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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  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 David Buck, Realtor-Broker
(Harcourts Island Real Estate)
Children's Place Magazine recently wrote an article titled The 100 Best (and Worst) Places to Raise a Family and Honolulu ranked #7!I must say I'm not surprised. I was born and raised here and don't have much to complain about. Clean air, beautiful weather & the Aloha Spirit- what more could you ask for? Although our housing prices have traditionally been higher than national averages, the "price we pay to live in paradise" has been worth it.
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November 17th, 2009 categories: Honolulu Real Estate 101 Sometimes an article about real estate comes out and it is good just the way it is.  Today’s Wall Street Journal had an excellent article in a question and answer format.  Much of it applies to Honolulu real estate and it is well worth the read! CLICK HERE TO READ THE ENTIRE POST.
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November 16th, 2009 categories: Honolulu Real Estate 101, Rants & Riffs Because I am a Honolulu Realtor, I am happy about the extension of the tax credits for purchasing a Honolulu home as your personal residence. As a citizen of the United States, I am concerned that we could be sending part of the house sale and purchase business the way of the car sales business.  Let me explain. CLICK HERE TO REA THE ENTIRE POST.
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Google announced that O'ahu and Maui are the latest venues covered by Street View, which allows Web users to go from a map view of a spot on Oahu or Mau to zoom in and see what it looks like from ground level.  Hawai'i is the 50th state to get the Google Street View technology (the the year of its 50th anniversary of statehood). The Hawai'i images were captured this summer by a car rigged with an 8-foot-tall stalk topped with a ring of cameras.  Now you see your own house, and can rotate the image to see houses on the other side of the street. Laura Melahn, Google product marketing manager, said in the Google blog, "Being born and raised on O'ahu, I like to think we saved the best for last.  With our imagery of O'ahu and Maui, you can now take a virtual vacation to white sandy beaches, ...
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By Keahi Pelayo
(KU Realty)
November 12th, 2009 categories: Rants & Riffs During this recession, it has seemed that Honolulu has not be hit as hard as other areas.  A Pacific Business News article confirms many things I had been assuming. 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 HONOLULU CONDO LISTINGS: These condo listings are new listings that have come on the market for sale, since our last newsletter, dated November 4, 2009. ALA MOANA NEW CONDO LISTINGS DIAMOND HEAD NEW CONDO LISTINGS DOWNTOWN/CHINATOWN NEW CONDO LISTINGS KAKAAKO NEW CONDO LISTINGS KAPIOLANI NEW CONDO LISTINGS MAKIKI NEW CONDO LISTINGS - No New Listings This Week...
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By Keahi Pelayo
(KU Realty)
November 10th, 2009 categories: Honolulu Real Estate 101 Gentry Development, Alexander and Baldwin and Kamehameha Schools Bishop Estate (KSBE) have just pulled the plug on developing 12,000 housing units in Waiawa (West Oahu). “Local developer Gentry Cos. lost its rights to develop Waiawa Ridge, ending the more than 20-year-old project that was expected to produce its first homes next year in the community envisioned with 10,000 to 12,000 homes.” CLICK HERE TO READ THE HONOLULU ADVERTISER ARTICLE Waiawa is located just west of Pearl City at the junction of the H1 and H2 freeways.  Given the magnitude and location of the project here are some of the losers than winners. CLICK HERE TO READ THE ENTIRE POST
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November 9th, 2009 categories: Honolulu Vintage Homes The Honolulu Advertiser is reporting that hotel occupancy rates have improved. “After 18 consecutive months of declines in the numbers of visitors staying in Hawaii hotels, September brought a small gain in hotel occupancy — up 1.6 percentage points to 64.6 percent.”CLICK HERE TO READ THE HONOLULU ADVERTISER ARTICLE CLICK HERE TO READ THE ENTIRE POST
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By Frank Diaz http://www.hawaiihome.biz
(East Oahu Realty)
First-Time Homebuyer Credit Renewed and Extended First-Time Homebuyer Credit Extended for 2009-2010 New legislation, the Worker, Homeownership and Business Assistance Act of 2009, which was signed into law on Nov. 6, 2009, extends and expands the first-time homebuyer credit allowed by previous Acts. The new law: Extends deadlines for purchasing and closing on a home. Authorizes the credit for long-time homeowners buying a replacement principal residence. Raises the income limitations for homeowners claiming the credit. For the first time, long-time homeowners who buy a replacement principal residence may also claim a homebuyer credit of up to $6,500 (up to $3,250 for a married individual filing separately). They must have lived  in the same principal residence for any five-consecutive ...
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By Karla Casey
(Karla Casey (BIC), List Sotheby's International Realty, Hawaii)
Recently I had the pleasure of representing a very nice couple in the sale of their home and then represent them in the purchase of their replacement property.  A nice simultaneous closing.  As is normal with the sale of a home, I would contact the seller to inform him of the inspection date and appraisal date, etc.  Every time I would call him to let him know when we would need access to his home he would respond that he would need to check his work schedule to make sure he could have that time off.  Each time I would tell him that was my job to be there and he could stay at work. On the purchase of his new home, he was shocked that I was there with him during the inspection and I was there when the appraiser was done.  During the process, I called his lender to make sure things were o...
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By Frank Diaz http://www.hawaiihome.biz
(East Oahu Realty)
First-Time Homebuyer Credit Extended New legislation, the Worker, Homeownership and Business Assistance Act of 2009, which was signed into law on Nov. 6, 2009, extends and expands the first-time homebuyer credit allowed by previous Acts. The new law: Extends deadlines for purchasing and closing on a home. Authorizes the credit for long-time homeowners buying a replacement principal residence. Raises the income limitations for homeowners claiming the credit. Under the new law, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2010 and close on the home by June 30, 2010. For qualifying purchases in 2010, taxpayers have the option of claiming the credit on either their 2009 or 2010 return. For the first time, long-time home...
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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 HONOLULU CONDO LISTINGS: These condo listings are new listings that have come on the market for sale, since our last newsletter, dated October 28, 2009. ALA MOANA NEW CONDO LISTINGS DIAMOND HEAD NEW CONDO LISTINGS DOWNTOWN/CHINATOWN NEW CONDO LISTINGS KAKAAKO NEW CONDO LISTINGS KAPIOLANI NEW CONDO LISTINGS MAKIKI NEW CONDO LISTINGS WAIKIKI NEW CONDO LISTINGS ...
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By Keahi Pelayo
(KU Realty)
November 4th, 2009 categories: Honolulu House For Sale, Honolulu Real Estate 101 As a Honolulu Realtor, I am always looking for the right home for the clients that I am working for.  In the last week, I saw two Honolulu homes come on the market that might meet the needs of two of my buyers.  It is amazing to note that both sold within days of coming in the market! One was located in Nuuanu and the other in Hawaii Kai. CLICK HERE TO READ THE ENTIRE POST.
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Is it real or is it virtual? More importantly does it really matter? Some naysayers say it's a disappointment when potential buyers arrive to find an empty space but if the potential buyer knows it's virtually staged what is important is that interested buyers make an appointment to view the property not whether it's actually staged or not.   Virtually Staged: The Kitchen in a one bedroom condo at 909 Kapiolani, Honolulu Hawaii 96813, virtually staged by JDS Consulting.   The benefits of virtual staging can easily be appreciated by sellers who wish to make their relatively new investment properties stand out from other identical properties for sale in their building or development. Virtual staging costs a fraction of what one would spend on actual staging. When there is little to differ...
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By Barbara Abe
(East Oahu Realty)
  View from Plaza Hawaii Kai                         Plaza Hawaii Kai The condo market in Hawaii Kai adjusted downward slightly in October, from 21 sales to 16.  Low sale was $365,000 for a 1 bedroom/1 bath in the Heritage House on the 10th floor, and high sale, $615,000 for a 2 bedroom/2 bath in Plaza Hawaii Kai on the 9th floor. For single family in Hawaii Kai, 26 sales closed both in September and October.  This past month, the low sale was a 3/2 zero lot line detached home in Kalama Valley, and the high sale a $2,500,000 sale of a view home on almost .5 acre in Triangle. To learn more about these condo complexes and neighborhoods, request the free reports for each on my site.  I can give you current sales statistics on any community in Hawaii Kai.   Wouldn't you like to wake up to ...
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By Keahi Pelayo
(KU Realty)
October 30th, 2009 categories: Honolulu Real Estate 101 Paul Brewbaker is one of my favorite economists.  Since following him beginning in 1991, I have found him to make insightful predictions, many of which I disagree with at first.  Paul is quoted in the Pacific Business News as forecasting a turn in the Hawaii economy in 2011.  This may mean more of the same bumpy ride in 2010. CLICK HERE TO READ THE ENTIRE BLOG.
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  I love Halloween and up to a few years ago it was a month long event in my life; full of parties, entertaining, and dressing up in costumes, you know the whole nine yards. Unfortunately, as of late I just don't celebrate All Hallows Eve like I used too but, none the less, I would like to share my enthusiasm for the holiday with my online friends; offering some heart felt treats I hope you enjoy.  So please indulge me for a little while, find your inner child, suspend your sense of reality, and imagine yourself "Trick or Treating" deep in the Wallachian forests of Romania... Suddenly in the long dark shadows of the Carpathian Mountains you stumble upon my haunted castle... don't be afraid, I won't bite...hard. So you Knock,Knock,Knock...Trick or Treat! (In a thick and flowing Romanian...
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October 28th, 2009 categories: Distressed Properties Pacific Business News is reporting that Honolulu’s foreclosure rate is up as compared to last year. CLICK HERE TO READ THE ENTIRE POST.
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October 27th, 2009 categories: Honolulu Real Estate 101 With Trulia, Zillow and other sources for real estate information, I am reminded of the problems created by technology in the pre-911 world.  Prior to World Trade Center being hit, the USA’s intelligence community had been relying on our technological superiority in satellites and electronic eves dropping for intelligence on the bad guys.  After 911 it become critically clear that there is no substitute for human beings on the ground. CLICK HERE TO READ THE ENTIRE POST
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October 26th, 2009 categories: Honolulu Real Estate 101, Rants & Riffs The Honolulu Advertiser recently reported that Hainan Airlines was recently approved for weekly flights to Hawaii. “State tourism liaison Marsha Wienert said the first nonstop scheduled service from China to Hawai’i could provide a big boost for the long-anticipated increase in visitors from there.  Wienert said it could begin around the first of next year while the state and the airline earlier had hoped for a start date before the end of this year.  “It’s very good for us,” Wienert said Friday at a meeting of the Hawai’i Tourism Authority. With Hawai’i tourism struggling out of a slump, officials are looking to China as a much needed new market.” CLICK HERE TO READ THE ENTIRE POST
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