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 March, 2025 « Next month - Nationally, February existing home sales and median price both increased again. (3/26/25) - Interesting story on the pricing of affordable vs market-rate new construction. (3/21/25) - Happy St. Patrick's Day! (3/17/25) - The sales figures for February 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 mixed month. The median home price set a new record high, while the condo median price dropped. That drop may just be a statistical anomaly since the average condo sale price, which isn't shown in the chart, actually increased. It's also odd because a new median condo price record was set back in December. Sales volume declined for both property types, but January and February are normally the slowest months annually. Inventory was basically flat, and pending sales volume looks stronger. (3/7/25) - New lawsuit by Koloa Rum argues that the Jones Act violates the U.S. Constitution's Port Preference Clause. More background here. (3/6/25) - Impressive night-time video of Tuesday's eruption of Kilauea volcano. (3/5/25) - To learn more about our 1% Hawaii Buyer Representation Fee* 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. - For new construction buyers, it may be better to use a classic 50% buyer rebate approach since developers use their own proprietary purchase contracts. If you are considering a new construction purchase, please see our page regarding our 50% New Construction Buyer Rebate*, which offers new construction buyers similar savings. |
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