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Honolulu, HI Real Estate News

By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
Kakaako is undergoing a major transformation in 2025, and this update gives you the inside scoop on the biggest developments you need to know about.The centerpiece? A new pedestrian bridge across Ala Moana Boulevard is now open, offering easier access to the oceanfront and elevating the area’s walkability.You’ll also find a growing skyline featuring... Read More
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By Kimo Stowell, REALTOR®, ABR®, GREEN - 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 verify Wednesday, July 2, 2025  Lender Term/Type Interest Rate % Points % *APR American Savings Bank808-593-1226NMLS#423168 15-YR Fixed 5.250 1.750 5.647 30-YR Fixed 6.125 2.125 6.412 5-YR ARM 5.375 1.625 6.637 Bank of Hawaii877-616-2636 15-YR Fixed 5.375 0.750 5.491 30-YR Fixed 6.000 1.750 6.165 5-YR ARM 5.375 1.750 6.551 Central Pacific Bank808-544-0500NMLS#416603 15-YR Fixed 5.250 1.875 5.675 30-YR Fixed 6.000 2.125 6.289 5-YR ARM 6.250 0.000 6.968 Finance Factors808-548-3300NMLS#449916 15-YR Fixed 5.250 1.500 5.704 30-YR Fixed 6.125 2.000 6.460 5-YR ARM 6.500 1.500 7.194 First Hawaiian Bank808-643...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
If you’re eyeing a condo in Kakaako, Honolulu’s trendiest neighborhood, prepare yourself—not just for the sticker price, but for the monthly maintenance fees. In his latest market breakdown, David Buck from Harcourts Island Real Estate reveals the surprising costs hiding behind those ocean-view windows... Read More
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By Kimo Stowell, REALTOR®, ABR®, GREEN - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Downtown and Nu'uanu Honolulu, May 2025   Single Family Homes May Year to Date 2025 / 2024 Change% 2025 / 2024 Change% Closed Sales 4 / 4  0% 25 / 25  0% Median Sales Price $1.26425M / $1.001M  26% $1.375M / $1.2M  15% Percent of Original List Price Received 90.5% / 96.2%  0% 96.9% / 96.9% 0% Median Days on Market Until Sale 88 / 34  159% 28 / 32  -13% New Listings 5 / 7  -29% 36 / 36  0% Pending Sales 3 / 8  -63% 25 / 32  -22% Active Inventory 20 / 19  5% ---    Condos May Year to Date 2025 / 2024 Change% 2025 / 2024 Change% Closed Sales 27 / 26  4% 121 / 133  -9% Median Sales Price $498,000 / $522,000  -5% $522,500 / $585,000  -11% Percent of Original List Price Received 98.7% / 100%  -1% 95.5% / 98.4%  -3% Median Days on Market Until Sale 40 / 17  135% 49 / 19 ...
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By Kimo Stowell, REALTOR®, ABR®, GREEN - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Diamond Head & Kapahulu Honolulu, May 2025   Single Family Homes May Year to Date 2025 / 2024 Change% 2025 / 2024 Change% Closed Sales 14 / 8  75% 71 / 56  27% Median Sales Price $1.2M/ $1.56875M  -24%   $1.320M/ $1.4075M  -6% Percent of Original List Price Received 100.6% / 92.1%  9% 97.9% / 96.7%  1% Median Days on Market Until Sale 20 / 60  -67% 20 / 16  25% New Listings 23 / 20  15% 105 / 85  24% Pending Sales 22 / 12  83% 90 / 66  36% Active Inventory 48 / 48  0% ---    Condos May Year to Date 2025 / 2024 Change% 2025 / 2024 Change% Closed Sales 5 / 6  -17% 36 / 31 16%  Median Sales Price $615,000 / $532,500  15% $607,500 / $607,000 0% Percent of Original List Price Received 87.5% / 99.6%  -12% 95.5% / 99.2%  -4% Median Days on Market Until Sale 21 / 8  163% ...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
Is Now the Perfect Time to Sell in Mariners Valley?A surprising real estate trend is unfolding in Hawaii Kai. Mariners Valley — a charming neighborhood nestled at the back of this sought-after area — currently has no active listings. That’s right: not a single home is available for sale.What’s Behind the Drought?David Buck of Harcourts Island Real Estate highlights this in his latest market update. With only one property under contract at $1.45 million and just two home sales in the last six months averaging $1.419 million, this tight inventory signals an opportunity.Homes in Mariners Valley, built mainly between 1969 and 1972, remain highly desirable. And since we’re deep in the traditional buying season, the lack of listings could give prospective sellers a competitive edge... Read More
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By Kimo Stowell, REALTOR®, ABR®, GREEN - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Condos along the Ala Wai Canal in the McCully/Moili'ili neighborhood of Honolulu. The area has a large community garden and dog park with promenades along the canal, making for an expansive recreation area for you and your pet.  Local Market Update  Makiki & Moili'ili Honolulu, May 2025   Single Family Homes May Year to Date 2025 / 2024 Change% 2025 / 2024 Change% Closed Sales 12 / 11  9%  39 / 40   -3%  Median Sales Price $1.8245M / $1.415M   29% $1.52M / $1.5294M  -1% Percent of Original List Price Received 97.5% / 100.8%  -3% 97.1% / 98.1%  -1% Median Days on Market Until Sale 27 / 8  238% 30 / 16  88% New Listings 10 / 20  -50% 64 / 75  -15% Pending Sales 4 / 7  -43% 42 / 43  -2% Active Inventory 37 / 48  -23% ---    Condos May Year to Date 2025 / 2024 Change% 2025 / 2024 Change% Cl...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
Hawaii Kai Townhomes & Marina Condos You Need to See 🏝️Aloha, this is David and today we're going to do a tour on the townhomes here in Hawaii Kai because we did a video a little while back about some of the high rises which you see directly behind me but now I want to cover all the townhomes here in Hawaii Kai. There's some incredible projects some of which are gonna be directly on the marina such as Kuapa Isle here behind me is the Moorings and Gateway Peninsula out the back.We're going to cover these in no particular order, kind of alphabetical in a sense, and we're gonna be starting with Colony at the Peninsula, which is on the other side of the marina here. So I hope you enjoy this tour of townhomes here in Hawaii Kai... Read More
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By Kimo Stowell, REALTOR®, ABR®, GREEN - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Ala Moana & Kaka'ako Honolulu, May 2025   Single Family Homes May Year to Date 2025 / 2024 Change% 2025 / 2024 Change% Closed Sales 1 / 0   - 4 / 2  100% Median Sales Price $808,000/ - $1.22M / $1M  22% Percent of Original List Price Received 92.9% / - 92.7% / 94.7%  -2%  Median Days on Market Until Sale 0 /  - 29 / 38  24% New Listings 2 / 0  - 8 / 2  300%  Pending Sales 4 / 1  - 300% 7 / 3  113% Active Inventory 9 / 4  100% ---    Condos May Year to Date 2025 / 2024 Change% 2025 / 2024 Change% Closed Sales 46 / 54  -15%  229 / 202  13%  Median Sales Price $757,500 / $748,500  1% $760,000 / $732,500  4% Percent of Original List Price Received 93.7% / 96.0%  -2% 94.8% / 96.1%  -1%  Median Days on Market Until Sale 93/ 66  41% 69 / 53  30% New Listings 79 / 90  -12...
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By Kimo Stowell, REALTOR®, ABR®, GREEN - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Waikiki Honolulu, May 2025   Single Family Homes May Year to Date 2025 / 2024 Change% 2025 / 2024 Change% Closed Sales No Recorded Sales* No Recorded Sales* Median Sales Price $0 / $0  0% $0 / $0  0% Percent of Original List Price Received 0 / 0%  0% 0 / 0  0% Median Days on Market Until Sale 0 / 0  0% 0 / 0  0% New Listings 1 / 0  0% 1 / 0  0% Pending Sales 0 / 0  0% 0 / 0  0% Active Inventory 1 / 0  0% --- * Waikiki has very few single family residences and are rarely offered for sale.  Condos May Year to Date 2025 / 2024 Change% 2025 / 2024 Change% Closed Sales 90 / 127  -29% 390 / 471  -17% Median Sales Price $462,000 / $390,000  18% $449,000 / $430,000  4% Percent of Original List Price Received 96.2% / 97.4%  -1% 95.7% / 97.0%  -1% Median Days on Market Unti...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
If you're dreaming of waterfront living in East Oahu, specifically along the Hawaii Kai Marina, brace yourself: as of May 2025, only two true marina front single-family homes are on the market. With record-low inventory and continued buyer interest, the Hawaii Kai marina market is hotter than ever, and sellers are in an exceptional position... Read More
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By Kimo Stowell, REALTOR®, ABR®, GREEN - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
O'ahu Housing Market Recorded Slowdown in Overall Sales Activity in May Single-family homes show pricing resilience amid steady demand; condo market reflects shifting dynamics HONOLULU – According to resale figures released this week by the Honolulu Board of REALTORS®, Oʻahu’s housing market recorded a slowdown in overall sales activity in May, particularly in the condominium segment. Single-family home sales dipped 5.6% year-over-year to 235 closed sales, while condominium sales dropped 21.8% to 374 transactions. Year-to-date, sales remained below 2024 levels, down 5.3% for single-family homes and 7.2% for condominiums. Using data collected from its computerized Multiple Listing Service (MLS) system, the Board reported the following statistics:   Single-Family Home Resales   Number of...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
Across the U.S., more home sales are collapsing before they close — and Hawaii isn’t immune. According to Redfin, nearly 1 in 7 real estate contracts were canceled in recent months, making it the second-highest fallout rate ever recorded. While national headlines may sound dramatic, there’s real data behind the concern — and several local factors at play on Oahu, especially in the condo market... Read More
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By Kimo Stowell, REALTOR®, ABR®, GREEN - 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 verify Wednesday, June 4, 2025  Lender Term/Type Interest Rate % Points % *APR American Savings Bank808-593-1226NMLS#423168 15-YR Fixed 5.375 2.000 5.814 30-YR Fixed 6.375 2.000 6.656 5-YR ARM 5.500 1.625 6.612 Bank of Hawaii877-616-2636 15-YR Fixed 5.500 0.875 5.636 30-YR Fixed 6.125 1.750 6.292 5-YR ARM 5.500 1.750 6.541 Central Pacific Bank808-544-0500NMLS#416603 15-YR Fixed 5.375 2.125 5.843 30-YR Fixed 6.250 1.875 6.521 5-YR ARM 6.250 0.000 6.894 Finance Factors808-548-3300NMLS#449916 15-YR Fixed 5.250 2.125 5.804 30-YR Fixed 6.250 2.125 6.601 5-YR ARM 6.500 1.500 7.194 First Hawaiian Bank808-643...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
With mortgage rates hovering around 7% and homes spending over 120 days on the market, many Hawaii Kai homeowners are wondering: “Is this really the right time to sell?” While conditions might feel uncertain, there are actually strong indicators that this summer may be a smart window to list your property — especially if you’ve owned your home for more than a few years... Read More
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By Kimo Stowell, REALTOR®, ABR®, GREEN - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Downtown and Nu'uanu Honolulu, April 2025   Single Family Homes April Year to Date 2025 / 2024 Change% 2025 / 2024 Change% Closed Sales 3 / 10  -70% 21 / 21  0% Median Sales Price $1.28M / $1,179,870  8% $1.375M / $1.259,739  9% Percent of Original List Price Received 100.0% / 99.7%  0% 98.3% / 96.9%  1% Median Days on Market Until Sale 8 / 20  -60% 28 / 32  -13% New Listings 8 / 11  -27% 31 / 29  7% Pending Sales 4 / 5  -20% 22 / 24  -8% Active Inventory 21 / 20  5% ---    Condos April Year to Date 2025 / 2024 Change% 2025 / 2024 Change% Closed Sales 24 / 406  -40% 94 / 107  -12% Median Sales Price $525,000 / $608,000  -13% $522,500 / $590,000  -11% Percent of Original List Price Received 93.8% / 98.5%  -5% 95.1% / 98.4%  -3% Median Days on Market Until Sale 48 /...
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By Kimo Stowell, REALTOR®, ABR®, GREEN - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Diamond Head & Kapahulu Honolulu, April 2025   Single Family Homes April Year to Date 2025 / 2024 Change% 2025 / 2024 Change% Closed Sales 15 / 16  -6% 57 / 48  19% Median Sales Price $1.4M/ $1.1825M  18%   $1.375M/ $1.295M  6% Percent of Original List Price Received 96.8% / 95.8%  1% 97.4% / 96.9%  1% Median Days on Market Until Sale 25 / 14  79% 20 / 15  33% New Listings 25 / 21  19% 82 / 65  26% Pending Sales 16 / 14  14% 68 / 54  26% Active Inventory 52 / 42  21% ---    Condos April Year to Date 2025 / 2024 Change% 2025 / 2024 Change% Closed Sales 15 / 7  114% 31 / 25  24%  Median Sales Price $625,000 / $620,000  1% $605,000 / $620,000 -2% Percent of Original List Price Received 95.9% / 100.0%  -4% 95.9% / 99.2%  -3% Median Days on Market Until Sale 31 / 11  1...
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By Kimo Stowell, REALTOR®, ABR®, GREEN - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Condos along the Ala Wai Canal in the McCully/Moili'ili neighborhood of Honolulu. The area has a large community garden and dog park with promenades along the canal, making for an expansive recreation area for you and your pet.  Local Market Update  Makiki & Moili'ili Honolulu, April 2025   Single Family Homes April Year to Date 2025 / 2024 Change% 2025 / 2024 Change% Closed Sales 7 / 9  -22%  27 / 29   -7%  Median Sales Price $1.57M / $1.595M   -2%  $1.498955M / $1.595M  -6% Percent of Original List Price Received 93.8% / 97.5%  -4% 97.1% / 97.4%  0% Median Days on Market Until Sale 38 / 23  65% 31 / 23  35% New Listings 10 / 17  -41% 54 / 55  -2% Pending Sales 10 / 12  -17% 38 / 36  6% Active Inventory 39 / 45  -13% ---    Condos April Year to Date 2025 / 2024 Change% 2025 / 2024 Chan...
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By Kimo Stowell, REALTOR®, ABR®, GREEN - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Ala Moana & Kaka'ako Honolulu, April 2025   Single Family Homes April Year to Date 2025 / 2024 Change% 2025 / 2024 Change% Closed Sales 1 / 0   - 3 / 2  50% Median Sales Price $1.2M / - $1.24M / $1M  24% Percent of Original List Price Received 92.4% / - 92.4% / 94.7%  -2%  Median Days on Market Until Sale 46 / - 46 / 38  21% New Listings 3 / 0  - 6 / 3  200%  Pending Sales 1 / 0  - 3 / 2  50% Active Inventory 9 / 4  125% ---    Condos April Year to Date 2025 / 2024 Change% 2025 / 2024 Change% Closed Sales 49 / 52  -6%  183 / 148  24%  Median Sales Price $650,000 / $745,000  -13% $760,000 / $699,500  9% Percent of Original List Price Received 92.0% / 96.0%  -4% 95.1% / 96.1%  -1%  Median Days on Market Until Sale 79 / 65  22% 67 / 50  34% New Listings 109 / 88  24%...
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By Kimo Stowell, REALTOR®, ABR®, GREEN - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Waikiki Honolulu, April 2025   Single Family Homes April Year to Date 2025 / 2024 Change% 2025 / 2024 Change% Closed Sales No Recorded Sales* No Recorded Sales* Median Sales Price $0 / $0  0% $0 / $0  0% Percent of Original List Price Received 0 / 0%  0% 0 / 0  0% Median Days on Market Until Sale 0 / 0  0% 0 / 0  0% New Listings 0 / 0  0% 1 / 0  0% Pending Sales 0 / 0  0% 0 / 0  0% Active Inventory 1 / 0  0% --- * Waikiki has very few single family residences and are rarely offered for sale.  Condos April Year to Date 2025 / 2024 Change% 2025 / 2024 Change% Closed Sales 88 / 107  -18% 300 / 344  -13% Median Sales Price $428,750 / $480,000  -11% $445,000 / $444,000 0% Percent of Original List Price Received 96.1% / 96.0%  0% 95.3% / 96.9%  -2% Median Days on Market...
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