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 February, 2023 « Next month - Nationally, January existing home sales declined, but the median price went up once again. (2/28/23) - Interesting analysis of the recent market trends and future prospects. (2/24/23) - Illegal vacation rentals are the target of several proposed new laws. (2/23/23) - Two new condo projects are moving forward. Registration has begun for Kuilei Place in Mo'ili'ili with 60% affordable units, and sales have begun for luxury high-rise Alia 888 Ala Moana in Kaka'ako. Please note, in order to represent a buyer, and offer our buyer rebate, developers often require that an agent must accompany a buyer on their first visit to a sales office. (2/17/23) - Wall Street is losing out to amateur buyers in this market. (2/15/23) - Happy Valentine's Day! (2/14/23) - The January sales numbers for the Oahu real estate market have been released by the Honolulu Board of Realtors®. Here is a single-page set of charts showing the last 12 months of data. It was a neutral-to-negative month. It looks as if the combination of high interest rates and the usual winter slowdown finally had some real impact. The median home price dipped under $1M for the first time in ages, but on very low sales volume, while the condo median price has been relatively consistent for the last six months. Sales volume was lower all around, which makes comparing other data points less useful. Inventory was basically flat, and pending sales looks fairly even as well. (2/6/23) - It didn't last long. The "free" parking meters have been upgraded. (2/2/23) - For the skiers out there, a repeat video from a few years back, but a fun one. (2/1/23) - To learn more about our 50% Hawaii Commission Buyer Rebate* and the savings it offers buyers on their real estate purchases, including Honolulu homes and Waikiki condos, properties from Honolulu to the North Shore, Kailua to Kapolei, and across all Oahu, please click here. |
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