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 [...]
Luana Hills Country Club in Maunawili is one of three courses that recently sold Just over 20 years ago, the Japanese were buying golf courses all over Hawaii. During the Yen’s decline, they ended up selling many of them here for pennies on the dollar. Today, it appears Chinese money is pouring in to buy [...]
In the past 6 months on Oahu, homes at Ocean Pointe in Ewa Beach have fetched 99% of asking price. This Ocean Pointe home (MLS# 1102959) is one of just a dozen active listings on the market As of today, there are only 12 available listings for sale. Meanwhile, there are twice as many (24) [...]
A low down payment of 3.5% of the purchase price for buyers purchasing properties that fall within the qualification for FHA financing—most single family homes qualify, and some condo/townhouse projects do also. There are also no down payment loans for properties that fall within the USDA rural guidelines. For those who have served our country [...]
Everyone in the Oahu real estate and travel industry is excited about the upcoming opening of Disney’s newest resort, Aulani. It is scheduled to begin operations August 29, 2011 and is expected to be a major draw for tourists and possibly even second-home owners. While there are no plans for an amusement park, the facilities [...]
Kai Lani is one of my favorite condo complexes at Ko Olina. Beach nearby Kai Lani unit (MLS# 1015517) listed for sale Kai Lani is also only one of two condo complexes in Ko Olina that is oceanfront. Built in 2003, Kai Lani has 116 total units. As of today, there is only one on [...]
Create the best meals in this upgraded kitchen! This 4bed/2.5 bath home (MLS# 1100295) in Kahiwelo at Makakilo is located in a master planned community on the slopes of Makakilo, overlooking the second city of Kapolei—Pride of ownership shows throughout this 2-story newer home on Ohio Street!
There’s very little inventory today at the Ko Olina Kai Golf Estates in Ko Olina. Ko Olina Kai Golf Estates M26-3 (MLS# 1015719) is the only 3 bed, 3 bath unit available A few months back, a colleague of mine wrote about how the Ko Olina real estate market is bottoming out. Charlie spent many [...]
This week’s episode was shot in multiple locations on the island as always. This Kapolei home (MLS# 1014027) is just minutes away from the high speed chase scene I love writing about these episodes because they feature so many great locations on Oahu. For instance, this week’s episode was shot in Kapolei, Kaneohe, Waipahu, Downtown Honolulu, and Kalihi. [...]
Here’s a little secret…you get so much more for your money if you’re willing to drive just west of Honolulu. I’ve currently got 94-1105 Hapapa St. (MLS # 1003714) in Waipahu on the market for a bargain at $564,500. This home was previously listed with another brokerage for $649,500! This is a deal priced to [...]
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. Oahu REO Galleries Oahu single family home REOs → Oahu [...]
Yesterday’s front page of the Star Bulletin read Foreclosures Up 286%. Hawaii dropped from our worst ever ranking of 10th nationally to 11th in January. In December, Ewa Beach led Oahu in foreclosures. However this month, Kapolei surpassed Ewa Beach (now 3rd in the state) and Kailua-Kona (ranked 2nd) on the Big Island.
The front page of yesterday’s Star Bulletin had an article titled “On Shaky Ground” talking about how Ewa Beach led Oahu in 2009 with the most foreclosures with 636 in 2009. Believe it or not, Waikiki was 2nd with 538 and Kapolei was 3rd with 364. What was incredible about the article is it said [...]
HAWAI'I LIFE