Compared to the same period last year, the median price of rental properties increased slightly. The number of rentals increased marginally overall, but significantly (23%) in the luxury market. Inventory remains lower than in the fall but notably higher than it was in winter of 2021-2022.
Rentals Available as of January 30:
- 709 Long Term Available, 479 Rented in the Last 30 Days
- 28 Short Term Available, 3 Rented in the Last 30 Days
- 13 Vacation Available, 1 Rented in the Last 30 Days
Long-Term Rentals Information- Past 30 Days Compared to the Same Time Last Year:
- 479 Rented, up 1%
- $2,400 Median Rental Price, up 2%
- 31 Average Days on Market, 3 Days Slower
- Received 99.9% of Rental Price
Luxury ($4,000+/mo) Long-Term Rentals Information– Past 30 Days Compared to the Same Time Last Year:
- 47 Rented, up 23.7%
- $4,900 Median Rental Price, up 8.9%
- 33 Average Days on Market, 7 Days Slower
- Received 100.1% of Asking Price
Highest Rented Single-Family Home
Waialae Iki
3 bedrooms | 3.5 bathrooms | 1,964 square feet living
Why this property is spectacular: This beautiful Waialae Iki home has three bedrooms and three in a half bathrooms. Beautiful ocean and Diamond head views enjoyable from the back deck, as well as a spacious area around the pool with ample storage space.
Highest Rented Condo
Park Lane, Ala Moana
3 bedrooms |3.5 baths | 2,713 square feet living
Why this property is spectacular: Sky Residence 8805 is a gorgeous 3BR/3.5 bath with over 2700sf of living space & has a spacious 358sf outdoor lanai perfect for entertaining or watching the surf. Designed by well-known Hitoshi Tomoda from Estile, and lavishly appointed with furniture from Italy, Subzero & Wolf appliances, 100+ wine refrigerator, double pantry, Sonos system throughout, customized closet systems & motorized window coverings. Enjoy the incomparable amenities at Park Lane which include men’s & women’s spa’s, outdoor hot & cold plunge pools, movement studio, private training room, massage rooms, heated lap pool, fitness center, BBQ Cabana’s, guest suites and so much more.
Rented for: $25,000/month after 26 days on market.
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
