Oahu real estate statistics for the month of January 2011. According to the analysis conducted by the Honolulu real estate board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are: Oahu Single-Family Home Resales Number of Sales This Month Compared To Median* Sales Price This Month Compared To January 2011 […]
The Hawaiian economy is rebounding faster than expected. This is in large part to the better than expected numbers in the tourism industry. The Department of Business, Economic Development and Tourism increased their forecasts for the tourism numbers. They originally projected a 7.02% increase in visitor arrivals for 2010 compared with 2009, but now have […]
The Waikiki Landmark is one of Honolulu’s most luxurious condominiums. This striking double tower of glass is truly a recognizable landmark in Waikiki. A new listing on the penthouse levels is so so well priced it may not last long. Penthouse unit 3703 is located on the bridge that connects the two towers at the […]
Southwest Airlines is looking to possibly add a route to Hawaii, the Hawaii Tourism authority was pleased to announced. The airline is considering adding Boeing 737-800s to its fleet which would allow them to expand service beyond the mid-west to destinations which may include Hawaii. Although Southwest is considered a low cost airline, it is […]
Credit Suisse analysts recently commented on the situation with tourism in Hawaii and Hyatt: While travel and tourism to Hawaii were hard hit during the downturn, we believe trendshave recovered considerably in recent periods and this point of the cycle represents anattractive opportunity for Hyatt to increase its penetration into the market…..We note that Hawaii […]
, ho a 290 unit hotel under the Andaz lifestyles branded hotel. According to Credit Suisse, this represents ..“it represents an investment in a project that could have significant return potential in a high barrier to entry market long-term” There has been significant investments being made in Hawaii as hotels change hands and investment firms […]
Once again, Hawaii has seen the state’s unemployment rate fall by .1% to 6.3%. In September there were approximately 40,200 out of work. This rate is well below the national average of 9.6%.
As General Growth nears its exit from bankruptcy, the plan has emerged to spin off some of the more riskier assets to its subsidiary Howard Hughes Corporation. The exit plan calls for Ala Moana Center to remain in General Growths hands, but the rights to build a new condominium tower next to Nordstroms along with […]
Properties that are priced well continue to go fast. There is a strong demand for housing in certain neighborhoods in certain price ranges. Take for example two properties that have gone under contract recently. The first in the neighborhood known as Beachside which fronts along Kailua Beach. It has been a huge challenge to find […]
Blackrock an asset management firm has purchased 5% of the outstanding shares in Hawaiian Electric Industries according to filings with the Securities and Exchange Commission. Blackrock now controls 4.6 million shares and is valued at $102.6 million as of close of trading on Friday
The Hawaii hotel occupancy was up 6.3% to 75.7% over August last year for the entire state. Also the average daily room rate climbed 1.8% to $181.49. Oahu hotel occupancy once again lead the state at 83.7% and Maui had the highest room rate $238.07. August completes a busy and improving picture for tourism in […]
The city of Honolulu is giving Kamehameha Schools until Thursday to decide if they have interest in acquiring 6 parcels of land on the mauka side of Kamehameha Highway in Haleiwa next to Jameson’s Restaurant. Kamehameha Schools had given the properties to the City for a possible park. Now that there is interest in those […]
Pending home sales have increased for the second consecutive month, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator, rose 4.3 percent to 82.3 based on contracts signed in August from a downwardly revised 78.9 in July, but is 20.1 percent below August 2009 when it was 103.0. The […]
There is a tremendous amount of optimism towards the Hawaii tourism industry as visitor arrivals are up nearly 12% year over year. This is all the second month in a row where all measured components of the tourism industry for Hawaii are up. For the month of August there were 680,496 people arriving which was […]
r paid cash for the 1.5 acre Kahala beachfront property. This is the first time since 1930 that the property has sold. The home has host such dignitaries as Mr and Mrs. G.W. Bush and Jacqueline Onassis and others. Currently we are seeing historically low prices for many choice properties across our islands. If you […]
The Queen Emma Building has sold and the new owner will renovate the ‘pimple building’ and convert it to senior housing. The building often described as the ugliest building in Honolulu will get a $18 million facelift by new owner Queen Emma Regency LLC, which is headed by Greg Hatcher, a resident of Maui and […]
Existing home sales rose in August after a big correction in July, according to the National Association of Realtors®. Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 7.6 percent to a seasonally adjusted annual rate of 4.13 million in August from an upwardly revised 3.84 million in July, but […]
For the week ending September 15th, Hawaii’s first time unemployment claims fell by 20% according to data released by the Department of Business, Economic Development and Tourism. Maui had the biggest fall at 39.1% compared with last year. Followed by Oahu at a 21% decline. Statewide there were a total of 1,903 claims filed and […]
According to Smith Travel Research and Hospitality Advisers, Hawaii’s hotel occupancy increased 6.3% for the same week last year. For the week ending September 11th, the occupancy ratio stood at 71.7% up from 65.4% last year. Hawaii came in ahead again of the national averaged of 54.2%. Although occupancy rates were up on all of […]
Alexander & Baldwin has filed a petition to the state to reclassify approximately 545 acres on Maui from agriculture to urban to build 2,550 new homes on Maui. The petition was filed with the Hawaii State Land Use Commission to reclassify land in Wailuku and Waikapu for their new development called the Waiale Community project. […]