March 2021


Hi Friends & Neighbors! 

Spring is just around the corner, a time of new beginnings and lots of real estate business! In normal times, that is...

If you just woke up from hibernation and peeked out to see the real estate landscape, you might wonder, “Where have all the listings gone?” A recent report by the New York Times notes how (and attempts to explain why) there are very few homes for sale nationwide. If you’re actively looking to buy, I’m sure you’ve noticed.

Long story short, a combination of low mortgage rates, a preexisting housing shortage, and sellers staying put — due to either uncertainty or loan forbearance programs — has coalesced to create a very tight housing market. Bidding wars are becoming the norm, and O'ahu median sale prices for single-family homes were up 19% year-over-year in February to new record highs.

It’s great news for prospective sellers, whose homes might currently be the country’s hottest commodities that don’t come in a syringe. But if you’re looking to buy, or sell and buy (as is often the case), you’ll need great representation to quickly negotiate and win your new home.

As always, we are watching the market to provide you with the latest insight and updates. If you’re considering making a change, please don’t hesitate to reach out. We’re happy to help you and anyone you send our way!

In the meantime, we hope you find something of value in this monthly newsletter we've crafted for you.


Warmly,
Mike & Lisa Styring
Hawaii Realty International

 
IN THE NEWS
Housing market gains more value in 2020 than in any year since 2005
View Article
Forbes
Median price of a single-family home on Oahu hits a new high
View Article
Hawaii News Now
 
JUST LISTED 
91-1012 Kaiapo St
Ewa Beach

4 BD | 2.5 BA | 2,109 SQ FT 
LISTED for $875,000 
 
RECENT SUCCESS 
1030 Aoloa Pl #302A
Kailua

3 BD | 2 BA | 1,675 SQ FT 
SOLD for $685,000 - Represented Buyer
 
47-795 Malumalu Place
Kaneohe

3 BD | 2 BA | 1+ acre of land 
SOLD for $1,460,000 - Represented Seller
Sold in 10 days for 101% of Asking Price!
Join us as we tour this stunning property in our new video!
 
45-202 Wena St
Kaneohe

4 BD | 3 BA | 1,744 SQ FT
SOLD for $930,000
Represented Buyer
 
3027 Pualei Circle #307
Honolulu

1 BD | 1 BA | 676 SQ FT 
SOLD for $540,000 Represented Seller
Sold in 4 days for 103% of Asking Price!
 
SEARCH ALL LISTINGS
 
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