Ryan Oda

Here are our real estate updates for June 2021.

COVID-19 decimated Hawaii's economy. Since people are fearful of traveling, tourism slowed down. Since tourism slowed down, there was a lack of spending and economic growth. Since there was a lack of spending, there was a shortfall in tax revenue. As we made our way through 2020, it was apparent that construction and real estate were two essential industries. Despite high rates of unemployment, our housing market was firing on all cylinders. In certain neighborhoods, like Kap

I recently had a new client meeting. While discussing the purchase process, my friend asked, “Does real estate slowdown during Christmas break?” The Honolulu Board of REALTORS® recently released December’s housing statistics. Interestingly, single-family homes and condo sales increased 14.8% and 23.8% respectively from the same time last year. In addition, to no surprise, the median sales price for both single-family homes and condos increased as well. People are speculating

It was recently announced that Ho'opili will break ground this summer. The project developer will be D.R. Horton - Schuler. Ho'opili is expected to add 11,750 units over the next 20-25 years. The project covers 1,600 acres of land located in West Oahu. 30 percent of Ho'opili's homes will be affordable. Ho'opili is more than a track of brand new homes; it's a planned community. Similar to the development of Hawaii Kai and Mililani, Ho'opili is planning to add 5 public schools,