Archive for October, 2009
Six Honolulu Listings Worth A Look
October 19th, 2009 categories: Condos For Sale, For Buyers, Homes For Sale
These six Honolulu properties were listed over the weekend. Though I haven’t seen them, they look interesting on paper. Check them out.
Honolulu Homes
Moanalua Gardens, 3 bedroom 1.5 bathrooms, $539,000
Kalama Valley, 3 bedroom 2 bedrooms, 7,500 square foot lot, $730,000
Koko Head, 4 bedroom 2 bathrooms, almost 1,900 square feet living area, $780,000
Honolulu Condos
Marco Polo, 2 bedroom 2 bath, central to University of Hawaii, $419,900
Hawaii Kai Townhome, 2 bedroom 2 bathrooms, 2 car garage, $438,000
Walk to Ala Moana, 2 bedroom 2 bathrooms, 3 years new, big views, $798,000
These listings are offered for sale by other real estate companies and I can represent you. 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.
| Discussion: 1 Comment »
Inspiring Song Reminds You Why America Is Great!
October 16th, 2009 categories: Rants & Riffs
On a lighter note (no pun intended) here is a patriotic song worth listing to.
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: No Comments »
Should I Take The Hit Now or Rent My Honolulu Home?
October 16th, 2009 categories: For Sellers
A Forbes on-line article started me thinking about selling a home when it is not worth the value the owner paid for it. The article makes it seem really easy to rent it until the price of the home rises to the point that the home can be sold at a profit. Read the rest of this entry »
| Discussion: No Comments »
Three Honolulu Homes & Three Honolulu Condos For Sale
October 15th, 2009 categories: Condos For Sale, Mortgages & Financing
Here are more interesting Honolulu home and condo listings that have come up for sale over the last days.
Honolulu Homes
Moiliili, 4 bedroom 2 bathroom, $735,000
Walk to Diamond Head, Kapahulu, 4 bedroom 3 bedroom, $779,000
Diamond Head, Swim To Black Point, 4 bedroom 3 bathroom, $2,495,000
Honolulu Condos
Walk To Walmart, 2 bedroom 2 bath, Terrific Building, $299,000 (LH)
Diamond Head, 1 bedroom 1 bathroom, Top Floor, $375,000
Imperial Plaza, 2 bedroom 2.5 bathrooms, 2 parking, Gigantic Views, $649,000
These listings are listed by other real estate companies and I can represent you. 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.
| Discussion: 1 Comment »
Maui Bottoms (not bikinis!) Good For Honolulu Real Estate
October 14th, 2009 categories: Rants & Riffs
In the past I have separated the Honolulu real estate market from the respective markets of the neighbor islands. Generally, Oahu’s diverse economy has helped it to fair much better in the midst of a slow down in tourism. The outer-islands are very tied to the travel business and therefore, they seem have experienced a much more dramatic negative hit in this recession. The Maui News is reporting that there are signs of improvement in the Maui real estate market. Read the rest of this entry »
| Discussion: 1 Comment »
Honolulu Condo For Sale-It Is All About The View!
October 13th, 2009 categories: Condos For Sale, For Buyers
Just listed! Located on the slopes of Punch Bowl, you will buy this very clean apartment because of the magnificent unobstructed views from downtown Honolulu, to the airport and ocean. Two stories of floor to ceiling glass facilitates this breath taking painting!
Price: $475,000
Building: Ka Hale Moi
Address: 666 Prospect Street
Bedrooms: Two (2)
Bathrooms: Two (2)
Interior Square Footage: 960
Lanai Square footage: 105
Parking: 1 covered stall with a wall on one side (this is good)
Maintenance Fee: $443
Condition: Super clean ready to move in.
CLICK HERE FOR A MARKET ANALYSIS OF KA HALE MOI
CLICK HERE FOR A MLS FACT SHEET
New carpet, fresh paint, clean appliances and kitchen and bathroom cabinets make this condo perfect for the person who just wants to buy and start living. No work or remodeling required. A few short minutes from Waikiki, Kahala, Ala Moana, downtown Honolulu, private schools, the University of Hawaii and everything Honolulu has to offer.
Email at keahi@lava.net or call me at 808-398-3220 to set up a private showing of the unit.
| Discussion: 1 Comment »
Blaspheming!
October 9th, 2009 categories: For Buyers, For Sellers, Mortgages & Financing, Rants & Riffs
As much as I try to stay in my area of expertise (Honolulu real estate), I am going to drag you and myself into the impact of national tax policies and attitudes on the value of homes and condos on Oahu. I read Real Clear Markets every morning because they do a good job of conglomerating (wow, $2 word) financial articles from many different sources. Anyway, they posted a link to an article at the Wall Street Journal that talked about the beating the dollar has been taking against other world currencies. The quote that caught my eyes is below. Read the rest of this entry »
| Discussion: 1 Comment »
A Jumbo ARM Doesn’t Look Good At The Beach!
October 8th, 2009 categories: Mortgages & Financing, The Market
I am generally an optimist. I believe that in most things, silver linings can be found. Over the last few months we have seen a trickle of good Honolulu real estate news (increasing sales and shrinking inventory as an example) turn into a stream. As long as a buyer is a long-term investor, I am always comfortable buying now.
As for selling, we very well may be at a bottom in the market, so does this mean it is a bad time to sell since rising home prices could be coming? My short answer is I don’t know. The long answer is that according to many much smarter watchers of the economy, there are things like a looming commercial mortgage default boom, expanding unemployment and increasing national deficits. While reading Forbes on-line this morning they added another potential problem for the financial industry to work through…resetting adjustable rate jumbo mortgages.
“But looming behind these ordinary jumbos, there’s a worrisome, wealthy man’s subprime crisis in the works. Many of the well-off took out “option-ARM” or “Alt-A” loans. The attraction: Little or no proof of income to qualify for the loans and, often, artificially low payments for five years after they were granted. Problem is, these loans demand higher catch-up payments in later years so even if rates fall, monthly bills will rise.” CLICK HERE TO READ THE ENTIRE FORBES ARTICLE
I can tell you that among the people I know, I am not aware of any that have used an adjustable jumbo to buy a property. If this is the case (hopefully it is) for the balance of Honolulu’s jumbo buyers, maybe Oahu can be spared the pain of the shake out. On a national basis, many of these loans were take out and the resetting of the base interest rate is on the horizon. If interest rates remain low, these barrowers could actually experience a reduction in their monthly payments, wouldn’t that be great. But if rates rise, they could experience significant increase in monthly payments and the fear is that this will drive them into defaulting on the loan. Increasing defaults would lead to more foreclosures and this could act as a damper on markets where these homes are located.
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: 2 Comments »
3 House, 5 Condos and a Four-Plex All IN Honolulu
October 7th, 2009 categories: Condos For Sale, For Buyers, Homes For Sale
Here are a eight of the more interesting listing that have come up over the last four days. Read the rest of this entry »
| Discussion: No Comments »
Honolulu Real Estate Statistics
October 6th, 2009 categories: For Buyers, For Sellers, The Market
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: No Comments »
; ?>/images/MatoChiclet.gif)
