Compared to last month, available rentals decreased by 12% while rented properties increased 5.7%. Compared to June of last year, the number of rented properties in the luxury market saw a striking increase of 35.6%. Compared to this May, luxury rentals increased 17.6%; properties are being rented faster than this time last year and last month.
Rentals Available as of July 25
- 673 Long Term Available, 602 Rented in the Last 30 Days
- 39 Short Term Available, 3 Rented in the Last 30 Days
Long-Term Rentals Information- June 2023 vs. June 2022
- 623 Rented, up 5.8%
- $2,600 Median Rental Price, up 4%
- 27 Average Days on Market, 2 Days Faster
- Received 99.8% of Rental Price vs. 99.9%
Luxury ($4,000+/mo) Long-Term Rentals Information – June 2023 vs. June 2022
- 80 Rented, up 35.6%
- $4,550 Median Rental Price, down 5.2%
- 30 Average Days on Market, 24 days faster
- Received 99.7% of Asking Price vs. 99.6%
Highest Rented Single-Family Home
Kahala, Diamond Head
3 bedrooms | 3 bathrooms | 3,500 sq ft living | 10,650 sq ft land
Why this property is spectacular: Luxury island-style single level contemporary Kahala home designed for indoor/outdoor living in a tropical setting. Features a covered brick patio lanai, pool, and built-in BBQ. Primary suite boasts pool and garden views, dual ensuite baths, large closets and a separate study/4th bedroom.
Rented for: $10,000/month after 4 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
