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Honolulu, HI Real Estate News

By Barbara Abe
(East Oahu Realty)
I've discovered some great live web cams available online for our island. Visit http://www.honolulu.gov/cameras/index.htm. You can watch the tourists in Waikiki in two different locations, accompanied by music, traffic congestion hot spots, Honolulu traffic cameras, and live webcasts of the Honolulu City and County Council meetings. If you get tired of snow and cold this winter, try http://www.honolulu.gov/multimed/waikiki.asp, watch the waves break and dream of white sand beaches in Hawaiian Paradise. Should these webcams make you dream of owning a hideaway in Waikiki, or anywhere on Oahu, give me a call or email. I'll help you find your special home in the Islands. Enjoy! Barbara Abe, REALTOR barbara@barbarashawaii.com 800-999-6090
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By Yvonne Jaramillo Ahearn, Esq. (B), REALTOR-Broker, CRS, GRI, ABR CLHMS
(Hawaii Life Real Estate Brokers)
530 Portlock Road in the Hawaii Kai region of Honolulu At $15,900,000, this property is the most expensive sold (so far) in 2007, topping the $11 million dollar beachfront lot on Kailuana Place, which was sold earlier this year in Kailua. This custom-built (in 2005) beachfront property has 4BR and 5BA, a roofed living space of over 10,000 square feet, lanais of over 2,000 square feet, and is situated on almost two acres of private, beautifully landcaped grounds. With too many gorgeous custom features to mention, including amazing views of Diamondhead, this is a truly spectacular property. Listed by MWA-SIR. If you are interested in buying another unique custom home in Hawaii, please contact Yvonne Jaramillo Ahearn at 808-721-8088. ~ Aloha
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Market Update for Hawaii Kai as of Sept. 21, 2007:      Single Family Homes Active Listings: total 123 Under $1,000,000 - 37 $1,000,000-$1,200,000 - 12 1,200,000-$2,000,000 - 48 $2,000,000-$17,888,888 - 26 Listings Under Contract: total 23 Under $1,000,000 - 13 $1,000,000-$3,575,000 - 10 Sold in the last 6 months: total 130 Under $1,000,000 - 86 $1,000,000-$1,200,000 - 15 $1,200,000-$2,000,000 - 23 $2,000,000-$4,500,000 - 6 Condos Active Listings: total 83 From $365,000 to $1,288,000 Listings Under Contract: total 34 From $320,000 to $1,580,000 Sold in the last 6 months: total 152 From $300,000 to $1,150,000Contact me for information on any property on Oahu.  I specialize in the neighborhoods in Hawaii Kai.  Barbara
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By Yvonne Jaramillo Ahearn, Esq. (B), REALTOR-Broker, CRS, GRI, ABR CLHMS
(Hawaii Life Real Estate Brokers)
Data current September 2007Na Pali Haweo is an East Hawaii-Kai neighborhood of custom homes, built after 1991, winding uphill from Maunanani St on the higher part of Kamehame Dr and its offshoot streets (above the Kamehame Ridge neighborhood). Na Pali Haweo is located Northeast of the Kokohead Crater and many homes have spectacular ocean and crater views. Lot size usually runs between 10K-14K sq ft, with some much larger exceptions. Most homes are between 2K-4K sq ft, again with some larger exceptions. Prices start around $1.3M and most go up to about $2.5M.(c) 2007, Yvonne Jaramillo Ahearn. All rights reserved.Kailua Real Estate. Buy or sell real estate on Oahu. http://www.yvonneahearn.com/
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By Yvonne Jaramillo Ahearn, Esq. (B), REALTOR-Broker, CRS, GRI, ABR CLHMS
(Hawaii Life Real Estate Brokers)
Data Current September 2007Portlock is one of the most beautiful and expensive neighborhoods on the island! Beachfront homes in Portlock are favored for their lack of CCRs and spectacular sunset views of Diamondhead. The Portlock area encompasses both the odd and even sides of Portlock Road and a small part of the Kalanianaole Hwy, past Keahole St, just SE of where the Kaupa Pond meets the ocean (in the 6000-7000 blocks of the Hwy). In Portlock, there are many gorgeous, newly constructed large-sized (4k+sq ft) island-style homes, usually on lots 11,000-20,000 sq ft, and some older (late 40's early 50's) Kama'anina homes, with square footage in the mid-2000s, as well. Prices on Portlock Road range from about $1.9M to $18M, with most of the homes in the $2.5-$6M range. (c) 2007, Yvonne Ma...
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By Yvonne Jaramillo Ahearn, Esq. (B), REALTOR-Broker, CRS, GRI, ABR CLHMS
(Hawaii Life Real Estate Brokers)
Data current Sept. 2007The Queen's Gate neighborhood, located between Sandy Beach Park and Kalama Valley, includes homes on the North, odd-numbered (200-300 blocks) side of Kealahou Street, as well as those in the Queen's Gate gated community. The homes on Kealahou were built 1979-80, and all have Hawaii Kai Golf Course frontage. Lot size ranges from 9,700 to 11,400 sqft, and home size is mostly 1,900-2,500 sq ft.Queen's Gate was built in 1979 and is a lovely gated community of golf course-frontage homes, on the Hawaii Kai Golf Course. Ammenities include tennis courts, raquetball courts and a recreation center. There are two sections, QG 1 and QG 2, and QG 1 is to the North, entering on Kalohalani Pl, and QG 2 is South, entering on Makaaoa St. Original floor-plan square footage on these...
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Portlock Road, on the east end of Hawaii Kai, at the east tip of the island of Oahu, has long been known as one of the most exclusive residential areas on the island.  Henry Kaiser, who developed Hawaii Kai, built his multi-acre estate there, overlooking Diamond Head and Maunalua Bay, and many other legendary figures have owned property in this spectacular setting.  The area is named after Captain Nathaniel Portlock, who is remembered for writing the first published description of Pearl Harbor, in his journal, printed in 1789.  The diary related his experiences on a voyage of discovery in command of the British vessels King George and Queen Charlotte.Portlock Road parallels the clear, pristine waters of Maunalua Bay.  The residences on the water side enjoy views of Diamond Head and many...
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By Yvonne Jaramillo Ahearn, Esq. (B), REALTOR-Broker, CRS, GRI, ABR CLHMS
(Hawaii Life Real Estate Brokers)
Bizjournals.com recently analyzed United States Government Census Data to determine which US cities were the "Brainiest." The number one result, among large cities --- Seattle, with runner-ups San Francisco and Austin, TX.Not suprisingly, to those who live here, our beloved city of Honolulu, Oahu ranked #15 out of America's 53 Largest Cities. The study ranked the cities' brainpower based upon a formula that analyzed the percentage of people in each city holding high school, bachelor and advanced degrees, and who took college classes, even without attaining degrees. People under the age of 25 were not counted in calculating the percentages of the population with education. In Honolulu, of the 267,587 adults over the age of 25 who were counted, 31.10% held college or advanced degrees, and...
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By Barbara Abe
(East Oahu Realty)
Jim Schmit, architect of 9 unique homes at the base of Kamehame Ridge in Hawaii Kai, found opportunity where others only saw a thin stretch of land on a busy road. He is a modernist, and jumped at the chance to build a different kind of project, with a modern approach. The 2 completed homes look like warehouses from the outside, but inside you can see the blending of modern materials and an island-inspired courtyard and loft. Schmit is facing building challenges, not unusual in our island home. He's had to put in water, sewer, and repave the part of Hawaii Kai Drive fronting the project, after installing underground utilties. Each home is about 4,000 sq ft, and will sell for $1.5 million. The Bali Loft subdivision should be completed by 2009. Contact me for information about these homes...
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By 1SG (Ret.) David Kucic, President and Owner
(Hawaii Military Realty, Inc.)
Beware of Frauds Wearing Military MedalsBy: David Kucic, First Sergeant, USA (Ret)Hawaii Home Buying and Selling TeamThe Army Times recently published a story about SGT Richard McClanahan.  This guy (he doesn't deserve to be called a Soldier) wore a "Chest full of lies" as he tricked people into believing he was an actual war hero.  It disgusts me when I read about trash like him.And there are many more like him.  Look to your left and right at that person that says they are a war hero.  Are they really?  Did they earn the awards that they proudly display on their chest?"The FBI receives an average of 15 tips a week that alert them of phonies" says the report in the Army Times.There was also a report where they found a 76 year old man guilty of posing as an Army Major General. If you kn...
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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, Missouri 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, Missouri 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, Missouri 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...
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