The rental market has remained relatively steady over the past month. We are still waiting to hear on a final determination on the 30-day rental law. Currently, 30-day rentals are are allowed to continued since this law was halted by a Federal Court judge with a preliminary injunction last month.
Rentals Available as of November 25:
- 756 Long Term Available, 466 Rented in the Last 30 Days
- 31 Short Term Available, 3 Rented in the Last 30 Days
- 13 Vacation Available, 0 Rented in the Last 30 Days
Long-Term Rentals Information- Past 30 Days Compared to the Same Time Last Year:
- 466 Rented, up 2.8%
- $2,400 Median Rental Price, up 5.5%
- 29 Average Days on Market, 4 Days Slower
- Received 99.8% of Rental Price
Luxury ($4,000+/mo) Long-Term Rentals Information– Past 30 Days Compared to the Same Time Last Year:
- 37 Rented, up 19.3%
- $4,300 Median Rental Price, down 14%
- 37 Average Days on Market, 12 Days Slower
- Received 99% of Asking Price
Highest Rented Single-Family Home
Kahala
3 bedrooms | 3.5 bathrooms | 2,505 square feet living
Why this property is spectacular: Rarely available island home in beautiful Kahala. Open indoor/outdoor single story floor plan with a private salt water pool and waterfall, outdoor bar/tv and covered wrap around patio make it perfect for in-home entertaining. House is fully furnished with everything you could ask for. Split AC in living/dining with AC in all three bedrooms, along with a solar water heater and attic fans. All 3 bedrooms have ensuite bathrooms. Bonus legal 4th bedroom/bath with separate entrance. Easy walking distance to Kahala Beach, parks, and Kahala Mall. A 6-12 month lease is preferred. Monthly house cleaning, quarterly pest service, semi-annual sprinkler service, yard and pool maintenance are included.
Highest Rented Condo
Waiea, Kaka’ako
3 bedrooms | 2.5 baths | 2,022 square feet living
Why this property is spectacular: This three-bedroom, three-and-a-half-bath, two-parking unit is available for rent at the luxurious Waiea in Ward Village. The kitchen is outfitted with high-quality finishes and appliances, which include a large refrigerator and freezer, dishwasher, stove, and microwave. Waiea residents enjoy exclusive access to resort-style amenities such as concierge services, luxury guest suites, guest parking, a fitness center, resort-style locker rooms with steam, sauna, and treatment rooms, a movie theater room, dining rooms with catering and chef’s kitchen, and so much more. Easy access to Ala Moana Center, Ala Moana Beach Park, Waikiki, grocery stores, restaurants, and H-1 Freeway – East and Westbound.
Rented for: $12,000/month after 1 day on market.
Picture from Honolulu Board of Realtors
We would be happy to answer any property management or real estate sales questions you have. Call us to schedule a private consultation at (808) 593-9826 or email concierge@caronb.com
