Real Estate Statistics Quiz for Oahu, Hawaii's Market (Answers)

Just in case some try to "OK, Google...", "Siri, what is...", "Alexa, ?" I figured I'd post the questions to my quiz with the answers and perhaps it would show up when those digital assistants try to help their masters.

Local Market Statistics Quiz (Answers) from Rick Nakama, REALTOR (RB-20356), Rick Nakama Realty LLC fb.com/RickNakamaR

What was November 2016's Median Price for Oahu Single Family Homes according to HBR statistics? The Median Price for Oahu Single Family Homes in November 2016 was $750,000. 

Condo Median Price for November 2016 was $395,000. According to HBR statistics, this was a... 13.7% increase over November 2015.

What was the Median Days on Market for Condos in November 2016? The Median Days on Market for Condos in November 2016 for Oahu, Hawaii was 15 days, down 31.8%.

The Median Price for a Condo in the 1-2-3 TMK Area (Ala Moana - Kakaako) in November 2016 was... The Median Price for a Condo in the 1-2-3 TMK Area (Ala Moana - Kakaako) in November 2016 was $545,000.

$625,000 was the Median Sale Price in November 2016 for... $625,000 was the Median Sale Price in November 2016 for TMK 1-9-1 (Ewa Plain) Single Family Homes, up 9% from November 2015.

A buyer pre approval type of letter from a reputable lender is practically a required document to include when submitting an offer to be competitive. True.

The Median Sales Price of Single Family Homes in TMK 1-3-6 to 1-3-8 (Aina Haina to Kuliouou)for November 2016 was... The Median Sales Price of Single Family Homes in TMK 1-3-6 to 1-3-8 (Aina Haina to Kuliouou)for November 2016 was $957,500, down 48% from November 2015.

The average percentage of original listing price received for SFH and Condos in November 2016 was.. The average percentage of original listing price received for SFH and Condos in Oahu, Hawaii in November 2016 was 98-99% of original list price. 

The Median Price of Single Family Homes in early 2007 was approximately...The Median Price of Single Family Homes in Oahu, Hawaii in early 2007 was approximately $600,000.

The Median Price of Single Family Homes in early 1997 was approximately... The Median Price of Single Family Homes on Oahu, Hawaii in early 1997 was approximately $320,000.

The Median Price of a Condo in early 2000 was approximately... The Median Price of a Condo on Oahu, Hawaii in early 2000 was approximately $130,000.

Thank you for searching for accurate answers to Oahu, Hawaii's Real Estate Statistics. 

Keep in touch at https://www.facebook.com/RickNakamaR/. 

I posted these answers to these real estate statistics questions in this blog post to help answer the quiz I posted here: https://www.facebook.com/RickNakamaR/posts/10154241249114001. 

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, Hawaii Real Estate Hotsheet 2/21-2/24/13 & a Scenic Towers update.

Sunday's Hotsheet.

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

       Customer Short Page

What did it sell for? 

http://instagram.com/p/Tbi8BRlxjk/
Scenic Towers
The day that I happened to be there
to see the new listing, there was a
helicopter lifting the hot water tank
off the roof. Interesting site!

On this morning's hotsheet, ML 1213530, a listing by Coldwell Banker Pacific Properties, has closed. This was a listing for a 1 bedroom apartment in the highly desired Moiliili area condominium, Scenic Towers (796 Isenberg Street Google Maps). I took a look at this listing at its first showing back in December and the list price was $309,000. It showed very well and, as expected, it immediately went into escrow. It recorded last week at $310,000.

The link(s) sent with this email will expire in 30 days on 3/26/2013.
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 1/23-1/25/13 & HBR Local Market Update - Moiliili Neighborhood Highlight.

Aloha Friday Hotsheet.

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

       Customer Short Page

In the hotsheet this morning, there are a couple of updates in the Moiliili area that I will highlight.

First is another unit in the Hausten has closed. Last week I posted about unit 903 closing at list price in under 30 days [post]. On today's hotsheet you will see unit 608 [ML 1211194 listed by iProperties Hawaii] was on the market at $295,000 and recorded at $301,500. This shows how desirable the units in this building can be for people shopping for an apartment in the Moiliili area.

The second listing is a multi-family A-2 Medium Density Apartment property. This is described as "three one bedroom units and one three bedroom units". 648 University Ave [ML 1300883] is listed by Ivy K Realty LLC for $1,130,000. I'm mentioning this property because at the presentation about "small developments" earlier this year, it was mentioned that many small developers will be entering the Hawaii market and Moiliili is going to see a lot of changes related to this.

December 2012 Local Market Update
Makiki-Moiliili Condos

Last week, the Honolulu Board of Realtors released the Local Neighborhood Statistics. This report does not reflect the 2 recent listings that I am featured above. Take a look at the report to compare how the neighborhood(s) you are interested in are performing compared to others. The image is the a focus on the Makiki-Moiliili neighborhood condominiums (because that is how the MLS Data is sorted). See how the demand is for the area?


If you would like to keep up with additional information about the McCully and Moiliili neighborhoods, you can follow @McCullyMoiliili on Twitter. 

The link(s) sent with this email will expire in 30 days on 2/24/2013.





Source: Honolulu Board of Realtors Local Market Update December 2012:
https://docs.google.com/file/d/0B1femHhV09YVZEhyT3puMDlGTTg/edit

 

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 12/20-12-21/12 & St Louis Heights Activity Update

Aloha Friday Hotsheet.

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

       Customer Short Page

What did it sell for? - Saint Louis Heights Update.

In the past week's hotsheets, there were 2 Saint Louis Heights properties that have sold.

ML#: 1210412
This is 2038 St Louis Drive and it was last listed for $1,128,000
by Coldwell Banker Pacific Properties. The sale recorded at $1,050,000.

ML#: 1211798
This is 3055 Maigret St and it was listed for $1,198,000 by
Kahala Associates and it recorded for $1,150,000.

The link(s) sent with this email will expire in 30 days on 1/20/2013.

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 10/22-10/23/12 & What did it sell for?

Koi Pond oustide
East Oahu Realty, Inc.

Here's Tuesday's hotsheet.

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

       Customer Short Page

http://instagram.com/p/NZ_BfglxrC/
[ML 1208206]

On this morning's hotsheet there's a recorded sale up Saint Louis Heights that was on my #RealtyRickSees stream. It is 1482 Alencastre Street [ML 1208206] and it was listed by East Oahu Realty, Inc. for $1,062,000. As you walk down to the home from the carport, you pass through a very nicely finished, but manageable landscaped front yard. I really liked the way each of the rooms took advantage of the view. This home also had a studio on the lower level that showcased much of the same views that were available from the main floor of the home. It sold for $980,000.

The link(s) sent with this email will expire in 30 days on 11/22/2012.
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 8/22-8/23/12 6a & "What did it sell for?" update

Thursday'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 9/22/2012.

What did it sell for?

http://instagram.com/p/L1HIF8FxrU/
Amazing Diamond Head View from Aha Nui Place

http://instagram.com/p/L1Gcu0lxq4/
ML 1206497

Back in June, you may remember I posted, on my #RealtyRickSees Instagram Feed, a home on Aha Nui Place up Waialae Nui Ridge that had an amazing Diamond Head view. It was ML 1206497, listed by Coldwell Banker Pacific Properties for $1,999,900. This home was also blogged by Melissa Chang in her Honolulu Magazine Real Estate Blog [post]. This property is the update to my "What did it sell for?" blog tag. It sold for just a few bucks OVER the list price and recorded at $1,999,999! How do you like that price to edge our the competition?

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 6/6-6/7/12 745a & a look at 1-3-9 under $800,000

http://instagr.am/p/LlNeFplxmj/
Finally made it into the new venue of
the East Oahu Regional Meeting.
Mayor Carlisle will be presenting an
update on the rail project.

 Here is the Thursday morning hotsheet.

       Customer Short Page

Earlier this week, Honolulu Magazine posted a blog about a new East Oahu Realty listing in Kalama Valley. There was a comment posted on the Facebook Post asking for the other seven properties that the blog referred to. I decided to run the report for the TMK area 1-3-9 for the past 6 months with a price of $800,000 or less so that it could be referenced.

Here is the report that includes the properties in escrow and sold.

Customer Short Page 1-3-9 under $800,000
CMA Page 1-3-9 under $800,000

East Oahu Realty, Inc listing
on Kaeleku Street in Kalama Valley

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

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 5/26-5/27/12 945a & Sunday Open House Guide

Here is the Sunday hotsheet.

       Customer Short Page

http://instagr.am/p/LJPF1KFxrt/
A view of Kakaako overlooking the
pool deck at Maunaihi Terrace
1031 Maunaihi Place

On this morning's hotsheet is a new listing at Maunaihi Terrace by iNet Realty. This one caught my eye because it has 2 parking spaces. It is rare to find a 2 bedroom (not a large one, but it is a 2 bedroom) with 2 parking spaces, in this price range, in town. The other units that listed and sold since January of 2011 only conveyed with 1 parking space.

Here is the market activity for Maunaihi Terrace since January of 2012: Customer Brief for Maunaihi Terrace. If this is a building you've had your eye on, but the parking was always the concern, what would that additional parking space be worth to you? Of course, you also need to consider the direction that the unit faces because the view is also an important consideration to most people.

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 12/30/11-1/3/2012 3p

Happy New Year!

Here is my first hotsheet post for the new year.

       Customer Short Page

On this hotsheet, you will see a few closings that I've been keeping an eye out for to see what they sell at.

Listed  by East Oahu Realty, Inc.

The first one is Sherman Park Place.  This is a small 2 bedroom house that I thought was a very nice home for those buyers with a condominium apartment type of budget, but would be more comfortable in a house.  Unfortunately, none of the people I had in mind really wanted this one so I just watched it to see what it sold for.  As I expected, it sold for the full asking price of $439,000

The second home that I have been watching is on Terrace Drive in Manoa.  This was listed for $940,000 and closed for $950,000 cash according to the records.  This house was listed by Prudential Advantage.

This was listed by Diane Ito (R) CBPP

The third home that I have been watching is on St Louis Drive.  It is the original house of a CPR'd lot at the corner of Robert Place.  You may have spotted the new construction house on the Robert Place side of the corner closed a couple of weeks ago for $800,000.  The original house has now closed for $700,000 cash.  My preference between the two homes was this original house on the St Louis Drive side of the corner.  If you saw these, which house was more your style?

The renovated unit that sold.

The last place that showed up as closed is a 2 bedroom condo unit in Hale Kaheka.  These 2 bedroom units don't come of the market that often because there are only 2 per floor.  This particular '05 unit was on a high floor and renovated, listed by Prudential Locations.  It closed quickly and just under the list price at $452,500.  There is another 2 bedroom on the market on a lower floor on the opposite '01 side and that unit, listed by Help-U-Sell, just adjusted their price down a bit to $434,000.


Click on the photos to see more details about those listings that I mentioned.

The link(s) sent with this email will expire in 30 days on 2/2/2012.

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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 12/28-12/29/11 830a

Here is Thursday morning's hotsheet.

       Customer Short Page


There has been quite a bit of activity in my neighborhood during the last week.  A couple of good homes closed recently.  1823 St. Louis Drive and 2987 Robert Place B both closed for $800,000.  Each had benefits of their own and probably appealed to totally different people.  A new listing, 1492 Kalaepohaku Street, also came on the market at $630,000.  It is a "fixer-upper", but certainly priced well.  I understand they have received multiple offers.

Here is the recent activity for St. Louis Heights: Customer Brief Report.

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

Paper or Plastik

During my week in Los Angeles, the second spot that I was able to enjoy coffee at was called Paper or Plastik.  Here is my blog post about that delicious coffee experience.

Coffee at Paper or Plastik 

Information is believed reliable, but is not guaranteed.

Honolulu, Hawaii Real Estate MLS Hotsheet 10/13-10/14/11 830a

Here is the Friday morning hotsheet being sent from the Ala Moana Hotel where we're having our Honolulu Board of Realtors Broker's Forum.

         Customer Short Page

The link(s) sent with this email will expire in 30 days on 11/13/2011.

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.



Check out the 2 closings at Scenic Towers.  I've been tracking that building for years and have been watching these 2 recently listing units [Scenic Towers].  How do you like those closing prices!?  It's a great building that is very popular to buyers in that market place.

Information is believed reliable, but is not guaranteed.

1808 Waiola Street #6, Honolulu, Hawaii 96826 MLS #1007731

1808 Waiola Street #6 MLS #1007731 Rick Nakama (R) East Oahu Realty, Inc. http://RickNakama.com

$160,000 Fee Simple - SOLD 6/22/11 $142,000
Approximately 382 Square Feet Interior Space
1 Bedroom with Walk-In Closet
1 Bathroom
Hardwood Floors
Great location for in town convenience!
Open House Wednesday, June 16, 2010 at 930a-1130a.

Rick Nakama (R) GRI, SFR, SRES
808-382-6761 M
RickNakama@Gmail.com
East Oahu Realty, Inc.
6600 Kalanianaole Hwy #114
Honolulu, Hawaii 96825

**All information is deemed accurate from a reliable source, but is not guaranteed.**