May 12, 2020

Oahu home sales price holding strong

 

According to the latest report released by the Honolulu Board of REALTORS ® on May 6, last month’s (April 2020) median sales price remained steady and even showed a slight uptick compared to last year.

 

The report showed single-home median sales price had risen 5.5 percent to $809,000 compared to $766,650 in April 2019. The median sales price for condominiums also rose 7.4 percent from $418,950 to $450,000 compared to last year at this time.

 

Although COVID-19 has affected the number of listings on the market, Tricia Nekota, president of Honolulu Board of REALTORS ®, remains confident that “once consumers begin to feel some relief from the impacts of the pandemic, it’s likely we will see listing and buying activities slowly increase”.

 

In the meantime, Nekota also added that “despite our low inventory, REALTORS® continue to help serious buyers secure their perfect home.” If you are considering selling your home, now may be a great time as sale prices remain steady and buyer options may be limited.

 

Contact Team Aloha Tony to speak with a trusted real estate advisor today!

 

May 5, 2020

3591 Kumu st Manoa MLS 202001562 Video Walk through

Please watch the video walk through of our beautiful listing at 3591 Kumu st in Manoa.

MLS 202001562 

4 Bedrooms 4 Baths, 2,401 SQFT Living Area 7,500 Square Feet of land, built in 1960

 

May 4, 2020

840 Kakala St #102 Video Walk through

Here is a video walk through of our listing in Kahiku at Mehana, in Kapolei. 840 Kakala st, #102 has 3 bedrooms, 2.5 baths, 1524 square feet interior, and an enclosed yard and garage. 

This town home is immaculately-maintained, most popular "Sunbeam" model boasts the largest living room/dining room/family room area downstairs in Kahiku, with a spacious Master Bedroom upstairs that comfortably fits a Cal-king bedroom set and more!

You will love this beautiful, pet-friendly, family-friendly, everybody-friendly neighborhood, close to Costco, Kapolei Commons, local eateries, and the award-winning Hookele Elementary School.  Kahiku has a pool, parks, and doggie parks - all within walking distance! Featuring upgraded flooring, countertops, appliances, window treatments, and so much more.

Please watch the video here:

 

April 14, 2020

Promising signs of recovery in real estate market

 

As coronavirus restrictions continue to lift in China, the country’s real estate sales

“reached 5,976 on March 31 – an enormous increase from a low of 22 on Feb. 8,

when the country was at the height of the pandemic”, reported an article from

Inman.

 

The article examined a report from Knight Frank, which showed this uptick in

real estate sales across 30 of China’s major cities:

 

 

“The reopening of workplaces between mid-February and early March was

reflected in a substantial recovery in activity across different sectors, the recent

uptick in property transactions suggests this filtered through into buyer

sentiment with a degree of pent-up demand being released”, reported Kate

Everett-Allen of Knight Frank, the Head of International Residential Research.

 

If this is indicative of what will occur in the U.S., then we could expect a

similar bounce back in real estate sales when restrictions are lifted. According

to an article in The Dallas Morning News, Robert Dietz, chief economist with the

National Association of Home Builders, supported this idea. “The housing sector

enters this recession underbuilt rather than overbuilt…that means as the economy

rebounds — which it will at some stage — housing is set to help lead the way out”,

stated Dietz.

 

It is more important than ever to find a real estate expert you trust to help you

make informed decisions. We would love to help walk through any questions or

concerns you may have. Connect with Team Aloha Tony today!

Posted in Market Updates
March 9, 2020

Take Advantage of Low Mortgage Rates

 

On Friday, March 6th, Honolulu Board of Realtors released the monthly housing market update, stating that single-family home sales increased 18.8% from February 2019.

 

“While COVID-19 presents new concerns and uncertainty in the general economy, the impact on our housing market remains to be seen,” said Tricia Nekota, president of the Honolulu Board of Realtors, in a written statement. “However, we anticipate that homebuyers will continue to drive steady activity as they take advantage of historically low interest rates.”

 

 

“Mortgage rates play a significant role in how much home you can afford, and it's important to watch them carefully as a homebuyer.” Freddie Mac reported.

 

Today, the mortgage rate is low at 3.375%With such low rates, now would be the perfect time to connect with a Real Estate expert to discuss how these rates could benefit you.

 

It’s also important to remember that mortgage rates change often so waiting is not always the best option. According to Freddie Mac,“Over the last 45 years, they have ranged from a high of 18.63% (1981) to a low of 3.31% (2012)”.

 

Contact Team Aloha Tony today so you don’t miss out on these low mortgage rates!

 

 

Posted in Market Updates
Feb. 19, 2020

Don’t Miss This Elegant, Fully Renovated Manoa Home

 

 

This luxurious home was recently remodeled this year with updates such as real

hardwood floors, brand new AC systems, updated plumbing and electrical,

a new roof, two upgraded master bedrooms and an immaculate master bath.

 

 

 Listed at $1,998,000, this chic home is the perfect place for hosting all your

family and friends as it offers a classy wet bar and two spacious lanais to

enhance all your social gatherings.

  

 

 

 The ten-foot ceilings and expansive windows flood the living room with natural

light and endless, green mountain views. As an added bonus, these peaceful

mountain views can also be enjoyed from the comfort of the master bedroom.

 

 

 

Exceptional accents throughout the home, such as these gorgeous sliding wood

doors and stylish wood beams, add a modern and unique element that elevate

this already striking home.

 

 

 

This stunning house at 3591 Kumu Street is 2,401 square feet with 4 bedrooms,

4 bathrooms, and a 2-car garage on 7,500 square feet of land. Overall, it is clear

this home is a must-see!

 

 

Contact Team Aloha Tony today for more information!

 

Feb. 12, 2020

Windward O’ahu property crowned “House of the Year”

 

House of Year

 

It’s no surprise that Hawaii is a coveted spot for beautiful houses but now, for the second year in a row, Hawaii is deemed to be home to the best of the best. Readers of The Wall Street Journal recently named a stunning oceanfront property in Lanikai, Kailua as the 2019 “House of the Year”.

 

 

This state-of-the-art home designed by Jim Jennings at 1240 Mokulua Drive, Kailua is listed by Ruthie Kaminskas at Elite Pacific Properties for $21 million. According to the Journal, this single-family home was the second highest priced listing among the 52 candidates for “House of the Year”. 

 

The property includes a four-bedroom, four-bath main house with a four-bedroom guest house, one-bedroom caretaker’s cottage, and offers an incredible view of the Mokulua islands.

 

 

This home is the highest priced listing in Lanikai and one of the highest listings on O’ahu, Pacific Business News reported.

 

If you are interested in learning more about the current listings in Kailua or throughout O’ahu, give Team Aloha Tony a call today!

 

 

 

Posted in Kailua real estate
Nov. 13, 2019

Allure Waikiki, the best value in Waikiki

Waikiki is full of highrise hotels and condos, but most are old, out dated, and small 1 or 2 bedroom units. If you run a search for 3 bedroom condos built after 2000 (which is 20 years ago now), you'll see that there are only a few choices - the Watermark, Trump Tower Waikiki, The Ritz Carlton Residences, and the Allure Waikiki. 

But if you compare prices and square footage of 3 bedroom units built after 2000, it's clear that the Allure Waikiki is the best value per square foot. 

  • Ritz Carlton residences are about 1500 sqft and start at $3million, about $2000 per foot. 
  • The Watermark starts at about $2.4million for about 2200 sqft, just over $1000 per foot. 
  • Trump Tower Waikiki starts at about $5 million for 2000 sqft, about $2500 per foot. 
  • Allure Waikiki can be purchased for about $1.4mil for 1633 sqft, about $857 per foot. 

Built in 2009, the Allure is known as having beautiful resort style amenities, especially in the pool area. 

Here is our listing of Allure unit 2606, in escrow. All Allure Waikiki condos come with a beautiful open kitchen with high end appliances and modern flat face cabinets. 

Here's the living room in our $1.445mil listing of unit 2606, the best stack in the Allure. Unit 6 has the best layout, with 3 bedrooms and a den.  There are no other floor plans like unit 6, only 1 on each floor. 

The Allure also has much lower monthly maintenance fees, at about $1500 per month, compared to over $2600 per month at The Ritz Carlton residences.  

With a great location in the beginning of Waikiki, beautiful grounds, and modern amenities, Allure is truly the best value in Waikiki for large newer condos. 

Posted in waikiki condo
Aug. 23, 2019

3116 Oahu Ave. 1920's Manoa Plantation Home

After months of renovation and redesign, this 1924 Manoa classic is now better than new, combining colonial era design features with modern finishes. 

Listed at $1,999,900, this home is sure to sell quickly, and is easily the nicest home in metro Honolulu under $2million. 

MLS 201919188 

The brand new island style hand rails were built by our amazing project manager Jim Pferschy, who hand crafted the finishes to make sure every detail was perfect. This new front lanai and entry gives the home a much more grand appearance than the original. Jim gave his blood, sweat, and tears to this project for several months! 

Enter the home and the first thing you'll notice is the brand new kitchen, which features an extra wide island with waterfall edges, and room to seat 4-6 bar stools. The style was kept traditional, with some incandescent light bulbs over the island for an old home feel. The farm house sink and shaker style cabinets help give the home a classic look, while the built in microwave drawer, sleek new cook top, and 38" refrigerator add modern conveniences. 

This kitchen is much larger in person than the photos can even display.  And it's wide open to this beautiful living room, which is nearly 30 feet long! 

On the other side of the kitchen, the dining area leads to the huge new covered lanai. Look at the detail in the corner posts of the lanai cover! Jim did an amazing job on those! This is where the family will enjoy holidays and celebrations! 

The lanai leads you out to the large back yard, with over $20k of new landscaping.  This area was a total jungle when it was first purchased.  You couldn't even see half of the yard because it was overgrown with trees and weeds. Now it's  a great place for kids and pets to play. 

Here is the new master bathroom.  Previously, there was only 1 bathroom for all the bedrooms, so a new bathroom was built in the hallway, but this one was made into an en suite for the master bedroom. With 2 large vanities, luxurious new shower, and private toilet, this is the luxury experience you've been wanting in your home. 

And here is the new hall bathroom for the 2 smaller bedrooms.  It's completely new, and carved out of one of the larger bedrooms. 

Here is one of the smaller bedrooms. The windows have a nice view of the beautiful back yard. 

There is so much more to see, so we hope you'll come by the open house on August 25th from 2-5pm.  

The numbers: 3 bedrooms + office, 2.5 baths, 2077 sqft on 10,277 sqft of land. 

 

Posted in hawaii house flip
Jan. 24, 2019

Buying a 100 year old house to flip

I'm currently buying this beautiful Manoa classic home built in 1923. It has really cool old features that you can't find in homes built these days, like flared tails under the eaves, solid hardwood ceilings, and an attic that is over 15 feet tall! 

 

 

Manoa house flip

 

As we began to inspect this 2000 sqft home, we kept finding more and more cool features, many of which will remain in the house even after we renovate it. The most recognizable feature from the street is the green hard carved shutters. We can't figure out what the design is supposed to be, but these are unique and worth saving, though I will move them to another area of the property and use them as decor.  

Manoa real estate

Our plan is to completely gut the house, since almost everything is original. The kitchen, baths, floors, and a lot of the walls will be redone and brought up to modern standards.  I expect this to take about 6 months, mostly because the permitting process in Hawaii is so slow.  

Check out this original old kitchen, complete with board and batten interior walls! 

Manoa kitchen

Posted in hawaii house flip