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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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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Kung Hee Fat Choy! Volume I In continuation of my blog series celebrating Hawaiians of Chinese desent and their contributions to Hawaii and the world at large, we examine Chinese immigration to the Islands and some of the prominent Chinese/Hawaiians in History. About 1/3 of Hawaii's population can trace some Chinese heritage in their family tree and about 4% of the population is 1st generation Chinese. The first Chinese arrived in Hawaii from Guangdong province in 1778 while traveling with Captain Cook. and By 1790, a handful of them were on the island of Oahu,  living as vassals to Kamemhameha I. As Chinese women did not arrive in the first waves of immigration, Chinese men married Hawaiian women instead, and frequently, adopted Chinese-Hawaiian surnames like Ahina and Akaka which are ...
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By Frank Diaz http://www.hawaiihome.biz
(East Oahu Realty)
Honolulu Hawaii is the Best Place to Live We have certainly had a lot of bad news lately. Honolulu consistently ranks in the “Best” lists among major magazines, however. Fortune Magazine rated Honolulu as the #67 best place to “live and launch”. It also rated it as the one of the Best places for a long life. Business Week listed Honolulu at Number 1 in the US from a study done by Mercer Consulting. No. 28: Honolulu - U.S. Mercer score: 103.1 2007 rank: No. 27 GDP: $13.86 trillion (2007 est.) Population: 303,824,646 (total country); 380,000 (total city) Life expectancy: 78.14 years A handy calculator shows you how to figure out the difference between where you live and Honolulu. For example, if you make $50,000 in Los Angeles, you will need to make $53,987 since the cost of living is 8% ...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Kung Hee Fat Choy! Happy Chinese New Year-Hawaiian Style! part I. Celebrating the Chinese influence on Hawaiian culture! There are few places in the world that have embraced the Chinese Culture quite like Hawaii. In this three part blog series I will cover how the Chinese have become an integral part of Hawaii's history and culture and the many contributions Chinese Hawaiians have made to our island paradise. Kung Hee Fat Choy or Chinese New Year is an eagerly anticipated event here in Hawaii and is marked by a number of activities centered in the China Town area of Honolulu. One such event is the New Year's Parade which attracts thousands of locals and tourists alike to the historic and festive down town. To say that China Town is a mob scene during the Parade is an understatement as ...
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By Frank Diaz http://www.hawaiihome.biz
(East Oahu Realty)
Honolulu Hawaii Homes for Sale Honolulu-Hawaii-Hotels-Rentals I am often asked “Where is the best place to stay in Hawaii?” In Honolulu, there are dozens of hotels; the vast majority of them are located in Waikiki. Your budget will determine your choices. Whether you are coming here for a long-term or short-term rental, will determine another set of Hawaii homes, hotels, or rooms to choose from. If you are coming here for the first time, you’ll want to get a feel for the cost of living. Rentals for the Downtown area: 1 Bedrooms start at $1600, 2 BRs are $2000 and up. Near the University of Hawaii, they are about 1/4 less. Add utilities costs to those (roughly $200 for cable, internet, electricity). Parking varies considerably. Email me if you need a list of rentals. I don’t charge or ma...
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By Frank Diaz http://www.hawaiihome.biz
(East Oahu Realty)
 Hawaii-Kai-Homes     Hawaii Kai Homes are located among some of the best places to hike, live and visit in Hawaii. There are many distinct neighborhoods including Anchorage, Hahaione-Lower, Hahaione-Upper, Kalama Valley, Kamehame Ridge, Kamilo Nui, Kamiloiki, Kealaula Kai, Koko Head Terrace, Koko Kai, Laulima, Luna Kai, Mariners Cove, Mariners Ridge, Mariners Valley, Napali Haweo, Napua Point, Paiko Lagoon, Portlock, Queens Gate, Spinnaker Isle, Triangle, and West Marina. Anchorage is the area past the post office on Hawaii Kai Drive. It has the beautiful and spacious Leolani home development. One of the “Lost” cast lived there recently. There is also Lalea Kai, Kaluanui and the entrance to Mariner’s Ridge. Hahaione Lower has the elementary school and several condominium complexes, inc...
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February 5th, 2009 categories: Military If you are in the military and your Permanent Change of Station (PCS) is one of Oahu’s seven active military bases, then you may want to read the following 16 things to know. CLICK HERE TO READ THE ENTIRE POST.
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By Barbara Abe
(East Oahu Realty)
I always want to show off the gorgeous properties that sell in Hawaii Kai.  Imagining folks reading this with snow up to the window sill in Illinois or ice on the wires in Kentucky, these places must look like true Paradise (and we think they are). Here's the highest sale in January:  $1,000,000 even, in the Triangle Neighborhood (request a neighborhood report from my web page), a 3 bedroom/2 bath home on more than .25 acres, built in 1966 and remodeled in 2008, with an open lanai and 1,696 sq ft inside. Here's the highest sale of a condo in January:  $655,000 in the Moana Kai complex (get your report on the condo page of my web site), a 3 bedroom/2.5 bath home of 1524 sq ft built in 2005 with a 2-car garage.  (photos not of actual unit) There are great buying opportunities here - conta...
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February 4th, 2009 categories: Honolulu Real Estate 101, Military PCS stands for Permanent Change of Station. There are seven active military installations on Oahu: Naval Base Pearl Harbor; Hickam Airforce Base; Kaneohe Marine Corp Air Station; Fort Shafter Army Base; Schofield Barracks Army Base; Naval Communications Center in Wahaiwa and Lualualei Naval radio station. Most military families PCS orders are for a term of 3 years.  The honorable people that serve provide a terrific buyer pool for Oahu real estate.  The ongoing long-term military presence in Hawaii is one of the main reasons I am very bullish on our real estate values.  Here is why. CLICK HERE TO READ THE ENTIRE POST.
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By Robin McCann
(Robin McCann Realty)
The Great Aloha Run will be held February 16th, in Honolulu.  The Hawaiian name for this race is "Ke kukini me ke aloha pau‘ole", which means "the race with compassionate love".  The race is another example of the Aloha Spirit, the spirit of the people of Hawaii. The word aloha represents the vision of the Great Aloha Run: A - Aloha Spirit: the spirit of giving and sharingL - Lima Kokua" (helping hands): the spirit of cooperation and working togetherO - "‘Ohana" (sense of family): bringing families and communities togetherH - Health: Hawaii is the health stateA - Alliance, military and civilian communities working together in friendship. The Great Aloha Run (GAR) is an 8.15 mile foot race.  The race begins at the Aloha Tower and ends at the Aloah Stadium.  Everyone of any age can partic...
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By Keahi Pelayo
(KU Realty)
February 3rd, 2009 categories: Buying Honolulu Real Estate, Honolulu Real Estate 101 A real estate agent in Minneapolis, Kari Lundin, posted a blog concerning a question from her clients regarding using FHA financing to purchase a duplex with a friend. CLICK HERE TO READ THE ENTIRE POST.
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February 2nd, 2009 categories: Honolulu Real Estate 101 I am reading a book about Warren Buffett’s life called “The Snowball”.  I haven’t counted the pages, but I am on page 300 and not yet through a third of the book.  It was a Christmas gift from my mother-in-law and, at first blush, I thought it might be a boring book.  Nothing could be further from the truth; Mr. Buffett has led a focused and very interesting life.  His initial focus on finding companies that were statistically very, very good buys served to make him a very large fortune.  In his thirties, he shows his genius by his willingness to invest in companies that may not have the quantitative numbers to justify investment, but they had something that was immeasurable (qualitative) that brought current and future value to th...
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January 30th, 2009 categories: Honolulu Real Estate 101, Rants & Riffs Surfing around the blogosphere yesterday, I ran across a post that Google has discontinued a project to take advantage of newspapers and other print media. CLICK HERE TO READ THE ENTIRE POST.
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By Keahi Pelayo
(KU Realty)
January 29th, 2009 categories: Buying Honolulu Real Estate, Honolulu House For Sale Located on the slopes of the Koolau Mountains just above fashionable Kaimuki town. Offering terrific views of Diamond Head, Honolulu city lights and the ocean from the living room and master bedroom.  A 3 bedroom with 2 full baths and completely separate 1 bedroom 1 bath, makes it perfect for those with an extended family or the need for a home office. CLICK HERE TO READ THE ENTIRE POST.
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By Keahi Pelayo
(KU Realty)
January 28th, 2009 categories: Honolulu Real Estate 101 There are many buzzwords in the Honolulu real estate market, REO, short sales, foreclosures and pre-foreclosures. It seems these words put dollars in many buyers’ eyes, as they think properties experiencing these problems can be purchased at really low prices.  Here are a few random thoughts. CLICK HERE TO READ THE ENTIRE POST.
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January 27th, 2009 categories: Honolulu Real Estate 101, Rants & Riffs I read an excellent article at Forbes.com that leads me to believe that a turn in the National economy and, therefore, the Honolulu real estate market may be closer than we think. “U.S., according to the Census Bureau. In December, the latest data available, home builders started houses at a 550,000 annual rate. In other words, at the current pace of housing starts, it would take 236 years to replace all the homes in the U.S. CLICK HERE TO READ THE ENTIRE POST
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By Barbara Abe
(East Oahu Realty)
Join us this Saturday at the Hawaii Kai Towne Center, 11 AM - 1 PM, to celebrate the Year of the Ox.  Festivities feature fireworks (of course), a kung fu demonstration, and a lion dance from the Wah Ngai Lion Dance Assn. The lion dance is a Chinese tradition performed to chase away evil spirits and bring luck and happiness. Giving the lion a red li see or "lucky money" envelope with a donation represents the wish for good fortune and wealth in the coming year, and serves as a form of appreciation to the lion for its blessing. The Wah Ngai Lion Dance Association is a nonprofit organization dedicated to promoting Chinese culture through the arts of lion dancing, kung fu, and other athletic activities. They regularly perform traditional and freestyle lion dances throughout Hawaii, and hav...
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By Keahi Pelayo
(KU Realty)
January 23rd, 2009 categories: Honolulu Vintage Homes Those of you that have read my blog for a while know that I like Honolulu’s homes that have a vintage character.  Whenever I am on the road and find a home that I like, I snap a picture and post it here.  Too many times I see these beauties being torn down to make way for new “Mcmansions”. CLICK HERE TO READ THE ENTIRE POST.
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By Hawaii homes
(Century 21 iProperties Hawaii)
The famous Ilikai might be closing up in February 2009.  Before we laugh, remember that Aloha Airlines warned us about shutting down in 2008 and we shrugged it off.  A month later, Aloha closed up, just as they had warned. Why would the Ilikai close down?  It's difficult to get a clear picture of the complete situation from the media.  Some of the key factors are: - Brian Anderson, a developer on the Big Island has title to approximately 203 hotel/condo units plus commercial space at the Ilikai.  - Mr. Anderson's Anekona companies owe iStar FM Loans LLC about $75 million.  iStar is initiating foreclosure proceedings.  Anekona companies also owe the Ilikai Apartment Building Association approximately $1 million for delinquent electricity and maintenance fees. - The residential properties...
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January 22nd, 2009 categories: Honolulu Real Estate 101, Rants & Riffs With the recent approval of their master plan, General Growth Properties has taken another step toward revitalizing Honolulu’s Kakaako area.  The Honolulu Star Bulletin reported the following. 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 )
Sailing Aboard the Historic Hōkūleʻa, Hawai'i's 'Bright Star'...    In celebration of my 100th post I thought I would share one of my latest adventures this past Tuesday, aboard Hawaii's most famous vessel, the Hōkūleʻa . Polynesian navigators, using only celestial navigation and environmental observations managed to navigate and colonize the great breadth of the pacific ocean a millenium before Westerners discovered longitude and could accurately travel the world's oceans. In the long process of proving these skills to those Westerners who doubted such know how existed, the Hokule'a was lovingly created.         Incredulous to the idea that Polynesians were superior sailors and navigators, many Westerners believed that Polynesian expansion throughout the Pacific was dumb luck and that ...
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