oahu real estate: Oahu Home Sales and Prices Up in February While Condos Were Down - 03/25/12 08:38 AM
Oahu Home Sales and Prices February was a strong month for the single family home market on Oahu. Prices were up 9.6% to $625,000, while sales were up 19% to 217 island wide.
Sales of homes (that sold) moved briskly with an average of just 34 days on market! Keep in mind, there are many, many homes that have not sold. Those that are withdrawn and expired aren’t factored in to these stats. It does go to show that we have a healthy market here. Homes that are priced well aren’t on the market much more than a month.
Oahu Condo … (0 comments)

oahu real estate: Oahu Sales and Prices Take a Hit in May - 06/08/11 08:14 PM
Resales of single family homes and condos on Oahu continued April's downward trend of fewer transactions in the marketplace.
 
The bad news first:
Single family home sales were down 15.3% and condo sales were down 10.3% in May. Median prices also stumbled from last year with home prices down 0.8% to $595,000 and condos down 4.9% to $290,000.
Now, the good news:
Although April and May's figures were not as strong as last year, both outpaced 2009's figures. In addition, we are on track for a strong healthy summer as pending home sales are up 22.2% for homes and up … (0 comments)

oahu real estate: Oahu Beaches Make Top 10 List in America - 06/02/11 08:38 PM
Dr. Beach came out with his annual Top 10 Beach List and Oahu was the only Hawaiian island to make the list at the #3 and #9 spots.

Duke Kahanamoku Beach took the #3 spot
Duke Kahanamoku Beach fronts the Hilton Hawaiian Village in Waikiki. The boundaries are the pier on the east side and the Ala Wai Boat Harbor on the west.
It's a great stretch of beach that isn't as crowded as the main beach in the heart of Waikiki. Fee simple condos can be found just west at the Ilikai as well as the Ilikai Marina, where … (2 comments)

oahu real estate: Canadians Snapping up Hawaii Real Estate - 05/21/11 10:35 AM
For 2010 and 2011, Canada has taken over for Japan as the #1 foreign country investing in residential real estate in Hawaii.

I had the opportunity to hear Dr. Michael Sklarz of Collateral Analytics speak today at the Hawaii Convention Center about foreign real estate investment. He had some interesting data that he was able to compile with the help of Title Guaranty.
For the state of Hawaii, Canadian investment in real estate has by far surpassed other foreign countries over the past few years. Over the past decade or so, the Japanese have been averaging 250-300 purchases/per year. Canadian investment … (2 comments)

oahu real estate: Honolulu Unemployment Rate 8th Lowest in the Nation - 04/11/11 08:31 PM
Prior to the current recession, Honolulu at one point had the lowest unemployment rates in the nation.

Back then, we were hovering in the 2% rate of workers being unemployed. Although 5.2% is much higher, we are also significantly lower than the national average.
According to the latest numbers from the U.S. Bureau of Labor Statistics, Honolulu's unemployment rate is now the 8th lowest in the nation. Lincoln, Nebraska had the lowest rate at 4.2% followed by Bismarck, North Dakota and Ames, Iowa. That's great for those cities, however, I'm not quite sure if I'd want to live there...
I don't think … (0 comments)

oahu real estate: Does a Photo of Your Realtor Sell Your Home? - 03/23/11 08:02 PM
If you were to sell your home on Oahu, which picture would you prefer be advertised?

A. or B.?
I've noticed, more and more, you see Realtors advertising themselves instead of the homes their clients hire them to sell. The Star Advertiser in Honolulu is out of control. If I were a consumer looking through the Sunday paper here for a property to buy, it's very difficult to tell what is what. There are many more photos of Realtors than there are properties for sale. From a visual standpoint, it's become more of a "Who Has the Best Photo of Themselves" section … (10 comments)

oahu real estate: Hawaii Life Open for Business in Kahala on Oahu - 03/07/11 02:37 PM
I am proud to say that Hawaii Life has an official "brick and mortar" presence on Oahu.

On February 18th, we opened our new office in the heart of Oahu's luxury real estate market - Kahala. We've come a long way...I was the first agent to join Hawaii Life in the fall of 2009. Since then, it's been a rocket ship of a ride!
The excitement, energy, productivity, innovation, and leadership that comes along with this company has made it an incredible journey so far. And guess what? We're only getting started! We're now up to a dozen agents on Oahu, with three … (0 comments)

oahu real estate: Oahu Home Sales Up and Prices Down - 02/20/11 03:36 PM
The Oahu real estate market started the year off with a jump in sales and a dip in prices.

In January, there were 199 single family home sales on Oahu, which was up 11.2% from last year. Condo sales were also up 9.5%. Volume increases are typically signs of a healthy market and can often be a precursor to price increases. However, this month we saw a dip in the median sales prices. Single family homes were down 4.2% to $570,000 and condos were down 2.7% to $291,000.
What neighborhoods were hot in January?
Home sales in Makiki-Moiliili were up 300% … (0 comments)

oahu real estate: Is Cash Really King on Oahu? - 01/27/11 09:23 AM
Haven't you heard the term before that says, "cash is King?"

I've often bought into that theory and do have to agree there's nothing like doing a cash transaction with a quick closing. We all know that financing these days is not what it used to be. Banks are more stringent on their underwriting. It's also hard to get comps in slower markets.
I had an interesting discussion with our Kauai Broker in Charge, Anthea Adair, a few months ago. She was asking what percentage of transactions on Oahu are cash. I knew that certain products such as vacant land, construction … (2 comments)

oahu real estate: Oahu Real Estate Market Finishes Strong in 2010 - 01/11/11 10:24 AM
The Honolulu Board of Realtors recently released their stats for December and year end for 2010. Both sets of data ended on an upswing.

Oahu Single Family Home Sales in December:
There were 306 sales, which was up 12.5% from December of 2009 The median sales price was $587,000, which was up 5.8% from December of 2009   Oahu Condo Sales in December:
There were 341 sales, which was down 2.6% from December of 2009 The median sale price was $303,000, which was up 0.2% from 2009 Oahu Single Family Home Sales for Year End:
There were 3,051 sales, which was … (0 comments)

oahu real estate: Two Great Gold Coast Listings at Diamond Head on Oahu - 01/11/11 10:20 AM
I am proud to announce we have two listings at the Diamond Head Ambassador on Oahu's Gold Coast.

Diamond Head Ambassador #502 (MLS# 1015476) is listed for $595,000
The Diamond Head Ambassador is one of the coolest buildings on the Gold Coast due to its unique architecture. Built in 1959, the building was originally called the Diamond Head Ambassador Hotel and used to sit on leasehold land.
Fortunately, these Co-op units are now are on oceanfront fee-simple land. In addition, this is only one of a few buildings on the Gold Coast that have a swimming pool. There's a mix of studios, 1 bedroom and … (0 comments)

oahu real estate: Honolulu Marathon another Success - 12/13/10 02:34 PM

The Honolulu Marathon was another success yesterday. Here's a photo I shot as the leaders passed by Diamond Head on their way towards the finish. As you can see, it was still pitch black with the sun rising in the distance... For those that weren't running around 2 hours, there was some great Luxury Real Estate to View along the course.
(1 comments)

oahu real estate: Forbes Ranks Honolulu as 3rd Safest City in U.S. - 10/14/10 09:00 PM
Forbes magazine recently ranked the safest cities in the U.S. and Honolulu came up #3!

According to Forbes, Honolulu is considered to be one of the safest cities in the U.S.
Plano, Texas took the top spot, followed by Portland, Oregon in second. Who would want to live there though? Just kidding...Really though - when you think about it - where else would you want to be that is safe, has clean air, beautiful weather all year, and is a lot more affordable than you think? Contact me to start living your Hawaii Life in Honolulu today!
(4 comments)

oahu real estate: I Can Only Sell What I Believe In - 10/07/10 07:25 PM
Change is never easy. Have you ever had someone try and get you to sell something to your friends and family and paint a picture of how you can make a ton of money overnight and you'll never live paycheck to paycheck again?

There are tons of multi-level marketing companies out there that breed on people looking to make a "quick buck." I could never see myself trying to sell something to others around me that I don't believe works. Read entire post →
(6 comments)

oahu real estate: Waialae-Kahala Market a Bright Spot among low Oahu Volume - 03/08/09 02:25 PM
February of 2009 continued right where January left off.  We had 129 single family homes and 160 homes close last month.  Our year to date volume is down 53% from last year.  In order to find similar numbers, we have to go back to around 1995-1996 which many can argue was the bottom of the previous down market.  Our median sales price was $555,000 for single family homes and $297,000 for condos.  The last time we had these prices were early 2005 for homes and mid 2006 for condos.  Our days on market for homes are 69 and 70 for condos, … (0 comments)

 
David Buck, Realtor-Broker (Harcourts Island Properties) Rainmaker large

David Buck

Realtor-Broker

Honolulu, HI

More about me…

Harcourts Island Properties

Address: 3465 Waialae Ave., Suite 230, Honolulu, HI, 96816

Office: (808) 371-3509

Mobile: (808) 371-3509

Email Me

Hawaii Real Estate through David Buck, a Realtor in Honolulu, Hawaii. Insights to real estate market trends, housing, economy, statistics, and where the Honolulu or greater Oahu real estate market is headed.


Listings

Links

Archives

RSS 2.0 Feed for this blog