Honolulu, HI Real Estate News

By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
The Hawaiian Humane Society’sPet Food Bank has distributed food to thousands of pets and their people since its creation in 2010. Providing temporary assistance to those in need of food for their animals, the Pet Food Bank program is run solely through donations from the community, pet stores and the Hawaii Food Bank.  Donate:Donations of unopened, unexpired, pet food and other supplies needed for outreach programs are accepted at the Hawaiian Humane Society. Dry or canned dog / cat food Dry kitten / puppy food Collars (all sizes) Leashes (all sizes, non-retractable)  How to Apply for Pet Food Bank Assistance:Visit Hawaiian Humane’s Adoptions Center, located at our Mo’ili’ili campus, during regular business hours. Weekdays – 11 am to 7 pm Weekends – 10 am to 4 pm Holidays – Hours vary  ...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  OAHU HOUSING MARKET HOLDING STRONG  Record low mortgage rates continue to drive healthy market activity   HONOLULU – According to resales figures released this week by the Honolulu Board of REALTORS®, single-family home sales performed strongly again in February with a healthy year-over-year increase of 18.8%, while condo sales saw a slight dip of 1.6%. 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 February 2020   247 $765,000   February 2019   208  18.8% $789,000   -3%  Condominium Resales   Number of Sales Median Sales Price February 2020   316 $430,000   February 2019   321  -1.6% $415,000  3.6%   “While COVID-19 presents new concerns and...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Cinema In The Park in Kakaako March 11th* The Secret Life of Pets 2March 11, 2020  -  6:00 PM until 8:00 PM The Hawaii International Film Festival and Ward Village in collaboration to deliver top notch films, special guests, and fun activities to the Honolulu community offers March's Feature Film: The Secret Life of Pets 2. Bring your blankets and enjoy films under the stars during the Cinema in the Park, held the second Wednesday of each month at Victoria Ward Park in Kaka‘ako. Admission:Free tickets are required; please RSVP to reserve your place. Location:Victoria Ward Park1022 Auahi StreetHonolulu, HIWebsite:https://www.wardvillage.com/event/cinema-in-the-park/ A different film is featured monthly, on the second Wednesday of March, April, May, June, July, August, September, October,...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
 Feeling Hot, Hot, Hot On O‘ahu, 2019 was THE hottest year in recorded history according to the National Oceanic and Atmospheric Administration. City and County of Honolulu reported record breaking heat 135 times and the record for daily high temperature was tied 138 times, according to Honolulu Magazine.  Aug. 31, 2019 was the hottest day of the year. The heat map of the island recorded 77,456 measurements of temperature at various times of the day. The stifling temperatures continued through September with record-tying or record-breaking temperatures reported on all but four days that month. In addition to the thermometer reading, NOAA uses the heat index which is similar to the wind chill factor, to describe the temperature as it feels like outside. The index accounts for factors suc...
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By inboundREM Market Updates
(InboundREM)
Key Things To Consider When Buying a Condo in Honolulu, HILocationLocation is the most crucial aspect a home buyer has to consider when looking to purchase a condo in Honolulu. Many buildings in the city offer easy access to the various tourist, commercial, and business centers in the region.Monthly FeesMonthly fees are a set amount of money you pay the association to allow them to maintain the building and its amenities. This fee typically varies depending on the size of the unit you are buying. If you plan to purchase a new condo in the city, you'll want to factor in this fee to your budget.Property ManagerThe property manager is the person who manages the maintenance of the building and its day to day functions. Rules and RegulationsFamiliarize yourself with the various rules and reg...
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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 Acclaim Capital Mortgage - a Kama'aina Company383-5931NMLS#304090 15-YR Fixed 2.875 0.000 2.875 30-YR Fixed 3.250 0.000 3.266 5-YR ARM       Aloha Pacific Federal Credit Union531-3711NMLS#377314 15-YR Fixed 2.625 0.875 2.896 30-YR Fixed 3.000 1.250 3.181 5-YR ARM 2.750 0.750 3.622 American Savings Bank, F.S.B593-1226NMLS#423168 15-YR Fixed 2.500 1.625 2.821 30-YR Fixed 3.000 1.875 3.200 5-YR ARM 2.500 0.000 3.040 Bank of Hawaii877-616-2636NMLS# 15-YR Fixed 2.500 1.875 2.769 30-YR Fixed 3.250 0.500 3.290 5-YR ARM 2.375 -0.125 3.503 Central Pacific Bank544-0500NM...
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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, January 2020  Single  Family Homes       January Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 11 / 14  -21% 11 / 14  -21% Closed Sales 5 / 4   25% 5 / 4   25% Median Sales Price $980,000 / $1.135M  -14%  $980,000 / $1.135M  -14%   Percent of Original     List Price Received 91.7% / 94.6%  -14% 91.7% / 94.6%  -14% Median Days on Market Until Sale 66 / 38  74% 66 / 38  74% Inventory of Homes for Sale 27 / 39  -31% ---   Condos January Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 63 / 90  -30% 63 / 90  -30% Closed Sales 28 / 24  17% 28 / 24  17% Median Sales Price $532,000 / $640,000  -17% $532,000 / $640,000  -17% Percent of Original List Price Received 97.1% / 96.7%  0% 97.1% / 96.7%  0% Median Da...
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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 January 2020   Single Family Homes January Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 25 / 39  -36% 25 / 39  -36% Closed Sales 7 / 18  -61% 7 / 18  -61% Median Sales Price $900,000 / $1.2625M  -29% $900,000 / $1.2625M  -29%     Percent of Original List Price Received 97.5% / 96.3.5%  1% 97.5% / 96.3%  1% Median Days on Market Until Sale 18 / 17  6% 18 / 17  6% Inventory of Homes for Sale 89 / 90  -1% --- Condos January Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 6 / 11  -45% 6 / 11  -45% Closed Sales 4 / 6  -33% 4 / 6  -33% Median Sales Price $574,500 / $387,500  48% $574,500 / $387,500  48% Percent of Original List Price Received 100.0% / 95.7%  4% 100.0% / 95.7%  4% Median Days on Market Until Sale ...
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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, January 2020   Single  Family Homes  January Year to Date 2020 / 2019 Change  2020 / 2019 Change         New Listings 23 / 23  0% 23 / 23  0% Closed Sales 11 / 9  22% 11 / 9  22% Median Sales Price  $1.150M / $1.1175M  3%  $1.150M/ $1.1175M  3% Percent of Original  List Price Received 91.1% / 93.4%  -2% 91.1% / 93.4%  -2% Median Days on Market Until Sale 48 / 32  50% 48 / 32  50% Inventory of Homes for Sale 57 / 68  -16% ---    Condos January Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 86 / 81  6% 86 / 81  6% Closed Sales 35 / 31  13% 35 / 31  13% Median Sales Price $365,000 / $358,000  2% $365,000 / $358,000  2% Percent of Original List Price Received 96.7% / 95.5%  1% 96.7% / 95.5%  1% Median Days on Market Unti...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
PAWS of Hawai‘i’sPuppy Kisses & Lululemon Adoption Event Feb 23, 2020 11:00 AM - 3:00 PM Join us for an afternoon of puppy kisses at Lululemon in Ala Moana shopping center. We will have absolutely adorable pups and small dogs for adoption from 11 a.m. until 3 p.m.   Want to learn more about how you can help rescued dogs? Come on by to visit us. Stop on by with any donation for the dogs or to just say aloha!  Admission: Free  Location: Lululemon at Ala Moana Mall 1450 Ala Moana Blvd Unit 2720 Honolulu, HI  Website:https://www.pawsofhawaii.org/      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 - Ala Moana and Kaka‘ako Honolulu - January 2020   Single   Family Homes January Year to Date 2020 / 2019 Change           2020 / 2019 Change New Listings 2 / 1  100% 2 / 1 100%  Closed Sales 0 / 1  0% 1 / 0  0% Median Sales Price $950,000.0 / $0.0  0% $950,000/ $0  0%  Percent of Original List Price Received 95.1% / 0.0%  0% 95.1% / 0.0%  0% Median Days on Market Until Sale 13 / 0  0% 13 /  0  0% Inventory of Homes for Sale 3 / 3  0% ---        Condos   January Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 90  /  90  0% 90  / 90  0%   Closed Sales 43 / 33   30% 43 / 33  30% Median Sales Price $670,000 / $59,000  13%    $670,000 / $595,000  13%    Percent of Original List Price Received 95.5% / 96.7%  -1%    95.5% / 96.7% -1%   Median Days on Mark...
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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 - January 2020  Single Family Homes January Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 0 / 1  0% 0 / 1  0% 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 / 2  50% ---     Condos January Year to Date 2020 / 2019 Change 2020 / 2019 Change New Listings 134 / 201  -33% 134 / 201  -33% Closed Sales 64 / 53  21% 64 / 53  21% Median Sales Price $410,000 / $346,000  18% $410,000 / $346,000  18% Percent of Original List Price Received 96.0% / 89.9%  7% 96.0% / 89.9%  7% Median Days on Market Until Sale 51 / 37 38% 51 / 37  7% Inve...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Lawsuits Embroil Developer of 2 Planned Honolulu Condo Towers As reported by Honolulu Star-Advertiser last week, a couple of dozen investors from China and Japan have filed suit against the developer of a pair of controversial Honolulu Residential Real Estate development projects. Investors in the Hawaii City Plaza and Hawaii Ocean Plaza said they put a total of about $10 million into the Makaloa and Sheridan Street apartments in 2016, hoping their investment would help them obtain a green card. But the projects are now stalled, and the investors alleged that the developer is responsible. It's not news to anyone that Hawai'i suffers from an affordability issue when it comes to Real Estate. The State of Hawai'i and the City of Honolulu have established guidelines for new development to i...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Hawaii Business Magazine presents six CHANGE Events* covering Hawai‘i’s most important issues: Community & Economy, Health & Wellness, Arts & Culture, Natural Environment, Government & Civics, and Education.    Hear from speakers about key developments in each area: Growing and strengthening the local economy through innovation and diversification Supporting the ALICE families and getting them on a sustainable footing Increasing Hawaii's supply of affordable housing  Be inspired by how the Hawai‘i business community is taking action. Learn how to get involved and network with like-minded people at the after-panel pau hana.**** Hosted drinks and pupus served immediately after panel discussion. Panelists: Rich Wacker – President & CEO, American Savings Bank Norm Baker – COO and Interim CE...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Foster Care OrientationSaturday, February 22, 2020 8:00 am - 9:00 am  Sign up for the Foster Care Orientation and become a part of the Hawaiian Humane Society’s Foster Care Program. Foster families help save thousands of lives each year. The one-hour orientation includes an overview of the program, in-home care requirements and more. No other training is necessary to participate in this program. Animals in foster care may not meet the minimum age/weight requirement for sterilization, require medication or are in need of socialization. Also, there is a need for foster volunteers to help with the temporary care of animals. The length of the fostering period may vary. Must be at least 18 years old and have the time to care for animals in your home. This program can also help students ful...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  OAHU SINGLE FAMILY AND CONDO SALES UP IN 2020  Positive momentum in Oahu real estate market activity continues with a 12.6% year-over-year increase in total sales   HONOLULU – According to resales figures released December 6th by the Honolulu Board of REALTORS®, Oahu single-family home and condominium combined sales rose 12.6% over January 2019. Single-family home sales were up 7.7% and condominium sales were up 16.3% for the month. The median price for single-family homes saw a slight increase of 0.3% to $770,000 while condos saw a 7.5% increase to $429,000 compared to the same time last year. 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 Ja...
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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 2.750 1.250 3.078 30-YR Fixed 3.125 1.500 3.328 5-YR ARM 3.250 0.500 3.939 American Savings Bank, F.S.B593-1226NMLS#423168 15-YR Fixed 2.500 2.000 2.876 30-YR Fixed 3.125 2.000 3.338 5-YR ARM 2.375 0.000 2.997 Bank of Hawaii877-616-2636NMLS# 15-YR Fixed 2.625 1.875 2.895 30-YR Fixed 3.250 1.000 3.330 5-YR ARM 2.375 0.750 3.730 Central Pacific Bank544-0500NMLS#416603 15-YR Fixed 2.500 2.000 2.884 30-YR Fixed 3.125 1.750 3.322 5-YR ARM 2.875 0.000 4.004 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 )
  “We, the Voyagers” Documentary Film Screening on Polynesian Voyaging Traditions in the Solomon Islands Jan 31, 2020 - 5:30 PM until 8:30 PM  A special screening in Bishop Museum’s Atherton Halau of the new two-part documentary We, the Voyagers, about ethnically Polynesian voyagers in the Solomon Islands, who share their history, motivations, and skills through storytelling, canoe building, and wayfinding.  The intrepid sailors use only the traditional designs, materials, and methods of their cultural hero Lata, who according to legend built the first voyaging canoe (vaka) and navigated to distant islands.  Each film is 60 minutes, with a short intermission between the two screenings. Hosted by Bishop Museum and cosponsored by the East-West Center, the evening will be led by Dr. Marian...
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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, December 2019  Single  Family Homes       December Year to Date 2019 / 2018 Change 2019 / 2018 Change New Listings 6 / 9  -33% 152 / 134  13% Closed Sales 8 / 8  0% 90 / 84  7% Median Sales Price $926,900 / $1.219M  -24%  $917,500 / $952,500 -4%   Percent of Original     List Price Received 96.9% / 84.7%  14% 96.2% / 97.0%  -1% Median Days on Market Until Sale 24 / 43  -44% 25 / 22  14% Inventory of Homes for Sale 28 / 36  -22% ---   Condos December Year to Date 2019 / 2018 Change 2019 / 2018 Change New Listings 39 / 36  8% 720 / 614  1% Closed Sales 35 / 27  30% 437 346  1% Median Sales Price $679,000 / $615,000  10% $590,000 / $530,000  1% Percent of Original List Price Received 97.3% / 96.1%  1% 97.6% / 96.5% 1% Median Days on Mar...
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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 Dec. 2019   Single Family Homes December Year to Date 2019 / 2018 Change 2019 / 2018 Change New Listings 12 / 19  -37% 350 / 296  18% Closed Sales 14 / 10  40% 222 / 182  22% Median Sales Price $962,500 / $1.035M  -7% $1.050M / $1.063M  -1%     Percent of Original List Price Received 98.7% / 88.5%  12% 96.4% / 97.5%  -1% Median Days on Market Until Sale 10 / 28  -64% 18 / 16  13% Inventory of Homes for Sale 91 / 83  10% --- Condos November Year to Date 2019 / 2018 Change 2019 / 2018 Change New Listings 10 / 12  -17% 147 / 139  6% Closed Sales 8 / 1  700% 85 / 78  9% Median Sales Price $862,500 / $1,330,000  -35% $543,500 / $555,000  -2% Percent of Original List Price Received 100.0% / 85.8%  17% 97.1% / 99.3%  -2% Median Days on Market Until...
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