Hawaii real estate advice

Hawaii real estate advice

Found 31 blog entries about Hawaii real estate advice.

     One of the most common phrases a Realtor in Hawaii will hear is ”back on the mainland” or “back in Seattle” or back in (fill in your city), followed with, ”my home was so much bigger” or “brand new” or “I had this much land!” These statements always end with the inevitable disbelief of how much a single family home will cost in Hawaii specifically on the island of Oahu. Not only how much they cost, but what you get for your money.

     The island of Oahu has a land mass of approximately 600 square miles. With over 950,000 people occupying the space, and so many people looking to stake a claim in an area this size, it is no wonder that many homes in highly sought after neighborhoods have soared to over to well over $600.00 per square foot.

   

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     As I'm looking at the statistics that just came out from the Honolulu Board of Realtors, I'm laughing! Mainly because at the beginning of the year I actually thought that maybe the market may start to slow down in 2016 (see my article from March 2016 below in the blogs)... Boy, was I wrong!

      Not only did our market continue to soar in 2016, but December was the 2nd highest month for # of sales. December is usually a bit slower as expected with the Holiday's.

 

     The median home price for Oahu went up from $700K to $735K. And the median condo price went up from $360K to $390K respectively. The Honolulu Board of Realtors calls this "stable". The average days on market for both SFH and condo's went down (that's a good thing) to 18

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     As most of you know, Pantone, Benjamin Moore and Sherwin Williams each year, pick a "Color of the year" that influences trends for interior design and fashion. Following these color trends can be very risky if you plan on selling your home within the year... This year Pantone has picked a color called "Greenery." Its a very vibrant, yet not neon green. I might even call it Spring Green. It's pretty in small doses (pillows, throw blankets, or other decor), a wall of this color may be a bit overpowering though, and only appeal to a small number of buyers

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     Benjamin Moore has picked "Shadow 2117-30" as their color of the year for 2017. It's a VERY dark navy blue with some shades of purple in it. It's a beautiful color for a dress, a men's

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        Artist Rendering for new development on Kapiolani 

       A Los Angeles based development company (Salem Partners) recently filed a sewer connection application for the "Heald College Plaza Development" block of 1470, 1488, and 1500 Kapiolani Blvd. to build a 500 unit, high rise condo-hotel building which would be just adjacent to Walgreen's and across from Ala Moana Center.

      The building, once completed will consist of 301 studio, 122 one bedroom, 71 two bedroom, and 6 three bedroom units.

      They will be using locally based engineering and planning firms and also have other building in the works near the convention center.

      As soon as I have more information about purchase price and pre-sales, I'll add it to this blog.

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      It seems that prices are still continuing to rise in the residential housing market here. As we begin to come upon the "busy season" of sales, there are some interesting trends to note as we compare last years statistics to this years.

    The median home price for single family homes has risen again to $725,000 from last years $700,000. That's a 3.6% rise. Last year at this time the median home price had risen 7.2% from the previous year....could we finally be slowing down? The end of the year statistics will show us a better picture, so stay tuned for that in the months to come.

    The median home price for condo/townhome's also rose to $385,000 from $380,000, respectively. That's only a 1.3% increase from last year, compared to the rise of

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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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    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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