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Honolulu, HI Real Estate News

By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Makiki & Moili'ili Honolulu, March 2024   Single Family Homes March Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 9 / 14  -36%   20 / 23  -13%    Median Sales Price $1.35M / $1.5M  -10% $1.5444M / $1.5M  3% Percent of Original List Price Received 93.5% / 98.0%  -5% 97.2% / 95.7%  2% Median Days on Market Until Sale 43 / 14   207% 23 / 15   53% New Listings 19 / 11  73% 38 / 36  6% Pending Sales 7 / 10  -30% 24 / 31  -23% Active Inventory 43 / 24  79% ---    Condos March Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 36 / 41  95% 102 / 86  19%  Median Sales Price $385,000 / $430,000  -10%   $405,000 / $404,500  0%  Percent of Original List Price Received 98.1% / 97.9%  0% 97.4% / 97.8%  0% Median Days on Market Until Sale 26 /...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Ala Moana & Kaka'ako Honolulu, March 2024   Single Family Homes March Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 1 / 0  0%  2 / 0  0%  Median Sales Price $1.1M/ $0   0%  $1M / $0   0% Percent of Original List Price Received 96.5% / 0.0%  0% 94.7% / 0.0%  0% Median Days on Market Until Sale 38 / 0  0% 38 / 0  0% New Listings 1 / 0  0% 2 / 1  100% Pending Sales 0 / 1  -100% 2 / 1  100% Active Inventory 4 / 0   0% ---    Condos March Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 38 / 55  -31%  96 / 124  -23%  Median Sales Price $747,000 / $830,000  -10% $624,250 / $645,000  -3% Percent of Original List Price Received 95.5% / 95.9%  0% 96.2% / 96.6%  0%    Median Days on Market Until Sale 92 / 39  136% 45 / 41  10% New Listin...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Waikiki Honolulu, March 2024   Single Family Homes March Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales No Recorded Sales No Recorded Sales Median Sales Price $0 / $0  0% $0 / $0  0% Percent of Original List Price Received 0 / 0%  0% 0 / 0  0% Median Days on Market Until Sale 0 / 0  0% 0 / 0  0% New Listings 0 / 0  0% 0 / 0  0% Pending Sales 0 / 0  0% 0 / 0  0% Active Inventory 0 / 0  0% ---    Condos March Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 82 / 97  -15% 237 / 251   -6% Median Sales Price $440,000 / $470,000  -6% $435,000 / $403,750  0% Percent of Original List Price Received 97.9% / 97.3%  1%  97.0% / 97.0%  0% Median Days on Market Until Sale 33 / 31  6% 36 / 27  33% New Listings 170  / 150  13% 446  / 379  18% ...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
Aloha! This is David Buck with Harcourts Island Real Estate. Today is another Wednesday and we're going to cover another episode of We Need Inventory. The neighborhood of discussion today is Waialae Golf Course neighborhood. Every year I do a blog on the Sony Open and the homes along the golf course. Traditionally, every year there's several for sale... Read More
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By Hella Mitschke Rothwell, Hawaii & California Real Estate Broker
((831) 626-4000)
The Honolulu Board of Realtor's MATRIX allows for some statistics to be generated that look at the overall picture of the real estate market in the County of Honolulu. TODAY, I WILL FEATURE SOME GRAPHS FOR SINGLE FAMILY HOMES Above: Days to sell has been pretty low, and then, as summer approached, we had a spike up. Which probably means, that NOW IS A GOOD TIME TO NEGOTIATE A PRICE. Also, I wonder if this had anything to do with the interests rates going up. Above: It looks like ACTIVE LISTINGS GO UP DURING THE SUMMER. That might be another reason why the "Days to sell" has goes up then, more competition for the available buyers. Above: When you look at this chart, prices did not drop down drastically during the downturn in the market to, let's say, 2004 prices like they did in many mar...
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By Joe Segal
(Prudential Locations)
Prudential Locations recently released their updated Hawaii real estate report, recapping the total number of property sales and median prices in Hawaii for June 2013. Stats are for both single family homes and condos on Oahu, Maui, Big Island, Kauai, and statewide.        For more Hawaii real estate articles, visit our blog: http://www.prudentiallocations.com/news/default.aspx  
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By Hella Mitschke Rothwell, Hawaii & California Real Estate Broker
((831) 626-4000)
CONDOMINIUMS FOR SALE IN KAHALA CAN BE AFFORDABLE, BUT YOU NEED TO BE AWARE OF LEASEHOLD. Kahala, known for its beautiful multi million dollar homes both on and off the beach, can be tricky when you look at affordable condominiums. KAHALA BEACH CONDOMINIUM (LEASEHOLD): 4999 Kahala Avenue, right on the ocean, adjacent to the Kahala Hotel and Resort (see photos below). A luxury condominium with views of the Waialae Country Club. I absolutely love this building, but buyers need to consider that all condos for sale are leasehold with Bishop Estate as the Lessor. Price range right now on ACTIVES (not those under contract) is between $175,000 and $385,000. Things to consider: 1. How long is the lease? Leases on the building expire on 12/31/2027. 2. When will the current lease rent be renegoti...
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By Hella Mitschke Rothwell, Hawaii & California Real Estate Broker
((831) 626-4000)
Sometimes the waves do kick up a bit here in Hawaii, even on the Waikiki side, so where to go on a hot summer's day? ALA MOANA BEACH PARK, HONOLULU, HAWAII Those who live in Honolulu tend to stay out of Waikiki when it comes to going to the beach. Mostly, because parking is tough and it's quite a hike to the beach. Not so at Ala Moana Beach Park. There is lots of FREE parking, and it's just across the street from the Ala Moana Shopping Center in case you want to load up on picnic items at the last minute. Ala Moana Beach Park is 76 acres of mostly lawn shaded by large trees under which families gather for picnics. Which also means that the beach itself does not get crowded. As you can see on the photos, even though the park itself was pretty full, the beach was not.  And the breakwater ...
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By Hella Mitschke Rothwell, Hawaii & California Real Estate Broker
((831) 626-4000)
Have you ever dreamed of living at Diamond Head on the ocean? There are some very attractive condominium prices in the Diamond Head neighborhood of Honolulu. For example, I checked the MLS just now, and there are 59 listings on the market from as low as $79,900. Six listings were between $100,000 and $200,000 with 4 of them at 2947 Kalakaua Avenue, an oceanfront building. However, these are all leasehold and it is important to find out when the lease runs out and how much it would be to purchase it in fee simple. This could become a real problem down the line. Fee Simple: Today, the least expensive fee simple condominium in the Diamond Head neighborhood is: Diamond Head Ambassador at 2957 Kalakaua Avenue: 1. 1 bedroom, 1 bath, 445 s.f. on the 2nd floor. Sales price: $399,000 (Days on ma...
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By Hella Mitschke Rothwell, Hawaii & California Real Estate Broker
((831) 626-4000)
Have you visited Waikiki several times and have visions of retiring here? Here, where the lifestyle can be easy, and you can do it on a limited budget? For example: 1. Waikiki is a place that never sleeps, or at least there is always something to do from morning until late at night. Retirees like to chat with others who have their same interests and have time on their hands. 2. Waikiki Beach is crowded, but you like it that way. So you pick your time to be out there, say, in the mornings when it's still cool and in the evenings around sunset. You can walk anonymously around by yourself, or easily find someone to talk to.  3. Waikiki has a lot of free entertainment, all you need to do is walk down Kalakaua Avenue or along the shore past hotels in the evening. The Hawaiian music is soothi...
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By Hella Mitschke Rothwell, Hawaii & California Real Estate Broker
((831) 626-4000)
Honolulu Park Place, 1212 Nuuanu Street, Honolulu, Hawaii 96813 This week I previewed ten (10) of the large condominium complexes that are located right around the downtown Honolulu business district and close to government buildings and Queens Medical Center. Just think, no driving to work, no parking expenses or hassles. Yes, once again, I walked all over downtown and saw it change from daytime when everyone is at work, to evening when the city mostly empties out. However, there are lots of things to do in the evenings within a few blocks. The 40 story HONOLULU PARK PLACE condominium at the edge of downtown Honolulu, consists of 437 units. It was built in 1989. FACILITIES/AMENITIES:  A/C, AC Central, BBQ, Enter Phone, Exercise Room, Heated Pool, Meeting Room, Recreation Area, Recreati...
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By Hella Mitschke Rothwell, Hawaii & California Real Estate Broker
((831) 626-4000)
Honolulu Tower, 60 N Beretania Street, Honolulu, Hawaii 96813 This week I previewed ten (10) of the large condominium complexes that are located right around the downtown Honolulu business district and close to government buildings and Queens Medical Center. Just think, no driving to work, no parking expenses or hassles. Yes, once again, I walked all over downtown and saw it change from daytime when everyone is at work, to evening when the city mostly empties out. However, there are lots of things to do in the evenings within a few blocks. The 41 story HONOLULU TOWER condominium at the edge of Downtown Honolulu has 396 condominium units. It was built in 1982.  FACILITIES/AMENITIES: Pool, Barbeque, Whirlpool   RESIDENTIAL UNITS:  From time to time, I will preview specific listings. For n...
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By Hella Mitschke Rothwell, Hawaii & California Real Estate Broker
((831) 626-4000)
Century Square, 1188 Bishop Street, Honolulu, Hawaii 96813 This week I previewed ten (10) of the large condominium complexes that are located right around the downtown Honolulu business district and close to government buildings and Queens Medical Center. Just think, no driving to work, no parking expenses or hassles. Yes, once again, I walked all over downtown and saw it change from daytime when everyone is at work, to evening when the city mostly empties out. However, there are lots of things to do in the evenings within a few blocks. The 37 story CENTURY SQUARE is a downtown Class A Office Condominium complex built in 1982 and owned by The Roman Diocese of Honolulu. FACILITIES/AMENITIES:   Leasehold. 24/7 on-site security and air conditioning. Abundant natural light with floor to cei...
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By Hella Mitschke Rothwell, Hawaii & California Real Estate Broker
((831) 626-4000)
The first boat to cross the finish line at Diamond Head Lighthouse in this year's 2013 Transpac Yacht Race was the 73-foot offshore trimaran TRITIUM LENDING CLUB. After starting the 2,250 mile race in Long Beach on Saturday, July 13, it crossed the finish line on Thursday night after 5 days, 11 hours, 52 minutes and 33 seconds. Unfortunately, I was not out there myself to watch it come in, but I did go down to the Honolulu yacht basin yesterday to see it close-up and took some photos. Check out it's unusual racing design. To read more about it and the race it ran, click here. http://www.kitv.com/sports/hawaii-sports/tritium-racing-finishes-first-in-transpac-2013/-/15881998/21066482/-/eloaua/-/index.html I also walked all around the yacht harbor area, first to the Waikiki Yacht Club and ...
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By Hella Mitschke Rothwell, Hawaii & California Real Estate Broker
((831) 626-4000)
Capitol Place, 1200 Queen Emma Street, Honolulu, Hawaii 96813 This week I previewed ten (10) of the large condominium complexes that are located right around the downtown Honolulu business district and close to government buildings and Queens Medical Center. Just think, no driving to work, no parking expenses or hassles. Yes, once again, I walked all over downtown and saw it change from daytime when everyone is at work, to evening when the city mostly empties out. However, there are lots of things to do in the evenings within a few blocks. The 39 story CAPITOL PLACE condominium at the edge of the downtown financial district consists of 384 units. Built in 2008, it is very modern and sleeklooking. There is easy access to the H-1 Freeway to get out of the downtown area. FACILITIES/AMENITI...
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By Hella Mitschke Rothwell, Hawaii & California Real Estate Broker
((831) 626-4000)
Harbor Court, 66 Queen Street, Honolulu, Hawaii 96813 This week I previewed ten (10) of the large condominium complexes that are located right around the downtown Honolulu business district and close to government buildings and Queens Medical Center. Just think, no driving to work, no parking expenses or hassles. Yes, once again, I walked all over downtown and saw it change from daytime when everyone is at work, to evening when the city mostly empties out. However, there are lots of things to do in the evenings within a few blocks. The 41 story HARBOR COURT condominium across from Honolulu Harbor, consists of 120 luxury condominiums and was built in 1994. There are 18 floors of commercial space including several restaurants and retail spaces on the ground floor plaza. FACILITIES/AMENITI...
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By Hella Mitschke Rothwell, Hawaii & California Real Estate Broker
((831) 626-4000)
Harbor Square, 700 Richards Street, Honolulu, Hawaii 96813 This week I previewed ten (10) of the large condominium complexes that are located right around the downtown Honolulu business district and close to government buildings and Queens Medical Center. Just think, no driving to work, no parking expenses or hassles. Yes, once again, I walked all over downtown and saw it change from daytime when everyone is at work, to evening when the city mostly empties out. However, there are lots of things to do in the evenings within a few blocks. The 26 story HARBOR SQUARE condominium across from Honolulu Harbor, consists of 2 towers, the HARBOR TOWER and the TOWN TOWER. Residential units are above the first 6 floors which is office space accessed from Queen Street. Only the HARBOR TOWER includes...
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By Hella Mitschke Rothwell, Hawaii & California Real Estate Broker
((831) 626-4000)
Executive Centre at 1088 Bishop Street, Honolulu, Hawaii 96813 This week I previewed ten (10) of the large condominium complexes that are located right around the downtown Honolulu business district and close to government buildings and Queens Medical Center. Just think, no driving to work, no parking expenses or hassles. Yes, once again, I walked all over downtown and saw it change from daytime when everyone is at work, to evening when the city mostly empties out. However, there are lots of things to do in the evenings within a few blocks. The 40 story EXECUTIVE CENTRE condominium in the heart of the business district, is a mixed use building that can be used for business purposes or as a residence.  It is all Leasehold (no Fee Simple available) and consists of 510 units and was built ...
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By Hella Mitschke Rothwell, Hawaii & California Real Estate Broker
((831) 626-4000)
This is my first foray into direct mail marketing and I have earmarked a certain budget for it. Rather than putting "all my eggs in one basket", I am testing the waters in several ways. 1. Expired listings: This is something I am committed doing because I know these owners are interested in selling and have not done so. These owners get a personalized letter from me. My advisers tell me that without a follow-up call, these are pretty useless. What has been your experience? 2. A condo or townhouse complex: We have plenty of them here in Honolulu. Send a personalized letter to each owner introducing myself. I am told I need to make a follow-up call; however, these are people who may or may not want to sell their unit. So I am considering just sending them a second piece of information tha...
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By Hella Mitschke Rothwell, Hawaii & California Real Estate Broker
((831) 626-4000)
Condominiums for Sale in Honolulu, Hawaii MLS Search is set for each Condominium's  name. Just Click on photos and ACTIVE LISTINGS show right up!  Above: Condominiums and hotels as seen from the Ala Moana Beach Park. Right, Ilikai, Left, Yacht Harbor Tower.  Yacht Harbor Towers1600 & 1650 Ala Moana Honolulu, Hawaii At Ala Moana Center & BeachOcean Views   Marco Polo2333 KapiolaniHonolulu, Hawaii By WaikikiMany Ocean Views   Waikiki Landmark1888 KalakauaHonolulu, Hawaii WaikikiSome Ocean Views   Uraku Tower1341 Kapiolani Blvd.Honolulu, Hawaii At Ala Moana Center  Some Ocean Views   Moana Pacific1296 & 1288 Kapiolani Honolulu, Hawaii Near Ala Moana CenterSome Ocean Views   Pacifica Honolulu1009 Kapiolani Blvd.Honolulu, Hawaii Near Ala Moana CenterSome Ocean Views   909 Kapiolani Condomini...
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By Hella Mitschke Rothwell, Hawaii & California Real Estate Broker
((831) 626-4000)
The Hokua Condominium at 1288 Ala Moana Boulevard, Honolulu, Hawaii This week I previewed five (5) of the large condominium complexes that are located at the Piikoi Street side of the Ala Moana Shopping Center. Yes, I walked the whole way to check distances and look at surroundings, nearby restaurants and services. The 41 story HOKUA consists of 248 units and was built in 2004. RESIDENTIAL UNITS:  From time to time, I will preview specific listings. For now, please click here for ACTIVE listings in the building. FACILITIES/AMENITIES: Infinity pool, row of Jaccuzzis, 5 enclosed BBQ cabanas. tennis/basketball area, playground, state of the art fitness center with locker rooms, steam and sauna rooms. Also a business center where owners can receive guests. Security system and guard. Pet fri...
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By Hella Mitschke Rothwell, Hawaii & California Real Estate Broker
((831) 626-4000)
Hawaiki Tower, 88 Piikoi, Honolulu, Hawaii 96814 This week I previewed five (5) of the large condominium complexes that are located at the Piikoi Street side of the Ala Moana Shopping Center. Yes, I walked the whole way to check distances and look at surroundings, nearby restaurants and services. The 46 story HAWAIKI TOWER consists of 417 units and was built in 1999. RESIDENTIAL UNITS:  From time to time, I will preview specific listings. For now, please click HERE for ACTIVE listings in the building. COMMERCIAL: Eight (8) commercial spaces including the KHON-TV Broadcast Center.  Joe Moore, widely known as the #1 news anchor in Hawaii is at KHON Channel 2. RETAIL SPACES: Two (2). FACILITIES/AMENITIES: Spa, swimming pool, lap pool, sundeck, tennis court, barbeque areas, landscaped garde...
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By Hella Mitschke Rothwell, Hawaii & California Real Estate Broker
((831) 626-4000)
Koolani Condominium, 1177 Queen Street, Honolulu, Hawaii 96814 This week I previewed five (5) of the large condominium complexes that are located at the Piikoi Street side of the Ala Moana Shopping Center. Yes, I walked the whole way to check distances and look at surroundings, nearby restaurants and services. The 48 story KOOLANI consists of 370 units and was built in 2005. RESIDENTIAL UNITS:  From time to time, I will preview specific listings. For now, please click here for ACTIVE listings in the building. COMMERCIAL: The Island Club and Spa at ground level will have its Grand Opening on July 24, 2013. It's beautiful, check out the romantic "couples" spa treatment. Memberships open to non-residents. www.islandclubandspa.com FACILITIES/AMENITIES: Pool, hot tub, golf putting, game room...
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By Hella Mitschke Rothwell, Hawaii & California Real Estate Broker
((831) 626-4000)
1350 Ala Moana Condominiums, 1350 Ala Moana Blvd., Honolulu, Hawaii 96814 This week I previewed five (5) of the large condominium complexes that are located at the Piikoi Street side of the Ala Moana Shopping Center. Yes, I walked the whole way to check distances and look at surroundings, nearby restaurants and services. The 33 story 1350 Ala Moana Condominium Complex consists of 354 units and was built in 1968. RESIDENTIAL UNITS:  From time to time, I will preview specific listings. For now, please click here for ACTIVE listings in the building. FACILITIES/AMENITIES: Whirlpool, swimming pool, barbecue grill, exercise equipment and recreation room NEARBY: Ala Moana Shopping Center: Across the street from the Ala Moana Shopping Center, the largest shopping mall in Hawaii, and 15th larges...
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