Archive for February, 2010

Two Honolulu Houses For Sale

February 8th, 2010 categories: For Buyers, Homes For Sale

Here are two home listings that have come on the market over the weekend.  Feel free to call me, Keahi Pelayo, at 808-398-3220 if you would like to see either of these Honolulu homes.  These are listed for sale by other companies and I can fully represent your interests.

Honolulu Homes

Koko Head Terrace! 3 bedroom 1.5-bathroom with 1,070 square feet of living area.  You’ll be content in this charming location and quiet residential neighborhood. Nearby schools and parks make this an extra convenient location. Recreation, shopping and beaches are also close. It’s no wonder homes sell fast here. Very respectful neighbors, none in the back. Streets are wide with ample parking. Great fixer upper opportunity!  $530,000. CLICK HERE FOR FACT SHEET.hr1000335-1[1]

Waialae Nui fixer upper. Rim lot with panoramic ocean views from Hawaii Kai to Diamond Head. Two level home with 3 bedroom 2-bathroom upstairs and 3 bedroom 1-bathroom downstairs. Bring your contractor and tradesman and make it your dream home.  $825,000.  CLICK HERE FOR FACT SHEET.hr1002052-1[1]

SEARCH FOR YOUR HONOLULU HOME

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Are London & Honolulu Real Estate Related?

February 5th, 2010 categories: KU Realty

I am going to comment on a place I have never been and know nothing about.  The Wall Street Journal is reporting that the London real estate market is very strong.

“Looking at the real estate listings here is like stepping back in time to that unreal, giddy world of three years ago—before Lehman, before subprime, before AIG. Back to a period when everyone was either rich or on their way, either from flipping condos or running hedge funds, and the only direction was up.” CLICK HERE TO READ THE WALL STREET JOURNAL ARTICLE

What does this have to do with the Honolulu real estate market? London may suffer from the same lack of inventory that the Honolulu has been experiencing.  If supply is low and demand is up, then one would expect upward pressure on prices and competition for good properties.  I guess Honolulu and London have more in common than the Union Jack.

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.

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Wow! Beautiful Honolulu Home Just Listed For Sale!

February 5th, 2010 categories: For Sellers, Homes For Sale

This listing was literally put on the market in the last few hours.  It is located in one of Honolulu’s most desirable neighborhoods, Maunalani Heights.  It has 4 bedrooms 3.5-bathrooms and 2,215 square feet of living area.  What makes this home special is its rim lot (10,309 square feet) location and insanely fabulous views.  Priced at $1,325,000 I expect this home to sell very quickly.  Here is the best reason to buy this Honolulu house, I live up the street and we would be neighbors! Another real estate company lists this home for sale and I can represent you in your purchase.

CLICK HERE FOR A COPY OF THE MLS FACT SHEET.hr1001457-3[1]hr1001457-1[1]

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Two Honolulu Houses For Sale

February 5th, 2010 categories: For Buyers, Homes For Sale

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

Honolulu Homes

Kealaula Kai 3 bedroom 2.5-bathroom, 1,976 square feet of interior area. Looking for the perfect home, this is it! Everything is new – roof, windows, siding, inside & out. Just move in & enjoy the beautiful views & wide open spaces. Special details you find in homes twice the price.  $1,388,888.  CLICK HERE FOR FACT SHEET.hr1001945-1[1]

Noela Drive 6 bedroom 9-bathroom, 6,743 sqaure foot home. Its all about the LOCATION, the PRIVACY and the SPACE. A magnificent garden and a 50-ft pool welcome you into this grand private estate on one of the most desired streets in Honolulu.  The moon rising over Diamond Head sets the stage for large scale entertaining. $3,150,000. CLICK HERE FOR FACT SHEET.hr1001942-1[1]

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Three Honolulu Condos For Sale

February 5th, 2010 categories: Condos For Sale, For Buyers

Here are three Honolulu condos that came on the market overnight.  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

2121 Ala Wai.  2 bedroom. Rarely available corner unit on high floor. Relax on your breezy lanai over looking a spectacular panoramic view of Ala Wai Canal, Golf Course and the mountains. Unit has space for washer and dryer. Guest parking available. Conveniently located to Wakiki, beach, bus-line, shopping and restaurants. Maintenance fee includes electricity, water and basic cable.  $400,000. CLICK HERE FOR FACT SHEET.hr1000316-8[1]

1350 Ala Moana.  2 bedroom 2-bathroom. Ocean and Waikiki views! Prime location walking distance to beach, park, Ala Moana and Ward Shopping center. Enjoy outdoor and indoor activities in this building! One of the largest size units with extra size storage! Great amenities, security guards. $638,000.  CLICK HERE FOR FACT SHEET.hr1001935-0[1]

Kuapa Isle.  3 bedroom 2.5-bathroom. Marina Frontage end unit with excellent light, breezes and marina views. Spacious indoor-outdoor living with private covered lanai, side yard area and two-story design. Almost feels like single-family living. Great location and waterfront value.  $675,000.  CLICK HERE FOR FACT SHEET.hr1001974-3[1]

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Four Honolulu Houses For Sale

February 4th, 2010 categories: For Buyers, Homes For Sale

Here are four listings that have come on the market in the last 24 hours.  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

Lower Nuuanu. Immaculate detached 3-bdrm 2.5-bth CPR’d home in a great location. Only 8 yrs young. Open floor plan makes it feel a lot larger than 1,089 sq ft. Split A/C systems, solar water, marble, ceramic tiles, security system, tons of storage, low maintenance yard, 2 car garage and more. No maintenance fees makes this even attractive to condo buyers. $634,000. CLICK HERE FOR FACT SHEET.hr1001904-1[1]

Pauoa Valley. Situated at the top of a shared driveway off Uhini Place is this single family home that offers you a sense of privacy and views of the ocean and city from the living room and master bedroom. This home includes a rompus room that can be used as a separate living area. Great location, minutes away from Downtown Honolulu.   $669,000. CLICK HERE FOR FACT SHEET.hr1001905-1[1]

Dowsett hidden Gem! This unique property features two homes on one lot! The main home was specially designed & built to maximize the lush tropical settings; the swimming pool & hot tub area create the perfect setting for entertaining, w/solid mahogany wood details throughout, stainless steel appliances, granite counters & a natural running waterfall which flows into the tranquil Koi pond.Priced at $1,879,000. CLICK HERE FOR FACT SHEET.hr1001919-1[1]

KAHALA exquisite Island retreat walking distance to Kahala beach. Masterfully designed amid lush tropical landscaping comprised of 5 bedrooms, 5 & one half baths, gourmet chef’s dream kitchen, high quality custom details, a soothing color palette, 3 car garage & ultimate privacy. The classic open floor plan seamlessly connects the rich interior living areas to large covered veranda w/pool & spa. $3,200,000.  CLICK HERE FOR FACT SHEET.hr1001907-2[1]

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Four Honolulu Condos For Sale

February 4th, 2010 categories: Condos For Sale, For Buyers

Here are four Honolulu condos that came on the market overnight.  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

Nuuanu Brookside. Talk about a prime location and spectacular view, this conveniently located, move-in condition studio is PRICED TO SELL! Low leasehold rents until approx. 2070. $219,00. CLICK HERE FOR FACT SHEET.hr1001888-2[1]

Ala Wai Cove. Bright and Airy! Relax and enjoy the beautiful views and trades on your large lanai! Lots of storage! Near bus line and a super convenient location in town! A great starter place or investment opportunity! $289,000. CLICK HERE FOR FACT SHEET.hr1001874-8[1]

Four Paddle Condominium. Fall in love with Hawaii…feel the Aloha spirit.  A must see…breathtaking white water ocean view. This is a fully remodeled end unit. Professionally decorated, custom granite counter tops, light hardwood cabinets, designer lighting. A ‘one-of-a-kind exquisite bathroom with a kitchen built for a chef (Furnishings negotiable). $440,000.  CLICK HERE FOR FACT SHEET.hr1001848-8[1]

Nuuanu Parkside. Bright, breezy and amenities galore! Building features a wine cellar, a business center, security, a private park with BBQ, and a heated pool purified by salt. Beautiful views of the city, ocean and mountains from three lanais, and an easy drive to town. Tandem covered parking and pet-friendly. An American Home Shield Warranty policy is provided to Buyers.  $509,000.  CLICK HERE FOR FACT SHEET.hr1001910-3[1]

SEARCH FOR YOUR HONOLULU HOME

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Capital Gains Tax Going Up?

February 3rd, 2010 categories: Rants & Riffs, The Market

I have been selling real estate for 27 years and it seems the general trajectory for long-term capital gains taxes has been down.  In 1983, when I started in real estate, I recall a capital gains rate of 48%! According to the Wall Street Journal, the President’s new budget is proposing an increase.

“Under the budget plan, capital gains and dividends would be taxed at 20%, up from 15% now, for people at those income levels.” CLICK HERE TO READ THE WALL STREET JOURNAL ARTICLE

What impact could this have on Honolulu real estate?

1.  People will be more likely to hang onto their investment properties. Believe me, for investors, the capital gains tax is a serious consideration and some will decide not to sell.  This could lead to lower inventory in our market.

2.  Investors will sell and complete IRC Section 1031 Tax Deferred Exchanges.  An exchange allows a seller to sell and buy another property while deferring any capital gains tax they may have been due under a normal sale.

3.  If the State of Hawaii proportionally increases their capital gains tax, then the overall tax burden will be even greater and the disincentive for investors to sell will increase.

Here is my editorial comment, I don’t see how raising taxes in any manner is going to improve the economy.  If anything, the Feds should be looking at decreases in taxes to spur the private sector creation of jobs and opportunity.

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.

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Yahoo! Honolulu Real Estate Market Is Smoking!

February 3rd, 2010 categories: Rants & Riffs, The Market

The Honolulu Advertiser and Pacific Business News are both reporting really good news.

“O’ahu’s housing market started the year on a positive note, as the median price of previously owned single-family homes sold in January jumped 10.8 percent to $597,500 from $539,500 a year earlier.” CLICK HERE TO READ THE HONOLULU ADVERTISER ARTICLE

“January’s sales numbers for both single-family homes and condominiums are very encouraging for the Oahu real estate market,” said board President Brian Benton. “Competitive pricing, current inventory levels, and the extension of the federal tax credit seem to be turning house hunters into first-time home buyers.” CLICK HERE TO READ THE PACIFIC BUSINESS NEWS ARTICLE

Here are a few questions. How long will the Honolulu real estate market remain strong?  Why isn’t it stronger?  Could buyers be missing the boat on low prices?  Think about it.

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 »

Four Honolulu Houses For Sale

February 3rd, 2010 categories: For Buyers, Homes For Sale

Here are four listings that have come on the market in the last 24 hours.  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

Keolu Hills bedroom 3-bathroom home with 2,273 square feet of living area.  7,685 square feet of land. Lots of storage. $599,000. CLICK HERE FOR FACT SHEET.hr1001720-1[1]

Mariners Valley 4 bedroom 2-bathroom home, with 1,985 interior square feet.  Level 6,482 square feet of land.  $675,000. CLICK HERE FOR FACT SHEET.hr1001827-1[1]

Enchanted Lakes home on 7,500 square feet of land, with 3 bedrooms and 2.5-bathrooms.  Great swimming pool.  Priced at $875,000. CLICK HERE FOR FACT SHEET.hr1001796-2[1]

Kailua Bluffs. This is a large 2,888 square foot home with 3 bedrooms and 2.5-bathrooms.  Large lot with 10,913 square feet of land.  Recently remodeled.  $1,050,000. CLICK HERE FOR FACT SHEET.hr1001719-3[1]

SEARCH FOR YOUR HONOLULU HOME

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