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® 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.

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 5/1/2013.

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 3/9-3/11/13 & "What did it sell for?" in Nuuanu

Monday'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/Uui6lelxi9/
ML 1300702 43 Coelho Way - Nuuanu
I posted this picture of this cute kitchen that I, personally, would love to be cooking in. It was in a Nuuanu home that seemed to really match this classic, but functional kitchen. This home was listed by Properties of the Pacific, LLC. for $1,039,000 and it just recorded for $1,100,000.  It showed very well and I'm sure many shoppers fell in love with it.

The link(s) sent with this email will expire in 30 days on 4/10/2013.

On foursquare, search for
Rick Nakama, REALTOR®.

Check out my new Foursquare Check In Campaign Specials! 

https://foursquare.com/v/rick-nakama-realtor--east-oahu-realty-inc/5074d68be4b05ab50051a567

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, Hawaii Real Estate Hotsheet 2/28-3/2/13 & "What did it sell for?" updates.

Saturday morning'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/UKlBKslxmY/
ML 1213438
3330 Wauke Street was listed for $924,000 by iProperties Hawaii.  This home was in the area of Kapahulu closest to the slopes of Diamond Head. The location featured a very quiet setting on a street not often traveled by those who don't live on the street. The home also had a bonus, a finished basement with a bathroom. It recorded for $895,000.

http://instagram.com/p/UR0eN6Fxio/
ML 1300273
756 6th Avenue listed for $1,095,000 by Prudential Locations, LLC. This home features new construction and the features that come with new construction in a neighborhood/area with a lot of very old homes that may be in original condition or renovated. Many renovated homes cannot offer the features that a newly constructed home like this one offered. This listing immediately entered escrow and it has recorded for the listed price.

http://instagram.com/p/TJuTJKlxkF/
ML 1212967
2271 Halekoa Drive (Waialae Nui Ridge) was listed for $1,888,888 by Century 21 Kailua Beach and it recorded for $1,820,000. This home featured an amazing panoramic view in the south east direction and a second kitchen in the lower level living area that had a separate entrance. The entire home was renovated very well.

The link(s) sent with this email will expire in 30 days on 3/31/2013.
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 2/25-2/26/13 & activity update up Saint Louis Drive

 Tuesday's Hotsheet.



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

       Customer Short Page

#RealtyRickSees (My Real Estate related Instagram Hashtag.)

https://www.facebook.com/RickNakamaR/posts/424048137675179
1569 St Louis Drive ML 1301946

Last week on #RealtyRickSees, I immediately took a look at the latest listing up Saint Louis Heights because of how quickly homes have been selling under the current market conditions. 1569 Saint Louis Drive [ML 1301945 listed by Island Realtors] came on the market at $695,000 for a 2 bedroom and 1 bath home with a Diamond Head view. The listing status has changed to reflect it entering escrow within a few days of coming on the market.

I will monitor the listing to see the recorded sales price.

1569 St Louis Drive ML 1301946

The link(s) sent with this email will expire in 30 days on 3/28/2013.
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 Board of REALTORS® January, 2013 Local Market Update Statistics Report

Snap Shot of Page 21 - Waikiki Market [Full PDF]

The Honolulu Board of REALTORS® released the Local Market Update Report for January, 2013.

Browse through the report to see how neighborhoods that you may have interest in compare to others. Is it more active? Less active? More or less in price? Is it time to sell or time to buy?

You can see the full PDF Report at this link or clicking the embedded report below.

If you have not reviewed the January, 2013 Resale Statistics yet, here is the link.

https://docs.google.com/file/d/0B1femHhV09YVdWxmYXViUFVpVEk/edit?usp=sharing

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
Direct Fax: (808)447-2318
RickNakama@GMail.com

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

Honolulu, Hawaii Real Estate Hotsheet 2/3-2/5/13 & an introduction to Ventus Design

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 3/7/2013.

Reiko Lewis - Ventus Design
5888B Kalanianaole Hwy, Honolulu, HI 96821
http://ventusdesignhonolulu.com/

At this morning's meeting, we had Reiko Lewis from Ventus Design give her presentation to us about her specialty, Certified Aging-in-Place (CAPS) Design. Her examples and statistics of the need and requirements of an aging-in-place design were excellent. This morning's presentation was just a brief introduction to her interior design services, but from what I've seen, it would be worthwhile to contact her if you are thinking of any renovations or building from scratch to get the advantages of her CAPS designs that do not disrupt the "normal" life style.

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 Board of REALTORS® Released the December 2012 & Year End Residential Resale Statistics.

The residential resale statistics were released by the Honolulu Board of REALTORS® last week.

The median sale price for single family homes has remained steady with a .8% drop to $600,000. There was an increase in number of closed sales by 8.6%, 291 sales. The average sales price for a single family home in Oahu for the month of December was $855,199, up 24.7%.

Oahu's condominium market has picked up quite a bit in December. The median price was at $335,000, a 17.5% increase. There were 401 closed sales which was a 20.4% increase. The average sales price of a condominium during the month of December on Oahu was $393,083, a 19.3% increase.

The reflects the unusually active real estate market that I have been encountering out in the field. There are always sales that are pressured to close by the end of the year, but usually activity is quieter during the November and December holidays. This was definitely not the case for me during the last two months. That increased activity has continued through to January so it does not seem like it was just a bunch of people that wanted to close a transaction by the end of 2012.

Hawaii Association of REALTORS® chart of 2012's year over year statistics.

The Hawaii Association of REALTORS® has released the annual statistics for Oahu's real estate market.

The median sales price for single family homes is up 8.47%, at $624,908, from 2011's statistics. The low in the last 5 years was in 2009, a median price of $573,750.

The condominium market is also showing an increase. The median sales price for 2012 is up 2.48%, at $316,021. The low in the last 5 years was in 2010, a median price of $305,667.

Source: Honolulu Board of REALTORS® December 2012 Residential Resale Statistics.

Rick Nakama, REALTOR® - RickNakama@GMail.com - (330)282-6761 - Facebook - Connect

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, Hawaii Real Estate Hotsheet 10/17-10/18/12 & the HBR Local Market Update Report

Here is 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 11/17/2012.
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.

The Honolulu Board of Realtors published the Local Market Update Report earlier this week. I was not able to get it up on my blog right away, but here it is. This is the report that allows you to see the data for your particular neighborhood.
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