Honolulu, HI Real Estate News

By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 The Celebrities and Their Pets Fashion ShowSaturday, September 23, 2023NEIL S. BLAISDELL EXHIBITION HALL12:00 pm - 3:00 pm Hele mai Young at Heart Expo to watch the Annual Celebrities and Their Pets Fashion Show presented by Al Waterson. The Hawaiian Humane Society will be present at this event with dogs available for adoption!Admission to The Young at Heart Expo is free and you can enjoy Fashion Show at 12 noon on September 23, as well as the other planned activities at the expo throughout the day. Enjoy great entertainment for the whole family; all ages will love it.  Meet the Celebrities and VIP’s in person, take photos and visit the adoptable animals.The Expo will be held from 9 a.m. til 5 p.m. and the Celebrities and their pets will walk the runway on the main stage at 12 noon on ...
Comments 2
By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Makiki & Moili'ili Honolulu, August 2023   Single Family Homes August Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 3 / 14  -79%  59 / 91  -35%  Median Sales Price $1.65M / $1.46075M   13%   $1.5M / $1.62M  -7%   Percent of Original List Price Received 101.1% / 101.9%  -1% 97.6% / 100.5%  -3% Median Days on Market Until Sale 21 / 14   50% 15 / 13  15% New Listings 11 / 16  29% 104 / 118  -12% Pending Sales 4 / 12  36% 74 / 100  -26% Active Inventory 33 / 25  32% ---    Condos August Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 56 / 55  2% 335 / 541  -38%  Median Sales Price $384,500 / $410,000  -6%   $405,000 / $410,000  -1%  Percent of Original List Price Received 99.6% / 99.1%  1% 98.8% / 100.0%  -1% Median Days on Market...
Comments 1
By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Diamond Head & Kapahulu Honolulu, August 2023   Single Family Homes August Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 13 / 23  -43%  85 / 145  -41%  Median Sales Price $1.2M / $1.339M  -10%   $1.360M / $1.405M  -3%  Percent of Original List Price Received 98.4% / 98.5%  0% 95.8% / 100.5%  -5% Median Days on Market Until Sale 19 / 16 19%  23 / 12  92% New Listings 20 / 23  -13% 126 / 177  -29% Pending Sales 17 / 17  0% 114 / 150  -24% Active Inventory 33 / 37  -11% ---    Condos August Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 9 / 7  29%  47 / 71  -34%  Median Sales Price $601,000 / $660,000  -9% $790,000 / $650,000  22% Percent of Original List Price Received 99.5% / 100.0%  -1% 99.5% / 100.0%  -1%    Median Days on M...
Comments 0
By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 Pillow Talk: the artful placement of pillows...Pillows, like people, come in many shapes, sizes, colors, and textures. Some are firm and supportive, others just want to be seen and fawned upon; affirming that even the outrageous and impractical have a place in the world of design.Pillows not only provide comfort, support, and a soft place to rest ones weary head, but these ubiquitous creatures give company to us in our most private spaces; laying about most exotically while expounding punches of color about the room. Sometimes these beasts are beaded and bear sequins, impossible fringe and tassels, that can strike fear in the hearts of men and passion in the minds of women.When selecting pillows for a room, choose colors from the present interior to give depth and draw the eye through ...
Comments 37
By Keahi Pelayo
(KU Realty)
October 7th, 2008 categories: Rants & Riffs A recent Bloomberg.com article predicts a stronger Japanese Yen.  Given the Japanese affinity for Hawaii, a strong Yen should spur visitors and those arrivals could translate to buyers of Honolulu homes and condos. CLICK HERE TO READ THE ENTIRE POST.
Comments 0
By Keahi Pelayo
(KU Realty)
October 7th, 2008 categories: Rants & Riffs Now that we have a signed BAIL OUT, Forbes has an excellent summary. CLICK HERE TO READ THE ENTIRE POST.
Comments 0
By Barbara Abe
(East Oahu Realty)
The grim economic news is even being reported here in Paradise, but things in Hawaii aren't so bad.  Of course, lots of people are upset about the stock market, but there are not so many foreclosures.  The real estate market island-wide presents a thoroughly mixed set of numbers, because the areas vary so widely in price, inventory, and style.  Hawaii Kai is more stable than most, and - being such a prestigious address in East Oahu - holds its value.  These numbers are exerpted from our wonderful Honolulu Board of Realtors monthly statistics.  Contact me for a free copy.   Hawaii Kai Single Family Sales 7 homes sold in Sept. this year, compared to 16 in 2007, for a median price of $665,000 vs. $847,500.Year-to-date, 121 homes have sold, compared to 178 last year, with a median price of ...
Comments 0
By Keahi Pelayo
(KU Realty)
October 6th, 2008 categories: Rants & Riffs, Views of Honolulu Here is another really good reason to live in Honolulu.  This is going to sound like a “shot” at neighbor island health care, but if you need immediate catastrophic health care on the Big Island, Maui, Molokai, Lanai or Kauai, it is very possible that you will need to be transferred to Honolulu. First, it takes time to arrange a medical flight and this could be a minimum of five hours from an incident. Garden at $5,395,000 Kahala home CLICK HERE TO READ THE ENTIRE POST
Comments 0
By Keahi Pelayo
(KU Realty)
October 6th, 2008 categories: Honolulu Real Estate 101, Rants & Riffs There are two goals with this blog.  The first is to inform and the second is to rant.  A recent Honolulu Advertiser article outlined a new law, Act 228, which adds another level of work for obtaining building permits for properties that have a home or structure 50 years or older (it applies to residential and commercial properties). “Act 228, which took effect in July after little public input, requires that property owners submit black-and-white archival prints to the State Historic Preservation Division of the Department of Land and Natural Resources before county building permits can be issued for work on buildings at least 50 years old.” CLICK HERE TO READ THE ENTIRE POST.
Comments 0
By Michelle Tucker ~ Pooler Real Estate, Rincon~Savannah~Richmond Hill
(!Daley Real Estate)
  Hanauma Bay Nature Preserve Honolulu Hawaii While on vacation last year to Hawaii, I was able to visit the most visited beach on the island - Hanauma Bay. A marine ecosystem located on one of the beautiful islands of Hawaii, 10 miles east of Waikiki. As tourist enter Hanauma Bay Natural Preserve, a short video welcomes you to the world of the marine life. The video goes into some Hawaiian history, what to do when you are in the bay and encourages you to help perseve the coral reef that has amazed visitors for decades. Koko Head Regional Park is a Nature Preserve dedicated to protecting the fragile marine life in the Bay. Hanauma is the first Marine Life Conservation District in the State.  Links: Hanauma Bay Nature Preserve Hanauma Bay History         author: Michelle Tucker original ...
Comments 11
By Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
(Liberty Homes)
It's been a very hectic week for my Real Estate business. Well, with one coming down the stretch for closing, another escrow opened for a buyer on Wednesday that alone has been very busy for me. I also have a listing that I put up last Sunday with showings EVERY single day this week so I am now prepared to take the rest of the afternoon off. And so I'll spend it by Blogging, working  writing and getting some form of relaxation. Many of my Hawaii Home Buyers are Military Relocating to Hawaii and it seems that during the past few months our market has slowed, then regained some ground, then slows again only to speed up once more. I am beginning to believe it's not just OUR LOCAL MARKET....but it is MY business that has steadily been successful this year.  I contribute my growth spurts to...
Comments 42
By Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
(Liberty Homes)
                              The Father Damien statue sits in front of the State Capitol Building in Honolulu, Hawaii. The one thing that I have always remembered from stories in my younger years is that Father Damien helped the people on the island of Molokai who suffered from Hansen's Disease (Leprosy). This statue was dedicated to Father Damien and in memory of the 7,200 victims of Hansen's Disease (and their helpers) who died in remote Kalawao and Kaupapa, land of the exiled. Their courage and compassion spared others from their own fate ....is what reads at the base of the statue. Following is a little history of Father Damien: He was born to a farmer's son at Tremeloo, Belgium as Jozef de Veuster. Damien joined the Missionary Congregation of the Sacred Hearts on Jnauary 3, 1840....
Comments 13
By Keahi Pelayo
(KU Realty)
October 3rd, 2008 categories: Honolulu Real Estate 101 West Oahu has quite a few homes, townhomes and condos that have been newly built.  The Wall Street Journal has an excellent article that warns you to inspect your newly built home (in spite of the fact that it is new construction).   CLICK HERE TO READ THE ENTIRE POST.
Comments 0
By Randy L. Prothero, Missouri REALTOR, (808) 384-5645
(eXp Realty)
This report covers areas including: Kalihi Area, Kalihi Valley, Kalihi Uka, Kalihi upper, Kalihi Kai, and Kalihi Lower, which is part of Honolulu, Hawaii.  These numbers reflect only the totals and average sale prices. Single Family homes sales have softened. Average sales price of single family homes has slipped a little year to date.  The big issue is that sales volume has plummeted considerably.  With more than 9 months worth of inventory and low interest rates buyers will find the Kalihi area a good place to negotiable sellers and the home of their dreams. Condo and townhouse sales are another story.  Year to date, the average sales price has stabilized while sales volume is down.  In September there were no condo sales in either 2008 or 2007. Current Active for Sale (as of 10/3/08)...
Comments 5
By Keahi Pelayo
(KU Realty)
October 1st, 2008 categories: Honolulu Real Estate 101 $7,499,000 home for sale in Diamond Head area. Given the number of luxury condos and homes in Honolulu, the way they are insured can have a significant impact on a future claim. Valerie Fitzgerald, of Coldwell Banker in Los Angeles,  CLICK HERE TO READ THE POST.
Comments 0
By Keahi Pelayo
(KU Realty)
September 30th, 2008 categories: Honolulu Real Estate 101 Okay they aren’t sins, but I got you to read the post! Forbes on-line has a very interesting article regarding 7 things to consider when you are thinking about selling your home yourself (without an agent or broker representing you).  All seven issues should be weighed before you place an advertisement and put the sign in front of your home.  I found the comment concerning negotiating to be powerful. CLICK HERE TO READ THE ENTIRE POST.
Comments 0
By Keahi Pelayo
(KU Realty)
September 30th, 2008 categories: Honolulu Condominiums Diamond Head vintage home. As you know I am a bull on most of core Honolulu.  As I see it long term, 2 bedrooms and bigger, with 2 baths or more and 2 parking, priced under $500,000 fee simple, is a sweet spot in the Honolulu condominium real estate market.  When I searched by these parameters today, I found ten (10) available units in tax map areas 11-8 through 135 (note that I have not included Waikiki in the attached market analysis).  Here is why it’s a sweet spot. CLICK HERE TO READ THE ENTIRE POST.
Comments 0
By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  In Hawaii, what does "Leasehold" mean? Are these a good investment?Now, I'm speaking from an investors perspective, and although I have never purchased leasehold properties I have researched their profit potential and have participated in the sale of such properties.Leasehold properties are common on Oahu and many of them have or will be converting from leasehold to fee simple. Leasehold properties can be bought and sold like time shares, in a sense.  You are buying and or selling the right to use the property as opposed to owning it out right with the title in hand. This can be for residential or commercial transactions. Now every leasehold property is different. The terms of which can vary depending on use. The length of the lease, usually 99 years or less and how much time is left ...
Comments 5
September 29th, 2008 categories: Honolulu Real Estate 101 Classic Coconut Ave. Kamaaina home Hip, hip, hooray!  California is generally considered a bell weather indicator for real estate and the economy.  A recent article in Pacific Business News shows that California’s number of months of remaining inventory and the days on market have dropped significantly as compared with August 2007.  This bodes well for Honolulu home and condo sales because as California improves, this improvement will translate to Hawaii. CLICK HERE TO READ THE ENTIRE POST.
Comments 0
By Keahi Pelayo
(KU Realty)
September 26th, 2008 categories: Buying Honolulu Real Estate, Honolulu Real Estate 101 Diamond Head Light House An article posted at Bloomberg.com is divining that the Federal Reserve may be close to reducing interest rates.  Rates are already very low and any additional reduction in interest rates should push buyers off of the waiting to buy fence. CLICK HERE TO READ THE ENTIRE POST.
Comments 0
By Keahi Pelayo
(KU Realty)
September 25th, 2008 categories: Honolulu Real Estate 101 Many people see buying foreclosures as a great vehicle to make their fortune.  Flips have become very difficult to do, so this leaves turning houses and condos into rentals.  The challenge with rentals is the ongoing maintenance and management.  Experience tells me that the most successful landlords are very, very hands on.  It is difficult to find a good and responsive manager, especially if your rental property is out of your local area. CLICK HERE TO READ THE POST.
Comments 0
By Keahi Pelayo
(KU Realty)
September 25th, 2008 categories: Reasons To Sell Morning sunrise over Koko Head The renaissance in Waikiki continues with Queen Emma Foundation’s plan to redevelop the famous or infamous (depending on how you look at it) International Market Place (IMP).  IMP is dead center in the middle of Waikiki and, though it is charming, it has been ready for a new look for the last 20 years. This is great news for the area. CLICK HERE TO READ THE POST.
Comments 1
September 24th, 2008 categories: Buying Honolulu Real Estate, Honolulu Real Estate 101 Here is another reason to buy a Honolulu rental house or condo.  According to today’s Honolulu Advertiser… “Median monthly rent was $1,194 in Hawai’i last year, meaning half of all renters paid more and half paid less, according to the census estimate. CLICK HERE TO READ THE ENTIRE POST.
Comments 0
Explore Honolulu, HI
Honolulu, HI Real Estate Professionals