Noel Shaw
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Are you looking for the perfect condominium, penthouse, or investment for your rental business in Honolulu? Whether you are a seasoned real estate investor or a first-time home buyer, luxury condos and penthouses are attractive options in this vibrant downtown market. From expansive ocean views to resort-style amenities, investing in one of these upscale residences can provide many unique benefits that entice even the most discerning buyers. Take a look at the listings below to see what Honolulu offers!
The Honolulu housing market in Hawaii exhibits a competitive environment with notable price changes. Homes in Honolulu receive an average of 2 offers and typically sell within approximately 63 days. In May 2023, the median sale price of homes in Honolulu was $496,500, indicating a decline of 6.1% compared to the previous year. Additionally, the median sale price per square foot in Honolulu is $692, reflecting a decrease of 5.7% since last year.
During May 2023, the housing market in Honolulu experienced a decrease in median home prices, with a 6.1% decline compared to the previous year. Homes in this area typically spend an average of 63 days on the market, slightly increasing from 55 days last year. The number of homes sold in May this year was 298, representing a significant decrease of 40.2% compared to the previous year.
The recent data suggests that the Honolulu housing market is undergoing adjustment, with lower median prices and a notable decrease in the number of homes sold. It remains a somewhat competitive market, with homes typically selling within 63 days.
348,116 people live in Honolulu , where the median age is 43.5 and the average individual income is $39,378.14. Data provided by the U.S. Census Bureau.
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*Data from walkscore.com/HI/Honolulu
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There are no COVID-19 related entry requirements for domestic travelers.
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Honolulu is the name of the county that makes up the island of Oahu.
As an investor myself, I have seen real estate prove to be a lucrative investment choice – and with clear understanding and collaborative strategy, nowhere is this more demonstratively promising than in Hawaii.