March Real Estate Market Summary for Oahu Hawaii

  

Market Highlights:

• Single-family home sales dropped 10.4% year-over-year, while condo sales rose 7.3%.
• Median days on market for single-family homes is 15 days, compared to 31 days a year ago. In contrast, condo properties spent more time on the market- 40 days, up from 29 days in March 2024. 
• Condo listings rose 21.9% to 789 and SFH listing rose 29.6% to 377.

   

—— The Highest MLS Sale ——

  

$9,720,000 Cash

Address: 11 Kamani Kai Pl, Kailua 96734

Sq. ft. living 5,782

6 Beds, 7 Baths

MLS 202504677

DOM 15

—— Resort-Style Living ——

List Price: $8,200,000

4922 Kolohala St, Honolulu 96816
5 Bed, 6 1/2 Bath
Sq. Ft. Living: 4,920
Year Built: 2022
MLS 202508158

This house got listed 10 days ago, and I love the resort style living vibe. How about you? 

—— What determines mortgage rates?——

I just read a very informative article, so if you are curious, here is the link: https://finance.yahoo.com/personal-finance/mortgages/article/what-determines-mortgage-rates-182515831.html

MAHALO!

Thank you for connecting with me and please reach out with any questions.
Looking forward to working with you now or in the future...

Sincerely,

Desi