The number of rented properties and active rentals increased slightly over February of this year, as well as compared to March 2023. The luxury market saw a notable increase of nearly 32% in the number of properties rented compared to last year. Overall, properties are renting a few days faster than they did in February and for a little bit higher rent.
Rentals Available as of April 20
- 721 Long Term Available, 499 Rented in the Last 30 Days
- 39 Short Term Available, 3 Rented in the Last 30 Days
Long-Term Rentals Information- March 2023 vs. March 2022
- 535 Rented, up 4.3%
- $2,450 Median Rental Price, up 6.5%
- 29 Average Days on Market, 3 Days Slower
- Received 99.8% of Rental Price vs. 99.7%
Luxury ($4,000+/mo) Long-Term Rentals Information – March 2023 vs. March 2022
- 58 Rented, up 31.8%
- $4,750 Median Rental Price, down 1%
- 33 Average Days on Market, no change
- Received 99.6% of Asking Price vs. 100%
Highest Rented Single-Family Home
Portlock, Hawaii Kai
3 bedrooms | 2 full bathrooms | 5 half baths | 3,829 square feet living
Why this property is spectacular: Nestled quietly on the shore of the prestigious area of Portlock located in Hawaii Kai, the view is breathtaking. The expansive view leads eyes from Diamond Head, to the ocean of Maunalua Bay, to the majestic Ko’olau mountain range. It is a large, newer home on a large 20,641 sf. lot, with a 6 car garage and additional parking on-site for over a dozen cars.
Rented for: $13,090/month after 92 days on market.
Highest Rented Condo
Anaha, Kaka’ako
3 bedrooms | 3.5 bathrooms | 2,492 square feet living
Why this property is spectacular:Â High floor, furnished 3 bed, 3.5 bath premier residence featuring highly desired floorplan w/ ocean views from every room, expansive living room, gourmet kitchen w/ Miele appliances, hardwood flooring and automatic blinds. Ultimate luxury living with resort like amenities including concierge services, glass bottom sky-pool, fitness center, theater, sauna, golf simulator and more!
Rented for: $15,000/month after 26 days on market.
Source: State Tax Office & Bureau of Conveyances
Picture from Honolulu Board of Realtors
We would be happy to answer any property management or real estate sales questions you have. Call us to schedule a private consultation at (808) 593-9826 or email concierge@caronb.com
