Buying a Vacation Rental Property on Oahu, Hawaii – Part 4 - 06/30/11 02:34 PM
Buying a Vacation Rental Property on Oahu, Hawaii - Part 4
Ok, now that we've answered some FAQ's,let's return to the topic of using a Property Manager vs. Renting Your Vacation Home By OwnerUsing a Property Manager vs. Renting Your Vacation Home by Owner
According to an article written by a community editor at "Community from HomeAway" an online organization that deals with optimizing your vacation rental business, the following points were made:   When you are thinking about how you will manage the rental of your vacation home, you have to choose which management style will work best for you.Using … (0 comments)

Honolulu Board of REALTORS® Market Information: Oahu May 2011 - 06/29/11 12:59 PM
Honolulu Board of REALTORS® Market Information: Oahu May 2011
The May 2011 Residential Resales Statistics Press Release* can be downloaded HERE.The May 2011 Monthly Statistical Report* (MSR) is comprised of three types of reports:1. Monthly Indicators ~ Reports will include number of closed sales, median sales prices, new listings, pending sales, days on market.> Download the May 2011 Month Indicators HERE.2. Housing Supply Outlook ~ A detailed analysis by property type and price range demonstrating current trends.> Download the May 2011 Housing Supply Outlook HERE.3. Local Market Updates ~ Individual reports for the various neighborhoods which display both single-family and condominium … (0 comments)

Honolulu Condos - Quick Market Statistics - 06/28/11 02:04 PM
Honolulu Condos - Quick Market Statistics
(All data is compared to the same month last year.)
Number of Sales
Condominium:             330 (10.3% DOWN)
Median Sales Price
Condominium:             $290,000 (4.9% DOWN)
Days on market
Condominium:             36 days (8 days INCREASE)
Inventory
Condominium:             1,919 (8.7% DECREASE)
… (0 comments)

Buying a Vacation Rental Property on Oahu, Hawaii - Part 3 - 06/27/11 01:57 PM
Buying a Vacation Rental Property on Oahu, Hawaii - Part 3
Answers to frequently asked questions from current and prospective vacation rental owners about buying vacation real estate........ ContinuedAccording to a series of articles written by a community editor at "Community from HomeAway" an online organization that deals with optimizing your vacation rental business, the following points were made:
#Q: How do I decide where to buy within a given market?A: Once you settle on an area for your second (or third or fourth home) you have to brainstorm all of the reasons why travelers vacation in that market. If there are … (0 comments)

It's Aloha Friday Again: Waikiki Steel Guitar Festival - 06/24/11 03:00 PM
It's Aloha Friday Again:  Waikiki Steel Guitar Festival
According to Travel Video News, "Waikiki Beach Walk and Outrigger Enterprises Group are pleased to present the 2nd Annual Hawaiian Steel Guitar Festival this July as part of Outrigger's ongoing Na Mele No Na Pua Music Heritage Program. The month-long celebration will feature some of the islands best steel guitarists, as well as artists new to the instrument, on stage at Waikiki Beach Walk every Sunday evening during the month, with performances on July 3, 10, 17, 24, and 31."
"Waikiki Beach Walk and Outrigger Enterprises Group are pleased to present the 2nd … (0 comments)

Honolulu Condos Listing Alerts 6/22/11 - 06/22/11 03:54 PM
Honolulu Condos Listing Alerts 6/22/11
Aloha!
Please read our current Listing Alerts since our last issue:

"Featured Listing" New Neighborhood Condo Listings Condo and Home Foreclosure and Short Sale Listings May 2011 Real Estate Market Statistics "Featured Blog Articles" Also, please feel free to visit our website, one of the most complete Honolulu Condominium Directories available online at www.HNLCondos.com
PLEASE NOTE: "Honolulu Condos Listing Alerts" is sent every other week on Wednesdays.
Featured Listing
Sought After Ala Moana Condo - 1350 Ala Moana #1002 - $850,000
RARELY AVAILABLE corner end 02 unit with fabulous Ocean, Diamond Head, Magic Island … (0 comments)

Featured Waikiki Condo Building: Waikiki Landmark - 06/21/11 01:38 PM
Featured Waikiki Condo Building:  Waikiki Landmark

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Buying a Vacation Rental Property on Oahu, Hawaii - Part 1 - 06/20/11 01:37 PM
Buying a Vacation Rental Property on Oahu, Hawaii - Part 1
You've always dreamed of owning a vacation home. After all, real estate is a smart investment, and what investment could be better than one that lets you spend several weeks a year in your own little slice of heaven?
Problem is, you fear getting in over your head. Your biggest concern may be that of cost. You know that many vacation homeowners pay for their properties by renting them, but the details seem daunting. How would you find renters? Deal with damages? Clean the home from 200 miles away?
Don't give … (0 comments)

Hawaii Sees Fewer Foreclosures in May 2011 - 06/17/11 02:04 PM
Hawaii Sees Fewer Foreclosures in May 2011
According to Pacific Business News and RealtyTrac, "Foreclosures in Hawaii fell nearly 15 percent in May compared to the same month last year."
There were a total of 900 homes with foreclosure filings last month, including 87 notices of default, 438 trustee sales and 375 bank repossessions, according to Irvine, Calif.-based RealtyTrac. One in every 573 housing units in the Islands received a foreclosure filing. That placed Hawaii 12th in the nation, meaning that only 11 states had worse foreclosure percentages.
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Mortgage Applications Surge Amid Falling Rates - 06/16/11 01:38 PM
Mortgage Applications Surge Amid Falling Rates
According to "RealtorMag", found online at www.Realtor.org, "More people are applying for mortgages: Applications for home mortgages had their largest increase in three months due to falling record-low interest rates, the Mortgage Bankers Association reports. MBA's seasonally adjusted index of mortgage application activity increased 13 percent for the week ended June 10. That marks the index's biggest gain since March. The index measures applications for refinancing and purchase demand."
Read, the rest of the article, "Mortgage Applications Surge Amid Falling Rates".
… (1 comments)

Oahu Local Market Updates out for May 2011 - 06/15/11 01:26 PM
Oahu Local Market Updates out for May 2011
Contents of the Local Market Updates Report include:
SINGLE FAMILY HOMES AND CONDOMINIUMS - FOR 21 AREAS New Listings Closed Sales Median Sales Price Pct. of Original List Price Received Days on Market Until Sold Current Inventory  View the Oahu Local Market Updates Report for May 2011 Now.
… (0 comments)

Hawaiian idyll: Canadians finding bargains in the Aloha State - 06/14/11 03:13 PM
Hawaiian idyll: Canadians finding bargains in the Aloha State
According to an article written by Grania Litwin, PostMedia News and seen online at www.Canada.com, "Snorkelling, swimming, surfing and suntanning aren't the only reasons Canadians visit Hawaii these days.
They're saying aloha to condos and homes that have plummeted in price as much as 60 per cent since January 2008, while the Canuck buck soars. Why buy a cottage on a lake in Canada when you can be on a beach with gardenia-scented breezes?
``What's really driving the market is foreclosures,'' says Re/Max Resort Realty's Howard Dinits, who lives on Maui.
``Many island … (0 comments)

May 2011 Oahu Housing Supply Outlook - 06/13/11 03:07 PM
May 2011 Oahu Housing Supply Outlook
Contents of the Housing Supply Outlook Report include:
PROPERTY TYPE ANALYSIS Inventory Months Supply Home Sales Pct. of Original List Price Received Median Sales Price Days on Market Until Sale PRICE RANGE ANALYSIS Inventory Months Supply Home Sales Pct. of oroginal List Price Received Days on Market Until Sale  View the Oahu Housing Supply Outlook Report for May 2011 Now.
… (0 comments)

It's Aloha Friday Again: Honolulu Zoo's 25th "Wildest Show in Town" summer concert series gets under way - 06/10/11 03:05 PM
It's Aloha Friday Again:  Honolulu Zoo's 25th "Wildest Show in Town" summer concert series gets under way
According to "HawaiiMagazine.com", "During early evening hours today, or on any Wednesday through Aug. 10, the sweet sounds of guitars and ukuleles will be drifting over the hedges at the Waikiki area's Honolulu Zoo."Inside the zoo, on a stage overlooking a cool, grassy lawn, Honolulu Zoo's Wildest Show in Town will begin its 25th summer concert series at 6 p.m. When the gates open at 4:35 p.m., concertgoers may tour the zoo grounds for about an hour - mini-guided tours will be offered to … (1 comments)

Honolulu Condos - Quick Market Statistics for May 2011 - 06/09/11 01:39 PM
Honolulu Condos - Quick Market Statistics for May

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Oahu Housing Monthly Indicators for May 2011 - 06/07/11 01:55 PM
Oahu Housing Monthly Indicators for May 2011
Contents of the Monthly Indicators Report include: 
Closed Sales Median Sales Price Average Sales Price New Listings Pending Sales Days on Market Until Sale Percent of original List Price Received at Sale Housing Affordability Index Inventory of Homes Available Months Supply of Inventory Market Overview Explanation Page  View the Oahu Monthly Indicators Report for May 2011 Now
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Who's Buying Hawaii Homes? - 06/06/11 02:07 PM
Who's Buying Hawaii Homes?
According to the "Pacific Business News" online blog, "Driving down Kahala Avenue (in east Honolulu) it sometimes seems as if every other house along the beach is owned by someone, or some company, from Japan.
But statistics show that only 5 percent of all the residential real estate sales on Oahu last year were to buyers from outside the 50 United States.Read more: A look at who's buying Hawaii homes | Pacific Business News
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What Are Condo Hotels or Condotels? - 06/03/11 02:20 PM
What Are Condo Hotels or Condotels?
In Honolulu, and especially Waikiki, there are a number of condo hotels. commonly referred to as condotels.  These can make a great vacation property purchase as many offer the advantages of being able to use the property when you are on vacation and let the property be rented out to hotel guests at other times, producing income to offset some expenses of ownership.
In an interview with Joel Greene, President of the Condo Hotel Center, a brokerage "specializing in selling condo hotels in the pre-construction phases, which appeared online at "the Bigger Pockets Blog", an … (2 comments)

West Waikiki! Great New Ocean View Listing at Ilikai Apartments #1502 for $418,000 - 06/02/11 01:58 PM
Great New Ocean View Listing at Ilikai Apartments, West Waikiki
Do you remember the Hawaii 5-0 TV show?  Ilikai gained fame as the location where Jack Lord stood on the penthouse lanai for the opening credits of Hawaii Five-O, a popular television series.  The Ilikai is a favorite among locals and visitors. It's oceanfront, directly front the Alai Boat Harbor, with easy access to the Yacht Clubs and boat slips. Hilton Hawaiian Village is next door.  There is a beautiful lobby, recreational floor and pool area that was completely remodeled with a walkway from the upper level recreation deck to Hilton … (0 comments)

Want to Own a Honolulu Vacation Rental Property? - 06/01/11 01:58 PM
Want to Own a Honolulu Vacation Rental Property?  The Diamond Head Beach Hotel is a Perfect Choice!

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