The Mitchell Group Real Estate Team - March 2025

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“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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