oahu real estate: Oahu Real Estate Market Update 2013 Issue 8
- 08/12/13 10:04 AM
Condo prices punched up another 8 percent in July, to an all-time high of $345,500 — the previous high MSP for condos was $325,000, set during the boom years in 2007. The vigor in this more-affordable multi-family segment of the market seems to keep gaining strength as single-family home prices also continue to rise —up 2 percent in July, from $635,000 to $647,500. For prospective buyers or sellers, this is no time to be on the sidelines. Don’t just watch this time. Get in and play.
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oahu real estate: Why Being a For Sale by Owner May Not Be in Your Best Interest
- 06/17/13 09:18 AM
Why Being a For Sale by Owner May Not be in Your Best Interest 1. Over Pricing Your Home to Save Commission. Cutting your nose to spite your face! Often, homeowners want to sell on their own, is that they can want to save commission costs. Experience proves this is not usually the case. Buyers today feel, whether it is true in particular instances or not, that owners overprice their homes and what the owner expects to get for their home is inflated by the amount of the commission in order to cover the cost of advertising and other expenses … (2 comments)
oahu real estate: Oahu Real Estate Market Update for May 2013
- 06/17/13 06:20 AM
Sales volume continues to outpace previous year growth rates. In May, 266 homes closed on Oahu, compared to 243 in May of 2012 — a 9.5 percent increase. The volume of condo sales jumped 21.8 percent, from 371 sales in May 2012 to 452 last month. A look at pending sales is encouraging — especially in the single-family home categories under $550,000. Pending sales in the condominium segment are up 18.8 percent, indicating there are transactions in escrow waiting to close.
Despite the fact that many of the market indicators are positive, and the fact that the housing industry … (2 comments)
oahu real estate: Oahu Market Update for April 2013
- 05/17/13 05:26 AM
Aloha, Coldwell Banker Pacific Properties agents share this monthly market update with their clients. Here is an update for Oahu. A dramatic increase in the number of sales closing in April on Oahu along with shrinking inventory has the attention of both buyers and sellers. No question about it, 2013 is a great time to buy real estate — buyers are out in record numbers. But available inventory remains depleted, which also means it’s a great time to sell real estate. Indeed sales volume saw double-digit increases in April — in both the single-family and condominium segments — confirming to sellers … (2 comments)
You may think that this is an article directed only towards you as a Buyer, but no it is not. When you have intentions of listing your property, it may be wise to have a home inspection on your property to reveal any hidden dangers that may bite you when you are in escrow. Just think of this as a possible money saver in the end. If you are selling your property for lets say $1,000,000. Is it worth your while to invest in a home inspection that may cost around … (0 comments)
Why rent, when you may be able to purchase your own home…. For only a bit more than you are paying each month in rent. Just take a pencil and paper and figure this out. Whatever your monthly rent is, times it by 12 months, then times that by 10 years. See how much money you could be directing toward a growing investment, which you can use to turn even more dreams into a reality in the future. It is crazy to think that in 10 years of renting a property for $3000, that you have spent $360,000 cash with … (2 comments)
oahu real estate: You Are Moving!!
- 03/06/13 06:34 AM
You Are Moving!! There is a lot to remember in this transition. Here is a basic guideline to help you. Depending on your situation, you may need to add other to do’s, however this is a good start to your priority list in your move. The more organized you are, the better.
6 Weeks before: · You’ve either gone into contract with selling, buying, or renting. · Now is the time to organize your self. Purchase or gather boxes. Start weeding out what you will be keeping vs. what you will be getting rid of. · When … (0 comments)
oahu real estate: SOLD! To a lovely military couple
- 02/21/13 02:20 AM
I just closed on this property for $670,000. It's a CPR (condominium property regime), single family home. The complex is called Heights at Wailuna which is located in Aiea. A lovely 4 bedroom, 3 bath property with interior square footage of 1669 sqaure feet. The sellers agent was a broker of her own company: Happy Homes Hawaii.
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oahu real estate: Oahu Real Estate Market Update for January 2013
- 02/15/13 02:23 AM
Aloha Friends, This is a report that is generated for Coldwell Banker Pacific Properties agents to distribute and share. Existing home sales soared in January — up nearly 30 percent, while the inventory of active listings continues to drop. The Honolulu Board of Realtors (HBR) reports the pace of single-family homes sales on Oahu is well ahead of figures from last year. There were 227 single-family homes sold onOahu last month, up 29.7 percent from 175 home sold in January of 2012. Inventory, both active listings and the number of new listings, is down considerably from last year. There were 25.3 percent fewer single-family homes on … (0 comments)
oahu real estate: Oahu Real Estate Market Update 2013 Issue 1
- 01/18/13 03:07 AM
Below you will find Coldwell Banker Pacific Properties monthly update that agents share with their clients: Strong 2012 year-end home sales on Oahu affirm a continuing market recovery as we head into 2013. In fact, all of the December stats reported by the Honolulu Board of Realtors indicate confidence has returned to the housing market. Specifically, in both the single-family home and condo categories, sales prices are up, sales volume is up, pending sales are up and days on the market and inventory are both down.
While all these market indicators are positive, perhaps the most remarkable is the low inventory … (2 comments)
oahu real estate: What is the difference between Leasehold vs. Fee Simple
- 12/04/12 01:45 AM
Most people only know of one type of real estate ownership; fee simple, also known as freehold. There are a handful of states that have another form of ownership known as leasehold. The difference in these two types of land tenure is very different and affects the value of the real estate. It is important to know the difference, especially if you're buying real estate in a leasehold state (i.e. Hawaii, New York, Florida). What is the difference between leasehold and fee simple? FEE SIMPLE: Fee simple ownership is probably the most familiar form of ownership to buyers of residential real estate. Depending on … (2 comments)
oahu real estate: Different types of home loans to choose from
- 11/30/12 03:15 AM
Getting the right type of real estate home loan is an important part of the home buying process. I have put together some very basic information regarding the types of real estate home loans that are common in the market today:Fixed-rate mortgages: Fixed rate mortgages are mortgages where the interest rate stays the same for the entire term of the loan. The advantage to a fixed rate mortgage is that if you lock a relatively low rate, your payment won’t go up when rates do.Adjustable-Rate Mortgages: With an adjustable rate mortgage, the rate of the loan can change throughout the term … (2 comments)
oahu real estate: Incredible Interest Rates Continue to be Incredibly Low!!
- 10/22/12 08:53 AM
I was just updating my website with the current mortgage rates posted on our mls system and decided to share this with you. It is pretty incredible that our interest rates have continually been at historic lows. No wonder we have so many buyers out there scooping up properties like there will be no tomorrow!!! It will be interesting to see what next year brings with our interest rates. To be continued!!! TO ALL BUYERS: NOW REALLY IS THE PERFECT TIME TO BUY. WE HAVE HIT OUR BOTTOM HERE IN HAWAII AND WE ARE SHOWING CONSISTANT INCREASE IN VALUES. TO ALL … (2 comments)
oahu real estate: FOUND & SOLD!! To a first time home buyer-Lovely and Affordable Condo
- 09/24/12 05:15 AM
I was so pleased when my dear friend asked me to help her son find a condo. He wanted to stay in that $350k price range in either the Windward side of Oahu, or Pearlridge area which is close to his work place. I generally work and specialize in Kaneohe and Kailua, but of course do occasionally have clients that are interested in other parts of the island. So we both explored the Pearlridge area. Most condos there seem to be close to the mall which is somewhat noisy, and congested. However there was one complex about 5 minutes from the … (2 comments)
oahu real estate: Why You Need A Pre-Approval Letter Or At Least Be Pre-Qualified
- 08/17/12 04:53 AM
Why You Need A Pre-Approval Letter Or At Least Be Pre-Qualified When Purchasing A Property A pre-approval letter verifies your ability to purchase a property. It is based on several factors including your credit score, job and employment history, current income, bank references, and the ability to fund your down payment. It does not specify numbers for each item, however. After all, you wouldn't want to advertise your bank account numbers or credit score to every seller or broker you encounter. But the letter verifies that a responsible lender has taken a good look into each area and drawn a conclusion … (2 comments)
oahu real estate: Oahu Real Estate Market Update for June 2012
- 07/13/12 03:49 AM
This is a monthly newsletter written by Coldwell Banker Pacific Properties for its agents to share with their clients. If you or anyone you know may be interested in real estate, this is a good article of insight to our current market conditions. Please feel free to call me with any questions or interest you may have with Oahu Real Estate. Mahalo, Lila Aloha, If you have been checking out the market over the months or years, wondering when you should take some action, now is the time. Summer is typically the height of the real estate season, and statistics are … (0 comments)
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