PKF Hospitality Research out of Atlanta calls for a 7% increase in available rooms for hotels on Oahu in 2010. This would be the first annual increase in RevPAR (Revenue per available room) since 2006. They are also calling for an increased occupancy rate of 2.7%. Furthermore the research groups calls for continued improvement for […]
Vacation-home sales were up in 2009 while investment sales fell sharply, according to the National Association of Realtors®. NAR’s 2010 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2009, shows vacation-home sales rose 7.9 percent to 553,000 last year from 513,000 in 2008, while investment-home sales fell 15.9 percent to 940,000 […]
Honolulu’s most luxurious condominium. The Hokua has it all. This residence has spectacular ocean views over Ala Moana Beach Park and out towards Waikiki and Diamond Head. The 3 bedroom, 2 1/2 bath penthouse is spacious with an open floor plan that includes both a living room and dining room. The kitchen has beautiful, top […]
Existing-home sales were mixed in February, with modest gains in the Northeast and Midwest offset by softer sales in the South and West, according to the National Association of Realtors®. Existing-home sales 1, which are finalized transactions that include single-family, townhomes, condominiums and co-ops, slipped 0.6 percent nationally to a seasonally adjusted annual rate of […]
Pending home sales are down and additional declines are expected from abnormal weather conditions, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in January, fell 7.6 percent to 90.4 from an upwardly revised 97.8 in December but remains 12.3 percent higher than January 2009 […]
Oahu’s residential real estate market continue to enjoy strong sales during February 2010, according to resale housing statistics released 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: February 2010 Residential Resales Statistics for OahuSingle Family […]
Oahu’s residential real estate market continues to enjoy strong sales during February, 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: February 2010 Residential Resales Statistics for OahuSingle Family Home […]
Hawaii topped the list as the happiest state in the country to live according to the Gallup-Healthways Well-Being Index poll for 2009. The poll collected data from some 350,000 people across the country to arrive at a well being score for each state. The well-being score for each state is an average of six sub-categories, […]
The Honolulu Board of REALTORS® released hawaii real estate housing resale figures today for the month of January 2010. According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are: January 2010 Residential Resales Statistics for OahuSingle Family Home Resales Number of Sales This […]
Pending home sales have stabilized from a market swing driven by 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 December, increased 1.0 percent to 96.6 from 95.6 in November, and remains 10.9 percent above December 2008 […]
Volunteers are needed to count our humpback whales. The Hawaiian Islands Humpback Whale National Marine Sanctuary will use these volunteers to count whales from various shoreline locations on O’ahu, Kaua’i and the Big Island this Saturday, and on Feb. 27 and March 27. All counts are to be in the morning hours beginning at 8am. […]
Credit Suisse says that despite the slow down in the existing home sales numbers released by the National Association of Realtors this past Monday, to expect a ramp up in sales to come as early as February. In part, this comes because of the urgency of the tax credit and that mortgage rates remain low […]
The National Association of Realtors® has joined forces with the National Community Stabilization Trust to help rebuild American communities devastated by the foreclosure crisis. The collaboration will bring Realtors and the more than 1,400 state and local Realtor® associations into a side-by-side relationship with leading national nonprofits, as well as with state and local leaders, […]
After a rising surge from September through November, existing-home sales fell as expected in December after first-time buyers rushed to complete sales before the original November deadline for the tax credit. However, prices rose from December 2008 and annual sales improved in 2009, according to the National Association of Realtors®. Existing-home sales – including single-family, […]
Castle and Cook’s new planned development called Koa Ridge had its first public hearing. The development is proposed to be a master-planned community with 5,000 homes, a 28-acre medical campus, 150-room hotel, parks, two elementary schools, and nearly 500,000 square feet of commercial space for retail, offices and light industrial businesses. Koa Ridge is planned […]
Hawaii’s first Disney resort, currently under construction at Ko Olina on Oahu, finally has a name: Aulani, a Disney Resort & Spa. Construction for the 360 room resort and 481 two-bedroom equivalent Disney Vacation Club villas is on going and expected to be completed in the fall of 2011. The resort is estimated to cost […]
Cher’s home at the Hualalai Resort on the island of Hawaii sold this week for $8.7 million. This is on the heels of a $26 million sale earlier at the Hualalai resort. Cher’s home was designed by herself and was projected to sell between $8 and $12 million by an auction house handling the sale. […]
The next installment of the Pirates of the Caribbean, starring Johnny Depp, will be filmed on Kauai and Oahu. This reportedly bring $85 million in direct and indirect spending into the state. The filming will take place this Summer and there is talk that pot production work will in part be done in Honolulu. All […]
Analyzing the end of year data of the housing statistics for Oahu, I have noticed a continued month over month decline of housing inventory. There are several key data points that I look at to find stabilization in the overall housing market. Of course, price is one of them. Our median single-family home sales price […]
This morning, home builder Lennar Corporation, which builds homes in Florida, Maryland, New Jersey, Virginia, Arizona, Colorado, Texas, California, Nevada, Illinois, Minnesota, New York, North Carolina, and South Carolina announced their latest quarter earnings. Even though they do not build homes in Hawaii, their earnings gives insight into what is happening in the housing market […]