Honolulu Board of REALTORS® Releases Local Market Update Neighborhood Statistical Report for March 2013

The Honolulu Board of REALTORS® released the MLS statistics by neighborhood for March 2013. This report breaks down the statistics by neighborhood and allows us to see how activity is within neighborhoods and compare them to others.

Aina Haina and Kuliouou Focus.

Aina Haina and Kuliouou Area Statistics (page 3 of full report).
SFH: 8 New Listings, 6 Closed, $1,472,500 Median Sales Price, 30 Homes on Market.
Condos: No activity.

I selected to highlight the Aina Haina and Kuliouou area to show how limited the condominium/townhouse market is in this area.

#RealtyRickSees
http://instagram.com/p/VcYZILlxkf/
ML 1301235 6133 Summer St #6133-C

Back in February, I took a look at a rare townhouse listing that came on the market in Kuliouou Kai Villa. This was listed by Century 21 All Islands for $738,000 and it looked very attractive at that price for a 2 bedroom plus den, 2 and a half bathroom townhome with view of the ocean. This listing recorded yesterday for $745,000. This transaction is not in the March statistics, but this will be in the April statistics when they are released next month.

Currently there are no active listings in Kuliouou Kai Villa.

View or download the full Local Market Update Report [PDF] below. See how neighborhoods that you are interested in compare to others on Oahu.


Open Report in new window [PDF].

 Rick Nakama, REALTOR® GRI SFR SRES East Oahu Realty 6600 Kalanianaole Hwy #114, Honolulu, Hawaii 96825
RickNakama@GMail.com http://Facebook.com/RickNakamaR                     Voice/Text: (330)282-6761

The Honolulu Board of Realtors Releases March 2013 Residential Sales Statistics

The Honolulu Board of Realtors released the MLS Residential Statistical Report for the month of March 2013.

There were 213 single family homes sold in the month of March and the median price is up to $640,000. The median days on market is down to 22 days from 44 days in March 2012. There were 960 active listings compared to 1,231 last March. Home sellers received an average of 98.5% of their original list prices.

There were 585 condo units sold in the month of March (*Note: 174 of those units were a new project, Holomua, and are not resales) and the median sales price is $346,700 (*$340,000 if excluding Holomua). The median days on market is down to 15 days on market from 39 days in March 2012. There were 1,418 active listings compared to 1,751 last March. Condominium sellers received an average of 99.1% of their original list prices.

Median Sales Price for March 2013
Single Family Homes: $640,000
Condominium/Townhouse: $346,700

Inventory of Single Family Homes for Sale by Price Range
(Condos also available in full report)

Source: Honolulu Board of Realtors Monthly Statistical Report March 2013.

Aloha, 
Rick Nakama 
REALTOR® GRI SFR SRES
East Oahu Realty
6600 Kalanianaole Hwy #114
Honolulu, Hawaii 96825
Direct: (808)382-6761
Mobile/Text: (330)282-6761
RickNakama@GMail.com
http://Facebook.com/RickNakamaR

Honolulu, Hawaii Real Estate Hotsheet 4/1-4/2/13 & testing out the new "RPR" Report.

Tuesday's Hotsheet.


Please click on the link(s) below to view property information.

       Customer Short Page

The link(s) sent with this email will expire in 30 days on 5/2/2013.

This morning's meeting included a tutorial on the new Realtors Property Resource tool. I managed to create my account and run a test report of the "Neighborhood Report" function for Honolulu's 96816 area within a few minutes. There are many more functions for me to check out, but so far it is a very simple and impressive tool. Check out the report below.

 
Submit a request for a customized report with the specifications you would like to see at http://fb.me/RickNakamaR/. The MLS links in this email or blog post expire 30 days from the date of report.

Summaries of Residential Resale Statistics and Local Market Update Reports: http://nakama-mlshotsheets.blogspot.com/search/label/statistics/.

The Honolulu Board of Realtors Sunday Open House Guide: http://www.hicentral.com/images/Documents/HBROpenHouseReport.pdf (Updates every Friday by 3pm).

Rick Nakama (R GRI) 808-382-6761 East Oahu Realty, Inc.

Information is believed reliable, but is not guaranteed.

Honolulu, Hawaii Real Estate Hotsheet 3/30-4/1/13

Monday's Hotsheet.

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       Customer Short Page

The link(s) sent with this email will expire in 30 days on 5/1/2013.

Appraisal Shortfall Scenarios
by Craig Nakashima
[Full Size]

With the current market conditions experiencing low mortgage rates and limited inventory, many transactions are depending heavily on appraisal values due to contracted prices at above list prices. This is common when the market prices are on the rise. Appraisers may have a difficult time appraising a property for the amount that the buyer has contracted to purchase the property for. This will become an issue for financing and could cause cancellations of escrows if the buyer is not able to qualify for the higher loan to value ratio.

Last week's newsletter by Craig Nakashima, a loan officer with Pacific Access Mortgage, included a few scenarios that may occur in the event an appraisal does not come in at the price the buyer has offered on a property. Take a look at them and feel free to ask Craig or me for more information.
 
Submit a request for a customized report with the specifications you would like to see at http://fb.me/RickNakamaR/. The MLS links in this email or blog post expire 30 days from the date of report.

Summaries of Residential Resale Statistics and Local Market Update Reports: http://nakama-mlshotsheets.blogspot.com/search/label/statistics/.

The Honolulu Board of Realtors Sunday Open House Guide: http://www.hicentral.com/images/Documents/HBROpenHouseReport.pdf (Updates every Friday by 3pm).

Rick Nakama (R GRI) 808-382-6761 East Oahu Realty, Inc.

Information is believed reliable, but is not guaranteed.

The Honolulu Board of Realtors released the Local Market Update Report for February 2013

The Local Market Update Report for February 2013 has been published by the Honolulu Board of REALTORS®. You may review this report to see specifics about neighborhoods that you are interested in.

I have decided to put the condo market in the "Ewa Plain" in the spotlight this time.

Ewa Plains (Page 6 of PDF Report)

The statistics show that the median price in the area has increased by 3% compared to median price in February 2012. The median days on market is just under a month and sellers are receiving an average of about 96.2% of their asking price. The current median price is $325,000.

Here is the current MLS activity of the Ewa Plains area for 2013 up through 3/24/13: Customer Short Page.

Here is the current MLS activity of the Ewa Plains area within the current median price +/- $5000: Customer Short Page.

In most cycles, the Ewa area tends to react to the market conditions a little later than the Metro/Honolulu areas do. Many shoppers have been experiencing multiple offer "bidding wars" on homes priced around this "affordable" price range. Some of them may be frustrated with the competition and opt for the available inventory in the Ewa area and probably get a newer and larger home for the same price.

What would you do and how do you feel about the Ewa Plains area? Compare it to other neighborhoods around the island by viewing the entire report.



Source: Honolulu Board of Realtors Local Market Update February 2013 [PDF].

The MLS links in this email or blog post expire 30 days from the date of report.

Rick Nakama 
REALTOR® GRI SFR SRES
East Oahu Realty
6600 Kalanianaole Hwy #114
Honolulu, Hawaii 96825
Direct: (808)382-6761

Mobile/Text: (330)282-6761
RickNakamaGMail.com
RickNakama.com
Rick Nakama, REALTOR® on Facebook

Honolulu, Hawaii Real Estate Hotsheet 3/21-3/22/13 & Rent vs Buy

Aloha Friday's Hotsheet.

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       Customer Short Page

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facebook.com/RickNakamaR/

I shared this report by Trulia on my Facebook Page this morning. It shows how close the "Rent vs. Buy" cost is in Honolulu, Hawaii. This is why many people that purchase property in Honolulu, Hawaii never sell it and our inventory of available homes is so low. Most people keep the properties that they have purchased and rent them out. As you will see in this report, it is only 23% cheaper to own than it is to rent a home in Honolulu. That makes Honolulu a place that real estate investors feel comfortable buying investment properties in. 

With the anticipated increase in home values and mortgage rates, the investors realize that it will be even more difficult for first time home buyers to afford a home and it will most likely force those buyers to continue renting or relocate. It is difficult for many to relocate so renting will be the most likely choice and that will cause rental rates to continue to rise.

I think that what it comes down to is if the person asking the question is intending on living in Honolulu for at least a couple of decades, it would make more sense to purchase. If the person plans to relocate to Honolulu in future years (for example after retirement), it would make more sense to purchase a property now and use it as a rental until time to relocate to Honolulu. In any case, I think that any renter will agree that it is very difficult to find a decent rental around here.

Submit a request for a customized report with the specifications you would like to see at http://fb.me/RickNakamaR/. The MLS links in this email or blog post expire 30 days from the date of report.

Summaries of Residential Resale Statistics and Local Market Update Reports: http://nakama-mlshotsheets.blogspot.com/search/label/statistics/.

The Honolulu Board of Realtors Sunday Open House Guide: http://www.hicentral.com/images/Documents/HBROpenHouseReport.pdf (Updates every Friday by 3pm).

Rick Nakama (R GRI) 808-382-6761 East Oahu Realty, Inc.

Information is believed reliable, but is not guaranteed.

Honolulu Board of Realtors Residential Real Estate Resale Statistics for February, 2013

The MLS statistics for February, 2013's Honolulu Residential Resales have been released by the Honolulu Board or Realtors.

Single Family Home Sales: Median Price is down by 4% from February, 2012  to $600,000 from $625,000. Sales Volume is also down by 6 units, a 7.5% drop. The Average Sales Price has increased to $778,390, a 7.2% increase.
Condominium Sales: Median Sales Price is up by 7.9% from February, 2012 to $340,000 from $315,000. Sales Volume is also up by 52 units, a 22.9% increase. The Average Sales Price has increased slightly to $395,353, a 1.8% increase.

The Months of Remaining Inventory continue to drop in both Single Family Home and the Condominium Markets. SFH is down to 2.3 months and Condos are down to 2.6 months. I feel that this is a major factor influencing the the sales volume and prices. There simply is not enough inventory for all the people that are out there shopping to buy a home.

This is the inventory of homes according the price range.

If you are considering selling a home, see how many (or few) homes there are for sale in the price range of your home. In most cases, the conditions are favorable for a home seller. There are only a 136 SFH listings (3.1 months of remaining inventory) priced within +/-$50,000 of the current SFH median price range. There are 214 Condo listings (3.4 months of remaining inventory) priced around the Condo median price range.

If you are shopping, these figures could assist you in determining how aggressive you need to be to get home that you are waiting for into contract. In most cases, you probably need to be prepared with your offer as soon as the first showing of the property is made available, if not even sooner. Haven't you been noticing that when a desired property comes on the market, you are informed that it is in escrow by the time you make an attempt to see it (especially if you are waiting for the first open house)? 

Source: Honolulu Board of Realtors Residential Resale Statistical Report for February, 2013 [PDF].



Rick Nakama 
REALTOR® GRI SFR SRES
East Oahu Realty
6600 Kalanianaole Hwy #114
Honolulu, Hawaii 96825
Direct: (808)382-6761

Mobile/Text: (330)282-6761
RickNakama@GMail.com
RickNakama.com
Rick Nakama, REALTOR® on Facebook

Honolulu Board of REALTORS® Releases January, 2013 Residential Real Estate Resale Statistics

The Honolulu Board of REALTORS® has released the residential resale statistics for Oahu, Hawaii for the month of January, 2013.

The median price of single family homes has dropped to $595,000, down from $618,900 from January of 2012. The condominium market has increased to $315,000, up from $305,000. There were 227 single family home sales and 286 condominium sales, both figures are up from 2012.

Single Family Home Inventory by Price Range

Condo Inventory by Price Range

The months of remaining inventory in both markets are significantly lower than January of 2012's numbers. Single family homes have 2.3 months remaining, a 55.8% decrease. Condominium market has 2.7 months remaining, a 42.6% decrease. This graphs above shows a break down of the inventory according to price range.

http://instagram.com/p/VcPwmelxqK/
Paul Brewbaker, TZ Economics

Last week Wednesday I shared this picture of Paul Brewbaker of TZ Economics showing a slide from his presentation. This is the slide of a projected $1,000,000 median sales price of single family homes and Paul pointing out how difficult it may be to explain to the consumer that the median price for a home in Honolulu could possibly reach $1,000,000 in the next few years.

Are you anticipating a $1,000,000 median price in the next few years? Will you be able to afford a median sales price in that range? What if the mortgage interest rate doubles or triples from the extremely low current rates?

Source:
Honolulu Board of REALTORS® January, 2013 Statistics [PDF]




Rick Nakama, REALTOR® GRI SFR SRES
http://fb.me/RickNakamaR
(330)282-6761
RickNakama@GMail.com

November 2012 Local Market Update Report from the Honolulu Board of Realtors

The Honolulu Board of Realtors released the November 2012 Local Market Update report. Take a look at the report to see how the neighborhood that you are interested in has been performing in the market compared to others.

This is the Kapahulu-Diamond Head area, where the the neighborhood that
I live in falls under. 

See the full report here: https://docs.google.com/open?id=0B1femHhV09YVYUtlNXIxUmZYU2c.

Honolulu, Hawaii Real Estate Hotsheet 12/6-12/7/12 & November Honolulu Board of Realtors MLS Statistics Report

Aloha Friday hotsheet.

Please click on the link(s) below to view property information.

       Customer Short Page

The link(s) sent with this email will expire in 30 days on 1/6/2013.

A few days ago, the Honolulu Board of Realtors released the MLS statistics for November 2012. 

The median sales price for single family homes is up. $640,000 is a 10.3% increase over the same month in 2012. The number of closed sales is also up with 290 sales, a 15.5% increase.

The median sales price for condos is $325,000, up 10.2% and the number of sales is 363, a 9.0% increase over November 2011's figures.

See the full report below. [Source: Honolulu Board of Realtors MSR_Nov2012.pdf]

 
Submit a request for a customized report with the specifications you would like to see at http://fb.me/RickNakamaR/. The MLS links in this email or blog post expire 30 days from the date of report.

Summaries of Residential Resale Statistics and Local Market Update Reports: http://nakama-mlshotsheets.blogspot.com/search/label/statistics/.

The Honolulu Board of Realtors Sunday Open House Guide: http://www.hicentral.com/images/Documents/HBROpenHouseReport.pdf (Updates every Friday by 3pm).

Rick Nakama (R GRI) 808-382-6761 East Oahu Realty, Inc.

Information is believed reliable, but is not guaranteed.

Honolulu, Hawaii Real Estate Hotsheet 11/18-11/19/12 & economic statistics updates

It's Monday and time to get
back to work after a little
mini vacation last week... 

Here is Monday's Hotsheet.

Please click on the link(s) below to view property information.

       Customer Short Page

The link(s) sent with this email will expire in 30 days on 12/19/2012.


The National Association of REALTORS® Chief Economist, Lawrence Yun, discusses the housing market recovery in an interview with Nobu Hata.



The Honolulu Board of REALTORS® has released their market update: http://hicentral.com/property-information/market-press-releases/531-october.html <view it there.

First Hawaiian Bank has released an economic forecast: https://www.fhb.com/en/assets/File/Marketing/FHB_Oahu_Econ_Forecast_2013.pdf.



Submit a request for a customized report with the specifications you would like to see at http://fb.me/RickNakamaR/. The MLS links in this email or blog post expire 30 days from the date of report.

Summaries of Residential Resale Statistics and Local Market Update Reports: http://nakama-mlshotsheets.blogspot.com/search/label/statistics/.

The Honolulu Board of Realtors Sunday Open House Guide: http://www.hicentral.com/images/Documents/HBROpenHouseReport.pdf
(Updates every Friday by 3pm)

Rick Nakama (R GRI) 808-382-6761 East Oahu Realty, Inc.

Information is believed reliable, but is not guaranteed.

Honolulu Board of Realtors Releases Residential Resale Statistics for September 2012

September 2012 Statistics [PDF]

The Honolulu Board of Realtors released the MLS data and September 2012's residential resales statistics. Indicators for the month continue to show a trend of lower days on market, less inventory and increased sales volume.

“One of the biggest trends that we saw in September was the decrease in days on market for both single family homes and condos,” said Joe Paikai, president of the Honolulu Board of REALTORS®. “There is less inventory now than a year ago, so homes are selling faster and prices are continuing to rise.”  

The median price of Single Family Homes is up 11.8% at $637,000 and Condominiums is up 0.9% at $319,500 according to figures compared to September 2011. There were 304 Single Family Home sales and 350 Condominium sales closed during September 2012.

The increase in median sales price and volume of sales in the residential resale market combined with the decrease in median days on market, decrease in number of new listings and decrease in months of remaining inventory could indicate that home prices are on the rise. With the holiday months coming up, the activity could see a slight dip in activity as it usually has in the past years. These next few months could be the opportune time for buyers in the market for a home since the holiday months tend to "cool down". 

September 2012 Statistics [PDF]

September 2012 Statistics [PDF]

September 2012 Statistics [PDF]

Source: Honolulu Board of Realtors Residential Resale Statistics for September 2012 [PDF].

Rick Nakama, Realtor

Information deemed reliable, but not guaranteed. East Oahu Realty, Inc. 6600 Kalanianaole Hwy #114, Honolulu, Hawaii 96825

Honolulu Board of Realtors releases August 2012 Residential Resale MLS Satistics

The Honolulu Board of Realtors released the residential resale statistics for August 2012.

“This has been one of the best summers we’ve seen in many years, with closed and pending sales of both single-family homes and condominiums rising throughout the summer to highs in August,” said Joe Paikai, president of the Honolulu Board of REALTORS®.  “This is a good indicator that the market is finally recovering.”

 The MLS data results are showing signs that the market is improving in the Single Family Home (SFH) and Condominium categories with overall positive numbers. SFH data shows the Median Price of August 2012 sales is $609,000, up 9.2%. Condominiums Median Price is $320,000, up 6.7%. The number of Closed Sales of SFH were 293, a 5% improvement while Condominiums had 409 sales, a 21% improvement.

The increased activity is also evident with reduced Median Days on Market figures in both categories. The Median Days on Market for SFH was 25 days while Condominiums median was 28 days compared to 31 and 41 days, respectively, in August of 2011. The quicker pace of the inventory selling correlates with the other indicators of an improved marketplace. During the month of August SFH and Condominium listings have received an average of 97.4% and 98.5%, respectively, of their list prices. Pricing the homes in line with the market results in increased activity.

The Months of Remaining Inventory report shows that there was 3.5 months of SFH inventory and 4.1 months of Condominium inventory. In comparison, during August of 2011, there was 6.2 months of SFH inventory and 5.8 months of Condominium inventory remaining. Lower inventory results in increased demand because selection is limited. If inventory gets too slim, it could slow activity down again because the buyers will have difficulty finding the home that they want.

Is the last quarter of 2012 the time for you to buy or sell?

Source:
Honolulu Board of Realtors Monthly Statistical Report for August 2012 [PDF]


Rick Nakama, Realtor
http://fb.me/RickNakamaR

Honolulu, Hawaii Real Estate MLS Hotsheet 8/11-8/13/12 10a

Monday's hotsheet.

Please click on the link(s) below to view property information.

       Customer Short Page

The link(s) sent with this email will expire in 30 days on 9/12/2012.
Submit a request for a customized report with the specifications you would like to see at http://fb.me/RickNakamaR/. The MLS links in this email or blog post expire 30 days from the date of report.

Summaries of Residential Resale Statistics and Local Market Update Reports: http://nakama-mlshotsheets.blogspot.com/search/label/statistics/.

The Honolulu Board of Realtors Sunday Open House Guide: http://www.hicentral.com/images/Documents/HBROpenHouseReport.pdf (Updates every Friday by 3pm).

http://t.co/bj5X54Mb
2013 Scion FR-S
@ Wa'ahila Recreational Park
Saint Louis Heights

I just wanted to share that I had a chance to experience a few hours with Scion's latest vehicle, the FR-S. It's the new release based on the classic Toyota Corolla 86 or Hachi-Roku chassis heritage. I think the car looks beautiful and it handles extremely well in it's factory form. This is just a little added share based on my automotive industry history.

Rick Nakama (R GRI) 808-382-6761 East Oahu Realty, Inc.

Information is believed reliable, but is not guaranteed.

Honolulu Board of Realtors Releases July 2012 Residential Resale Statistics

Months of Remaining Inventory
Condos - 4.1 Months
Single Family Homes - 3.6 Months

The Honolulu Board of Realtors released the Residential Resale Statistics for July 2012 earlier this week. The statistics have been summarized in various news media already and here is one of those summaries by Honolulu Magazine: Number Crunching: July 2012.

Since it's been summarized, I just wanted to be sure you have access to the report along with a very brief comment from my point of view. If you observe all the statistics, I think what it comes down to is the inventory is continuing to drop. If you are contemplating on selling real estate in Honolulu, I think it's time to list (at the proper price of course)!

Review the source: Honolulu Board of Realtors Residential Resale Statistics for July 2012.

http://fb.me/RickNakamaR

Honolulu, Hawaii Real Estate MLS Hotsheet 8/6-8/7/12 10a & NAR Chief Economist Lawrence Yun discusses pending sales dip

Here's Tuesday's hotsheet.

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       Customer Short Page

The link(s) sent with this email will expire in 30 days on 9/6/2012.

Lawrence Yun, Chief Economist at the National Association of Realtors, discusses the reasons for the recent pending home sales dip.

Submit a request for a customized report with the specifications you would like to see at http://fb.me/RickNakamaR/. The MLS links in this email or blog post expire 30 days from the date of report.

Summaries of Residential Resale Statistics and Local Market Update Reports: http://nakama-mlshotsheets.blogspot.com/search/label/statistics/.

The Honolulu Board of Realtors Sunday Open House Guide: http://www.hicentral.com/images/Documents/HBROpenHouseReport.pdf (Updates every Friday by 3pm).

Rick Nakama (R GRI) 808-382-6761 East Oahu Realty, Inc.

Information is believed reliable, but is not guaranteed.

Honolulu Board of Realtors Releases June 2012 Residential Resale Statistics

The Honolulu Board of Realtors released their residential resale statistics for June 2012 this morning. The results show that Single Family Home sales are seeing a sharp increase while the Condominium/Townhouse sales remain relatively flat.

Single Family Home sales for the month of June are up in volume with 279 sales compared to the same month in 2011 at 248 sales. This is a 12.5% increase in volume. The median price is also up by 10.2%, $620,000 from $562,500. The average days on market is also down to 34 days from 36 days, indicating increased activity in certain price ranges.

The Condominium/Townhouse market is experiencing a slight decline in sales volume and median sales price. There were 342 sales in June 2012 compared to 354 in 2011, down 3.4%. The median sales price is reported at $297,000 compared to $301,000 last year, down 1.3%. The average days on market is about the same, 38 in June 2012 compared to 39 in June 2011.

The noticeable increase in activity in the Single Family Home market puts added pressure on buyers shopping in certain price ranges. I have highlighted the graphs showing the average days on market by price range for both the Single Family Homes and the Condominium Townhouses. The graph is helpful because if you know the price range that you are trying to purchase or sell in, it gives you a good idea how active that marketplace is compared to others. For a seller, it can give you an idea of how long it could take to sell your home if it is priced properly. For a buyer, it can help anticipating how much competition you can expect when shopping in a price range.

Single Family Homes Days on Market Chart PDF Page 15

Condo/Townhouses Days on Market Chart PDF Page 16

Source: Honolulu Board of Realtors Residential Resale Statistics Report for June 2012 [PDF]

Rick Nakama, Realtor
808-382-6761 East Oahu Realty, Inc. 

Information is believed reliable, but is not guaranteed.

Honolulu, Hawaii Real Estate MLS Hotsheet 6/15-6/16/12 630a & the Residential Statistics for May

http://instagr.am/p/L6ZArwlxlE/
Beach Bum Cafe is having a $1 off
pastry sale w/purchase of a coffee
until the end of today.
While supplies last.

Here is Saturday's hotsheet.


Please click on the link(s) below to view property information.

       Customer Short Page

The link(s) sent with this email will expire in 30 days on 7/16/2012.

Local Market Update Report

The Honolulu Board of Realtors relased the Local Market Update Report yesterday. Take a look at how your neighborhood is doing by reviewing the full report here: https://docs.google.com/open?id=0B1femHhV09YVWDA4TFd5WTh5M2M.

The Honolulu Board of Realtors Residential Resale Statistics for May 2012 was released last week. I did not get to summarize it for a blog post, but you can review the statistics here: https://docs.google.com/open?id=0B1femHhV09YVOURGYlNCVVcxUU0. Honolulu Magazine Real Estate Blogger, Melissa Chang, summed it up for the public on June 7th. You can read her summary here: http://www.honolulumagazine.com/Honolulu-Magazine/Real-Estate/June-2012/Number-crunching-May-2012/.

Submit a request for a customized report with the specifications you would like to see at http://fb.me/RickNakamaR/. The MLS links in this email or blog post expire 30 days from the date of report.

Summaries of Residential Resale Statistics and Local Market Update Reports: http://nakama-mlshotsheets.blogspot.com/search/label/statistics/.

The Honolulu Board of Realtors Sunday Open House Guide: http://www.hicentral.com/images/Documents/HBROpenHouseReport.pdf (Updates every Friday by 3pm).

Rick Nakama (R GRI) 808-382-6761 East Oahu Realty, Inc.

Information is believed reliable, but is not guaranteed.

Honolulu, Hawaii Real Estate MLS Hotsheet 5/27-5/28/12 830a

Here is the Monday morning hotsheet.

       Customer Short Page

The link(s) sent with this email will expire in 30 days on 6/27/2012.

A graph from TZ Economics published in
March comparing California markets to
Honolulu's Single Family Home Market

The market appears to be very active in several city markets. This report on the market in San Francisco caught my eye this morning because I will be there in July to study their market a bit.

S.F.'s diverse real estate frenzy expected to last

Andrew S. Ross

Sunday, May 27, 2012

How much hotter is the San Francisco real estate market getting? Let us count the ways.

In that article, it says that San Francisco's median price for condominiums has jumped for a little over $600,000 in January to $680,000 in April. The median price for Honolulu condominiums in April's Statistics $319,000. That is quite a difference.

How much higher to you anticipate Honolulu's median price for condominiums to reach in the next few years?

Request a customized report with the specifications you would like to see. http://fb.me/RickNakamaR
Rick Nakama (R GRI) 808-382-6761 East Oahu Realty, Inc.

Information is believed reliable, but is not guaranteed.

Honolulu, Hawaii Real Estate MLS Hotsheet 5/25-5/26/12 815a

Here is the Saturday morning hotsheet.

       Customer Short Page

The link(s) sent with this email will expire in 30 days on 6/25/2012.

A view from Saint Louis Heights. More photos of views here:
http://nakama-mlshotsheets.blogspot.com/2012/04/honolulu-hawaii-real-estate-mls_21.html

http://instagr.am/p/LEkPi6lxh1/
Latest listing by CBPP
on Saint Louis Drive
ML#: 1205743

On the hotsheet this morning, you will see one of the latest closings up Saint Louis Heights. It was the listing on Alencastre and it closed for $1,185,000. This is just in the right price and good timing for the latest listing on Saint Louis Drive that recently listed and was mentioned in my post yesterday. This neighborhood has been moving and I consider it a "hot market" up in the neighborhood right now!

More about Saint Louis Heights in a past post: http://nakama-mlshotsheets.blogspot.com/2012/04/honolulu-hawaii-real-estate-mls_21.html.

What do you have planned for the weekend? The Hawaii Wiener Derby is today at Thomas Square Park. I hope I get a chance to check it out. I may not be able to because I have a lunch that falls right in the middle of the event. Oh well, I hope you get to check it out! Share some photos with me if you do!

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Rick Nakama (R GRI) 808-382-6761 East Oahu Realty, Inc.

Information is believed reliable, but is not guaranteed.