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Honolulu, HI Real Estate News

By Keahi Pelayo
(KU Realty)
April 3rd, 2009 categories: Honolulu Real Estate 101, Rants & Riffs We have endured a great deal of bad news since the beginning of the economic mess in which we now find ourselves.  It was good to read in Pacific Business News that Hawaii has had an increase in the number of people employed by in the technology business. CLICK HERE TO READ THE ENTIRE POST.
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 Questions for Kimo: I would like to use Hawaiian indigenous plants to spruce up my curb appeal, where can I go to see them in a natural setting to get ideas?   It's not easy to recognize plants that are indigenous to Hawaii from the multitudes of imported varieties. However, If you are in the Honolulu area, a convenient place to find indigenous plantings in a natural albeit planned garden is the Lili'uokalani Botanical Garden in Nu'uanu.This startling oasis, just a few blocks from downtown Honolulu and it's towering skyscrapers, has a wonderful selection of native plants and trees to give gardeners inspiration. Many are labeled with their Hawaiian, Latin and common names in a beautiful park setting shaded by an expansive canopy of Monkey Pod trees.       Hawaiian White Hibiscus - Kokio...
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By Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
(Liberty Homes)
94-1063 Hoohele Street three bedroom, 2.5 bath home built in 2003 was JUST SOLD by Celeste "Sally" Cheeseman, Realtor-Associate® for Century 21 Liberty Homes. Referral by Willam E. Johnson, RE/MAX Associates in San Diego, CA.  THAT IS THE POWER OF ACTIVERAIN :)) Highlights of the home: 3 SPACIOUS  Bedrooms! 2 1/2  bathrooms  2 Car Garage Cat5  Cable wiring throughout home High Efficiency CARRIER Central Air Conditioning FULLY INSULATED HOME! Contemporary Steel frame (termite resistant) construction RAINBIRD Sprinkler system 1636 Interior SQ/FT  3,250 Land sq/ft. Built 2003 Additional Loft /Office Integrated underground drainage system Offering Price: $559,000   SOLD on March 30, 2009:  $540,000 (VA Financing)  My agressive marketing skills sold this property within the first 11days on ...
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April 1st, 2009 categories: Rants & Riffs A much-awaited decision on the State’s ability to sell any of the ceded lands that were grant to the State when Hawaii entered the United States in 1958 has been handed down. CLICK HERE TO READ THE ENTIRE POST.
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By Keahi Pelayo
(KU Realty)
March 30th, 2009 categories: Honolulu Real Estate 101, Rants & Riffs According to the Census Bureau, Honolulu’s population grew from 900,525 to 905,034 people from July of 2007 to the same in 2008.  Though it is a small amount of growth, it sure beats the shrinkage I hear some other states are experiencing. CLICK HERE TO READ THE ENTIRE POST.
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In May, 2004, the Polynesian Voyaging Canoe Hokule'a completed a month-long voyage of the Northwest Hawaiian Islands (NWHI).  The voyage was part of a multi-year educational effort called "Navigating Change," designed to encourage the people of Hawaii to be better stewards of our island home. The curriculum for grades 4 and 5 included teleconferences between the canoe and classrooms.  NWHI is now a national coral reef ecosystem reserve, and one of the largest marine conservation areas in the world, and the voyage was intended to show Hawaiians what the marine and terrestrial ecosystems of Hawaii once were.   The voyage also allowed research on the effects of human impact:  how land use changes the water and marine environments. The educational focus of Navigating Change was unique to Ea...
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March 20th, 2009 categories: Honolulu Real Estate 101, Rants & Riffs You may have heard that the Federal Reserve has put a plan in motion to buy 1.2 trillion dollars of long-term government bonds (that would be $1,200,000,000,000?).  The Wall Street Journal has an article outlining many of the issues. “Clearly it’s great news for homeowners looking to refinance, and for homebuyers seeking new loans. The Fed’s announcement has pushed down long-term interest rates, and that in turn has driven down mortgage rates. Rates on thirty-year fixed loans have dropped as low as 4.5% following the news. That’s a bargain by historic standards. Get ‘em while you can.” CLICK HERE TO READ THE WSJ ARTICLE My crystal ball says the following might come to pass. CLICK HERE TO READ THE ENTIRE POST
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By Keahi Pelayo
(KU Realty)
March 18th, 2009 categories: Honolulu Real Estate 101, Reasons To Sell If you are a landlord, you may want to read this article about rental rates in Honolulu. CLICK HERE TO READ THE ENTIRE POST.
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By Keahi Pelayo
(KU Realty)
March 18th, 2009 categories: Buying Honolulu Real Estate, Distressed Properties, Honolulu Real Estate 101, Honolulu Vintage Homes I finally found a decent explanation of the recently passed first time homebuyer tax credit.  In summary, “It ain’t a simple critter”.  In other words, if you are a first time homebuyer, don’t automatically assume that you will get a $8000 tax credit. CLICK HERE TO READ THE ENTIRE POST.
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By Keahi Pelayo
(KU Realty)
March 17th, 2009 categories: Views of Honolulu Pacific Business News wrote an article on some of Honolulu’s most interestingly designed commercial buildings. CLICK HERE TO READ THE ENTIRE POST.
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By Barbara Abe
(East Oahu Realty)
The Hawaii DLNR (Dept. of Land & Natural Resources) has published the Recreational Renaissance Plan, which proposes new and improved facilities at area harbors and beaches.  The Plan is proposed as House Bill 980 House Draft 1, and defined as "a rebirth in the way we care for our land and ocean recreational spaces, our natural and cultural resources, and the residents and visitors at Hawaii's State Parks, small boat harbors, boat ramps, hiking trails, natural area reserves, forest reserves and beaches."  The bill creates a new fund within DLNR which would allow the department to respond more quickly to contracting jobs. According to the East Oahu Sun, "East Oahu projects that are currently being proposed include those at Maunalua Bay Boat Ramp, Diamond Head State Monument Linear Park an...
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By Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
(Liberty Homes)
The Royal Kunia Community is a 270 acre master planned community located in Central Oahu and high above the Ewa plains.  Royal Kunia is a developement of partners, a joint venture partnership with Halekula Development Corp (a Horita company) and Castle & Cooke. They completed their first homes in 1988 and to date have built approximately 1,930 homes with the first of 2,000 more homes that are scheduled to be completed by 2010. The Royal Kunia Community Park has been completed and the second phase for the Community Center had their ground breaking ceremony this past November. The Royal Kunia Community Center is expected to commence building this year. Across from the park is the Royal Kunia Country Club and it's described as the most scenic golf course on Oahu. With a panoramic view hig...
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By Keahi Pelayo
(KU Realty)
March 16th, 2009 categories: Honolulu Vintage Homes This home is 200 feet from the water and is located at the foot of Diamond Head.  I am 99% sure that the home will be completely remodeled because the house behind it is going through a major remodeling.  So what makes this vintage? CLICK HERE TO READ THE ENTIRE POST.
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By Barbara Abe
(East Oahu Realty)
Even though this idea has been implemented by an agent from another firm, I thought it so timely that I wanted to share.  A realtor has organized real estate bike tours of Hawaii Kai on the 2nd Saturday of each month. As explained by KITV.com, "These tours allow buyers to see more of the neighborhood, conveniently stop and ask questions and is a great opportunity to learn about the neighborhood. Viewing real estate on bikes saves gas, cuts down on traffic, reduces greenhouse emissions and is great for the health. "The length of the tours depend on the number of homes open that particular day. Priority will be given to listings fitting the rider's parameters, that week's new listings and best buys. Tours will consist of homes mostly in the flat areas, although some hillside homes may be ...
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By Keahi Pelayo
(KU Realty)
March 12th, 2009 categories: Distressed Properties, Rants & Riffs I am trying to keep my cool!  The Honolulu Advertiser led an article today with this headline, “Foreclosure filings statewide soar 276%”!  If you are like me, at first blush my reaction was shock and dismay, but as I read the sneaky report I found that their headline was designed to sell papers. CLICK HERE TO READ THE ENTIRE POST.
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By Keahi Pelayo
(KU Realty)
March 11th, 2009 categories: Honolulu House For Sale, Honolulu Real Estate 101 I talk to people interested in selling their Honolulu home or condominium almost everyday.  Some of those sellers were formerly listed with another real estate firm and it is amazing to hear how poorly they were treated. From these conversations, I have determined that there are a number of signs that you might have the wrong agent.  If any of these apply to you, then you may want to interview a new company. CLICK HERE TO READ THE ENTIRE POST.
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By Robin McCann
(Robin McCann Realty)
The wetland area of Honolulu's Pearl Harbor bike path received a makeover with the help of Aiea Intermediate students as well as Pearl Harbor sailors in conjunction with the City and County of Honolulu.  The clean up and replanting of native plant life, such as the Hawaiian Morning Glory, was part of the Adopt-a-Block and Adopt-a-Stream program.  The project is a three-year plan (which began in October 2008) to reduce trash and invasive plant life by 80%. Sailors worked side-by-side with students to remove invasive plant life, replacing the vegetation with native species.  Native wetland plants were reintroduced to the area.  The native plants help to filter out pollutants before they reach the ocean harbor.  Honolulu city workers gave botany lessons to Aiea Intermediate School's eighth...
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March 10th, 2009 categories: Buying Honolulu Real Estate, Honolulu Real Estate 101 Biz Bites Blog is reporting that Alexander and Baldwin (A & B) is working on “Project X”.  For obvious reasons A & B did not give up all of the details, but I think they see opportunity in Honolulu’s low commercial real estate values. CLICK HERE TO READ THE ENTIRE POST.
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By Erelopro Out of Business, Relocation Professionals are out of business
(erelopro)
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By Hawaii homes
(Century 21 iProperties Hawaii)
Anekona Companies, the troubled developer of the Ilikai will see its interest in the property auctioned off on April 15th, 2009. Brian Anderson, owner of Anekona, bought approximately 343 of the Ilikai's rooms and commercial spaces in July, 2006.  One hundred and forty of the renovated rooms were successfully sold.  As the real estate market hit its peak and turned downward, Anekona was stuck with condotel units that it couldn't sell for a profit. Anekona's holdings at the Ilikai are currently 203 condo units and 16 commercial properties.  Before we all get excited about bidding at the auction, please note that the units will be sold in bulk.  Yes, one bidder can buy them all. Individual owners are a bit relieved, while also concerned about changes to come.  Part of the concern is with ...
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