Compared to last month, available rentals increased 10% and rented properties increased 24.2%. Compared to May of last year, the number of rented properties increased slightly (2.8%) but the luxury market saw a larger increase of 13.3%. Overall, properties are still taking more time to rent than they did last year.
Rentals Available as of June 20
- 767 Long Term Available, 546 Rented in the Last 30 Days
- 39 Short Term Available, 7 Rented in the Last 30 Days
Long-Term Rentals Information- May 2023 vs. May 2022
- 589 Rented, up 2.8%
- $2,500 Median Rental Price, up 4.4%
- 31 Average Days on Market, 4 Days Slower
- Received 99.8% of Rental Price vs. 100%
Luxury ($4,000+/mo) Long-Term Rentals Information – May 2023 vs. May 2022
- 68 Rented, up 13.3%
- $4,545 Median Rental Price, no change
- 39 Average Days on Market, 13 days slower
- Received 99.3% of Asking Price vs. 101%
Highest Rented Single-Family Home
Paiko Lagoon, Diamond Head
2 bedrooms | 3 bathrooms | 2,198 sq ft living
Why this property is spectacular: Living The Dream! Enjoy quiet walks on the beach, get your feet wet and play in the sand! Ocean side sliding glass doors and screens disappear into pockets for indoor outdoor living.Beautiful sunrises and stunning sunsets. Just a few minutes drive to shops, dining, theatres, grocery stores, Hanauma Bay, and more.
Rented for: $11,000/month after 73 days on market.
Highest Rented Condo
Hokua, Kaka’ako
3 bedrooms | 2.5 bathrooms | 2,325 sq ft living
Why this property is spectacular: . Corner end unit which allows for cross breezes and views from the mountains to the sea. 2325 square feet of exceptional quality and care. Fully Furnished, modern, stylish and very tasteful, also central AC, luxury vinyl plank flooring, Wine Refrigerator, Sub Zero, Wolf convection oven, Washer Dryer and storage space that makes this feel like a real home.
Rented for: $10,000/month after 78 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
