The Mitchell Group Real Estate Team - March 2025

Check out our March newsletter!

Fun, Relaxing, and Memorable Family Activities SPRING BREAK BUCKET LIST

the monthly hale MARCH 2025

Spring Break is just around the corner, and if you’re looking for fun and memorable ways to spend time with your family, we’ve got you

covered! If you are planning on staying local, here are four great ideas to make the most of your break. Experience the Magic of Cirque du Soleil ‘Auana’ One experience you won’t want to miss is Cirque du Soleil "Auana" at the Waikiki Beachcomber Hotel. This brand new, family-friendly show combines Cirque du Soleil's world-class acrobatics with Hawaii’s rich culture and highlights our local performers and artists. It’s the best Cirque show I’ve ever seen, and the way it highlights Hawaiian traditions makes it extra special. There are no bad seats in the theater, they offer a Kama’aina discount, and we can’t wait to see it again! Go Whale Watching Spring break is the perfect time for a whale-watching cruise. Peak whale season lasts through April! We love Pink Sails Waikiki, and if you check Groupon, you can often find great deals on their excursions. Watching these incredible creatures in their natural habitat is an unforgettable experience. My parents also joined us for whale watching and it was fun for all ages.

Enjoy Relaxing Beach Fun Sometimes, the best spring break moments are the simplest ones. If you’re lucky to be near a beach, relax, unwind, and enjoy quality family time. Plan a sunset picnic, take a leisurely evening walk, or spend the day building sandcastles and playing in

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WHAT OUR C

“Very professional, pati and experienced. They extremely accommodati all of my requests. Their a was knowledgeable and h The process was smooth a trouble-free.”

—Ken

5.0

We have a 5.0 rating on Google*

In January, new single-family home listings climbed 17.9% to 336, while condo listings saw a 27.2% jump to 739. Active inventory also grew significantly, up 20.9% for single-family homes and 54.9% for condos. Oahu’s real estate market started the year strong, with both single-family home and condo sales increasing compared to last year. A surge in new listings has expanded inventory, giving buyers more options across various price points. OAHU HOUSING MARKET GA

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the waves. You don’t have to make any big plans — just good company and the beauty of nature.

Kick Back With Cozy Family Nights For those staying home or looking to slow down after an adventure-packed day, movie nights, board games, or backyard campfires can be as memorable as any trip. Spring break is all about making memories, even if it’s just through quiet moments together. Tour a Bee Farm with Hanai Hives Spend a magical afternoon with Hanai Hives on North Shore for a tour of their bee farm. Their incredible garden had cacao, papaya, mango, avocado, oranges, kumquat, durian, and so much more. We learned how important bees are to our planet, and suited up in bee suits to visit 30,000 female bees and spot the queen. We then tasted different flavors of their local, raw honey. 10/10 would recommend this tour!

Key Takeaways From the January Market Report:

Sales Growth: Single-family home sales rose 6.5% to 196 transactions, while condo sales increased 6.8% to 312.

Price Trends: The median sales price for single-family homes climbed 9.7% to $1,120,000, and condos saw a 7.4% rise to $539,500. Market Activity: Single-family homes sold faster, with a median of 25 days on the market, down from 29 last year. In contrast, condos took longer to sell, with a median of 39 days compared to 29 days in 2024. High-End Market Growth: Sales in the $1,100,000 to $1,299,999 range for single-family homes more than doubled, increasing from 18 to 39 transactions. Notably, 62% of these sales closed below the original asking price.

Happy Spring Break!

-Sachi Mitchell

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TAKE A BREAK

CLIENTS ARE SAYING

Aquamarine Basketball Bluebird Clover Green Ides Leprechaun Madness

ient

were ing to advice helpful. and

Pisces Spring Tangerine Tulip

Text your answers to Sachi at 808.286.7633. A winner will be randomly selected to receive a $5 Starbucks gift card.

Greene

The referral of your friends and family is the greatest compliment you can give us. Mahalo for your trust!

Homemade Shamrock Shakes

AINS MOMENTUM IN 2025

Inspired by TheKitchn.com

Luxury Condo Sales Surge: Condos priced at $1,000,000 and above accounted for 11.5% of all condo transactions, nearly doubling from 16 to 36 sales year-over-year.

INGREDIENTS Milkshake • 1 pint vanilla ice cream • 2/3 cup whole milk • 1/2 tsp peppermint extract • 8 drops liquid or 4 drops gel green food coloring

The rise in new listings this January has expanded options for buyers across various price points and neighborhoods. While demand remains steady, buyers have more leverage in negotiations, emphasizing the importance of strategic pricing and market awareness for sellers. Buyers and sellers must stay informed about market trends as inventory grows to make well-informed real estate decisions.

$1,120,000 MEDIAN SINGLE-FAMILY PRICE

Toppings • Whipped cream • Green sprinkles • 2 maraschino cherries

SINGLE-FAMILY MARKET

196 CLOSED SALES

6.5%

DIRECTIONS 1. Put 2 tall drinking glasses into the freezer to chill. 2. Allow ice cream to slightly soften for 10–15 minutes. 3. In a blender, add milk, peppermint extract, green food coloring, and softened vanilla ice cream. 4. Blend on lowest setting and work up to medium speed for 1 minute or until smooth and pourable. 5. Pour evenly into frosted glasses,

MEDIAN CONDO PRICE $539, 500

CONDO/ TOWNHOUSE MARKET

312 CLOSED SALES

6.8%

and top with garnish of your choice. Serve immediately.

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Family-Friendly Spring Break Ideas 2 What Our Clients Are Saying Oahu Housing Market Gains Momentum in 2025 3 Homemade Shamrock Shakes 4 Why Does My Water Take So Long to Get Hot?

Why Does My Water Take So Long to Get Hot?

COMMON REASONS YOUR SHOWER IS COLD

Having hot water is a luxury many enjoy, but it can be frustrating when the water takes too long to heat up. A lag in hot water temperature can be due to many factors, including uninsulated pipes, lower water temperature

adjusting the temperature to the desired degree. Also, consider the time it takes for the hot water to reach the tap. You may set the temperature to a specific degree, but it may be a few degrees cooler when it reaches you. The water heater is too far from the shower. Ideally, water heaters are placed centrally in a home, but that isn’t always the case. Basements and laundry closets are common areas for water heaters, and in many instances, they are a good distance away from the kitchen or bathrooms. When this is an issue, it can take some time for the water to heat. The pipes aren’t insulated. Areas like an unfinished basement or crawlspace can be the culprits for slow-heating water. As the warm water passes through the pipes, the pipes warm up, but that can take time. Depending on the location of the pipes, you can insulate them, but if it’s not worth the time or effort, it’s best to have a little more patience with your water heater!

settings, or something as simple as not realizing the knob isn’t turned all the way. No matter the case, anyone’s patience can grow thin when waiting on hot water, especially when they desperately need the pampering of a relaxing bath or shower.

Before frustration sets in and you take a hammer to the tap, here are three common culprits preventing your water from getting hot enough, fast enough!

The water heater is set to a lower temperature.

Most water heaters have adjustable control settings (except for heaters in rented spaces). However, for most homes, changing the heat to a higher setting only requires manually

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