Mitchell Group Real Estate - April 2023

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When you think of recycling, you may think of the blue bins you use to recycle plastic, paper, cardboard, or glass. But did you know that you can also recycle electronics and other devices? Here are some statistics about electronic waste (e-waste). • Around 12% of our electronics are appropriately recycled each year. This means that over 80% of devices are put in the garbage or sent to Asia or Africa to be burned. However, burning these devices releases harmful toxins in the air that can affect us, other living organisms, and the environment. • The most hazardous electronic toxins are mercury, lead, arsenic, cadmium, selenium, chromium, and flame retardants. • E-waste is increasing yearly — we generate around 40 million tons worldwide. HOW TO PROPERLY RECYCLE YOUR ELECTRONICS REDUCE, REUSE, RECYCLE!

91-991 Huaulaula Lp, Ewa Beach HI 96706 - SOLD 3/29/23

Our full service marketing & home staging plan helped a family sell their gorgeous Hoopili home in only 15 days at the FULL asking priceof $910,000!

• Our cellphones are filled with precious metals such as gold and silver. The U.S. throws out $60 million worth of these metals each year. What electronic devices can you recycle? You can recycle computers, laptops, monitors, cellphones, TVs, radios, tablets, printers, and other devices. But that’s not all! You can also recycle air conditioners, heaters, microwaves, digital cameras, circuit boards, VCR/DVD players, calculators, and more. How can you reduce, reuse, and recycle these devices? If your electronics are still in good condition and function properly, you can donate them to friends, charities, or community outreach programs. Some cellular companies allow you to turn in your old phone when you buy a new one — and you can even get some money back if your phone isn’t in shambles! Just be sure your personal information and data are wiped from your devices before giving them away. You can also send your electronics to a specialized facility that will wipe your data and recycle your devices. Search online for electronic recycling in your area to find businesses and organizations that offer this service. However, ensure that whatever facility you use is environmentally friendly. So, the next time you upgrade to a new phone, tablet, or computer, or when you get a new microwave and other electronic devices, recycle or donate them! The environment will thank you for it.

O’AHU MARKET UPD

O’ahu Sales Activity From February to March of this year, the housing market in O‘ahu experienced a 36% surge in sales activity! However, compared to the same period (February to March) in 2022, year-over-year sales continued to decline, with a 26.5% drop for single-family homes and a 33.9% decline for condos. Despite this, March 2023 saw 236 single- family homes and 444 condos sold. O’ahu Median Sales Prices In 2023, median sales prices for March yielded mixed results when compared to a year ago, with single- family home prices declining by 5.8% from $1,150,000 in March 2022 to $1,083,750 in March 2023. However, condo median sales prices hit a new record high of $536,000, which is 0.4% higher than the previous record of $534,000 set in June 2022, and a 4% increase year-over-year. O’ahu Single-Family Home Sales Volume The majority of single-family home sales, at 58.5%, closed at $1,000,000 or higher, pushing the median sales price above $1 million. However, the $600,000 to $799,999 price range saw a year-over-year increase in sales volume, jumping 70.6% from 17 to 29 single-family home sales compared to the same time last year. The $800,000 to $999,999 price range accounted for over a quarter of sales in March 2023. What Does This Mean? O‘ahu’s real estate market is rapidly evolving, and the first quarter of 2023 was active despite year-over-year declines in some statistics. Although buyers may find advantageous conditions, such as fewer bid-ups and longer days on the market, prices are still high, which may motivate sellers to list their property.

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