June in Honolulu

Nathalie's Newsflash

“Nobody in the world, nobody in history, has ever gotten their freedom by appealing to the moral sense of the people who were oppressing them.”
-Assata Shakur

June historically brings such joy in my life as the gateway to summer. Not coincidentally, the wedding anniversary of my beloved spouse and I falls on the Summer Solstice in June, also known as the longest day of the year in the Northern Hemisphere,  I love the sunshine and the seasonal uptick in real estate activity. I also enjoy feeling this sweet summer energy infuse creative intentions with increased opportunities for manifestation. 

June is also recognized as LGBTQIA+ Pride Month, National Homeownership Month, and the month in which Father’s Day and Juneteenth falls. All these imprtant themes feel very harmonious with the work that the Honolulu Board of Realtors’ Diversity, Equity, and Inclusion Committee focuses on, and I’m deeply grateful to acknowledge and celebrate the importance of Fair Housing Law and working to ensure the American Dream is available for everyone. In this month, what do you believe can be done on a local, state, or national level to hold space for conversations and communication with those who have a different lived experiences than you? 

Real Estate in the News

Housing affordability will be low through the rest of 2023, weighed down by higher mortgage rates and scarce inventory

Housing affordability will struggle through the rest of this year, Goldman Sachs warned.
The housing market faces pressure from higher mortgage rates and low inventory.
Strategists revised their forecast for home prices upwards to reflect a small decline this year.

Housing affordability will struggle for the rest of the year, thanks to high mortgage rates and scarce inventory, according to Goldman Sachs.

The investment bank revised its forecast for home prices to 2.2% decline in 2023, from its previous forecast of a 6.1% drop in prices.
"The tug of war between poor affordability and tight inventory will continue," strategists said in a note on Monday. "While we are cognizant of the tailwind from tight housing supply, we expect affordability will likely stay poor, ultimately pushing prices lower in 2023."

Read more at Markets Insider

LGBTQIA+ Pride Events throughout June and July

Check out the Hawai’i Legacy Foundation’s community calendar for the most up to date information on Pride events on all Hawai’i islands. From the Honolulu AIDS Walk to the Hilo Pride Lu’au, there are plenty of opportunities to honor the rich legacy of Pride in Hawai’i, and their Vision Without Limits Gala is a not to be missed event! 

Learn more here

King Kamehameha Day
June 11

For Kamehameha Day, multiple celebrations are taking place across the island. The special day honoring King Kamehameha has a long history, with the first one celebrated in 1872. Since then, we celebrate in ways that include parades, lei draping ceremonies and cultural activities. Here are five ways you and your ‘ohana can participate on O‘ahu.
Click here to learn more

46th Annual NĀ HŌKŪ Hanohano Awards

The Hawai‘i Academy of Recording Arts (HARA) and Nā Hōkū Hanohano Awards trace their origins to 1978. The public is invited to join as the Historic Hawaii Theatre becomes the state's grandest television studio when Hawaii's music industry recognizes our best and brightest stars on July 1, 2023.
Get tickets here

Honolulu Real Estate Stats

Sales Volume of O‘ahu Homes Picks Up Month-to-Month, Still Down Compared to 2022
Properties in both markets spend longer on the market, approximately three weeks.

The sales volume of O‘ahu homes improved month-over-month, rising 26.0% for single-family homes and 4.3% for condos in May. However, closed sales declined 23.8% for single-family homes and 36.3% for condos compared to the same time last year.

The median sales price for a single-family home ($1,109,000) was 3.9% below the current record set in May 2022 ($1,153,500). Similarly, on the condo side, the median sales price dipped modestly by about 2.2% from $516,500 in May 2022 to $505,000 in May 2023.

Single-family homes and condos spent two times longer on the market than last year at 21 and 20 days, respectively, compared to 10 days in 2022. However, more single-family home sales closed at the full asking price or more than in the past seven months.

Here is more detail about the O'ahu market in general, but please reach out to me if you want more specific information about a region or neighborhood.
Interested in a bridge loan or keeping an eye on the latest mortgage rates? Compare local lender rates throughout Hawai'i here, compiled by the Honolulu Board of Realtors and updated weekly. 

Read More from the Honolulu Board of Realtors

Champion Lifestyle & Local Tips

The Color Trends for 2023: Rich & Warm Natural Hues

It’s time to look at the color trends for 2023. The colors we use in our homes strongly reflect our personalities and style. While some people gravitate towards timeless and classic paint colors others want to go a bit bolder by adding vibrant color tones to their homes.

Each year, the color experts from all the leading paint brands in the world chose their Color of the Year and publish their Color Forecast. Often choosing one trending color accompanied by a color palette with hues that perfectly compliment the Color of the Year.
These trending paint colors don’t only show up as wall colors in our homes. But they are visible in every art form,  from fashion to graphic design and even technology. This year we see richer color tones compared to last years color trends, but we’re still getting color inspiration from nature.

Learn more at The Nordroom

Juneteenth
June 19

Juneteenth is a joyful celebration commemorates the true end of slavery in the USA, over 2 1/2 years after the Emancipation Proclamation. It is considered the longest running African-American holiday, and was recognized as both a Hawai’i state and federal holiday in 2021. Celebrate with trivia, a cookout, a community art and altar space, and more!

Hawai’i Small Business Development Center

The Hawaiʻi Small Business Development Center provides professional business advice, research and training to new and existing business owners. They provide a wealth of free and low cost information, and absolutely should be taken advantage of by all entrepreneurs in Hawai’i

Check out their services here

Iam Tongi Headlining Ohana Day Concert 

Get ready to party! Iam Tongi will be joining local favorite musicians at Turtle Bay on July 1-2 fresh from his big win in American Idol Season 21! Also featuring Spawnbreezie, Paula Fuga, Natural Vibrations, and more! Family friendly, with food trucks, drinks for 21+, and vendor booths galore!

Get tickets here

Fresh Local Listings

Ewa Gentry - makamae

91-1777 Makahehi Loop

3 BD   3 BA   1854 SF   $1,250,000

Kahala-Waialae

1487 Hiikala Place, #35

3 BD   3 BA   1678 SF   $1,449,000

Royal Summit

98-660 Papalealiʻi Street

4 BD   6 BA   3251 SF   $2,495,000

Enchanted Lake

612 Pamaele Street

4 BD   2 BA   1913 SF   $1,350,000

Waikiki

421 ʻOlohana Street, PH2

2 BD   3 BA   1829 SF   $2,000,000

Mahalo for reading and subscribing! How can I help you achieve your real estate goals?

Reach out to chat!

Nathalie Champion

GRI, MRP, e-Pro, PSA, CLHMS
RB-23526
nathalie@nathaliechampion.com
(808) 859-0027
COMPASS RB-23206

Rotary E-Club of Hawaii - Immediate Past President
Honolulu Board of Realtors - Diversity Committee Chair

Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.