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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  Makiki & Moili'ili Honolulu, March 2024   Single Family Homes March Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 9 / 14  -36%   20 / 23  -13%    Median Sales Price $1.35M / $1.5M  -10% $1.5444M / $1.5M  3% Percent of Original List Price Received 93.5% / 98.0%  -5% 97.2% / 95.7%  2% Median Days on Market Until Sale 43 / 14   207% 23 / 15   53% New Listings 19 / 11  73% 38 / 36  6% Pending Sales 7 / 10  -30% 24 / 31  -23% Active Inventory 43 / 24  79% ---    Condos March Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 36 / 41  95% 102 / 86  19%  Median Sales Price $385,000 / $430,000  -10%   $405,000 / $404,500  0%  Percent of Original List Price Received 98.1% / 97.9%  0% 97.4% / 97.8%  0% Median Days on Market Until Sale 26 /...
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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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October 7th, 2009 categories: Honolulu Condominiums, Honolulu House For Sale Here are a eight of the more interesting listing that have come up over the last four days. CLICK HERE TO READ THE ENTIRE POST.
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By Keahi Pelayo
(KU Realty)
October 6th, 2009 categories: Honolulu Condominiums Every property I sell has lessons to be learned and a Honolulu town home KU Realty just closed on Friday had a few.  The property in question was a 3-bedroom 2.5 bathrooms, 1,179 square foot town home in Hawaii Kai development of Nanea Kai. The unit was clean and in original condition and backed up to Hawaii Kai Drive near a busier intersection.  Here are a four lessons. CLICK HERE TO READ THE ENTIRE POST
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October 5th, 2009 categories: Reasons To Sell I saw this Saint Louis Heights (a desirable Honolulu neighborhood) home come up for sale and thought it was a pretty good buy. CLICK HERE TO READ THE ENTIRE POST.
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The Honolulu Board of Realtors has released sales figures for September, which show a positive trend upward. Total number of single family sales for the island were 244, compared to 215 in Sept. 2008. Median sales price was $600,000, vs. 590,000 a year ago.  Total sales for the first nine months on Oahu were 1,788, a decrease of 16.2% over 2008.  Median price year-to-date was $575,000 for single family, a decrease of 8%. For the condo market, 345 sales recorded in Sept., compared to 305 last year.  Median sales price for the condos was $305,000, vs $296,000 a year ago.  Total sales of condos for the first nine months on Oahu were 2,338, a 26.32% decrease from last year.  Median price was $300,000, a decrease of 7.7% from 2008.Lawrence Yun, chief economist for the National Association of...
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By Hawaii homes
(Century 21 iProperties Hawaii)
With Hawaii's school budget cuts these days, students, teachers and parents are doing what they can to save their schools' programs.  On September 5, 2009 the Kaimuki High School Performing Arts Center held a benefit concert.  Various musicians and comedians volunteered their time to help out.  We were lucky enough to hear about the concert and spent the evening enjoying the food and entertainment. The concert started at 3 p.m. in the afternoon.  We showed up for a late dinner, around 7 p.m.  In the Kaimuki High School cafeteria, we enjoyed a salad, spaghetti with garlic bread and dessert.  Next, on the the Performing Arts Center to watch the show. We arrived just in time to see Mel Cabang, a well known Hawaii comedian.  It's been about 20 years since I last saw him performing live at a...
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By Frank Diaz http://www.hawaiihome.biz
(East Oahu Realty)
  Hawaii Short Foreclosure Bankruptcy Sales Single Family Homes, Short Sale, Foreclosure Sale, Bankrupty or Lender Sale, Hawaii Kai, Kalama Valley, Mariner’s Ridge, Kamilo Nui, Triangle, Portlock Address Nbrhd Lnd SqFt Liv SqFt BR YB List Price 1446 Maloo Pl KALAMA VAL 3,914 1,252 3 1984 $489,000 7739 Waikapu Lp KALAMA VAL 5,597 1,674 4 1973 $599,000 520 Lunalilo Home Rd 326 WEST MARIN 0 1,648 3 2002 $719,000 1007 Kaluanui Rd MARINERS R 7,504 1,896 3 1974 $899,000 1024 Kaolo St KAMILO NUI 7,507 2,193 4 2003 $950,000 891 Hokulani St HAHAIONE-U 8,469 2,053 3 1988 $700,000 46 Nawiliwili St TRIANGLE 10,185 2,658 4 1966 $1,165,000 Townhomes and Condos, Short Sale, Foreclosure Sale, Bankrupty or Lender Sale Address Unit # Nbrhd Bldg Name Int SqFt Lanai BR YB List Price 555 Hahaione St 10F 10F...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
'Awa or Kava(pronounced aahvaah) is a sacred plant in the Hawaiian and Polynesian cultures and has many uses from the spiritual to the medicinal. It is more commonly known today as an intoxicating beverage but it's uses are found in ceremonial traditions both religious and community based across Polynesia.  'Awa has several medicinal uses including the treatment of: colds, headaches, respiratory diseases such as asthma, diabetes, rheumatism and it is commonly used as a muscle relaxant or sedative, often in conjunction with Lomi Lomi or Hawaiian massage.   An `awa drink, good for migraines or pre menstrual discomfort may be prepared for personal use by chewing a few small pieces of clean root until a thumb size cud is formed. Once you have produced three of these cuds, mash them in a bow...
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By Keahi Pelayo
(KU Realty)
  October 1st, 2009 categories: Honolulu House For Sale There are gated projects that I have always wanted to investigate and today I had a chance to look at one that I have been following for the last few years. CLICK HERE TO READ THE ENTIRE POST.
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By Frank Diaz http://www.hawaiihome.biz
(East Oahu Realty)
Hawaii Investment Property Homes and Condos Hawaii follows an 8 to 10 year cycle of plateaus, dips and rises in value. Home prices doubled (5MB PDF) from 2003 to 2006. On Maui they nearly tripled. Another interesting item is that recessions have been occurring approximately every 11 years, 1980, 1991 and 2002. After each recession home prices climbed for 6-8 years then leveled off or dipped. Prices peaked in 1983, 1991 and early 2006. As of the fall of 2009, median prices are aout 20% below their peak, and approaching 2005 prices. Now is the time to make a Hawaii real estate investment for numerous reasons, not the least of which is interest rates have bottomed out. HEC’s (Hawaii Economic Council’s)  survey also shows that 44 percent of company job groups will not see an increase in the...
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September 30th, 2009 categories: Buying Honolulu Real Estate, Honolulu Real Estate 101 Robert Shiller is well known for being part of the Case Shiller home price index and in today’s Wall Street Journal on-line he is very candid in an interview concerning the current state of the national real estate home market.  Below is a comment on the current strength in the housing market. “But it probably isn’t the beginning of a major boom, just because the economy is in such bad shape. There’s also a chance that it will reverse. It’s still only three months old, so it’s very hard to be sure at this point. The most likely scenario is that it won’t continue at this high rate of increase, but that it will neither go down a lot, nor up a lot.?” CLICK HERE TO READ THE WALL STREET JOURNAL ARTICE Here...
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By Douglas Fischer
(East Oahu Realty - Selling Honolulu, Hawaii Condos)
Trump International Hotel & Tower - Waikiki, Honolulu, Hawaii Did I say hot?  This hot, hot condo property in Waikiki, Hawaii, Trump International Hotel & Tower, not only sold out in less than a day, when plans were disclosed nearly two years ago to build this luxury, high-rise condo tower and hotel in the heart of Waikiki, but buyers are clamering today for what few resales are to be found in the building and a few other units that are currently for sale as a result of initial buyers backing out of sales or not closing for various reasons. Completion of construction is just weeks away.  Many are excited to see the property first hand.  Hotel Management is first class and many of the units can be included in the hotel rental pool for income purposes.   Detailed information about Trump ...
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September 29th, 2009 categories: Honolulu Condominiums, Honolulu House For Sale Here are more interesting Honolulu home and condo listings that have come up for sale over the last days. CLICK HERE TO READ THE ENTIRE POST
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September 28th, 2009 categories: Honolulu Real Estate 101, Rants & Riffs For the last few months, I have been saying that the diversity of the Honolulu economy is one of the main reasons our real estate market has not been hit as hard as the neighbor islands.  This morning’s Pacific Business News (on-line) is reporting that Honolulu has the 51st largest economy in the United States. CLICK HERE TO READ THE ENTIRE POST
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By Captain Wayne - Rowlett Real Estate School, Rowlett Real Estate School / Owner and Instructor
(Rowlett Real Estate School)
Welcome to the finest online real estate school in Hawaii.  We are a full service Hawaii online real estate school offering fully accredited Hawaii Real Estate Courses Online. As one of the nations leading real estate schools in Hawaii, the Rowlett Career School provides affordable online Real Estate courses in Hawaii and a number of professions in many states. Our Hawaii online real estate coursesinclude pre and post licensing and Hawaii continuing education for Real Estate, Appraisal, Home Inspection, Mortgage Broker, Land Surveyor, Engineer, Personal Finance, Professional Development, Counselor, Social Work, Tax Assessor, funeral director services, consumer education and legal CEU. The Rowlett Career School is Partnering with Career Web School, Real Estate Express, McKissock and Fin...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Before western contact mental illness was virtually unheard of in Hawaii. There are several accounting factors for this including: a culture that was very open, accepting, loving, nurturing, and more apt to respect ability and natural talent over discriminating views toward gender or sexual preference. However, the primary reason for the astounding mental stability of the native Hawaiian population is the tradition known as Ho'oponopono; the literal translation of which means "to make right".In ancient Hawaii there were three distinct classes: the Ali'i or chiefly class of nobles and royalty; the Maka'ainana, the commoners; and the Kahuna which was a broad selection of professional specialists that included master crafts-persons, healers, herbalists, hula dancers, agricultural geneticis...
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By Keahi Pelayo
(KU Realty)
September 25th, 2009 categories: Honolulu Real Estate 101 502 posts and about 375 hours later, here we are today. My odyssey in blogging germinated 20 months ago while I sat at a seminar listening to a talk about the power of the Internet.  It became clear then and that as time goes by the Internet will become more relevant to selling Honolulu real estate and traditional forms of marketing will go the way of the dinosaurs. Like many a Honolulu Realtor, I had a “static” website, just because you were supposed to have one, but there was no effort in addressing Google or the other search engines.  I could see that in addition to my strong client base, I needed a proactive plan to have my site show up on page 1 of Google’s organic search for Honolulu real estate.  As I write this blog post ...
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By Frank Diaz http://www.hawaiihome.biz
(East Oahu Realty)
East Oahu Short Sales Townhomes Condos East Oahu Short Sales Townhomes Condos for September 24 Diamond Head Beach Hotel, Hale Kulanui, Hale Kulanui, Ilikai Marina, Kaioo Terrace, Rosalei, University Court Apartments, Waikiki Imperial Apartments Address Unit # Nbrhd Bldg Name Int SqFt Lanai BR FB HB YB LT List Price $ SqFt DOM 1867 Kaioo Dr 209 209 WAIKIKI Kaioo Terrace 448 0 1 1 0 1978 LH $60,000 $133.93 112 1867 Kaioo Dr 110 110 WAIKIKI Kaioo Terrace 448 0 1 1 0 1970 LH $75,000 $167.41 298 2947 Kalakaua Ave 502 502 DIAMOND HE Diamond Head Bch Hotel 359 43 0 1 0 1969 LH $180,000 $501.39 157 1914 University Ave 208 208 MANOA-LOWE University Court Apts 521 75 1 1 0 1962 FS $205,000 $393.47 21 445 Kaiolu St 402 402 WAIKIKI Rosalei Ltd 477 90 1 1 0 1955 FS $210,000 $440.25 79 445 Kaiolu St ...
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By Frank Diaz http://www.hawaiihome.biz
(East Oahu Realty)
East Oahu Short Sales Townhomes Condos Short Sales for the week of September 20 AINA HAINA, HAHAIONE, KAIMUKI, KALAMA VALLEY, KAMILO NUI, MARINERS R IDGE, PALOLO , PAUOA VALLEY, ST. LOUIS, TRIANGLE, WEST MARINA SINGLE FAMILY Address Nbrhd Lnd SqFt Liv SqFt BR FB HB YB LT List Price $ SqFt DOM 594 Kealahou St KALAMA VAL 6,123 1,938 5 2 1 1974 LH $350,000 $180.60 16 2057B 10th Ave PALOLO 1,776 1,364 3 2 0 1960 FS $399,000 $292.52 366 2333A Palolo Ave PALOLO 5,005 1,446 4 2 0 1957 FS $475,000 $328.49 29 1446 Maloo Pl KALAMA VAL 3,914 1,252 3 2 0 1984 FS $489,000 $390.58 105 7739 Waikapu Lp KALAMA VAL 5,597 1,674 4 2 0 1973 FS $599,000 $357.83 200 803 20th Ave KAIMUKI 2,500 884 3 2 0 1978 FS $625,000 $707.01 36 839A 21st Ave KAIMUKI 6,098 1,334 3 2 0 1950 FS $649,000 $486.51 111 520 Lunali...
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By Keahi Pelayo
(KU Realty)
September 24th, 2009 categories: Honolulu Real Estate 101, Rants & Riffs It is always fun to work with a family moving from the mainland to Honolulu.  An inevitable part of a home purchase is helping orient my client to the cultural nuances of living in Hawaii.  One of the local practices I always recommend that a new homeowner plan on doing is the “blessing of the home”. CLICK HERE TO READ THE ENTIRE POST.
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