Monday, December 22, 2008
Monday, August 25, 2008
Tuesday, June 17, 2008
Median list prices were considerably higher: $1,269,700 for the first quarter of this year, and $1,314,200 for the 4th quarter.
In May, 2008, 18 homes sold in Hawaii Kai, with a price range from $630,000 to $2,100.000. Averages for sold homes were 2,076 square feet, 4 bedrooms/3 baths, 96% list:sales price, and 93 days on market.
Our 2008 sales year so far in Hawaii Kai has been very robust, with 71 sales. Averages were 2,305 sq ft, 4 bedrooms/3 baths/96% list:sale price, and 84 days on market. Prices ranged from $551,000 for a home in Kalama Vally to $6,400,000 for a home in Koko Kai.
I specialize in Hawaii Kai, have lived here, and helped buyers and sellers of real estate in Hawaii Kai for more than 20 years. Contact me for full market statistics.
Wednesday, June 11, 2008
Tuesday, June 3, 2008
Statistics for East Oahu are slightly different. Sales volume of fee simple condos for East Oahu declined 16.9% in number of sales, from 148 to 123; median sales price increased 4.3% from $517,500 to $540,000; average sales price increased 13.4%, from $586,617 to $665,126.
Sales of leasehold units in East Oahu weren't quite as robust. 15 sales closed in May compared to 16 last year, for an average median sales price of $475,000 - down from $528,500 last year, and an average sales price of $502,605, up from $500,878 in 2007.
So, while numbers of sales have decreased in 2008 compared to the same period last year, prices are still modestly increasing in East Oahu, and holding steady in Hawaii Kai.
Inventory is increasing this year - in May, 107 condos were active in Hawaii Kai, vs. 95 in April, and 74 in May, 2007. East Oahu as a whole has 7.2 months of inventory available, against 3.1 months last year.
Current real estate listings for Hawaii Kai, as of June 1, range from $409,000 for a 1-bedroom unit in the Esplanade, to $1,675,000 for a 3-bedroom home in Kalele Kai. I'm familiar with all of the Hawaii Kai condo complexes, their amenities, and management, and can help you make a sound investment decision on Hawaii Kai property.
Visit my Hawaii Kai real estate market analysis page on my web site for full details: http://www.movetohawaiikai.com/Hawaii_Kai_Market_News/page_1893904.html
The Honolulu Board of Realtors issues very complete statistics for monthly sales on Oahu. The statistics provided here are courtesy of HBR. Contact me for a free copy:
Barbara Abe, Realtor for Hawaii Kai
Saturday, May 24, 2008
Thursday, May 15, 2008
Wednesday, May 7, 2008
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Barbara Abe REALTOR
Sunday, May 4, 2008
View from the most expensive home on the market currently, in the Portlock area of Hawaii Kai, looking toward Maunalua Bay.
Boat slip at the most expensive Hawaii Kai condo currently on the market, the Kalele Kai complex, looking southwest to the ocean.
Here are the real estate sales statistics for Hawaii Kai for April, 2008 compared to last year:
For details on actives, sales, and escrows, broken down by price, visit my web page on the Hawaii Kai real estate market: http://www.movetohawaiikai.com/Hawaii_Kai_Market_News/page_1893904.html
The Honolulu Board of Realtors releases very comprehensive sales statistics for the entire island of Oahu monthly. Please contact me for a copy.
Barbara Abe, REALTOR
Friday, April 18, 2008
- Hawaii prices are too high
- the market hasn't bottomed
- financing options are fewer
- a recession may be coming
While we don't have the gloom and doom reports for real estate on Oahu that so many markets hear on the mainland, buyers can't shake off the constant news reports of hard economic times.
We are so lucky here to have a somewhat isolated economy. Our prices are certainly affected by transportation and supply from the mainland, but real estate prices don't always follow their trends. Now, for instance, many cash buyers from around the world - Malaysia to England - are investing in Hawaii real estate, because the dollar is so weak worldwide.
In most countries, even against the Euro and Canadian dollar, an investment in U.S. currency seems very attractive.
So if you are from Maine or Nebraska, I certainly understand your concern. But if you are using foreign currencies, email or call for information on some great buys in our Islands. Remember, they can't make any more Hawaii waterfront property - the demand will always be there because the supply is limited.Aloha,
Wednesday, April 2, 2008
Yes, the airline was an important asset to interisland transportation - and in recent years, to the mainland - for 61 years. But this is not the first time an air carrier has gone out of business in Hawaii. In recent memory, MidPacific and Mahalo were two airlines that couldn't compete with the bigger carriers, even as Aloha said it couldn't compete with the smaller carrier Go. But folks will still fly outer island to visit or vacation, and there are two airlines left to service the market.
Our real estate values will not suffer because of the loss of Aloha Airlines. Our islands will still be beautiful, and island real estate - because of the scarcity - will continue to be highly prized. Subdivisions can be made on the mainland, but there will never be more waterfront land - in our lifetimes - created in Hawaii.
So make your reservations, come visit, and consider a real estate investment. Our Aloha Spirit is waiting for you.
Contact me with any real estate questions you may have and for a thorough real estate market analysis of Oahu.
Barbara Abe, REALTOR
23 between $800,000 - $999,999
Contact me for a complete analysis of the Hawaii Kai real estate market. I specialize in this beautiful community in East Oahu.
Tuesday, March 25, 2008
A recent article in the Honolulu Advertiser confirms what Realtors here in Hawaii Kai have always known: the desirability of living on this beautiful east shore of Oahu supports real estate values and keeps sales steady.
Many Homes are Waterfront
Called a "blue chip neighborhood," the article notes that many homes are waterfront which, of course, is the most valuable real estate on the whole island. Other homestyles include luxurious condos, affordable townhomes, hilltop estates with panoramic views - everything from low maintenance to boat docks. The many choices for buyers keeps the supply and demand well balanced.
Median Prices in 2007
A Special Place to call Home
East Oahu Realty
Saturday, March 15, 2008
The median price of a condo during the same 3-month period was $328,000, a 4% increase over last year, when it was $315,000.
However, sales of single-family homes fell more than 28% and condos fell 21% during the December-February period, compared to last year.
Reflecting the mainland real estate market, with a high inventory of depressed properties and short sales, buyers now are looking for a "deal" and know there are plenty of properties to choose from in the lower price ranges.
Contact me for full details on the real estate market on Oahu. I specialize in East Oahu and Hawaii Kai, and offer more than 20 years of experience and thorough real estate market knowledge of the Islands.
Friday, February 15, 2008
Saturday, February 9, 2008
Saturday, February 2, 2008
Monday, January 28, 2008
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