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Honolulu, HI Real Estate News

By Keahi Pelayo
(KU Realty)
January 23rd, 2009 categories: Honolulu Vintage Homes Those of you that have read my blog for a while know that I like Honolulu’s homes that have a vintage character.  Whenever I am on the road and find a home that I like, I snap a picture and post it here.  Too many times I see these beauties being torn down to make way for new “Mcmansions”. CLICK HERE TO READ THE ENTIRE POST.
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By Hawaii homes
(Century 21 iProperties Hawaii)
The famous Ilikai might be closing up in February 2009.  Before we laugh, remember that Aloha Airlines warned us about shutting down in 2008 and we shrugged it off.  A month later, Aloha closed up, just as they had warned. Why would the Ilikai close down?  It's difficult to get a clear picture of the complete situation from the media.  Some of the key factors are: - Brian Anderson, a developer on the Big Island has title to approximately 203 hotel/condo units plus commercial space at the Ilikai.  - Mr. Anderson's Anekona companies owe iStar FM Loans LLC about $75 million.  iStar is initiating foreclosure proceedings.  Anekona companies also owe the Ilikai Apartment Building Association approximately $1 million for delinquent electricity and maintenance fees. - The residential properties...
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January 22nd, 2009 categories: Honolulu Real Estate 101, Rants & Riffs With the recent approval of their master plan, General Growth Properties has taken another step toward revitalizing Honolulu’s Kakaako area.  The Honolulu Star Bulletin reported the following. CLICK HERE TO READ THE ENTIRE POST.
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Sailing Aboard the Historic Hōkūleʻa, Hawai'i's 'Bright Star'...    In celebration of my 100th post I thought I would share one of my latest adventures this past Tuesday, aboard Hawaii's most famous vessel, the Hōkūleʻa . Polynesian navigators, using only celestial navigation and environmental observations managed to navigate and colonize the great breadth of the pacific ocean a millenium before Westerners discovered longitude and could accurately travel the world's oceans. In the long process of proving these skills to those Westerners who doubted such know how existed, the Hokule'a was lovingly created.         Incredulous to the idea that Polynesians were superior sailors and navigators, many Westerners believed that Polynesian expansion throughout the Pacific was dumb luck and that ...
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By Robin McCann
(Robin McCann Realty)
Chaminade   University  has been recognized as a College of Distinction by Student Horizons, Inc. The recognition by this highly esteemed organization allows Chaminade University to be listed in the reknown college guide, Colleges of Distinction. Only 200 colleges in the nation have received this high honor. Colleges chosen for inclusion in the college guide must meet all four of the Colleges of Distinction criteria, undergo an application process and must be nationally recognized by the educational community. The colleges must also be valued by employers and graduate schools for outstanding preparation of its students. Chaminade University  proudly demonstrates the characteristics of Colleges of Distinction. The University provides innovative curriculum and offers special programs to i...
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As the Trump Inernational Hotel and Residences get nearer to their August-September completion the project located near the Billion Dollar Beachwalk renovation gains more and more popularity.  Anyone that has visted this Waikiki landmark knows that with bars and restraunts like the Yardhouse, Roys, Senor Frogs and soon to be built Hardrock Cafe and late night and early morning eatery Eggs And Things.....this is the prime Waikiki location.  Steps from Fort Derussy and the Army Historical Museum as well as one of the most insanely beautiful beaches on the planet.  Surfing, sailing, Kayaking dinner cruises, luaus, nightclubs...they are all just moments away from this 5 star Luxury Residence.  Email me for product availability and ammenities.  I specialize in luxury condominiums and beachfr...
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By David Buck, Realtor-Broker
(Harcourts Island Real Estate)
With the recent completion of the Sony Open Honolulu was featured as the backdrop on national television this past week.  As there were record breaking lows on the mainland, we've enjoyed beautiful sunny weather.  In case you were wondering what a home on Waialae Golf Course goes for, here's what's currently on the market:   Single Family   ML#: 2816190 stat Active     Lst: $2,495,000* FS - Fee Simple 1-3-5-043-021-0000 BR: 4 Baths: 3 / 0 959 Waiholo St   Liv: 3,162 Lanai: 805 Other: 1,265 WAIALAE G/C  Stories: One Land: 16,250 YrBt: 1959 Views: Golf Course Pool: In Ground Assd Imprv: $388,200 Prop Cond: Average Assd Land: $1,673,400 Frnt: Golf Course Assd Total: $2,061,600 2008 Prk: 3Car+ , Driveway , Garage Zoning: 03 - R10 - Residential District Tax: $565 Topo: Level Flood: AE Tot Mo...
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January 20th, 2009 categories: Rants & Riffs An article in today’s Honolulu Advertiser hints that Honolulu real estate property taxes could be on the rise.  HNA points to many issues, but among the major potential causes is a drop in assessed property values. CLICK HERE TO READ THE ENTIRE POST.
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By Richard Dolbeare, Living the Hawaii Lifestyle
(Inactive)
Wow, Gloria Estefan was in Hawaii and performed in Honolulu at the Blaisdell Arena Saturday evening!  There are few opportunities for shows and concerts in Hawaii which only added to the excitement of this event!  I was fortunate to get 2 tickets in front of the stage just 9 rows back and I enjoyed it immensely.  Gloria & The Miami Sound Machine performed for about 2 hours with no break then returned for a double-encore at the "demand" of the thrilled audience.  Overall, it lasted over 2 1/2 hours.  Gloria's teenage daughter was introduced and she proceeded to play some hair-straightening acid rock on the electric guitar and after that, went to town on the drums.  She is VERY talented for such a youngster and it's only my gray hair that caused me to cringe a little at the sounds coming ...
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January 19th, 2009 categories: Honolulu Real Estate 101 We learned everything we need to know about the direction of Honolulu real estate values in Economics 101.  It’s all supply and demand!  Too little supply and values rise.  Too much supply and they go down.  Too much demand and prices go up.  Too little demand and prices decline.  A recent Honolulu Advertiser article regarding the stationing of the new Virginia class submarines at Pearl Harbor means higher demand is coming. CLICK HERE TO READ THE ENTIRE POST.
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By Keahi Pelayo
(KU Realty)
January 16th, 2009 categories: Honolulu Vintage Homes Here is another home that is very near the University of Hawaii President’s home in Manoa. CLICK HERE TO READ THE ENTIRE POST.
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By Keahi Pelayo
(KU Realty)
January 15th, 2009 categories: Honolulu Vintage Homes Manoa is the hide out for many of Honolulu’s most interesting vintage homes. CLICK HERE TO READ THE ENTIRE POST.
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January 13th, 2009 categories: Honolulu Condominiums, Honolulu Real Estate 101 Here is a BIG thank you to Tim O’Leary, of Bank of Hawaii, for directing me to Hicondos.com.  In yesterday’s blog post, I informed you that lenders are now requiring a owner occupancy of 70% or more, if a buyer is using a down payment in a purchase of less that 20% of the price.  As I feared, there are not many Honolulu condos that can meet this level of occupancy. Below are 10 that do meet the guideline. CLICK HERE TO READ THE ENTIRE POST.
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January 12th, 2009 categories: Honolulu Condominiums In the good old days of the fast and easy availability of financing, a lender would make a loan on a condominium with an owner occupancy percentage above 50%.  Some lenders had a stricter guideline of 55%.  With all of the shifts in financing over the last half year, in cases where buyers are using a down payment of less than 20%, lenders are now requiring an owner occupancy percentage of 70%!  To find a Honolulu condo with this high of an owner occupancy level is very rare. CLICK HERE TO READ THE ENTIRE POST.
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January 8th, 2009 categories: Honolulu Real Estate 101, Rants & Riffs A Wall Street Journal article about Chicago condominium sales translates beautifully to the Honolulu real estate market. “However, I quickly discovered that a 10% drop in Chicago didn’t necessarily translate into a similar decline in the neighborhoods where we wanted to live, where prices have held relatively steady. CLICK HERE TO READ THE ENTIRE POST.
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By Barbara Abe
(East Oahu Realty)
For 2008, real estate sales in Hawaii Kai showed mixed results.  161 homes sold in the community in 2008, compared to 229 in 2007, a decrease of 29.7%.  Median sales price, however, decreased only 2.9%, to $850,000 from $875,000. Here's the most expensive home sold in 2008:  a gorgeous remodeled oceanfront home on 0.67 acres, with 6 bedrooms/4.5 baths, 5869 sq ft interior, sales price $6,400,000, in the Hawaii Kai neighborhood of Koko Kai.  The lowest sale was in Kalama Valley, a neighborhood "over the hill" from the main part of Hawaii Kai, generally without views, close to Sandy Beach and the Hawaii Kai Golf Course.  This home was a "fixer" of 3 bedrooms/2.5 baths, 2008 sq ft on a 6,465 sq ft lot, sales price $512,000. Visit the Neighborhood page on my web site and request a full repo...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
Questions for Kimo: Our family is re-locating to Hawaii and we are wondering where's the best place to learn about Hawaiian culture? In my opinion the best and most family orientated place to learn about Hawaiian culture is the Bishop Museum, located at 1525 Bernice Street, Honolulu, Hawai'i 96817  Phone: 808.847.3511. The Museum is located in Palama just off the Like Like and H1 Highways. It's a little bit out of the way for tourists and new comers but it's well worth the trip for visitors and locals alike.    "The Bishop Museum is the largest museum in the state and the premier natural and cultural history institution in the Pacific, recognized throughout the world for its cultural collections, research projects, consulting services and public educational programs. It also has one of ...
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By sean Remos, Financial Wellness for You!
(USF Mortgage Services)
man! Someone stole my website! I had to get anothe one!  Sucks!  But I just updated my loan officers and info on my new website.  I was actually a victim of website theft. Someone logged on my account and changed the owner so I could not access my own website. They then waited until it expired and bought it.  Hoping I would go to my website and buy it back from them for thousands of dollars! Messed up! Anyway. So I found out the hard way that you should have the business account setting that perserves your anonymity and allows for better privacy so no one steals you I have a new site now just changed the .com to .info .  Just thought you might want to check it out. Aloha sean remos 808-282-4666 loandocter@yahoo.com
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By Robin McCann
(Robin McCann Realty)
If you enjoy anything "under the sea" or have ever wanted to be a marine biologist, then this is the perfect opportunity for you. The Waikiki Aquarium invites you to its free hands-on training sessions January 13th - 29th. Training sessions will be held on Tuesdays, Thursdays, and Saturdays. Saturday sessions will be held at 9 a.m. until noon. Tuesday and Thursday session will be held from 6:30 p.m. - 9:00 p.m. Those attending the training will learn about the various species and their habitats which are on exhibit at the Aquarium. In addition, they will learn about Hawaii 's ocean ecosystem, rare species and how to help protect marine life for generations to come. Volunteers to the Waikiki Aquarium not only receive a fine education about Hawaii's ocean ecosystem, they also receive othe...
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By Keahi Pelayo
(KU Realty)
January 7th, 2009 categories: Rants & Riffs Pacific Business News reports that the bright spot in Hawaii tourism is time shares. “Amid all the gloom evident in Hawaii’s tourism industry, one business is still growing: time shares. CLICK HERE TO READ THE ENTIRE POST.
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