As noted by the Honolulu Board of REALTORS®’s report, “‘In 2023, O‘ahu’s housing market felt the acute impact of rising mortgage rates and limited inventory,’ said Fran Gendrano, president of the Honolulu Board of REALTORS®. ‘The cooling market activity we first experienced in 2022 carried over in 2023, as sales volume continued to mellow out […] The post Caron B Realty’s 2023 Highlights appeared first on Caron B Realty International - Luxury Homes in Hawaii ..read more

As noted by the Board of Realtor’s report, 2022 was a year of transition for Oahu real estate. Inflation, interest rate hikes, continued low inventory, and other factors drove year-end median prices above those of 2021, while sales and new listings declined. While the market was down 20% overall, our business at Caron B Realty […] The post Caron B Realty’s 2022 Highlights appeared first on Caron B Realty International - Luxury Homes in Hawaii ..read more

Compared to the same period last year, the median price of rental properties increased slightly. The number of rentals increased marginally overall, but significantly (23%) in the luxury market. Inventory remains lower than in the fall but notably higher than it was in winter of 2021-2022. Rentals Available as of January 30: 709 Long Term […] The post Rental Market Overview: January 2023 appeared first on Caron B Realty International - Luxury Homes in Hawaii ..read more

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 […] The post Rental Market Overview: November 2022 appeared first on Caron B Realty International - Luxury Homes in Hawaii ..read more

What does “clean” mean in real estate? It depends on who you ask. What a Property Manager considers clean might be very different from what a tenant considers clean. There are also different definitions of clean in real estate. Read on for information about what clean means when in comes to vacating a rental property. […] The post Properly Cleaning a Rental Property Before Vacating appeared first on Caron B Realty International - Luxury Homes in Hawaii ..read more

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 […] The post Rental Market Overview: October 2022 appeared first on Caron B Realty International - Luxury Homes in Hawaii ..read more

Four Things to Never Let Your Tenants Do Whether you’re a property manager or an owner managing your own property, handling tenants can be a challenging process that takes knowledge and skill. While it’s important to develop a good relationship with your tenants, you must also set firm boundaries regarding what they are and aren’t […] The post 4 Things to Never Let Your Tenants Do appeared first on Caron B Realty International - Luxury Homes in Hawaii ..read more

We are waiting to see what will happen with the long-term rental inventory  come the end of October when the new law limiting short term rentals changes from 30 to 90 days and longer. It is expected that we will see an increase inventory as the majority of short-term rentals will change to long-term. The number […] The post Rental Market Overview: September 2022 appeared first on Caron B Realty International - Luxury Homes in Hawaii ..read more

Is it better to rent out long-term or month-to-month? Deciding how to lease out your rental property depends on your current situation and your goals. Read on for the pros and cons of each; to discuss professional management of your property, call our office at (808) 593-9826. Month-to-Month + More flexibility + Extension of a […] The post Long-Term vs. Month-to-Month Leasing of Your Rental Property appeared first on Caron B Realty International - Luxury Homes in Hawaii ..read more

We are waiting to see what will happen with the long-term rental inventory  come the end of October of this year, when the new law limiting short term rentals changes from 30 to 90 days and longer. It is expected that we will see an increase inventory as the majority of short-term rentals will change to […] The post Rental Market Overview: August 2022 appeared first on Caron B Realty International - Luxury Homes in Hawaii ..read more