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Honolulu, HI Real Estate News

By Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
(Liberty Homes)
It's Chinese New Year and the Year of the Tiger in 2010.  Chinese New Year is one of the most important holidays for traditional Chinese.  All the festivities begin on during the first month and continue throughout the month until Chinese New Year's Day. This year is very special as Chinese New Year's day falls on February 14, 2010 which is also Valentine's Day and making it an especially auspicious day to celebrate in the West. In Honolulu, Hawaii our downtown Chinatown has been celebrating with their festivities over the last couple of weekends. We finally got down to the Chinese Cultural Plaza yesterday to enjoy some of the food, festivities and vendors.  In most states and countries it is celebrated where a sizable Chinese population lives.  The Chinese Dragon Dancers were getting r...
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By Barbara Abe
(East Oahu Realty)
Most communities have a range of prices and housing amentities to offer residents, but Hawaii Kai is unique on the island of Oahu - not just because of its location at the head of Maunalua Bay and the base of the Koolau Mountains, built as a water paradise - but because this location gives so many choices in view, proximity to the water, size of lot, and - adding those together - price. As examples of the diversity in Hawaii Kai housing, here are the highest sale and the lowest sale in 2009. This gorgeous home in Koko Kai sold for cash in March at $8,250,000, after 14 days on market.The property was 4,800 SF interior, 4 bedrooms/4 full baths/2 half baths, built in 2008 on 17,695 SF of land.  You can see the view of Diamond Head, Maunalua Bay, and the tropical Pacific.  The sale included...
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January 21st, 2010 categories: Mortgages & Financing My goal with Honolulurealesateviews.com is to provide you with insight and information on the Honolulu and Oahu real estate markets. Until now I have written most of the over 600 articles currently posted at this site.  I understand that I have a strong base of general knowledge in almost all aspects of Hawaii real estate sales and issues.  However, in an effort to provide you the most specific and helpful information on the Oahu market, I have decided to add new voices to the blog.  These guest bloggers will be some of the most experienced and successful professionals in their specific real estate oriented niche.  As time goes on, I’m looking for people with expertise in 1031 Tax Deferred Exchanges, setting up trusts, escrow, surveyi...
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By Century 21 All Islands
(CENTURY 21 All Islands)
CENTURY 21 All Islands announced today that they will be participating as vendors at the Easter Seals Hawaii Walk & Roll 2010. The event is to be held on Sunday, February 21, 2010 at Kapiolani Park in Honolulu. They are also helping promote the event on their website by creating an Easter Seals Hawaii Walk & Roll 2010 page. Participants and volunteers will be able to download forms and information in regards to the event. "It is a pleasure to get involved in our local Easter Seals chapter. Fundraising events such as the Walk & Roll provides our sales associates to participate with the local community while raising awareness of this worthy cause," said Marie Felix, Marketing Director of CENTURY 21 All Islands. "All Islands will be participating as a vendor and will have two of our finest...
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January 19th, 2010 categories: The Market A Forbes writer, Stephane Fitch, had a very interesting macro view on the U.S. real estate market.  Though his article leans toward the commercial side of the business, mental gymnastics will allow us to draw some information relevant to the Honolulu real estate market. Here is the gist of his article. “The year 2010 will see an end to “extend and pretend,” as in banks avoiding foreclosure on highly indebted office buildings, warehouses and shopping malls with loans coming due.” CLICK HERE TO READ THE FORBES ARTICLE If he is right, how will this impact Oahu real estate? CLICK HERE TO READ THE ENTIRE ARTICLE
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By Keahi Pelayo
(KU Realty)
January 18th, 2010 categories: Condos For Sale, For Buyers Here is the best condo listing that came on the market over the weekend.  Feel free to call me at 808-398-3220 to discuss any of them, I can represent you as they are listed with other real estate firms. CLICK HERE TO READ THE ENTIRE POST
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January 14th, 2010 categories: For Sellers, Rants & Riffs, The Market Today’s Honolulu Star Bulletin is reporting that one of our State Legislators is proposing a tax increase on “high-priced homes”. “Rep. Rida Cabanilla, the House housing chairwoman, said she would propose a hike in the conveyance tax on homes priced more than $600,000, as one of the options for addressing homelessness.”CLICK HERE TO READ THE HONOLULU STAR BULLETIN ARTICLE. CLICK HERE TO READ THE ENTIRE POST.
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By Douglas Fischer
(East Oahu Realty - Selling Honolulu, Hawaii Condos)
Listing Alerts - Honolulu Condos Aloha! Please view the links below for this week's Listing Alerts. Don't miss the HOT LINKS at the bottom of this newsletter for such distressed property listings as: Lender Owned Property Listings Foreclosure Property Listings Short Sale Property Listings Also, please feel free to visit our website, one of the most complete Honolulu Condominium Directories available online at www.HNLCondos.com. NEW CONDO LISTINGS These condo listings are new listings that have come on the market for sale, since last week's newsletter.   MLS Search page on our Website or set up your own Listing Manager Account. ALA MOANA NEW CONDO LISTINGS   DIAMOND HEAD NEW CONDO LISTINGS DOWNTOWN/CHINATO WN NEW CONDO LISTINGS KAKAAKO NEW CONDO LISTINGS KAPIOLANI NEW CONDO LISTINGS - No...
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January 13th, 2010 categories: For Buyers, Mortgages & Financing Yesterday, an anonymous source at one of the Hawaii’s major lenders told me that within the next few weeks they would have conventional financing with a minimum down payment requirement of 5% of the purchase price.  Since the mortgage market melt down the minimum conventional loan down payment was extended from zero (this was crazy) to 10% down.  An even bigger issue has been the tightening of lending guidelines. CLICK HERE TO READ THE ENTIRE POST.
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By Keahi Pelayo
(KU Realty)
January 12th, 2010 categories: For Buyers, Homes For Sale Here are three house listings that came on the market over night.  Feel free to call me at 808-398-3220 to discuss any of them, I can represent you as they are listed with other real estate firms. Honolulu Homes Aiea Heights 3 bedroom 2-bathroom on a 10,000 square foot lot. $675,000. CLICK HERE FOR FACT SHEET. CLICK HERE TO READ THE ENTIRE POST.
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By Keahi Pelayo
(KU Realty)
January 11th, 2010 categories: For Buyers, Homes For Sale Here are four house listings that came on the market over the weekend.  Feel free to call me at 808-398-3220 to discuss any of them, I can represent you as they are listed with other real estate firms. Honolulu Homes Kamehameha Heights/Kam Heights 3 bedroom 2-bathroom 1,452 square interior square feet.  Recently remodeled.  5,000 square foot lot.  $565,000. CLICK HERE FOR FACT SHEET. CLICK HERE TO READ THE ENTIRE POST.
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By Caroline Huising
(Huising)
Price: $1,099,000 FIZBER.com ID 13642198 Condo/Townhome/Co-op with 3 bed, 2.5 bath, in 117C Maunalua Ave Unit 7 Honolulu, HI, 96821 http://www.fizber.com/13642198/ 117C Maunalua Ave Unit 7 - For Sale By Owner Property Details: Type: Condo/Townhome/Co-op Address: 117C Maunalua Ave Unit 7, Honolulu, HI, 96821 Sq footage: 1953.0 Floors: n/a Bathrooms: 2.5 Bedrooms: 3 Year built: 1980 View full property details and seller's contacts. View more Hawaii homes for sale. Homes for Sale by Owner. Description: Remodeled in 2005. Oceanfront 3 bdrm/2.5 bath tri-level town home in exclusive Napua Point. Enjoy spectacular ocean and Koko Head views from a highly upgraded unit. S/S appliances; granite c/tops; quartzite flooring; walk in closet system; custom kitchen; built in dining and seating; securi...
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January 8th, 2010 categories: Condos For Sale, For Buyers, Homes For Sale, Neighborhoods Here are 6 more listings that have recently come on the market.  Feel free to call me at 808-398-3220 to discuss any of them, I can represent you as they are listed with other real estate firms. Honolulu Homes Kahala/Puupanini area.  Rare 3-year new 5 bedroom 3-bathroom home.  2,210 square feet interior.  Very nice neighborhood.  $1,245,000. CLICK HERE FOR FACT SHEET. CLICK HERE TO READ THE ENTIRE POST.
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By Barbara Abe
(East Oahu Realty)
O'ahu's housing market has recorded its second consecutive full-year decline in the median sale price of previously owned single-family homes.  The median price - a point at which half the sales were higher and half lower - ended the year down 7.9 percent at $575,000, according to the Honolulu Board of Realtors. A year earlier, the median had slipped 3 percent to $624,000 from the 2007 peak of $643,500. Transactions were down 5.7 percent to 2,585 last year, from 2,741 a year earlier, though sales activity has been on an upswing since September. Last month, the median sales price for single-family homes was $550,000, down 12.2 percent from $626,500 in December 2008. The number of sales was up 37 percent, to 265 from 194. A University of Hawai'i Economic Research Organization forecast pub...
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January 6th, 2010 categories: Condos For Sale, For Buyers, Homes For Sale, Neighborhoods Here 6 listings that have come on the market in the last 24 hours.  As of 6:00 this morning, 22 homes and 17 apartments had been listed for sale. Honolulu Homes Moanalua Valley 4 bedroom 2 bathroom.  Central to Honolululu, Aiea and Pearl City.  Well priced at $650,000. CLICK HERE FOR FACT SHEET. CLICK HERE TO READ THE ENTIRE POST.
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By Douglas Fischer
(East Oahu Realty - Selling Honolulu, Hawaii Condos)
Listing Alerts - Honolulu Condos Aloha! Please view the links below for this week's Listing Alerts. Don't miss the HOT LINKS at the bottom of this newsletter for such distressed property listings as: Lender Owned Property Listings Foreclosure Property Listings Short Sale Property Listings Also, please feel free to visit our website, one of the most complete Honolulu Condominium Directories available online at www.HNLCondos.com. NEW CONDO LISTINGS These condo listings are new listings that have come on the market for sale, since last week's newsletter. MLS Search page on our Website or set up your own Listing Manager Account. ALA MOANA NEW CONDO LISTINGS DIAMOND HEAD NEW CONDO LISTINGS - No New Listings This Week DOWNTOWN/CHINATO WN NEW CONDO LISTINGS KAKAAKO NEW CONDO LISTINGS KA PIOLAN...
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January 5th, 2010 categories: Condos For Sale, For Buyers, Homes For Sale Here 5 listings that have come on the market in the last 24 hours.  If you like income property be sure to look at the 18 unit building. Honolulu Home This home was list for sale in 2009.  Remodel the 4 bedroom 2-bath house or tear it down and start over.  $830,000. CLICK HERE FOR FACT SHEET. CLICK HERE TO READ THE ENTIRE POST.
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By Barbara Abe
(East Oahu Realty)
2009 was a very positive year for the Hawaii Kai home market.  Not only did December show increased sales over last year, both in single family homes and condos, but the year-end totals were also above those in 2008. Single Family Homes 18 homes sold in Hawaii Kai in December, compared to 13 last year.  Median sales price was $784,500, vs. $885,000 in 2008. For the year, 182 homes sold, compared to 161 last year.  Median sales price was $795,000 vs. $850,000 in 2008. A very encouraging sign for the market is that Inventory has decreased to 64 active listings, down from 137 last year, 53.3%.  Condos 20 condos closed in December, compared to 13 last year.  Median sales price was $458,250 compared to $480,000 in 2008.For the year, 186 condos sold vs. 195 last year.  Median sales price was ...
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January 4th, 2010 categories: For Buyers, For Sellers, The Market I haven’t seen anything posted by the Honolulu Advertiser or Honolulu Star Bulletin regarding the recently released December (12/31/2009) Honolulu Board of Realtors statistical report. Below is a summary of the salient statistics. CLICK HERE TO READ THE ENTIRE POST
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By Barbara Abe
(East Oahu Realty)
Thanks to an article in Realtor.org, about replacing those old appliances in your home with energy-efficient ones, and getting government rebates, I learned of DSIREUSA, the web site listing State Incentives for Renewables and Efficiency.  Find Hawaii Residential Incentives with this link. Examples of energy efficiency programs in Hawaii are Honolulu Real Property Tax Exemption for Alternative Energy Improvements Personal Tax Credit for Solar and Wind Energy Loan Program for Solar Water Heat Solar Water Rebate Program Energy Star Appliance Rebate Program There are more, so be sure and look at the site to save on your 2010 taxes.  Make a New Year's Resolution to help your Hawaii Kai home become Greener and save you money at the same time.
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