February 2010 
There are 7 blog entries for February 2010.
Case Study for Spiderable IDX
Friday, February 19th, 2010 at 10:44pm. 7291 Views, 6 Comments.
As I mentioned on Geek Estate Blog, I've decided to do a case study to
determine the effects of having a spiderable IDX on my site. Since my
site doesn't have a lot of authority just yet, I've asked Morgan Carey
of Real
Estate Webmasters to show me data from other clients' sites (with
their permission), so I could see how sites with high authority do with
their spiderable IDX.
I had Analytics installed at the same time as my spiderable IDX, so
unfortunately, I can't show you a before/after with mine. I have
however, been given permission by Nashville Real Estate Agent, Gary Ashton to
show his before & after results. Gary's got a high authority, high
ranking site, that's been around for about 4 years. However, he only had
…
Is there a housing shortage coming in 2011?
Tuesday, February 16th, 2010 at 8:13pm. 879 Views, 0 Comments.
At least one guy thinks so, and he's featured in this article in Forbes.
""We need one and a half million houses per year just to keep up with population growth," Wesbury said in an interview with Steve Forbes.
"And then if you throw in, you know, fires and tear-downs and just worn-out properties, we need 1.6 million or more per year. Right now, we’re down to about six and a half, seven months’ inventory whether you look at new homes or existing homes."
"Housing completion numbers also contribute to this dire picture, with December 2009 privately owned housing completions reaching a 768,000 seasonally adjusted annualized rate. That’s down 11.2% from the 865,000 completions in November and down 25.3% from the 1,028,000 completions in…
Upcoming listing - $550k Kalihi Valley
Friday, February 12th, 2010 at 2:25pm. 797 Views, 0 Comments.
This cute old house in Kalihi Valley will be on the market on March 1st. Right now we are painting, fixing things, removing clutter, and redoing the bathrooms a bit. At about 1400 sqft (not all permited) the house is a bargain at $550k. I put the sign up last night and I've already recieved 2 calls this morning.
Offers will be reviewed March 10th or later.
This hous is located just a mile off Likelike hwy on a quiet street. The owners have been in the house since 1958, when it was first built. Since he was a carpenter, he kept the house in very nice condition.
When it is available it will have new paint, new toilets and fixtures, new lights, and best of all, freshly polished wood floors that were protected by a layer of carpet for over 30…
Honolulu Rail - pie in the sky estimates on number of riders
Friday, February 12th, 2010 at 2:19pm. 569 Views, 0 Comments.
How many people are actually going to ride the Rail? The City of Honolulu says that 97,000 people are going to ride it, and that is a pure lie. Even in Houston Tx, where the population is 5 times higher, and the traffic far worse, only 38,000 people ride the rail system.
Will Honolulu succeed in getting approximately 6 times higher percentage of rail riders? Hmmmm.. Take a look at this chart created by Panos Prevedouros, civil engineering professor at UH, and candidate for Honolulu Mayor (hopefully).
The numbers are absolutely clear - the number of estimated riders of the Oahu Rail system is a total fabrication by the current Honolulu City administration. The city should cancel this underfunded, over hyped project which is not going to cut…
Homes are selling with multiple offers, often above asking. Again...
Monday, February 8th, 2010 at 2:38pm. 496 Views, 0 Comments.
Many of my buyers are finding out that they need to act quickly if they want a home that is priced well. Last week a client of mine wanted to view a new listing in Kailua, and we found out that it had 17 offers, above asking. It was sold in 3 days. Then this weekend I viewed a nice house in Ewa Beach, that sold with 2 full price offers within 5 days.
Every Realtor I have spoken to in the last few weeks has said the same thing - that buyers are getting outbid, and sellers are receiving multiple offers, fast.
My tips for securing a home in this market -
Bed Bath & Beyond opening first Hawaii store at Pearlridge
Wednesday, February 3rd, 2010 at 6:57pm. 2948 Views, 1 Comments.
The Advertiser reported today that Bed Bath and Beyond is finally opening in Hawaii. Last year we got our first Target and Victoria's Secret, and my wife and all her friends jumped for joy. It's good news, but for me it's mostly about the jobs and economic benefits of another business on Oahu.
Now all we want is Bath and Body Works. One more reason to live on Oahu.
Oahu real estate rises sharply - both sales and prices
Tuesday, February 2nd, 2010 at 8:38pm. 494 Views, 0 Comments.
Last March I predicted that the bottom of the market had passed, and that 2009 and 2010 would see rising prices and sales. Well, this past month we saw increases in both the median price and sales volume of homes around Oahu, compared with the same month a year ago.
The median price of single family home sales in all of Oahu rose to $597,500 in January, a 10.8 percent increase from $539,500 in January 2009. Did you let that sit for a minute? A 10.8 percent increase in just one year? That is a seriously good market in any economy, especially one of the worst economies of the last 100 years!
On top of that there were 162 homes sold, which is up 32.8 percent from a year earlier. Would you have thought that January 2010 would see such a…
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