Archive for the 'For Sellers' Category
Honolulu Home Median Prices at $1,000,000?
March 4th, 2010 categories: For Buyers, For Sellers, The Market, Video For Buyers, Video For Sellers
A local economist, Paul Brewbaker, is predicting a median price of $1,000,000 for homes on Oahu and in Honolulu by 2020.
“While Oahu homeowners might not see much price gain over the next few years, the market is on its way up and the median single-family home could be worth more than $1 million by the dawn of the next decade, said renowned Honolulu economist Paul Brewbaker.” CLICK HERE TO READ THE ENTIRE HONOLULU STAR BULLETIN ARTICLE
Today’s video blog talks about Mr. Brewbaker’s past accuracy and why one should believe him.
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.
More Video Blogs
Honolulu Real Estate Is A Good Investment
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What The February Honolulu Real Estate Statistics Mean
March 2nd, 2010 categories: For Buyers, For Sellers, The Market, Video For Buyers, Video For Sellers
The Honolulu Board of Realtors publishes its monthly statistical report concerning the real estate resale market for the island of Oahu. In general, reading the tealeaves, there are positive numbers throughout the report. In today’s video blog, I focus on the most relevant information and one number, not in the report, that shows a great deal of momentum in the Honolulu real estate market.
CLICK HERE FOR A COMPLETE COPY OF THE 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.
More Video Blogs
Honolulu Real Estate Is A Good Investment
| Discussion: 1 Comment »
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]](http://honolulurealestateviews.com/files/2010/02/hr1001457-31.jpg)
![hr1001457-1[1]](http://honolulurealestateviews.com/files/2010/02/hr1001457-11.jpg)
| Discussion: 2 Comments »
Two Honolulu Houses For Sale
January 28th, 2010 categories: For Sellers, Homes For Sale
Here are two 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
Kapahulu 5 bedroom 3-bathroom home (CPR). There is central and there is central! This home is about a mile from Diamond Head, Kaimuki, Ala Wai Golf Course, Waikiki, Iolani School and more! $699,000. CLICK HERE FOR FACT SHEET.![hr1001459-10[1]](http://honolulurealestateviews.com/files/2010/01/hr1001459-101.jpg)
Literally a block to the University of Hawaii and about 3 blocks from Punahou. This 3 bedroom 2.5-bathroom, 1,904 square foot home was built in 1992. Note that it is part of a CPR. $825,000. CLICK HERE FOR FACT SHEET.![hr1001393-1[1]](http://honolulurealestateviews.com/files/2010/01/hr1001393-11.jpg)
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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.![hr1000871-1[1]](http://honolulurealestateviews.com/files/2010/01/hr1000871-11.jpg)
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.![hr1000739-5[1]](http://honolulurealestateviews.com/files/2010/01/hr1000739-51.jpg)
Manoa 3 bedroom 3-bathroom, 1,701 square feet of interior space. 8,586 square foot lot. $888,000. CLICK HERE FOR FACT SHEET.![hr1000789-1[1]](http://honolulurealestateviews.com/files/2010/01/hr1000789-11.jpg)
Kaimuki/Wilhemina Rise 6 bedroom 2,428 square foot home. 5,670 square feet of land. $925,000. CLICK HERE FOR FACT SHEET.![hr1000811-2[1]](http://honolulurealestateviews.com/files/2010/01/hr1000811-21.jpg)
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.![hr1000778-2[1]](http://honolulurealestateviews.com/files/2010/01/hr1000778-21.jpg)
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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.
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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Proposed Tax Increase To Hit Many Honolulu Home Sellers!
January 14th, 2010 categories: For Sellers, Rants & Riffs, The Market
Today’s Honolulu Star Bulletin is reporting that one of our State Legislators is proposing a tax increase on “high-priced homes”.
“Rep. Rida Cabanilla, the House housing chairwoman, said she would propose a hike in the conveyance tax on homes priced more than $600,000, as one of the options for addressing homelessness.”CLICK HERE TO READ THE HONOLULU STAR BULLETIN ARTICLE.
Given that the median price of a house on Oahu has been bouncing between $550,000 and $600,000 for the last 6 months, I don’t understand why Ms. Cabanilla would want to expose the vast majority of home sellers to her knew tax. Clearly, Honolulu homes in the market segment that she is targeting are not luxurious by any means. Since her proposed tax would be assessed at the sale of a property, this penalizes sellers that should not necessarily be viewed as being the wealthy (not that I think it is right to tax the wealthy). In fact, if a person purchased their home 20 or more years ago, it could easily be worth more than $600,000. During these slow economic times, we don’t need to place any further tax burden on the Hawaii real estate market. If you would like to let the Representative know your thoughts, feel free to contact her using the information below.
Representative Rida Cabanilla
42nd Representative District
Hawaii State Capitol, Room 442
415 South Beretania Street
Honolulu, HI 96813
phone 808-586-6080; fax 808-586-6081
E-mail repcabanilla@Capitol.hawaii.gov
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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Diamond Head Home & Ocean Views for $3,945,000
January 7th, 2010 categories: For Buyers, For Sellers
This pool and view come with a really nice 5 bedroom 5 bathroom home. It is steps from Kapiolani Park, the surf and Kaimana Beach.
CLICK HERE FOR A COPY OF THE MLS SHEET.
If you would like to discuss this home, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net. Remember, this is listed for sale by another company and I can represent you in this purchase.
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Honolulu Real Estate Stats Point To Good 2010
January 4th, 2010 categories: For Buyers, For Sellers, The Market
I haven’t seen anything posted by the Honolulu Advertiser or Honolulu Star Bulletin regarding the recently released December (12/31/2009) Honolulu Board of Realtors statistical report.
Below is a summary of the salient statistics.
Total Number Of Sales (Houses & Condos)
2008-6,674 2009-6,052 622 fewer units sold (down by 9.3%)
Median Number Of Days On Market
12/08 Houses-65 days 12/09 Houses-34 days (-48%)
11/08 Condos-53 days 12/09 Condos-36 days (-31%)
Inventory Of Active Residential Listings
12/08 Houses-2,033 12/09 Houses-1,100 (-46%)
12/08 Condos-2,634 12/09 Condos-1,588 (-40%)
Months Of Remaining Inventory
12/08 Houses-12.0 months 12/09 Houses-4.2 months (-65%)
12/08 Condos-13.1 months 12/09 Condos-4.6 months (-65%)
Number Of Units Sold
12/08 Houses-194 12/09 Houses-265 (+37%)
12/08 Condos-243 12/09 Condos-349 (+44%)
CLICK HERE FOR A COPY OF THE DECEMBER HONOLULU BOARD OF REALTORS STATISTICAL REPORT.
What does this information lead me to predict?
1. Extremely low inventory means that the Honolulu real estate market should be brisk in January and February. I’ll go out on a limb and say that it will be the best seller’s market we have seen in the last 2 years.
2. Low interest rates, tax credits for first time buyers and move up buyers and continued improvement in the national economy will add fuel to a seller’s market fire.
3. Restrictive lending and appraisal guidelines will be a damper on price appreciation. This may mean buyers will be able to by at okay prices even though the market should strongly favor sellers.
With all of this in mind, if you are a buyer, it is a terrific time to buy! If you are a seller, low levels of inventory favor sellers and now may be a good time to sell!
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 »
Considering Selling Your Honolulu Property? NOW Is The Time To Get It Listed!
December 23rd, 2009 categories: For Sellers, The Market
If you are planning on selling your Honolulu home or condo after the first of the year, then right now, today, this moment is the time meet with me to get it listed for sale. Here is why.
1. Time to prepare. Both of us will have the time to prepare for the marketing effort. You can tidy up and I can get our marketing materials ready for issuance on Thursday, December 31st, 2009. This way your property will be available to be found over the long New Years weekend.
2. You will be put in a position to take advantage of one of stronger up-cycles in our market. Every January and February we see the number of sales dramatically increase! Lots of buyers get back in the market after having taken most of November and December off to celebrate the holidays.
3. You will beat much of the competing house and condominium inventory to the market. You can bet that there are a large number of people planning on putting their home on the market after the first of the year. If they begin the process in the first week of January, you will see lots of new inventory coming to the market as the month progresses. By listing as recommended above, you will have the first shot at all of the buyers coming into the market.
Call me at 808-737-2093 or toll free at 877-737-2093 to discuss taking advantage of this pickup in the market. You can email me at keahi@lava.net
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