Aloha Tony's Oahu Real Estate Blog

New loan regulations may have had a negative impact on the U.S. real estate market, but national figures differ noticeably from the very resilient Oahu real estate market.

Reuters reported last month that “U.S. home resales posted their sharpest drop in five years in November,” a 10.5% drop from October 2015. While some may see this is a potential warning sign for the health of the U.S. economy (especially after last week’s stock market plunge), NAR economist Lawrence Yun suggests that new regulations on paperwork for home purchases may have driven the decline.

What new regulations?

If you’ve been looking into real estate recently, you may have seen the acronym T.R.I.D. TILA-RESPA Integrated Disclosure Rule Implementation (TRID) went into effect

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Hawaii Kai is known for its great location on the south-east corner of Oahu, easy access to the ocean, and the quality of life. You can spend between $500K, up to just under $14 million on a home here. Here is a brief overview of Hawaii Kai.

In 1961, Henry J. Kaiser entered into a long term land lease with Bishop Estate, that would allow him to develop a large part of east Oahu (Hawaii Kai) into residential housing tracts and commercial properties. He had begun dredging, widening and deepening the Kuapa pond, which would later become canals, so that homes could be built along the waterways and boats could travel through them as well. Hawaii Kai was Oahu's very first planned community. Ironically, Kaiser had moved to Hawaii just 5 years prior, to

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Lalea in Hawaii Kai is a town home complex located at the end of Hawaii Kai Dr, just after you've passed the Hawaii Kai post office. It is a 29 building complex with 293 units within it. There are 1, 2, 3, and 4 bedroom units which creates a large range of buyers that may consist of singles, couples, and families. Units range between 750-1500 sq ft. Pets are OK (please verify). They were built in 4 stages that each took a year to complete between 1996-1999 and built by Castle & Cook Homes Hi.

 

                           

There are many things that make Lalea standout in the condo/townhome scene in Hawaii Kai: Their private park, heated pool, clubhouse and lots of private streets for walking with the family and pets. And, with all of the

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     As the summer selling season draws to a close and we start to approach the holiday season, I wanted to give you an idea of our local market and the trends that are happening now compared to last year.

     For single family homes and condo's, inventory is down in most area's which will tend to drive up prices. When X number of buyers are looking at Z number of houses, and X is greater than Z, that means bidding wars ensue (from buyers) which always end up pushing sale prices higher.

     For single family homes, median sales prices went up this year 6.45% compared to the median sales price in 2014. The average days on market went up 3 days, to 25 days on market, compared to last years 22 DOM.

     For condominium/town homes, the median sales

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        If you have a boat or you'd just like to live on the water, then you've definitely considered Hawaii Kai as your next home. Hawaii Kai is located in the south eastern corner of Oahu. It's considered Honolulu, but as Honolulu is such a broad area we all know it as Hawaii Kai. 

       As you ponder your options, here are a few things to consider. A town home/condo may be the best option for you. Unless you want a single family home, then you'll need at least $1,500,000 for marina front in Hawaii Kai.

     The prices for a marina front condo/TH in Hawaii Kai range from $380,000 for a 1 bedroom in the Esplanade, to $1,150,000 for a 3 bedroom town home on Koko Isle. Marina fee's are $400/year but some maintenance fees cover this. If you

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Homes on Oahu sell for higher at this time of year than any other, which means now may be the ideal time to sell your home. If you’ve wanted to list your property but had trouble deciding when, here is some valuable information to consider. 

Median home prices on Oahu have peaked in Nov/Dec in 3 of the last 4 years. Since the typical escrow period here is 45 days, the sales figures recorded in Nov/Dec reflect offers that were accepted in Sept/Oct. Historically, offers made in Sept/Oct are higher than the rest of the year. Check out the trends in the chart, below.

Oahu Median Home Prices By Season

 

Summer Peak

Post-Summer Dip

Winter Peak

2015

$710K (Jul)

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    With it's amazing location just in front of Koko Head crater in Hawaii Kai, the neighborhood of Koko Head Terrace makes coming home a beautiful thing.

    The homes in Koko Head Terrace were all originally built between 1965-1971 and were constructed by using the single wall method of construction. Single wall construction is quite common here (and in other tropical regions) as we do not need a method of heating for homes, which makes insulation unnecessary. A majority of traditional Hawaiian homes were built using single wall construction. With the homes having been built with single wall construction, they were all originally single story. When you see a 2 story home in Koko Head Terrace, it's safe to say that they had to have it

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     We recently sold a home in Makakilo-Anhuea, within the Palehua Home Owners Association. Anuhea is a subdivision developed by DR Horton-Schuler Homes in 2005. The homes are very well built with steel frames and nice floor plans. This neighborhood consists of 109 homes that are a CPR. CPR is short for Condo property regime. But these are all detached, single family homes. The CPR refers to the way that the land was split up by the developer.

 

    The floor plans are all very open and have nice sized bedrooms. There are 4 different floor plans with many variations of them all. They are all 3-4 bedroom, 2, 2.5 or 3 bathroom and range from 1285-1817 sq ft.

 

    The homes have a traditional exterior elevation and all have nice vinyl

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“These loans can be the difference between renting and ownership for families across O‘ahu.”  -Honolulu Mayor Kirk Caldwell   Last week Honolulu Mayor Kirk Caldwell announced that qualified low-income and moderate-income families can receive interest free loans for a down payment on home purchases. That day I called the DCS loan branch for more info and here’s what I found out.   The city will loan up to $40,000 to a borrower interest-free over a 20 year period.   But that’s not all!    For every year of owner-occupancy, the borrower will be credited 5% toward their loan balance. After ten years, about 50% of the balance should be paid off by the buyer while the other 50% will be paid off by credits. So only does the buyer get…
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For the 4th year in a row, Tony Kawaguchi and his Aloha Tony team have received the honors of being on this prestigious list of top producing agents in the state of Hawaii. The data is compiled from the MLS (Multiple Listing Service) and there are a few criteria that are considered from this.

1. Only MLS transactions in Hawaii

2. Only residential sales are counted. (no vacant land or commercial)

3. No new home sales are counted. (which is a shame since Realtor's often find homes in new construction developments)

4. Primary listing agents receive full credit, co-listing agents do not receive credit.

5. Both buyers agent and sellers agent are credited for the full sales price amount.

6. If the Realtor represents both seller and buyer,

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