As noted by the Honolulu Board of REALTORS®’s report, “‘In 2023, O‘ahu’s housing market felt the acute impact of rising mortgage rates and limited inventory,’ said Fran Gendrano, president of the Honolulu Board of REALTORS®. ‘The cooling market activity we first experienced in 2022 carried over in 2023, as sales volume continued to mellow out compared to the frenzy we saw during the COVID-19 pandemic.'”
While the market was down more than 25% overall, our team business at Caron B Realty nearly matched our sales volume from 2022 and surpassed that from 2022. The 2023 median price in the luxury market was $2,450,000, while the median luxury price at Caron B Realty was $3,650,000.
We had multiple record-breaking sales of luxury properties across neighborhoods. The experience, knowledge and wisdom that Caron and Doug have gained through their years in business and multiple upturns and downturns in the market, has allowed us to quickly adapt and guide clients through any type of market. We excel at client service by truly understanding clients’ goals and helping them build their desired lifestyle and build wealth through real estate. We are so proud of the team and what they accomplished this year. We want to extend a thank you to all our clients, friends, and the people who have referred us business. We truly appreciate the confidence you have in us and my team at Caron B Realty.
- Notable Sales of 2023
- 2376 Oahu Ave: Highest sale in Manoa for the year
- Learn more about this luxury home sale here
- 4557 Sierra Ave: Highest sale in Maunalani Heights history
- Learn more about this luxury home sale here
- 4908 Kahala Ave: Received 7 offers and sold for 97.3% of the asking price while the neighborhood average was 92.8%
- Learn more about this luxury home sale here
- 3715 Diamond Head Circle: Statement property sold within one week
- Learn more about the incredible transformation this estate went through here
- 3555 Harding Ave: 1031 tax deferred exchange
- Learn more about the sale of this iconic Kaimuki office building here
- 2820 Oahu Ave: Received multiple offers and sold above asking price
- Learn more about this luxury home sale here
- 2376 Oahu Ave: Highest sale in Manoa for the year
- One of our agents guided clients through a very difficult closing at Kainalu
- Another agent is working with a buyer at a new development in Ward Village
- Our team is also committed to helping the community. Between the donations from their weekly appointments and the generous donations from our clients, we have given over 10,000 meals to Hawaii FoodBank.
To learn about our luxury real estate sales plans, call our office at (808) 593-9826 or email concierge@caronb.com
