July 6, 2022

Oahu Real Estate Market Update June 2022

Oahu Real Estate Market Update – June 2022

Rising Interest Rates Cause Ripple Effects Across O‘ahu’s Housing Market

REALTORS® see decreased sales volume, reduced asking prices, active listings up for longer

Oahu Real Estate Market Update Graphic April 2022

Housing sales volume on O‘ahu declined in June, with single-family home sales down 20.8% and condos dropping 14.2% year-over-year. However, sales volume is still up compared to pre-pandemic 2019 levels, with single-family home sales up marginally at 9.2% and condos well ahead at 32.3%.

The median sales price of a single-family home increased 12.4% to $1,100,000 compared to last June. Condos set a new record for the second month in a row with a median sales price at $534,000, up 16.1% from a year ago and 3.4% above last month’s record of $516,500. Properties continue to move into escrow in under two weeks, though single-family homes spent 10 days on the market in June compared to just eight days last year, and condos remained steady at 11 days on the market.

Despite this quick pace, the volume of contract signings has subsided, with pending sales falling for three consecutive months, declining 27.7% for single-family homes and 24.8% for condos year-over-year.

Regionally, the Diamond Head and Ewa Plain areas experienced the most significant drop in sales volume year-over-year, plummeting 60.9% and 27.1%, respectively. Though still at historically low levels, active inventory rose considerably over the last summer, up 39.8%. The Ewa Plain and Leeward regions more than doubled their active inventory, skyrocketing 194% and 104%, respectively.

The majority of single-family homes—roughly 62%—sold above the asking price, which is a slight 6% dip compared to last June. The Leeward and Kāne‘ohe regions accounted for the most significant drop in pending sales, falling 68% and 63%, respectively. The condo market saw sales in the $700,000 to $1,199,999 price range rise 47.9%, while properties in the $699,999 and below price range contributed to the primary sales decline, down 25.8% compared to a year ago. Active inventory remained down just a tick at 2.6%. The share of condos sold above the original asking price was comparable to last year at approximately 43% vs. 41% in June 2021. Pending sales of condos dropped across all regions and at all price points, with the greatest decline in the Metro region, down 28.8%.

In June, more active inventory of single-family homes and condos saw price reductions compared to last summer. For single-family homes, 30% of the active inventory was reduced from the original asking price, compared to 20% or 74 listings last June. Condos also saw slightly more listings with reduced prices, as 27% or 271 listings had reduced the asking price, compared to 22% or 227 listings in June 2021. Of note, the price reductions may not have occurred in June, but rather this data reflects the active listings that are now priced below their original list price.

New listings declined year-over-year in both markets, dropping 18.9% for single-family homes and 12.5% for condos. Of the new single-family home listings that came on the market in June, more than half—58%—remained in active status, meaning they were available for sale at the end of the month compared to just 38% last June. The same is true for condos, where 58% of the new listings remained in active status compared to 49% in June 2021.

Halfway through 2022, the condo market continues to outperform single-family homes, with condo sales up 7.5% and single-family home sales down 8.8%. Single-family homes priced at $899,999 and below dropped 48%, but condo sales at higher price points rose considerably. Condos sold in the $700,000 to $799,999 price range with double the number of sales as the same period one year ago, and condos in the $800,000 to $899,999 range also saw a notable increase of 94.2%.

Year-to-date, the median sales price for a single-family home increased 17.0% to $1,111,211, and the median sales price for a condo jumped 13.2% to $515,000. Most sellers receive their full asking price or more, which was the case for approximately three out of every four single-family homes sold and three out of every five condos sold. Though there was a 3.8% dip in single-family homes closing above the original asking price, this trend accounted for a slightly larger share of sales this year, 61% versus 58% in 2021. Meanwhile, the number of condos sold for more than the original asking price increased by 40.5%, as did the share of those sales, rising to 43% so far this year compared to 33% last year.

Year-to-date, new listings of single-family homes dipped 5.5%, with the Kāne‘ohe area experiencing the most significant drop in new listings, down 25%. The condo market saw a marginal 1.1% increase in new listings, with small increases in the Metro and Leeward regions, up 3.1% and 5.8%, respectively). Finally, though the North Shore recorded the smallest share of new listings, the area had the sharpest change over last year with a 93.1% increase in new listings.

{source: Honolulu Board of REALTORS®}

Click HERE to view full market report.

 

Click HERE to start viewing homes for sale instantly.

 

Colin Lee Agent Photo

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 Market Updates
June 21, 2022

445 Kaiolu St #305, Honolulu, HI 96815

445 Kaiolu St #305, Honolulu, HI 96815

"Rosalei"

Living Room at Rosalei 305

Property Summary

NEW LISTING! Fee Simple & beautifully renovated 1 Bed 1 Bath condo in Waikiki for under $300k! Features include pet friendly building, quartz countertops, custom cabinets, stainless-steel appliances, dual-pane vinyl windows, luxury vinyl flooring, renovated bathroom, a good sized lanai, secured entry and more! Maintenance fees include all major utilities, including Electricity AND projects like the plumbing upgrade has already been completed! Amenities include a pool, deeded storage space, bike & surfboard storage Rosalei is conveniently located just minutes away from Waikiki Beach, restaurants, shops and more. For monthly parking rental, inquire at Aloha Lani (2211 Ala Wai) 808-369-1131 or Hale Koa 808-955-0555. A MUST SEE! Offered at $285,000

Take a virtual tour: click here


Bedrooms: 1
Bathrooms: 1
Parking: 0
Living SqFt: 477
Lanai SqFt: 90
Year Built: 1955
Inclusions: Ceiling Fan, Microwave Hood, Range/Oven, Refrigerator
Amenities: Community Laundry, Condo Association Pool, Recreation Area, Trash Chute

Want to see more homes in the Waikiki Area? Visit our Waikiki 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

Kitchen at Rosalei 305

Living Room and Kitchen at Rosalei 305

Bedroom at Rosalei 305

Bathroom at Rosalei 305

Lanai at Rosalei 305

Laundry at Rosalei 305

Lobby at Rosalei 305

Pool at Rosalei 305

Building Rosalei 305

Building Entry at Rosalei 305

Floor Plan

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 start viewing homes for sale instantly.

Colin Lee Agent Photo

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

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.

June 16, 2022

Kaikea Homes - Ho'opili's Newest Townhome Community - June 2022 Lottery

KAIKEA Homes - Ho'opili's Newest Townhome Community's Third Lottery Release - June 2022

Kaikea at Hoopili

D.R. Horton's BRAND NEW community of townhomes is called Kaikea at Hoopili.

D.R. Horton's BRAND NEW community of townhomes is called Kaikea at Hoopili. Kaikea home prices will start from high $300,000s to high $700,000s (FS). This community will offer over 15 different floor plan home layouts featuring studio-4 bedroom units with 1-3 bathrooms and living areas ranging from 548 sq. ft. to 2,030 sq. ft. The plan layouts vary greatly depending on price.

Kaikea is offering one or two-story units with either 1 parking stall, 2 parking stalls, 1 car-garage with 1 parking stall or 2-car garage with 1 parking stall. Kaikea will combine a blend of residences and commercial spaces that provide opportunities for those seeking an urban lifestyle in a suburban setting.
There will be approximately 134 multi-family homes, FLEX® homes, and commercial spaces. Kāīkea homes will have elevated finishes including standard quartz countertop and the tile kitchen backsplashes among other designer included finishes.

Kaikea at Hoopili's Fourth Sales Release - June 2022!

Applications are now being accepted for Kaikea at Hoopili lottery. For this fourth release, there are 11 units available ranging from 1-4 bedrooms and 1-3 bathrooms. The prices for this lottery will range from $420,000s to $820,000s. These homes have an estimated completion time by Summer 2022.

We can help you register for this lottery and guide you through the pre-qualification and application steps. If you are interested in Kaikea at Ho'opili or other homes, contact us at (808) 352-8587 for more information.

LOTTERY APPLICATIONS DUE: Tuesday, June 21, 2022 at 5pm
LOTTERY HELD ON: Thursday, June 23, 2022 at 10am

Kaikea at Hoopili

Kaikea at Hoopili

 

Do you have a buyer's agent?

If you are interested in Kaikea at Hoopili, let us know and we can help you with the process and get pre-qualified. It is always a good idea to have a Buyers agent. We are independent real estate agents of Better Homes and Gardens and we do not represent Hoopili projects, we represent YOU, the buyer. In doing so, we have your best interest first, help make the process much simpler and less stressful.

 

Colin Lee Team Award Photo

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.

June 6, 2022

Oahu Real Estate Market Update May 2022

Oahu Real Estate Market Update – May 2022

O‘ahu Housing Prices Continue to Tick Up, Setting New Records

Properties spend a near-record median of 10 days on the market

Oahu Real Estate Market Update Graphic May 2022

The single-family home market started to cool with closed sales dropping 15.1%, while the demand for condos remained steady with closed sales rising 15.1% compared to May 2021. Both markets saw median sales prices continuing to tick upwards, setting new records, with single-family homes reaching $1,153,500 and condos hitting $516,500.

Single-family homes in the $600,000 to $999,999 price range represented the most significant decline in sales activity, dropping 41.2% compared to one year ago. Most regions across O‘ahu experienced a dip in sales, except for the Central region of Mililani and Wahiawa, which ended the month on a high note with a 61.9% increase in sales.

Condos in the more affordable price range of $300,000 to $599,999 represented 48.0% of closed sales in May, with a volume increase of 13.4% from one year ago. Condo sales in the $700,000 to $899,999 range more than doubled compared to May 2021, representing 17.6% of May closings. The Metro region accounted for the most significant increase in condo sales, up 21.9%, while the Ewa Plain area saw sales decline by 20.3%.

“As interest rates and median sales prices rise, the question of what people can afford is clearly impacting market dynamics,” said Chad Takesue, president of the Honolulu Board of REALTORS®. “We see this reflected in the active inventory of single-family homes, which rose 39.8% from a year ago. Though we’re still lagging behind pre-pandemic levels, this increase in much-needed inventory gives prospective buyers more options to choose from across the various price points.”

Sales of single-family homes and condos are moving at a near-record pace, with properties spending a median of 10 days on the market in May. Sales closing above the original asking price continued in May, with 217 single-family homes and 313 condos selling for more than the original asking price. For single-family homes, this represents 63% of the month’s sales and 45.5% of May condo sales.

{source: Honolulu Board of REALTORS®}

Click HERE to view full market report.

 

Click HERE to start viewing homes for sale instantly.

 

Colin Lee Agent Photo

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 Market Updates
June 6, 2022

KAIKOI Homes - Hoopili Townhomes New Lottery Sales Release - June 2022

KAIKOI - Townhomes at Hoopili

FINAL Sales Release

Kaikoi at Hoopili Homes

D.R. Horton Hawaii is excited to announce that lottery applications for a new and FINAL release at Kāīkoi at Ho'opili are now being accepted.

This release has both the affordable and market-priced homes available. 

For market homes, there will be 12 units available with a variety of floor plans. This lottery will feature studio and 1 bedroom with 1 bathroom units. These floor plans feature interior square footage ranging from 414 sq. ft. - 492 sq. ft. and the prices will range from low to high $300s.

For affordable homes, there will be 10 units available with a variety of floor plans.  This lottery will feature 2-3 bedroom with 1.5-2 bathroom units. These floor plans feature interior square footage ranging from 798 sq. ft. - 986 sq. ft. and the prices will range from mid $400s to low $500s.

We can help you register for this lottery and guide you through the pre-qualification and application steps. If you are interested in Kaikoi at Ho'opili or other homes, contact us at (808) 352-8587 for more information.

LOTTERY APPLICATIONS DUE: Friday, June 10, 2022 at 5pm
LOTTERY HELD ON: Sunday, June 12, 2022 at 10am

Visit Kaikoi at Hoopili Community Page

 

Do you have a buyer's agent?

If you are interested in Kaikoi at Hoopili, let us know and we can help you with the process and get pre-qualified. It is always a good idea to have a Buyers agent. We are independent real estate agents of Better Homes and Gardens and we do not represent Hoopili projects, we represent YOU, the buyer. In doing so, we have your best interest first, help make the process much simpler and less stressful.

 

Colin Lee Agent Photo

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

Award Banner

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.

 

May 20, 2022

2920 Ala Ilima St #1106 Honolulu, HI 96818

2920 Ala Ilima St #1106 Honolulu, HI 96818

"Lakeshore Tower"

Living Room at 2920 Ala Ilima St #1106

Property Summary

NEW LISTING! Well Maintained 2 Bed 2 Bath 950+ sqft unit with views facing the golf course and mountains! Features of this move-in-ready unit include a conveniently located stall located near the building entrance, an updated kitchen, updated vinyl plank floors, a washer & dryer in the unit, and amenities including a pool, bbq area, secured building and more! Lakeshore Tower is conveniently located near freeway access, shopping, restaurants, parks & schools. A MUST SEE! 

Offered at $520,000


Bedrooms: 2
Bathrooms: 2
Parking: Assigned, Open - 1
Living SqFt: 954
Lanai SqFt: 16
Year Built: 1971
Inclusions: Ceiling Fan, Dryer, Microwave Hood, Range/Oven, Refrigerator, Washer, Water Heater
Amenities: BBQ, Condo Association Pool, Pool on Property, Recreation Area, Trash Chute

 

Want to see more homes in the Salt Lake Area? Visit our Salt Lake 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 2920 Ala Ilima St #1106

Living Room at 2920 Ala Ilima St #1106

Dining Area at 2920 Ala Ilima St #1106

 Dining Area at 2920 Ala Ilima St #1106

Kitchen at 2920 Ala Ilima St #1106

Kitchen at 2920 Ala Ilima St #1106

Master Bedroom at 2920 Ala Ilima St #1106

Master Bedroom at 2920 Ala Ilima St #1106

Master Bathroom at 2920 Ala Ilima St #1106

Second Bedroom at 2920 Ala Ilima St #1106

Second Bathroom at 2920 Ala Ilima St #1106

Pool at 2920 Ala Ilima St #1106

Rec Area at 2920 Ala Ilima St #1106

View at 2920 Ala Ilima St #1106

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 start viewing homes for sale instantly.

Colin Lee Agent Photo

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

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
May 16, 2022

Malina at Koa Ridge Phase V - New Lottery Release - Affordable Townhomes

Malina at Koa Ridge - Affordable Townhomes

Malina Building A - Green

Malina at Koa Ridge Affordable Townhomes are for sale. The prices start at high $300,000s.

Malina at Koa Ridge Phase 5 has been announced! Phase 5 release homes are affordable townhomes that will range from $380,000s - $580,000s.  The living area ranges from 487 sqft to 1,079 sqft with 1-3 bedrooms and 1-2 bathrooms.  Phase 5 will include 26 homes.

LOTTERY APPLICATIONS DUE: Wednesday, May 25, 2022 at 5pm
LOTTERY HELD ON: Friday, May 27, 2022 at 10am (Virtual)

** Call us for more information and guidance on how to apply for Malina Homes at (808) 352-8587.**

If a lottery has passed, there will be more opportunities and it's best to be prepared. We can help you register through the Sales Office and guide you through the pre-qualification steps and application process. Please contact us at (808) 352-8587 for more information and if you’d like us to notify you when lotteries are released.

 

 

Do you have a buyer's agent?

If you are interested in Koa Ridge Homes, let us know and we can help you with the process and get pre-qualified. It is always a good idea to have a Buyers agent. We are independent real estate agents of Better Homes and Gardens and we do not represent Hoopili projects, we represent YOU, the buyer. In doing so, we have your best interest first, helping make the process much simpler and less stressful.

 

Colin Lee Agent Photo

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

Award Banner

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.

May 16, 2022

KOHINA Homes at Hoopili - Condominum and Townhomes - New Lottery May 2022

KOHINA Homes - Condominiums and Townhomes Community -  New Lottery May 2022

Kohina at Hoopili Building Type 1

(Photo provided by D.R. Horton)

D.R. Horton's community of condominiums and townhomes is called Kohina at Hoopili.

Kohina will be the main entrance and gateway community as you enter the Ho'opili neighborhood. home prices will start from high $300,000s to high $700,000s (FS). This community will offer over 30 different floor plan home layouts featuring 1-4 bedroom units with 1-4 bathrooms and living areas ranging from 600 sq. ft. to 1,800 sq. ft. The plan layouts vary greatly depending on price.

Kohina will be home to about 116 multi-family homes and commercial spaces.  

Kohina at Hoopili's May 2022 Sales Release!

Applications are now being accepted for Kohina at Hoopili lottery. For this release, there are 26 units available ranging from 1-3 bedrooms and 1-2.5 bathrooms. The prices for this lottery will range from $470,000s to $660,000s. These homes have an estimated completion time by Summer 2022.

We can help you register for this lottery and guide you through the pre-qualification and application steps. If you are interested in Kohina at Ho'opili or other homes, contact us at (808) 352-8587 for more information.

LOTTERY APPLICATIONS DUE: Friday, May 20, 2022 at 5pm
LOTTERY HELD ON: Sunday, May 22, 2022 at 10am

 Kohina at Hoopili
(Photo provided by D.R. Horton)

Do you have a buyer's agent?

If you are interested in Kohina at Hoopili, let us know and we can help you with the process and get pre-qualified. It is always a good idea to have a Buyers agent. We are independent real estate agents of Better Homes and Gardens and we do not represent Hoopili projects, we represent YOU, the buyer. In doing so, we have your best interest first, helping make the process much simpler and less stressful.

 

Colin Lee Agent Photo

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

Award Banner

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.

May 13, 2022

98-500 Koauka Loop #9L, Aiea, HI 96701

98-500 Koauka Loop #9L, Aiea, HI 96701

"Pearl One"

Living Room at 98-500 Koauka Loop #9L

Property Summary

NEW LISTING! Well Maintained 2 Bed 1 Bath with 1 parking AND a 2nd Rented parking stall that is transferable to the new owner! This unit is located on the beautiful Pearl Harbor view side of the building and features include, split AC in the living room, vinyl plank flooring throughout the home, full-sized side by side washer/dryer in the unit, amenities including a pool, basketball court, secured building and more! Pearl One is conveniently located just minutes away from Pearlridge, freeway access, parks, restaurants & schools. A MUST SEE!


Bedrooms: 2
Bathrooms: 1
Parking: Assigned, Covered - 1, Garage, Guest
Living SqFt: 884
Lanai SqFt: 97
Year Built: 1975
Inclusions: AC Split, AC Window Unit, Ceiling Fan, Drapes, Dryer, Microwave Hood, Range/Oven, Refrigerator, Washer, Water Heater
Amenities: Basketball Court, Club House, Condo Association Pool, Patio/Deck, Security Guard, Tennis Court

 

Want to see more homes in the Aiea Area? Visit our Aiea 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 98-500 Koauka Loop #9L

Living Room at 98-500 Koauka Loop #9L

Kitchen at 98-500 Koauka Loop #9L

Kitchen at 98-500 Koauka Loop #9L

 Kitchen and Hallway at 98-500 Koauka Loop #9L

Bedroom 1 at 98-500 Koauka Loop #9L

 Bedroom 1 at 98-500 Koauka Loop #9L

 Bedroom 2 at 98-500 Koauka Loop #9L

 Bedroom 2 at 98-500 Koauka Loop #9L

Bathroom at 98-500 Koauka Loop #9L

Laundry area at 98-500 Koauka Loop #9L

Lanai at 98-500 Koauka Loop #9L

Lanai at 98-500 Koauka Loop #9L

View at 98-500 Koauka Loop #9L

Pool at 98-500 Koauka Loop #9L

Pool at 98-500 Koauka Loop #9L

Rec area at 98-500 Koauka Loop #9L

BBQ at 98-500 Koauka Loop #9L

BBQ at 98-500 Koauka Loop #9L

Basketball court at 98-500 Koauka Loop #9L

Building view at 98-500 Koauka Loop #9L

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 start viewing homes for sale instantly.

Colin Lee Agent Photo

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
May 9, 2022

Oahu Real Estate Market Update April 2022

Oahu Real Estate Market Update – April 2022

Oahu Home Sales Dip, Condominium Sales See Modest Increase

Single-family home and condo prices drop slightly from last month to $1,105,000 and $510,000

Oahu Real Estate Market Update Graphic April 2022

Year-over-year sales changed modestly from April 2021, with single-family home sales falling 2.7% and condo sales rising 4.2%. Single-family homes and condos marked a double-digit increase in the median sales price, with single-family homes recording a median of $1,105,000 in April, a 19.1% jump from the previous year, and the condo market reached $510,000, a 13.3% bump year-over-year.

Single-family homes in the $1,000,000 to $1,399,999 range saw the largest increase in sales volume, up 46%, while homes in the $700,000 to $999,999 price range made up approximately one-third of April’s sales, despite seeing a 26% drop year-over-year. The Ewa Plain accounted for the bulk of sales in both price ranges.

In the condo market, sales in the $700,000 to 999,999 range doubled from a year ago, up 101.6%. Condos sold in the $1,000,000 to $1,999,999 range saw the next highest gain, up 54.8%. The Metro region accounted for 60% of sales in April and the largest increase in volume, up 16.5% year-over-year. The Waipahu and Ewa Plain regions saw the most significant decline in sales, down 46.7% and 20.0%, respectively.

Both single-family home and condo markets saw pending sales fall in April. Compared to a year ago, contract signings were down 18.7% for single-family homes and 8.8% for condos. In the single-family home market, the decline in pending sales was most concentrated in Diamond Head and Kaneohe, dropping 49.1% and 53.2%, respectively. Similarly, in the condo market, the largest declines occurred in Kaneohe and Diamond Head, down 60% and 48%, respectively.

New listings for single-family homes dropped slightly, down 7.6% year-over-year, while the condo market saw a slight increase in new listings, up 2.3%. New listings for single-family homes fell short of last April, with the most significant declines occurring in the Diamond Head region, Pearl City, and Hawai‘i Kai. In the condo market, new listing volume in the $300,000 to $399,999 price range saw the sharpest decline, down 33.8%, but there was a significant increase in listings priced at $700,000 and above, accounting for 28.5% of the month’s new listings; and volume up 64.8%.

The market continued at a similar pace to a year ago. Single-family homes that sold in April were on the market for a median of 10 days compared to nine last year, while condos sat for a median of 12 days compared to 13 last April.

 

{source: Honolulu Board of REALTORS®}

Click HERE to view full market report.

 

Click HERE to start viewing homes for sale instantly.

 

Colin Lee Agent Photo

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 Market Updates