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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  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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December 14th, 2009 categories: Honolulu Real Estate 101, Military I just received an email notifying me of a change in the maximum VA loan amounts for Hawaii. CLICK HERE TO READ THE ENTIRE POST.
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December 9th, 2009 categories: Honolulu Real Estate 101 Pacific Business News is reporting that Roost.com, a new real estate search engine, is launching its service in Honolulu.  I was excited to see what Roost is bringing to the game and went to play with their site.  Guess what? 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 December 2, 2009. ALA MOANA NEW CONDO LISTINGS DIAMOND HEAD NEW CONDO LISTINGS DOWNTOWN/CHINATOWN NEW CONDO LISTINGS KAKAAKO NEW CONDO LISTINGS KAPIOLANI NEW CONDO LISTINGS - No New Listings This Week MAKIKI NEW CONDO LISTI...
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By Keahi Pelayo
(KU Realty)
December 7th, 2009 categories: Honolulu House For Sale Here is a penthouse unit for the person who wants insane views of Honolulu, city lights and the Koolau mountains.  Centrally located in Waikiki on the Ala Wai canal, just across the McCully bridge.  The following are the details of the unit. CLICK HERE TO READ THE ENTIRE POST.
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By Keahi Pelayo
(KU Realty)
December 3rd, 2009 categories: Honolulu Real Estate 101 The Chicago Tribune is reporting that mortgage interest rates have hit an all-time low. “The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs. The rate, published Thursday by Freddie Mac, is the lowest since the mortgage finance company began tracking the data in 1971. The previous record of 4.78 percent was set during the week ending April 30 and matched last week.” CLICK HERE TO READ THE ENTIRE POST. What does this mean for Honolulu home and condo sales? CLICK HERE TO READ THE ENTIRE POST.
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December 2nd, 2009 categories: Honolulu Real Estate 101, Rants & Riffs I haven’t seen anything posted by the Honolulu Advertiser or Honolulu Star Bulletin regarding the recently released November Honolulu Board of Realtors statistical report, however, it is going to be fun to read how they spin the information.  From my perspective, it is the best report that I have seen in over a year. Other than a miniscule drop in the median sales price of houses, all of these numbers look great! Below is a summary of the salient statistics. 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 December 2, 2009. ALA MOANA NEW CONDO LISTINGS DIAMOND HEAD NEW CONDO LISTINGS - No New Listings This Week DOWNTOWN/CHINATOWN NEW CONDO LISTINGS KAKAAKO NEW CONDO LISTINGS KAPIOLANI NEW CONDO LISTINGS MAKIKI NEW CONDO LISTIN...
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December 1st, 2009 categories: Honolulu Real Estate 101 I just did a quick review of the latest Honolulu Board of Realtors statistical report (it was released at 7:45 tonight) and I was surprised to see a drop in available single-family home listings to 1,199. CLICK HERE TO GO TO READ THE ENTIRE POST AND GET THE WHOLE REPORT.
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By Keahi Pelayo
(KU Realty)
December 1st, 2009 categories: Rants & Riffs Realtors not only sell homes, but we are one of the prime protectors of private property rights.  The Supreme Court’s “Kelo” decision of 2005 opened the door for government to take private property for private use and now a decision in New York relies on this case to take land for a new NBA arena. CLICK HERE TO READ THE ENTIRE POST.
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November 30th, 2009 categories: Honolulu Real Estate 101 Many Honolulu Realtors, sellers and buyers take most or part of the month of December off from actively working in the real estate market.  I have always thought that this is a mistake.  December can be a very good month for both buyers and sellers. Here are the opportunities. For Buyers 1.  Many sellers take their properties off of the market during the holidays. Some of the sellers that are on the market are seriously motivated.  Therefore, a December buyer may be able purchase a home or condo at terms that are favorable to the buyer. CLICK HERE TO READ THE ENTIRE POST.
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By Barbara Abe
(East Oahu Realty)
I found a great site, Sugar Mill Vet Center on St Croix, which furnishes links for pet owners.  Since many parents consider giving the gift of a pet for Christmas - but pets are also being "donated" in the thousands to shelters nationwide because of owners' financial difficulties - here are some sites which will give you more information and help you consider the needs of our furry best friends. Choosing a New Puppy Breeds of Dogs Heartworm Society Behavior Problems National Animal Poison Control Center Cat Fancier's Assn USDA Animal & Plant Health Inspection Service Novartis Animal Health Rainbow Bridge American Animal Hospital Assn US Veterinary Schools Humane Society American Society for the Prevention of Cruelty to Animals American Assn of Feline Practioners Vet Information Network ...
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By Keahi Pelayo
(KU Realty)
November 23rd, 2009 categories: Honolulu Real Estate 101 Until I read a recent article in the Honolulu Star Bulletin, I would have told you that crime in Honolulu is higher than it used to be (not that it was bad).  This may be because murder, mayhem, child abduction and their ilk are splashed across headlines in newspapers, radio and TV.  In my case, I have not had any significant exposure personally to issues related to crime, but my gut told me there is more crime now.  The Star Bulletin reported the following. “Crime in Hawaii has fallen to its lowest level since data collection started in 1975, with theft and murder rates plunging over the past decade.” CLICK HERE TO READ THE ENTIRE POST.
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By Barbara Abe
(East Oahu Realty)
A new forecast released by the University of Hawai'i Economic Research Organization says some smaller Asian economies are leading a rebound, but that larger nations, notably the U.S. and Japan, will have less growth. "The anticipated slow pace of global growth will likely mean a sub-par recovery for Hawai'i," said the report being released today. The forecast concentrates on global economics and is a predecessor to one focusing solely on Hawai'i that will be released next month.  One positive is the stronger yen against the dollar, which might result in higher Japanese tourist spending. Experts agree that Hawaii's rebound from the economic doldrums will depend on the state's leading industry, tourism.  "Growth has also returned to the U.S. and Japan, but the depth of the decline, lost h...
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By Keahi Pelayo
(KU Realty)
November 20th, 2009 categories: Honolulu Real Estate 101, Rants & Riffs The Honolulu Advertiser headline reads, “Foreclosure in Isles 10th worst in nation” and its first paragraph articulates the following. “Slightly fewer home foreclosure cases in Hawai’i were begun in the third quarter compared with the second quarter, but the number of pending foreclosures and the number of delinquent mortgages that aren’t yet in foreclosure both rose.” CLICK HERE TO READ THE ENTIRE HONOLULU ADVERTISER ARTICLE As a Honolulu real estate broker, I see both good and bad news in the numbers.  My beef... 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 )
Do Your Clients Bathroom or Kitchen Cabinets Need a Face Lift? Often times a small remodeling budget precludes any cabinet updating save for a few coats of paint. If you have dowdy laminate cabinets, paint usually doesn't make the grade when trying to give an attractive update to an old kitchen or bathroom, mainly because laminate does not hold the paint very well and can peal off easily and or bubble in humid environments. The steam from your shower or boiling pot of pasta can ruin the paint job faster than you can say spaghetti carbonara. As most sellers are under a tight budget these days a cost effective alternative to cabinet replacement or painting is hardwood veneer laminate. Not only does it improve the look of old cabinets it can add quantifiable value to your property for sale...
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By Keahi Pelayo
(KU Realty)
November 19th, 2009 categories: Honolulu Real Estate 101 I could have told you this, but BusinessWeek did the work to confirm it (as reported in Pacific Business News). CLICK HERE TO READ THE ENTIRE POST.
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By Keahi Pelayo
(KU Realty)
November 18th, 2009 categories: Rants & Riffs During my daily work out I was thinking about things that I believe and then I thought this might make an interesting blog post.  If anything it will be cathartic for me, anyway, here goes. CLICK HERE TO READ THE ENTIRE POST
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
Following up on a series of Where to Find Oceanfront Condos on Oahu, we work our way clockwise on Oahu from Diamond Head to Waikiki. Believe it or not, there is only 1 true oceanfront condo building in Waikiki, which is the Waikiki Shore. When you think about it, the reason why is all the prime real estate in Waikiki is taken up by the hotels.  Waikiki Shore is adjacent to the newly renovated Outrigger Reef and fronts a beautiful white sandy beach. One of the great things about the building is the maintenance fees are relatively low because the commercial spaces on the bottom floors offset some of the operating costs of the association. In addition, the 2 most recent sales sold at $1,062 and $1,598/square foot and active listings average $1,580/square foot. This is a great price for pri...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
Diamond Head claimed another large sale recently. This is following a trend of the high end buyers realizing some great buys in this exclusive neighborhood. 3239 Noela St. closed for $8,750,000. The 10,544 square foot home that sits on over an acre was the former home of Jack Myers a local developer that moved to the San Francisco Bay Area. He sold this back in 2000 for $9 million. I'd say close to 99% of the homes on Oahu are worth more today than they were in 2000. Someone got a good buy here!
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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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