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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  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 Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
(Liberty Homes)
We decided to start doing more to make our townhouse more energy efficient. Well, there's just so much you can do for a small townhouse so we started with the lightbulbs and an air conditioner a couple of years ago. Then, a couple of weeks ago we went to Costco and we found TWO 52" Hunter ceiling fans with lights and on the box it had a sticker "Energy Star". Why did we start getting to be energy efficient wise guys? Our Hawaiian Electric bill was almost one hundred eighty dollars And....our electric bill will KEEP climbing We needed to reduce our energy consumption. We also found that we were leaving lights on unnecessarily Our old ceiling fans were cheapy small ones that were really doing a bunch of nothing. (and the new ones sure pump out some wind and look pretty too) We changed the...
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By Barbara Abe
(East Oahu Realty)
The Hawaii Kai real estate market is a little softer than 2007, but not significantly.  Sellers are paying more concessions, but prices are generally holding at earlier levels. Hawaii Kai Single Family Market 16 homes sold in July, compared to 22 last year.  Median sales price was $820,000 compared to $878,800 in 2007. Year-to-date, 103 homes have sold, with a median sales price of $868,000, compared to 136 for last year, and $875,000 median price. Hawaii Kai Condo Market 16 condos sold in July, compared to 23 last year.  Median sales price was $498,000, compared to $509,000 in 2007. Year-to-date, 120 condos have sold, with a median sales price of $540,000, compared to 159 for last year, and $543,000 median price. While the months fluctuate more broadly, the trend is easier to see in th...
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The Hawaii Kai condo market had 16 sales in July, 2008, ranging from $380,000 for a one bedroom unit in the Esplanade, to $805,000 for a four bedroom home in Kuapa Isle.Average Days on Market for the month was 62, average price $517,000.  Complexes with sold units included the Commodore, Esplanade, Kaimala Marina, Kalele Kai, Koko Isle, Kuapa Isle, Lalea, Marina Palms, Mariners Village 3, Mawaena Kai, Moorings, Naniwa Gardens, and Plaza Hawaii Kai.These figures compare with June statistics of 13 sales, average Days on Market of 49, and average sales price of $625,000.  The small numbers make fluctuations look large, but one or two big sales can significantly impact the average sales price.  In June, the low sale was $453,000, a two bedroom unit in the Esplanade, and high sale was $800,0...
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By Keahi Pelayo
(KU Realty)
August 6th, 2008 categories: Honolulu Real Estate 101, Rants & Riffs There is an old saying that goes something like this, “The time to buy is when the blood is in the streets!”  The blood is not necessarily in the streets in Honolulu, but values are down some, selection is up some and there are opportunities to get more value.
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By Keahi Pelayo
(KU Realty)
August 5th, 2008 categories: Rants & Riffs Hooray for Alaska. Alaska is suing the Department of Interior in an attempt to have it reverse its recent decision to list the polar bear as a threatened species. They are not threatened! The decision was based on a projection that they might become threatened and therefore action should be taken now. The reality of decision like this is not a desire to protect an animal or plant, but it is a back door way for environmentalists to control land. 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)
You ever notice how different the polls are from different magazines, groups and so forth that have different statistics for different cities? One thing I noticed is that Hawaii never seems to be on those nationwide statistics for like cleaner air, schools or even being ‘green'. So I did a little research and had to literally type in Hawaii...clean air and stuff like that. I guess because we're out in the middle of the Pacific Ocean we aren't considered part of the nation or something. NOT! We are just as important and play a vital part in Hawaii Military Relocations and Hawaii Job Transfers and Moves to Hawaii no matter what the reason. ~~~~~~~~~~~~~ Following are some "statistics" from different sites and such for "pertinent" opinions on what rank Hawaii and Honolulu County play in th...
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By Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
(Liberty Homes)
If you are planning a Hawaii Military Relocation to Honolulu County in a few months or even a year down the road, there is no better time to start planning than right now. You can be proactive in your property search for purchasing real estate now by getting in touch with a Realtor® who knows about the VA Transaction Process and can assist you with your Hawaii Military Relocation. This Realtors® Perspective: Hawaii Military & the VA Loan is one article I wrote so you can see how the VA transation process works. As a former military dependent for most of my life I know what it's like:  Military Transfers & Relocations to Hawaii: A Geographical Shock To start with your property search this agent will go through your criteria with you and then set you up with your own personal web page wit...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
This stately home belonged to the last reigning monarch of Hawaii, Queen Lydia Lili'uokalani. After the over throw of the Kingdom of Hawaii she remained in residence here under virtual house arrest until her death on November 11, 1917. Threat of counter insurgency kept her a political prisoner for several years after the overthrow. Once Hawaii became a US territory the queen was powerless to regain her Kingdom despite the fact that the President Cleveland had supported the restoration of Hawaiian sovereignty.The lower portion of the house is constructed of coral blocks and the rest is of wood construction. Built in the 1840s, the home was constructed by the parents of the Queens consort, General John Dominus, in the Greek Revival style reminiscent of plantation homes in Louisiana. The d...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Honolulu has some beautiful Art Deco architecture and one of my favorite buildings is the Downtown Fire Department on Beretania St. near China Town. Honolulu has some amazing public buildings and here is just one example.  The giant zinc doors and the Hawaiian styled motifs are what really draw your attention to this building. The doors stand about 15 feet high not including the monogram and transome and are excellent examples of Art Deco detail. The triangles are an Ancient Hawaiian motif that were commonly found in Tapa cloth and body decoration. The light fixture, layered squares and name plate font are all classic Art Deco details, as well as, the stucco wall treatment. Many of Honolulu's public buildings are quite beautiful and this one is no exception.   JDS Consulting- Staging Ha...
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By Keahi Pelayo
(KU Realty)
July 30th, 2008 categories: Rants & Riffs This past weekend I visited a friend on Molokai and the entire experience reminded me of days gone by in Hawaii. There was no traffic, friendly people and a simplicity and freedom that were very refreshing. There was one thing that really struck a chord in my heart and that was the existence of coconuts! Yes, coconuts! As a child, I remember eating them, carving them, playing catch with the small ones and an abundance of coconuts at the base of coconut trees. Flash-forward to 2008, I challenge you to drive around Honolulu and find a coconut tree…with nuts! To find one is a very rare occurrence. In fact if you do find one, take a picture and e-mail it to me, I would love to see it. So the question is, why have coconuts become endangered?   CLICK ...
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Aloha Evryone from Dan Dan The Trump Tower Man, Todays blog is on the ever popular subject of The Trump International Hotel and Residences just off of the billion dollar renovation in Waikiki known as the Beachwalk.  This photo is the 2 bedroom plus Den Stack of the wildly popular building being developed by none other than Real estate Tycoon Donald Trump.  This 5 star, luxurious undertaking is well under way and promises to be one of the most incredible places to stay in all of Hawaii.  Although the initial sales event was sold out in only a few hours, I may have the ability to find inventory not currently on the market for you.  Call me at 808-228-8434 if you have an interest in Trump International Hotel in Waikiki!
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By Keahi Pelayo
(KU Realty)
July 29th, 2008 categories: Honolulu Real Estate 101, Rants & Riffs It’s great to be in Hawaii. Our tropical paradise has always been attractive to people from other parts of the world. Our warm breezes, blue skies and soothing water have made us the place of dreams. It seems interest in our real estate ebbs and flows with the economic fortunes of the rest of the world.   CLICK HERE TO READ THE ENTIRE POST.
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As you can see from this photo the Trup Tower International Hotel and Residences in Hawaii is well on it's way.  With such an incredible location and ammenities that are second to none this project promises to be THE place to be on Oahus coveted south shore.  The night life, cuisine and shopping in Waikiki is all second to none.  Contact me today to learn how you may still be able to get into this sold out project from none other than the master of Real estate himself, Donald Trump.  You can call me at 808-228-8434 any time.
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Aloha from Hawaii Evryone, The Trump Tower International Hotel and Residences are now slated for an August 2009 bulk closing date.  It was confirmed today that this project is actually slightly ahead of schedule for completion and it looks like barring any complications that residents will be able to move in shortlt after the August close.  My experience is that most developments lag behind this by a month or two but the Donald always bucks trends and seems to be able to wrap things up faster than other developers.      
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Aloha from Hawaii Everyone, The Trump Tower International Hotel and Residences inventory is back to sold out again!  This Tower is so incredibly popular and has such international appeal that record shattering pricing doesn't seem to disuade investors from clamoring to the project.  Last week inventory was again released form the developer hold back inventory.  This inventory is not public knowledge and was only known to a few select agents such as myself.  We are in constant contact with the project and are the inventory that was released went very very quickly.  A studio, 2 bedroom and 2 bedroom plus den were released recently and the inventory was gobbled up immediately even at pricing reportedly 20-30% above original pricing.  If you are still looking for inventory contact me right ...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Come Celebrate Sovereignty Restoration Day 10 AM to 5PMat Thomas Square, Downtown Honolulubetween Beretania & King + Victoria & Ward KA LA HO'IHO'I EA (Sovereignty Restoration Day) July 31 is the day commemorated in Hawaii when in 1843 sovereignty was returned to the Kingdom of Hawaii after five months of illegal British occupation by naval commander, Lord George Paulet. The bellicose Paulet forced then King Kamehameha III to abdicate the throne in favor of British rule. In an attempt to avoid military confrontation, Kamehameha III appealed to Queen Victoria for the rightful restoration of the crown. As a result, The British Empire sent commander Admiral. Richard Thomas to enforce British law and restore self rule to the Hawaiian Kingdom and her government.  It is on this day that Kame...
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Anyone familiar with the Kamilo Nui area of Hawaii Kai has probably purchased plants or flowers from the farmers at the head of the valley.  Upper Kamilo Nui is still zoned Ag and leased by farmers who have operated farms and nurseries there for more than 40 years.  This is some of the last undeveloped privately-owned land in Hawaii Kai. Originally, 23 parcels were divided out of the strip of land at the head of the valley.  Many who had farmed on the lush bottomland, converted by Henry Kaiser into Hawaii Kai in the 1960s, moved here.  Kamehameha Schools Bishop Estate (KSBE) gave them a 55-year lease until 2025.  But in 2005, a mainland developer reached an agreement with the lessor to buy the 87 acres, including the fee simple ownership.   Precedent had been set for the developers of L...
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July 23rd, 2008 categories: Rants & Riffs One of the major knocks about living in Hawaii is the greater cost living. Hawaii will probably always be more expensive since almost every single thing here has had to be shipped here. What follows are five reasons the cost might not be as great as you think. 1. One Set of clothes to wear your round. My wife comes from an area that has all four seasons. Before we were married, I will visit my future in-laws and I noticed that as fall approached they would take out clothes appropriate to fall. CLICK HERE TO READ THE ENTIRE POST.
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By Daniel Newbill
(Realty Executives Oahu)
OK so we have talked about the fact that there may Still  be units available at the Trump Tower Waikiki.  If you call me I may be able to help you find the unit you are looking for.  I keep in close contact with the phenomenal S&P sales team and correspond weekly to determine if there may be any new release of inventory.  Keep in mind that these units are not on the market and can only be found through the special relationship that I have built with the developers sales team. Also keep in mind that there are people out there that will promise they can achieve this and can not.  If you place an order for a Trump Tower unit, I will find it! What you might not know is that there are innumerable reasons to want to be in this area.  First, the beach is about 100-200 yards from your front doo...
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By Keahi Pelayo
(KU Realty)
July 22nd, 2008 categories: Honolulu Real Estate 101, Rants & Riffs Almost every day I speak with buyers from mainland markets that are experiencing significant downturns and a great deal of gloom and doom. Because their markets are hurting they believe there may be opportunities to buy properties in Honolulu at discounts comparable to their home markets. Our market is down some, but it is not off the 30- 50% that I am hearing some parts of the mainland are experiencing. Let me be clear, there are good values in our market as compared to our recent highs (2005 and 2006). However, it is unrealistic to believe that one is going to buy in core Honolulu at a 30-50% discount. As I have said in other posts, Honolulu proper does not have a significant way to increase the supply of houses and o...
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