Archive for February, 2010
If You Want To Be Healthy, Move To Honolulu
February 18th, 2010 categories: Rants & Riffs
The Honolulu Advertiser is reporting that Oahu is the healthiest place in Hawaii to live. If the weather, economy and life style weren’t enough, now you shouldn’t have any excuses for not packing up and moving to Honolulu!
“O’ahu is the healthiest place to live in Hawai’i, according to a new report that ranks the overall health of counties throughout the nation.” CLICK HERE TO READ THE HONOLULU ADVERTISER ARTICLE
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 Home Just Listed For Sale
February 18th, 2010 categories: For Buyers, Homes For Sale
Here is a Honolulu home that came on the market overnight. Feel free to call me, Keahi Pelayo, at 808-398-3220 if you would like to see this home. It is listed for sale by another company and I can fully represent your interests.
Marina West 4 bedroom 3-bathroom home on a 5,898 square foot lot. Built in 2002 this is a very nice house. 1 of 4 houses in this development that is on the marina. Central A/C, travertine, marble and extra high ceilings. $1,350,000. CLICK HERE FOR FACT SHEET.![hr1002760-10[1]](http://honolulurealestateviews.com/files/2010/02/hr1002760-101.jpg)
![hr1002760-2[1]](http://honolulurealestateviews.com/files/2010/02/hr1002760-21.jpg)
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Mililani House Just Listed For Sale
February 18th, 2010 categories: For Buyers, Homes For Sale
Here is a Mililani home that came on the market yesterday. Feel free to call me, Keahi Pelayo, at 808-398-3220 if you would like to see this home. it is listed for sale by another company and I can fully represent your interests.
Mililani 3 bedroom 2-bathroom home on a 5,589 square foot lot. At $575,000 this is the perfect home the person wanting to move out of condo living or trying to get into that first home. New carpet, travertine tile entry, solar hot water heater. This is a clean well maintained home. CLICK HERE FOR FACT SHEET.![hr1002706-1[1]](http://honolulurealestateviews.com/files/2010/02/hr1002706-11.jpg)
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Honolulu Condo Just Listed For Sale
February 18th, 2010 categories: Condos For Sale, For Buyers
Here is a Honolulu condo that came on the market over night. Feel free to call me, Keahi Pelayo, at 808-398-3220 to discuss this condo; I can represent you as it is listed with another company.
Honolulu Condo
Royal Capitol Plaza 1 bedroom 1-bathroom excellent city and mountain views. Lots of guest parking, very nice common areas and convenience store in lobby. Centrally located to downtown, city hall, the State Capitol, Ala Moana Shopping Center and much more. $329,000. CLICK HERE FOR FACT SHEET.![hr1002721-2[1]](http://honolulurealestateviews.com/files/2010/02/hr1002721-21.jpg)
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Good Signs From The California Market
February 17th, 2010 categories: The Market
The Los Angeles Times online is reporting some really good news.
“Home sale prices in Southern California showed fresh strength in January, bouncing 8.6% from the same month one year earlier — a period when the market was inundated with steeply discounted bank-owned properties.” CLICK HERE TO READ THE LA TIMES ARTICLE
As I have said in the past, in order for the Honolulu real estate market to get really healthy, the Hawaii tourism business needs to get stronger. In the past, Californians have made up a large percentage of visitors to Hawaii, so an improving Southern Californian real estate market may portend good things for their economy and for us.
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 Condos For Sale
February 17th, 2010 categories: Condos For Sale, For Buyers
Here are two Honolulu condos that came on the market over night. Feel free to call me, Keahi Pelayo, at 808-398-3220 to discuss any of them; I can represent you as they are listed with other real estate firms.
Honolulu Condos
Hokuloa 3 bedroom 3-bathroom town home with 1,384 square feet of living area. Remodeled in 2009. 2 car garage. $525,000. CLICK HERE FOR FACT SHEET.
Marina-front Mawaena Kai 3 bedroom 2-bathroom with 2 parking. If you have a boat, why not park it at your own dock. Centrally located to Costco, Safeway, dining and much more. $689,900. CLICK HERE FOR FACT SHEET.
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Three Honolulu Houses For Sale
February 17th, 2010 categories: For Buyers, Homes For Sale
Here are three Honolulu home listings that came on the market overnight. Feel free to call me, Keahi Pelayo, 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
Kapahulu 2 bedroom 2-bathroom home on a 5,000+ square foot lot. Centered between Diamond Head and Waikiki this is about as convenient as it gets. Built in 1930, this house is perfect for the person looking for a charming piece of Honolulu’s past. $718,000. CLICK HERE FOR FACT SHEET.
Keolu Hills 5 bedroom 4.5-bathrooms with 2,912 square feet of living area. Main house has 3 bedrooms and 2.5-bathrooms and there is a separate 1 bedroom and studio too. $998,000. CLICK HERE FOR FACT SHEET.
Waialae Country Club 11th Hole location! 4 bedrooms with 3.5-bathrooms. This single story home was built in 2004 and it offers exquisite detailing. Believe me, this is about as good as it gets! $5,250,000. CLICK HERE FOR FACT SHEET.
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Honolulu Commercial Real Estate Update
February 17th, 2010 categories: The Market
My friend Mark Bratton, a long-time Honolulu commercial real estatebroker, at Colliers Monroe Friedlander sent me a really good report on the Honolulu commercial real estate market. In general, it looks like this segment of our business has not yet bottomed, however, a turn maybe a year or two away. Here are a few of the more salient quotes.
“…as the combination of the lack of financing capacity, poor market conditions, and the faltering economy drove transaction activity to levels not seen since the aftermath of the Japanese bubble period in the early 1990’s.”
“At this point, properties that are unable to meet their lender’s required loan-to-value ratios could technically be placed into a default situation.”
“Hawaii’s commercial real estate market appears to have weathered the downturn with fewer casualties than those of major West Coast metropolitan markets. Despite weakening market conditions and the drop in transaction activity, the freefall in property values and dramatic upward swings in vacancy rates has not materialized. The jury is still out as to whether a more serious downturn will occur here. Although Hawaii has historically lagged behind mainland markets, the impact of this current recession was simultaneously felt with the rest of the nation.”
CLICK HERE FOR A COPY OF THE 8 PAGE REPORT
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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Slow Housing Starts Leading To Honolulu Housing Shortage?
February 16th, 2010 categories: Rants & Riffs, The Market
Never forget the old saying, “For every action, there is an equal and opposite reaction.” As most of you know the number of homes being built has slowed and Forbes.com has a really good article showing that this could lead to a housing shortage.
“We need one and a half million houses per year just to keep up with population growth,” Wesbury said in an interview with Steve Forbes. “And then if you throw in, you know, fires and tear-downs and just worn-out properties, we need 1.6 million or more per year. Right now, we’re down to about six and a half, seven months’ inventory whether you look at new homes or existing homes.”
“Privately owned housing starts in December 2009 were at a seasonally adjusted annual rate of 557,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4% less than where it was in November, which had 580,000 housing starts.” CLICK HERE TO READ THE ENTIRE ARTICLE
If this is the case and you don’t yet own a home, you may want to buy a house or condo now. A housing shortage would mean that there would be dramatic pressure for prices to go up!
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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Four Honolulu Houses For Sale
February 16th, 2010 categories: For Buyers, Homes For Sale
Here are four Honolulu home listings that came on the market over the long weekend. Feel free to call me, Keahi Pelayo, 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
Conveniently located in Moanalua Gardens this 4 bedroom 2.5-bathroom home has easy access to Downtown, Aiea or Windward-side. Well taken care of and ready for your personal touches to upgrade to your styles. Nice views & sitting just below Tripler Hospital. Nice mango & other fruit trees. 635,000. CLICK HERE FOR FACT SHEET.
Alewa Heights 5 bedroom 3.5-bathrooms with 4,033 square feet of living area. Great views and centrally located to downtown, private schools, University of Hawaii and much more. $1,395,000. CLICK HERE FOR FACT SHEET. 
Waialae Nui Ridge 4 bedroom 4-bathroom. Architectural showcase that has been recently remodeled. Cool rim location and central to the core of Honolulu. $1,250,000. CLICK HERE FOR FACT SHEET. 
Niu Valley 3 bedroom 2-bathroom with 1,828 square feet of living area. Designed by Architect Phillip White, this single level home blends indoor & outdoor living embodying old Hawaii charm. An open kitchen flowing into the dining and living areas, transitions to an inviting lanai overlooking a large manicured yard. The Plantation look includes 10 ft ceilings, hardwood floors, and built-in bookshelves. 1,080,000. CLICK HERE FOR FACT SHEET.
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