July 2010

Found 7 blog entries for July 2010.

This is not a normal blog post.  This is a rant. 

 I just did a simple search of all available homes in Hawaii Kai under $950,000 with no other criteria.  There are only 24.  Most are in need of a total renovation.  This is insane.  If you are reading this and you own a home in Hawaii Kai, please SELL IT NOW!  

I have a buyer for you if it's under $1.1 million.  I'm serious.  PLEASE!  

I just need a nice condition home over 1600ft anywhere in Hawaii Kai.  Anyone!?

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#10 –  $18 Million Mountain Top Estate

Our first mind boggling luxury Hawaii Home is this 2.35 acre mountaintop estate on Oahu with a total roofed area of over 17,000 sq ft.  This is like owning your own five star resort with 360 degree ocean and mountain views.  Sweeping views of Diamond Head and the ocean beyond, this property sits at an elevation of approximately 1,350 feet above sea level. 

 hawaii_loa_640

 

It’s the highest residentially-zoned point of land in southeastern Oahu - with panoramic views to Molokai, Lanai, and Maui.  On a clear day you can even see the snow-capped summit of Mauna Kea on the Big Island from this room, which feels kind of like the bridge of a ship.  Amenities include two swimming pools with waterfalls,

85,496 Views, 5 Comments

This beautiful house at the top of Kamehame ridge (just below Na Pali Haweo) is now under contract, after just a few days on the market.  There wer 2 offers immediately, both well above the original asking price of $949k, so the seller decided to raise the price to $989k after just 2 days on market. kamehame ridge homes

This house has a great ocean view from the master bedroom and from the massive grassy back yard.  With over 2300sqft and 4 bedrooms, it's got plenty of space, and room for a pool in the future. 

The kitchen has granite and new appliances, and the house has just recently been renovated with over $50k of upgrades. 

 

 

 

 

kame_400 Just take a look at the amount of grass behind this house.  If you could turn it around, you would see the Ocean over looking

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honolulu_400_01According to an article in USA Today, a massive new study by Gallup-Healthways Well-Being Index of Americans' attitudes shows that Honolulu is America's Third Happiest City.

The Gallup-Healthways Index did interviews with more than 353,000 Americans during 2009, asking them to assess their jobs, finances, physical health, emotional state of mind and communities.

"Residents of large cities — those with a population of 1 million or more — generally report higher levels of well-being and more optimism about the future than those in small or medium-sized cities. In small cities, at 250,000 or less, people are more likely to feel safe walking alone at night and have enough money for housing."

Nine of the 10 cities that fare best on "life evaluation,"

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The June housing sales numbers are out, and they look good!

Oahu single-family home sales were up by 8.4 percent in June, from 263 to 285, and the median price was also up, to $575,000 from $570,000.

Oahu Condo sales saw the most dramatic jump up, 38 percent higher than last June, at 396 sales, although the median price was 3.2 percent lower, at $300,000.

Sales in June sold faster than last year, with the average home selling in just 32 days, down from 48!  Condos sold in 31 days, down from 47.

The trend is continuing - mainly led be very low inventory and low interest rates. I've seen some sellers get more than 10% above their asking price! 

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queensgate_640Yesterday I showed this beautiful house in Queens gate that is listed for $925,000.  With 4 bedrooms, a pool, and a huge master bathroom, it had everything the buyers were looking for. 

We had a nice discussion about buying a house right now.  I thought there were some great insights, which leads me to pose a question:

If you aren't buying right now, WHAT EXACTLY ARE YOU WAITING FOR?

  • Lower interest rates? 
  • A housing bubble?
  • A massive economic collapse? 
  • 10% unemployment?
  • Home prices to fall 20% ? 
  • Inflation?  (prices of houses go up too, you know)  
  • Global financial chaos?
  • Dozens of bank failures?
  • Government takeover of Fannie Mae?

ALL OF THAT ALREADY HAPPENED! 

We literally just endured the biggest financial collapse in

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chart_metro_areas_534The MetroMonitor report examined indicators through the first quarter of 2010 in the areas of employment, unemployment, output, home prices, and foreclosure rates for the nation’s 100 largest metropolitan areas.

It finds that:  The metropolitan areas that have had the most consistent job growth over the past year are Augusta, Austin, Charleston, Chattanooga, Dallas, Honolulu, Jackson, and Raleigh.

Thirty-two metropolitan areas had recovered their pre-recession levels of output in the fourth quarter, including Honolulu, which had continuous output growth since at least the second quarter of 2009. Most of these metropolitan areas are state capitals or other government or military centers.

Housing markets remained weak, with house prices lower in the

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