Honolulu Board of REALTORS®

📈 In November 2024, O‘ahu single-family homes and condos saw double-digit increases in sales, and nominal changes in median sales prices year over year. 🏠 Single-family home sales rose 12.8% 🔺 with 203 closings and the median sales price was $1,115,000, up 1.4% 🔺. A slightly larger share of single-family home sales closed above the original asking price this November – 26% compared to 21% in November 2023. 🏙 Condo sales jumped 10% 🔺 to 341 closings, while the condo median sales price increased 2.7% 🔺 to $530,000. Fewer condos sold above the original asking price, accounting for 12% of sales this November compared to 19% at the same time last year. November ended with 749 active single-family home listings (up 11.5% 🔺) and 2,049 active condo listings (up 53.3% 🔺). “Although seasonal trends produced a drop in sales from a month ago, the uptick in sales year-over-year in both single-family home and condo markets was positive. We also continued to see more sellers offering properties for sale compared to a year ago and sustained demand from prospective buyers, resulting in a balanced market,” said Fran Gendrano, Immediate Past President of the Honolulu Board of REALTORS. #housingmarket #hawaiirealestate #oahurealestate #HonoluluBoardOfRealtors

👋 Our office will be closed from 12 - 5 p.m. on Wednesday for our annual staff holiday lunch. We'll be back to assist with your member needs on Thursday, December 5 👍️ #officeclosure #HonoluluBoardOfRealtors

👏👏 Let's give a big round of applause to each of our 2024 Aloha 'Aina REALTOR Award winners! 🏆️ You can read the stories of how they helped their clients through challenging housing situations in the special Aloha ‘Aina REALTOR Award tabloid insert in this Sunday’s Honolulu Star-Advertiser. #alohaainarealtorawards #honoluluboardofrealtors #ProfessionalAchievement #CelebratingExcellence @forwardrealtyhawaii @marcus-&-associates-inc. @locations-hawaii @hawaiian-americana-realty-inc @real-estate-specialists @gregory-andrasick-599854212 @jamie-apuna-13a5a79 @lonnie-bonds-65377b @cannie-chum-5b6746132 @cory-tsuda-6642274b @melissa-filek-howard-1313997 @dollcygebauer @yumi-laney-84607914 @christina-laney-mitre @dereklau @melanie-long-11172910

🙌 Congratulations are in order for our 2024 Aloha 'Aina REALTOR Award winners 🏆️, announced at our Winter GMM today. 🥳 🤙Mahalo for your displaying what exemplary professionalism and client service look like! 🌟 #alohaainarealtorawards #honoluluboardofrealtors #ProfessionalAchievement @forwardrealtyhawaii @marcus-&-associates-inc. @locations-hawaii @hawaiian-americana-realty-inc @real-estate-specialists @gregory-andrasick-599854212 @jamie-apuna-13a5a79 @lonnie-bonds-65377b @cannie-chum-5b6746132 @cory-tsuda-6642274b @melissa-filek-howard-1313997 @dollcygebauer @yumi-laney-84607914 @christina-laney-mitre @dereklau @melanie-long-11172910

🎉 Cheers to Joe Castaneda and Cathy Matthews, this year’s winners of the Nishikawa Education & Professional Achievement Award! 🏆️ Your commitment to educational achievement and your volunteer service to our board is inspiring. 👏👏 #honoluluboardofrealtors #ProfessionalAchievement @josephcastaneda @betterhawaii

🎉 Please help us congratulate Darryl Macha on his very well-deserved selection as our 2024 HBR REALTOR of the Year! 🏆 👏 Darryl – we can’t thank you enough for making meaningful contributions to our industry and the community through your leadership, political advocacy, and volunteerism. 🌟⁠ #realtoroftheyear #honoluluboardofrealtors @darrylmachareal @locations-hawaii

Just a friendly reminder that our office will be closed tomorrow, November 22nd, for our ‘Tis the Season GMM⁠. Get ready for informative workshop sessions, a revamped trade show area including a holiday marketplace, and our awards luncheon! We'll see you at the Hawai'i Convention Center! ⁠ ⁠ #HonoluluBoardOfRealtors #HbrGmm #TisTheSeasonGMM

According to HBR's October Local Market Update 🏡 single-family home sales in Makaha-Nanakuli increased 18% 🔺 year over year as the area’s median price rose 3% 🔺 to $692,000. The median days on market for homes in this area was 35 days. Active inventory in this region ended the month with 96 active SFH listings, up 17%. 🏙 In the condo/townhome market, closed sales in Makiki-Moiliili rose 19% 🔺 and the area’s median condo price ticked up 2% 🔺 to $411,500. Condos in this area were on the market for a median of 19 days. The region’s active inventory was up 61% compared to last October, ending the month with 222 active condo listings. Our monthly Local Market Update provides an in-depth look into the neighborhood-by-neighborhood activity of O’ahu’s housing market. Connect with a REALTOR, your local neighborhood experts, if you’re looking for housing activity in a specific region. Find more info on real estate and see what's on the market at hicentral.com.⁠ #HawaiiRealEstate #Makaha #Nanakuli #Makiki #Moiliili #HonoluluBoardOfRealtors

🇺🇸 On this Veterans Day, we honor and salute those who have served. In service of those who serve, a REALTOR can help service members take advantage of the numerous VA benefits and resources available to them. Whether relocating to or from Hawai’i, the process of finding or selling a home that meets your unique needs and timetables to utilizing VA financing is made simpler with the help of a professional on your side. #VeteransDay #HonoluluBoardofRealtors

📈 In October, the O‘ahu housing market experienced a year-over-year increase in sales and inventory. 🏠 Single-family home sales rose 22.5% 🔺 while the median sales price held steady at $1,100,000. This October, 31% of single-family home sales closed above the original asking price, compared to 29% last year. 🏙 Condo/townhome sales ticked up 1.5% 🔺 and the condo median price rose 1.9% 🔺 to $525,000. Condos closing above asking price accounted for 17% of sales, slightly down from 18% a year ago. There were 298 and 597 new listings for single-family homes and condos, respectively, in October. The month ended with 741 active single-family home listings (up 18.4% 🔺) and 1,957 active condo listings (up 49.8% 🔺). “With an uptick in sales across both single-family homes and condos, coupled with stable median prices, O‘ahu’s housing market shows resilience entering the fourth quarter. With increased inventory and new listings, prospective buyers have more flexibility to find the home that best fits their needs,” said Fran Gendrano, President of the Honolulu Board of REALTORS. With factors like rising insurance costs and evolving policies shaping Oʻahu’s real estate landscape, making informed choices is crucial for buyers and sellers. An experienced REALTOR provides valuable insights into these trends, guiding clients through market complexities to help them make confident, informed decisions. #housingmarket #hawaiirealestate #oahurealestate #HonoluluBoardOfRealtors