A truly exceptional Ossipoff-designed home is now on the market, offering a rare opportunity to own a piece of Hawaii’s architectural history. Located at 5112 Maunalani Circle, this single-story residence boasts breathtaking views of Kahala, Diamond Head, and Waikiki, in a serene and private setting.

Designed by the renowned architect Vladimir Ossipoff, the home showcases his signature modernist style, seamlessly blending mid-century modern aesthetics with the natural beauty of its surroundings. Ossipoff, a pioneer of modern architecture in Hawaii, is celebrated for his innovative designs that have had a profound impact on the state’s architectural landscape. His work includes iconic structures such as the IBM Building, State Office Building, and the Board of Water Supply Building. These works of art, among others, exemplify Ossipoff’s ability to create functional and aesthetically pleasing spaces that are in harmony with their natural environments.

The Maunalani Circle property offers a harmonious blend of indoor and outdoor living spaces, with expansive windows that frame the stunning ocean views. A private pool provides a tranquil oasis for relaxation and entertaining. The home’s secluded location and well-hidden driveway ensure privacy and tranquility.

This unique property is a must-see for those seeking a truly exceptional and unforgettable living experience.

For more information or to schedule a private viewing, contact Sachi Hawaii:
(808) 596-8801 | info@sachihawaii.com

Today’s announcement by the Federal Reserve to lower interest rates has sent ripples through financial markets, potentially influencing the housing landscape in Hawaii. As a homeowner or potential buyer, you might be wondering how this decision could affect your local real estate market.

Understanding the Connection

Interest rates play a crucial role in the housing market. When rates are low, it becomes cheaper to borrow money for a mortgage. This can stimulate demand, leading to increased home prices. Conversely, higher interest rates can dampen demand and potentially lead to lower home prices.

Potential Impacts on Hawaii’s Market

Given the current state of Hawaii’s real estate market, characterized by a steady market with rising inventory, a Fed rate cut could have the following potential impacts:

Factors to Consider

While a Fed rate cut can have a significant impact on the housing market, it’s important to consider other factors that might influence Hawaii’s real estate landscape, including:

Hawaii’s real estate market is composed of diverse micro-markets, each with its own unique demand from local and international buyers. Consequently, the specific impact of the interest rate cut may vary significantly across these micro-markets.

The recent Fed rate cut presents a potential opportunity for buyers and sellers in the Hawaii real estate market. However, the exact impact will depend on a variety of factors. It’s essential to stay informed about market trends and consult with a real estate professional to make informed decisions.

Disclaimer: While this article provides general information, it is not intended as financial advice and does not provide any guarantee or warranty. Consulting with a real estate professional or financial advisor is recommended for personalized guidance.

To find out more about Hawaii Real Estate, contact Sachi Hawaii:
(808) 596-8801 | info@sachihawaii.com

In August, O‘ahu’s real estate market saw a notable increase in housing inventory, with single-family home listings rising by 27.1% year-over-year to 760 active properties, and condo listings up by 64% to 1,879. Despite these gains in inventory, sales were relatively stable compared to the previous year. Single-family home sales saw a slight increase of 0.4%, while condo sales experienced a 5% decline. Median sales prices showed modest changes, with single-family homes ending the month at $1,122,000—up 1.1% from the previous year—and condos at $500,000, marking a 2.9% decrease from August 2023.

Single-Family Home Resales

Condominium Resales

Source: HiCentral.com

The pace of sales remained consistent, with single-family homes spending a median of 14 days on the market, which is four days quicker than a year ago. Condos, on the other hand, had a median of 28 days on the market, an increase of 10 days from the previous year. In terms of sale prices, 30% of single-family homes sold above their original asking price in August, a slight decrease from 33% last year. For condos, only 15% sold above asking price, down from 26% in August 2023.

Inventory levels varied significantly across different regions. Single-family homes were predominantly listed in Diamond Head, ‘Ewa Plain, Leeward, and Metro areas, making up over half of the total active listings. Condo inventory more than doubled in several neighborhoods, particularly in the $300,000 to $599,999 price range. Overall, condo inventory has increased by over 50% in the past two years, with one- and two-bedroom units seeing the most significant rise. New listings also saw an uptick, with single-family home listings up 4.8% and condo listings up 14.6% compared to August 2023, offering buyers a broader selection across the island.