The general and luxury rental markets saw a decrease in the number of long-term properties rented, compared to both last month and last year. The rental price held steady in the general market but decreased in luxury market.
Rentals Available as of October 30
- 662 Long Term Available, 447 Rented in the Last 30 Days
- 44 Short Term Available, 3 Rented in the Last 30 Days
Long-Term Rentals Year-Over-Year: September 2023 vs. September 2022
- 514 Rented, down 6.2%
- $2,500 Median Rental Price, no change
- 26 Average Days on Market, 1 Day Slower
- Received 99.7% of Rental Price vs. 99.8%
Long-Term Rentals Month-Over-Month: September 2023 vs. August 2023
- 514 Rented, down 15.8%
- $2,500 Median Rental Price, no change
- 26 Average Days on Market, 2 Days Faster
- Received 99.7% of Rental Price vs. 99.8%
Luxury Long-Term Rentals ($4,000+/mo) Year-Over-Year: September 2023 vs. September 2022
- 57 Rented, down 21.9%
- $4,400 Median Rental Price, down 4.3%
- 33 Average Days on Market, 14 days faster
- Received 99.7% of Asking Price vs. 99.9%
Luxury Long-Term Rentals ($4,000+/mo) Month-Over-Month: September 2023 vs. August 2023
- 57 Rented, down 6.5%
- $4,400 Median Rental Price, down 5.3%
- 33 Average Days on Market, 2 days slower
- Received 99.7% of Asking Price vs. 100.4%
Highest Rented Single-Family Home
Beachside, Kailua
3 bedrooms | 2 bathrooms |1,480 sq ft living | 16,802 sq ft land
Why this property is spectacular: This stunning single-family home located on the gorgeous stretch of Kailua Beach nestled down a private lane is full of charm. The well designed kitchen and living room boasts large picture windows that provide superb ocean views, topped off with stainless steel Wolf and Subzero appliances, gas range, dining nook and open concept floorplan.
Rented for: $12,000/month after 139 days on market.
Highest Rented Condo
Park Lane, Ala Moana
2 bedrooms | 2 bathrooms | 1,670 sq ftliving
Why this property is spectacular: Put in your personal furniture except big concrete lanai furniture. living room sectional sofa set available if needed. Living in the best development at Ala Moana shopping mall. Preferred 3 rd building of park lane with best view magic island. Cool lanai where you can do your own barbecue. Living with security of condominium but feeling as living in a single family home with 10ft ceiling! Subzero , wolf appliances.
Rented for: $15,000/month after 9 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
