The number of rented properties and active rentals decreased slightly compared to April 2022. The luxury market saw a notable increase of 42% in the number of properties rented compared to last year. Overall, properties are taking more time to rent than they did last April but for higher rent.
Rentals Available as of May 23
- 696 Long Term Available, 565 Rented in the Last 30 Days
- 41 Short Term Available, 6 Rented in the Last 30 Days
Long-Term Rentals Information- April 2023 vs. April 2022
- 474 Rented, down 7.2%
- $2,500 Median Rental Price, up 8.7%
- 30 Average Days on Market, 3 Days Slower
- Received 99.8% of Rental Price vs. 99.7%
Luxury ($4,000+/mo) Long-Term Rentals Information – April 2023 vs. April 2022
- 64 Rented, up 42.2%
- $4,775 Median Rental Price, up 6.1%
- 37 Average Days on Market, 16 days slower
- Received 100% of Asking Price vs. 100%
Highest Rented Single-Family Home
Kalama Tract, Kailua
3 bedrooms | 3 bathrooms | 1,800 sq ft living
Why this property is spectacular: Experience the best of island living in this charming plantation-style house located just a 5-minute stroll from the beach and minutes away from Kailua Town. Boasting generously sized bedrooms and an inviting open floor plan, this home offers seamless indoor-outdoor living with a living room that flows seamlessly into the backyard, featuring ample entertainment space, a stunning pool, and fruit trees.
Rented for: $7,800/month after 28 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
