Aloha Tony's Oahu Real Estate Blog 
Honolulu real estate statistics for December 2011 - lowest inventory in 6 years! Prices UP!
Monday, January 9th, 2012 at 8:27am. 298 Views, 0 Comments.
At the end of December, there were 1,230 homes for sale on Oahu. That is the lowest number of listings since early 2005! That represents only 4.8 months of inventory! (Traditionally a buyer's market has more than 6 months of inventory.)
Days on Market - single family home sales closed in an average of 35 days, down from 38 a year ago. Condominiums closed in an average of 52 days, up from 43 a year ago.
The average listing received 94.8% of their asking price. And in the most desirable neighborhoods, listings sold for an average of 98% of their asking prices.
December's single family median sale price of $605k in Honolulu was the highest it has been all year, and the higest month since Spring 2010. Prices are up $50k from 2 years…
SOLD - Beach Front Hawaii Kai, 435 Portlock Road, $3.15million
Friday, December 2nd, 2011 at 9:22am. 455 Views, 3 Comments.
Sold this morning for $3.15million, this classic Hawaii Kai beach front home in Portlock is the new retirement home of my clients. With 3 bedrooms, 2 baths, and a 1bedroom 1bath separate cottage, this property has the most important thing in real estate: location. It sits on the ocean in quiet Portlock, with an amazing view of Diamond head, Moanalua Bay, and the Pacific Ocean. It's also a short paddle out to some fun surf.
Check out the amazing view! You can see the surf spot called Seconds right there. That is Diamond Head in the distance. Congrats to my clients on their beautiful new home!
How to Price My Home Right
Thursday, November 17th, 2011 at 9:15am. 771 Views, 2 Comments.
When it comes to putting a house on the market, determining
the right asking price is one of the most important decisions you can make.
Whether selling Hawaii real estate, Maryland luxury
homes or just about anything else, setting the right price for your
home will help you attract more potential buyers and will also help you get
your home sold more quickly and at a reasonable price. With the help of a
qualified and experienced real estate agent, you should have no problem setting
the right price for your home.
When determining an appropriate asking price for a property, real estate agents take several things into consideration. Some of these include:
- Comparable listings and sales
- Sold comps
- Withdrawn and…
Oahu real estate market statistics - Prices up in some areas
Wednesday, November 2nd, 2011 at 7:23pm. 508 Views, 1 Comments.
While real estate in most of the country is suffering, Oahu real estate remains strong, with low inventory and many sales. While the number of sales has dropped since last year, so has the overall inventory. The number of homes for sale on Oahu has dropped 19.3% since last year, from 2,311 down to 1,866. That is only a 5.5 months supply.
A very interesting comparison is to view the sales by region. Below I list the total sales and median prices in each region, with a comparison of last year to this year. It's listed in order from highest increase in prices to highest decrease in prices (far right column).
As you might expect, the higher priced areas like Hawaii Kai, Diamond Head, and Kailua rose most in price, while the lowest priced…
New price list at Allure Waikiki
Tuesday, October 25th, 2011 at 9:10am. 465 Views, 0 Comments.
The most recent Allure Price list below. Let me know if you're interested in the Allure Waikiki!
New Bill would give US Visas to internationals who buy homes. Hawaii prices will rise 20%.
Thursday, October 20th, 2011 at 6:56am. 597 Views, 2 Comments.
The WSJ reported today that Senators Churck Schumer (D., N.Y.) and Mike Lee (R., Utah) are preparing to introduce a bill today that would give residence visas to foreigners who spend at least $500,000 in cash to buy houses in the U.S. These purchases can have a loan attached, but the buyer has to have at least the $500k as a down payment.
That basically covers every property on Oahu. Almost any condo or home is over that price. Just 2 months ago, a Swedish client of mine was planning to buy property, but couldn't figure out a way to get residence in the US so that he could live in his $1mil+ home.
There is already a visa programs that allow foreigners to enter the U.S. if they invest $500k in a new business that creates jobs.
From the WSJ:…
Koko Isle Marina front town homes have been refreshed, repainted. (video)
Wednesday, September 7th, 2011 at 9:43am. 765 Views, 0 Comments.
I visited Koko Isle yesterday with a client to view a nice 2 bedroom marina front unit that is listed for $649,000.
The first thing I noticed is that the entire complex has been freshly painted, and the place looks great again. For about the last 10 years, Koko Isle has been a little bit drab, with chipped paint and fading colors that looked a lot like US Army barracks. But check out how nice it looks now with some new colors and refinished fencing.
With the nice new facelift, these marina front units are ready to compete with Kuapa Isle, which has been a much nicer complex for several years. Each Koko Isle unit that is on the water has (or can have) it's own private dock, which will accomodate a boat as wide as the unit itself, usually…
Ilikai Hotel condos - Renovation looks great
Tuesday, August 2nd, 2011 at 12:22pm. 1118 Views, 3 Comments.
The Ilikai Hotel is one of Waikiki's most famous hotels. In 1964, the Ilikai Hotel & Suites in Honolulu was built to be Hawaii’s finest high-rise hotel, but over the years, it was neglected and became a run down heap of bankruptcy.
Not anymore.
The Ilikai has been renovated and is now a beautiful hotel again. The entire lobby and grounds were redone with modern finishes, and now it shines.
I took this video (with my phone) just to show the new look of the lobby and grounds. Sorry about the shakiness of the video.
Right now you can buy a nice ocean view 2 bedroom unit for about $750,000. The rents in this building run about $1500 a week, and the management company takes 15%. Most units are booked quite solidly throughout the…
Allure Waikiki condos - renovation update, price sheet
Friday, July 29th, 2011 at 5:53pm. 1130 Views, 0 Comments.
Though the building is only 1 year old, The Allure Waikiki has contracted Jon Staub of Philpotts Interiors to enhance the design of the lobby and pool area at the Allure Waikiki in an effort to sell more units.
The modifications are (updated) completed now, and here are the artist renderings of how they will look is a video I took of the grounds yesterday at an open house they had for Realtors.
There are still many units available, up to about 1633 square feet with 3 bedrooms, 2 baths.
The current price sheet as of November 2011 is below. Contact me for more info using the Contact button at the top of the page. 
The Best Repairs to Sell Your Home Faster
Friday, July 8th, 2011 at 2:27pm. 1440 Views, 2 Comments.
Getting a home sold is rarely a simple task. This is particularly true when in the midst of a buyer’s market, such as the one we are experiencing right now. When the market is saturated with relatively low-cost homes for sale, it is more important than ever to find ways to make a home stand out.
Making a few simple and inexpensive repairs can significantly improve a home owner's chances of getting their home sold quickly. Whether you're selling in Hawaii or Downtown Austin, it's a good idea to check with a local Realtor regarding the most sought after styles and colors within your region.
Repair Floors as Needed
Making repairs to the floors in your home doesn't require tearing everything up and starting over again. Just make sure all the carpeting, tile…
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