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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  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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June 12th, 2009 categories: Honolulu House For Sale, Honolulu Real Estate 101 This is part of my ongoing series concerning preparing to sell you Honolulu home or condominium.  Number two on my list of twelve things to do before you start marketing is as follows. 2. Have your property surveyed by a licensed land surveyor. Paragraph C-42 of the purchase contract (commonly known by Realtors as the “PC”) calls for a land survey of the home lots. 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 )
As some of you already know I'm a big Dutch Modern fan and love the modern design aesthetic of Marcel Wanders and Moooi. Unfortunately when I was in Amsterdam this past winter the Moooi gallery had yet to open it's doors to the public. Finally the highly anticipated moment has arrived and the gallery is poised to release it's new collection in it's new diggs on June 12th 2009. Here's a little peak of what's inside.   Blog Entry: Mod Tips for Home Stagers...Modern News for Modern Styles...   Moooi Gallery Opened June 1st this year and anticipating the release of it's new collection fresh from Milan's Salone di Mobile on June 12th, the gallery will offer lifestyle products, furniture, and l'objet d'art, all within a broader co-existing creative context. The new collection reveals an asso...
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June 11th, 2009 categories: Honolulu House For Sale, Honolulu Real Estate 101 The housing turn over rate in Honolulu is much lower than other parts of the United States.  I have heard that the average homeowner in California will move to a new home every three to five years.  The last number I heard for Oahu is that the average house owner will sell every 18 years (this is an old number).  What does this mean?  Hawaii homeowners have much less experience selling a home than their counter-parts in the mainland. Here are 12 things to do before you start marketing your home. 1.  Order a preliminary title report.   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 )
   In the perpetual pursuit of the perfect accessories... One of my favorite accessories and fine furnishings store INTO is having a 25% to 50% off sale now until the end of June. INTO is located at 40 North Hotel Street near the intersection of Smith and Hotel in Honolulu's historic Chinatown. INTO offers an abundant assortment of furnishings including traditional and contemporary home accessories, furnishings and lighting together with a selection of specialty books from publishers including Assouline, Taschen and teNeues. Owner Alan Carrell offers eco-friendly, socially conscious products from around the world and will be happy to assist you in finding that exceptional conversation piece for your home or design project. Blog Entry: Swept up on an Accessories Quest; we land on Souther...
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By Keahi Pelayo
(KU Realty)
June 8th, 2009 categories: Honolulu Real Estate 101, Rants & Riffs For most of my life Honolulu has had the most expensive housing prices in the nation. Then in the late 1990’s it was surpassed by other locales in the mainland.  Pacific Business News is reporting the following. CLICK HERE TO READ THE ENTIRE POST
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June 4th, 2009 categories: Honolulu Real Estate 101 If you are not a resident of Hawaii and you are thinking about selling a property that you own here, then beware of the withholding tax under HARPTA Tax Law. Here is the short and simple version of the law.  If a non-resident of Hawaii sells a property not exempt from HARPTA, then 5% of the property sales price must be sent to the State of Hawaii. CLICK HERE TO READ THE ENTIRE POST.
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By Keahi Pelayo
(KU Realty)
June 3rd, 2009 categories: Honolulu Real Estate 101 In yesterday’s post, I noted that the Honolulu Board of Realtor monthly statistical report held 5 numbers that might show the Honolulu market in line for a short-term bump. CLICK HERE TO READ THE ENTIRE POST.
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June 2nd, 2009 categories: Honolulu Real Estate 101, Rants & Riffs This month’s Honolulu Board of Realtors statistical report has 18 pages of very interesting information.  Since the report was released yesterday afternoon, Honolulu’s local on-line newspapers (Honolulu Advertiser & Honolulu Star Bulletin) have yet to comment.  If I have to guess, I bet that they will be negative about the market!  Surface numbers such as median prices (down) and year on year sales comparisons (down 43.2%), look negative.  However, if you dig into the report, there are some encouraging numbers.  Here are five (5) that caught my eye. 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)
My daughter Dori attends the University of Hawaii West Oahu Campus for a couple of classes.  At present the West Oahu Campus is located in separate 29 portable classrooms on the Leeward Community College Campus.  Hopefully, the West Oahu Campus will come to life for all who have planned so hard for the Kapolei (Second City) Makai and Mauka Campuses on Oahu. Councilmember Charles Djou represents the 4th Council District (Waikiki to Hawaii Kai).  His father was born in Shanghai, China and raised in Hong Kong and his mother was raised in Bangkok, Thailand. Charles was raised here in Hawaii. Read more on how he got the name DJOU ....HERE. You can read about his many ACHIEVEMENTS and read his RESUME and quite frankly I say that all of his accomplishments, achievements and his resume are quit...
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By Keahi Pelayo
(KU Realty)
May 28th, 2009 categories: Honolulu Real Estate 101 I had a conversation with a person in New York City and I surprise to learn that cooperatives charge a “Flip Tax” when a unit in the building is sold.  Apparently, if you own a cooperative in the City, the coop will paid a percentage of the sales price as a so-called “Flip Tax”. CLICK HERE TO READ THE ENTIRE POST
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By Barbara Abe
(East Oahu Realty)
Honolulu Magazine had an excellent section this month on Green Hawaii, a 32-page guide to living green.  Here are some of their ideas, some of which you may not have considered. 1.  Remove your shoes at home:  dirt on your shoes can carry disease organisms, and reducing dirt lowers the amount of chemicals needed to clean plus vacuum time. 2.  Test your refrigerator:  test the seal by closing the door over a dollar bill.  If it slips out easily, you are losing cool air and wasting electricity. 3.  Test your toilet:  pour a few drops of food coloring into the tank and wait a couple of hours.  If color seeps into the bowl, your toilet flapper is leaking, wasting precious water. 4.  Study the lint trap on your dryer:  not only clean the lint filter every use, but clean the dryer vent now an...
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By Keahi Pelayo
(KU Realty)
May 27th, 2009 categories: Honolulu Real Estate 101 , Rants & Riffs There are old sayings in the Honolulu real estate business, some are true and others are not.  Here are a five that I have found apply. 1.  “Your first offer is your best offer!” I have sold and observed the sale of thousands of properties and more times than not, the offer that gets the seller the most money is the first offer to come in.  Time and again an offer will come in early in the sales process, the price is not quite what a seller wants and a counter offer issued.  After some negotiating, the deal dies and the work to find another offer resumes.  More times than not, the offers that follow are incrementally lower than the first and, ultimately, many sellers wish they would have made the original offer work.  L...
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By Keahi Pelayo
(KU Realty)
May 26th, 2009 categories: Honolulu Real Estate 101 Never fight a self-fulfilling prophecy! Today’s Honolulu Advertiser is reporting an increase in the Consumer Confidence index, the stock market is responding in a positive manner and many economists are saying the worst is behind us. 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 )
 Saturday May 23 and Sunday May 24, 2009; 9:00 a.m. to 5:00 p.m.  In celebration of Maoli Arts Month (MAMo), Bishop Museum will host the Native Hawaiian Arts Market & Keiki Day; co-sponsored with the PAI Foundation. The 4th Annual Native Hawaiian Arts Market and Keiki Arts Festival will feature over 40 Native Hawaiian visual artists, from fine arts to contemporary craftwork.  Highly collectible and of extraordinary quality, featured works will include feather work, silk scarves, turned bowls, carved images, decorated gourds, weaponry, and weaving.   There will be demonstrations throughout the day with workshops, food, entertainment, as well as, arts and crafts for the keiki.  Reduced Admission Rate of $3.00 for kama'āina and military; otherwise, regular admission rates apply - $15.95 Ad...
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By Keahi Pelayo
(KU Realty)
May 21st, 2009 categories: Honolulu Real Estate 101, Rants & Riffs Like most municipalities, the City and County of Honolulu is falling short on the income side of budgetary planning.  In other words, they have more expenses than they have income.  Rather than cutting services, the City Council is attempting to increase property taxes.  Yesterday’s Honolulu Advertiser reports. CLICK HERE TO READ THE ENTIRE POST
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By Hawaii homes
(Century 21 iProperties Hawaii)
This week I had two customers inquiring about condo hotel (condotel) units for sale.  Both customers are investors, hoping to take advantage of lower prices in Hawaii's weak real estate market. We looked at several condotel buildings and the buyers decided on the Ala Moana Hotel Condo.  This is one of the highest-quality condotels around.  In the $100k price range, it is hands down the best.  The economic climate for condotels has changed dramatically recently Here's what we learned as we looked at condotel listings. These days, lenders are very conservative.  There are just a handful of lenders that will make a loan for a condotel unit and those who do will typically require a 40% downpayment!  When room occupancy rates were high and loans were easy to get, prices were higher and inves...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Here is our latest Real Estate merchandising project in the heart of Waikiki, Hawaii. We replaced most of the lighting, installed Berber carpeting, laminate floors(bamboo), replaced the kitchen counter-top, replaced the kitchen sink, repainted the cabinets, inside and out, replaced bathroom vanity, refurbished the furniture, and staged the property.     JDS Consulting- Staging Hawaii nei! Providing Real Estate Merchandising services including: Home Staging, Interior Decor, Turn Key, Landscaping, Remodeling, & Open House Hosting. Visit our Blog: Questions for Kimo: Decor Design & all things Hawaiian- www.RealEstateDesignOnLine.com  tel.+1.808.344.1264  Kimo Stowell Copyright ©2009
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By Keahi Pelayo
(KU Realty)
May 20th, 2009 categories: Honolulu Real Estate 101, Views of Honolulu News sources are reporting that housing starts, on the whole, have dropped significantly.  Yet read into the numbers and you find a different story.  The majority of the drop has been in apartment construction, but new home starts have increased! 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 )
The TOP TEN Differences Between Real Estate Merchandising and Home Staging:Comparing Golden Delicious to Granny Smith:   Knowing whether you need a Home Stager or a Real Estate Merchandiser can save you money, time, and aggravation when it comes to preparing your property for sale. Both professions prep properties for sale but there are subtle and not so subtle differences between the two design denominations that might make one more helpful in your specific selling situation than the other. Below is my Top Ten Differences Between Real Estate Merchandising and Home Staging, hopefully, you may use it as a guide to determine who might serve you better in your "Designed to Sell" needs.   10. Merchandisers often have a well analyzed target market and cater specifically to that market. Stage...
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By Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
(Liberty Homes)
In March of 2007 I joined the  ActiveRain Real Estate Network and started blogging for the first time in my life. It has become my most valuable tool for internet marketing as well as a place to get to know other professionals nationwide that I have ever come across.   Back in January of 2008 nine members of ActiveRain were invited to co-author a book on Technology, Social Media and Blogging.   In March I wrote:  Co-Authoring a Book: "Profit From Technology - A Guide for Today's Real Estate Agent" and now I am proudly announcing the release of this book along with the other co-authors of the book. Following are the Chapters and the members who wrote them: Chapter 1 - Technology: Nemesis or Redeemer?                                                        Carol Smith Chapter 2 - Towards 1...
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