RealtyTrac’s latest numbers are out for February of 2010
As foreclosures continue to rise on Oahu, there will be more and more REO’s or lender owned properties coming back on market. Once properties are listed as an REO, they are typically priced well and sell fast.
The Honolulu Board of Realtors has released statistics for February and we continue to outpace our 2009 sales figures.
January was a fabulous month as we led the nation in rebounding sales. February turned out to be another strong month as there were 157 single family home sales for an increase of 21.7% over last year. Meanwhile, there were 231 condos that sold for an increase of 44.3%! Read entire post →
Hawaii had quite the weekend, with the eyes of the world watching to see what the tsunami would bring. We’re grateful that there was no loss of life, or even damage to property… and it was great to see the coordination of the State and local officials to effect such a successful and efficient evacuation.
My wife and I were in Los Angeles for a wedding… and despite the fact that we didn’t have television where we were staying, I was able to stream all of the local news stations online and, perhaps even more impressive, watch information and links to resources pour into Twitter. The conversation around the tsunami emerged as the leading topic of conversation on Twitter. People sent in photographs, links to buoy readings in the Pacific, videos of the ocean as the series of waves came ashore. It was an incredible testament of the power of the information age.
Here’s a recent video that illustrates the growing number of internet use and social networking. The numbers referenced are astounding.
I had a feeling our numbers were strong in January when I wrote a post about Oahu’s home sales recently. However, I didn’t realize how strong they were.
Valuable info provided by NOAA's Pacific Tsunami Warning Center
The threat of a tsunami wreaking havoc on the people and infrastructure of Hawaiian island shores has passed! We dodged a bullet!!
Authorities confirmed that a tsunami generated by the 8.8 earthquake off Chile did indeed hit the Hawaiian island chain, reaching the Big Island first with diminished effects as it headed N/NW.
The National Oceanic and Atmospheric Administration’s “Pacific Tsunami Warning Center” is fully prepared for this type of event, (even though the last state-wide tsunami warning was over 25 years ago). Read entire post →
If you were like me a few years ago and someone asked me to get a Hawaii home energy audit, I would have called my CPA to schedule one!
While we see Hawaii becoming more energy conscious, this term has not been familiar….until now. A Home Energy Audit, in a nutshell, is an evaluation of the energy consumption of your home and of your energy usage patterns.
We in Hawaii have different comfort issues to deal with…hot rooms that don’t cool down quick enough, air conditioned spaces that are either too cold or not cold enough. We need to understand these issues as it relates to a “Hawaiian Style” home. Read entire post →
The Honolulu Advertiser is owned by Gannet, which is owned by Rupert Murdoch’s Newscorp and has been the largest paper in circulation on Oahu. The Star Bulletin has been our smaller paper owned by David Black out of Canada. I’ve actually preferred the Star Bulletin over the Advertiser the last few years as it’s been more appealing to Realtors offering better pricing for ads. It also has had a much better business section in my opinion.
Although this is a monumental acquisition, it doesn’t come as a surprise to me. There’s been a trend now for years of newspapers going bust.Read entire post →
19% of Honolulu listings on the market over the last year have dropped their price at least once. Why so little? Listings that are priced well don’t require reductions. Two of my last three listings I sold were previously listed by another brokerage firm. When they relisted with Hawaii Life’s Smart Marketing and Solid Representation at the right price, we sold them fast. Read entire post →
Hawaii Reporter recently announced there’s a New Phone System for Recorded Weather and Surf Updates on Oahu. This will be much more convenient as several phone numbers were required for the old system. The new 808-973-4380 number can also accommodate multiple callers!
I’ve saved this number to auto-dial on my phone. It’s perfect for all those living their Hawaii Life. Whether you’re looking to paddle from Hawaii Kai to Waikiki, Surf the North Shore or hike in Manoa, you can know what the weather, wind and surf will be from one phone number!