The first quarter of 2021 remains a strong seller’s market statewide. Inventory has decreased by more than 55.1% in the last twelve months, while the volume of sales has increased more than 8.1% over the same period. Each of the last twelve months have seen fewer and fewer active listings leaving buyers frustrated and desperate to find a suitable property.
What is true across the state is true in Hawaii Kai, which is one of the most highly sought after neighborhoods in East Honolulu. Buyers are drawn to the Hawaii Kai community for lots of reasons — gorgeous weather, marina front living, ocean and water sports, great restaurants, shops, good schools, and close proximity to Waikiki and town.
There is no question that Hawaii Kai is in high demand. We need more inventory! The first quarter stats below tell the story:
It is an exciting and complicated time in Hawaii real estate and in Hawaii Kai!