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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 )
Bloom Garden and Art FestivalSunday, April 21, 2024 , 10:00am-4:00pmSaturday, April 20, 2024, 10:00am-4:00pmHolo holo Ward Centre for Bloom! Garden & Art Festival on April 20th & 21st at East Village Shops in Ward Centre. From 10am to 4pm each day, discover flower and plant displays, shop for handcrafted goods, pottery, and more! PRICE:FreeLOCATION:Ward Centre (Genki Sushi side) and East Village Shops (former Pier1)1170 Auahi StHonolulu, HI  For expert Real Estate Sales and Pet Friendly Property ManagementIn Honolulu, HawaiiCONTACT HI Pro Realty TODAY! 
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Waikiki Honolulu, March 2024   Single Family Homes March Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales No Recorded Sales No Recorded Sales Median Sales Price $0 / $0  0% $0 / $0  0% Percent of Original List Price Received 0 / 0%  0% 0 / 0  0% Median Days on Market Until Sale 0 / 0  0% 0 / 0  0% New Listings 0 / 0  0% 0 / 0  0% Pending Sales 0 / 0  0% 0 / 0  0% Active Inventory 0 / 0  0% ---    Condos March Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 82 / 97  -15% 237 / 251   -6% Median Sales Price $440,000 / $470,000  -6% $435,000 / $403,750  0% Percent of Original List Price Received 97.9% / 97.3%  1%  97.0% / 97.0%  0% Median Days on Market Until Sale 33 / 31  6% 36 / 27  33% New Listings 170  / 150  13% 446  / 379  18% ...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
Aloha! This is David Buck with Harcourts Island Real Estate. Today is another Wednesday and we're going to cover another episode of We Need Inventory. The neighborhood of discussion today is Waialae Golf Course neighborhood. Every year I do a blog on the Sony Open and the homes along the golf course. Traditionally, every year there's several for sale... Read More
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By Barbara Abe
(East Oahu Realty)
Although many of Hawaii's public high schools struggle to meet the benchmarks for adequate yearly progress under the No Child Left Behind act, Kaiser High in Hawaii Kai was one of 3 to demonstrate progress this year. John Sosa, Principal of Kaiser, said one of the reasons is the more homogenous population of the students at Kaiser.  There isn't a significant portion of students coming from economically disadvantaged homes or requiring special education, said Sosa.  "We don't have a lot of subgroups because our population is pretty straightforward. When you have higher numbers of different subgroups, like most high schools do, you have a harder time making your AYP."  Aside from some high schools' larger, more diverse populations, Sosa said high schools also have to overcome student apat...
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August 5th, 2009 categories: Distressed Properties, Honolulu Real Estate 101 Brendt Montgomery has his 15 minutes of fame! Unfortunately, it may not be the way he wanted to get it.  Brendt volunteered his story for a recent Wall Street Journal article about mistakes that can be made by first time buyers not doing homework or rushing into a sale.  The entire article is worth reading, even if you are a seasoned buyer. “Luckily, there was a contractual loophole: His parents rescinded the down payment money that they were gifting him, so he no longer qualified for a mortgage. The agents involved didn’t press for the commission, but he lost his deposit.” CLICK HERE TO READ THE WALL STREET JOURNAL ARTICLE Not mentioned in the article, but important to consider, is the belief that if a buyer c...
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By Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
(Liberty Homes)
Bishop Museum in Honolulu Hawaii has been one of my favorite places to go for rich Hawaiian and Polynesian history with artifacts and information galore!  Bishop Museum always schedules grand events with all sorts of themes. They set up tents with local wares from artists and crafts for purchase and they usually have a music or entertainment part of the event and they use the large grassy area in the middle of the grounds for all to enjoy. The Bishop Museum Store has other wares such as puzzles, post cards, dolls, pictures and more! The following events are scheduled and I'm hoping to get to the grand reopening of the Hawaiian Hall! Summer 2009 is the time for big, big bugs at Bishop Museum! Backyard Monsters features six giant-sized moving robotic insects. Learn more here.  June 13 thr...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Part I: The Master Bedroom - A diamond in the rough.    The heroine of this master suite makeovers name has been changed for dramatic purposes to "Tiffany"; whose family is in the process of remodeling their Nu'uanu Condo. Tiffany and Co. needed help with design choices and contacted JDS Consulting for some Do It Yourself advice. After our initial consultation we determined that the new diggs would have a Modern, Contemporary Asian design aesthetic with an earth tone color palette to compliment the view. We also needed the space to potentially function as both a second home and or rental, so stylish durability was an important factor. We chose a delicious color palette of rich honey gold, espresso brown, and oatmeal neutral for the master bedroom and a smattering of polished strawberry ...
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By Keahi Pelayo
(KU Realty)
August 4th, 2009 categories: Rants & Riffs Its been a while since I posted on tourists from China coming to Hawaii.  Two things recently occurred to inspire me to write this post.  First, the Honolulu Star Bulletin and other local papers reported about Hainan Airlines application to offer service to Hawaii. “Hainan Airlines is seeking to begin weekly service to Hawaii this fall and eventually increase the frequency to three times a week. CLICK HERE TO READ THE ENTIRE POST.
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By Keahi Pelayo
(KU Realty)
August 3rd, 2009 categories: Honolulu Real Estate 101 Today’s Wall Street Journal laments that the upper end of the real estate market is still slow.  The recent good news of increased sales and, in some cases, prices is taking place in the low to moderate price ranges of a given market.  I get the sense that the WSJ crew sees this as a negative, however, after having been through a few of these slumps we are seeing the exact cycle that says to me we may be recovering.  In the past, entry-level sales pick up, then this increase translates to the mid-level markets and the last to take off is the upper priced properties. “Housing is fast dividing into two markets: Sales of low- and moderately priced homes are picking up and values have stopped falling in some parts...
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By Hawaii homes
(Century 21 iProperties Hawaii)
During summer the surf action is mostly on the south shore of Oahu.  We've had some great swells so far.  Overhead sets, light winds and lots of fun! Roy Vierra of RV's Surf Shop gave me a call and talked about the surf he's been catching at Ala Moana Bowls and Old Man's, including some overhead barrels!  Roy's a full sized guy so catching a barrel is really something, in other words we're getting some great surf this summer! Roy asked if I've been catching some waves. Yeah, there's been some fun stuff at Concessions at Ala Moana Beach Park.  I meet my brother in law first thing in the morning and then scoot off to work.  Diamond Head is another favorite as long as the wind is not too strong. Roy said the summer swells are bringing customers to his shop and board sales are doing well. ...
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July 30th, 2009 categories: Buying Honolulu Real Estate, Honolulu Real Estate 101 In previous posts, I have talked about the crazy appraisal rules enacted at the beginning of May.  The Wall Street Journal is now reporting that the rules have been creating problems. “New rules aimed at making home appraisals more accurate are raising costs and prompting longer waits to get to the closing table, some in the mortgage industry say.  The new rules — known as the Home Valuation Code of Conduct and in effect less than three months — have driven up the cost of appraisals, says Keith Stewart, a mortgage consultant with NorthPoint Lending Group in Chicago.” CLICK HERE TO READ THE WALL STREET JOURNAL ARTICLE Since we have to live with these rules, it is becoming more imperative that both buyers an...
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By Keahi Pelayo
(KU Realty)
July 29th, 2009 categories: Honolulu Real Estate 101 Pacific Business News is reporting the slowing of a recent trend by longtime house owners down sizing to condominiums. “During the most recent condominium construction boom, many people sold their houses on Oahu and moved into brand-new condominiums in and near downtown Honolulu.  Today, with nearly all of the developer units sold, the downsizing trend has leveled off as investors line up to buy properties in town.” CLICK HERE TO REAL THE PACIFIC BUSINESS NEWS ARTICLE Here is my perspective, CLICK HERE TO READ THE ENTIRE POST.
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By Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
(Liberty Homes)
Downtown Honolulu!  It's where you'll find the Business District of Honolulu where you'll find the federal, state and district courts and businesses and Honolulu's Chinatown, with an array of local vendors and shops. Fruits, vegetables, roast chicken and duck, char sui and roast port. Chinese Restaurants, jade and jewelry, Chinese gifts, Feng Shui Stores, Bamboo plants and arrangements, clothes, flowers and more. So much more!  READ MORE HERE>>  History of Chinatown & Historic Honolulu County Hawaii CHINATOWN incorporates a rich mixture of cultures but maintains a sense of identity. Before my daughter and I went shopping  for produce in Chinatown in Honolulu and we found a wedding shop along the way. We popped in just for a peek. At that time it was a couple of months before she was to ...
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By Michael Hege, R
(Beach Villa Realty,LLC)
Enjoy the Best of Oahu !                                                To view the current listings Click here .For the discriminating buyer, the possibility exists that we have now entered the best market to purchase Exclusive properties in Hawaii in years. I've created a link to a website located at the top of this article to view these properties, but thought I'd also spend some time on why I believe the market may be perfectly positioned to acquire these properties now.                   As we sit today in the $5MM plus market, there are currently 38 properties available. In the past 6 months, there have been a grand total of 4 sales in this price range in the criteria that I am analyzing which is waterfront properties. The last 2 of these sales were recorded in March of 2009 with...
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July 28th, 2009 categories: Honolulu Real Estate 101 Sorry for the long lay-off on completing my twelve part series on preparing to sell your Honolulu home.  This installment threshes out number nine on the list. 9.  Ask a courageous person to visit your home and be brutally honest about the good, the bad and the ugly parts of your home. Note the use of the word courageous!  I say this because it takes courage to walk into somebody else’s home and tell the truth about how it looks, feels and smells.  This is important because the longer you live in a home, the more numb you can become to its’ small problems.  This person will literally sniff out the things a qualified buyer may sense when they visit for the first time.  Here is what you want your “secret shopper” to look for. CLICK HERE...
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By Keahi Pelayo
(KU Realty)
July 27th, 2009 categories: Honolulu Real Estate 101, Rants & Riffs According to Pacific Business News, Hawaii has the more millionaires per household than any other state in the union. CLICK HERE TO READ HONOLULUREALESTATEVIEWS.COM
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
Although this spring started off slow, the Diamond Head market is pickup up heat this summer! Not only have listings that were sitting for awhile selling, they are commanding several million dollars from buyers from the East Coast, Japan & Europe.  Here's some recent sales: May 27th, 2009 - 3003 Kalakaua Ave. #9B Sold for $3,000,000 June 26th, 2009 - Coral Strand PH2 Sold for $2,625,000 June 30th, 2009 - 3207 Noela St. Sold for $5,375,000 July 15th, 2009 - 3763 Diamond Head Rd. Sold for $3,850,000 July 23rd, 2009 - 3019 Kalakaua Ave. #5 Sold for $3,400,000 In addition, 3239 Noela St. is in escrow with an asking price of  $9,400,000! If you're looking for something special in Diamond Head, there are still a number of great properties for sale.  I live and own in Diamond Head. It's a grea...
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By Keahi Pelayo
(KU Realty)
July 24th, 2009 categories: Honolulu House For Sale Hard to believe, but true, a fee simple 2 bedroom 1 bathroom condominium, just 6 miles from downtown Honolulu for $199,000.  Here are the specific details. CLICK HERE TO READ THE POST AT HONOLULUREALESTATEVIEWS.COM
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By Barbara Abe
(East Oahu Realty)
Roy Yamaguchi, personable, talented, successful chef of Roy's Restaurants, started in Hawaii Kai 21 years ago, competed yesterday on the TV series Top Chef shown on the Bravo Network.  Roy owns 37 restaurants, a James Beard award, and is known worldwide for his excellent Fusion cuisine - a blend of Asian Cuisine and European technique.  He competed against 23 culinary peers, in a format of 4 chefs to an episode for 6 episodes.  Last night were the Quickfire and Elimination challenges.  The 6 chefs who win in the first round will compete until a winner is chosen,  The Quickfire challenge, "Aisle Trial," found the chefs competing against each other in a grocery store. The Elimination contest, "Trick in a Box," challenged them to make a meal based on ingredients in a mystery box.Yamaguchi'...
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July 23rd, 2009 categories: Honolulu Real Estate 101, Rants & Riffs Since the May 1 institution of an “appraiser code”, the real estate community has seen a large number of contracted sales fail due to low appraised values. Click here to read Honolulu Real Estate Views.
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By Keahi Pelayo
(KU Realty)
July 22nd, 2009 categories: Buying Honolulu Real Estate, Honolulu Real Estate 101 Whether you are thinking about buying or selling a property is Honolulu, I recommend working with an experienced member of the Honolulu Board of Realtors. Here is why. CLICK HERE TO GO TO HONOLULU REAL ESTATE VIEWS
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By Keahi Pelayo
(KU Realty)
 July 20th, 2009 categories: Buying Honolulu Real Estate, Honolulu Real Estate 101 Before we consider whether or not it is advantageous to buy a home in the Honolulu real estate market, let’s look at where someone might live that is considering a purchase. A buyer might meet one of these profiles. READ THE POST AT HONOLULUREALESTATEVIEWS.COM
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By Barbara Abe
(East Oahu Realty)
The 5th Annual Hawaii Kai Dog walk, held June 7, was a great success, even more so because it marked the 1st Anniversary of the Dog Walk held in the now-permanent Hawaii Kai Dog Park.  This year's theme was "Off Leash & Lovin' It".  The registration fees support Hui 'Ilio and proceeds after expenses went to support of the maintenance of the Dog Park and other dog park groups on the island.  This year the city agreed to use part of the park for activities - booths and vendors - which contribute greatly to the fun atmosphere of the walk. The 2.3-mile course starts and ends at the Hawai'i Kai Park and Ride - site of the Hawaii Kai Dog Park. The Route extends along Keahole to Hawaii Kai Drive and then to Kalanianole Highway and back to the Park and Ride. The Hawai'i Kai Dog Park was develop...
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