honolulu 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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honolulu 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)
honolulu 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)
honolulu 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)
honolulu real estate: The Cove Waikiki is officially sold out!
- 04/02/13 04:14 AM
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!! … (2 comments)
honolulu real estate: Oahu Real Estate Market Update for February 2013
- 03/17/13 06:24 AM
Aloha, Coldwell Banker provides this monthly market report for its agents to share with their clients. Here is the latest! Oahu’s condo market continued its surge in February with an increase in sales prices and sales volume, while the single-family market eased off slightly. The Median Sales Price of a condo on Oahu marched to its highest level in two years — to $340,000. With inventory in this segment down nearly 27 percent, and affordability high, the condo market’s slow but steady monthly increases are a sign of market strength. Median Days on the Market for condos were also down significantly in February … (2 comments)
honolulu real estate: Your Simple Guide To Preparing Your House To Be SOLD!!
- 02/10/13 02:09 AM
Your Simple Guide to Preparing Your House To Be SOLD! So you are planning to sell your house. Of course you want top dollar right? Here are a few tips on preparation to get it ready to be shown and sold. Approximate Time Required: 7-14 days Here’s How: De-Personalize and Emotionally Detach From Your Home: *You need to make the mental and emotional decision to “let go”. Look forward to the future and remember why you are selling. *You should go to your local packaging/box store and purchase boxes that you will be able to store the things you plan to … (0 comments)
honolulu real estate: The Cove Waikiki-New Condominium Complex Update
- 02/06/13 02:12 AM
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. … (0 comments)
honolulu real estate: Oahu Real Estate Market Update for November 2012
- 12/13/12 10:45 AM
Aloha Everyone, This is a monthly report from Coldwell Banker Pacific Properties for agents to share with their sphere. I hope that you benefit from this.It's very likely that when you hear "Home for the Holidays", you think of being with family and friends, enjoying all that this season has to offer.Home for the Holidays this year may also bring to mind the dream of buying your first home, sizing up or down to a more suitable home, or even buying an investment property. That's because this holiday season, the real estate market is as active as Santa and his elves.Virtually … (0 comments)
honolulu 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)
honolulu 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)
honolulu real estate: Oahu Real Estate Market Update for May 2012
- 06/15/12 04:31 AM
This is an article that Coldwell Banker Pacific Properties supplies to their agents. I would like to share our Oahu Monthly Market Update for May with you! Lila In May 2012, sales of single family homes were exactly the same as sales in May 2011. The number of condominiums that sold in this period was up 12.4%. With the increase in pending sales and an inventory of single family homes that is down 19.5% from May 2011, demand for your home could be extraordinarily strong. If you’re planning to sell, it’s your time to act. There are also opportunities for buyers, … (0 comments)
Whether you are looking to enjoy Hawaiian music at sunset, an evening show with the family, dining and dancing, there is something to fit your every desire. Surf, sand, sunbathing and shopping in Wakiki attracts visitors from all over the world. There are tropical sunsets, pristine white sand beaches, and more. Waikiki is truly the playground of the pacific. Then there is elite living! Imagine basking in the sun and tinkling your toes in this infinity pool at the Trump Tower Waikiki! What more is there to say. The best of the best for the privileged and wealthy. I present to … (0 comments)
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