The Mitchell Group Real Estate - July 2023

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Menya Le Nood Honolulu Everything is delicious here, including their gyoza, ramen, and fried chicken, but they are best known for their tsukemen!

3075 Ala Poha Pl. #808, Honolulu HI 96818 - SOLD 6/14/2023 Our full service marketing and home staging plan helped a family sell their Salt Lake condo for $780,000 ($10,000 over asking price) in only eight days!

Must order: Black tonkotsu tsukemen.

Surf N Salsa Food Truck Haleiwa This is the best food truck, with a dreamy patio area and huge portions!

Must order: Carne asada fries.

Kalapawai Market Kailua

My daughter, Julia, begged me to add this to the list. Her favorite burger on the island is the Beach Burger on their lunch menu. Their dinner menu is exceptional — try the chef's specials; they’re always good!

Hawaiian Island Café Waimanalo Locally owned and operated! It’s a cute café, and the owners are warm and inviting. Must order: Turkey pesto club — this is the best sandwich on the island. Served on a poi bun, take it to-go and have a picnic at Waimanalo Beach for a perfect afternoon.

OAHU HOME AND CONDO M SALES AND MEDIAN PRICES DIP, BUT PACE OF SA

Farm to Barn Haleiwa

The monthly median sales price for both single-family homes and condos fell 4.5% year-over-year. The single-family home monthly median sales price in June was $1,050,000, and $510,000 for condos. Single-family home sales dropped 30.5%, and condo sales dove 24.9% compared to the same time last year. However, the market pace remained relatively quick, with most properties entering a contract in just over two weeks. Although both markets experienced double-digit sales growth from the first quarter of 2023 to the second-up 28.4% for single-family homes and 27.2% for condo-sales, which were approximately one- third down from a year ago for both the second quarter and year-to-date.

You can't miss the cute red barn overlooking their farm and outdoor patio area. They often have fun events and evening yoga classes on the lawn. Their food is fresh and consciously sourced!

Must Eat: Barn burrito and açaí bowl.

-Sachi Mitchell

SINGLE-FAM MARKET

The first half of the year saw 337 single-family homes, approximately 26% of sales, that closed for more than the original asking price, compared to 1,189 single- family homes or 61% of sales over the same period last year. Fourteen percent of single-family home sales received full asking price compared to 13% last year. In the

Surf N Salsa in Haleiwa has Carne Asada Fries that are so Ono!

condo market, 502, or 21% of sales, closed above the original asking price compared to 1,589 condo sales, or 43% in the first half of 2022. The share of condo sales that received full asking price was 21% year- to-date compared to 19% last year. At the end of last month, active inventory was up in both markets compared to the same time last year. June 2023 ended with 605 active single-family homes, a 14.8% year-over-year increase, and 1,159 active condos, a 16.1% increase from a year ago.

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