MARKET REPORTS

MAUI RESIDENTIAL SALES

Hawaii Island Residential Sales

Hawaiʻi Island’s housing market in March reflected a mix of stabilization and adjustment across regions, with single-family home sales totaling 166 transactions (-11% YoY) island-wide. Kailua-Kona continued to anchor overall volume despite a pullback in both sales (-16% YoY) and median price (-19% YoY), pointing to normalization at the higher end of the market. In contrast, areas such as Kamuela (Waimea) saw increased sales activity (+50% YoY), reflecting continued demand at a slightly lower median sales price (-7% YoY). The condo market showed stronger momentum, with median prices rising 25% year over year to $775,000 and days on market improving to 52 days (-24% YoY), signaling more efficient movement of well-positioned inventory. Overall, March highlights a market shaped by regional and price-point variation, where demand remains present but increasingly selective across the island.

Oahu Residential Sales

Oʻahu’s housing market returned to more typical activity levels in March, with both single-family homes and condominiums rebounding from the early-year seasonal slowdown. Single-family home sales rose to 260 transactions (+17% YoY), while condo sales reached 374 (-2% YoY), reflecting improving momentum month over month. Median pricing remained steady, with the single-family median at $1,200,000 (+4% YoY) and the condo median at $520,500 (+3% YoY). At the same time, new listings declined across both segments (-15% SFH, -17% condos YoY), pointing to tightening inventory as the market looks ahead toward peak summer season.

Kauai Residential Sales

Kauaʻi’s housing market in March reflected softer single-family home activity island-wide, while median pricing showed a notable year-over-year increase driven largely by a spike in Kōloa, where the median sales price rose 131%. This highlights how a small number of higher-priced transactions can significantly influence island-wide metrics. The condo market also softened, with changes in activity influenced in part by areas like Hanalei, where relatively small shifts in transaction counts can result in outsized percentage changes year over year. Overall, March underscores the importance of interpreting Kauaʻi’s market at a local level, where limited inventory and low transaction volume can create variability in both pricing and sales trends. Working with agents who understand these neighborhood-level dynamics remains critical to accurately navigating the market.

Hawaii Market Update

In this report you will find 2024 year to date sales trends across the Hawaiian Islands, including our latest luxury listings!

Hawaii Market Update

With 2023 officially in the books, a word best used to summarize the overall Hawaii real estate market might be “resilience.” Despite many headwinds that led to softening consumer confidence and growing concerns about affordability across the islands, median prices held strong, properties continued to sell, and fears of a larger economic recession waned as the year progressed.

Now, as we head into the new year with mortgage interest rates on the decline, be on the lookout as 2024 is poised to present a variety of opportunities for both buyers and sellers.

Hawaii Market Update

As we cross the midpoint of 2023, the Hawaii real estate landscape continues to adapt to higher mortgage interest rates and tighter inventory levels. While the year started off sluggish due to a spike in mortgage interest rates that edged out many prospective buyers, the market has since shown signs of rebounding. 

With so few homes for sale across the islands, sellers remain in control of the market. However, properties that are priced too high or do not present well are seeing an increase in days on market. 

Hawaii Market Update

After the pandemic year of 2020 and the record-setting rebound market of 2021, the past twelve months brought a much-anticipated correction to a red-hot housing market in 2022. For those looking to purchase property in the year ahead, it is important to not get distracted by the big numbers reported every month. In every real estate market, there are opportunities. By understanding the local nuances of each neighborhood or condo complex, having your finances in order, and staying committed to your goal, Hawaii homeownership is still achievable. 

Hawaii Market Update

As anticipated, Hawai’i’s real estate market has returned to
“pre-pandemic” levels as sales activity has resumed a more
moderate pace and median sales prices have retracted
from all-time highs of the last two years. Even though the
market has slowed — in part to rising mortgage interest
rates and concerns about an economic recession — a
general lack of inventory continues to favor sellers. Buyers,
however, are beginning to take back control as days on
market and the overall number of price reductions have
both increased in recent months.

Hawaii Market Update

Across the globe, the Hawaii luxury home market has consistently ranked among the premier destinations for individuals seeking the ultimate island lifestyle while maintaining access to modern conveniences, limitless activities, and privacy. In the wake of the recent COVID-19 pandemic, the Hawaii luxury home market was red hot as many flocked to the islands to embrace all Hawaii has to offer. Subsequently, between March 2020 and June 2022, there were 1,874 luxury home sales totaling $7.984 billion.

Learn more about 2022 sales trends across Maui, Hawaii Island, and Kauai, and browse all new and active listings year-to-date with this in-depth luxury summary.

Hawaii Market Update

Inventory, inventory, inventory. Across the Hawaiian Islands, the residential real estate market continues to remain extremely competitive as the lack of properties for sale has driven median sales prices for single-family homes and condos to all-time highs throughout the first quarter of 2022. Now into the fourth month of the year, the story remains the same: those looking to buy should be ready to move quickly with a strong offer, and with properties selling as fast as they come on the market, the time to sell is now.

Hawaii Market Update

Across the globe, the Hawaii luxury home market has consistently ranked among the premier destinations for individuals seeking the ultimate island lifestyle while maintaining access to modern conveniences, limitless activities, and privacy. In the wake of the recent COVID-19 pandemic, the Hawaii luxury home market was red hot as many flocked to the islands to embrace all Hawaii has to offer. Subsequently, between March 2020 and June 2022, there were 1,874 luxury home sales totaling $7.984 billion.

Learn more about 2022 sales trends across Maui, Hawaii Island, and Kauai, and browse all new and active listings year-to-date with this in-depth luxury summary.