Market Pulse - Condo Market

The Oahu condo market continues to present unique opportunities for buyers this year. Median condo prices are down 4% year-over-year, now at $505,000, and the number of closed sales has also dipped by 9% compared to last year. Condos are sitting on the market longer—42 days on average, up from 27 days a year ago—giving buyers more time and leverage to negotiate.

Buyers: What does this mean for you? If you’re thinking about buying, don’t let interest rates scare you off. With so many listings on the market and prices trending downward, many condos are selling below market value. This is a great window to purchase, then refinance later when rates improve.

Additionally, sellers are often motivated and willing to offer incentives, such as credits for closing costs or even paying down your mortgage rate. Work with me and let’s get creative with your offer—we can negotiate terms to help you qualify and make your purchase more affordable.

Sellers: Selling your home in today’s market isn’t just about listing—it’s about strategy. Pricing it correctly and attracting the right buyers can make all the difference.

It’s also important to set realistic expectations based on current market conditions. If your property isn’t getting the traction you hoped for, it might be worth exploring alternative solutions until the condo market improves.

The good news? You have options! Whether it’s adjusting pricing, exploring seller financing, or creative marketing strategies, I’m here to help you find the best approach for your situation.

Featured Listing

✨Pearlridge Square—Bright, Convenient, & Full of Potential! ✨

Following the Market update above………….. and here you go~🤔💡

📅Open house on May 8th, 2:00 to 5:00 PM—don’t miss out!

98-288 Kaonohi Street #1107, Aiea 96701

The “A-PEELE-ING” Edge

Why Timing Is Everything: The Worst Months to Sell Your Oahu Home

Oahu's real estate market is shaped by distinct seasonal patterns that can significantly impact your selling strategy. If you're a homeowner considering when to list your property, understanding these cycles is crucial to maximizing your sale price and minimizing the time on the market. Read full post here.

Summer in Oahu: Less Traffic, More Fun

& a Giveaway! 🎉

It’s officially summer in Oahu—no school, less traffic… but wait, is that why there was traffic in the middle of the afternoon in town?! 🤔

Also, does anyone else remember when summer used to be three months instead of two? I swear we had way more time to be wild and free! But honestly, I’m not complaining—my kids are off visiting their dad on the mainland, which means I’m kid-free for the summer.

At first, I’m excited—no mess, no noise, no sticky boy smell. But give it a week, and suddenly I miss the chaos. 😂

Before they left, we did our monthly family fun day at the NEW Dave & Buster’s in Ala Moana! If you haven’t been yet, it’s worth checking out—new games, and yes, the human claw machine is real! We went on a Wednesday (because thankfully, they still offer half-off games). Pro tip: Drop $100 on tokens on a Wednesday, and the kids will play for 1.5 hours. Go on a regular day? They’ll be done in 30 minutes flat. 😅

To kick off summer, I’m giving away a $100 Dave & Buster’s gift card! 🎉

How to enter: Head to my IG page @JenniferPeeleRealtor, follow me, and be the first to comment with the name of the game in the picture! (P.S. It’s my new FAVE game!)

Hope you’re all enjoying the start of summer—whether you’re kid-free like me or deep in the chaos! 😆

Stay Inspired,

Discovery Call

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