Oct. 6, 2021

Oahu Real Estate Market Update September 2021

Oahu Real Estate Market Update – September 2021

2 Out of Every 3 Single-Family Homes Sell for Over the Asking Price in September

Oahu Real Estate Market Update September 2021

Year-over-year market activity continues to mark gains, but month-to-month closed sales dip

In September, closed sales of single-family homes and condos continued to outpace sales activity from the same time last year, recording 8.4% and 34.9% increases, respectively. However, sales dropped slightly compared to August, with single-family homes down just 0.2% and condos dipping 8.9%. The median price for a single-family home remained at $1,050,000, while the median condo price rose 7.4% year-over-year to $478,000.

Around 57% of single-family homes sold in September were priced at $1 million and above, and the most volume growth occurred in the $1,000,000 to $1,399,999 range, with more than double the sales as last September. Roughly two out of every three single-family homes sold last month closed above the original asking price. The practice of bidding over the asking price was most prevalent in the Ewa Plain region, representing more than 80% of the region’s third quarter sales.

Sales of condo properties in the $700,000 and above price range more than doubled year-overyear with 129 closed sales compared to just 57 last September. Meanwhile, 39.6% of condos sold for more than the asking price in the third quarter, especially in the Central, Ewa Plain, and Makakilo regions, where this occurred in over 70% of sales.

Both markets marked an uptick in new listings compared to 2020; however, active inventory – representing properties listed and open for sale at the end of the given month – fell sharply. The active inventory of single-family homes dropped by 17.4%. The regions with the most significant decline in active inventory for this market were Diamond Head and the North Shore, representing 49% and 59% drops, respectively. A total of 738 new condo listings came on the market in September, translating to a 28.1% year-over-year increase, though active inventory was down 40.9% compared to one year ago.

As is typical for this time of year, the O‘ahu real estate market saw a slight decrease in total sales month-to-month. “We’re seeing a slight decrease in total sales month-to-month as families focus on the return to the school year and prepare for the holiday season, which is typical for this time of the year,” said Shannon Heaven, president, Honolulu Board of REALTORS®. “Despite the modest dip in market activity, the majority of homebuyers continue to bid over the asking price in the hopes of securing a property to call home.”

{source: Honolulu Board of REALTORS®}

Click HERE to view full market report.

Click HERE to start viewing homes for sale instantly.

Colin Lee Real Estate Team Photo

Team Lee

About Colin Lee, Team Lead
Realtor-Associate, CPA* | RS-75820
(808) 352-8587 | ColinL@BetterHawaii.com

Colin is recognized as one of the Top 100 Realtors in the State of Hawaii and Top 50 on the island of Oahu in terms of most home sale transactions. This places him in the Top 1% of all realtors on the island. His real estate Team is also ranked in the Top 2% of all Real Estate Teams in the Nation, earning the Platinum Award from Better Homes & Gardens Real Estate. He has been voted “Best In Real Estate” by Honolulu Magazine 6 years in a row and is also an Aloha Aina Award Nominee for 6 years in a row. As a former Licensed Certified Public Accountant (CPA*), Colin is able to use his past professional financial and accounting experiences to help both Buyers and Sellers with one of their biggest financial transactions of their life.

*Colin is a full-time real estate agent and no longer practices public accounting.

Posted in Market Updates
Oct. 1, 2021

3752 Old Pali Road, Honolulu, HI 96817

3752 Old Pali Road, Honolulu, HI 96817

 

Aerial view

Property Summary

NEW LISTING! Enjoy stunning mountain views from this tastefully updated and exquisitely maintained 4 bed2 bath residence PLUS a bonus separate 1 bed 1 bath in-law’s quarters in the serene much sought after Old Pali neighborhood. Situated on a large 13,425 sqft LEVEL lot, the main home features fresh interior/exterior paint, beautiful hardwood floors, and a spacious open kitchen. The 1 bed 1 bath in-law’s quarters offers fresh interior/exterior paint, an open floor plan w/ new cabinets & countertops, and new vinyl plank flooring throughout. The peaceful garden setting is perfectly framed by the dramatic Koolau mountain range. Ideal location close to Downtown Honolulu, restaurants, schools, shopping, and so much more. Don’t miss this fantastic opportunity! Offered at $2,188,000 FS.

Status: ACTIVE
Bedrooms: 5
Bathrooms: 3
Parking: 3 Car+
Living SqFt: 2,384
Land Sqft: 13,425
Year Built: 1955
Inclusions: AC Window Unit, Blinds, Ceiling Fan, Disposal, Dryer, Range/Oven,
Refrigerator, Washer

Want to see more homes in the Nuuanu Area? Visit our Nuuanu Neighborhood Page!

Need help selling or buying a home? Contact Colin Lee @ 808-352-8587 or ColinL@BetterHawaii.com for a FREE 30 minute consultation.

Additional Property Photos

Yard and view of both homes

Driveway view

Living room

LIving room

Sunroom familyroom

Dining area

Kitchen

Kitchen

Bedroom

Bedroom

Bedroom

Bedroom

Bathroom

Bathroom

Cottage living room

Cottage wet bar

Cottage office

Cottage bedroom

Cottage bathroom

Front yard

Outline of property

 

 

If you want to learn more details about this property, the current real estate market or are thinking about buying or selling in the future, please call Colin Lee anytime @ 808-352-8587. All calls are 100% confidential.

Click HERE to visit our currently listed properties.

Click HERE to start viewing homes for sale instantly.

Colin Lee Real Estate Team Photo

Team Lee

About Colin Lee, Team Lead
Realtor-Associate, CPA* | RS-75820
(808) 352-8587 | ColinL@BetterHawaii.com

Colin is recognized as one of the Top 100 Realtors in the State of Hawaii and Top 50 on the island of Oahu in terms of most home sale transactions. This places him in the Top 1% of all realtors on the island. His real estate Team is also ranked in the Top 2% of all Real Estate Teams in the Nation, earning the Platinum Award from Better Homes & Gardens Real Estate. He has been voted “Best In Real Estate” by Honolulu Magazine 6 years in a row and is also an Aloha Aina Award Nominee for 6 years in a row. As a former Licensed Certified Public Accountant (CPA*), Colin is able to use his past professional financial and accounting experiences to help both Buyers and Sellers with one of their biggest financial transactions of their life.

*Colin is a full-time real estate agent and no longer practices public accounting.

Listing Courtesy of BHGRE Advantage Realty
Listing Agent Myron Kiriu, RB-17242

Posted in Currently Listed
Sept. 7, 2021

Oahu Real Estate Market Update August 2021

Oahu Real Estate Market Update – August 2021

Median Price for Single-Family Homes on Oahu Tops $1 Million

Real Estate Market Update August 2021

Sustained demand for housing and significant sales volume at higher price points drive record-high median prices for single-family homes and condos in August

Last month, single-family homes and condos reached new record-high median prices for the second consecutive month at $1,050,000 and $500,000, respectively. The persistent competition in affordable price ranges and more closed sales at higher price points in both single-family home and condo markets are putting upwards pressure on median home prices.

The $1,050,000 single-family median sales price is 25.1% higher than a year ago and up 5.8% above last month’s record. This is the fourth consecutive month single-family homes have set a record median, and except for April, a new record has been set each month this year. Sales jumped 14.9% compared to last August. Sales of properties upwards of $1 million doubled last month, and year-to-date, sales priced at $2,000,000 and above more than tripled, with 297 sales compared to just 97 at the same time last year.

The condo market attracted buyers at all price points, with year-over-year sales rising 65% last month. Sales at higher price points also occurred in the condo market. Condo sales at $600,000 and up nearly tripled, and the $800,000 and above range saw four times the volume as last year, pulling the monthly median sales price up 16.3% over last August.

The statistics in both single-family and condo markets followed similar trends with more new listings, low median days on market and increased offers over asking. More single-family home and condo listings came on market, rising 18.9% and 3.6% compared to last year, respectively. Single-family homes sold in August spent a median of nine days on market, while condos spent a median of 12 days on market. The majority of sellers continue to receive a premium over their asking price. Last month, 64% of single family homes sold above the original asking price, and 41% of condominium sales closed above the original asking price.

{source: Honolulu Board of REALTORS®}

Click HERE to view full market report.

Click HERE to start viewing homes for sale instantly.

Colin Lee Real Estate Team Photo

Team Lee

About Colin Lee, Team Lead
Realtor-Associate, CPA* | RS-75820
(808) 352-8587 | ColinL@BetterHawaii.com

Colin is recognized as one of the Top 100 Realtors in the State of Hawaii and Top 50 on the island of Oahu in terms of most home sale transactions. This places him in the Top 1% of all realtors on the island. His real estate Team is also ranked in the Top 2% of all Real Estate Teams in the Nation, earning the Platinum Award from Better Homes & Gardens Real Estate. He has been voted “Best In Real Estate” by Honolulu Magazine 6 years in a row and is also an Aloha Aina Award Nominee for 6 years in a row. As a former Licensed Certified Public Accountant (CPA*), Colin is able to use his past professional financial and accounting experiences to help both Buyers and Sellers with one of their biggest financial transactions of their life.

*Colin is a full-time real estate agent and no longer practices public accounting.

Posted in Market Updates
Aug. 19, 2021

580 Lunalilo Home Road #VB2409 Honolulu, HI 96825

580 Lunalilo Home Road #VB2409 Honolulu, HI 96825

“Peninsula at Hawaii Kai”

Property Summary

 

NEW LISTING! RARELY AVAILABLE Marina Facing 3 bed 2.5 bath 1600sqft unit that feels like a single family residence in Peninsula at Hawaii Kai! Features of this spacious move-in-ready home includes the rare unobstructed views of the Marina & Mountains in the distance, a private 2 car garage, Central AC, Pet friendly, ample guest parking & much more! Peninsula at Hawaii Kai has resort-like amenities such as a fitness center, pool, spa, BBQ area & clubhouse and is just a few minutes away from the ocean, shopping centers, restaurants, schools & parks! A MUST SEE! Offered at $1,099,000 FS.

Bedrooms:

3

Bathrooms:

2.5

Parking:

2 Car, Garage, Guest

Year Built:

2004

Living Area:

Lanai Area:

 

1,600 sqft

112 sqft

Inclusions:

 

AC Central, Auto Garage Door Opener, Ceiling Fan, Dishwasher, Disposal, Microwave Hood, Range/Oven, Refrigerator, Washer

 

Amenities:



BBQ, Condo Association Pool, Exercise Room, Recreation Area, Walking/Jogging Path

 

Want to see more homes in the Hawaii Kai Area? Visit our Hawaii Kai Neighborhood Page!

Need help selling or buying a home? Contact Colin Lee @ 808-352-8587 or ColinL@BetterHawaii.com for a FREE 30 minute consultation.

Additional Property Photos

Overhead view with Koko Head of 580 Lunalilo Home Road VB2409

Overhead view towards ocean at 580 Lunalilo Home Road VB2409

Living room & marina at 580 Lunalilo Home Road VB2409

Living room and dining area at 580 Lunalilo Home Road VB2409

Living room and entrance to upstairs at 580 Lunalilo Home Road VB2409

Kitchen at 580 Lunalilo Home Road VB2409

Kitchen and casual dining at 580 Lunalilo Home Road VB2409

Dining area at 580 Lunalilo Home Road VB2409

Master bedroom at 580 Lunalilo Home Road VB2409

Master bathroom at 580 Lunalilo Home Road VB2409

Second bedroom at 580 Lunalilo Home Road VB2409

Third bedroom at 580 Lunalilo Home Road VB2409

Second bathroom at 580 Lunalilo Home Road VB2409

Front view and walking path of 580 Lunalilo Home Road VB2409

Front Patio at 580 Lunalilo Home Road VB2409

Front Patio 2 at 580 Lunalilo Home Road VB2409

Garage entrance at 580 Lunalilo Home Road VB2409

Laundry and garage at 580 Lunalilo Home Road VB2409

Marina view at 580 Lunalilo Home Road VB2409

BBQ area at 580 Lunalilo Home Road VB2409

Pool at 580 Lunalilo Home Road VB2409

 

 

 

 

If you want to learn more details about this property, the current real estate market or are thinking about buying or selling in the future, please call Colin Lee anytime @ 808-352-8587. All calls are 100% confidential.

Click HERE to visit our currently listed properties.

Click HERE to start viewing homes for sale instantly.

Colin Lee Real Estate Team Photo

Team Lee

About Colin Lee, Team Lead
Broker-In-Charge, Realtor, CPA* | RB-23147
(808) 352-8587 | ColinL@BetterHawaii.com

Colin is recognized as one of the Top 100 Realtors in the State of Hawaii and Top 50 on the island of Oahu in terms of most home sale transactions. This places him in the Top 1% of all realtors on the island. His real estate Team is also ranked in the Top 2% of all Real Estate Teams in the Nation, earning the Platinum Award from Better Homes & Gardens Real Estate. He has been voted “Best In Real Estate” by Honolulu Magazine 6 years in a row and is also an Aloha Aina Award Nominee for 6 years in a row. As a former Licensed Certified Public Accountant (CPA*), Colin is able to use his past professional financial and accounting experiences to help both Buyers and Sellers with one of their biggest financial transactions of their life.

*Colin is a full-time real estate agent and no longer practices public accounting.

Posted in Currently Listed
Aug. 6, 2021

Oahu Real Estate Market Update July 2021

Oahu Real Estate Market Update – July 2021

Single-Family Homes, Condos Hit New Record-High
Median Sales Prices in July

Real Estate Market Update July 2021

Dwindling inventory, low mortgage rates push the median price of a single-family home to $992,500

Single-family homes and condos set new record-high median prices in July at $992,500 and $475,000, respectively. Summer sales continue at the rapid pace the market has been experiencing the past few months, with single-family homes recording 404 total sales or an 11.9% increase in July. Condos sales continue to rise significantly year-over-year, outpacing single-family home properties with 671 total condo sales resulting in a 57.5% increase.

The new single-family home median sales price jumped up 21.8% compared to one year ago, while the condo median sales price rose 8.0% above last July’s median price. The new singlefamily home record ticked up slightly – 1.4% – above the previous record set just last month, while the new record price for condos was 2.9% higher than the previous record of $461,500 set in July 2019.

Last month, 70% of single-family home sales closed above the asking price. Offers over asking were common across all price points, but they were especially prevalent among 79% of the properties under the median sales price of $992,500. Meanwhile, in July, 38% of condo sales closed above the asking price compared to just 14% in July 2020.

Single-family home properties in the North Shore, Kailua, Hawai‘i Kai and Diamond Head region saw the majority of sales close at prices above the record median sales price of $992,500, while the closed sales in Leeward, Waipahu and Ewa regions were primarily under the median sales price. In the condo market, the popularity of the Metro region persists, marking the largest volume growth of 127.5% or 218 sales last month.

Single-family homes and condos continue to spend mere days on the market, a median of 9 and 11 days, respectively. New single-family home listings increased 11.1% over last year, while new listings for condos barely moved at all up, recording a modest 1.1% increase.

{source: Honolulu Board of REALTORS®}

Click HERE to view full market report.

Click HERE to start viewing homes for sale instantly.

Colin Lee Real Estate Team Photo

Team Lee

About Colin Lee, Team Lead
Realtor-Associate, CPA* | RS-75820
(808) 352-8587 | ColinL@BetterHawaii.com

Colin is recognized as one of the Top 100 Realtors in the State of Hawaii and Top 50 on the island of Oahu in terms of most home sale transactions. This places him in the Top 1% of all realtors on the island. His real estate Team is also ranked in the Top 2% of all Real Estate Teams in the Nation, earning the Platinum Award from Better Homes & Gardens Real Estate. He has been voted “Best In Real Estate” by Honolulu Magazine 6 years in a row and is also an Aloha Aina Award Nominee for 6 years in a row. As a former Licensed Certified Public Accountant (CPA*), Colin is able to use his past professional financial and accounting experiences to help both Buyers and Sellers with one of their biggest financial transactions of their life.

*Colin is a full-time real estate agent and no longer practices public accounting.

Posted in Market Updates
July 30, 2021

2101 Nuuanu Ave #I/1806 Honolulu, HI 96817

2101 Nuuanu Ave #I/1806 Honolulu, HI 96817

“Craigside”

Property Summary

Dining and Living Room with View at 2101 Nuuanu Ave #I/1806 Honolulu, HI 96817

Spacious & Pet Friendly 1 Bed 1 Bath 798 sqft unit with beautiful mountain views! Features of this well maintained unit include an easily accessible covered parking stall, floor to ceiling windows throughout, plantation shutters, a washer/dryer in unit, ample guest parking, resort like amenities including a pool/jacuzzi, tennis courts, 24-hour security and much more! Craigside is a great building conveniently located just minutes away from freeway access, downtown, parks, restaurants & schools. A MUST SEE! Offered at $499,000 FS.

Bedrooms:

1

Bathrooms:

1

Parking:

1 Car, Covered, Garage, Guest

Year Built:

1981

Living Area:

798 sqft

Inclusions:

 

AC Window Unit, Dishwasher, Disposal, Dryer, Microwave Hood, Range/Oven, Refrigerator, Washer

Amenities:



BBQ, Exercise Room, Pool, Recreation Area, Sauna, Security Guard, Tennis Court, Trash Chute, Whirlpool

Want to see more homes in the Nuuanu Area? Visit our Nuuanu Neighborhood Page!

Need help selling or buying a home? Contact Colin Lee @ 808-352-8587 or ColinL@BetterHawaii.com for a FREE 30 minute consultation.

Additional Property Photos

Living room at 2101 Nuuanu Ave #I/1806 Honolulu, HI 96817

Kitchen at 2101 Nuuanu Ave #I/1806 Honolulu, HI 96817

Dining area at 2101 Nuuanu Ave #I/1806 Honolulu, HI 96817

Bedroom at 2101 Nuuanu Ave #I/1806 Honolulu, HI 96817

Bedroom at 2101 Nuuanu Ave #I/1806 Honolulu, HI 96817

Bathroom at 2101 Nuuanu Ave #I/1806 Honolulu, HI 96817

Gym at 2101 Nuuanu Ave #I/1806 Honolulu, HI 96817

Pool at 2101 Nuuanu Ave #I/1806 Honolulu, HI 96817

Tennis at 2101 Nuuanu Ave #I/1806 Honolulu, HI 96817

Park area at 2101 Nuuanu Ave #I/1806 Honolulu, HI 96817

Pool at 2101 Nuuanu Ave #I/1806 Honolulu, HI 96817

Jacuzzi at 2101 Nuuanu Ave #I/1806 Honolulu, HI 96817

Building view at 2101 Nuuanu Ave #I/1806 Honolulu, HI 96817

If you want to learn more details about this property, the current real estate market or are thinking about buying or selling in the future, please call Colin Lee anytime @ 808-352-8587. All calls are 100% confidential.

Click HERE to visit our currently listed properties.

Click HERE to start viewing homes for sale instantly.

Colin Lee Real Estate Team Photo

Team Lee

About Colin Lee, Team Lead
Broker-In-Charge, Realtor, CPA* | RB-23147
(808) 352-8587 | ColinL@BetterHawaii.com

Colin is recognized as one of the Top 100 Realtors in the State of Hawaii and Top 50 on the island of Oahu in terms of most home sale transactions. This places him in the Top 1% of all realtors on the island. His real estate Team is also ranked in the Top 2% of all Real Estate Teams in the Nation, earning the Platinum Award from Better Homes & Gardens Real Estate. He has been voted “Best In Real Estate” by Honolulu Magazine 6 years in a row and is also an Aloha Aina Award Nominee for 6 years in a row. As a former Licensed Certified Public Accountant (CPA*), Colin is able to use his past professional financial and accounting experiences to help both Buyers and Sellers with one of their biggest financial transactions of their life.

*Colin is a full-time real estate agent and no longer practices public accounting.

Posted in Currently Listed
July 6, 2021

Oahu Real Estate Market Update June 2021

Oahu Real Estate Market Update – June 2021

Condos Sales Far Outpace Single-Family Home Activity in Bustling Housing Market

Real Estate Market Update June 2021

Metro region surges in popularity, marking substantial increases in property sales for single-family homes, condos

Closed sales of single-family homes rose 49.3%, and condo sales skyrocketed 134.0% compared to this time last year when real estate activity first began to pick up following the economic standstill brought on by the pandemic. The median sales price of a single-family home edged past last month’s record to reach $979,000, while the condo median sales price of $460,000 was just shy of the standing record of $461,500 from July 2019.

The condo market continues to bustle with activity, setting a new record low days on the market at a median of just 11 days. Single-family homes continue to move into escrow quickly, spending a median of 8 days on the market. Sellers added much-needed inventory to the market, with June marking a 23.0% increase in new single-family home listings and a 31.1% increase in condo listings.

So far, in 2021, the trend of properties selling over the asking price persists, with 57.7% of single-family homes and 32.9% of condos closing above the original asking price. These overasking price sales confirm bidding wars are occurring predominantly in mid-range price points for single-family home properties, with 57.0% of those sales in the $600,000 to $999,999 range. Inventory in this price bracket for single-family homes is down 37.0% compared to a year ago. Meanwhile, in the condo market, 66% of sales above the original asking price occurred in the $400,000 to $699,999 price range.

Year-to-date, the regions with the most substantial increase in single-family home sales were Diamond Head and the Metro area, up 84.4.% and 76.2%, respectively. The Metro region – which covers Mapunapuna and Kalihi all the way through Waikīkī and Moiliili – was also popular in the condo market with a 79.4% jump in sales, and the Ewa region marked a 60.2% increase in sales.

{source: Honolulu Board of REALTORS®}

Click HERE to view full market report.

Click HERE to start viewing homes for sale instantly.

 

Colin Lee Real Estate Team Photo

Team Lee

About Colin Lee, Team Lead
Realtor-Associate, CPA* | RS-75820
(808) 352-8587 | ColinL@BetterHawaii.com

Colin is recognized as one of the Top 100 Realtors in the State of Hawaii and Top 50 on the island of Oahu in terms of most home sale transactions. This places him in the Top 1% of all realtors on the island. His real estate Team is also ranked in the Top 2% of all Real Estate Teams in the Nation, earning the Platinum Award from Better Homes & Gardens Real Estate. He has been voted “Best In Real Estate” by Honolulu Magazine 6 years in a row and is also an Aloha Aina Award Nominee for 6 years in a row. As a former Licensed Certified Public Accountant (CPA*), Colin is able to use his past professional financial and accounting experiences to help both Buyers and Sellers with one of their biggest financial transactions of their life.

*Colin is a full-time real estate agent and no longer practices public accounting.

Listing Courtesy of BHGRE Advantage Realty.
Listing Agent Myron Kiriu, RB-17242 

Posted in Market Updates
June 25, 2021

5307 Poola St, Honolulu, Hawaii 96821

5307 Poola St, Honolulu, HI 96821

"Waialae Iki"

Aerial view of 5307 Poola St Honolulu 96821

Property Summary

Stunning unobstructed and panoramic ocean, Koko Head, and Koko Kai views await you from this beautifully upgraded and impeccably maintained 4 bedroom 4 bath executive style residence in highly desirable Waialae Iki. Features include an open floor plan with over 3,700 sq ft of living space, a renovated kitchen w/stainless-steel appliances, updated baths, 2 separate living rooms, and multiple lanais to enjoy the spectacular views. Just minutes from parks, beaches and Kahala Mall with shopping, restaurants and entertainment. A must see! Offered at $2,180,000 FS.

Bedrooms:

4

 

Bathrooms:

4

 

Parking:

2 Car, Garage, Street

 

Year Built:

Year Remodeled:

1975

2019

 

Living Area:

Land Area:

3,792 sqft

14,822 sqft

 

Inclusions:



Auto Garage Door Opener, Blinds, Cable TV, Ceiling Fan, Chandelier, Dishwasher, Disposal, Dryer, Other, Range Hood, Range/Oven, Refrigerator, Washer

 

Want to see more homes in the Waialae Iki Area? Visit our Waialae Iki Neighborhood Page!

Need help selling or buying a home? Contact Colin Lee @ 808-352-8587 or ColinL@BetterHawaii.com for a FREE 30 minute consultation.

Additional Property Photos

Front view of 5307 Poola St Honolulu 96821

Entry way at 5307 Pool Street Honolulu 96821

Living room at 5307 Poola St Honolulu 96821

Living room extension at 5307 Poola St Honolulu 96821

Kitchen at 5307 Poola St Honolulu 96821

Lower living room at 5307 Poola St Honolulu 96821

Lower living room at 5307 Poola St Honolulu 96821

Master bedroom at 5307 Poola St Honolulu 96821

Master bathroom at 5307 Poola St Honolulu 96821

second bedroom at 5307 Poola St Honolulu 96821

Third bedroom at 5307 Poola St Honolulu 96821

Fourth bedroom at 5307 Poola St Honolulu 96821

Second bathroom at 5307 Poola St Honolulu 96821

View from lanai at 5307 Poola St Honolulu 96821

Patio at 5307 Poola St Honolulu 96821

 

If you want to learn more details about this property, the current real estate market or are thinking about buying or selling in the future, please call Colin Lee anytime @ 808-352-8587. All calls are 100% confidential.

Click HERE to visit our currently listed properties.

Click HERE to start viewing homes for sale instantly.

Colin Lee Real Estate Team Photo

Team Lee

About Colin Lee, Team Lead
Realtor-Associate, CPA* | RS-75820
(808) 352-8587 | ColinL@BetterHawaii.com

Colin is recognized as one of the Top 100 Realtors in the State of Hawaii and Top 50 on the island of Oahu in terms of most home sale transactions. This places him in the Top 1% of all realtors on the island. His real estate Team is also ranked in the Top 2% of all Real Estate Teams in the Nation, earning the Platinum Award from Better Homes & Gardens Real Estate. He has been voted “Best In Real Estate” by Honolulu Magazine 6 years in a row and is also an Aloha Aina Award Nominee for 6 years in a row. As a former Licensed Certified Public Accountant (CPA*), Colin is able to use his past professional financial and accounting experiences to help both Buyers and Sellers with one of their biggest financial transactions of their life.

*Colin is a full-time real estate agent and no longer practices public accounting.

Listing Courtesy of BHGRE Advantage Realty.
Listing Agent Myron Kiriu, RB-17242 

Posted in Currently Listed
June 7, 2021

Oahu Real Estate Market Update May 2021

Oahu Real Estate Market Update – May 2021

Steep Competition, High Demand Drives Record-Setting Month for O‘ahu Real Estate

Real Estate Market Update May 2021

Median sales price for a single-family home reaches $978,000 in May

Closed sales of single-family homes climbed 63.3% and more than doubled for condos with 135.4% more sales compared to this time last year on O‘ahu. In stark contrast to the low activity of May 2020 amid pandemic uncertainties, May 2021 set new records with the median sales price of a single-family home rising to $978,000 – breaking the previous record of $950,000 set in March 2021 – and properties flying off the market at an unprecedented pace.

The median days on the market for single-family homes and condos hit new record lows of 8 and 12 days, respectively. In May, sellers added 430 new listings for single-family homes and 683 new condo listings to the market, representing 24.6% and 34.2% increases over last year. However, by the end of May, 61% of those new single-family home listings and 51% of new condo listings were already sold or in escrow.

The portion of single-family homes sold over the asking price remained steady month-overmonth, accounting for 58% of all single-family properties sold in May. Single-family homes in the $700,000 to $999,999 price range made up 40% of all closed sales, though properties sold in the $1,000,000 to $1,999,999 range captured nearly the same market share, making up 38% of sales in May.

Condos sold above the asking price represented 36% of all sales this month, a big jump up from just 9% last May. Every price point recorded a rise in sales volume. The most significant shift in sales volume occurred in the $600,000 to $699,999 range, with 83 sales compared to 16 last May, an increase of 418.8%. However, properties in the $300,000 to $499,999 price range accounted for more than one-third of the month’s sales, with 94 more sales than last year.

{source: Honolulu Board of REALTORS®}

Click HERE to view full market report.

Click HERE to start viewing homes for sale instantly.

Colin Lee Real Estate Team Photo

About Colin Lee
Realtor-Associate, CPA* | RS-75820
(808) 352-8587 | ColinL@BetterHawaii.com

Colin is recognized as one of the Top 100 Realtors in the State of Hawaii and Top 50 on the island of Oahu in terms of most home sale transactions. This places him in the Top 1% of all realtors on the island. His real estate Team is also ranked in the Top 2% of all Real Estate Teams in the Nation, earning the Platinum Award from Better Homes & Gardens Real Estate. He has been voted “Best In Real Estate” by Honolulu Magazine 6 years in a row and is also an Aloha Aina Award Nominee for 6 years in a row. As a former Licensed Certified Public Accountant (CPA*), Colin is able to use his past professional financial and accounting experiences to help both Buyers and Sellers with one of their biggest financial transactions of their life.

*Colin is a full-time real estate agent and no longer practices public accounting.

Posted in Market Updates
June 4, 2021

94-1050 Kanawao St, Waipahu, Hawaii 96797

94-1050 Kanawao St, Waipahu, HI 96797

“Celebrations in Waikele”

Overhead view of Kitchen Island View at Living Room at 94-1050 Kanawao St, Waipahu

Property Summary

NEW LISTING! RARELY Available & beautifully renovated 3 bed 2.5 bath home with amazing open views from the back lanai! Features of this home include 23 owned photovoltaic panels, fully renovated open kitchen, renovated master bathroom, 5 split AC units, newer appliances, luxury vinyl plank flooring downstairs, 2 car enclosed garage, no back neighbor, spacious private lanai both upstairs and downstairs with views of the mountain range & much more! Celebrations at Waikele is a nice community just minutes away from freeway access, the Waikele Premium Outlet Mall, parks, restaurants & schools. A MUST SEE! Offered at $749,000 FS.

Bedrooms:

3

 

Bathrooms:

2.5

 

Parking:

3 Car+, Driveway, Garage, Guest

 

Year Built:

 

2000

Living Area:

Land Area:

1,243 sqft

2,541 sqft

 

Inclusions:



AC Split, Auto Garage Door

Opener, Blinds, Ceiling Fan, Dishwasher,

Disposal, Dryer, Microwave, Photovoltaic

- Owned, Range Hood, Range/Oven,

Refrigerator, Washer

Want to see more homes in the Waikele Area? Visit our Waikele Neighborhood Page!

Need help selling or buying a home? Contact Colin Lee @ 808-352-8587 or ColinL@BetterHawaii.com for a FREE 30 minute consultation.

Additional Property Photos

Living Room at 94-1050 Kanawao St, Waipahu

Kitchen and Dining View at Kitchen Island View at Living Room at 94-1050 Kanawao St, Waipahu

Master bedroom at 94-1050 Kanawao St, Waipahu

Master bathroom at 94-1050 Kanawao St, Waipahu

Master lanai at 94-1050 Kanawao St, Waipahu

Second bedroom at 94-1050 Kanawao St, Waipahu

Third bedroom at 94-1050 Kanawao St, Waipahu

Second bathroom at 94-1050 Kanawao St, Waipahu

Lanai at 94-1050 Kanawao St, Waipahu

Exterior view at 94-1050 Kanawao St, Waipahu

If you want to learn more details about this property, the current real estate market or are thinking about buying or selling in the future, please call Colin Lee anytime @ 808-352-8587. All calls are 100% confidential.

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Colin Lee Real Estate Team Photo

Team Lee

About Colin Lee, Team Lead
Realtor-Associate, CPA* | RS-75820
(808) 352-8587 | ColinL@BetterHawaii.com

Colin is recognized as one of the Top 100 Realtors in the State of Hawaii and Top 50 on the island of Oahu in terms of most home sale transactions. This places him in the Top 1% of all realtors on the island. His real estate Team is also ranked in the Top 2% of all Real Estate Teams in the Nation, earning the Platinum Award from Better Homes & Gardens Real Estate. He has been voted “Best In Real Estate” by Honolulu Magazine 6 years in a row and is also an Aloha Aina Award Nominee for 6 years in a row. As a former Licensed Certified Public Accountant (CPA*), Colin is able to use his past professional financial and accounting experiences to help both Buyers and Sellers with one of their biggest financial transactions of their life.

*Colin is a full-time real estate agent and no longer practices public accounting.

Posted in Currently Listed