Posted by David Buck, R, BIC on March 9th, 2010 |
Tags: Downtown, Hawaii, Kaneohe, North Shore, Nuuanu, Oahu, Sales Stats, Wahiawa
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 →
Posted by Kevin Spaise, RS on March 5th, 2010 |
Tags: Hawaii, Hoolei, Kihei, Maui, Sales Stats, Short Sales, South Kihei, Wailea, Wailea Point
I always look at market statistics with a skeptical eye, and as a potential buyer so should you.
South Maui’s upper end surged in February. One of the 14 closings was a 3-bedroom at Wailea Point, at $2.9M.
For example, last year about this time, in the depths of our market correction, a front page story on the Maui News trumpeted a blockbuster month of condo sales. Technically, the story was accurate. But buried beneath the headline was the caveat: of the 109 closings in January 2009, 65 of them were new project sales units, Kaanapali’s Honua Kai. The real picture was a bit more bleak, with 44 resales sold for the month.
Fast forward to 2010, and we show a 30% year to date drop in condo sales for January. But the real picture is a 39% increase when you filter out the Honua Kai sales for both years. Read entire post →
Posted by Pat Strausse, R on March 4th, 2010 |
Tags: Big Island, Hawaii, Sales Stats, Short Sales, Waikoloa Village
The big news in Waikoloa Village homes sales is…short sales.
The average Waikoloa Village real estate residential sales price (year to date) is $333,722, negotiated down from an average listing price of $357,200. Wondering where a sales price of $335,000 fits into the historic pattern of Waikoloa Village sales?
As you can see, the chart was bouncing around the $350,000 range before it took a bit of an upturn in the last quarter. March sales are yet to be reported, but at this point it appears the amount of distress sales are having an impact on pricing in the Waikoloa Village home market. Read entire post →
Posted by Erik Hinshaw, R(S) on March 2nd, 2010 |
Tags: Big Island, Condos, Hawaii, Kona, Sales Stats
North Kona Condominium sales are up a whopping 212%!
Even with that number of sales the median price for condos continues to fall.
The median price fell to $253,000, a 23% decline. With the number of sales rising and new inventory falling these prices shouldn’t last long.
2 Bedroom Alii Drive Big Island Condo across from the Beach
So what does a $253,000 condo in Kona look like? Read entire post →
Posted by Erik Hinshaw, R(S) on March 2nd, 2010 |
Tags: Big Island, Homes, Kona, Sales Stats
The North Kona median home price rose from $419,000 to $460,000 in February, a jump of 9.79 % over last year. The total number of sales was up 27%.
It’s been a long time since sales and prices have both been up. Great homes are going fast.
Brand New Oceanview Home with Guest Quarters
So what does $460,000 get you in Kailua-Kona real estate these days? How about a brand new ocean view 4 bedroom 3 1/2 bath home with a separate guest quarters priced at $470,000. Read entire post →
Posted by David Buck, R, BIC on February 28th, 2010 |
Tags: Hawaii, Honolulu, Oahu, Sales Stats
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.
A recent Associated Press article in the Star Bulletin titled Isle home sale surge leads nation said that Honolulu had the highest precentage change in number of transactions in the nation!
Read entire post →
Posted by Pam Deery, R(B) on February 28th, 2010 |
Tags: Big Island, Hawaii, Hualalai, Kukio, Mauna Kea, Mauna Lani, Sales Stats, Waikoloa
I can’t say how many times in a week I am asked this question; too many to remember, but enough to know the answer without a lot of thought.
The resort market here on the Big Island from Hualalai and Kukio up to Mauna Kea and including Waikoloa Resort and the Mauna Lani started showing signs of sales as early as October this year, where the average market can almost be charted; a flurry in December and the bulk of the sales taking place from December 30th thru April 15th.
This year sales have actually been robust and as far as hitting bottom…are we there yet, are we there yet…I for one would have to say WE ARE THERE! Read entire post →
Posted by Pat Strausse, R on February 22nd, 2010 |
Tags: Big Island, Foreclosures, Hawaii, Honolulu, Kauai, Lanai, Maui, Molokai, News, Oahu, Sales Stats
12 percent of Hawaii homes are in foreclosure or threatened by foreclosure.
One of yesterday’s front page stories in Honolulu’s Advertiser was a new report on foreclosures in the country and where Hawaii is ranked.
As reported, a new mortgage industry report shows that more homeowners in Hawai’i fell behind on their loan payments last year, suggesting that foreclosures will continue to rise this year. At the end of last year, 4.5 percent of the loans statewide were in foreclosure, and an additional 12,182 mortgages, representing 7.3 percent of the market, were delinquent but not yet in foreclosure.
A sweet REO house (MLS# 230165) listed for $179,700
Read entire post →
Posted by Pat Strausse, R on February 19th, 2010 |
Tags: Big Island, Condos, Sales Stats, Waikoloa Village
Golf course pond by Elima Lani
At first look, 2009 condo sales look similar to 2008 sales as both years posted 18 sales for existing condos. But, a closer look at the numbers shows some very shocking news.
The most amazing sales news for Waikoloa condo sales is…the complete lack of sales! From 11/18/2008 to 3/27/2009 there was not one single condo sale in Waikoloa Village, a town known as one of the Big Island’s biggest condo towns. At this time the economy was tanking, real estate prices were falling and no one knew when the the recovery was going to happen. And so, no one was buying condos. This time of year, in years past, had been one of the peaks of the buying seasons centered around the winter tourist season. Read entire post →
Posted by David Buck, R, BIC on February 17th, 2010 |
Tags: Honolulu, News, Oahu, Sales Stats
Honolulu Prices Coming Down, Just Not Too Fast...
According to an article in the Star Bulletin titled Real Estate in Honolulu sees fewer and smaller price drops, Honolulu is now ranked 41st out of 50 major cities for price reductions.
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 →
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