Honolulu Real estate 
There are currently 68 blog entries related to this category.
Population growth on Oahu means housing shortage will continue
Monday, February 6th, 2012 at 8:14am. 55 Views, 0 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. 54 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. 364 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…
Oahu real estate market statistics - Prices up in some areas
Wednesday, November 2nd, 2011 at 7:23pm. 530 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. 484 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. 614 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:…
Long term investment: Stocks vs Oahu real estate
Monday, June 13th, 2011 at 8:48pm. 615 Views, 1 Comments.
How did your money do over the last 5 and 10 years? Was housing a terrible investment? Which did better, stocks or real estate?
Well look back to 5 years go and say you had chosen to invest in stocks. If you had $50,000 in (June 2006,) and you had invested in the Dow, you would currently have about $54,870, an increase of 9.7%. 
If you had invested that same $50k 10 years ago in the same Dow stocks, you would have about $54,445, an 8.9% increase. Basically, any money that you had in the stock market over the last 5 years or 10 years is worth less when you include inflation. By the way, I have been calling high inflation for about 2 years now, just following most economists.
Now let's say you had invested in Oahu real estate.
In…
Are super low mortgage rates gone forever
Tuesday, May 3rd, 2011 at 4:27pm. 282 Views, 0 Comments.
The average rate for a 30-year home loan rose above 5 percent this week for the first time since last April — just as Americans are feeling more secure in their jobs and confident about the economy, and just before the big spring home-buying rush.
Freddie Mac said Thursday that the average rate was 5.05 percent, almost a full percentage point higher than in November, when it hit a 40-year low.
Economic signals suggest the recovery is gaining momentum. New claims for jobless benefits came in this week at the lowest in three years, and the unemployment rate has fallen nearly a full percentage point in two months. Americans are spending more and saving less.
The exception is the beleaguered housing market. Record foreclosures have forced home prices down, and…
Top 100 Realtors in Hawaii 2010, and a promotion
Wednesday, April 13th, 2011 at 3:15pm. 989 Views, 4 Comments.
I was honored this week to be named in the Top 100 Realtors in Hawaii (out of about 4000 agents) and will be featured in Hawaii Business Magazine's June Issue. I was #45.
Along with this honor came a promotion to Vice President of Realty Executives Oahu, which is mostly a title only along with some benefits, and I'm very grateful for this as well.
I give all the glory to my God and Father in Heaven for his grace and blessings on me. Thank you Lord.
Deuteronmy 8:18 says, 'You shall remember the LORD your God, for it is he who gives you power to get wealth, that he may confirm his covenant that he swore to your fathers, as it is this day.'
As a farmer prays for rain, I pray for my business and give him thanks for the gracious 'rain' in my…
The Watermark Waikiki - New 29th floor corner unit listed for $1.35 million
Tuesday, February 15th, 2011 at 8:03pm. 1061 Views, 0 Comments.
The Watermark Waikikis one of Oahu's best and newest luxury condos. As I've stated on my Watermark condo page, it is one of the few new buildings that has an actual lanai, and it also has some of the most amazing ocean and coastline views, since it's built in a way that allows ocean views from 2 sides of many of the units.
The best units in the Watermark Waikiki are the high floor corner units - because they are the only ones that have windows on 2 sides to enjoy the ocean views. As you can see from this building layout map below, units 01 and 06 are the best.
Our new listing, unit 2906, is on the Diamond Head side of the building, which means it has beautiful views all day long, including the Hawaiian setting sun. With custom cabinets,…
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