Mitchell Group Real Estate - June 2023

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Crouching Lion Hike has incredible views up top

Summer Bucket List

OUR FAVORITE SUMMER ACTIVITIES ON OAHU

The weather is warm, the sun is shining, and the palm trees are

“Best Cabin” and our son’s tribe won “Best Tribe.”

the monthly hale

swaying in the wind. In some areas around Oahu, you can even smell the sweet scent of plumeria while the warm waters of the Pacific lap upon the shore. Summer has arrived! Our family is incredibly excited to spend some time in the sun during Hawaii’s greatest season of all! Here are some of our family’s favorite summer activities!

Waimanalo Country Farms In summer, sunflowers are blooming and the farm is open to the public beginning on May 20. We love their homemade lemonade, the cute petting zoo, and the tractor ride. We like to visit the farm in the morning and then spend the day at Waimanalo Beach afterward.

JUNE 2023

Napali Coast of Kauai is breathtaking! Go Blue Adventures Tour is a perfect way to explore the caves and waterfalls.

Snorkeling When the weather is warm, we grab our masks and snorkels and head out to Electric Beach, Shark’s

Hiking Our family loves to hike, and some of our newest favorites are Crouching Lion and Lulumahu Falls. In the summer, there are tons of locations on Oahu to explore and experience. Good Eats Our family loves spending the day under the sun and then heading out for a delicious meal. We love gathering for dim sum at Mei Sum in Chinatown. Imanas Tei (Japanese), MW Restaurant (Pacific Rim), and the Surf N Salsa food truck (Mexican) are some our other go-to places for a guaranteed ono meal. Zip Lining Zip lining is a fun adventure for the entire family. They have the longest ziplines on Oahu and the scenery is spectacular. It’s fun to race each other too. Keep your eyes out for chameleons!

Cove, or Waimea Bay. We love taking in the natural beauty of the sea life including sea turtles, eagle rays, tons of fish, and sometimes even pods of spinner dolphins! It should be noted that especially in the winter, Waimea Bay is a popular surfing beach, which is why summertime is a better time to enjoy the calmer waters while snorkeling.

Beaches There is nothing more relaxing and serene than taking in the beauty of the island while basking on the beach. Some of our favorites include Kalama Beach in Kailua and Waimanalo Beach. We love to jump the rock at Waimea Bay, too! Camp Erdman On the North Shore, this sleep-away camp for the kids is so fun. A week of bonfires on the beach, rope courses, tribe sports challenges, dances, and talent shows at night keep everyone entertained. Our daughter’s cabin won

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What O

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“Jason and Sachi are the dynamic duo of real

Coral Crater ATVs ATV riding is always a MUST in the

estate. I have worked with the couple on three different real estate transactions, and they are, by far, the best agents I’ve had the pleasure of working with. Absolutely true professionals who were extremely knowledgeable, personable, and, most importantly, available any time I had questions.

summertime. At Coral Crater, off-roading is a blast. You’ll get dusty and muddy, but it’s worth it!

Island Hopping We love to check out some of the other islands and

explore and feel like “tourists” for the day. Our favorites are Maui and Kauai.

The most recent transaction was in the sale of my second home in Hawaii. Selling a home

remotely is already challenging, but in this difficult real estate market, Sachi and Jason were able to sell in record time at the asking price! Can’t thank them enough and definitely recommend Sachi and Jason for anyone seeking to buy or sell a home in Hawaii!”

The sunflowers at Waimanalo Country Farms are a must see!

Sunsets Make your way to House Without a Key in the Halekulani. You can sit on the patio for their Sunset

– Dennis Dagdagan “Jason and his team did a great job getting our house sold. He took charge of all the preparations prior to the listing and was informative throughout the entire sales process.”

Cocktail menu and nightly Hawaiian music and hula. The entertainment starts at 5:30 p.m., but we recommend getting there early to beat the crowds! Get the Tako poke and the mai tais! Sweet Land Farm We go to pet and feed the goats and ooohh and ahhh over the baby goats. It’s a gorgeous farm to walk around, and the goat cheese platters and ice cream are delish!

– Brian Rosenswike

SALES VOLUME OF OAHU HOMES STILL DOWN COMPARED TO 2022

Happy summer!

In May, the sales volume of homes on Oahu showed improvement compared to the previous month. Single-family homes experienced a 26% increase, while condos saw a 4.3% rise. However, compared to the same period last year, there was a decline of 23.8% in closed sales for single-family homes and 36.3% for condos. The median sales price for a single-family home in May 2023 was $1,109,000, 3.9% lower than the previous record set in May 2022 at $1,153,500. Similarly, the median sales price for condos slightly decreased by about 2.2% from $516,500 in May 2022 to $505,000 in May 2023. Despite the lower sales volume, the median prices for properties on Oahu have remained relatively stable over the past year. The lack of available homes for sale continues to drive demand as more local residents aspire to become homeowners. Single-family homes and condos took twice as long to sell compared to last year, with an average of 21 days on the market for single-family homes and 20 days for condos, compared to 10 days in 2022. In the past seven months, there has been an increase in single- family home sales that closed at the full asking price or even higher. However, this figure has changed compared to the previous year, as approximately 45% of these sales in May received the full asking price or more, compared to about 75% of sales in May 2022. The same trend applies to condos, with roughly 45% of condo sales closing at the full asking price or more, compared to 65% in May 2022.

-Sachi Mitchell

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The nightly music and hula at House Without A Key are the perfect way to enjoy the sunset.

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THEMITCHELLGROUPHAWAII.COM

Our Clients Are Saying

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“Jason and Sachi are a great duo as they balance each other out. We had selected Jason originally, and I was surprised that Sachi would be the one doing the showings. I was originally concerned we were ‘pawned off,’ but Sachi is wonderful. She is personable and professional and made our stressful house-hunting search fun. We would not be in our home now had she not given me the moment of clarity I needed. “Jason handled the nuts and bolts of the offer and clearly understood what it takes to get an offer selected. We went from the condo/ townhouse market to single-family, and he knew we needed to adjust the offer to accommodate the increase in demand for single-family homes. With the market Oahu has right now, homebuyers need that skill set he can provide to have their offer selected. “They are a very dynamic duo, and they always had our best interests at heart. They are great realtors but also good people. We are so glad we found them.”

Beach Burgers Cycling Father Juneteenth Music

Pearl Pride Refugee Sailing Solstice Waterski

Text your answers to Sachi at 808-286-7633. The first person to text with the correct answers gets a $5 Starbucks gift card.

–Tina Leonetti

CHERRY CHIA GREEK YOGURT BOWLS Inspired by HungryHobby.net

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

S PICKS UP MONTH-TO-MONTH

INGREDIENTS

Chia Seed Jam • 2 cups Chelan fresh sweet cherries, pitted • 3 tbsp chia seeds • 2 tbsp honey • 1/4 cup water Greek Yogurt Bowl • 1 cup nonfat plain Greek yogurt • 1/2 tsp vanilla extract • 1 tsp hemp seeds • 1 tbsp granola

$1,109,000

3.9%

NGLE-FAMILY MARKET

MEDIAN SINGLE-FAMILY PRICE

262 CLOSED SALES

23.8%

21 DAYS ON MARKET

110%

11 days slower

DIRECTIONS

$505 ,000

2.2%

Chia Seed Jam We suggest making the chia seed jam in advance and storing it in the refrigerator so you can quickly assemble these yogurt bowls all week. Using a potato masher, mash down the cherries. Place a small pot on high heat and add the cherries, chia seeds, honey, and water. Bring the mixture to a boil, then turn down the heat and let simmer for 10 minutes, stirring constantly. Allow jam to cool before using or refrigerate. Greek Yogurt Bowls In a small serving bowl, mix the Greek yogurt with vanilla extract. Top the Greek yogurt with 2 tbsp cherry chia seed jam, hemp seeds, granola, and a few additional Chelan fresh sweet cherries, if desired.

MEDIAN CONDO PRICE

CONDO/ TOWNHOUSE MARKET

438 CLOSED SALES

36.3%

20 DAYS ON MARKET

100%

10 days slower

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808.824.4088

500 ALA MOANA BLVD SUITE 7-400 HONOLULU HI 96813 808.824.4088

PRSRT STD US POSTAGE PAID BOISE, ID PERMIT 411

THEMITCHELLGROUPHAWAII.COM THEMITCHELLGROUPHAWAII@GMAIL.COM

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Oahu’s Summertime Gems

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What Our Clients Are Saying Oahu May Sales Update

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Word Search Cherry Chia Greek Yogurt Bowls 4 Leaf Your Home Looking Fabulous

UNBE-LEAF-ABLY EASY INDOOR PLANT DESIGN HACKS If your interior design needs a pick-me-up, an easy way to improve your home’s look is to add potted plants! Both big and small indoor plants can add the unique design touch you’ve been looking for, but here are three other reasons why you should put a few indoor plants inside your home. Fill a space. Adding a plant is an excellent way to fill any area in your home that feels empty! Instead of just having a plain corner where two walls meet, placing a tall potted plant can create a more cozy, lived-in, yet stylish feeling. Add variation and color. A vibrant, colorful plant (with or without flowers) can change things up if everything in your home generally looks the same, especially if you have abundant straight lines or single height points. Cover up imperfections. If stray balls, spills, crayons, or other mishaps have damaged your walls, a plant is a stylish way to hide the blemish!

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