry’s top thought leaders that provides us an international resource to better serve our clients.
Through the partnership, REALM members will be matched with clients that Aidentified has linked, based on pre-existing relationships and aligning client data. The pairing allows for real estate brokers to expand their offerings to their clients and provide better connection opportunities.
Prior to even listing your property, we can tell you how many buyers have an infinity for your home based on lifestyle & geotags. Interested in learning more?
|
|
|
|
|
|
|
|
|
Your Trusted Oahu Referral Partners
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
|
|
|
|
|
|
|
![](https://cdn.filestackcontent.com/ALjVIPyY5SBCdSTP1630Sz/resize=width:600/"https://www.compass.com/m/15/c5d6f544-d378-4f68-92c8-e7f1656d24ad/origin.jpg")
![](https://cdn.filestackcontent.com/ALjVIPyY5SBCdSTP1630Sz/resize=width:600/"https://www.compass.com/m/15/f8c1dc8f-b0d5-4d8e-ab4e-c91a899d87d6/origin.jpg")
![](https://cdn.filestackcontent.com/ALjVIPyY5SBCdSTP1630Sz/crop=dim:[0,155,3524,2330]/resize=width:600/"https://www.compass.com/m/15/88e63fda-2df9-4411-b616-729724af2091/origin.png")
![](https://cdn.filestackcontent.com/ALjVIPyY5SBCdSTP1630Sz/crop=dim:[646,0,3709,2452]/resize=width:600/"https://www.compass.com/m/15/802f93c5-193a-43a0-a7a6-915b3f4ec3b8/origin.png")
![](https://cdn.filestackcontent.com/ALjVIPyY5SBCdSTP1630Sz/crop=dim:[0,760,2828,2828]/resize=width:600/"https://www.compass.com/m/15/4f936dd0-66d1-4237-b4ae-3d040b9a6dec/origin.jpg")
![](https://cdn.filestackcontent.com/ALjVIPyY5SBCdSTP1630Sz/crop=dim:[200,0,800,800]/resize=width:600/"https://www.compass.com/m/15/bd5a6c00-50b5-492d-85a4-c4e2efd784f9/origin.png")
![](https://cdn.filestackcontent.com/ALjVIPyY5SBCdSTP1630Sz/crop=dim:[290,0,800,800]/resize=width:600/"https://www.compass.com/m/15/7c42f45b-acc1-4271-86ff-9031c18e7495/origin.jpg")
![](https://cdn.filestackcontent.com/ALjVIPyY5SBCdSTP1630Sz/crop=dim:[173,0,685,685]/resize=width:600/"https://www.compass.com/m/15/5c07ac21-c557-468e-adff-689d462d77de/origin.jpg")
![](https://cdn.filestackcontent.com/ALjVIPyY5SBCdSTP1630Sz/resize=width:600/"https://www.compass.com/m/15/f14c1852-4be1-47bc-ac97-d6290d75b1c3/origin.jpg")
![](https://cdn.filestackcontent.com/ALjVIPyY5SBCdSTP1630Sz/crop=dim:[0,0,300,300]/"https://www.compass.com/m3/9802af423a365a28d1c374e2e3538b2afbfa90be/300x300.jpg")
![](https://cdn.filestackcontent.com/ALjVIPyY5SBCdSTP1630Sz/crop=dim:[0,0,2031,2031]/resize=width:600/"https://www.compass.com/m/13/c8370d1d-1516-41ce-9495-c35a28f89b23/origin.jpg")
![](https://cdn.filestackcontent.com/ALjVIPyY5SBCdSTP1630Sz/output=format:png,density:300/resize=width:600/"https://beta.compass.com/ucfe-assets/mc-assets/3/Compass_Logo_H_K.svg"){kind=logo}
