Oahu Market Update – Kirsten & Jasmine’s Take

If you’re thinking about buying or selling a home this year, you may have questions about what’s happening with home prices today as the market cools. In the simplest sense, nationally, experts don’t expect prices to come crashing down, but the level of home price moderation will depend on factors like supply and demand in each local market. The median single family home here on Oahu still showed an increase in sale price by 9.5%, year-over-year, up to $1,149,500 while for a condo they have dipped, year-over-year by 4% to $480,000.
Here in Hawaii, we are seeing a larger inventory of active homes on the market, 175% for single families and 45% for condos priced $400,000-$2,000,000 (condos priced under $400k are actually down 11%, most likely because prices have risen)  – this is not because an influx of homes have newly been listed, but rather homes are sitting a little longer on the market. We never truly see a “buyer’s market” in Hawaii as there is never enough supply, but the market has been stabilizing, similarly to the mainland.
What does this mean for Hawaii homebuyers? This is actually a GREAT time to purchase, why you ask? Because a year ago, up front you were not only paying your down payment and closing costs, but frequently, you were also covering appraisal gaps, termite fees, etc. Today, the number of single-family homes selling over asking has decreased 73% and for condos 68%. This gives buyers loads more negotiating power – allowing us to get you a better deal! While we are seeing listing priced sales, we are actually seeing significant seller concessions – where the seller is helping cover closing costs and interest rate buydowns for the buyer. And if you’re getting a VA loan – man there’s even more we can put money towards! (Email us we’re happy to elaborate) The VA allows upto 4% of the purchase price!

For sellers, your life situation might mean you need to sell. (However, we might try to talk you out of it ;)) But if you are going to sell – make sure your property is the STAR of the show. Now is the time that great listing agents are super important! The beautiful, shiny properties are still moving, may have multiple offers and the need to negotiate, is slimmer. The right agent knows how to properly market and sell your property so people are excited and offers come in. Here is an example of one of our previous listings and one of the marketing  efforts we put towards our listings! Hawaii Home Group Listing Landing Page

So with all that said, if you’re thinking of buying or selling, but the media has you nervous, reach out, let us help run the numbers to see if now is the right time. 

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Read Our Reviews

Hawaii Home Group is rated 5 out of 5.0 stars based on 9 review(s).


Jasmine and Kirsten went above and beyond what I ever expected or experienced from a realtor before! We were provided several different realtors by friends on island but Jasmine and Kirsten stood out. Before we arrived they were driving all over the island and FaceTiming us with houses that we were interested in. Getting to know our likes/dislikes so they could understand what we wanted in our perfect house. Once we arrived on island for a short house hunting trip we were greeted with a warm welcome and hit the ground running with houses lined up to see in person. Buying a house is definitely stressful in any situation, more-so in Hawaii with limited options and million dollar transactions. They eased a lot of our stress and never made us feel like we were a burden with our 101 questions. We closed a month ago and Jasmine and Kirsten still contact us to see how we’re doing and if there’s anything we need. Glad I found them as my realtors and even happier that I have found new friends. Above and Beyond Team!

- Heather & Derek


The team of Hawaii Home Group has done an exceptional job in welcoming my family to the island of Oahu. They offer nothing but kindness to us by showing homes in many different locations plus sometimes even treated to lunch when time allowed it. Their advice a which home would fit our needs was essential in guiding our decisions on selecting our first home in Hawaii. They investigated every single possible home we looked even before we step into properties to assure, we were not blinded by any unknow factors. The digital products created by the team to assure all calendars and viewing were essential in making sure our closing date arrived smoothly. I can truly say this team treated as us family every step of the way making us feel welcomed to the island. We are grateful and thankful for everything your team provided to our family. Mahalo Sincerely, Alexander Fernandez

- Alexander Fernandez


Jasmine and Kirsten, are great realtors. We started looking for a home when we decided to move to Hawaii. They listened to our needs and would always send us new and hot properties. When we finally found the right home they got our offer accepted. I strongly recommended that you work with them. They are definitely the agents that you want on your side during your home purchase!

- Rich Chavez


We could not be happier with our choice to have Jasmine & Kirsten every step of the way. From open houses, to promptly assisting us with our 1st and FINAL offer(!!!), to sitting through hours of inspection, from advocating for credits we didn’t even think to negotiate, to tackling last minute hurdles from the HOA, these ladies were so responsive, detailed and dialed in. Every single question, doubt, worry was handled gracefully with ease, I felt like we had the best team assisting us in the biggest purchase of our life. It takes a lot of trust to listen to suggestions from someone new, but once we realized they were in this business to represent our best interest, recommending the best of the best, we put our faith in them and felt so well cared for. We were able to sit back and enjoy the home-buying process, crazy as it sounds, it was actually very fun! Our calls and communication were always collective- we loved that, we always felt included and listened to, we made the decisions, but we leaned on them for their advice and expertise- we were not disappointed. Time can be of the essence when purchasing a home, they worked nights and weekends pulling through details for us- their efforts really made a difference for us. We can’t thank Jasmine and Kirsten enough, they work so hard, they know their contracts and they know their contacts- they really shined through for us. Trust them, have fun, enjoy the unique and incredible opportunity to buy in Hawaii. Hawaii Home Group is 5 stars in our book- we were so lucky we found them!!

- Kayla & Ken



- Test


Kirsten is the best realtor I ever worked with. She earned my trust instantly by listening to me and helping me to figure out what I wanted. Her partner Jasmine was there to help and support as well, so we always felt informed and covered. I don’t use social media and never write reviews, but Hawaii Home Group is the exception.

- Jodie Austin


Jasmine and Kirsten were incredible! They made the stressful process of selling a house an absolute breeze! When we decided to sell our house, we had low expectations for our outcome. BUT Jasmine and Kirsten greatly exceeded our expectations! The amount of care and effort that they put into a listing is made evident by the amazing results. If you want your best chance at maximizing your value in buying or selling a home, choose Jasmine and Kirsten! They know how to take care of their clients! :)

- Collin & Quinn Williams


Everything was great from the beginning to the end process.

- Michael Kadwell


Great team to work with. Knows what we looking for.

- Jenny Lin