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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 )
 This year’s festival will take place on April 27th from 10 am to 2 pm. This will be the 9th annual festival and will officially start after an opening ceremony by students of Ka Papa Lo‘i ‘o Kānewai. The day will follow with exciting guest speakers, ukulele performance, bird tours, spotting scopes, painting with Patrick Ching and much more.  Also making its first debut is a life size Manu o Kū, Ranger Rick, and Hina, the Monk Seal.  Grab a passport and participate in the exciting learning activitiesprovided by participating groups and agencies, all focused on native species, with the Manu o Kū as their ambassador for the day.The Manu O Kū Festival is an annual event usually held in May to coincide with theUS Migratory Bird Treaty Act.  The Festival takes place on the stately Coronation...
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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 Hella Mitschke Rothwell, Hawaii & California Real Estate Broker
((831) 626-4000)
Marco Polo Apartments - 2333 Kapiolani Blvd., Honolulu, Hawaii 96826 The 568 unit Marco Polo apartment building located on approximately 5 acres on the Ala Wai Canal on the mountain side (or "Mauka") of Waikiki, was an instant hit with local residents back in the early 1970s when it was completed. A friend of mine who worked in the tourism industry purchased a unit early on because he wanted to be near his office but not actually live in Waikiki. I think a lot of others purchased there originally for the same reason. Now apartment owners consist of people from all over the world, some who live there, many who keep it as a second residence, and others who own it for rental income. I visited the 36-story Marco Polo the other day, and it is still a wonderful, well-maintained apartment comp...
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By Hella Mitschke Rothwell, Hawaii & California Real Estate Broker
((831) 626-4000)
Today, I spent the afternoon looking at condominiums and townhouses for sale in Hawaii Kai near Koko Head and Hawaii Kai Marina. Sunday is a day for "open houses" between 2 & 5 PM and you would think there would be quite a few to look at. BUT NOT SO. Just like everywhere else in Hawaii, the inventory may be high overall - there are over 3,000 condominiums actively for sale on Oahu according to my search on the Honolulu Board of Realtors - but they go under contract very fast. Usually the agents hold a "brokers open" during the week right after the new listing hits the MLS. Chances are, if it's a desirable building and the price is right, it goes under contract within days. Today, I looked at one townhouse and one condomium development and will show some photos here where there was curre...
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By Hella Mitschke Rothwell, Hawaii & California Real Estate Broker
((831) 626-4000)
I was asked to attend a meeting of the "One Billion Rising" Honolulu group yesterday to be held at Ala Moana Park to discuss next February 14, 2014's event. I am sure you have heard of them, but to know more, please click here http://www.onebillionrisinghonolulu.com - I will be writing more about them in the future. So there we were scouting sites for their "dance" and I had a good look around. That park was filled with families having picnics and BBQs. At first I attributed it to being Friday evening, the end of a workweek and the start of a weekend. But no, THEY WERE WAITING FOR THE HILTON HAWAIIAN VILLAGE'S WEEKLY FIREWORKS AT 8PM By the time the fireworks started at 8:00 PM, my group of friends and I had moved closer to the fireworks, namely the Chart House, on the second level over...
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By Hella Mitschke Rothwell, Hawaii & California Real Estate Broker
((831) 626-4000)
Today, on King Kamehameha Day in Hawaii, I am launching my new Hawaii broker's website - but softly! www.HellaHawaii.com There is still so much I want to add to the website: more photos and descriptive copy for each island. There is still "boiler plate" information in there. Certain apps are not available yet by WEBSITEBOX but will be shortly: (1) The "BLOG" feature and  (2)"Client LOGIN". The MLS Matrix system is totally new to EVERYONE at the Honolulu Board of REALTORS® and the MAPS don't quite function right. As soon as I master the Honolulu Board of REALTOR® MLS, IDX and whatnot, I will be connecting the full IDX of the other islands as well. So searches may be a little sparse on the neighbor islands right now, BUT IT WILL COME. MY MESSAGE: I want to bring a totally new level of ser...
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By Gary Allalouf, American Dream Realty LLC.
(American Dream Realty LLC.)
Your agent has two main functions: the first is to find you the home of your dreams (or at least something close); the second is to negotiate the best deal for you. You want an agent who is compatible enough with your personality, who works easily with you, so that he or she will know what you want and find it. At the same time, you want an agent who, once you've found the right home, is aggres­sive enough to go out there and get the seller to accept an offer favorable to you. One of the biggest complaints that I hear about agents is that they can sometimes be overly assertive. I've talked with buyers who have said that some of the agents they've dealt with seemed to have their own agenda. If the buyers rejected property after property, the agent would become increasingly irritated. The...
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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 April 2013. Stats are for both single family homes and condos on Oahu, Maui, Big Island, Kauai, and statewide.       Also feel free to check out:  http://www.prudentiallocations.com/news/default.aspx  
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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 March 2013. Stats are for both single family homes and condos on Oahu, Maui, Big Island, Kauai, and statewide.     Check out for further info: http://www.prudentiallocations.com/real-estate-reports-embed.aspx  
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By Lila Marino-Camacho, RA - Windward Oahu (Kailua-Kaneohe) & Relocation S
(BERKSHIRE HATHAWAY HomeServices Hawai'i Realty)
    Aloha,

 Coldwell Banker Pacific Properties shares this monthly update with their agents to distribute: The news just keeps improving. Home sales are up in the market — way up! The latest monthly data shows the number of condominium sales that closed this March increased by 73.1 percent from a year ago. 585 transactions closed in March of 2013 compared to 338 transactions that closed in March of 2012 – that’s 247 more transactions.

The pace of sales has also significantly improved. Single-family homes are selling in half the time — 22 days this March as compared to 44 days a year ago. Condos are selling in less than half the time — 15 days this March as compared to 39 days a year ago.

According to statistics collected by the Honolulu Board of Realtors, pending sales in both catego...
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By Lila Marino-Camacho, RA - Windward Oahu (Kailua-Kaneohe) & Relocation S
(BERKSHIRE HATHAWAY HomeServices Hawai'i Realty)
I have included the previous article along with the updated announcement that the Cove Waikiki is officially sold out. The ground breaking ceremony was a night to celebrate!!     Web Version  |  Update preferences  |  Unsubscribe         Like     Tweet     Forward         Info   •   Sold Out!   •   The Cove Waikiki Ground Breaking   •   The Condo Market Takes the Spotlight   •   Dynamic Market Prices     CONTACT   The Cove Waikiki The Cove Waikiki is Hawaii’s newest residential community for those who want to live in the heart of Honolulu. Located near world-class shopping, schools, beaches and parks, The Cove Waikiki is your destination for life.       Sold Out! We are thrilled to announce that the Cove residences are all sold out!  What a wonderful mix of homeowners it has turned out...
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By Yvonne Jaramillo Ahearn, Esq. (B), REALTOR-Broker, CRS, GRI, ABR CLHMS
(Hawaii Life Real Estate Brokers)
You'd think that Saint Patrick's Day might not be a popular holiday in Hawaii, but that's not the case.  There are several St. Patrick's Day Celebrations in Honolulu today.   Photo By Phyzome under the GFDL. (Phyzome) [GFDL (http://www.gnu.org/copyleft/fdl.html) or CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0/)], via Wikimedia Commons In Waikiki, there is the 46th Annual St Patrick's Day Parade, sponsored by The Friends of St. Patrick Hawaii. This starts at noon and goes until 3 pm and goes down Kalakaua Avenue, from Fort De Russey to Kapiolani Park. There is an after-party at Kelly O'Neill's on Lewers Street in Waikiki, from 1:30 on. And if you really want to party, there's always Chinatown, near Downtown Honolulu.  This is the spot for the 2013 Annual St. Patrick’s Day ...
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By Yvonne Jaramillo Ahearn, Esq. (B), REALTOR-Broker, CRS, GRI, ABR CLHMS
(Hawaii Life Real Estate Brokers)
I saw a beautiful new Portlock Hawaii Kai Listing for Sale at broker's open today: 444 Portlock Road in Hawaii Kai. This Portlock luxury home is a modern craftsman-style, wood home with 6 bedrooms and 5 baths. It has a potential to be split into a main home and 2 rental units, the way it is configured.  It has a great indoor outdoor kitchen area and a huge living area for entertaining.  The kitchen appliances are stainless and high-end, even with a built-in espresso maker and wine storage room.  This modern craftsman-style home is an unusual design, as it has a loft area above the living space. The Hawaii Kai luxury home home is owned by an expert carpenter and his fine work shows in the home. This Portlock home is actually a lot more beautiful in person than it is in the photos. (Conti...
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By Lila Marino-Camacho, RA - Windward Oahu (Kailua-Kaneohe) & Relocation S
(BERKSHIRE HATHAWAY HomeServices Hawai'i Realty)
The Cove Waikiki started pre selling December of 2011. Last month, I received an email from one of my clients that I have been working with for around a year or so. They decided to walk into the sales office of the Cove Waikiki to preview the spec condo and spoke with one of my colleagues about the possiblilities of purchasing. I have encouraged them in the past to see what the Cove had available, but they preferred to preview other existing condos in the area. So it was a pleasant surprise that they walked into the sales office. We set an appointment to meet at The Cove Waikiki Sales office, and they reserved a unit of their choice right on the spot. They are so excited to own a NEW condo Waikiki for under $500,000. To date, there are only a handful of units left to sell.  So if anyone...
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By Hawaii homes
(Century 21 iProperties Hawaii)
Kaimuki is one of those Honolulu neighborhoods that so many people wish to be a part of.  It's right in town, adjacent to and less expensive than Kahala.   Buyers are always looking for good deals and I check the listings of various neighborhoods everyday.  Today I noticed that everything for sale in Kaimuki is in escrow - there are NO Active listings! Here's a comparative market analysis run today. What happens when there are no homes for sale in a popular neighborhood?  Prices go up. Kaimuki homeowners, if you are thinking about selling, now is a good time!  Want to talk about it?  Call me at (808) 548-1220. Aloha, Mike Michael Bates (RA) Shirokiya Residential Estates 1585 Kapiolani Blvd #1533 Honolulu, HI 96814
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Mele Kalikimaka is the thing to say on a bright Hawaiian Christmas Day...Aloha Mai Kakou! As the bustling and hustling of the Holidays moves into full tilt please take a moment to use your purchasing powers to support institutions that might not find there way to the top of your holiday giving list. If your looking for that special gift why not Buy Local and Give Aloha! In the spirit of the giving season please support `Iolani Palace by giving the gift of Aloha with a beautiful 'Iolani Palace Ornament celebrating the Makahiki season and Kalikimaka(Christmas). Hawaii has always been an amalgam of of diverse peoples of distant origins; crossing the vast ocean to call our remote archipelago home. 'Iolani Palace located in downtown Honolulu, Hawaii holds a special place in the hearts and mi...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
October statistics provided to be another strong month for Sellers on Oahu. The median home price was up 7.9% to $625,000 and the median condo price was up 6.6%. What’s even more impressive is the sales volume with home sales up 26.5% and condo sales up 32.4% from last year!Halloween in Honolulu this year felt like summer in more ways that oneOahu Shows Strong Signs of Seller’s MarketThe real estate sales and weather we experienced last month felt as if summer never ended. In addition to strong buyer traffic, we had some of the hottest days of the year. It’s as if summer hit us late in more ways than one. My gut feeling is the hot sales (and weather) can’t last forever though. October saw the first increase in days on market for homes (up from 26 to 36 days) in 3 months. It was also the...
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By Hawaii homes
(Century 21 iProperties Hawaii)
Kenton Kuwada passed away on Friday, October 19th, 2012.  According to news reports, he was driving on Kaukonahua Road, also known as "Snake Road," one of the more dangerous roads on Oahu.  His passenger, a woman in her 70's survived the accident, which occurred around 10:30 a.m. According to police reports, the accident was caused by another driver who crossed the center line and collided with the Toyota pickup truck Kenton was driving. Kenton attended the University of Hawaii at Manoa in the early 1980's and lived at Anuenue dormitory for a semester or two.  I remember meeting him around the fall of 1982 and hanging out with the other guys in the dorm. Back then the legal drinking age was 18 and we used to go to the bars in Waikiki and Moiliili.  The UH dorm parties at the Manoa campu...
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By Douglas Fischer
(East Oahu Realty - Selling Honolulu, Hawaii Condos)
My Favorite Waikiki Condos:  Waikiki Shore Waikiki Shore is a Fee Simple hotel/cooperative and is the only only condominium in Waikiki in which you walk out the back door and you're on the beach!You can’t ask for better, unobstructed views of the Pacific Ocean and Waikiki.With such a prime tourist location and high occupancy rates, this is an ideal building for vacation rentals.Located on the edge of Ft. DeRussy Park, although Waikiki Shore lacks amenities, the park offers acres of open space, public tennis courts, racquet ball, barbeque grills, exercise stations and more.    View Waikiki Shore Building Configuration and Floor Plans View Photos of Waikiki Shore View Current Condos for sale in Waikiki Shore
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By Douglas Fischer
(East Oahu Realty - Selling Honolulu, Hawaii Condos)
My Favorite Waikiki Condominium Buildings: Trump Tower Waikiki Trump Tower and Hotel is located at the corner of Kalia Road and Saratoga Road, adjacent to Fort De Russy Park, now the cornerstone of the new $1 Billion Beach Walk Redevelopment Project.Trump Tower Waikiki offers full ownership condominiums complimented by an amazing full service luxury hotel and residences on the shores of Waikiki. A full range of floor plans is available from studios to penthouses, complimented by an architectural design of sophistication and elegance. The building reaches 38 stories, and also includes 6,500 square feet of dining and retail space as a part of the billion dollar Waikiki Beach Walk revitalization. One, two and three bedroom configurations are available and range from 350 square feet to 3,00...
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By Douglas Fischer
(East Oahu Realty - Selling Honolulu, Hawaii Condos)
My Favorite Honolulu Neighborhood:  Ala Moana The Ala Moana neighborhood is just west of Waikiki, across the Ala Wai Canal. Mainly known for it’s Ala Moana Beach Park and the world famous Ala Moana Shopping Center as well as the Honolulu Convention Center, there is also closeby Ward Center with plenty of retail and restaurants, as well as Walmart and Ross stores.   As for real estate, the neighborhood offers primarily luxury highrise condos, where you’ll find such sought after buildings as Yacht Harbor Towers, Nauru Tower and Hawaiki Tower, as well as the newly built Ko’olani and Hokua. Many of these fine condos offer amazing views of the beach park, ocean and city. Here are up to date, current listings for the Ala Moana neighborhood of Honolulu.
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By Douglas Fischer
(East Oahu Realty - Selling Honolulu, Hawaii Condos)
My Favorite Honolulu Neighborhood:  Palolo Palolo is a quiet residential neighborhood in a valley that’s roughly 2,500 acres bordered by Waialae Avenue in the Kaimuki neighborhood. Palolo is also nearly adjacent east to the Manoa Valley. Filled with lush green vegetation, some of the most expensive homes in Oahu are located here with terrific ocean and hillside views. Elevation is higher here, so more rainfall is normal. Palolo is very convenient but is a relatively unknown community. Located less than four miles away from downtown Honolulu and about a mile away from the Diamond Head landmark, Palolo Valley is split between a fairly dense residential region and an agricultural region close to the mountains. Palolo stream bisects the valley, and the Koolau Mountain Range borders Palolo t...
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