June 2024 - A-TEAM OAHU - Panana Newsletter & April 2024 Market Report

June Ho'olaule'a!! As June unfolds in Hawaii, we celebrate not only the brightness & warmth of summer, but also the vibrant pulse of the real estate market. Picture lazy afternoons in a backyard oasis and breezy evenings with sunset views of paradise. This month, as we celebrate King Kamehameha Day on Oahu, there's no better time to explore the unique charm of Hawaiian living. JUNE 2024 NOTABLE DATES JUNE 2: National Cancer Survivors' Day 🌸 JUNE 4: National Hug Your Cat Day 😻 JUNE 7: National Caring Day 😇 National Donut Day 🍩 JUNE 8: National Best Friends Day 💛 JUNE 9: Children's Day 🧒 👧🏼 JUNE 11: King Kamehameha Day 👑 JUNE 14: Army Birthday 🎖️ National Flag Day 🇺🇸 JUNE 16: Father's Day 🤴🏼 JUNE 19: Juneteenth JUNE 20: First Day of Summer / Solstice ☀️ JUNE 26: National Coconut Day 🥥 JUNE 27 : National Sunglasses Day 😎

Real Estate in the News

Buy Like an A-Lister Steal these 7 home buying secrets from celebrities! Or maybe not, there's a lot to unpack here. Courtesy of Realtor.com

Home Sales Up Month-to-Month, Still Lag Compared to Pandemic Housing Frenzy Single-family home buyers and sellers enter contract more quickly in April ~ Prices were up 10% for single-family home and 5.6% for condos year-over-year. Month-over-month, prices remained steady. ~ Single-family home sales rose by 26.0% year-over-year, totaling 262 transactions, and by 13.9% month-over-month. ~ Condo sales saw a 2.6% rise compared to the same time last year, totaling 431 units sold and a 25.3% increase month-over-month. ~ Median days on the market decreased to 17 from 24 days a year ago. Condos experienced a longer selling period, with median days on the market rising to 29 from 20 compared to last April. Please call us for more information!

Local Happenings

WAIKIKI SATURDAY, JUNE 1ST - SUNDAY, JUNE 2ND 26th Annual T&C Surf Grom Contest This two-day event will take place from 8AM-4:30PM, and you couldn't pick a more idyllic place to have a keiki event than Queens at Kuhio Beach. It's not just fun and games in the water. On land, we'll have games for the kids, and we're giving away a ton of prizes. CLICK HERE FOR MORE INFO HONOLULU / KANEOHE THURSDAY, JUNE 6TH - SUNDAY, JUNE 16TH 13th Annual Festival of Pacific Arts & Culture The Festival of Pacific Arts & Culture (FestPAC) is the world’s largest celebration of indigenous Pacific Islanders. It is a vibrant and culturally enriching event celebrating the unique traditions, artistry, and diverse cultures of the Pacific region. “Ho‘oulu Lāhui: Regenerating Oceania” will serve as the theme of FestPAC Hawaiʻi 2024, honoring the traditions that FestPAC exists to perpetuate with an eye toward the future. CLICK HERE FOR MORE INFO HONOLULU FRIDAY, JUNE 7TH 1PM-5PM 152nd King Kamehameha Lei Draping Ceremony Don't miss this annual Lei Draping Ceremony on June 7, 2024 at the King Kamehameha Statue at Aliʻiōlani Hale in downtown Honolulu. The Lei Draping Ceremony will begin at 2:00 p.m. Expect to see cultural protocols and pageantry, along with beautiful hand-made lei being draped on the outstretched arms of King Kamehameha. CLICK HERE FOR MORE INFO HONOLULU SATURDAY, JUNE 8TH 9AM-1PM 107th King Kamehameha Celebration Floral Parade As in year's past, the parade will take a route beginning at King and Richards Street fronting ʻIolani Palace. Participants will then head down Punchbowl Street, before making a right left on Ala Moana Boulevard and eventually Kalakaua Avenue. The parade comes to a finish at Monsarrat Avenue and Queen Kapiolani Park. CLICK HERE FOR MORE INFO HONOLULU FRIDAY, JUNE 7TH - SUNDAY JUNE 9TH 41st Annual Pan-Pacific Festival Following a 5-year hiatus, the Pan-Pacific Festival returns to Honolulu. The 41st Annual Pan-Pacific Festival is a multicultural celebration will include an array of dynamic activities and performances over the three-day event, including participants and entertainers from Japan, Hawai'i and beyond. The vast number of family-friendly festival events and activities are free to attend. CLICK HERE FOR MORE INFO HONOLULU SATURDAY, JUNE 15TH 8AM-12PM The Walk For Life: 33rd Annual Honolulu AIDS Walk The Honolulu AIDS Walk, established in 1991, was created to meet the urgent needs of Hawaii's LGBTQIA+ community and those living with HIV. This event was founded at a time when the stigma surrounding HIV/AIDS was at its peak, creating a critical platform for raising awareness and rallying support. Today, the walk remains profoundly relevant, as there is no cure for HIV and our community continues to face ongoing stigma associated with sexual health. CLICK HERE FOR MORE INFO

Lifestyle Tips and Tricks

Design Choices Sellers Might Want to Rethink Social media causes a lot of hype, but trends change frequently and could hurt resales. Sellers are wise to play it safe with timeless simplicity. Courtesy of NAR Maximalist Swimming Pool Trend of the Moment (Risk-Takers Only) In Hawaii, Pool Season is every Season! So why not have some fun and turn your watering hole into a well-designed outdoor destination? Courtesy of Sunset Magazine

Featured Listings ACTIVE Kailua 322 Aoloa Street, Unit 612 3 BD 2 BA 1244 SF $950,000

Kaaawa 51-002 Lau Place 3 BD 2 BA 1242 SF $1,185,000 IN ESCROW

Lilipuna 45-111 Alina Place 4 BD 2 BA 1720 SF $1,399,000 Manoa-WOODLAWN, HONOLULU 3036 Kahaloa Dr, Unit 2 2 BD 2 BA 1016 SF $1,419,500 Manoa-WOODLAWN, HONOLULU 3498 Alani Drive 3 BD 2 BA 2302 SF $1,900,000 Kakaako 987 Queen Street, Unit 1509 0 BD 1 BA 364 SF $599,000 Kakaako 987 Queen Street, Unit 1716 0 BD 1 BA 347 SF $620,000 JUST SOLD Upper Makakilo 92-1218 Mekila Street 3 BD 2 BA 1434 SF $990,000 Niu Valley 311 Puamamane Street 4 BD 2 BA 1779 SF $1,998,000

COMING SOON & PRIVATE EXCLUSIVES off-market listings marketed or pre-marketed exclusively to only our clients Call us to get a sneak preview!

KOKO ISLE - HAWAII KAI 822 Koko Isle Circle, Unit #2207, Honolulu 4 BD-3 BA 1,670 SF Listing Price TBD ~ Please call for More Details HAHAIONE UPPER - HAWAII KAI 941 Hokulani Street, Honolulu 4 BD-2.5 BA 2,326 SF POOL & OCEAN VIEWS! Listing Price TBD ~ Please call for More Details

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Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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