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Honolulu, HI Real Estate News

By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 This year’s festival will take place on April 27th from 10 am to 2 pm. This will be the 9th annual festival and will officially start after an opening ceremony by students of Ka Papa Lo‘i ‘o Kānewai. The day will follow with exciting guest speakers, ukulele performance, bird tours, spotting scopes, painting with Patrick Ching and much more.  Also making its first debut is a life size Manu o Kū, Ranger Rick, and Hina, the Monk Seal.  Grab a passport and participate in the exciting learning activitiesprovided by participating groups and agencies, all focused on native species, with the Manu o Kū as their ambassador for the day.The Manu O Kū Festival is an annual event usually held in May to coincide with theUS Migratory Bird Treaty Act.  The Festival takes place on the stately Coronation...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Makiki & Moili'ili Honolulu, March 2024   Single Family Homes March Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 9 / 14  -36%   20 / 23  -13%    Median Sales Price $1.35M / $1.5M  -10% $1.5444M / $1.5M  3% Percent of Original List Price Received 93.5% / 98.0%  -5% 97.2% / 95.7%  2% Median Days on Market Until Sale 43 / 14   207% 23 / 15   53% New Listings 19 / 11  73% 38 / 36  6% Pending Sales 7 / 10  -30% 24 / 31  -23% Active Inventory 43 / 24  79% ---    Condos March Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 36 / 41  95% 102 / 86  19%  Median Sales Price $385,000 / $430,000  -10%   $405,000 / $404,500  0%  Percent of Original List Price Received 98.1% / 97.9%  0% 97.4% / 97.8%  0% Median Days on Market Until Sale 26 /...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Ala Moana & Kaka'ako Honolulu, March 2024   Single Family Homes March Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 1 / 0  0%  2 / 0  0%  Median Sales Price $1.1M/ $0   0%  $1M / $0   0% Percent of Original List Price Received 96.5% / 0.0%  0% 94.7% / 0.0%  0% Median Days on Market Until Sale 38 / 0  0% 38 / 0  0% New Listings 1 / 0  0% 2 / 1  100% Pending Sales 0 / 1  -100% 2 / 1  100% Active Inventory 4 / 0   0% ---    Condos March Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 38 / 55  -31%  96 / 124  -23%  Median Sales Price $747,000 / $830,000  -10% $624,250 / $645,000  -3% Percent of Original List Price Received 95.5% / 95.9%  0% 96.2% / 96.6%  0%    Median Days on Market Until Sale 92 / 39  136% 45 / 41  10% New Listin...
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October 27th, 2009 categories: Honolulu Real Estate 101 With Trulia, Zillow and other sources for real estate information, I am reminded of the problems created by technology in the pre-911 world.  Prior to World Trade Center being hit, the USA’s intelligence community had been relying on our technological superiority in satellites and electronic eves dropping for intelligence on the bad guys.  After 911 it become critically clear that there is no substitute for human beings on the ground. CLICK HERE TO READ THE ENTIRE POST
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October 26th, 2009 categories: Honolulu Real Estate 101, Rants & Riffs The Honolulu Advertiser recently reported that Hainan Airlines was recently approved for weekly flights to Hawaii. “State tourism liaison Marsha Wienert said the first nonstop scheduled service from China to Hawai’i could provide a big boost for the long-anticipated increase in visitors from there.  Wienert said it could begin around the first of next year while the state and the airline earlier had hoped for a start date before the end of this year.  “It’s very good for us,” Wienert said Friday at a meeting of the Hawai’i Tourism Authority. With Hawai’i tourism struggling out of a slump, officials are looking to China as a much needed new market.” CLICK HERE TO READ THE ENTIRE POST
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By Jane Peterson
(Alliluja)
To tell you the truth I’m not so keen on financial news (it's more interesting for me to follow real estate market and especially homes for sale by owner in our local news) or on stuff of this kind, but thanks to my husband who is really crazy about I know more or less update info about the financial situation in the country. Yesterday for example he was trying to explain the fact that the banks are likely to cut mortgage rates because the government has increased the prices in bonds markets. Firstly he explained everything about bond markets and their connection with mortgage rates. According to his words, banks and lenders will low the rates as they don’t want to lose their profits. Everything is going on because of the swap rates and very soon we will be offered low cut mortgage rate...
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October 23rd, 2009 categories: Honolulu Real Estate 101 Brian Boero, of The 1000 Watt Blog, visited a Realtor fear that was running rampant as the Internet began to gain momentum in the mid-1990’s.  I can remember Realtor concerns that the Web was going to make us irrelevant.  Essentially, the thought was that if all of the Honolulu home and condo listings were available online, then why would a consumer need a real estate agent?  I can’t tell when it happened, but it seems this fear has dissipated and we Realtors are now able to be much more efficient at selling properties. “In fact, according the California Association of Realtors 2009 Buyer Survey, 90% of all buyers became aware of the property they eventually bought through their agent.That tells me the 15-year war over listings dat...
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By Keahi Pelayo
(KU Realty)
October 21st, 2009 categories: Honolulu Real Estate 101 Here is a good update on national construction trends. CLICK HERE TO READ THE ENTIRE POST.
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October 20th, 2009 categories: Honolulu Real Estate 101 As a Honolulu Realtor, I have generally believed that owning your home or condo is better than renting it.  There are too many benefits to home ownership, however, a recent Washington Post article, made me think again. CLICK HERE TO READ THE ENTIRE POST.
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By Keahi Pelayo
(KU Realty)
October 19th, 2009 categories: Buying Honolulu Real Estate, Honolulu Condominiums, Honolulu House For Sale These six Honolulu properties were listed over the weekend.  Though I haven’t seen them, they look interesting on paper.  Check them out. Honolulu Homes Moanalua Gardens, 3 bedroom 1.5 bathrooms, $539,000 CLICK HERE TO READ THE ENTIRE POST.
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Short Sales Lender’s Sales Foreclosures Single Famly Homes Honolulu to Hawaii Kai Address Nbrhd Lnd SqFt Liv SqFt BR FB YB LT List Price $ SqFt 594 Kealahou St KALAMA VAL 6,123 1,938 5 2 1974 LH $350,000 $180.60 2057B 10th Ave PALOLO 1,776 1,364 3 2 1960 FS $399,000 $292.52 1446 Maloo Pl KALAMA VAL 3,914 1,252 3 2 1984 FS $489,000 $390.58 2333A Palolo Ave PALOLO 5,005 1,446 4 2 1957 FS $515,000 $356.15 7739 Waikapu Lp KALAMA VAL 5,597 1,674 4 2 1973 FS $599,000 $357.83 803 20th Ave KAIMUKI 2,500 884 3 2 1978 FS $625,000 $707.01 839A 21st Ave KAIMUKI 6,098 1,334 3 2 1950 FS $649,000 $486.51 2594A Kekuanoni St PAUOA VALL 5,780 1,820 5 3 1961 FS $699,000 $384.07 1048 Kaupaku Pl MARINERS R 8,408 2,723 5 3 1975 FS $700,000 $257.07 1322 Lunalilo St 1 MAKIKI ARE 1,636 2,347 5 3 2004 FS $710,00...
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By Frank Diaz http://www.hawaiihome.biz
(East Oahu Realty)
Short Sales, Lender’s Sales Foreclosures Townhouses Condos Honolulu to Hawaii Kai LH = Leasehold, not fee simple Address Nbrhd Bldg Name Int SqFt Lanai BR FB YB LT List Price $ SqFt 1888 Kalakaua Ave PH3801 WAIKIKI Waikiki Landmark 4,286 284 3 3 1992 FS $2,900,000 $676.62 425 South St MAUKA/4004 KAKAAKO One Waterfront Tower 1,725 0 2 2 1989 FS $898,888 $521.09 1177 Queen St 1809 KAKAAKO Koolani 1,392 0 3 2 2006 FS $874,000 $627.87 425 South St MAUKA/704 KAKAAKO One Waterfront Tower 1,470 155 3 2 1989 FS $720,000 $489.80 1298 Kapiolani Blvd II-4207 KAKAAKO Moana Pacific 1,113 444 2 2 2007 FS $699,000 $628.03 1288 Kapiolani Blvd I-1703 KAKAAKO Moana Pacific 1,204 42 3 2 2007 FS $669,000 $555.65 123B Maunalua Ave 16 NAPUA POIN Napua Point 1,628 47 3 2 1980 FS $599,000 $367.94 7012 Hawaii K...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 Is your curb appeal giving potential buyers the fright & flight syndrome? Is the situation in your yard, grave and bone chilling?Why not fill it with Snakes*, Spiders*, and Monsters* and turn that ghoulish haunt of a yard into a tropical paradise!Try adding some easy, low maintainence, tropical warmth with SNAKE plants, SPIDER Lily's, and MONSTERA deliciosa and really get buyers attention!   *SNAKE Plant, (Sanseveria trifasciata)The Snake plant is so named because of the shape of its vertical growing, snake like leaves. Also known as mother-in-law's tongue because of it's pointy sharpness. In Japan it is known as Tiger's Tail and in Brazil it is commonly known as espada-de-são-jorge (sword-of-saint-george). A yellow-tipped variant is known as espada-de-santa-barbara (sword-of-saint-bar...
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October 16th, 2009 categories: Honolulu Real Estate 101, Rants & Riffs A Forbes on-line article started me thinking about selling a home when it is not worth the value the owner paid for it.  The article makes it seem really easy to rent it until the price of the home rises to the point that the home can be sold at a profit. CLICK HERE TO READ THE ENTIRE POST
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By Douglas Fischer
(East Oahu Realty - Selling Honolulu, Hawaii Condos)
Although every single condo building located in Waikiki, Honolulu is a short walk to the beach, and many offer amazing Pacific Ocean views, some condominium buyers want to be right on the beach! And, almost considered part of the Waikiki Beach Neighborhood is the Diamond Head or Gold Coast area, located just east of Waikiki and sandwiched between Kapiolani Park (where the Zoo is located) and the Pacific Ocean.    Although almost everthing in the Diamond Head area is waterfront, here are the buildings:  2987 Kalakaua 3003 Kalakaua 3019 Kalakaua Castle Surf Apartments Colony Beach Colony Surf Coral Strand Diamond Head Ambassador Diamond Head Apartments Diamond Head Beach Hotel Kainalu Apartments Oceanside Manor Sans Souci Seabreeze Apartments Tahitienne Tropic Seas If you are looking for ...
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By Barbara Abe
(East Oahu Realty)
A recent poll released by Gallup and the Knight Foundation found several qualities which create a passion for the community by its residents, and Hawaii Kai fits them all. The study, "Soul of the Community," looked at 26 places and surveyed a random sample of more than 10,000 people (Hawaii Kai wasn't included - I guess the study heads didn't want a vacation on our islands).  They found that residents are most attached to their communities when they have fun places to gather (the ocean, the beach, the marina), there's a welcoming atmosphere (Aloha), and there are beautiful and green spaces (the ocean, the beach, the marina, the parks) to enjoy. As reported by RisMedia, "'While the pain from the recession is deep, other factors far outweigh economics when it comes to determining how emot...
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October 15th, 2009 categories: Honolulu Condominiums, Honolulu House For Sale Here are more interesting Honolulu home and condo listings that have come up for sale over the last days. CLICK HERE TO READ THE ENTIRE POST
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By Douglas Fischer
(East Oahu Realty - Selling Honolulu, Hawaii Condos)
Although every single condo building located in Waikiki, Honolulu is a short walk to the beach, and many offer amazing Pacific Ocean views, some condominium buyers want to be right on the beach!     So, here is a short list of condominium properties located in the Waikiki Beach area, that are waterfront, or located on the beach: Waikiki Shore Ilikai Apartments (on marina) Ilikai Marina (on marina) Foster Tower Waikiki Beach Tower         Next time, we'll take a look at the beach area, just east of Waikiki, known as Diamond Head, or the Gold Coast area, where nearly everything is waterfront.    
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October 14th, 2009 categories: Honolulu Real Estate 101, Rants & Riffs In the past I have separated the Honolulu real estate market from the respective markets of the neighbor islands.  Generally, Oahu’s diverse economy has helped it to fair much better in the midst of a slow down in tourism.  The outer-islands are very tied to the travel business and therefore, they seem have experienced a much more dramatic negative hit in this recession.  The Maui News is reporting that there are signs of improvement in the Maui real estate market. CLICK HERE TO READ THE ENTIRE POST.
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October 13th, 2009 categories: Honolulu Condominiums Just listed!  Located on the slopes of Punch Bowl, you will buy this very clean apartment because of the magnificent unobstructed views from downtown Honolulu, to the airport and ocean.  Two stories of floor to ceiling glass facilitates this breath taking painting! CLICK HERE TO READ THE ENTIRE POST http://honolulurealestateviews.com/2009/10/13/honolulu-condo-for-sale-it-is-all-about-the-view/
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Going turn key: attracting vacation renters with your rental units.  There are many factors that should be considered when determining to go turn key with your rental unit. As every property has it's own unique strengths and challenges it is best to consult with an experienced property manager before fully furnishing your rental unit as a vacation rental. This post examines from my personal experience some important issues to consider before adding everything from soup bowls to nutcrackers to your investment property. As a Real Estate Merchandiser working mainly in property management, I often see different types of rental units in various conditions. Everything from unfurnished long term to turn key short term vacation rentals and condotels. The former are typically a lot less time con...
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By Frank Diaz http://www.hawaiihome.biz
(East Oahu Realty)
Short Sales, Lender’s Sales, Foreclosures, Single Famly Homes, Condos and Townhouses from Honolulu to Hawaii Kai week of October 12 LH = Leasehold, not fee simple Address Nbrhd Lnd Sqft Liv Sqft BR FB YB LT List Price 594 Kealahou St Kalama Val 6,123 1,938 5 2 1974 LH $350,000 2057B 10th Ave Palolo 1,776 1,364 3 2 1960 FS $399,000 1446 Maloo Pl Kalama Val 3,914 1,252 3 2 1984 FS $489,000 3276 Palolo Terrace Pl Palolo 3,586 982 3 2 1947 FS $510,000 2333A Palolo Ave Palolo 5,005 1,446 4 2 1957 FS $515,000 7739 Waikapu Lp Kalama Val 5,597 1,674 4 2 1973 FS $599,000 5372 Kalanianaole Hwy Aina Haina 11,926 2,499 6 3 1947 FS $604,000 803 20th Ave Kaimuki 2,500 884 3 2 1978 FS $625,000 839A 21st Ave Kaimuki 6,098 1,334 3 2 1950 FS $649,000 2594A Kekuanoni St Pauoa Vall 5,780 1,820 5 3 1961 FS ...
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October 8th, 2009 categories: Honolulu Real Estate 101 I am generally an optimist.  I believe that in most things, silver linings can be found.  Over the last few months we have seen a trickle of good Honolulu real estate news (increasing sales and shrinking inventory as an example) turn into a stream.  As long as a buyer is a long-term investor, I am always comfortable buying now. CLICK HERE TO READ THE ENTIRE POST
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