While the number of rented properties decreased slightly compared to October, it is on par with November 2022. Rental price increased compared to both time periods. The number of luxury rentals saw a big decrease from October’s high of 61. However, median rental price for luxury properties was up significantly over both October and November 2022.
Rentals Available as of December 18
- 600 Long Term & 41 Short Term Available
Long-Term Rentals Year-Over-Year: November2023 vs. November 2022
- 467 Rented, no change
- $2,550 Median Rental Price, up 6.25%
- 30 Average Days on Market, 1 Day Slower
- Received 99.7% of Rental Price vs. 99.8%
Long-Term Rentals Month-Over-Month: November2023 vs. October 2023
- 467 Rented, down 3.7%
- $2,550 Median Rental Price, up 2%
- 30 Average Days on Market, 1 Day Slower
- Received 99.7% of Rental Price vs. 99.8%
Luxury Long-Term Rentals ($4,000+/mo) Year-Over-Year: November 2023 vs. November 2022
- 47 Rented, up 14.6%
- $4,800 Median Rental Price, up 11.6%
- 44 Average Days on Market, 7 days slower
- Received 99.4% of Asking Price vs. 99.1%
Luxury Long-Term Rentals ($4,000+/mo) Month-Over-Month: November2023 vs. October 2023
- 47 Rented, down 22.9%
- $4,800 Median Rental Price, up 20%
- 44 Average Days on Market, 6 days slower
- Received 99.4% of Asking Price vs. 99.6%
Highest Rented Single-Family Home
Sunset, North Shore
3 bedrooms | 2.5 bathrooms | 1,400 sq ft living | 6,260 sq ft land
Why this property is spectacular: Turn Key-ready to move in for Surf Contest Season! 3 bedroom, 2.5 Bath entire home in beautiful neighborhood community. Fully stocked with all appliances, sheets, pillows etc…bring your toothbrush! Very recently fully remodeled with brand new split level a/c to be installed, new decking, TV, flooring and furniture. Home includes sweeping ocean views with private access to the ocean, Parking: carport with some additional private parking as well as guest area. Many surf spots/Ocean right out front!
Rented for: $13,612/month after 53 days on market.
Highest Rented Condo
Park Lane, Ala Moana
2 bedrooms | 2.5 bathrooms | 1,468 sq ft living
Why this property is spectacular: This luxurious unit is beautifully furnished and features high-end finishes, electronic window coverings, central air, Wolf cooking appliances and a Sub Zero refrigerator. Living room opens seamlessly to the covered lanai for an extended living area large enough for dining, lounging and entertainment. The master bdrm has a built-in dresser and an enormous walk-in wardrobe closet. You will fall in love with the large master bathroom with an enclosed tiled wet room featuring a soaking tub and wall shower.
Rented for: $11,500/month after 82 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
