The Mitchell Group Real Estate Team - March 2023

It was a beautiful, sunny day, and our daughter was about 6 years old — she was outside playing and enjoying the fresh air and warm sun’s rays when she came across a piece of trash. Recalling what we’ve taught her to do, she picked it up off the ground, threw it away in a nearby garbage can, and resumed playing. LET’S SPREAD KINDNESS BY LIFTING OTHERS, WE RISE TOGETHER

What O

“Jason and Sachi made our home-selling experience completely smooth and pain- free, especially because we moved

from Hawaii to Colorado midway through the process. Jason was a

master at organizing and coordinating all aspects of preparing our home for the open

house and eventual sale, and Sachi’s keen eye for style and decorative taste in staging our home resulted in a final sales price that far exceeded our expectations by nearly $200k.

A random passerby had witnessed her actions and, out of the goodness of their heart, handed our daughter a $100 bill, rewarding her for her kindness in keeping our Earth clean. In more ways than one, this reminded our family of the importance of being kind to others without expecting anything in return, as well as how crucial it is to take care of our planet. For all of us, Hawaii is our home, and it’s up to us to keep it clean and sustainable for future generations, wildlife, and nature to thrive. Kindness is an essential part of our human nature, no matter how small the act may be. It’s something that we can give to others without losing anything of our own or expecting anything in return. Kindness doesn’t need to encompass a reward as it did in our daughter’s situation — it can mean holding the door for a stranger, lifting someone up when they are having a bad day, or offering assistance to those who need it. In today’s society, we all have somewhere to be, expectations to meet, and schedules to adhere to — life can get a little crazy. But we can all take a few moments out of our day to share kindness. With this attitude, we can surely make the world a better place for all of us. As the saying goes, “Kindness doesn’t cost a thing!”

Jason communicated extremely well throughout the entire experience and was able to expertly anticipate and avoid potential hiccups during the home sale process. Jason accurately assessed the market and posted a competitive asking price that generated multiple offers within days. He and Sachi alleviated our anxiety at every level, and we could not recommend a more knowledgeable and competent husband and wife team than the Mitchells. Thank you so much for helping us get the maximum sale price for our home, especially in an extremely challenging

O‘AHU HOME SALES PICK MONTH, REMAIN DOWN Y SINGLE-FAMILY HOMES ARE TAKING NEARLY FOUR TIMES LONGER TO SELL, AND

O‘ahu’s housing market remained sluggish in February, with closed sales of single-family homes and condos down 28.2% and 33.1%, respectively. However, single-family home sales rose 15.3%, and condo sales increased by 18.2% compared to January 2023. Median sales prices in both markets declined, dipping 12.3% for single-family homes from $1,125,000 to $987,000 compared to 2022. The condo market experienced a modest 3.4% decline from $497,000 to $480,000. Roughly 189 O‘ahu properties sold for under $500,000 in February. In February 2023, single-family homes nearly quadrupled the median days on market, skyrocketing to 47 days compared to 13 days in February 2022. The median days on market for condos doubled to 28 days compared to 14 days a year ago. Compared to a year ago, O‘ahu’s housing market has undergone a significant change as all aspects have shown a slowdown in activity, with properties remaining on the market for a much longer amount of time before closing. Average mortgage rates have almost doubled from what they were one year ago, which has tremendously reduced buyer purchasing power.

SINGLE-FA MARKE

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