New data shows 83% of Oahu property sales in 2025 went to local buyers, with short-term rental permits now restricted to resort zones like Waikiki. The condo market faces challenges from rising maintenance fees and surprise assessments that can reach tens of thousands.
- Short-term rental permits are now limited to resort-zoned areas like Waikiki and Ko Olina, pushing the market toward long-term residents.
- Local buyers purchased 83% of all Oahu properties in 2025, mostly for long-term occupancy rather than vacation rentals.
- Condo owners face rising maintenance fees and surprise special assessments that can cost $50,000 or more for major repairs.
- Despite high costs, condos remain one of the few viable homeownership paths for local residents in urban Honolulu.
Source: Hawaiibusiness
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