Honolulu, HI Real Estate News

By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 The team at HI Pro Realty would like to wish you a healthy and safe 4th of July 2020!  Be akamai, practice social distancing for your loved ones sake and Don't Drink and Drive!  For expert Real Estate sales and service in Honolulu,contact us today https://www.hiprorealty.com   
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(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 verify  Lender Term/Type Interest Rate % Points % *APR Aloha Pacific Federal Credit Union531-3711NMLS#377314 15-YR Fixed 2.500 0.125 2.661 30-YR Fixed 2.750 0.625 2.878 5-YR ARM 2.500 0.000 2.742 American Savings Bank, F.S.B593-1226NMLS#423168 15-YR Fixed 2.125 1.875 2.476 30-YR Fixed 2.625 2.250 2.849 5-YR ARM 3.000 0.000 3.214 Bank of Hawaii877-616-2636NMLS# 15-YR Fixed 2.375 1.250 2.553 30-YR Fixed 3.000 0.375 3.029 5-YR ARM 2.375 0.625 2.835 Central Pacific Bank544-0500NMLS#416603 15-YR Fixed 2.250 1.250 2.591 30-YR Fixed 2.625 1.625 2.804 5-YR ARM 2.750 0.000 3.034 Finance Factors, Ltd.548-3300NMLS#449916 15-Y...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 Local Market Update - Downtown and Nu‘uanu Honolulu, May 2020   Single  Family Homes       May Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 10 / 17  -41% 50 / 72  -31% Closed Sales 5 / 8   -38% 27 / 37   -27% Median Sales Price $880,000 / $722,000  22%  $880,000 / $880,000  0%   Percent of Original     List Price Received 95.5% / 93.2%  2% 95.4% / 96.2%  -2% Median Days on Market Until Sale 21 / 25  -16% 27 / 29  -7% Inventory of Homes for Sale 30 / 42  -29% ---   Condos May Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 31 / 57  -46% 211 / 332  -36% Closed Sales 18 / 39  -54% 140 / 186  -25% Median Sales Price $657,000 / $548,000  20% $575,0000 / $580,000  -1% Percent of Original List Price Received 94.9% / 100.0%  -5% 96.6% / 97.5%  -1% Median Days...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 Don't miss an opportunity to have your generous donation toward animals in need on O'ahu, doubled!  An anonymous Hawaiian Humane supporter recently pledged a $100,000 matching challenge in honor of Twinkle, their childhood cat. Put the twinkle in an animals eyes by donating by June 30th 2020 and supporting the services of the Hawaiian Humane Society and it's community outreach. From May 1 through June 30, all donations up to $100,000 will now be matched, doubling your contribution! Donate today to help animals in need on Oahu.      For Expert Real Estate Sales and Pet Friendly Property ManagementCONTACT 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 -Diamond Head & Kapahulu May 2020   Single Family Homes May Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 21 / 40  -48% 111 / 162  -35% Closed Sales 17 /  24  -29% 61 / 84  -27% Median Sales Price $965,000 / $1.051M  -8% $950,000 / $1.08M  -12%     Percent of Original List Price Received 97.2% / 96.7%  1% 96.1% / 97.1%  -1% Median Days on Market Until Sale 22 / 11  100% 30 / 16  88% Inventory of Homes for Sale 103 / 116  -11% --- Condos May Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 8 / 9  -11% 45 / 62  -27% Closed Sales 2 / 8  -75% 20 / 41  -51% Median Sales Price $269,500 / $1,037  -74% $574,500 / $540,000  6% Percent of Original List Price Received 98.1% / 105.3%  -7% 99.0% / 94.9%  4% Median Days on Market Until Sale 43 / 2...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 Local Market Update - Makiki and Moili‘ili Honolulu, May 2020   Single  Family Homes  May Year to Date 2020 / 2019 Change  2020 / 2019 Change         New Listings 10 / 13  -23% 70 / 85  -18% Closed Sales 5 / 12  -58% 39 / 51  -24% Median Sales Price  $1.275M / $1.1525M  11%  $1.19M/ $1.155M  3% Percent of Original  List Price Received 98.2% / 96.0%  2% 94.7% / 92.4  2% Median Days on Market Until Sale 16 / 16  0% 32 / 25  28% Inventory of Homes for Sale 61 / 61  0% ---    Condos April Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 41 / 82  -50% 293 / 367  -20% Closed Sales 23 / 55  -58% 179 / 197  -9% Median Sales Price $369,000 / $355,000  4% $385,000 / $355,000  8% Percent of Original List Price Received 96.7% / 92.2%  5% 96.6% / 97.0%  0% Median Days on Market Until...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 KE'EAUMOKU TOWERS is a mixed-use condo project being developed on Ke'eaumoku Street near Walmart, offering approximately 1000 moderately priced market and affordable housing units.  The 3.5 acre site fronting Keeaumoku Street encircled by Rycroft and Liona Streets will contain two high-rise towers with parking, an approximately 0.5 acre park, and roughly 88,000 square feet of commercial space. The official name of the project has yet to be announced. Keeaumoku Development LLC, teamed with Design Partners Inc. are the developers for the Keeaumoku Towers project.  Design Partners previous credits include The Collection, The Central Ala Moana, Kapilolani Residence, and Waihonua.    There are currently 3 other residential condominium projects, as well as, the Mandarin Oriental Residences a...
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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 and Kaka‘ako Honolulu - May 2020   Single   Family Homes May Year to Date 2020 / 2019 Change           2020 / 2019 Change New Listings 2 / 0  0% 6 / 2  200%  Closed Sales 0 / 0  0% 4 / 1  300% Median Sales Price $0.0 / $0.0  0% $927,000/ $945,000  -2%  Percent of Original List Price Received 0.0% / 0.0%  0% 93.9% / 87.9%  7% Median Days on Market Until Sale 0 / 39  0% 15 /  39  -62% Inventory of Homes for Sale 2 / 3  -33% ---        Condos   May Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 59  /  84  -30% 340  / 409  -17%   Closed Sales 18 / 50   -64% 157 / 206  -24% Median Sales Price $724,500 / $766,500  -5%    $699,500 / $645,000  7%    Percent of Original List Price Received 96.7% / 98.3%  -2%    96.6% / 97.8%  -1%   Median Days o...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 Local Market Update - The Waikiki Neighborhood of Honolulu - MAY 2020  Single Family Homes May Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 1 / 0  0% 3 / 1  200% Closed Sales 0 / 0  0% 0 / 0  0% Median Sales Price $0.0  / $0.0  0% $0.0 / $0.0  0% Percent of Original List Price Received 0.0% / 0.0% 0.0% / 0.0%  0% Median Days on Market Until Sale 0 / 0  0% 0 / 0  0% Inventory of Homes for Sale 3 / 0  0% ---     Condos May Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 140 / 158  -11% 671 / 843  -20% Closed Sales 30 / 91  -67% 286/ 407  -30% Median Sales Price $333,000 / $400,000  -17% $380,000 / $397,750  -4% Percent of Original List Price Received 93.3% / 96.8%  -4% 95.2% / 97.4%  -2% Median Days on Market Until Sale 52 / 32  63% 42 / 34  36% Invento...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 For some, Covid-19 has attacked their physical health with deadly consequences but for many others the effects of the mandatory quarantines set in place around the globe has savaged their financial health with devastating results. With no clear indication of what the world might look like in 6 months, uncertainty abounds.  Questions you should be asking yourself if you are at risk of foreclosure should be addressed now. Don't wait to ask questions and find solutions if you are struggling to make your mortgage payments. The longer you wait the more difficult it will become to find preventative solutions.  Has your financial situation changed due to the effects of Covid-19 quarantine and you don't know what to do? Don't ignore the problem, do something about it TODAY! Is your credit card...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Beginning July 1, New Rules for Pet Identification in HonoluluAll cats and dogs on Oahu over the age of four months must have microchip identification. A microchip is the safest and most reliable way to ensure your lost pets find their way home. Unlike a tag, it cannot be lost. Once implanted, it is permanent. Only the owner information attached to it has to be updated if you move or re-home your pet. A collar, ID tag and microchip help the Hawaiian Humane Society reunite thousands of animals with their owners every year. Visible identification, via a tag or collar with the owner’s phone number, is still strongly recommended for dogs. Cats six months or older that are allowed outdoors are legally required to wear a collar with an identification tag and/or a microchip. Make an Appointm...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  O‘AHU REAL ESTATE MARKET  SHOWS SIGNS OF IMPROVEMENT  Sales for single-family homes and condos are still down, but new listings and new escrow volume see month-over-month growth.   HONOLULU – According to resales figures released this week by the Honolulu Board of REALTORS®, the O‘ahu real estate market continued to see muted activity as a result of the COVID-19 pandemic that began in late March. Single-family homes sales were down 22.5%, and condominium sales saw a steep 51.2% decline compared to May 2019. Median sales prices were mixed with the single-family home median up 3.5% to $797,000, while the condo median sales price declined by 4.4% to $399,000.   Using data collected from its computerized Multiple Listing Service (MLS) system, the Board reported the following statistics: ...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Hawaii HomeOwnership Center    Buying a home in Hawai'i can be an intimidating experience, add in the challenge of being a first time home buyer and the experience can seem almost impossible. The mission of the Hawai'i HomeOwnership Center is to provide education, information and support to create successful first-time homeowners here in the islands.  By setting a course to overcome obstacles and increase rates of home ownership, the HomeOwnership Center seeks to build stronger families and communities throughout the state. Their vision is to substantially increase the number of successful homeowners by reaching out to low- and moderate-income families who never believed they would become homeowners. Why should you come to the Hawaii HomeOwnership Center?The Center provides you with th...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 Local Market Update - Downtown and Nu‘uanu Honolulu, April 2020   Single  Family Homes       April Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 9 / 10  -10% 40 / 55  -27% Closed Sales 6 / 14   -57% 22 / 29   -24% Median Sales Price $975,000 / $881,250  11%  $927,000 / $890,000  4%   Percent of Original     List Price Received 98.5% / 95.5%  3% 95.4% / 96.2%  -1% Median Days on Market Until Sale 24 / 20  20% 29 / 29  0% Inventory of Homes for Sale 30 / 35  -14% ---   Condos April Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 22 / 61  -64% 180 / 275  -35% Closed Sales 27 / 51  -47% 122 / 147  -17% Median Sales Price $455,000 / $580,000  -22% $570,0000 / $580,000  -2% Percent of Original List Price Received 98.5% / 97.5%  1% 97.0% / 93.2%  4% Median Da...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 2021 Pets in Paradise Calendar ContestHelp support the life-changing programs and services at the Hawaiian Humane Society and showcase your pet pal by entering the 2021 Pets in Paradise Calendar™ Contest. For just $25 you may Submit your pet's photo  and encourage your ‘Ohana and friends to vote for your fuzz buddy with a $1 per-vote donation ($5 minimum). Photo submissions and votes will be accepted June 1 through June 30, 2020. Refer to the Rules page to ensure your photo meets the requirements to be eligible for calendar consideration. For sponsorship inquiries or contest questions, please contact Director of Development, KC Collins at 808-356-2213 or kcollins@hawaiianhumane.org. Entering:Entrants may enter as many photos as they would like for a $25 donation per entry. Entries must...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 Local Market Update -Diamond Head & Kapahulu April 2020   Single Family Homes April Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 17 / 36  -53% 90 / 132  -32% Closed Sales 10 /  21  -52% 44 / 60  -27% Median Sales Price $1.040M / $1.03M  1% $942,500 / $1.0975M  -14%     Percent of Original List Price Received 98.1% / 93.6%  5% 95.5% / 98.0%  -3% Median Days on Market Until Sale 21 / 42  -50% 37 / 20  85% Inventory of Homes for Sale 96 / 115  -17% --- Condos April Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 8 / 14  -43% 37 / 53  -30% Closed Sales 3 / 10 -70% 18 / 33  -45% Median Sales Price $548,000 / $572,500  -4% $600,000 / $525,000  14% Percent of Original List Price Received 97.3% / 93.2%  4% 99.0% / 97.2%  2% Median Days on Market Until Sale 23...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 Local Market Update - Makiki and Moili‘ili Honolulu, April 2020   Single  Family Homes  April Year to Date 2020 / 2019 Change  2020 / 2019 Change         New Listings 3 / 17  -82% 60 / 72  -17% Closed Sales 7 / 7  0% 34 / 39  -13% Median Sales Price  $920,000 / $1.335M  -31%  $1.19M/ $1.16M  3% Percent of Original  List Price Received 97.1% / 91.0%  -5% 94.3% / 92.2%  2% Median Days on Market Until Sale 9 / 36  -75% 33 / 34  -3% Inventory of Homes for Sale 59 / 68  -13% ---    Condos April Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 39 / 66  -41% 252 / 285  -12% Closed Sales 43 / 32  34% 156 / 142  1% Median Sales Price $419,000 / $351,500  19% $388,000 / $355,000  9% Percent of Original List Price Received 96.4% / 97.6%  -1% 96.6% / 98.6%  -2% Median Days on Market...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 Bill 59  (2019), FD1, CD2RELATING TO ANIMALS On January 29, 2020, Bill 59 was adopted by the Honolulu City Council to address animal welfare issues in the City and County of Honolulu. The bill represents the most significant advancement in Oahu’s animal laws in 25 years and was sponsored by Council member Ann Kobayashi. The bill is awaiting Mayor Kirk Caldwell's signature and its provisions will take effect on July 1, 2020. Over the 2020 legislative session, the Hawaiian Humane Society worked with the Honolulu City Council on a comprehensive update to Honolulu county animal welfare laws. Bill 59 was put together to help the Humane Society save lives by increasing the number of pets with permanent identification, making abandoned animals available for adoption more quickly, reducing the...
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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 and Kaka‘ako Honolulu - April 2020   Single   Family Homes April  Year to Date 2020 / 2019 Change           2020 / 2019 Change New Listings 0 / 1  0% 4 / 2 100%  Closed Sales 0 / 1  0% 4 / 1  300% Median Sales Price $0.0 / $945,000  0% $927,000/ $945,000  -2%  Percent of Original List Price Received 0.0% / 87.9%  0% 93.9% / 87.9%  7% Median Days on Market Until Sale 0 / 39  0% 15 /  39  -62% Inventory of Homes for Sale 0 / 2  0% ---        Condos   April Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 49  /  77  -36% 281  / 325  -14%   Closed Sales 25 / 44   -43% 139 / 156  -11% Median Sales Price $799,000 / $717,500  11%    $697,500 / $625,000  12%    Percent of Original List Price Received 97.9% / 92.1%  6%    96.6% / 96.2%  0%   Media...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 Local Market Update - The Waikiki Neighborhood of Honolulu - April 2020  Single Family Homes April Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 0 / 0  0% 2 / 1  100% Closed Sales 0 / 0  0% 0 / 0  0% Median Sales Price $0.0  / $0.0  0% $0.0 / $0.0  0% Percent of Original List Price Received 0.0% / 0.0% 0.0% / 0.0%  0% Median Days on Market Until Sale 0 / 0  0% 0 / 0  0% Inventory of Homes for Sale 2 / 1  100% ---     Condos April Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 116 / 154  -25% 531 / 685  -22% Closed Sales 57 / 89  -36% 256/ 316  -19% Median Sales Price $425,000 / $472,500  -1% $402,500 / $397,500  -2% Percent of Original List Price Received 97.2% / 94.9%  2% 95.5% / 99.4%  -4% Median Days on Market Until Sale 30 / 44  -32% 42 / 34  24% ...
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