The same ‘ole story has finally changed. After almost of year of writing articles on how our sales volume is increasing on Oahu, July was the first month where we didn’t outpace the previous year’s overall numbers. Single family home resales just barely outpaced July of 2009 by two sales, while condo sales were down from 343 to 320.
David Buck, R, BIC
David was born and raised in Hawaii, growing up on both Oahu and Maui. He is a 2nd generation real estate professional and 3rd gereration businessman in Hawaii. He graduated from Punahou School and went on to earn his degree in Environmental Analysis and Design from the University of California at Irvine. His hard work didn't stop there. He went on to become a Honolulu Firefighter. After 7 years of two careers "putting out fires" figuratively and literally, David made the decision in 2007 to sell real estate full time. However, he still carries on the Honolulu Fire Department's motto of Pride, Service and Dedication to servicing his clients' needs.
Oahu Home Sales Down, While Median Price Up to $605,000
Posted by David Buck, R, BIC on August 19th, 2010 |
Tags: Homes, Kahala, Kaneohe, Nuuanu, Oahu, Sales Stats, Wahiawa
$1M Reduction on Ko Olina Beach Villas – Only 2 Developer Units Left
Posted by David Buck, R, BIC on August 19th, 2010 |
Tags: Beachfront, Condos, Deals, For Sale, Hawaii, Ko Olina, Luxury, Oahu, Price Reductions, Villas
Here’s your last chance to buy a developer unit at the Beach Villas at Ko Olina!
Only 2 units remain after two mega-sales events. Both happened to fall out of contract and now is your opportunity to jump on these deals
1. Beach Tower Villa #210
This 2 bed, 2 bath Dendrobium floor plan 2nd floor unit is on the beach and ocean front and is the only remaining of 14 exlusive oceanfront units!
- 2009 List Price: $2,800,000
- Current Asking Price: $1,799,999 (-$1,000,001) More »
Oahu Home fit for Lifestyles of the Rich and Famous
Posted by David Buck, R, BIC on July 26th, 2010 |
Tags: Gated Community, Hawaii, Hawaii Loa Ridge, Life, Luxury, Oahu
Do you remember the show “Lifestyles of the Rich and Famous“? Well, this Oahu home (MLS # 1000903) on Hawaii Loa Ridge once belonged to its producer:
1133 Ikena Circle (MLS # 1000903) is available for $11,500,000
Al Masini, who produced “Lifestyles of the Rich and Famous” and “Baywatch” was the previous owner of this home, which sold for a record at the time (for non-oceanfront) $9,400,000 in 2001. There have been several non-oceanfront homes that have sold higher since More »
More Oahu Homes Selling in Less Time in June
Posted by David Buck, R, BIC on July 22nd, 2010 |
Tags: Downtown, Homes, Honolulu, Moanalua, Nuuanu, Oahu, Sales Stats, Wahiawa, Windward Coast
The first half of 2010 on Oahu has been a “healthy” market to say the least.
Last month I wrote about how more homes were selling faster at higher prices in May of 2010. June continued the trend of increased volume and less days on market, however prices were somewhat flat.
Sales Volume was up 8.4% for Homes and 38% for Condos!
Homes that Sold on Oahu averaged only 32 Days on Market, while Condos averaged 31 Days. This is phenominal when you compare to the rest of the United States!
Prices were relatively flat with Median Sales Prices up .9% for Homes and down 3.2% for Condos
What does this all mean? Buyers are realizing that the market may be bottoming out More »
$2 Million Reduction on Diamond Head Oceanfront Home
Posted by David Buck, R, BIC on July 16th, 2010 |
Tags: Diamond Head, For Sale, Hawaii, Homes, Luxury, Oahu, Oceanfront
Diamond Head has typically been an area where homes have held their values over the last few years and there haven’t been too many “bargains”. However, for those that have cash, now is your chance!
Previous Price: $8,900,000
Current Listing Price: $6,900,000 (-$2,000,000)
3047 Kalakaua Ave. (MLS # 1003547) has been on and off the market for a few years now. It was completed in 2008 by Homeworks Construction and asking prices have been as high as $14,995,000! Although overpriced back then, today’s price is looking really attractive. Not only are oceanfront homes at Diamond Head rare, those along the Gold Coast are even rarer as most of the real estate is taken up by highrises. For more photos and an interactive floor plan click here.
Looking for New Construction on Oahu?
Posted by David Buck, R, BIC on June 30th, 2010 |
Tags: For Sale, Homes, Luxury, Marketing, MLS, New Construction, Oahu
If you’re looking for New Construction Homes on Oahu, it’s really tough to find a good resource. A number of the homebuilders and developers market their own product seperately outside of MLS. So, where do you start?
198 Kokololio Place (MLS # 2915630) above is listed for $2,580,000
Here’s a gallery of Oahu New Construction Homes I put together, which consists of homes built in 2010 and others to soon to be completed. More »
Oahu Real Estate: Selling More and Faster, and at Higher Prices
Posted by David Buck, R, BIC on June 24th, 2010 |
Tags: Oahu, Sales Stats
Many leading indicators last month from the Honolulu Board of Realtors statistics show our market on Oahu has been heating up for the summer.
Selling More: Single family home sales were up 31.5% in May and condo sales were up 35.5% compared to 2009.
Selling Faster: Homes only took 27 days on the market to sell, while condos took 28 days on the market. This is a big difference from 47 and 52 days, respectively, in 2009.
Higher Prices: The median sales price for homes was up 11.8% to $606,000 and condo prices were up 4.2% to $312,500.
Oahu’s Most Expensive Homes
Posted by David Buck, R, BIC on June 23rd, 2010 |
Tags: For Sale, Hawaii, Hawaii Kai, Homes, Luxury, Oahu, Portlock
Forbes Magazine released their article recently on America’s Most Expensive Homes. Oahu made the list this year, where the Kaiser Estate (MLS # 2819133) is listed for $80 Million.
View Oahu Luxury Homes →
One of America’s most expensive homes
One of Oahu’s “trophy properties”, the Kaiser Estate in Hawaii Kai, still holds the record of the highest residential sale on Oahu and one of the highest in the nation, which was set 20 years ago. Japanese billionaire Genshiro Kawamoto paid $42.5 million back then. The configuration was slightly different then with some parcels included that are not included now, and some that are included now that weren’t then. What was also shocking was that when Kawamoto made the purchase, the parcels were all leasehold. They have since been purchased from Kamehameha schools, making the current offering fee simple, which in turn makes the property significantly more valuable. More »
Deal: Waikiki Two-Bedroom Condo Just Two Blocks from the Beach
Posted by David Buck, R, BIC on May 30th, 2010 |
Tags: Condos, Deals, For Sale, Hawaii, Honolulu, Maikee Ailana, Oahu, Scandia, Waikiki
Ever have a dream of owning a 2 bed / 2 bath condo in Waikiki? Near the beach, Kapiolani Park, the Honolulu Zoo, restaurants and more? Look no further….
For those of you that don’t know, Makee Ailana (formerly known as the Scandia) is located 2 blocks from Queen’s Beach in Waikiki and right across the street from the Honolulu Zoo. I’ve got a listing there (MLS# 1001616) priced at $445,000. More »
Japanese Billionaire Kawamoto Lists Kahala Homes For Sale
Posted by David Buck, R, BIC on May 19th, 2010 |
Tags: For Sale, Hawaii, Homes, Honolulu, Kahala, Luxury, Oahu
Japanese Billionaire Genshiro Kawamoto has decided to place several of his Kahala homes on the market.
View Oahu luxury homes →
4607 Kahala Ave (MLS# 1006464) is listed for $17.8 Million
Prices range from $1.88 Million to $17.8 Million. If you’re looking to enter Oahu’s most publicized luxury market, now may be your chance. Most of his homes haven’t been well maintained since his purchase, so these may be “value plays” reminiscent of the oceanfront homes in Kahala that were selling for $20 million back during the Japanese bubble of 1990, some 20 years ago… More »
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