I frequently get asked, "Who is buying property in Hawaii?" According to the January - June 2024 statistics from First American Title, the majority of buyers on Oahu are U.S. residents, accounting for 4,262 transactions. In contrast, foreign buyers together made only 112 transactions.
If broken down by State, Hawaii Residents dominant the sales with 3492 transactions and the next closest state is California with 325 transactions. This indicates that residents of Hawaii account for nearly 82% of all sales occurring on Oahu.
Sales on the Neighbor Islands
If you were interested in seeing where Oahu stacks up next to the neighbor islands, the Hawaii Association of Realtors has compiled the year to date statistics. Although more transactions happen on Oahu, the highest prices will tend to be on the other neighbor islands with single family home medians for Kaua'i and Maui at over $1.3 million.
Home Owners Exemption filing September 30th
Home owners make sure you have filed your HOME OWNERS EXEMPTION for the City & County Real Property Assessment Division.
The link is: https://realproperty.honolulu.gov/
Please let me know if you need help or are unsure how to file your home owners exemption. This can help you save money on your property taxes if you are the home owner residing on the property!
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