Local real estate developer Peter Savio has purchased the Ewa Hotel on Cartwright street on the Diamond Head side of Waikiki for an undisclosed price. It is understood that his plan is to turn the 97 unit hotel into an economy hotel and part student dormitory.
Author Archive for: malia
Entries by Malia L. Meenderman
Wonderful Diamond Head oceanfront condo – Kainalu
This magical oceanfront condominium unit at Kainalu along the Gold Coast of Diamond is truly a gem among the Hawaii real estate landscape. The Gold Coast is located right next to busy Waikiki, but it is quiet and provides a relaxed atmosphere. Being directly on the water means there are no obstructions in the ocean […]
Oahu real estate sales statistics January 2012 – Hawaii
Oahu real estate sales statistics for the month of January 2012. According to the analysis conducted by the Honolulu Hawaii real estate board using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are: Oahu Single-Family Home Resales Hawaii Number of Sales This Month Compared To Median* Sales Price This Month Compared […]
Case-Shiller index shows real estate maybe recovering in the next few months
Nationally the S&P/Case-Shiller index shows that the market may be poised to recover within the next few months. The index which looks at 20 different real estate markets around the country has shown a downward move ending in November. But the index seems to trail the overall economy. Looking at the economic data coming out […]
Great kitchens are what help to sell any property
The kitchen is a gathering point in any home whether here in Hawaii or on the mainland. It where typically the family spend a great deal of time. Guests frequently gravitate towards the kitchen at any gathering, so Buyers what to have a space that can impress. It can set the stage for any home. […]
Adorable cottage in Kailua just minutes from the beach
A new listing in Coconut Grove in Kailua embodies the casual indoor-outdoor living that people in Hawaii love. The homes is small with only 2 bedrooms and 1 bath, but the outside living space is generous. The property is located just blocks from beautiful Kailua Beach and still close enough to Kailua town to walk. […]
Home in the trees high above Honolulu
There is a new property for sale high on Pacific Heights above Honolulu. The cool retreat feels like you are far and away from the hustle and bustle of downtown Honolulu, but unbelievable close. The rather large 2 bedroom, 2 bath home has a flexible floor plan and is surrounded by large mature trees, yet […]
Did you know what you could get in Hawaii for an FHA loan?
Getting a mortgage has not been this easy since the economic melt down! Do you want to put just 3.5% down on a home? Yes, it is possible even if you have a credit score as low as 580 through an FHA loan program. For a purchase price of $793,750 or less, you can get […]
Morgan Stanley: Hawaii retail and tourism strongly improved
Morgan Stanley(MS) published an analyst report on American Assets Trust (AAT) about their investor day last week saying that both retail and tourism in Hawaii has strongly improved. American Assets Trust which owns Waikele (retail), Waikiki Beach Walk (Retail and Hotel) and the Shops at Kalakaua, has really increased revenue in 2011 and are taking […]
Cheaper mortgages for all
President Obama announced a plan that would help all homeowners to refinance their homes and take advantage of these historically low rates. In a bid to help the struggling economy, the Federal Government would step in to not only help those who have a Fannie Mae or Freddie Mac mortgage, but also homeowners who have […]
Pending Home sales fall about 3.5%, up year over year
After reaching a 19-month high, pending home sales eased in December 2011 but stayed above year-ago levels, according to the National Association of Realtors. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined 3.5 percent to 96.6 in December from 100.1 in November but is 5.6 percent above December 2010 when […]
National existing home sales continue to rise
Existing home sales continued to rise in December, rising for three consecutive months and remaining above a year ago, according to the National Association of Realtors®. The latest monthly data shows total existing-home sales1 rose 5.0 percent to a seasonally adjusted annual rate of 4.61 million in December from a downwardly revised 4.39 million in […]
NAR says 31% of purchases in December were all cash
The National Association of Realtors has said that approximately 31% of existing home purchases were conducted in all cash. Although it is wonderful to have all of these investors come back to the market with such confidence, the sales are likely to have a downward pressure on sale prices. Typically cash buyers want a discount […]
Hokua condo selling extremely well lately
In the past 2 weeks, 2 units at the Hokua went under contract and another was recorded as sold and were all listed from $1.88 mil to $2.3mil. These three items likely show an uptick in the desire for the higher end condo market. The Hokua At 1288 Ala Moana Blvd is a beautiful, luxury […]
Adorable 1920’s beach cottage in Lanikai
Loving restored 1920’s beach front cottage on Lanikai. This cute three bedroom, 2 bath home has panoramic views from the Mokulua islands all the way over to Kailua Bay. Listed at $3.5 million, the home would make a wonderful retreat for any family. The land area is nearly 15, square feet and there is 100 […]
Waihonua condominium at Kewalo sales – Honolulu condo news
Waihonua condominium at Kewalo sales have been underway for nearly a month now at the and have been quick. The new Honolulu condominium by Alexander and Baldwin is proving to be yet another successful condominium project for them. With nearly 70% of the units sold, it certainly can be considered a success. The mufti-million dollar […]
December 2011 market statistics for Hawaii
The Honolulu Board of REALTORS® released resale figures today for the month of December. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are: During December, sales of 268 single-family homes and 333 condominiums were reported through the Board’s MLS, a decrease of […]
Honolulu real estate market report November 2011
The Honolulu Board of REALTORS® released resale figures today for the month of November. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are: During November, sales of 251 single-family homes and 333 condominiums were reported through the Board’s MLS, increases of 1.2 […]
October 2011 Honolulu statistical report
The Honolulu Board of REALTORS® released resale figures today for the month of October. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are: During October, sales of 223 single-family homes and 321 condominiums were reported through the Board’s MLS, a decrease of […]
Existing homes sales rise again in November
Existing home sales rose again in November and remain above a year ago, according to the National Association of Realtors. Also released today were periodic benchmark revisions with downward adjustments to sales and inventory data since 2007, led by a decline in for-sale-by-owners. Although rebenchmarking resulted in lower adjustments to several years of home sales […]