Aloha Tony's Oahu Real Estate Blog 
Oahu real estate - very thin market with prices up, number of listings and sales down
Monday, April 16th, 2012 at 2:51pm. 328 Views, 0 Comments.
How is the market? 5 people have asked me this question since this morning. Of course it's common for people to ask me this, but right now I sense that many people don't see a clear direction for the market right now.
We can look back and see that since last year prices around Oahu have risen 5% on average for all home sales on Oahu. But where is it going? Everyone wants to know .
(I predicted the bottom of the over 2 years ago, and also predicted the top of the market in 2005.)
First some median price data from the last 12 months.
- Hawaii kai prices are down 9.9% to $819,500
- Kailua prices are up 9.7% to $850,000
- Kaneohe prices are down 1% to $577,500
- Median prices in Mililani are up 19% to $602,500
- Diamond Hear prices are down $40k…
Foreclosures in Hawaii drop in half
Thursday, March 15th, 2012 at 1:37pm. 443 Views, 0 Comments.
Via PBN:
"The number of foreclosure filings in Hawaii dropped in February, with half as many properties in some phase of the foreclosure process as a year ago, according to new data from RealtyTrac RealtyTrac Latest from The Business Journals Follow this company .
There were a total of 473 foreclosure filings — including notices of default, public auctions and bank repossessions — in Hawaii in February, or one for every 1,098 housing units.
That was 27 percent fewer than January and 50 percent fewer than February 2011, Irvine, Calif.-based RealtyTrac said."
Turning the Tide in Hawaii's Real Estate Market
Friday, March 2nd, 2012 at 1:23pm. 845 Views, 1 Comments.
I've been saying for that last 3 years that the market bottomed in early 2009, and that prices would begin to rise soon.
To illustrate that this did occur and that the market turn is now known as fact, I've created this infographic below with numerous statistics that verify the Hawaii Real Estate market has been on the upswing for over 2 years now.
Population growth on Oahu means housing shortage will continue
Monday, February 6th, 2012 at 8:14am. 780 Views, 1 Comments.
People are often shocked when I tell them how strong Oahu real estate has been over the last 10 years. Prices remain very steady and in some areas are up over the last few years, primarily due to the limited inventory of homes for sale.
The U.S. Census showed that Hawaii’s 2010 population calculations show Oahu is growing by 200,000 between 2005 and 2030.
If the population on Oahu grows at roughly 8-percent in the next 20 years, in 2030 the population would be around 1,1 million.
Here is how we've grown in 1980:
1980: 763,000
1990: 836,231
2000: 876,156
2010: 953,207.
At this point, the island is not seeing enough new housing construction to keep up with this demand, which is why rents and home prices are so…
2012 Honolulu Hawaii Military Basic Allowance for Housing (BAH) rates
Sunday, February 5th, 2012 at 8:56pm. 606 Views, 0 Comments.
2012 HAWAII BAH Rates
Basic Allowance for Housing:HONOLULU COUNTY
Grade With Dependents Without Dependents E1-E4 $1860.00 $1461.00 E5 $1899.00 $1701.00 E6 $2487.00 $1866.00 E7 $2637.00 $1977.00 E8 $2802.00 $2100.00 E9 $2979.00 $2235.00 W1 $2490.00 $1869.00 W2 $2703.00 $2028.00 W3 $2907.00 $2238.00 W4 $3006.00 …Honolulu real estate statistics for December 2011 - lowest inventory in 6 years! Prices UP!
Monday, January 9th, 2012 at 8:27am. 779 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. 764 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. 2727 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. 762 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. 759 Views, 0 Comments.
The most recent Allure Price list below. Let me know if you're interested in the Allure Waikiki!
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