The number of available total rentals has drifted up slowly, up to 764 available units (as of 10/24/22). This this could be because of the short term rental law changing the minimum stay from 30 days to 90 days or more.
Please note that this law was halted by a Federal Court judge with a preliminary injunction, allowing 30-day rentals to continue. Learn more in the Ask Doug! section below.
However, many owners may have changed course and put their rentals into a longer term format.
The under $2000 per month rentals have an overwhelming number of applicants. The $4500 to $6500 remains steady. Prices seem to be remaining stable.
Rentals Available as of October 24:
- 719 Long Term Available, 586 Rented in the Last 30 Days
- 30 Short Term Available, 6 Rented in the Last 30 Days
- 14 Vacation Available, 0 Rented in the Last 30 Days
Long-Term Rentals Information- Past 30 Days Compared to the Same Time Last Year:
- 493 Rented, up 11%
- $2,300 Median Rental Price, no change
- 26 Average Days on Market, 3 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:
- 48 Rented, up 37%
- $4,498 Median Rental Price, down 10%
- 31 Average Days on Market, 18 Days Faster
- Received 100% of Asking Price
Highest Rented Single-Family Home
Kahala
5 bedrooms | 5 full bathrooms | 3 half baths | 9,351 square feet living
Why this property is spectacular: Located in the upscale neighborhood of Kahala along the sunny south shore of Oahu, this 9,600 interior square foot home is only steps away from the beach and Wai’alae Beach Park, and is a short drive to the iconic Diamond Head State Monument. The entire home is lavishly styled and decorated in contemporary furnishings and high quality attention to detail. This stunning home offers a wide array of private amenities for your entire party to enjoy, including a home theater, indoor gym, billiards room, personal office, outdoor pool and spa area, and more! The primary bedroom comes equipped with a King bed, a television set, large personal lounge area with seating, spacious covered balcony with ample seating and an ocean view, and the primary ensuite with grand dual vanities, soaking tub, large walk-in shower, and separate water closet with a toto toilet.
Highest Rented Condo
One Ala Moana
3 bedrooms | 3 baths | 1,800 square feet living
Why this property is spectacular: Live in Honolulu’s most desirable boutique condominium ONE Ala Moana. This furnished 3 bedroom, 3 bath is absolutely stunning with floor-to-ceiling glass windows, high volume ceilings, ocean, mountain and city views. Unit features include custom closet systems, Subzero and Wolf appliances, gas range, wine storage, refrigerated drawers and motorized window coverings. ONE Ala Moana boasts modern elegance with its resort amenities that include, concierge services, guest suites, a movie theater, Vino room, Chef’s dining room, private dining room, BBQ cabana’s, pool, hot tub, children’s play area, putting green, game room, fitness center, yoga room, sauna’s, EV charging stations and so much more. Enjoy the convenience of Ala Moana Shopping Center where shopping and eclectic dining options are abundant.
Sold at: $12,000/month after 8 days 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
