Honolulu, HI Real Estate News

By Barbara Abe
(East Oahu Realty)
Hawaii Kai Market Activity as of July 27, 2007 Single Family Homes: # OF ACTIVE LISTINGS - 113, PRICE RANGE: $858,000 - $17,888,888 32 under $1,000,000 15 $1,000,000 - $1,200,000 45 $1,200,000 - $2,000,000 21 over $2,000,000 # OF LISTINGS UNDER CONTRACT - 34, PRICE RANGE: $599,000 - $2,550,000 19 under $1,000,000 15 $1,000,000 - $2,550,000 SOLD IN LAST 6 MONTHS 81 under $1,000,000 17 $1,000,000 - $1,200,000 20 $1,200,000 - $2,000,000 6 $2,000,000 - $4,500,000Condos:# OF ACTIVE LISTINGS - 82, PRICE RANGE: $349,900 - $1,580,000 From 1 Bedroom, Lalea To 3 Bedroom, Kalele Kai # OF LISTINGS UNDER CONTRACT - 31, PRICE RANGE: $387,000 - $959,000 From 1 Bedroom, Heritage House To Townhouse, Peninsula SOLD IN LAST 6 MONTHS - 146, PRICE RANGE: $382,000 - $990,000 From 1 Bedroom, Esplanade To Cot...
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By Randy L. Prothero, Hawaii REALTOR, (808) 384-5645
(eXp Realty)
                                                        Laurie Manny has kept us updated from the start line.I apologize for not getting an update from the finish line of the 44th Transpacific Race posted sooner.  I have been extremely busy this week with work and ABR classes the last few days.  Here are some pictures from the Ala Wai Boat Harbor where the finishers are gathering.  There is a party atmosphere at the yacht clubs.  I will be posting later with the final results and some more pictures.                                                                                    Honolulu Contact InformationSusan Jacquelin Esse, Transpac Honolulu Committee Chair.Tel. 510-437-5880 (CA office), 808-864-3515 (HI cell); susanj_esse@yahoo.com or susan.j.esse@uscg.milHawaii Yacht Club.Tel. 8...
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By Rachael Austin-Harmes
(Benchmark Lending)
As a loan officer I am here to help guide my clients into the right loan programs to help them achieve their financial goals. Understanding your goals and placing you in the right loan program is my service to you. With very competitive rates and the highest work ethic, I am here to assist you in your endevours of purchasing real estate, land, new developments, or cash out and re-fi on built up equity in your home.   
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By Randy L. Prothero, Hawaii REALTOR, (808) 384-5645
(eXp Realty)
Salt Lake Area (tax map key 111, includes Moanalua, Aliamanu, Mapunapuna and Airport Area)The below figures include both fee simple and leasehold properties.  These are only the totals and averages.Single Family homes sales have softened. Average sales price of single family homes has begun to climb again.  Both May and June have shown that trend over 2006 numbers.  Sales volume is down from last year.  There is currently just a little over 5 months of inventory, down from 8 months in May.  If these trends continue Salt Lake is moving from a buyers market to more of a balanced market.Condo and townhouse sales are another story.  Inventory is low with just a little less than 2-1/2 months worth of inventory.  Average sales prices have seen a nice jump over last year.  The Salt Lake area i...
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By Bob Farrell, RA, MS, RSPS, TRC, RECS
(ERA Signature Homes)
The Honolulu Board of Realtors® reports* that "During the first quarter, the number of sales declined from last year and the median prices were stable. The total dollar volume of sales was $1.187 billion in the first quarter, a decrease of $153 million, or 11.4 percent, from the $1.340 billion in sales achieved in the same quarter last year." The HBR also reported that while the median price of single family homes on Oahu decreased 0.8% from $625,000 to $620,000 from the first quarter of 2006 to the first quarter of 2007, the median price of condos actually increased 3.6% from $309,000 to $320,000 in the same period. If you are interested in seeing what is available in Honolulu, current listings can be viewed on my website. Please do not hesitate to contact me if you have any questions ...
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By Bob Farrell, RA, MS, RSPS, TRC, RECS
(ERA Signature Homes)
Waikiki, that wonderful hotspot for Hawaii visitors!As one of the primary contacts for visitors to our islands' main tourist vacation spots, Waikiki, I would be happy to help anyone out there with their clients' desires to purchase second home or investment property in the islands of Hawaii, or especially in Waikiki. I also have a top of the line condo for rent for those who would like a starting point for either their property search or just for a fun vacation. Visit my real estate site to search listings on Oahu, in Honolulu or Waikiki. Visit my rental site to view and/or reserve your time in my beautiful Waikiki Island View Condo.Aloha,Bob Farrell, RA, MS, RSPS, RECS
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By Randy L. Prothero, Hawaii REALTOR, (808) 384-5645
(eXp Realty)
Salt Lake Area (tax map key 111, includes Moanalua, Aliamanu, Mapunapuna and Airport Area)The below figures include both fee simple and leasehold properties.  These are only the totals and averages.Single Family homes sales have slowed. Average sales price of single family homes have leveled.  Year to date has shown a slight drop, but the month of May had an increase over 2006 numbers.  Sales volume has remained consistent.  There is currently just under 8 months of inventory making this a buyers market in the Salt Lake area.  Buyers will find sellers that should be a little more negotiable.Condo and townhouse average sales prices are up.  Inventory is low with just a little less than 2-1/2 months worth of inventory.  Average sales prices have seen a huge jump over last year.  The Salt ...
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By Bruce Bourgault, Vice President, Mpro
(Central Pacific Homeloans)
One of my Realtors asked me if there were any Condo's that were FHA approved in Waikiki.  I was amazed when I checked for her that there were so many that were approved and I thought I would share the list with you.  Please remember though, that  for FHA loans 51%  must be owner occupied.    1717 Ala Wai                           2121 Ala Wai                           250 Ohua 2987 Kalakaua                         3056 Kalakaua Condo             Ala Wai Lani Ala Wai Mansion                       Ala Wai Townhouse                 Aloha Towers Chateau Waikiki                      Crescent Park                          Diamond Head Hillside Diamond Head Vista                 Four Paddle                             Hale Pua Lei Harbor View Plaza                   Kaioo Terrace              ...
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By Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
(Liberty Homes)
By Celeste "Sally" Cheeseman, (RA); e-PRO, Century 21 Liberty Homes, Mililani, HI  96789 Featured Article Captain Cook's arrival in Hawaii in 1779 signified a change in the Hawaiian culture with Western Civilization comingling with the settlers of the Hawaiian Islands. Before his arrival the Hawaiian people had been dancing the Hula for centuries and it debatable whether the men actually danced more than the women! In the story about Hawaiian Legends - Nightmarchers, Menehune, and the Tiki Gods I mentioned the four main gods. Now we embark on the one of the other goddessses. The goddess of Hula was "Laka" and invites all of us to dance upon the earth in her teachings of sacred sound and light and inspires us with poetry of life experiences. There are no specific dates and origine for th...
Comments 38
By Barbara Abe
(East Oahu Realty)
Great fun and exercise was had by about 300 people and their dogs June 3, 2007, on the annual dog walk held in Hawaii Kai, the east end of the island of Oahu, in the state of Hawaii.   The total round trip distance from the Farmer's Market in the Hawaii Kai Town Center was 2.3 miles, but the older dogs and people completed a shorter loop on the grass by Park & Ride.    Bringing dog lovers together helped promote the proposed Dog Park in Hawaii Kai, which needs money to become a reality.    Here's a Google Map of the Dog Park:  http://maps.google.com/maps/ms?ie=UTF8&msa=0&msid=107254505100942916424.00000112009fd38df897f&hl=en&z=17&om=1and the link to the non-profit working on making the park a reality, Hui 'Ilio.  Contact me for more information about the Dog Park or real estate in Hawa...
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By Barbara Abe
(East Oahu Realty)
Hahaione ValleyHahaione Valley, with its beautiful lushly covered mountains, is the first valley when entering Hawaii Kai from downtown Honolulu.  It is divided into Lower Hahaione, consisting of around 320 homes built in the early 1970s, and Upper Hahaione, with 350 plus, including many custom built homes, which were built from the mid 1970s through the 1980s.Upper Hahaione is at a higher elevation giving the lovely Koko Head and ocean views from houses on the east side, and lush mountain views from those on the west.                                                     There is a bus route along the roads separating the upper and lower valley, with excellent service, making it a very convenient place to live.  Hahaione Elementary School, at the base of the valley, is an excellent schoo...
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By Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
(Liberty Homes)
I have had MANY inquiries from potential buyer's regarding their buying vacant land on Oahu and I have had to educate them on the zoning laws in Hawaii.  Most of them assume they could just come in and buy a bunch of land and start building. Not the case! For one, our Hawaiian Islands just have so much land on each island. We also have to look out for Restricted Conservation, Restricted Preservation, Agricultural, Country, Beachfront and all the different types of Residential zoning and follow all guidelines with the application for building, rezoning, CPR's etc.  We have zoning and building permit "police" and they strictly enforce our laws. The bottom line is this. All permits, applications and so forth are all reviewed to serve and first consider the well being of the people of Hawai...
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By Randy L. Prothero, Hawaii REALTOR, (808) 384-5645
(eXp Realty)
                                                                                   Below is a list of condos in the Salt Lake area, just a short commute to downtown Honolulu that are pet friendly.  This is an important question for families with pets.  Also if you are relocating to Hawaii, this issue of animal quarantine comes up.  If you are relocating to Hawaii do your self and your pet a favor and check out the Dept. of Agriculture website for animal quarantine information:  http://www.hawaiiag.org/hdoa/ai_aqs_info.htmC = Condominium CP = Cooperative PH = Public Housing PHE = Public Housing for the Elderly R = Rental TH = TownhouseBoard App'd = Board is required to approve the petRN = Reasonable Number* = Small dogs under 25 pounds+ = No dogs over 50 pounds** = No large parrot-type b...
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By Randy L. Prothero, Hawaii REALTOR, (808) 384-5645
(eXp Realty)
The Salt Lake community (part of zip code of 96818) has mostly condominiums.  There are a few single family home sales, but too few to draw any market conclusions.  Sales activity for the first quarter of 2007 showed similar numbers of sales with a nice increase in prices over 2006. Interest rates are still low, properties are still moving making it a nice balanced market for buyers and sellers.  With a short commute  to downtown Honolulu, Salt Lake continues to be a popular location for those working and shopping in town. Currently under the "Active for Sale Category" there are:  46 Condos/ TownhousesCurrently in Escrow:  24 Condos/ TownhousesFor the Month of March 2007        Condominiums Number of Sales Average Sales PriceArea20072006% Change 20072006% ChangeSalt Lake2427-11.12 $294,...
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By Randy L. Prothero, Hawaii REALTOR, (808) 384-5645
(eXp Realty)
                                                                        Below is a list of condos in Waikiki that are pet friendly.  This is an important question for families with pets.  Also if you are relocating to Hawaii, this issue of animal quarantine comes up.  If you are relocating to Hawaii do your self and your pet a favor and check out the Dept. of Agriculture website for animal quarantine information:  http://www.hawaiiag.org/hdoa/ai_aqs_info.htmC = Condominium CP = Cooperative PH = Public Housing PHE = Public Housing for the Elderly R = Rental TH = TownhouseBoard App'd = Board is required to approve the petRN = Reasonable Number* = Small dogs under 25 pounds+ = No dogs over 50 pounds** = No large parrot-type birds BuildingAddressBldg. TypeLimitDogs CatsBirds RabbitsBoard Ap...
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By Kengo Ueno, (R)
(Prudential Locations LLC)
The following graphs represent real estate data from high-end neighborhoods in the Metro Honolulu area of Oahu, Hawaii.  These neighborhoods include Dowsett, Judd Hillside, Manoa Lower, Manoa Area, Tantalus and Makiki Heights.  It's kind of blurry but the basline represents years by quarters starting from the 1st quarter of 2004 until the 4th quarter of 2006.  The first green line under the baseline, represent price per square foot.  The next line is Days on Market and the last green line represents the percentage it sold for from the list price.  These are all strong indicators of how the market trend is going.
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The following graphs represent real estate data from high-end neighborhoods in the Hawaii Kai area of Oahu, Hawaii.  This data includes graphs for neighborhoods like Portlock, Na Pali Haweo, Anchorage, Queen's Gate, Luna Kai and Koko Kai.  It's kind of blurry but the basline represents years by quarters starting from the 1st quarter of 2004 until the 4th quarter of 2006.  The first green line under the baseline, represent price per square foot.  The next line is Days on Market and the last green line represents the percentage it sold for from the list price.  These are all strong indicators of how the market trend is going.
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By Kengo Ueno, (R)
(Prudential Locations LLC)
The following graphs represent real estate data from high-end neighborhoods in the Diamond Head / Kahala area of Oahu, Hawaii.  These neighborhoods include Kahala, Balck Point, Diamond Head, Hawaii Loa Ridge, Waialae Golf Course and Niu Beach.  It's kind of blurry but the basline represents years by quarters starting from the 1st quarter of 2004 until the 4th quarter of 2006.  The first green line under the baseline, represent price per square foot.  The next line is Days on Market and the last green line represents the percentage it sold for from the list price.  These are all strong indicators of how the market trend is going. 
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By Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
(Liberty Homes)
PART 1 (MILITARY)                                                 Click here for Non-Military   Celeste: Century 21 Liberty Homes. This is "Sally", may I help you? Client (Potential): Hi, my name is ______ and we recently relocated to Hawaii. I am stationed at Schofield Barracks (or Hickam AFB, or Pearl Harbor Navy Base or Kaneohe Marine Base) and  we are looking for a rental or possibly buying while I'm stationed here.                                      Unlike anywhere in the United States you will find that Hawaii is unlike anywhere else in the world.    (This is including their real estate transactions!) The following tips will help you in your first steps with the home buying process.  1) You know that being in the military you have your BAH *housing allowance) which you can apply...
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By Randy L. Prothero, Hawaii REALTOR, (808) 384-5645
(eXp Realty)
Waikiki, Hawaii is located in the City of Honolulu on the south shore of Oahu. (tax map key 126).Waikiki is made up of mostly condos, hotels, timeshares and condo-tels.  Single family homes sales are so few as to not show up on the radar screen.Due to the large numbers of condos in Waikiki I am breaking them up in a by price range and separating fee simple from leasehold.The below figures include both fee simple and leasehold properties.  These are only the totals and averages.Here are the numbers for fee simple condos sold in Waikiki:                                                                               Average Sales Price:Today                                        171 studios active for sale117 - 1 bed active for sale  92 - 2 bed active for sale  19 - 3 bed+ active for sale ...
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