Oahu Covid-19 Real Estate News

UPDATED | May 31, 2020: 

Hawaii Slowly Begins to Reopen

On May 18, Hawaii’s Governor David Ige signed an 8th supplemental emergency proclamation, unveiling a four-phase plan to jumpstart Hawaii’s economy and begin a recovery process from the COVID-19 crisis.

“Hawaii has done an incredible job of flattening the curve, but we are also aware that battling COVID-19 has had significant socio-economic impacts,” Ige said at his daily briefing.

For Hawaii visitors, it’s important to know that the proclamation extends the required 14-day quarantine for those arriving to Hawaii until June 30th. 

You can read more about the state’s four-phase recovery plan here.

This video of Waikiki during lockdown recently posted by O‘ahu agent Brian Vukelich is absolutely jaw-dropping!

What Does Reopening Mean For Oahu Real Estate?

Broker-in-Charge (BIC) at Hawaii Life Beth Robinson recently noted, “the biggest damper on activity for the past two months has been the inability of buyers to travel to the islands.” With the extension of the 14-day quarantine, the question for non-residents looking to buy a home in Hawaii becomes one of where to stay and quarantine in the coming months, as the state slowly begins to reopen.

Short-term vacation rentals are still prohibited as a “non-essential business” and Hawaii hotels are announcing plans for partial or gradual reopening, but not until July or August. Currently, most buyers reside locally or are willing to purchase Hawaii properties using 3-D tours, videos, and live-streamed walk-throughs provided by their real estate professional.

News of the state’s gradual reopening plan shows promise for Hawaii’s economic recovery. For non-residents looking to purchase a home in Hawaii in the coming months, there’s still no date set for a lift of travel restrictions, but the state’s methodical approach has so far proved effective. Hawaii currently has the lowest mortality rate in the nation and has effectively flattened the curve.

A New Way To View A Property

The good news is that our team continues to show homes virtually and more recently, they’ve been permitted to resume showing homes in person using social distancing and safety precautions. Oahu agent Kaety Enos Tsukamoto reports on her recent experience showing a home to clients using new protocols and wearing masks and gloves under the current “Safer At Home” phase of Hawaii’s recovery. You can read about her experience here.

As medium-risk businesses begin to reopen, we’re all looking forward to dining out again! Now that your dog is used to having your around all day, you may want to bring Fido with you. A new dog owner herself, Kaety Enos Tsukamoto gives us a shortlist of pet-friendly Oahu restaurants and buildings that allow canine residents.

A New Way To Close Escrow

Cherie Tsukamoto recently reported on her experience doing a drive-up escrow closing with Title Guaranty on Oahu. She takes readers step-by-step through the new process for closing escrow under the current “Safer At Home” rules.

Sandy Beach with Turquoise Ocean

Military Moves & VA Buyers

Broker-in-Charge David Lundstrom reports on the economic importance of our military community and of VA homebuyers on O‘ahu in his recent article Military Buyers on O‘ahu Take the Top Spot. David gives us the latest on the Department of Defense’s latest decision on PCS moves around the globe, noting that the PCS stop that was due to be lifted on May 15  will now remain in place until June 30, 2020.

“As of now, the safest buyers in Hawai‘i are the VA buyers. Once they get orders to report to work in Hawai‘i, those orders remain in place for generally three-year duty stations. The employer is the US government, and those checks are safe and the job is secure,” says David.

You can stay updated on the very latest Hawai‘i real estate news and follow the O‘ahu real estate market at our blog.

USS Arizona, Pearl Harbor, at Joint Base Pearl-Harbor-Hickam in Honolulu, Hawaii.

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