15. January 2020 · Comments Off on Oahu Market Report – December 2019 · Categories: Hawaii Real Estate, Market Report, Oahu Monthly Market Report

We’re pleased to share the Oahu real estate update for December 2019.

December single-family home market activity solid, closing a year marked by positive inventory levels, slight decline in combined total annual sales and flat annual median prices

Oahu single-family home sales were up 19.3% and sold in 40% less time at a median of 18 days on market compared to 30 days in December 2018, according to resales figures released today by the Honolulu Board of REALTORS®. Median sales prices also increased for both single-family homes and condominiums in December, up 4.1% to $820,000 for homes, and 6.8% to $425,500 for condos. The luxury condominium market saw increases in December – condo sales in the $1 million to $1.9 million range more than doubled at 27 sales in December 2019 compared to 12 in December 2018, while condos sold at $2 million and above nearly tripled with 11 sales in December 2019 compared to four sales in December 2018.

While 2019 began with sales declines from the previous year, single-family home sales ended the year with six consecutive months of increases and total sales up 3.9% for the year. Condo sales ended 2019 down in total by 4.8%. The combined annual sales total ended with 9,158 resales, a modest 1.4% decline from 2018.

The year ended with average 30-year fixed mortgage interest rates below 4%, a marked difference from 2018 when rates were on the rise and ended the year approaching 5%. New listings saw increases throughout the year, with total listings up by 3.8% for single-family homes and up 4.5% for condos, which helped inventory to maintain positive levels over 2018 for most of the year. Despite new records for median sales price for both single-family homes and condos set in July 2019, the year ended with median prices on par with 2018. The annual median sales price for 2019 dipped by 0.1% to $789,000 for single-family homes and rose by 1.2% to $425,000 for condos/townhomes from the previous year.

Courtesy of Honolulu Board of Realtors

15. January 2020 · Comments Off on 1555 Kapiolani Boulevard #802, Honolulu, Oahu, Hawaii · Categories: Hawaii Real Estate, New Listing, Oahu Luxury Real Estate · Tags: ,

ONE Ala Moana is an elegant, well designed, perfectly placed residential building. Live an extraordinary lifestyle, unparalleled in experience, with amenities beyond compare. Located near the world’s largest outdoor shopping center, this luxurious unit offers ocean and garden views from an expansive, open floor plan. This two bedroom, two-and-one-half bath unit with den, features living space with hardwood floors throughout, opaque remote controlled black out blinds and custom California Closet Systems. Storage room #S746, approx. 100 sq ft, is included and located just a half flight of stairs from the unit, feeling more like a “house basement.” Added Bonus – Do not worry about making noise if you have kids, as no residential unit below. Comes with two side-by-side parking spaces located in front of the elevator! Resort-like amenities include fitness center, kids playground and playroom, chef’s kitchen, wine tasting room, dining room, massage room, virtual golf, and much more!

1555 Kapiolani Boulevard #802 Honolulu Hawaii 96814
Neighborhood: Ala Moana
2 bedrooms, 2 baths

To learn more about this property, contact:

Esther H. Park
HI License RB-21002
List Sotheby’s International Realty
4211 Waialae Avenue, Suite 100
Honolulu Hawaii United States 96816
03. January 2020 · Comments Off on 2035 Round Top Drive, Honolulu, Oahu, Hawaii · Categories: Hawaii Real Estate, New Listing, Oahu Luxury Real Estate · Tags: , ,

Classic-built Hawaiian Estate evoking the essence of Art Nouveau design, with lush tropical gardens, tranquil koi ponds, lava rock walls, and signature plants and fruit trees. Elegant open foyer greets guests to the grand main-house, with curvaceous art-deco staircase, original ohia and oak hardwood floors, 2nd floor family rooms/office plus 3-bedrooms, ground floor guest/4th bedroom, 1993 copper plumbing, 2005 roof, and a charming well-maintained original kitchen that leads to a covered balcony overlooking enchanting green gardens and artfully tiled swimming pool. Situated perfectly on approximately 24,000 sf of land with 162 feet of gated privacy on lower Round Top Drive, this property also includes a spacious separate 2-bedroom guesthouse, fully renovated in 2018. Beauty and grace in the heart of Honolulu, just minutes from Punahou, Ala Moana Shopping Center, UH, Waikiki, Queen’s Medical Center and downtown.

2035 Round Top Drive Honolulu Hawaii 96822
Neighborhood: Makiki Heights
6 bedrooms, 4 baths

To learn more about this property, contact:

Esther H. Park
HI License RB-21002
List Sotheby’s International Realty

4211 Waialae Avenue, Suite 100
Honolulu Hawaii United States 96816