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
Oct. 18, 2018

3 Hawaii Luxury Dream Homes On The Market Right Now

Hawaii will always be a sought after destination to live as well as own a vacation home and when it comes to luxury, it's hard to beat it here. These homes don't get sold all too quickly and often are waiting years before the right buyer comes along. Lately there has quite the boom within the luxury market here so I thought we'd take at the inventory and see what really stands out from the pack. 

$30,000,000 USD - 145 Kailuana Loop, Kailua

This gorgeous home is one of the most expensive properties in all of Hawaii and it has it all inside and out. Nearly 15,000 square feet of luxury living space nets you ten bedrooms and eleven bathrooms through this estate. On the overall 60,000 square foot property you'll fin a lagoon, tennis courts, gym, outdoor pool table and a lot of grounds to enjoy any time of year.

View Listing

 

$35,000,000 USD - 1118 Ala Moana Boulevard Honolulu

This is one of the nicest penthouses ever to go on sale in all of Hawaii and this grand residence in Honolulu has some of the best views money can buy in all the country. This penthouse in the Waiea Village boasts six bedrooms and seven bath over 10,000 square feet high in the sky. 

View Listing

 

$17,750,000 USD - 280 Poipu Drive Honolulu

This stunning palatial estate is one of the best ocean view homes for sale on Oahu and properties like this are not often on the market. The living area on this 60,000 square foot lot sections off just over 6,500 square feet of living space which includes six bedrooms, five full bath and two half bath. 

View Listing

Posted in Buzz
Aug. 10, 2018

1199 Bishop St #11

Just Listed! 

The Pinnacle Honolulu - A huge downtown Honolulu condo with over 3000 sqft of total space and 4 parking stalls!

1199 Bishop St, #11. $1,699,888 MLS 201821117

1199 Bishop Street - Unit 11 from Mike Vidales on Vimeo.

Aug. 1, 2018

Share The Same Hawaiian Beach As The Obamas With This Estate

Would you like to own a world class home on a white sandy beach right next to the Obama's vacation home in Hawaii? This oceanfront estate is also just a few houses down from the legendary Magnum PI estate. Waimanalo Beach is one of the most beautiful beaches on Oahu and one of the most famous in all of Hawaii. 

This world famous beach has also been a set on Lost and as well been featured on the Hawaii 5-0 tv show numerous times. This home however has its own bit of beach along with one of the finest beachfront outdoor spaces that is more like a resort than a home. There's good reason why this Waimanalo Beach home is currently a world-famous vacation rental home that has seen royalty and celebrities stay within its walls. 

 

pool Hawaii beach house

Then here is a stunning 9000+ square foot 9 bedroom 7 bath property in East Oahu built for owners with the highest standards. With a resort style pool overlooking an amazing white sand beach, this magnificent property is perfect for entertaining large groups and family

The property sits on one of Oahu's best beaches. White sand and crystal clear water for miles, with a country feel but just a few minutes away from downtown Honolulu. You can feel like you're away from it all here without being too far from the best restaurants, shopping and entertainment. 

 

The wide open kitchen features hand carved wood cabinets, viking appliances, and a wide open ocean view from all of the many bar stools. 

The kitchen nook has one of the best views in the house, and opens to spacious outdoor dining overlooking the pool and beach. It feels like a resort , but with the amenities of a luxurious home.  

 

In this large living and dining room, there are plenty of seats and viewing areas for all of your friends. It has more custom carved wood throughout. 

And how is the view from this room? Just another day in paradise. 

Everyday is beautiful here in Hawaii, so we eat many of our meals outside.  You can see Kailua bay in the background of this picture. 

Downstairs, there is a pool side entertainment area complete with outdoor kitchen, pool table, foosball, and seating for over 20 guests. 

 

And when you're in the pool at night, the house looks amazing. Coming down that water slide or sitting in the hot tub, you can enjoy the night sky and warm air of Hawaii at this world class estate. 

 

 

View Listing: https://www.alohatony.com/search/details/47h/9/

Price: $16,900,000 USD

Beds: 9

Bath: 8

Built: 1991