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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 )
  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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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 Keahi Pelayo
(KU Realty)
December 9th, 2008 categories: Vintage Homes If you like vintage homes, then Kaimuki is a good place to snoop around.  This home is located on 15th Avenue.  Pay special attention to the rooflines, siding and the mitered corner finishes. CLICK HERE TO READ THE POST.
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By Keahi Pelayo
(KU Realty)
December 8th, 2008 categories: Honolulu Real Estate 101 My last post suggested that, in Honolulu, it is not good to spend a great deal of money remodeling a residence to prepare it for sale.  There are five things that are worth doing when getting ready to sell. CLICK HERE TO READ THE POST
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By Keahi Pelayo
(KU Realty)
December 1st, 2008 categories: Honolulu Real Estate 101, Rants & Riffs I find it surprising that someone who is renting in Honolulu would ever consider not buying when circumstances give them the chance to do so!  Outside of taxes, most people’s single biggest expense is their monthly housing cost. For renters, my arguments for buying are as follows. 1.  Whether you like it or not, you are making a mortgage payment.  In most cases landlords have a mortgage on their rentals, so if you are renting you are paying you landlords loan, not yours.  If they don’t have mortgage against the rental, then they may have one against their home and your rent may be making that payment! CLICK HERE TO READ THE POST.
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
I've had several people contact me recently asking about properties they saw on the internet.  Initially, I was excited to work with another buyer, however they were not asking about a property to buy/purchase.  They called me as a third party source to see if a listing they saw for rent on Craig's List was for real and if the owners are really looking to rent it. The reason that spawned their calls was that the "so called" seller would only communicate through e-mail and ask them to wire $ to them for a depost- FIRST RED FLAG! They also said the owner was in Nigeria- SECOND RED FLAG! As a courtesy I looked these properties up & they were actually in MLS.  The owners however were here in Honolulu! What it seems these scammers do is pull photos off active listings, then post the info. on...
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By Robin McCann
(Robin McCann Realty)
Today, I will highlight two of the special Thanksgiving events that will be celebrated in Honolulu this week. Thanksgiving is a time to spend with family and reflect on the many things that each of us can be thankful for. In the Aloha spirit, we will spend the day with our families followed by Thanksgiving festivities on Friday. The Waikiki Holiday Parade is a very special event here in Honolulu . The Parade places a special focus on the survivors of Pearl Harbor . The parade hosts local marching bands as well as bands from the mainland. Other participants will include military units, service bands local entertainers, dignitaries and officials. The bands traveling from the mainland to Oahu to perform in the Waikiki Holiday Parade are: Wyoming All-State High School Marching Band, Lakota ...
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By Keahi Pelayo
(KU Realty)
November 25th, 2008 categories: Distressed Properties, Views of Honolulu Black Point is at the foot of Diamond Head and is considered one of Honolulu’s upscale neighborhoods.  This 5 bedroom 4 1/2 bathroom home is 4,688 square feet under roof and sits on 14,400 square feet of land. It has an air conditioned 3 car garage... CLICK HERE TO READ THE POST.
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By Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
(Liberty Homes)
What's that saying that when one door closes another opens? I firmly believe that no matter what kind of situation or circumstance the bottom line for a positive outcome will always be because of "ALL IN THE MANNER OF HOW I HANDLED IT". After working so hard on getting every contingency met and getting ready to close the buyers backed out last week. My hard work and effort and my seller's heart and soul firmly set in getting all the details done for his move and then the bomb drops. There was no solid answer why and from the beginning of that "mess" I chose to just accept it and move on. I can't make anyone tell me why. Easy for me to say and do when my sellers life was turned upside down right?  Wrong. I have always been one to get a little emotionally involved with my clients. Why? B...
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By Keahi Pelayo
(KU Realty)
November 21st, 2008 categories: Honolulu Real Estate 101 We are less than a week away from Thanksgiving and here are a few things you can expect the market to do between now and Christmas. 1.  Fewer buyers will be in the market and the sheer numbers of showing will drop. 2.  Though there are fewer buyers in the market, there will be some very serious players on the prowl. These buyers are less worried about the price they pay and are more concerned with getting a home or condo.  They generally fall into two categories. CLICK HERE TO READ THE POST.
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By Keahi Pelayo
(KU Realty)
November 20th, 2008 categories: Honolulu Real Estate 101, Rants & Riffs Yesterday’s WSJ had some interesting thoughts on the state of Hawaii’s tourism business. “High fuel prices earlier in the year, the bankruptcy filings of Aloha Airgroup Inc. and ATA Airlines Inc., which previously served the region, CLICK HERE TO READ THE POST.
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By Keahi Pelayo
(KU Realty)
 November 19th, 2008 categories: Rants & Riffs Hard to believe but it is true, Castle & Cooke just closed the sale of its last unit in Mililani. “Mililani, the state’s first fee-simple, master-planned community, has come to completion after four decades. CLICK HERE TO READ THE POST.
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By Robin McCann
(Robin McCann Realty)
No matter if you are an islander or a main-lander and no matter your stand on mother earth and her oceans, you need to hug a beach! Did you know that the islands of Hawaii are the vortex for the ocean's trash? The currents and tides bring the trash of the world to the beautiful islands of Hawaii and dispose of it on the windward side of our islands. In recent years, it has become a very serious problem. Local volunteers and organizations such as Beach Environmental Awareness Campaign Hawai`i and Greenpeace are making a concerted effort to bring awareness to the situation. Not only do they make others aware, but they are continually working to clean our beaches. The maintaining of the beaches has become an overwhelming problem. The cycle is never ending. The cleanup is done but the next ...
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By Keahi Pelayo
(KU Realty)
November 18th, 2008 categories: Rants & Riffs With all of the upheaval in the financial markets, it is very easy to get sucked down a funnel of negativity. In fact, I believe many people are so far down this vortex that there is no light at the end of the tunnel for them.  This is based on the amount of misfortune chatter I hear at the gym, the store and amongst many public dialogues.  I am here to say, “Stop It!” CLICK HERE TO READ THE POST.
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November 17th, 2008 categories: Rants & Riffs Great news!  The government has set up the Electronic System for Travel Authorization and this will allow Koreans to vacation in Honolulu and the rest of the U.S. with having to obtain a VISA. CLICK HERE TO READ THE POST.
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By Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
(Liberty Homes)
 With cameras and video in tow we headed down to Waikiki from Central Oahu to the Waikiki Aquarium. Long talked about for something fun to do we hopped in the car after talking about it last night. We did everything we needed to do early this morning so we could have a few hours of pleasure.   It was well worth the half an hour trip and after going from window to window at the Waikiki Aquarium's displays we came upon ...... NEMO!  Okay, so we couldn't know for sure but it sure struck a chord when we saw this lovely little beauty.    After literally taking pictures and video of the whole aquarium and their wonderous creatures from the ocean we rushed outside in hopes that my most favorite creature of them all finally surfaced. The Hawaiian Monk Seal!  Oh, and a show this one did give us...
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34 Condos sold in Hawaii Kai the last 2 months, ranging in price from $385,000 to $785,000.  For single family homes, 24 sales closed, from $604,800 to $1,475,000. Here are the highlights: Lowest condo sale - Naniwa Gardens, 7th floorThis home is 862 sq ft with a 75 sf  lanai, 1 assigned parking stall.Monthly maintenance fee is $482.List price was $390,000, sale price $385,000.Days on market 84.Naniwa Gardens on Hawaii Kai Drive was built in 1974, and amenitiesinclude exercise room, pool, resident manager, security guard, extra storage, meeting room, and BBQ.     Highest condo sale - Peninsula at Hawaii Kai I This home is 1,465 sq ft with a 1-car garage.Marina frontage, split A/C, double wall construction.Monthly maintenance fee is $524.List price was $790,000, sale price $785,000.Days ...
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By Keahi Pelayo
(KU Realty)
November 14th, 2008 categories: Rants & Riffs Malama Place in Manoa has some of the best examples of vintage homes on the island.  It is a street with no outlet and there are many homes that are worth seeing.  Today’s picture is of one of them. CLICK HERE TO READ THE POST.
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By Keahi Pelayo
(KU Realty)
November 13th, 2008 categories: Honolulu Real Estate 101, Rants & Riffs Hawaii Kai is generally considered one of the better Neighborhoods in Honolulu. I am in the process of helping a client move from Hawaii Kai into town (within 2 miles of Diamond Head).  They made their move over this past weekend and, on Monday, I received a telephone call.  It went something like this. Phone rings… Keahi answers, “Hello”.   CLICK HERE TO READ THE ENTIRE POST.
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November 12th, 2008 categories: Honolulu Real Estate 101 After 25 years of valuing real estate, it is clear that there are a number of factors that are not an issue in the value of a piece of property or condo.  They apply universally to Honolulu or any other location in the world.  Here are the factors that DO NOT bear on the sales price of a particular property. CLICK HERE TO READ THE POST.
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November 10th, 2008 categories: Honolulu Real Estate 101 Here is the good news, properties are selling and they will sell relatively close to the correct list price.  Here is the bad news, if you are off on the proper price be even a little bit you will sit on the market and not sell!  There is an old saying and I’m not sure who said it, but it goes like this “Off by an inch, off by a mile”. This is true of our Honolulu real estate market.  Let me give you an example. CLICK HERE TO READ THE POST.
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By House Selling Tips
(DIR-USA.com)
Can I really Sell My House In the Next 7 Days or Less in Honolulu County in Hawaii!? If You Want To Have the Best Chance to Sell Your House Fast in Honolulu County in Hawaii, You've come the Right Website!You may be asking, "How can I sell my house in 7 days?" Yes, you can sell your house quickly in Honolulu County in Hawaii by selling your house to us! We have people waiting now to buy your home! You see, we're not like typical Realtors® who only want to list your house for a commission and hope it sells one day. Instead, we're a group of nationwide Professional Homebuyers who buy and sell houses in any condition or price range all over the United States including Hawaii! We build buyers lists of people that are waiting lin line to find a home in your area just like yours! If you'd li...
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