Waialae-Kahala Condo Market Analysis

The Waialae-Kahala condo market remained tilted toward sellers in September 2026, although the latest indicators present a mixed picture. Months of inventory declined 15.38% from the previous period to 2.75 months, well below the six-month level generally considered balanced. This suggests that available supply remains limited relative to the current pace of sales, giving sellers an advantage. Buyers may face fewer choices and greater competition for well-priced properties, while sellers should recognize that limited inventory does not guarantee a quick sale.

The sold-to-list price ratio was 98.5%, meaning condos sold for an average of about 98.5% of their asking price. Although the ratio slipped 0.47% from the previous period, it remains close to 100% and continues to indicate relatively strong demand. Sellers who price realistically may have less need to make substantial concessions. Buyers, however, may find some room to negotiate, particularly when a unit needs updating, has higher carrying costs, or has been listed longer than competing properties.

Median days on market increased 17.31% to 61 days, showing that the typical sale took longer to complete than in the prior period. For sellers, this reinforces the importance of accurate pricing, thoughtful presentation, and patience; even in a low-inventory market, buyers appear to be taking more time before committing. For buyers, the slower pace may create opportunities to conduct careful due diligence and negotiate on properties that have not attracted immediate interest.

The median sold price rose 1.1% to $621,500, pointing to modest price appreciation rather than a sharp upward move. This is encouraging for owners because values have remained resilient despite longer marketing times and a slightly lower sold-to-list ratio. Buyers should keep in mind that the median reflects the mix of condos sold during the period and does not mean every property increased in value. Building condition, unit size, renovations, views, maintenance fees, insurance considerations, and leasehold or fee-simple status can all materially affect pricing in Waialae-Kahala.

Taken together, the September figures suggest a seller-leaning market that is becoming somewhat more deliberate. Falling inventory and a near-100% sold-to-list ratio support sellers, while longer marketing times and a modest decline in the price ratio suggest buyers are not accepting every asking price without scrutiny. Sellers may benefit from limited competition but should avoid overpricing, while buyers may need to act decisively on desirable units without giving up careful evaluation of the property and condominium association.

Real estate conditions can shift quickly due to interest rates, insurance costs, economic changes, new inventory, building-specific issues, or other unforeseen factors. Anyone considering a purchase or sale should evaluate current data alongside their individual goals and circumstances. For personalized guidance on navigating the Waialae-Kahala condo market, Christopher Breen can serve as a resource for interpreting the latest conditions and developing an appropriate strategy.