March 2022 Oahu Hawaii Housing Inventory Snapshot

The March 2022 Oahu Hawaii Housing Inventory Snapshot represents aggregated values based on Honolulu MLS data as of March 31, 2022. Each inventory category includes a link providing the current Honolulu MLS listings for that particular category. The prices presented in the table are average prices meaning that the presented price includes homes priced well below the average list price.  The table does not provide the 30-day trends for the list price, sold price, days on market or available listings. If you are interested in a more detailed table with  trend percentages, click here to register to receive the monthly report via email.

Housing Inventory Snapshot  March 31, 2022 
Average List Price Average Sold Price Average DOM: active/sold listings Number of Listings
Honolulu County, HI
Click to Search Single Family under $1M [MLS Data Based on SFH] $1,363,355 $1,172,329 54 / 23 262
Click to Search Single Family over $1M [MLS Data Based on Luxury SFH] $6,698,765 $4,045,250 97 / 64 77
Click to Search Condo/Townhome under $500K [MLS Data Based on Condo/Townhome] $454,747 $495,627 90 / 30 740
Click to Search Condo/Townhome over $500K [MLS Data Based on Luxury Condo/Townhome] $2,314,494 $1,617,885 124 / 47 244
The trend for the average list price and for the average sold price for all categories has risen for March 2022. The average days on market has marginally increased for all categories except luxury single family that has accelerated with 31 fewer days on market before having an acceptable purchase contract.  Additionally, the number of active listings has decreased for all categories. With supply waning, demand will contribute to increases in average list price and the average sold price. The increase in prices is also likely contributed to supply chain price increases too.  Given the near term persistence of the supply chain issues, the potential exists for an upward trend in prices  regardless of demand. 

No matter the market condition opportunity can present itself but only for those who are actively looking and ready to pounce. If you know someone who is considering buying or selling a home, please give me a call. I provide professional and courteous service and have first hand knowledge on Honolulu neighborhoods and communities.

If you are considering selling, our digital marketing strategy and distributed print media ensures that your listing gets exposure. If you want to know what your home is worth in the current market Click Here, or for more personalized service, contact me directly at 808-223-0429. 

April 2022 Hawaii Featured Honolulu Real Estate For Sale

April 2022 Hawaii Featured Honolulu Real Estate For Sale

Aloha! Our advertisement for the April 2022 Homes & Land publication featuring Honolulu real estate listings from Hawaii Dream Realty LLC.  Our company is proud to have partnered with Homes & Land to market properties for sale. Homes & Lands print media compliments our online sales and marketing provided through our own www.Invest808.com website in addition to Realtor.com, Trulia, Zillow, and other third party listing providers. Our listings can also be found on The Wall Street Journal real estate portal, The Washington Post real estate portal, The New York Times and The International Herald Tribune real estate portals as well as other established luxury lifestyle real estate portals.

Homes & Land is not just a magazine, it is a fully integrated marketing program including a printed magazine distributed locally and worldwide and online giving our listings increased local exposure beyond the Multiple Listing Services. With Homes & Land our listings get exposure with more than 2,700 targeted, quality publications mailed to Oahu homes; exposure through 101 street magazine boxes all over the island; direct distribution to industry professionals including mortgage companies, title companies, banks, coffee houses, airport lounges, golf courses, hotels, and real estate offices; and reaches over 200 MILLION unique visitors worldwide through Internet marketing campaigns and online syndication that target Asia, China, Korea, Europe, Japan, Canada and Latin America.

You can find our advertisements on the back cover in the current issue as well as past issues. Contact your Realtor if you have any questions about any of the properties appearing in any issue of the Estates & Homes publication.

Homes and Land Syndication

Tax Day Reminder

Tax Day ReminderMany United States residents mark Tax Day as the deadline to file their income tax details to the Internal Revenue Service (IRS). The date is usually on or around April 15.

Individuals can exclude up to $250,000 in profit from the sale of a main home (or $500,000 for a married couple) as long as you have owned the home and resided in the home as a principal residence for a period of time no less than two years during a past five year period.

If you are considering selling your home, we have resources to keep you informed about what is happening in your neighborhood and when the time is right get you the exposure needed to accomplish your financial goals.

We Moved Our Office

Effective April 1, 2022, we have moved our office to a new location.  We relocated one block to a commercial space within the Waikiki Resort Hotel lobby.  We are very excited about the new location.  The location is central between many buildings we manage in the Waikiki area. The new location enables us to continue to service our customers’, clients’, guests’, and tenants’ individual needs.

All contact information (phone numbers, emails, websites and portals) shall remain the same to include our secure mailing address: PO BOX 4569, Kaneohe, HI 96744. Only our physical office location has changed to 2460 Koa Ave, Unit # F, Honolulu, HI 96815.

We Moved Our Office

February 2022 Oahu Hawaii Housing Inventory Snapshot

The February 2022 Oahu Hawaii Housing Inventory Snapshot represents aggregated values based on Honolulu MLS data as of February 25, 2022. Each inventory category includes a link providing the current Honolulu MLS listings for that particular category. The prices presented in the table are average prices meaning that the presented price includes homes priced well below the average list price.  The table does not provide the 30-day trends for the list price, sold price, days on market or available listings. If you are interested in a more detailed table with  trend percentages, click here to register to receive the monthly report via email.

Housing Inventory Snapshot  February 25, 2022 
Average List Price Average Sold Price Average DOM: active/sold listings Number of Listings
Honolulu County, HI
Click to Search Single Family under $1M [MLS Data Based on SFH] $1,274,150 $1,167,516 47 / 22 273
Click to Search Single Family over $1M [MLS Data Based on Luxury SFH] $5,818,319 $3,882,816 129 / 42 84
Click to Search Condo/Townhome under $500K [MLS Data Based on Condo/Townhome] $447,015 $460,587 83 / 34 805
Click to Search Condo/Townhome over $500K [MLS Data Based on Luxury Condo/Townhome] $2,246,599 $1,313,147 115 / 53 260
The 30-day trend for the average list price is indeed trending downward for a second consecutive month for single family and for luxury family homes. However, the average sold price for single family homes has remained relatively unchanged while the luxury single family homes plummeted nearly 23 percent.  The condo/townhome and luxury condo/townhome average list price trended upward during the past 30 days while their average sold price fell. The 30-day average days on market for all categories except condo/townhome fell with the largest decrease in the luxury single family home selling in 42 days. The 30-day trend in inventory for all markets has begun to increase from the previous month. 

You must keep in mind that the trends are all short term and most purchase and sales contracts take longer to close than 30-days. None-the-less, the short term market movement provides an indicator into rates of change. Given the trends, we are seeing waning demand in the housing markets as seller adjust their prices down with increasing supply indicating a shift toward a buyers market.  However, the average days on market suggested that the market is not stagnant and demand remains strong for the condo/townhome markets. 

No matter the market condition opportunity can present itself but only for those who are actively looking and ready to pounce. If you know someone who is considering buying or selling a home, please give me a call. I provide professional and courteous service and have first hand knowledge on Honolulu neighborhoods and communities.

If you are considering selling, our digital marketing strategy and distributed print media ensures that your listing gets exposure. If you want to know what your home is worth in the current market Click Here, or for more personalized service, contact me directly at 808-223-0429. 

January 2022 Oahu Hawaii Housing Inventory Snapshot

The January 2022 Oahu Hawaii Housing Inventory Snapshot represents aggregated values based on Honolulu MLS data as of January 28, 2022. Each inventory category includes a link providing the current Honolulu MLS listings for that particular category. The prices presented in the table are average prices meaning that the presented price includes homes priced well below the average list price.  The table does not provide the 30-day trends for the list price, sold price, days on market or available listings. If you are interested in a more detailed table with  trend percentages, click here to register to receive the monthly report via email.

Housing Inventory Snapshot  January 28, 2022 
Average List Price Average Sold Price Average DOM: active/sold listings Number of Listings
Honolulu County, HI
Click to Search Single Family under $1M [MLS Data Based on SFH] $1,460,486 $1,158,174 69 / 23 248
Click to Search Single Family over $1M [MLS Data Based on Luxury SFH] $6,802,541 $5,031,875 144 / 137 74
Click to Search Condo/Townhome under $500K [MLS Data Based on Condo/Townhome] $432,015 $481,646 86 / 29 781
Click to Search Condo/Townhome over $500K [MLS Data Based on Luxury Condo/Townhome] $2,020,774 $1,591,509 118 / 75 255
The 30-day trend for the average list price has settled down from the previous month’s jump with all categories except condo/townhome dropping. The overall change from the previous month is significant. The luxury single family market 30-day trend in average sold price continued its upwards leap to a 22 percent increase however the luxury condo/townhome market fell by 15 percent.  The 30-day average days on market for all categories except luxury single family homes dropped but not by a significant margin. The 30-day trend in inventory for all markets remained relatively stagnant.

You must keep in mind that the trends are all short term and most purchase and sales contracts take longer to close than 30-days. None-the-less, the short term market movement provides an indicator into rates of change. Given the trends, we are still seeing a strong demand for luxury single family homes and condo/townhomes regardless sellers are adjusting prices downward and accepting less money for single family homes and luxury condo/townhomes.  With supply remaining flat, we could see upward pressure on prices in the near term. As long as inventory remains low, along with near term mortgage interest rates, the market will continue to favor sellers. 

Even a market that favors sellers does not mean that deals are none existent. No matter the market condition opportunity can present itself but only for those who are actively looking and ready to pounce. If you know someone who is considering buying or selling a home, please give me a call. I provide professional and courteous service and have first hand knowledge on Honolulu neighborhoods and communities.

If you are considering selling, our digital marketing strategy and distributed print media ensures that your listing gets exposure. If you want to know what your home is worth in the current market Click Here, or for more personalized service, contact me directly at 808-223-0429. 

December 2021 Oahu Hawaii Housing Inventory Snapshot

The December 2021 Oahu Hawaii Housing Inventory Snapshot represents aggregated values based on Honolulu MLS data as of December 31, 2021. Each inventory category includes a link providing the current Honolulu MLS listings for that particular category. The prices presented in the table are average prices meaning that the presented price includes homes priced well below the average list price.  The table does not provide the 30-day trends for the list price, sold price, days on market or available listings. If you are interested in a more detailed table with  trend percentages, click here to register to receive the monthly report via email.

Housing Inventory Snapshot  December 31, 2021 
Average List Price Average Sold Price Average DOM: active/sold listings Number of Listings
Honolulu County, HI
Click to Search Single Family under $1M [MLS Data Based on SFH] $1,479,203 $1,168,010 80 / 23 246
Click to Search Single Family over $1M [MLS Data Based on Luxury SFH] $7,054,784 $4,113,636 129 / 20 70
Click to Search Condo/Townhome under $500K [MLS Data Based on Condo/Townhome] $422,954 $466,079 92 / 30 771
Click to Search Condo/Townhome over $500K [MLS Data Based on Luxury Condo/Townhome] $2,174,308 $1,871,808 123 / 66 255
The 30-day trend for the average list price leaped upwards over 14 percent for both single family and luxury single family homes, while the condo/townhome and luxury condo/townhome dipped 3 and 2 percent, respectively. The luxury single family market 30-day trend in average sold price also leaped upwards to nearly 10 percent while single family home trend was a mere 2 percent increase. However, the luxury condo/townhome 30-day average sold price trend took center stage with a whopping 42 percent jump. The 30-day average days on market for single family homes and condo/townhome is around 3 months with the luxury markets taking remaining active for just over 4 months. The 30-day trend in inventory for all markets covered in this report is downward.  You must keep in mind that the trends are all short term and most purchase and sales contracts take longer to close than 30-days. None-the-less, the short term market movement provides an indicator into rates of change. 

Historically, looking back on 2021, the market was ripe for sellers and appears to still be maintaining some headway into 2022.  What we don’t see in the snapshot is that single family and luxury single family markets sales volume and median sale price are both lower than 2020.  Likewise, the condo/townhome and luxury condo/townhome sales volume and median sale price are also lower than 2020.  Interestingly, in 2021, according to the Honolulu Board of Realtors, “the median percentage of the original list price received reached 102% for single family homes and 100% for condos. This means more than half of single family home sellers received more than their original asking price, and at least half of condo sellers received their full asking price or more.”  As long as mortgage rates remain low and inflation continues to grow, the short term trend is likely to persist, and with inventory dropping, bidding wars are likely at least for the near term. 

If you know someone who is considering buying or selling a home, please give me a call. I provide professional and courteous service and have first hand knowledge on Honolulu neighborhoods and communities.

If you are considering selling, our digital marketing strategy and distributed print media ensures that your listing gets exposure. If you want to know what your home is worth in the current market Click Here, or for more personalized service, contact me directly at 808-223-0429. 

Hawaiian King Waikiki Turnkey Investment For Sale $85,000 LH

$85,000 LH, Honolulu, 1 Bed – Nicely renovated in 2015 with new kitchen, appliances, dishwasher added, wood tile flooring throughout, shower and comfortably furnished to sleep up to four with a queen Beauty Rest bed with a Smart motion base and a pull out couch. Hawaiian King offers all the conveniences of Waikiki with Waikiki Beach a short 5-minute walk. Pool, building manager, convenience store and local bar are on site. Pool is to be renovated in Jan 2022. Maintenance Fee includes: water, sewer; electric is sub-metered and billed with the monthly Maintenance Fee. Turnkey investment currently being rented short term.

Hawaiian King Waikiki Turnkey Investment For Sale $85,000 LH

$85,000

Single Family Home
1 Bedroom
1 Full Bathroom
Interior: 468 sqft
Year Built: 1959
MLS #: 202130307

More Information

Photos

Property photo  Property photo  Property photo  Property photo  Property photo  Property photo  Property photo  Property photo  Property photo  Property photo  Property photo  Property photo  Property photo  Property photo  Property photo  Property photo

Features

  • Single Family Home
  • Fully Furnished Turnkey Investment
  • Short Term Vacation Rental
  • 468 sf Living Area
  • 1-bedroom Suite
  • Window Air Conditioner Unit
  • Include Home Warranty Program
  • Garden View from Patio
  • BBQ Area and Pool
  • Maintenance Fee includes Utilities
  • Resident Manager on Property
  • Offered Leasehold

Interested? See more information or schedule showing

For more information, contact (808) 735-2221

December 2021 Hawaii Featured Honolulu Real Estate For Sale

December 2021 Hawaii Featured Honolulu Real Estate For Sale

Aloha! Our advertisement for the December 2021 Estates & Homes publication featuring Honolulu real estate listings from Hawaii Dream Realty LLC.  Our company is proud to have partnered with Homes & Land to market properties for sale. Homes & Lands print media compliments our online sales and marketing provided through our own www.Invest808.com website in addition to Realtor.com, Trulia, Zillow, and other third party listing providers. Our listings can also be found on The Wall Street Journal real estate portal, The Washington Post real estate portal, The New York Times and The International Herald Tribune real estate portals as well as other established luxury lifestyle real estate portals.

Homes & Land is not just a magazine, it is a fully integrated marketing program including a printed magazine distributed locally and worldwide and online giving our listings increased local exposure beyond the Multiple Listing Services. With Homes & Land our listings get exposure with more than 2,700 targeted, quality publications mailed to Oahu homes; exposure through 101 street magazine boxes all over the island; direct distribution to industry professionals including mortgage companies, title companies, banks, coffee houses, airport lounges, golf courses, hotels, and real estate offices; and reaches over 200 MILLION unique visitors worldwide through Internet marketing campaigns and online syndication that target Asia, China, Korea, Europe, Japan, Canada and Latin America.

You can find our advertisements on the back cover in the current issue as well as past issues. Contact your Realtor if you have any questions about any of the properties appearing in any issue of the Estates & Homes publication.

Homes and Land Syndication

Waikiki Condotel Studio Investment – $98,000 LH

Waikiki Condotel Studio Investment

Overview
Details
Virtual Tour
More Info
$98,000
Condominium
Main Features
1 Full Bathroom
Interior: 286 sqft
Year Built: 1975
MLS #: 202112095
Location
2450 Prince Edward Street
609A
Honolulu, HI 96815
USA
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Anytime, Anywhere, Any Device…We Bring Owners and Tenants Together

  • Honest, Ethical, Reliable & Supportive TEAM
  • Full Service Property Management and Sales
  • Professional Management Systems
  • Long Term Tenant Screening – Credit/Criminal/Eviction Checks
  • Inspections, Maintenance and Cleaning Coordination
  • Owner’s Portal Online 24/7 Access
  • Direct Deposit Monthly Disbursements
  • Marketing and Advertising Included (No Additional Cost)
  • Marketing Syndications: AirBnB, Booking.com, HomeAway, VRBO, Vacation Rentals, Expedia, TripAdvisor and MORE
  • Short Term Guest Management Services with ID Verification
  • MAXIMIZING OWNERS BOTTOM LINE!

Whether you are looking for someone to take the burden of the daily demands of managing the property and the tenants, or looking for someone to make sure you are in compliance with Landlord Tenant Code, Hawaii Dream Realty LLC has a TEAM of ethical, licensed, professionals to get the job done while making your investment as profitable as possible.

Click Here for Our Property Management Website

September 2021 Oahu Hawaii Housing Inventory Snapshot

The September 2021 Oahu Hawaii Housing Inventory Snapshot represents aggregated values based on Honolulu MLS data as of September 27, 2021. Each inventory category includes a link providing the current Honolulu MLS listings for that particular category. The table does not provide the 30-day trends for the list price, sold price, days on market or available listings. If you are interested in a more detailed table with  trend percentages, click here to register to receive the monthly report via email.

The 30-day trend for the average list price for all categories dropped and most substantially for luxury single family homes which fell 12.6 percent from August. 

The average sold price for all categories also dropped with around a 23 percent drop in average sold prices for both luxury single family homes and luxury condominiums/townhomes. 

While pricing has been bearish, the average days on market predominately dropped for all categories expect single family homes which remained relatively flat meaning that inventory is still moving. 

Inventory remained unchanged for single family and luxury single family homes; however, inventory notched upwards for both categories of condominiums/townhomes.  The increase in supply has the potential to further drive down prices in the condominium market.    

The snapshot for September is waning away from support for sellers and may be shifting to favor buyers particularly with the condominium/townhome markets. As we move into fall season, such an adjustment to the market is expected, but we will need to wait until next month’s snapshot to see if the trend persists and to what degree. 

Housing Inventory Snapshot  September 27, 2021 
Average List Price Average Sold Price Average DOM: active/sold listings Number of Listings
Honolulu County, HI
Click to Search Single Family under $1M [MLS Data Based on SFH] $1,280,136 $1,110,074 50 / 16 343
Click to Search Single Family over $1M [MLS Data Based on Luxury SFH] $5,537,553 $4,199,222 127 / 64 101
Click to Search Condo/Townhome under $500K [MLS Data Based on Condo/Townhome] $407,611 $454,045 82 / 31 832
Click to Search Condo/Townhome over $500K [MLS Data Based on Luxury Condo/Townhome] $2,431,711 $1,277,382 139 / 40 270
If you know someone who is considering buying or selling a home, please give me a call. I provide professional and courteous service and have first hand knowledge on Honolulu neighborhoods and communities.

If you are considering selling, our digital marketing strategy and distributed print media ensures that your listing gets exposure. If you want to know what your home is worth in the current market Click Here, or for more personalized service, contact me directly at 808-223-0429. 

Video

September 10, 2021, Honolulu Department of Planning and Permitting Testimony from Theresa Harden (R)

More than 200 people testified Wednesday before the City and County of Honolulu’s Planning Commission on the second day of public hearings for a bill that would implement more regulations for short-term rentals. Theresa Harden’s testimony compelled multiple follow-on questions from the commissioners and resulted in a 1-hour phone conversation with a commissioner the day following her testimony. The video is Ms. Harden’s compelling testimony.

Theresa Harden (R) is the Principal Broker for Hawaii Dream Realty LLC. Hawaii Dream Realty LLC is an independent and licensed real state brokerage founded in 2007, is located in the heart of Waikiki, and specializes in sales, marketing, exchange and management of investment properties.

SOLD – Mililani High Floor Condominium – $360,000 – 56 DOM

Mililani High Floor Condominium

SOLD – Cash Generating Waikiki Legal Vacation Rental – $88,000 – 154 DOM

SOLD – Kewalo Gardens Fee Simple 1-Bedroom with Parking – $315,000 – 19 DOM

Kewalo Gardens Makiki Fee Simple 1-Bedroom with Parking


Kewalo Gardens Makiki Fee Simple 1-Bedroom with Parking
Overview
Details
Virtual Tour
More Info
$315,000 Fee Simple
Single Family Home
Main Features
1 Bedroom
1 Full Bathroom
Interior: 405 sqft
Year Built: 1987
MLS #: 202113301
Location
1503 Liholiho Street
402
Honolulu, HI 96822
USA
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