|
| Cheers
to
2023!
A
new
year
is
a
new
opportunity,
full
of
possibility,
hope,
and
potential.
Wishing
you
a
great
start
to
2023,
and
health
and
happiness
all
year
long. Read
on
for
seasonal
tips
and
discover
lifestyle
trends
to
kick
off
2023. |
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O‘ahu
Home
Sales
Cool
in
2022
Amid
Rising
Mortgage
Rates |
| In
December,
sales
for
single-family
homes
plummeted
46.6%,
while
condo
sales
were
down
39.3%
year-over-year.
The
median
sales
price
for
a
single-family
home
dipped
slightly
to
$1,049,500,
while
the
median
condo
sales
price
rose
to
$502,500.
In
the
single-family
home
market,
the
$800,000
to
$999,999
range
saw
a
whopping
225%
increase,
with
143
listings
available
at
the
end
of
the
year
compared
to
just
44
listings
in
December
2021.
In
the
condo
market,
active
inventory
most
significantly
increased
primarily
in
the
mid
to
upper
price
ranges.
Year-over-year,
active
inventory
in
the
$400,000
to
$1,999,999
price
range
rose
by
50%.
2022
Year-End
Stats
In
2022,
O‘ahu’s
real
estate
market
was
marked
by
transition.
The
year
began
similarly
to
2021
with
intense
competition
among
buyers,
with
mortgage
rates
still
hovering
near
historic
lows
and
ended
with
headwinds
when
these
rates
rapidly
and
sharply
rose.
Key
highlights
included: In
the
second
quarter
of
2022,
63%
of
single-family
homes
and
44%
of
condos
closed
above
the
original
asking
price. In
May,
the
single-family
home
market
set
a
record
median
price
of
$1,153,500;
in
June,
the
condo
market
hit
a
record
median
of
$534,000. Mortgage
rates
continued
to
rise
through
the
year,
with
average
rates
reaching
the
7%
range
in
late
October
and
ending
2022
in
the
mid-6%
range. In
the
fourth
quarter,
the
percentage
of
properties
sold
above
the
original
asking
price
had
dropped
to
29%
of
single-family
home
sales
and
25%
of
condo
sales.
“While
O‘ahu’s
real
estate
market
started
the
year
strong,
the
steep
rise
in
interest
rates
and
fluctuation
in
inventory
are
shifting
the
market
dynamic,”
says
Fran
Villarmia-Kahawai,
president
of
the
Honolulu
Board
of
REALTORS®.
“Although
buyers
face
higher
financing
costs,
they
now
have
more
options
to
choose
from,
and
competition
isn’t
as
fierce.” |
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Return
to
Nature
at
Kōʻula |
| Named
2022
Architecture
Innovator
by
The
Wall
Street
Journal,
Kōʻula’s
award-winning
architect
Jeanne
Gang
believes
we’re
most
at
home
in
nature.
For
Ward
Village’s
newest
collection
of
homes,
Gang
drew
insights
from
the
island
and
applied
them
to
materials
and
form
—
from
Kōʻula’s
architectural
shape
to
the
open-air
living
spaces
that
flow
seamlessly
outdoors.
Learn
more
about
the
natural
environment
that
awaits
at
Kōʻula
and
if
you
have
any
questions,
our
very
own
Donna
Duryea
owns
a
beautiful
two-bedroom
pied-a-terre
in
the
podium. |
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| | In
memory
of
Duke
Kahanamoku,
watch
Hawaii's
pro
surfers
battle
it
out
as
they
try
and
capture
the
wave
of
the
day
and
pull
of
some
mind
blowing
tube
rides!
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| Join
Us
in
Supporting
the
Eco
Rotary
Club
of
Kaka‘ako
&
Surfrider
Foundation |
| Ward
Village
invites
you
to
celebrate
the
new
year
with
sips
and
farm-to-table
fare
at
the
Kaka‘ako
Ocean
Friendly
Garden.
Join
the
Eco
Rotary
Club
of
Kaka‘ako
and
Surfrider
Foundation
on
Friday,
January
13
from
4pm
to
7pm.
Click
here
to
reserve
your
spot. |
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| Come
celebrate
the
Lunar
New
Year
at
Ward
Village!
From
January
22
to
February
6,
discover
lucky
lion
photo
opportunities,
find
festive
lanterns
hung
at
Victoria
Ward
Park
and
stop
by
participating
retailers
handing
out
special
red
envelopes
with
good
luck
wishes. |
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| Lifestyle
Tips
and
Tricks |
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| | Turtle
Bay
Resort,
an
O’ahu
landmark
since
1973,
reopened
this
summer
after
a
major
renovation
that
embodies
the
very
best
of
the
North
Shore’s
captivating
natural
beauty,
adventurous
experiences,
and
rich
culture.
The
only
full-service
resort
on
the
North
Shore
–
the
home
of
big
wave
surfing
–
Turtle
Bay
is
set
on
nearly
1,400
oceanfront
acres,
featuring
sprawling
farmland
and
five
miles
of
pristine
beaches,
ranging
from
secluded
coves
to
legendary
surf
spots.
Nearly
every
aspect
of
the
hotel
experience
has
been
transformed
to
immerse
guests
in
this
dramatic
landscape,
from
the
stunning
redesigned
lobby
and
pool
deck
to
the
locally
inspired
dining
concepts
and
spacious
new
Ocean
Bungalows
just
steps
from
the
water.
(We
had
lunch
at
the
resort
last
weekend
and
were
blown
away
by
the
renovations.
A
must-see
for
locals
and
visitors!)
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11
Best
Places
to
Travel
in
Winter |
| New
year,
new
vacation!
Though
festivities
may
have
passed,
there’s
still
plenty
of
opportunities
for
you
to
keep
up
your
spirits
with
a
weekend—or
a
week—away.
From
cold
weather
activities
to
sun-filled
adventures,
there’s
a
trip
waiting
for
you. |
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The
30
Must-Read
Books
If
You're
Heading
To
The
Mountains
This
Winter |
| Start
the
new
year
off
with
a
full
bookshelf!
2023
has
a
lot
of
promising
new
titles
that
are
sure
to
keep
you
turning
pages
all
winter
long.
Browse
the
collection
of
thrillers,
romance,
short
stories,
biographies,
memoirs,
and
more! |
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| | 2771
Pacific
Heights
Road |
| 3
BD
2
BA
1,462
SF
$1,150,000
IN
ESCROW
SHOWING |
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| Tait
&
I
had
the
most
amazing
week
in
Melbourne
and
down
the
coast
with
our
family
and
friends.
Having
not
been
able
to
travel
to
Australia
during
the
pandemic,
it
was
only
the
second
time
in
three+
years
that
I'd
been
back.
We
savored
every
precious
moment,
with
long
lunches
(my
mum
is
the
most
amazing
cook),
walks
on
the
beach
and
hours
exploring
the
city.
I
hope
you
enjoyed
the
holidays
&
are
feeling
energized
for
the
year
ahead!
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New
Home
in
the
New
Year
✨ As
we
kick
off
2023,
it’s
a
great
time
to
consider
restarting
your
home
search.
Shifting
market
conditions
create
great
new
opportunities
to
buy.
Now
might
be
the
right
time
for
you,
as
with
lower
competition
you
can
make
an
offer
on
your
own
terms
and
start
reaping
the
benefits
of
home
ownerships
today.
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| Realtor
Salesperson
-
83377 |
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|
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.
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