The O‘ahu housing market continued to exhibit signs of cooling in September, with both single-family home and condominium sales declining compared to the same period last year. However, year-to-date figures indicate that the market remains relatively strong, particularly for single-family homes.

According to data released by the Honolulu Board of REALTORS®, single-family home sales dropped 6.5% in September, while condominium sales decreased by 2.7%. Despite the monthly declines, single-family home sales are still up 5.8% year-to-date, while condominium sales are tracking 5.6% lower.

Single-Family Home Resales

Condominium Resales

Source: HiCentral

The median sales price for single-family homes rose 6% to $1,112,722, while the median condo price fell 2.8% to $517,500. The average time on market for single-family homes remained under one month, while condos took slightly longer to sell.

“While overall sales volume has softened, we are seeing positive movement in new listings and active inventory, providing more options for buyers,” said Fran Gendrano, President of the Honolulu Board of REALTORS®. “Combined with the gradual decline in mortgage rates, buyers may feel more encouraged to enter the market.”

The Honolulu Board of REALTORS® also noted that rising condo insurance and maintenance costs may be influencing the market.

Despite the recent trends, the housing market in O‘ahu remains a dynamic and resilient one. With continued economic growth and a strong demand for housing, there are always opportunities for buyers and sellers.

For more information or to connect with a real estate professional, please contact Sachi Hawaii.
(808) 596-8801 | info@sachihawaii.com

Nestled in the prestigious Diamond Head neighborhood, 3852 Poka Street offers a unique blend of traditional Japanese design and modern luxury. This exquisite residence is a true oasis, featuring a tranquil central courtyard garden and koi pond that creates a serene atmosphere.

The home’s expansive layout seamlessly integrates indoor and outdoor living spaces. Sliding doors throughout the property invite the refreshing breeze and stunning Pacific Ocean views into the living areas. A gourmet kitchen with built-in bar seating, a formal dining room, and a tatami room provide elegant and functional spaces for entertaining guests.

The property’s two primary bedroom suites, each with their own ensuite bathrooms, offer a luxurious retreat. In total, the property offers a three-bedroom, two-and-a-half-bathroom floor plan, and a separate one-bedroom, one-bathroom guest suite with its own entrance.

Located in one of Honolulu’s most coveted neighborhoods, 3852 Poka Street offers easy access to world-class beaches, shopping, dining, and entertainment. The property’s proximity to Diamond Head and Kahala’s Beach provides residents with endless opportunities for outdoor recreation, including hiking, biking, and swimming, and water sports.

The home’s thoughtful design and prime location make it an ideal choice for those seeking a serene and sophisticated island lifestyle.

For more information or to schedule a private showing, contact Sachi Hawaii:
(808) 596-8801 | info@sachihawaii.com

A truly exceptional Ossipoff-designed home is now on the market, offering a rare opportunity to own a piece of Hawaii’s architectural history. Located at 5112 Maunalani Circle, this single-story residence boasts breathtaking views of Kahala, Diamond Head, and Waikiki, in a serene and private setting.

Designed by the renowned architect Vladimir Ossipoff, the home showcases his signature modernist style, seamlessly blending mid-century modern aesthetics with the natural beauty of its surroundings. Ossipoff, a pioneer of modern architecture in Hawaii, is celebrated for his innovative designs that have had a profound impact on the state’s architectural landscape. His work includes iconic structures such as the IBM Building, State Office Building, and the Board of Water Supply Building. These works of art, among others, exemplify Ossipoff’s ability to create functional and aesthetically pleasing spaces that are in harmony with their natural environments.

The Maunalani Circle property offers a harmonious blend of indoor and outdoor living spaces, with expansive windows that frame the stunning ocean views. A private pool provides a tranquil oasis for relaxation and entertaining. The home’s secluded location and well-hidden driveway ensure privacy and tranquility.

This unique property is a must-see for those seeking a truly exceptional and unforgettable living experience.

For more information or to schedule a private viewing, contact Sachi Hawaii:
(808) 596-8801 | info@sachihawaii.com