The Mitchell Group Real Estate - September 2023

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A GIANT WHALE THAT TERRIFIED THE BYZANTINE EMPIRE THE REAL SEA MONSTER

95-1040 Hoalia St., Mililani Mauka HI 96789 - Asking $1,200,000*

Single story, 3 bed, 2 bath, 2 car garage, 2 driveway parking spaces, 1570 interior sq ft, 5177 sq ft perimeter lot home featuring new LVP flooring, interior paint, ceiling fans, and light fixtures throughout.

Social media lit up in spring of 2023 with news that orcas were attacking boats off the coasts of Portugal and Spain. Experts can’t agree on the reason behind this aggressive behavior, but history tells us it’s not the first time whales have gone rogue against sea vessels in their midst. Citizens of the Eastern Roman Empire (aka the Byzantine Empire) dealt with a similar problem in the form of a fearsome giant whale they named Porphyrios. Porphyrios struck terror into the hearts of fishermen, merchants, and soldiers who frequented the waters around Constantinople (modern- day Istanbul, Turkey) during the 6th century; he spent roughly 50

years attacking boats of all sizes throughout the area. Then he would disappear for years at a time, but the locals never knew when he would reappear to sink more ships. The whale caused so many problems for commerce and defense that Roman Emperor Justinian I reportedly prioritized capturing or killing him. But even the greatest war strategists could not devise a way to take Porphyrios down. He was like a natural disaster, and leaders could stop him no more than they could hold off a hurricane. As with today’s killer whales, experts are unsure what drove Porphyrios’ behavior. Since cameras would not be invented for more than 1,000 years, there are no photographs of Porphyrios, and it’s impossible to know what species he was. Due to his enormous size and apparent long life, many marine biologists believe he was a sperm whale. However, others point out that sperm whales rarely live in the region where Porphyrios caused his mayhem and think he was an orca — perhaps an ancestor of the modern- day boat bashers around Europe. Unfortunately for Porphyrios and animal lovers, the whale’s antics eventually caught up with him. While chasing a school of dolphins, Porphyrios beached himself near the mouth of the Black Sea and struggled unsuccessfully to push his body back into the ocean. Meanwhile, Byzantines caught wind

OAHU HOME SALES RIS REMAIN DOWN YEAR-O

YEAR-TO-DATE, MEDIAN SALES PRICES D

Closed sales of single-family homes and condos declined year-over-year, dropping 19.7% and 16.9%, respectively; however, compared to a month ago, single-family homes recorded a 12.5% uptick in sales, while condo sales remained steady. Compared to 2022, the median sales price for a single-family home dipped 1.4% to $1,110,000, while the condo median sales price increased 3.3% to $515,000. From a year-to-date perspective, the median sales prices for Oahu properties fell for single-family homes to $1,050,000, a 5.7% decline from last year, and for condos to $502,000, down 1.6%. Around 33% of single-family homes and approximately 26% of condos sold above their original list price, with sellers receiving an average of 99.1% and 99.6% of their original list prices, respectively.

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that their enemy was helpless and attacked with ropes and axes, giving Porphyrios a gory death and themselves a feast of whale meat.

Sales volumes varied significantly, with single-family homes in the $900,000 to $1,199,999 range seeing a 39.2% decline and a 13.1% increase in the more affordable $600,000 to $899,999 range. For condos, the $100,000 to $499,999 price range experienced the most significant decline in sales volume, falling 24.3% year-over-year, while higher price points remained stable. August saw more active inventory of single-family homes in the $799,999 and below range, rising 33.8% from a year ago. The Kāne‘ohe and Leeward regions experienced the largest increase in units of active inventory, with year-over-year increases of 52.9%

Despite his inauspicious end, Porphyrios is still the only whale to threaten the Roman Empire. We can only hope he will be the only marine life ever to pose such a threat.

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