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Honolulu, HI Real Estate News

By Kimo Stowell, James "Kimo" Stowell - REALTOR®, ABR®, GREEN
(HI Pro Realty LLC RB-21531 )
               Latest rates, based on 20 percent down, $200,000 owner-occupant mortgages. The rates and terms may vary; check with lenders for details. Rates may have changed click here to verifyWednesday, May 6, 2026 Lender Term/Type Interest Rate % Points % *APR American Savings Bank808-593-1226NMLS#423168 15-YR Fixed 5.000 2.000 5.390 30-YR Fixed 5.875 2.125 6.129 5-YR ARM 5.125 1.875 6.113 Bank of Hawaii877-616-2636 15-YR Fixed 5.375 0.750 5.491 30-YR Fixed 5.750 2.000 5.937 5-YR ARM 5.125 2.000 6.060 Central Pacific Bank808-544-0500NMLS#416603 15-YR Fixed 5.125 2.250 5.607 30-YR Fixed 5.875 1.875 6.137 5-YR ARM 5.375 2.000 6.444 Finance Factors808-548-3300NMLS#449916 15-YR Fixed 5.125 1.875 5.636 30-YR Fixed 5.875 2.250 6.228 5-YR ARM 5.750 1.500 6.588 First Hawaiian Bank808-643-46...
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By Kimo Stowell, James "Kimo" Stowell - REALTOR®, ABR®, GREEN
(HI Pro Realty LLC RB-21531 )
Oʻahu Home Prices Ease as Sales Volume Declines in April Despite softer sales activity, median days on market improved, with single-family homes remaining under one month HONOLULU – According to resale figures released this week by the Honolulu Board of REALTORS®, median prices in April decreased slightly in both markets. Prices for single-family homes declined 1.7% compared to the same period last year, while the condo median decreased 1.0% to $500,000. Properties priced at $500,000 or less accounted for 193 sales in April and 666 year-to-date, with 1,168 active listings in that price range. Using data collected from its computerized Multiple Listing Service (MLS) system, the Board reported the following statistics:   Single-Family Home Resales   Number of Sales Median Sales Price APR...
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October 14th, 2008 categories: Distressed Properties, Rants & Riffs Pacific Business News is reporting that California foreclosures have dropped “dramatically”.  Given the State’s position as a leading indicator of things to come, this is great news!  Honolulu seems to have a very low foreclosure rate and the sooner California can get things turned around, the better for all sectors of the Hawaii economy! CLICK HERE TO READ THE ENTIRE POST.
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By Keahi Pelayo
(KU Realty)
October 14th, 2008 categories: Distressed Properties If you haven’t bought a Honolulu house or condo via a short sale here are some things to remember and prepare for. 1.  Be patient-the lender has to approve the sale and this could take 2 weeks (right!) to 2 months (more realistic) CLICK HERE TO READ THE ENTIRE POST.
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By Kimo Stowell, James "Kimo" Stowell - REALTOR®, ABR®, GREEN
(HI Pro Realty LLC RB-21531 )
Vol II. And then there's Mod! Not everyone enjoys or appreciates the Modern Movement, but these revolutionaries of design helped to define modernity as we know it. You will no doubt notice that almost all of these furniture designers were architects and their furniture is intended to showcase not only the modern aesthetics of clean lines and organic forms but also the architecture in which they are framed. When it comes to staging a modern or mid century property keep these designers in mind, to help sell the architectural elements of the home while staying true to the movement. All of these modern classic designs are widely reproduced today and can be purchased easily on line (ebay and retail sites). The Modernist Movement began to emerge in the late 19th century and took shape under t...
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By Keahi Pelayo
(KU Realty)
October 13th, 2008 categories: Distressed Properties, Honolulu Real Estate 101 Are you considering buying a distressed property in Honolulu?  If this is your first time entering this arena, it might be helpful understand some of the terms you will run into.  What follows are a few of those terms with a brief description. If more in depth information is needed, links are provided that will allow you to get deeper.  Note that all of these definitions were copies from available on-line Wiki’s. CLICK HERE TO READ THE ENTIRE POST.
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October 10th, 2008 categories: Honolulu Real Estate 101 Hawaii Real Estate Reporter has an excellent post regarding the ratings and rankings of Hawaii’s public schools.  Given that our private schools are so expensive ($17,000 a year plus or minus), if you can buy a home in a good public school district you could save quite a bit of money.  Below is an excerpt from the blog. CLICK HERE TO READ THE ENTIRE POST.
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By Keahi Pelayo
(KU Realty)
October 9th, 2008 categories: Honolulu Real Estate 101, Rants & Riffs A recent Pacific Business News article identified the zip code area of 96821 as Hawaii’s most affluent.  If you live there…CONGRATULATIONS! CLICK HERE TO GO TO THE POST.
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By Kimo Stowell, James "Kimo" Stowell - REALTOR®, ABR®, GREEN
(HI Pro Realty LLC RB-21531 )
The Red Room of the White House designed in the Empire Style  Vol I. The British Invasion I love auctions and nothing gets my adrenaline pumping like bidding and obtaining antiques at auction; especially when I'm getting a good deal on a quality piece of furniture. Not everything sold at auction is an antique but it's usually the antiques that get the biggest buzz when placed before the gavel. Not only are most antiques of better quality and construction, they are often less expensive than their contemporary counterparts. And what better way to help the environment then buying previously owned furniture. Obviously, antiques work in certain design styles and not in others. If you have a traditional, transitional, colonial, Georgian, neo-classical or an eclectic style, American made antiq...
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By Keahi Pelayo
(KU Realty)
October 8th, 2008 categories: Rants & Riffs In this time of financial uncertainty, it would be good for us to remember that we are Americans!  We are the people that put a man on the moon, won the Cold War and World War II, made 50 million Iraqis and Afghans free, brought the personal computer to the world and (on a lighter note) have put McDonalds restaurants all over the world. CLICK HERE TO READ THE ENTIRE POST.
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By Keahi Pelayo
(KU Realty)
October 8th, 2008 categories: Buying Honolulu Real Estate, Honolulu Real Estate 101 This property on 10th Avenue, in Kaimuki, just came on the market and is one of the better buys that I have seen in the area for sometime.  It is perfect for living in one and collecting rent on the others, or use it as an investment property. CLICK HERE TO READ THE ENTIRE POST.
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By Kimo Stowell, James "Kimo" Stowell - REALTOR®, ABR®, GREEN
(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 ...
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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.
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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.
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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 ...
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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
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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.
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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 ...
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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...
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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....
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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.
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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)...
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