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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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April 23rd, 2009 categories: Distressed Properties, Honolulu Real Estate 101 RealtyTrac is reporting that Honolulu’s ranking of 150th in foreclosures in the nation is still very low.  Note, however, that our island had one of the highest increases in the number of foreclosures. CLICK HERE TO READ THE ENTIRE POST
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By Keahi Pelayo
(KU Realty)
April 22nd, 2009 categories: Distressed Properties, Honolulu Real Estate 101 If you read yesterday’s post, I committed to provide my answers to the questions you should ask the Honolulu real estate brokers you may consider hiring to sell your home.  The questions and my answers follow. 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 )
 Where can I find examples of the art you use in your staging?    They say a picture speaks a thousand words and in some cases can cost you just as much if not more in cash. Find the right art to stage a property for sale and you can transform a room with four walls into an inspiring treasure worth buying. As simple as that statement might sound, finding the right art for a design project is not that easy. An art piece can make a stage or ruin it depending on many factors in addition to the fickle aesthetic of the viewer. Subject matter, composition, size, color(s), medium, presentation, lighting, and positioning all pay an important role when choosing a piece of art for a space.    Art is neither wall paper nor a silent witness to the happenings of a room, but rather, art is the emotiv...
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By Keahi Pelayo
(KU Realty)
April 21st, 2009 categories: Distressed Properties, Honolulu Real Estate 101 The sale of a condominium or home in Honolulu is one of the largest financial transactions a person might complete in a given year!  With this in mind, the selection of the broker to handle this sale is really important.  How do you select an agent?  There are many ways to go about the process.  You can get a referral from a friend, choose the one that advertises the most, go with a national firm or consult an oracle. CLICK HERE TO READ THE ENTIRE POST.
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By Hawaii homes
(Century 21 iProperties Hawaii)
I've  been to the courthouse several times to watch foreclosure auctions.  This was the most crowded auction I've seen so far.  Several properties were up for sale, but the majority of the people in attendance were here to see the fate of the Ilikai Hotel. Honolulu attorney, George Van Buren was the commissioner and auctioneer of the property.  There was one bidder, IStar - which happens to be the lender that foreclosed on Anekona Companies.  In the photo above, the bidder (attorney Stephen Mau) is shown, who represented IStar. First, the 203 residential units were offered.  IStar bid $35 million.  Next, the 16 commercial units were offered.  IStar bid $15 million.  The whole bidding process took about a minute. Anxious watchers included Local 5 union members wearing red t-shirts, who w...
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By Barbara Abe
(East Oahu Realty)
32 single family homes sold in Hawaii Kai during the first quarter, ranging in price from $500,000 - for a 3 BR/2 BA home in Kalama Valley - to $8,250,000 - for a 4 BR/6 BA (2 half baths) home in Koko Kai. This compares to 45 sales in the 1st quarter of 2008, with a price range of $551,000 to $6,400,000. In the condo market, 39 homes sold in the 1st quarter, from $300,000 for a 1/1 in Naniwa Gardens to $655,000 for a 3/2.5 in Moana Kai. This compares to 52 sales a year ago 1st quarter, with prices from $350,000 for a 1/1 in Plaza Hawaii Kai to $868,000 for a 3.2.5 in Peninsula at Hawaii Kai. Prices in Hawaii Kai have held this past year, but certainly the number of sales has decreased and inventory increaased.  Because of our location and finite building opportunities, Hawaii Kai will a...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
    Questions for Kimo: Where can I find for purchase, a wide variety of native plants? There seems to be just a few places with a limited selection here on Oahu. When it comes to being green and creating dynamic curb appeal, go native. Indigenous plants are acclimated to the environment and need less maintainence and watering. The best places to find any type of flora for sale is Waimanalo on the windward side. There are numerous farms and plantations that sell a multitude of plants and flowers, however, if you want the biggest selection of native species visit Hui Ku Maoli Ola, located at 46-403 Ha'iku Road in Waipio, here on O'ahu. Hui Ku Maoli Ola is an organization dedicated to the preservation of Hawaii's natural history, flora, and culture. By integrating education, quality rest...
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By Keahi Pelayo
(KU Realty)
April 16th, 2009 categories: Honolulu Real Estate 101, Rants & Riffs For reasons expressed in earlier blog posts, I am a mid to long-term bull on Honolulu real estate as an investment (lack of supply, never met demand, jobs, education, etc).  Until the recent financial debacle in the stock market, many people saw it as becoming a foolproof way to invest for the long-term.  The closing of Enron and Aloha Airlines highlight that even with market declines the value of real estate in Hawaii has never gone to zero.  In other words, the value of your investment in real estate could drop lower than the amount you paid, but could the sales price of that real estate go to zero?  I think not. Here’s the rub. CLICK HERE TO READ THE ENTIRE POST
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By Keahi Pelayo
(KU Realty)
April 14th, 2009 categories: Honolulu Condominiums, Honolulu Real Estate 101 One of the beauties of real estate is that you can use a few dollars to control a much larger number of dollars. For example, you buy a $300,000 FHA approved condominium and use a down payment of $9,000 (3%); you have just used $9,000 to control $300,000. This is called leverage.  What is the magic of leverage? Let’s say your $300,000 Honolulu condominium appreciated at an average of three percent (3%) per year for the next 10 years.  The valuation of the unit would look something like this. CLICK HERE TO READ THE ENTIRE POST.
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By Hawaii homes
(Century 21 iProperties Hawaii)
On Easter Sunday, my wife and I met her brother and a few friends for some surfing at Diamond Head!  When we got out of the water, we saw this monk seal relaxing on the beach.The weather was nice and the monk seal looked quite content.  He opened his eyes and looked at us a few times, then went back to sleep.Those little yellow signs are posted by volunteers, reminding us to keep our distance and not bother the cute monk seals.  I used a zoon lens to get this closeup.I e-mailed the picture to KGMB9.  They included it in the 6 p.m. and 10 p.m. news reports.We're starting to see more sunny days and the weather is warming up in Honolulu.  Life here is great!Aloha, Mike BatesHawaii realtor
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April 13th, 2009 categories: Honolulu Real Estate 101 It is believed that the Honolulu real estate market lags California by six months to a year.  If this is the case, then the news I have been hearing anecdotally could mean that our market could be firming sooner rather than later. My broker network in California has been telling me that sales have been brisk, prices have begun to rise and inventory is dropping.  A recent article at Forbes.com further confirms this feedback. CLICK HERE TO READ THE ENTIRE POST.
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Do you need a professional level Virtual Tour for one of your listings? We provide interactive floor plan based tours for agents and would love to add you to our site as a featured Realtor for your area. See some samples we did in South Carolina by clicking on the photo below. Once page loads open up a tour by clicking on click to open home. We have local professional photographers standing by.
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By Barbara Abe
(East Oahu Realty)
For more than 30 years, Hawaii Kai residents have fought to protect the Ka Iwi shoreline. 3 years ago, developer QRM Partners proposed to build 180 cabins on a portion of the coast, which was vehemently opposed (anyone who has driven/walked/surfed/golfed in this pristine area knows what 180 cabins would have done).  Several months ago, QRM sold its parcels in Ka Iwi to a Utah company, Management Solutions.  Rep. Gene Ward (R-Hawaii Kai - Kalama Valley) recently indicated the new owner is considering a golf academy adjacent to the Hawaii Kai Golf Course on one of the two 90-acre parcels.  The other parcel is in front of Queen's Beach.  Ward recently said, "There's a unified sense that Hawaii Kai is really suffering from over-development. The people of Hawaii Kai want to make sure Ka Iwi,...
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April 9th, 2009 categories: Honolulu Real Estate 101 Buyer beware? Not really, a recent Realtor Journal article walked through some very good guidelines Sellers and Broker/Agents should follow regarding disclosures concerning the background and condition of a home or condominium.  Below is a modified version of the 8 rules advocated by the Realtor Journal. CLICK HERE TO READ THE ENTIRE POST
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By Keahi Pelayo
(KU Realty)
April 8th, 2009 categories: Reasons To Sell The Honolulu Advertiser reported “Wholesalers cut their inventories in February by the steepest amount in more than 17 years”. This has to be good for the economy and as the economy improves the Honolulu real estate market should follow. “The sixth straight monthly drop in wholesale inventories also can be viewed as positive in the long-term because once stockpiles have been adjusted for the economic slowdown, businesses may be able to increase orders for new goods. But in the short run, the reductions will lead to fewer orders and less production.” CLICK HERE TO READ THE ENTIRE POST
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By Robin McCann
(Robin McCann Realty)
The City of Honolulu will be celebrating Earth Day by honoring our Mother Earth during the month of April and beyond.  A full calendar of various events are planned.  Honolulu is holding a Reduce Electrical Use Contest.  Contestants are asked to design a switch plate cover with a "reduce electrical" theme.  Entries must be postmarked no later than midnight April 30th.  The winning design will be used to replace switch covers in City Hall.  Cash prizes will be awarded to first, second and third place winners. On Saturday (April 11), an educational event, the 2nd Annual Mauka to Makai Environmental Expo, is being held at the Waikiki Aquarium from 9 a.m. to 4 p.m.  Various agencies (federal, state and city) will be on hand to educate the public on what is being done to protect and preserve...
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By Keahi Pelayo
(KU Realty)
April 7th, 2009 categories: Reasons To Sell Brian S. Wesbury and Robert Stein posted an article at Forbes.com entitled, “The Recovery Begins”.  Amidst the uncertainty and negativity that can be found in people and the markets, it is refreshing to find an optimistic view of the place in which we find ourselves.  They make a very good case that the Federal Reserves’ recent monetary policy is beginning to work. CLICK HERE TO READ THE ENTIRE POST
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By Keahi Pelayo
(KU Realty)
April 6th, 2009 categories: Honolulu Real Estate 101, Rants & Riffs If you are remodeling a home in Honolulu, be sure to use licensed a licensed contractor and/or sub-contractors and be sure to have a contract that spells out the terms of service.  The Realtor Journal had a recent article that gave a good list of the items a contract should include. The National Association of the Remodeling Industry spells out the key elements that every remodeling contract should include the following. CLICK HERE TO READ THE ENTIRE POST.
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By Barbara Abe
(East Oahu Realty)
19 condos sold in March in Hawaii Kai, from $350,000 for a 1 bedroom in the Mauna Luan, 833 sq ft, 14th floor, to a high price of $600,000 for a 3 bedroom in Gateway Peninsula of 1632 sq ft.  Longest days on market of the sales was 262 and shortest was 6. Buildings represented in sales were Colony at the Peninsula, Esplanade, Gateway Peninsula, Kala Kai, Kalama Kuu, Kalele Kai, Kaluanui, Kawaihae Crescent West, Marina Palms, Mariners Village 1, Mauna Luan, Moana Kai, Mt Terrace, Nanea Kai, Peninsula at Hawaii Kai, and the Plaza Hawaii Kai.  And there are many more buildings not included!  You can see the great diversity in the condo market in Hawaii Kai, in view, amenities, and prices. Visit the Condo Page on my web site to receive free reports on every building and in-depth real estate...
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By Barbara Abe
(East Oahu Realty)
In March, 72 single family homes sold compared to 63 in February.  The highest sale was a spectacular residence in Koko Kai, for a price of $8,250,000.  List price was $9,500,000, interior sq ft 4,800, 4 bedrooms, 4 full baths/2 half baths, land area 0.406 acres.   The lowest priced sale was an attached, or duplex, home in Kalama Valley, with a sales price of $500,000, and list price of $550,000.  The interior sq ft is 1,132, 3 bedrooms/2 bath, lot size 3,838 sq ft. Contact me for details on the neighborhoods and market trends in Hawaii Kai, and visit my web site to request free reports on relocation to Hawaii Kai. Barbara Abe, Realtorwww.movetohawaiikai.comwww.barbarashawaii.combarbara@barbarashawaii.com808-226-2537
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