Mainland and Foreign Buyers had Big Impact on Maui in 2021
They bought more than a third of all homes sold on Maui last year and accounted for almost half of the money spent.
Real Estate
O‘ahu’s Mobility Hubs Will Make Ditching the Car More Attractive
Planned hubs near Pearlridge Center and Ala Moana Center will help people transfer between rail, buses, bikes and car services.
Locals Are Hawai‘i’s No. 1 Homebuyers, But …
Three-quarters of all single-family homes and condos sold last year were purchased by local residents, but that proportion was down – as was the proportion of dollars spent.
With Fewer Houses for Sale, O‘ahu Condo Sales Boom
Realtors say that’s a normal part of the real estate cycle: Condo sales usually increase when fewer single-family homes are for sale.
Purchases of Hawai‘i Commercial Real Estate Rebounded in 2021
Resort/golf course sales and vacant land sales each totaled almost a billion dollars, according to a year-end report from Colliers Hawaii. About half of the purchase volume was made by Hawai‘i-based investors.
One in Seven Hawai‘i Homes Is Vacant, Report Says
The analysis of 2020 census data determined that 76,622 homes were vacant in the Islands.
Rising Interest Rates Affect Which Homes Local Buyers Bid On
Though mortgage rates remain low by historical standards, every tiny increase means that families qualify for smaller and smaller loans.
Here's Where You Can Often Buy Single-Family Homes on O‘ahu for Under $1 Million
These homes priced under $1 million are getting harder to find: Only six of the island's 21 regions have a median price below that threshold. And prices are soaring even in those "bargain" neighborhoods.
A Hawai‘i Quirk: You Own the Home But Not the Land
About 1 in 8 condos for sale on O‘ahu are leasehold. Many, including some prestigious properties, are declining in value as the end of their land leases near.
