Archive for September, 2009
An Explanation Of The Good Honolulu Real Estate Market
September 16th, 2009 categories: For Buyers, For Sellers
Pacific Business News reported that Honolulu has the 20th strongest performing economy in the United States.
“During the second quarter of 2009, Honolulu lost jobs at a slower rate compared to the first quarter, the report said. Honolulu’s employment was off 2.5 percent, ranking it No. 26 among the 100 metros. The unemployment rate was up 2.7 percent in June, compared to the same 2008 month, ranking 18th; the GMP lost 1.5 percent from its peak, ranking 9th; and housing prices were down year over year by 3.6 percent, ranking 64th.”
CLICK HERE TO READ THE ENTIRE PBN ARTICLE
Let me be clear, the much touted economic slow down, however, it does not seem to be as bad as the national economy. This could explain why the core Honolulu real estate market seems to have not taken the hit that other markets are reporting.
If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.
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Two Honolulu Homes & Condos For Sale
September 16th, 2009 categories: Condos For Sale, For Buyers, Homes For Sale
A review of the new home and condo listings put on the market in the last 24 hours produces these interesting offerings.
Honolulu Homes
Kapahulu Corner Lot, 2 bedroom 1 bathroom home-$624,000
Diamond Head Oasis, 3 bedroom 2 bathroom-$1,198,000
Honolulu Condos
Near Hickam Air Force Base, 2 bedroom 2 bathroom-$267,000
Kahala Towers, 2 bedroom 2 bathroom-$439,000
Email me at keahi@lava.net or call me at 808-398-3220 and let’s schedule a time to see one of the properties. Again, for clarity, these properties are listed by other companies.
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Newly Listed Honolulu Homes and Condos
September 15th, 2009 categories: Condos For Sale, For Buyers, Homes For Sale
As a Honolulu Realtor, I have almost immediate access to the most recently listed homes and condos. For clarity, these listings are offered by other real estate firms and I have not yet seen them (they are too new), but on paper they look like good opportunities. If any of them catch your eye just click on it and a PDF of the MLS fact sheet will be available.
Honolulu Homes For Sale
Kaimuki 3 bedroom 1.5 bathroom home-$589,000
Foster Village 4 bedroom 2.5 bathroom-$699,000
Lower Waialae Iki 3 bedroom 2 bathroom-$725,000
Koko Head Terrace 3 bedroom 2 bathroom-$759,000
Honolulu Condos For Sale
Close to University 1 bedroom 1 bathroom-$272,000
High floor Diamond Head view 1 bedroom 1 bath-$310,000
Punahou area 2 bedroom 1 bathroom-$350,000
Punahou area 2 bedroom 2 bathroom-$359,000
Block from City Hall 2 bedroom 2 bathroom-$489,000
Nuuanu city view 2 bedroom 2 bathroom-$512,000
Iolani School area 2 bedroom 2 bathroom-$515,000
Email me at keahi@lava.net or call me at 808-398-3220 and let’s schedule a time to see one of the properties.
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Lenders Slowing Recovery of Honolulu Real Estate Market
September 14th, 2009 categories: Mortgages & Financing
As a Honolulu Realtor that is in the core Honolulu real estate market everyday, I am sensing that it would like to start moving up! Because the banking industry has instituted very tight lending and appraising guidelines, the market has been held back from a quick and stronger recovery. Here is why. Read the rest of this entry »
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Honolulu Home For Sale-Manoa Duplex
September 11th, 2009 categories: Mortgages & Financing
It is not often that I walk into a property and wonder to myself, “Why hasn’t this property sold?” That happened this past Wednesday when I visited this well presented Honolulu home. Located in one of Honolulu’s most desirable neighborhoods, Manoa, you could live in the upstairs and rent out the downstairs. Or if you have extended family, you could live together with both parts of the family having quite a bit of privacy. Here are the salient points concerning the house. Read the rest of this entry »
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Honolulu Condo For Sale
September 10th, 2009 categories: Condos For Sale, For Buyers
Part of being a successful Honolulu Realtor is staying on top of the available inventory (homes and condos for sale). This involves seeing properties that are listed for sale in the Multiple Listing Service (MLS) and, time permitting, homes that are being sold for sale by owner (FSBO). This week I had the good fortune to see a condo offered by the owner, in a centrally located and well thought of building. The following are the details of the unit. Read the rest of this entry »
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Re-Use Your Honolulu Home!
September 9th, 2009 categories: Rants & Riffs
The age of Honolulu’s existing housing stock means that it is not unusual to see an older home being torn down to make way for a new one. Typically, heavy equipment is brought to the site and the old home is literally torn apart piece by piece and placed in a huge trash bin. The waste is then sent to the Waimanalo Gulch dump and our precious available land-fill is decreased by one the size of one trashed house. Pacific Business News recently featured a cool company called Re-Use Hawaii.
“Construction and demolition waste make up 35 percent of Hawaii’s waste stream,” said Quinn Vittum, Re-use Hawaii’s “deconstruction” program manager. “Salvaging this material and redistributing it back into use makes a big impact.” For Re-use Hawaii, deconstruction is not a literary theory but a “systematic disassembly” designed to reuse the maximum amount of material from a building.” CLICK HERE TO READ THE PACIFIC BUSINESS NEWS ARTICLE
Sounds like a great place to save money on various parts needed for building your Honolulu dream home. Because they are a tax exempt 501(c)3, bringing them in to do the demolition of your home should be good for the environment and your wallet (ask you account about taking advantage of a tax deductible receipt).
If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.
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Honolulu Real Estate & Life Expectancy
September 8th, 2009 categories: For Buyers, The Market
A recent Honolulu Advertiser article notes that Hawaii’s life expectancy has been pegged as the longest in the United States.
“Yesterday’s report did not list life expectancy by state, but a 2007 report said Hawai’i was No. 1 with a life expectancy of 81.3 years. That report was done by the Manhattan Institute for Policy Research.”CLICK HERE TO READ THE HONOLULU ADVERTISER ARTICLE
Are you thinking, “Keahi, what does that have to do with buying Honolulu real estate?” Here are a few relationships.
1. Longer life means more time for your Honolulu home or condo to appreciate before the Grim Reaper takes you. This means that by purchasing now you will have more equity appreciation in Hawaii, than if you lived in a state or country with a shorter life expectancy.
2. Get longer term financing. In Honolulu, homes turn over less often, therefore getting longer term financing locks in today’s low interest rates and helps you to avoid additional refinancing costs 10 or 15 years from now.
3. You may want to buy newer or recently remodeled. Since you will live longer, your home is going to have to last longer. Buying the newest property that you can afford will give you a property that can go longer without your having to remodel it.
4. Understand that the home, which meets your family needs today, may be too big and too much maintenance when you are retired. Plan on downsizing by using the equity in your larger home to purchase the condo or care situation that is going to serve you through the end of your life. Proper planning will assure that your spouse can remain in your home once you check out (assuming your go first).
5. Due to cyclical nature of the economy and your longer life on Oahu, you will be exposed to more financial cycles than your mainland counter part. Since real estate has traditionally been a good hedge against inflation, being in Oahu real estate now sets up your future inflation hedge.
If the expectancy numbers are correct, then Hawaii residents will enjoy long and happy lives. Insure the best for you and your family by using your home to your advantage.
SEARCH FOR YOUR HONOLULU HOME
http://honolulurealestateviews.com/home-search/
If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.
| Discussion: 1 Comment »
Why Pay More? Buy Your Honolulu Home Now!
September 4th, 2009 categories: For Buyers, The Market
If you are a buyer waiting for the Honolulu home market to bottom out, then you may not want to wait much longer. Wednesday and Thursday’s posts pay a great deal of attention to how low core Honolulu’s inventory has become and, as a result, I am surprised that there is not more momentum in the real estate market. If the factors suppressing more market exuberance disappeared, then I the Honolulu market could turn on a dime. Here is what to watch. Read the rest of this entry »
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Honolulu Newspapers, Do They Know The Market?
September 3rd, 2009 categories: Rants & Riffs
Here we go again! The Honolulu Board of Realtors issues it’s monthly statistical report and the local newspapers read the runes and tell us what they think is really going on. Below are the headlines and a little of what each paper printed. Read the rest of this entry »
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