Lanikai, the popular enclave in Kailua, at one time commanded a premium over Beachside Kalaheo in Kailua. Both beach frontage neighborhoods, many felt Lanikai seemed more welcoming and prestigious. Therefore the property values in Lanikai were always higher, but the tables have turned recently. Whether it be because Beachside Kalaheo is where President Obama vacations […]
Pending home sales edged down with near-term sales expected to be notably lower in contrast to the spring surge when buyers rushed to take advantage of the home buyer tax credit, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator, declined 2.6 percent to 75.7 based on contracts signed […]
Queen Anne’s Revenge has been docked recently at the He’eia Pier in Kaneohe Bay. The famed vessel is being used for filming of the Pirates of the Caribbean film staring Johnny Depp and Penelope Cruz. The Bay is a stunning location and perfect place for anyone who enjoys boating and sailing. There are some properties […]
Recently two units at the Watermark in Waikiki went quickly under contract before even being listed on the open market. This is a testament to how popular the building has become. There are certain floor plans that seem to be more popular than others. The ‘03’ and ‘02’ stack of units above the 7th floor […]
Existing home sales slowed in June, but were up year over year, according to the National Association of Realtors. With the end of the home buyer tax credit, the existing home sales numbers saw a downward trend from May. Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, fell 5.1 percent […]
The Allure Waikiki is having its grand opening today and offering a 25% discount on 5 units. The condo has had some trouble selling units, but is likely to be approved by Fannie Mae for buying mortgages made on the building, which should help sales. A handful of residents were allowed to move in last […]
Korean air is adding three more flights a week from South Korea as Hawaii becomes an increasingly more popular destination. The direct flights from Incheon International Airport will start on June 12. This will boost Korean Airs air capacity to Hawaii by 780 seats a week This is a big victory for the Hawaii […]
Honolulu, Hawaii has been named as one of the test markets for Nissan’s new electric car, the Leaf. The cars will go on sale early next year and the car will be produced based on demand for the vehicle. The induction of this car represents a continued step forward for the state meet their goal […]
Pending home sales continued on the upswing again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in March, rose 5.3 percent to 102.9 from 97.7 in February, […]
To really make a getaway, buy an entire valley on the windward side of Oahu in Hawaii. A piece of land at the back of Hauula is for sale. It is an entire undeveloped, lush, green valley. This would truly make a wonderful getaway place for someone that really enjoys the true beauty of the […]
In the first three months of this year, the Federal Stimulus package created 2,566 jobs for Hawaii. This number is blow the 3,019 jobs that can be directly attributed to stimulus spending for the last three months of 2009. The vast majority of jobs created are for infrastructure projects. The government has cautioned that employments […]
Honolulu ranked very high on a study on air pollution by the American Lung Association. Honolulu ranked third behind number 1 :Cheyenne, Wyo., and number 2: Santa Fe-Espanola, N.M . The 2010 study looked at certain fine particulate matter over a 24 hour period and took the year’s average.
In Hawaii, still more $1+ mil priced properties go under contract quickly. Quite a few within days of being placed on the market. The market seems to be really moving. Showings are busy and open houses at quality properties are busy. The days on market is sometimes very short. The inventory of available properties is […]
The Sierra club lists Honolulu as the second most clean city in the entire world. The points that really are making the difference for Honolulu, the Sierra club says, is that Honolulu has a light manufacturing industry and that the bus system is so extensive and there are dedicated bus lanes in the city. They […]
The first offering in 2 years for mortgage backed securities for jumbo loans is being offered through a joint venture between Redwood trust and Citigroup. The amount of debt is slightly over $237 million of mortgage. Redwood will hold onto some of the pool and is selling over $222 million of the debt. This pool […]
The newest Kailua Beach front listing is a real tropical oasis. The charming cottage has been designed to take advantage of the relaxing feel of the town of Kailua and the beach lifestyle. This cottage is located on the wonderfully maintained and private road called Kaapuni Drive. The four bedroom house looks over the tropical […]
Just today, there was a multi-million dollar home in Honolulu that went under contract. This is very fast and shows the signs of a possible frenzied real estate buying period in Hawaii. 248 Poipu Drive recently listed for $4.5 in the popular Koko Kai neighborhood of Hawaii Kai has had an accepted contract in 40 […]
Buyers responding to the homebuyer tax credit and favorable affordability conditions boosted existing-home sales in March, marking the beginning of an expected spring surge, according to the National Association of Realtors®. Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 6.8 percent to a seasonally adjusted annual rate of 5.35 […]
A new listing that came on the market recently at a Honolulu condo shows that some properties are clearly over priced. A penthouse at the One Waterfront Tower was listed for $10million. For $10 million, one would expect something truly spectacular after all we are not at the high price levels that one would see […]
Yesterday I wrote about homes that were selling quickly. Well in the last 24 hours 2 more properties have gone under contract very quickly. Things seem to be really heating up in the high-end of the market. 1. 2144 Okoa Street, Honolulu in Waialae Iki. Listed for $1.38 million. 2. 353 Wailupe Circle, Honolulu in […]