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Honolulu, HI Real Estate News

By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
O‘ahu Home and Condo Sales Slip in September Year-to-date median prices show modest gains as third-quarter mortgage rates see gradual decline HONOLULU – According to resale figures released this week by the Honolulu Board of REALTORS®, O‘ahu’s housing market continued to see a slight softening in sales in September. Single-family home sales fell 6.5% year-over-year, dropping from 232 sales to 217, while condo sales experienced a modest 2.7% decrease, with 366 sales compared to 376.However, single-family home sales remain 5.8% ahead of last year’s pace year-to-date, while condo sales are tracking 5.6% lower than the same period in 2023. The third quarter also showed a similar pattern, with single-family home sales increasing by 4.4% over Q3 2023, while condo sales decreased by 5.2%. Usin...
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February 4th, 2009 categories: Honolulu Real Estate 101, Military PCS stands for Permanent Change of Station. There are seven active military installations on Oahu: Naval Base Pearl Harbor; Hickam Airforce Base; Kaneohe Marine Corp Air Station; Fort Shafter Army Base; Schofield Barracks Army Base; Naval Communications Center in Wahaiwa and Lualualei Naval radio station. Most military families PCS orders are for a term of 3 years.  The honorable people that serve provide a terrific buyer pool for Oahu real estate.  The ongoing long-term military presence in Hawaii is one of the main reasons I am very bullish on our real estate values.  Here is why. CLICK HERE TO READ THE ENTIRE POST.
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By Robin McCann
(Robin McCann Realty)
The Great Aloha Run will be held February 16th, in Honolulu.  The Hawaiian name for this race is "Ke kukini me ke aloha pau‘ole", which means "the race with compassionate love".  The race is another example of the Aloha Spirit, the spirit of the people of Hawaii. The word aloha represents the vision of the Great Aloha Run: A - Aloha Spirit: the spirit of giving and sharingL - Lima Kokua" (helping hands): the spirit of cooperation and working togetherO - "‘Ohana" (sense of family): bringing families and communities togetherH - Health: Hawaii is the health stateA - Alliance, military and civilian communities working together in friendship. The Great Aloha Run (GAR) is an 8.15 mile foot race.  The race begins at the Aloha Tower and ends at the Aloah Stadium.  Everyone of any age can partic...
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By Keahi Pelayo
(KU Realty)
February 3rd, 2009 categories: Buying Honolulu Real Estate, Honolulu Real Estate 101 A real estate agent in Minneapolis, Kari Lundin, posted a blog concerning a question from her clients regarding using FHA financing to purchase a duplex with a friend. CLICK HERE TO READ THE ENTIRE POST.
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February 2nd, 2009 categories: Honolulu Real Estate 101 I am reading a book about Warren Buffett’s life called “The Snowball”.  I haven’t counted the pages, but I am on page 300 and not yet through a third of the book.  It was a Christmas gift from my mother-in-law and, at first blush, I thought it might be a boring book.  Nothing could be further from the truth; Mr. Buffett has led a focused and very interesting life.  His initial focus on finding companies that were statistically very, very good buys served to make him a very large fortune.  In his thirties, he shows his genius by his willingness to invest in companies that may not have the quantitative numbers to justify investment, but they had something that was immeasurable (qualitative) that brought current and future value to th...
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January 30th, 2009 categories: Honolulu Real Estate 101, Rants & Riffs Surfing around the blogosphere yesterday, I ran across a post that Google has discontinued a project to take advantage of newspapers and other print media. CLICK HERE TO READ THE ENTIRE POST.
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By Keahi Pelayo
(KU Realty)
January 29th, 2009 categories: Buying Honolulu Real Estate, Honolulu House For Sale Located on the slopes of the Koolau Mountains just above fashionable Kaimuki town. Offering terrific views of Diamond Head, Honolulu city lights and the ocean from the living room and master bedroom.  A 3 bedroom with 2 full baths and completely separate 1 bedroom 1 bath, makes it perfect for those with an extended family or the need for a home office. CLICK HERE TO READ THE ENTIRE POST.
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By Keahi Pelayo
(KU Realty)
January 28th, 2009 categories: Honolulu Real Estate 101 There are many buzzwords in the Honolulu real estate market, REO, short sales, foreclosures and pre-foreclosures. It seems these words put dollars in many buyers’ eyes, as they think properties experiencing these problems can be purchased at really low prices.  Here are a few random thoughts. CLICK HERE TO READ THE ENTIRE POST.
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January 27th, 2009 categories: Honolulu Real Estate 101, Rants & Riffs I read an excellent article at Forbes.com that leads me to believe that a turn in the National economy and, therefore, the Honolulu real estate market may be closer than we think. “U.S., according to the Census Bureau. In December, the latest data available, home builders started houses at a 550,000 annual rate. In other words, at the current pace of housing starts, it would take 236 years to replace all the homes in the U.S. CLICK HERE TO READ THE ENTIRE POST
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By Barbara Abe
(East Oahu Realty)
Join us this Saturday at the Hawaii Kai Towne Center, 11 AM - 1 PM, to celebrate the Year of the Ox.  Festivities feature fireworks (of course), a kung fu demonstration, and a lion dance from the Wah Ngai Lion Dance Assn. The lion dance is a Chinese tradition performed to chase away evil spirits and bring luck and happiness. Giving the lion a red li see or "lucky money" envelope with a donation represents the wish for good fortune and wealth in the coming year, and serves as a form of appreciation to the lion for its blessing. The Wah Ngai Lion Dance Association is a nonprofit organization dedicated to promoting Chinese culture through the arts of lion dancing, kung fu, and other athletic activities. They regularly perform traditional and freestyle lion dances throughout Hawaii, and hav...
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By Keahi Pelayo
(KU Realty)
January 23rd, 2009 categories: Honolulu Vintage Homes Those of you that have read my blog for a while know that I like Honolulu’s homes that have a vintage character.  Whenever I am on the road and find a home that I like, I snap a picture and post it here.  Too many times I see these beauties being torn down to make way for new “Mcmansions”. CLICK HERE TO READ THE ENTIRE POST.
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By Hawaii homes
(Century 21 iProperties Hawaii)
The famous Ilikai might be closing up in February 2009.  Before we laugh, remember that Aloha Airlines warned us about shutting down in 2008 and we shrugged it off.  A month later, Aloha closed up, just as they had warned. Why would the Ilikai close down?  It's difficult to get a clear picture of the complete situation from the media.  Some of the key factors are: - Brian Anderson, a developer on the Big Island has title to approximately 203 hotel/condo units plus commercial space at the Ilikai.  - Mr. Anderson's Anekona companies owe iStar FM Loans LLC about $75 million.  iStar is initiating foreclosure proceedings.  Anekona companies also owe the Ilikai Apartment Building Association approximately $1 million for delinquent electricity and maintenance fees. - The residential properties...
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January 22nd, 2009 categories: Honolulu Real Estate 101, Rants & Riffs With the recent approval of their master plan, General Growth Properties has taken another step toward revitalizing Honolulu’s Kakaako area.  The Honolulu Star Bulletin reported the following. CLICK HERE TO READ THE ENTIRE POST.
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By Kimo Stowell, REALTOR® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Sailing Aboard the Historic Hōkūleʻa, Hawai'i's 'Bright Star'...    In celebration of my 100th post I thought I would share one of my latest adventures this past Tuesday, aboard Hawaii's most famous vessel, the Hōkūleʻa . Polynesian navigators, using only celestial navigation and environmental observations managed to navigate and colonize the great breadth of the pacific ocean a millenium before Westerners discovered longitude and could accurately travel the world's oceans. In the long process of proving these skills to those Westerners who doubted such know how existed, the Hokule'a was lovingly created.         Incredulous to the idea that Polynesians were superior sailors and navigators, many Westerners believed that Polynesian expansion throughout the Pacific was dumb luck and that ...
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By Robin McCann
(Robin McCann Realty)
Chaminade   University  has been recognized as a College of Distinction by Student Horizons, Inc. The recognition by this highly esteemed organization allows Chaminade University to be listed in the reknown college guide, Colleges of Distinction. Only 200 colleges in the nation have received this high honor. Colleges chosen for inclusion in the college guide must meet all four of the Colleges of Distinction criteria, undergo an application process and must be nationally recognized by the educational community. The colleges must also be valued by employers and graduate schools for outstanding preparation of its students. Chaminade University  proudly demonstrates the characteristics of Colleges of Distinction. The University provides innovative curriculum and offers special programs to i...
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As the Trump Inernational Hotel and Residences get nearer to their August-September completion the project located near the Billion Dollar Beachwalk renovation gains more and more popularity.  Anyone that has visted this Waikiki landmark knows that with bars and restraunts like the Yardhouse, Roys, Senor Frogs and soon to be built Hardrock Cafe and late night and early morning eatery Eggs And Things.....this is the prime Waikiki location.  Steps from Fort Derussy and the Army Historical Museum as well as one of the most insanely beautiful beaches on the planet.  Surfing, sailing, Kayaking dinner cruises, luaus, nightclubs...they are all just moments away from this 5 star Luxury Residence.  Email me for product availability and ammenities.  I specialize in luxury condominiums and beachfr...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
With the recent completion of the Sony Open Honolulu was featured as the backdrop on national television this past week.  As there were record breaking lows on the mainland, we've enjoyed beautiful sunny weather.  In case you were wondering what a home on Waialae Golf Course goes for, here's what's currently on the market:   Single Family   ML#: 2816190 stat Active     Lst: $2,495,000* FS - Fee Simple 1-3-5-043-021-0000 BR: 4 Baths: 3 / 0 959 Waiholo St   Liv: 3,162 Lanai: 805 Other: 1,265 WAIALAE G/C  Stories: One Land: 16,250 YrBt: 1959 Views: Golf Course Pool: In Ground Assd Imprv: $388,200 Prop Cond: Average Assd Land: $1,673,400 Frnt: Golf Course Assd Total: $2,061,600 2008 Prk: 3Car+ , Driveway , Garage Zoning: 03 - R10 - Residential District Tax: $565 Topo: Level Flood: AE Tot Mo...
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January 20th, 2009 categories: Rants & Riffs An article in today’s Honolulu Advertiser hints that Honolulu real estate property taxes could be on the rise.  HNA points to many issues, but among the major potential causes is a drop in assessed property values. CLICK HERE TO READ THE ENTIRE POST.
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By Richard Dolbeare, Living the Hawaii Lifestyle
(Inactive)
Wow, Gloria Estefan was in Hawaii and performed in Honolulu at the Blaisdell Arena Saturday evening!  There are few opportunities for shows and concerts in Hawaii which only added to the excitement of this event!  I was fortunate to get 2 tickets in front of the stage just 9 rows back and I enjoyed it immensely.  Gloria & The Miami Sound Machine performed for about 2 hours with no break then returned for a double-encore at the "demand" of the thrilled audience.  Overall, it lasted over 2 1/2 hours.  Gloria's teenage daughter was introduced and she proceeded to play some hair-straightening acid rock on the electric guitar and after that, went to town on the drums.  She is VERY talented for such a youngster and it's only my gray hair that caused me to cringe a little at the sounds coming ...
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January 19th, 2009 categories: Honolulu Real Estate 101 We learned everything we need to know about the direction of Honolulu real estate values in Economics 101.  It’s all supply and demand!  Too little supply and values rise.  Too much supply and they go down.  Too much demand and prices go up.  Too little demand and prices decline.  A recent Honolulu Advertiser article regarding the stationing of the new Virginia class submarines at Pearl Harbor means higher demand is coming. CLICK HERE TO READ THE ENTIRE POST.
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By Keahi Pelayo
(KU Realty)
January 16th, 2009 categories: Honolulu Vintage Homes Here is another home that is very near the University of Hawaii President’s home in Manoa. CLICK HERE TO READ THE ENTIRE POST.
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