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Maili Real Estate Sales Activity for November 2007 - 12/29/07 05:03 PM
Maili, Hawaii is located on the Leeward (west) side of Oahu. (tax map key 187). Maili Single family homes sales volume has been down from the 2006 levels, year to date. In November we saw an increase of activity over the same period in 2006. The average sales prices were the reverse. Average price down a little in November, but up year to date. Maili condos and townhouses have seen a dramatic drop in sales volume from the 2006 levels. Average sales prices are down year to date a little over 9%. There were no closings in November. The below figures include both (4 comments)
We have been talking about this gathering ever since we learned the CRS Sell-a-bration was coming to Hawaii. WooHoo Sally (Celeste Cheeseman) has reserved the location so it is on! We will be gathering at the Gordon Biersch micro brewery. For those of you who know Sally and I you may see the humor. Neither of us drink, making us good designated drivers. Monday January 28, 2008 7:00pm until they throw us out 1 Aloha Tower Drive Suite 1123Honolulu, HI 96813phone: 808-599-4877 We chose Gordon Biersch for a couple of reasons.
They are easy to find from Waikiki and the Hilton were (34 comments)
One of the things we have all faced is buyer's remorse. Buying a home is extremely stressful for most clients. We in the profession who do this on a daily basis can easily treat the process of buying a home like a routine act. It may be for us, but not for our buyers. This is the biggest thing they will buy in their life in most cases. Did they get the perfect home? Did they get it at the right price? How will they ever make those huge mortgage payments? What if something bad happens like the roof leaks. Being (33 comments)
Kailua Real Estate Sales Activity for November 2007 - 12/22/07 06:23 PM
The Kailua communities (zip code of 96734 and some connecting neighborhoods) have seen changes in the real estate market. The below figures include both fee simple and leasehold properties. These are only the totals and average sale prices. Single Family homes sales: The month of November saw strong average sales prices. Year to date, both average sales price and sale volumes have shown modest increases over the 2006 figures. Inventory levels also came down a little in November. Condo and townhouse sales: In November both sales volume and average sales price volume continues to be a bit off from 2006, while average sales prices (6 comments)
November 2007 Real Estate Sales Activity in the Makaha, Hawaii - 12/22/07 05:42 PM
Makaha, Hawaii is located on the Leeward (west) side of Oahu. (tax map key 184). The below figures include both fee simple and leasehold properties. These are only the totals and averages. Here are number of single family homes sold in Makaha: Single Family homes: Sales activity in Makaha has continued to be softer than 2006. Year to date average sales prices have seen a nice increase, while the month of November saw a seasonal high that was not as strong as 2006, but higher than the year to date numbers. Currently Active for Sale (December 22, 2007): 52 Single Family HomesCurrently in Escrow (December (0 comments)
Pearl City Region Real Estate Sales Activity for November 2007 - 12/22/07 05:23 PM
This report covers areas including: Halawa, Foster Gardens, Aiea, Aiea Heights, Waimalu, New Town, Royal Summit, Pearl City, and Pacific Palisades. The below figures include both fee simple and leasehold properties. These are only the totals and average sale prices. Single Family homes sales have softened. Average sales price of single family homes have seen slight increase year to date while sales volume is down from last year. Inventory levels are reasonably low. Condo and townhouse sales are another story. The trend is similar to the single family homes in the area. Prices are seeing growth while sales volume is down and inventory low. Current (2 comments)
Real Estate Sales Activity for the North Shore of Oahu – November 2007 - 12/22/07 04:50 PM
The North Shore of Oahu includes communities from Kaena Point to Laie (Mokuleia, Waialua, Haleiwa, Kawailao, Waimea, Pupukea, Sunset, Velzy, Kahuku, Malaekahana, Laie. (tax map key 155 to 169). The below figures include both fee simple and leasehold properties. These are only the totals and average sale prices. Single Family homes sales have softened. Average sales price of single family homes while up a little in November have seen some slippage year to date. Sales volume is also down from last year. Inventory levels are at nearly 10 months worth. Condo and townhouse sales are another story. Average sales prices have seen a large (0 comments)
Salt Lake, Hawaii Area - November 2007 Real Estate Sales Activity - 12/22/07 04:04 PM
Salt Lake Area (tax map key 111, includes Moanalua, Aliamanu, Mapunapuna and Airport Area) The below figures include both fee simple and leasehold properties. These are only the totals and average sale prices. Single Family homes sales have softened. Average sales price of single family homes have continued to climb, while a little off in November the low sales volume makes it impossible to draw any conclusions. Sales volume is down from last year. Inventory levels are beginning to come down. Condo and townhouse sales are another story. Inventory continues to remain low. Average sales prices have seen a nice jump over last year. (0 comments)
Was 2007 Fun? It Was For Me. - 12/21/07 02:27 PM
As I get to the end of 2007 I felt I needed to reflect on this past year and get ready to hit the ground hard for 2008. For 2007 it was a year with some highs and some lows. I will be finishing the year below the aggressive goals I set for sales and personal. The year started a little on the slow side. I spent much of December in and out of the hospital at the end of 2006 and most of January and part of February recovering from a surgery and then some complications. As you know what you work (24 comments)
Not All Sellers Are Motivated - 12/19/07 12:33 AM
Earlier today I presented an offer for one of my buyers on a condo just outside of our planned community. After pulling the comparable sales in that complex and a couple of neighboring properties of the same construction we determined the asking price was higher than what it should appraise for. My clients really liked this one. It had some upgrades and 2 parking stalls that were at the same level as the condo. So after researching the numbers my clients settled on a price to offer the seller. I submitted their offer to the listings agent. Our offer was lower than the (35 comments)
I just read a blog post by Scott Daniels titled: You have to have the right tools in order to practice Real Estate. He shared a story about a real estate agent who was trying to practice real estate without the proper tools. Besides noting how poorly their clients were probably being serviced; it made me think of another question. When taking on a client are you practicing real estate (I mean in the context of trial and error) or are you performing the business of real estate? Many times we as professionals run across others in the industry that clearly does (32 comments)
Real Estate Sales Activity in the Hauula, Hawaii – November 2007 - 12/15/07 11:55 PM
Hauula (tax map keys 153 thru 154) Single family homes have really slowed down dramatically. There is still more than 2 years worth of inventory in Hauula. It is still a buyer's market in Hauula. Current Active for Sale (December 15, 2007): 29 Single Family HomesCurrently in Escrow (December 15, 2007): 2 Single Family Homes*These numbers were taken from the Honolulu Board of Realtors MLS system and are deemed to be accurate, but not guaranteed. You can find out more about real estate in Hawaii at: http://www.hawaiirandy.com/ Or at: http://www.localism.com/
Ocean Pointe Real Estate Sales Activity for October 2007 - 12/15/07 11:42 PM
Ocean Pointe a planned community in Ewa Beach, Hawaii (makes up part of tax map key 191). Single Family homes: Average sales prices of single family homes in November saw a dip, leaving the year to date average sale price a little over 5% lower than the same period last year. Inventory level has grown a little in November bringing it up to slightly more than 4 months worth. Condo and townhouse sales are another story. Sales volume has shown drop a large drop year to date from the 2006 levels. Average sales price has seen a slight decrease year to date from (5 comments)
Village Park - Real Estate Sales Activity for November 2007 - 12/15/07 11:02 PM
Village Park is a community in Waipahu, Hawaii (makes up part of tax map key 194). Single family home sales volume picked up in November, the average price went down a bit. Year to date the sales volume is down while the average sales price is consistent with 2006. Here are numbers for single family homes in Village Park: Currently Active for Sale (December 15, 2007): 18 Single Family HomesCurrently in Escrow (December 15, 2007): 4 Single Family Homes*These numbers were taken from the Honolulu Board of Realtors MLS system and are deemed to be accurate, but not guaranteed. You can find out more about real (0 comments)
November 2007 Real Estate Sales Activity For Royal Kunia - 12/15/07 10:44 PM
Royal Kunia is a planned community in Waipahu, Hawaii (makes up part of tax map key 194). Single Family homes average prices have softened. Sales volume of single family homes is consistent year to date with 2006 levels. Average sales prices year to date are within 2% of the 2006 levels. Inventory levels remain low, so expect prices to continue to remain strong for at least the short term. Condos and townhouses: Sales volume of condos is small, due to the limited number of condo complexes in Royal Kunia. Currently Active for Sale (December 15, 2007): 15 Single Family Homes 8 Condos/ TownhousesCurrently in (0 comments)
November 2007 Real Estate Sales Activity For Waipio Gentry - 12/14/07 09:17 PM
Waipio Gentry Area also includes Crestview and Seaview. Single Family homes sales have softened. Year to date average sales prices of single family homes have are up slightly over last year. Sales volume year to date has climbed faster. With mortgage interest rates and inventory relatively low, we may see a strong finish for the rest of 2007 in the Waipio Gentry Area. Condo and townhouse sales have seen average sale price climb. Sales volume has dropped some from the 2006 volume, while average sales prices have shown a modest increase. Currently Active for Sale (November 14, 2007): 8 Single Family Homes25 (3 comments)
Westloch - Real Estate Sales Activity for November 2007 - 12/14/07 08:29 PM
This Westloch sales report covers both Westloch Estates and Westloch Fairway (part of zip code of 96706) have seen a flattening of the market when comparing with 2006 numbers. Sales volume has stayed steady with last year, while average sale prices have slipped slightly. Interest rates are still low and there is a good selection of inventory making it a good market for both buyers and sellers. Currently Active for Sale (12/14/07): 19 Single Family Homes Currently in Escrow (12/14/07): 4 Single Family Homes *These numbers were taken from the Honolulu Board of Realtors MLS system and are deemed to be accurate, but not guaranteed. You (0 comments)
Overpriced and Falling Apart - 12/11/07 03:03 AM
This morning I had a couple who are first time buyers riding with me looking at potential properties. This is one of the parts of real estate I enjoy the most. I love nothing more than putting a buyer in their first home. I find it so rewarding. The last listing we visited was quite a note to end the day on; a sour note at that. The previous listing we viewed a few blocks away was a townhouse about the same size and age. It was remodeled with a new kitchen, nice laminate floors and several other upgrades for less money and (31 comments)
The final in this series designed to lighten it up a little. Here is a short list of things to watch out for when working with a loan officer. If your loan officer has any or all of these attributes you may need a loan officer: The name of their company is ABC Mortgage & Hair Cutting Emporium.Or the name of the company starts with Bob or Lefty.They promise you $100,000 cash back on all transactions.Says your 100% loan requires a large down payment.They ask you to fudge you income or employment information.Tell you if they can also be your real (17 comments)
I decided to lighten it up a little. Here is a short list of things to watch out for when working with a home inspector. If your home inspector has any or all of these attributes you may need a new inspector: Uses a disposable camera.Always has a tooth pick hanging out of their mouth and calls everyone sport.Keeps hitting on your spouse.Takes the bus to the inspection site.Is also a loan officer, real estate agent and works at a fast food restaurant.Does not have insurance or see the need for it.Has fuzzy dice hanging from their mirror.Tests the plumbing by using (6 comments)
I decided to lighten it up a little today. Here is a short list of things to watch out for when working with a real estate agent. If your agent has any or all of these attributes you may need a new real estate agent: Drives a YugoHas a beeper instead of a cell phone.Drives the delivery truck from their regular job when showing properties.Is not a member of the Board of Realtors (says they are saving money).Has the nickname of Slick, Fast or Speedy or has a nickname of a city or state.Has a habit of putting their hand on (31 comments)
A little over a year ago when I joined Active Rain, I had never blogged before. I thought it was like the chat rooms and a big waste of time. Since being persuaded to check out Active Rain by fellow REALTOR, David Kucic, I have changed my opinion dramatically. David did me a giant favor be getting me to join. Since joining I have made many new friends in the real estate industry. I have shared knowledge with so many. The folks on Active Rain, besides being some of the top professionals in the business, are also some of the most generous. (39 comments)
November 2007 Real Estate Sales Activity for Las Brisas in Ewa Gentry - 12/05/07 11:45 PM
Las Brisas is a development within the planned community of Ewa Gentry in Ewa Beach, Hawaii (makes up part of tax map key 191). Single Family homes: Sales activity in Las Brisas has continued to be softer than 2006. There is a lot of new home construction in the area competing with the resale market, along with a large amount of resale inventory in the neighboring communities. It is a good area and time for buyers to find good deals while interest rates are still low. Currently Active for Sale (December 5, 2007): 5 Single Family HomesCurrently in Escrow (December 5, 2007): 0 Single (0 comments)
November 2007 Real Estate Sales Activity for Montecito/ Tuscany in Ewa Gentry - 12/05/07 11:30 PM
Montecito/ Tuscany an Ewa Gentry planned community in Ewa Beach, Hawaii (makes up part of tax map key 191). Single Family homes: Sales volume is still too low to draw conclusions. Most of the homes are less than 2 years old. The resale prices are very attractive for first time home buyers who are looking to enter the market. Currently Active for Sale (December 5, 2007): 17 Single Family HomesCurrently in Escrow (December 5, 2007): 0 Single Family Homes*These numbers were taken from the Honolulu Board of Realtors MLS system and are deemed to be accurate, but not guaranteed. You can find out more about (0 comments)
November 2007 Real Estate Sales Activity for Wahiawa & Whitmore Village - 12/05/07 10:34 PM
Single Family homes sales in Wahiawa/ Whitmore have shown increases. Average sales prices of single family homes are up just under 7%, year to date from over the 2006 levels. Sales volume is still down from 2006 levels but got a small boost in November reducing the gap to slightly over 6% year to date. It still appears to be a nice balanced market for both buyers and sellers. Condo and townhouse sales in Wahiawa/ Whitmore are another story. Average sales prices have shown a slight drop of a little over 4-1/2% while sales volume has slipped further to being down 23-1/3% (0 comments)
This Mililani sales report covers zip code 96789 which covers both the Mililani Area (which includes Mililani Town, Launani Valley) and Mililani Mauka. Single Family homes: Sales prices in Mililani have are consistent year to date with 2006 numbers in all Mililani areas, with the exception of Mililani Mauka which has shown a slight gain.. Year to date Sales volume in the Mililani Town and the valleys while has dropped by nearly 20%, while Mililani Mauka sales volume has had a slight increase. With mortgage rates remaining low, buyers and sellers will find it still a good time to make a (3 comments)
So many times I see other agents getting themselves in situations they should never have gotten themselves into. Many are just not professional, but there is another group: Those who need to be loved. Most real estate agents want everyone to love them, so they do what they think will bring them the love. Being loved is a need we all have, but it can be a big problem when that need is placed ahead of being a professional. How many times have you gone against your better judgment to appease your clients? Listed the home for more than (57 comments)
UH Finishes With a Perfect 12-0 Season! - 12/02/07 02:54 AM
Colt Brennan orchestrated a great victory over the University of Washington 35-28 tonight to give the University of Hawaii their first undefeated season in school history. Washington jumped out to a 21-0 lead in the first quarter taking advantage of three turnovers. In the second quarter Uh lead by Heisman hopeful Colt Brennan charged back to bring the score to 28-21 going into halftime. In the second half UH made adjustments on defense and finally stopped the running game of Washington. The third quarter went scoreless, making the UH fans nervous. In the 4th quarter Colt connects with Jason Rivers for a 40 (14 comments)
Now that Thanksgiving has past we are officially in the Christmas Season. I will again be sending Christmas Cards as in past years, not holiday or seasons greeting cards. Some say that political correctness requires you do not use the word Christmas especially in business greetings. I guess in this regard I will risk not being politically correct As in the past we will be attending several Christmas parties. My wife and her family have a tradition of drawing names for gift giving and they get together for a Christmas feast at one of the homes. It is wonderful that her family (18 comments)
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