While the number of available rentals has shown a slight downward trend over the past few months, the number of properties rented is increasing. Compared to July 2023, properties are renting a little faster and for slightly higher median price. In the luxury market, the number rentals increased compared to last year but they are taking longer to rent and are renting at a lower price.
Rentals Available as of August 22
- 633 Long Term Available, 580 Rented in the Last 30 Days
- 34 Short Term Available, 4 Rented in the Last 30 Days
Long-Term Rentals Information- July 2023 vs. July 2022
- 609 Rented, down 4.8%
- $2,500 Median Rental Price, up 4.1%
- 27 Average Days on Market, 2 Days Faster
- Received 99.7% of Rental Price vs. 99.8%
Luxury ($4,000+/mo) Long-Term Rentals Information – July 2023 vs. July 2022
- 68 Rented, up 15.2%
- $4,400 Median Rental Price, down 2.2%
- 34 Average Days on Market, 10 days slower
- Received 99.3% of Asking Price vs. 99.6%
Highest Rented Single-Family Home
Beachside, Kailua
3 bedrooms | 3 bathrooms | 2,328 sq ft living | 7,994 sq ft land
Why this property is spectacular: Experience the ultimate beachside living in the highly sought-after Beachside neighborhood of Kailua with this exceptional, fully furnished 3-bedroom, 3-bathroom home. Nestled one lot back from the beach, this is the perfect blend of paradise living and convenience. Immerse yourself in the beauty of Kailua Beach with private beach path access from your own backyard. Relax and unwind in your own personal spa/jacuzzi, and enjoy the large lanai with a BBQ area and covered picnic space.
Rented for: $10,250/month after 41 days on market.
Highest Rented Condominium
Waiea, Kaka’ako
3 bedrooms | 3.5 bathrooms | 2,801 sq ftliving
Why this property is spectacular: Hawaii’s stunning views of the ocean, Waikiki, and Diamond Head await as you come home to this beautiful corner oceanfront unit! This well-appointed residence comes with Miele appliances, including an upgrade oversized wine cooler and spacious pantry, motorized blackout shades in all bedrooms, laundry room, oversized walk-in foyer closet, 154-sf ocean-facing covered lanai, 2 parking stalls.
Rented for: $14,000/month after 21 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
