The high-end market in Hawaii seems to be selling fast. There are several $1+million homes that have gone under contract soon after being listed showing that buyer demand is likely increasing. For example, just over the weekend 2 properties went under contract in under 11 days. The two properties were: 1. 505 Maono Loop, Honolulu […]
Moody’s Investor service came out with their study about the status of commercial real estate in the United States and Honolulu came out on top with the strongest market followed by Orange County, CA. The weakest was Phoenix, AZ and Detroit. In addition, full service and limited service hotels showed improved market conditions in the […]
The National Association of Home Builders Association (NAHB) Is seeing an uptick in traffic as buyers come in to take advantage of the home buyer tax credit. Today’s data from NAHB tracks the confidence level of the home builders. The confidence number came in at 19, which is the highest rating since Septemeberr. Home buyers […]
There are only a limited number of homes on Lanikai beach in Kailua. Many properties lost their beach in the 1990s and although it is beginning to return, the beach is still limited and therefore very prized. At the end of one stretch of sandy beach is 1226 Mokulua Drive. At high tide, you can […]
Properties along Kailua beach in the neighborhood known as ‘Beachside’ have really been selling lately. Currently, there are no properties that are on the market under $2million. This is very unusual and shows that this popular area has very strong demand. The last property under $2 million was 425 Dune Circle and listed for $1.599 […]
Insure.com published a research report ranking each state as to how expensive their auto insurance was and Hawaii came out as having relatively low insurance premiums. Hawaii ranked #36 on the list out of all 50 states and the District of Columbia. The study found that it was in the influence of state and other […]
Yes, it is true, the Trump Tower at Waikiki condo units are selling. Because the sales of these units happened right before the entire global economy took a downturn, it seemed they were a symbol of the excess. However, there is a uniqueness there that really can not be found in Waikiki. It is a […]
Recently a list of the top 10 most romantic homes on the market was published. The winner is Milton Ray’s residence in San Francisco. It is an Italian Renaissance style 1927 mansion. The home was built up quite high on the property to take advantage of the lovely views of the city and bay. You […]
The Manhattan luxury market is rebounding. New York, being a world city, is an area to watch when looking for what high-end buyers are doing. The sales in Manhattan’s luxury market have increased, compared with the beginning of 2009. The number of transactions in Manhattan’s luxury market was up a staggering 93.7% in the first […]
This beautiful property along Kailua beach has been actually marketed for quite sometime, but this new estate was only completed recently. It is an exquisitely designed and built property that offers the utmost privacy. The design is both casual and elegant. It is truly a work of art and a joy to be in. The […]
Median sales prices and the number of sales in the Oahu residential real estate market were both up in March, according to resale figures released today by the Honolulu Board of REALTORS®. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are: Single-Family […]
The ultra low mortgage rates we have been seeing may be coming to a close. The 30-year mortgage rate has risen from an average of 5% to 5.3% in the past week. The bond market has been rising and causing the shift. In turn, there has been a significant drop in refinance applications according to […]
According the U.S. Bureau of Labor the unemployment rate dropped from 6% in January to 5.6% in February. That is only slightly worse than the February 2009 number of 5.3%. The statistics also showed there were 25,100 people our of work in Hawaii in the month of February. This is far below the national average […]
The Honolulu Board of Realtors monthly statistics were released today and the Kailua market sees continued improvement. The median sales price for the area, including Waimanalo, has increased 22.8% year over year. The current median sales price for Kailua is $859,500. The average days on market slid 42.5% to a short 65 days, while the inventory […]
The Honolulu Board has published the monthly statistics and there are some interesting takeaways from the single-family homes monthly indicator report. We are seeing a year over year growth in median sales price. It is a small 4.2% gain, but taken along with other indicators we could be headed toward continued increases in prices. The […]
Campbell’s Survey, the national monthly survey of real estate professional, had some interesting comments from around the country on the state of the real estate market. First a little national bad news. The inventory of distressed properties is likely growing. There was a real significant push late last year to encourage loan modifications which seemed […]
The number of single-family homes sold on the Big Island is up 40% since last year and the number of condominiums sold has nearly doubled. Hawaii Information Service which tracks the multiple listing service data there also announced that the median sales price for single-family homes has declined from $320,000 in March 2009 to $305,000 […]
Credit Suisse published an analyst’s report on the National Association of Realtors Pending Homes sales index numbers for February 2010. The 8% rise was higher than anticipated. Some of the comments in the report are as follows: This is a pleasant surprise, as the increase is contrary to the weakness NAR’s own commentary about weather-related […]
Pending home sales showed healthy gains in February, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in February, rose 8.2 percent to 97.6 from a downwardly revised 90.2 […]
According to the Times out of UK, tourists from China are starting to buy up property in Japan. Buyers primarily from Shenzen, Hong Kong, and Dalian provinces in China are used to traveling to Japan, but now while on vacation it is common for them to find an estate agent to help them purchase property […]