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Archive for January, 2010

Five Honolulu Houses For Sale

January 19th, 2010 categories: For Buyers, Homes For Sale

Here 5 listings that have come on the market in the last 24 hours.  Feel free to call me at 808-398-3220 if you would like to see any of these Honolulu homes.  These are listed for sale by other companies and I can fully represent your interests.

Honolulu Homes

Pauoa Valley is one of Honolulu’s more desirable neighborhoods.  It is close to everything and, I am told, that the valley has an incredible feel of “community”.  This 3 bedroom 2-bathroom is on a quiet street and has very nice views.  Priced at $699,000. CLICK HERE FOR FACT SHEET.

Sierra Drive 5 bedroom 3.5-bathroom Kaimuki house.  3,372 square feet of living area, built on 4,266 square feet of land.  Priced at $1,148,000. CLICK HERE FOR FACT SHEET.

Marina front home with boat dock. Located in Hawaii Kai this 4 bedroom 4-bathroom Honolulu home is central to dining, shopping, surf, beaches and more.  $1,449,000. CLICK HERE FOR FACT SHEET.

Portlock/Triangle area. 5 bedroom 4.5-bathroom, two story home with really nice views.  Large 15,330 square foot lot.  Large family room perfect for entertaining.  $1,595,000. CLICK HERE FOR FACT SHEET.

A historic “Dickey” home for sale on one of Honolulu’s legendary streets, Makalei Place.  It has 5 bedrooms with 5-bathrooms and 3,761 square feet of living area.  Built in 1932, but restored in 2009, buy your piece of history for $3,285,000. CLICK HERE FOR FACT SHEET.

SEARCH FOR YOUR HONOLULU HOME

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Predictions For The Honolulu Real Estate Market

January 19th, 2010 categories: The Market

A Forbes writer, Stephane Fitch, had a very interesting macro view on the U.S. real estate market.  Though his article leans toward the commercial side of the business, mental gymnastics will allow us to draw some information relevant to the Honolulu real estate market. Here is the gist of his article.

“The year 2010 will see an end to “extend and pretend,” as in banks avoiding foreclosure on highly indebted office buildings, warehouses and shopping malls with loans coming due.” CLICK HERE TO READ THE FORBES ARTICLE

If he is right, how will this impact Oahu real estate?

1.  Since lenders will be more aggressive in pursuing foreclosure, we may see inventory build in the areas outside the core of Honolulu (Ewa, Kapolei, Makakilo, the north shore, west Oahu).  There may be foreclosures in the most desirable areas of Honolulu, but I don’t believe we will see a significant enough volume to impact overall values in this segment of our market.

2.  Increasing office vacancy rates will put pressure on rental rates and this year may be a great time to lock in a long-term lease for your business.

3.  Since our market is not over-built like many mainland markets, if lenders dump significant numbers of REO’s into the market, we may see minor downward pressure on values outside of the core Honolulu area.  However, given our current low levels of inventory we will need to see 50% more inventory come on the market to see significant negative shifts in prices.

SEARCH FOR YOUR HONOLULU HOME

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.

Spoken by Keahi Pelayo | Discussion: No Comments »

Hawaii’s Foreclosures Are Up, But Is This Good?

January 18th, 2010 categories: The Market

Last Thursday’s Honolulu Advertiser reported an increase in foreclosures in Hawaii, but the subtitle read as follows, “data suggest worst may be over”.  Deep in the article you find the answer postulated below.

“In what may be a silver lining, Hawai’i’s foreclosure count was largely due to a flurry of auction notices, which are filed near the end of the foreclosure process. Auction notices represented 1,241 of the 1,534 filings in December. Auction notices involve foreclosure cases that were started in earlier months.” CLICK HERE TO READ THE HONOLULU ADVERTISER ARTICLE

I guess they believe that in order for things to get better they have to get worse.  In other words, they see this as a peak in foreclosure filings and they expect a decline hereafter.  Let’s watch and hope.

SEARCH FOR YOUR HONOLULU HOME

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.

Spoken by Keahi Pelayo | Discussion: 2 Comments »

Five Honolulu Houses For Sale

January 18th, 2010 categories: For Sellers, Homes For Sale

Here are five Honolulu house listings that came on the market over the weekend.  Feel free to call me at 808-398-3220 to discuss any of them, I can represent you as they are listed with other real estate firms.

Honolulu Homes

Aiea Heights 3 bedroom 2.5-bathroom house.  Hardwood floors, split a/c, oak cabinets.  Central location.  $599,950.  CLICK HERE FOR FACT SHEET.

Honolulu marina front home. Only one next door neighbor.  3 bedrooms 2-bathrooms, 1,734 interior square feet.  8,574 square feet of land.  $850,000.  CLICK HERE FOR FACT SHEET.

Manoa 3 bedroom 3-bathroom, 1,701 square feet of interior space.  8,586 square foot lot. $888,000. CLICK HERE FOR FACT SHEET.

Kaimuki/Wilhemina Rise 6 bedroom 2,428 square foot home.  5,670 square feet of land.  $925,000.  CLICK HERE FOR FACT SHEET.

Dowsett/Kaohinani 10 bedroom 9-bathroom.  Huge 16,589 square foot lot.  One of Honolulu’s most desirable neighborhoods.  $1,099,000. CLICK HERE FOR FACT SHEET.

SEARCH FOR YOUR HONOLULU HOME

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One Honolulu Condo For Sale

January 18th, 2010 categories: Condos For Sale, For Buyers

Here is the best condo listing that came on the market over the weekend.  Feel free to call me at 808-398-3220 to discuss any of them, I can represent you as they are listed with other real estate firms.

The Four Paddle is one of my favorite Waikiki Condos. The building has been well managed and has guest parking.  It appeals to buyers from Hawaii and off island.  This unit is beautifully remodeled and ready for you to move in now!  It offers sunset views and much more.  VA and FHA approved, priced at  $349,000, this one will sell fast.  CLICK HERE FOR FACT SHEET.

SEARCH FOR YOUR HONOLULU HOME

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Hawaii Retail Vacancy Rises

January 15th, 2010 categories: The Market

Pacific Business News is reporting an increase in the retail vacancy rate.  Here is the good news, according to the report most of the increase has occurred on the neighbor islands.  That’s bad for Maui, the Big Island and Kauai, but good for Honolulu real estate.

“Hawaii’s retail vacancy rate rose more than a percentage point to 3.5 percent in 2009, although the bulk of that vacancy is on the Neighbor Islands, according to a new report.” CLICK HERE TO READ THE PACIFIC BUSINESS NEW ARTICLE

SEARCH FOR YOUR HONOLULU HOME

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.

Spoken by Keahi Pelayo | Discussion: No Comments »

One Honolulu Condo For Sale

January 15th, 2010 categories: Condos For Sale, For Buyers

Here is the best condo listing that came on the market over night.  Feel free to call me at 808-398-3220 to discuss any of them, I can represent you as they are listed with other real estate firms.

Heritage House 2 bedroom 2-bathroom with 1,040 interior square feet of living area.  Bamboo and travertine flooring, granite counters and much more.  Just think very, very nice.  $535,000.  CLICK HERE FOR FACT SHEET.

SEARCH FOR YOUR HONOLULU HOME

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Three Honolulu Houses For Sale

January 15th, 2010 categories: For Buyers, Homes For Sale

If you have a budget around $4,500,000 or less, two of these homes look very nice.  Feel free to call me at 808-398-3220 to discuss any of them, I can represent you as they are listed with other real estate firms.

Honolulu Homes

Manoa 5 bedroom 2-bath home on rarely available huge 2.39-acre lot.  Priced to sell at $1,595,000. CLICK HERE FOR FACT SHEET.

Hawaii Loa Ridge 4 bedroom 4-bathroom house with 3,300 square feet of living area.  Large 21,839 square foot view lot.  Gated community. $2,288,000. CLICK HERE FOR FACT SHEET.

Kahala Avenue 5 bedroom 5.5-bathroom home with 5,537 square feet of living area.  4-car garage and separate area for extended family of live-in help.  $4,490,000. CLICK HERE FOR FACT SHEET.

SEARCH FOR YOUR HONOLULU HOME

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Strength Of Honolulu Real Estate Confirmed

January 14th, 2010 categories: For Sellers, The Market

Pacific Business News is reporting that Trulia.com has pegged a very good trend in the Honolulu real estate market.

“Honolulu home prices are among the most stable in the U.S., with sellers only rarely having to cut their asking prices, according to a new survey.” CLICK HERE TO READ THE PACIFIC BUSINESS NEW ARTICLE

I believe this confirms that your investment in a Honolulu home will, over the long-term, do better than if you purchased in other parts of Oahu, Hawaii or the mainland United States.

SEARCH FOR YOUR HONOLULU HOME

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.

Spoken by Keahi Pelayo | Discussion: No Comments »

Two Honolulu Condos For Sale

January 14th, 2010 categories: Condos For Sale, For Buyers

Here are the best two condo listings that came on the market over night.  Feel free to call me at 808-398-3220 to discuss any of them, I can represent you as they are listed with other real estate firms.

Honolulu Condos

Harbour Ridge 1 bedroom 1-bathroom, 594 square feet interior.  Central to Hickam Airforce Base and Fort Shafter.  $245,000.  CLICK HERE FOR FACT SHEET.

Iolani Regent 576 square foot 1 bedroom 1-bathroom with large 133 square foot lanai.  Close to Iolani School, Kapahulu, Waikiki and the University of Hawaii.  You will love the remodeled condition of this apartment.  $359,000.  CLICK HERE FOR FACT SHEET.

SEARCH FOR YOUR HONOLULU HOME

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