EAST HONOLULU
UPDATE SUMMER ISSUE 2020 1 Market Update 2 Aina Haina-Kuliouou Property Map Active & Sold Listings
4 West Hawaii Kai Property Map Active & Sold Listings
6 East Hawaii Kai Property Map Active & Sold Listings
8 Community Savings
YOUR EAST HONOLULU EXPERT | SEAN TAKAMORI |
REALTOR-ASSOCIATE (RS-72402) 808.389.7326 • SEANTAKAMORI.COM
REAL ESTATE MARKET SET TO REBOUND FOLLOWING SHUTDOWN IMPACTS OF THE CORONAVIRUS ON THE REAL ESTATE MARKET:
NUMBER OF SALES DOWN BUT PRICES INCREASE!
East Honolulu Home Prices
Median Price of SFH in East Honolulu
As expected, the Coronavirus (COVID-19) and the ensuing statewide shutdown did have some very dramatic impacts on real estate activity. Across Oahu for the month of April 2020, the number of sales of single family homes (SFH) were down 22% and condo sales were down almost 28% compared to April of 2019. Those numbers were even more drastic in East Honolulu, with Hawaii Kai SFH sales down 73% from last year. However, PRICES WENT UP with the median sales price for SFH in Hawaii Kai UP +4% to $1,171,750! The Aina Haina to Kuliouou region also saw an increase in price, UP +6% to $1,394,500. This is largely due to the lack of inventory and extremely low interest rates for qualified buyers.
ADVICE FROM YOUR TRUSTED EAST HONOLULU EXPERT:
As the government begins to ease restrictions, I fully expect the real estate market in East Honolulu to rebound quickly. The summer months are typically the busiest for real estate, and that will be further accentuated this summer as there is a backlog of buyers and sellers who have been on hold during the shutdown. With extremely low interest rates and lack of inventory, the time to act is NOW! If you are considering selling or buying in the near future, contact your trusted East Honolulu Expert, Sean Takamori (808) 389-7326, to start planning for your future now!
EAST HONOLULU*
(AINA HAINA THROUGH HAWAII KAI)
• $1,354,500 SFH Median Sales Price • 32 Days on Market
*Includes some neighborhoods that are not part of our featured neighborhoods
HAWAII KAI
AINA HAINA THROUGH KULIOUOU
• $1,171,750 SFH Median Sales Price • 31 Days on Market • $673,000 Condo Median Sales Price • 24 Days on Market
• $1,394,500 SFH Median Sales Price • 31 Days on Market
*Data taken from Honolulu Board of Realtors April 2020 Local Market Update & Matrix.HiCentral.com as of April 30, 2020. Map courtesy of Google.com
