While the number of homes sold in most categories of O‘ahu real estate were flat or down in August, the sales numbers went up for single-family homes priced at $3 million or more and condos starting at $1.5 million.
Oʻahu's percentage drop in refi loans during the second quarter was the second largest in the country, according to a national report.
After the deadly Marco Polo fire of 2017, older Honolulu high rises were required to install sprinkler systems or pass a safety evaluation, but compliance is slow going. Now state legislation asks them to add the costly systems to their reserve studies.
Here are the options for people who can’t live in their homes anymore, but still owe money on the mortgage.
The president-elect of the Realtors Association of Maui estimates about 40 to 50 agents lost their homes and possessions, and one is reported missing.
The development company that used low-income housing tax credits to build the 89-unit apartment building hopes to rebuild.
“Our buyer pool is very low, but when I look at the sales, I’d say more than half are cash,” says the president of the Kauaʻi Board of Realtors.
Hawai‘i Island’s overall median price has been relatively steady this year, but the lowest priced deals – including many inexpensive vacant lots – can often be found in Puna.
That’s based on sales of condos and single-family homes during the first quarter of 2023.
