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, Hawaii Real Estate Hotsheet 5/12-5/13/13 and "What did it sell for?" in Palolo.

Click the following URL to see the listings:
Monday's Hotsheet.

http://instagram.com/p/Xp9bpslxgn/
3450 Paalea Street [ML 1303647]
This Palolo cottage featured a separate entrance for a room towards the rear of the home. A convenient feature for those that would consider renting to a housemate to help cover some expenses. This home was listed for $670,000 by Coldwell Banker Pacific Properties and immediately entered escrow after the first showings. It has recorded at $700,000. 

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).

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
Direct Fax: (808)447-2318
RickNakama@GMail.com
http://Facebook.com/RickNakamaR

This email may include advertising.  If you do not want to receive commercial e-mail from me, please reply and change subject to, "remove from mailing list".

DISCLAIMER: This message is only intended for the addressee named above. Its contents may be confidential, privileged or otherwise protected. Any unauthorized use, disclosure or copying of this message or its contents is prohibited. If you are not the intended recipient, (i) please do not read or disclose it to others, (ii) please notify the sender by reply e-mail or phone, and (iii) please delete this communication from your system. Any personal opinions expressed in this message do not necessarily represent the views of East Oahu Realty, Inc.

Thank you.

Honolulu, Hawaii Real Estate Hotsheet 5/5-5/6/13 and "What did it sell for?" near Wailupe Beach.

Click the following link to view ALL property listings
Click to View Listings

What did it sell for?

http://instagram.com/p/W-1RVKFxjB/
946 Wailupe Place ML 1302969

I viewed 946 Wailupe Place, listed by Prudential Advantage Realty [ML 1302969] for $850,000. This is a 2 bedroom cottage near the access to Wailupe Beach. This property immediately went into escrow and has recorded at $840,000.

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).

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
Direct Fax: (808)447-2318
RickNakama@GMail.com
http://Facebook.com/RickNakamaR

This email may include advertising.  If you do not want to receive commercial e-mail from me, please reply and change subject to, "remove from mailing list".  

DISCLAIMER: This message is only intended for the addressee named above. Its contents may be confidential, privileged or otherwise protected. Any unauthorized use, disclosure or copying of this message or its contents is prohibited. If you are not the intended recipient, (i) please do not read or disclose it to others, (ii) please notify the sender by reply e-mail or phone, and (iii) please delete this communication from your system. Any personal opinions expressed in this message do not necessarily represent the views of East Oahu Realty, Inc. 

Thank you.


Note: The Web link above will expire 30 days after the date of this email.

Honolulu, Hawaii Real Estate Hotsheet 5/3-5/5/13 and "What did it sell for?" in Manoa.

Click the following URL to see the listings:
Sunday's Hotsheet.

What did it sell for?

http://instagram.com/p/X8KjZtlxgW/
3210 Melemele Place, Manoa Woodlawn

About 4 weeks ago, I visited this special property in the Manoa Woodlawn area. 3210 Melemele Place [ML 1303016] was listed by Nedra Chung Realty, LLC for $998,000. This was described as a home designed by Alfred Preis and it is nestled up in the tropical Manoa forest and looks out to the Honolulu city skyline. The sale has recorded for $1,150,000 cash, $152,000 over the original listed price. 

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).

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
Direct Fax: (808)447-2318
RickNakama@GMail.com
http://Facebook.com/RickNakamaR

This email may include advertising.  If you do not want to receive commercial e-mail from me, please reply and change subject to, "remove from mailing list".

DISCLAIMER: This message is only intended for the addressee named above. Its contents may be confidential, privileged or otherwise protected. Any unauthorized use, disclosure or copying of this message or its contents is prohibited. If you are not the intended recipient, (i) please do not read or disclose it to others, (ii) please notify the sender by reply e-mail or phone, and (iii) please delete this communication from your system. Any personal opinions expressed in this message do not necessarily represent the views of East Oahu Realty, Inc.

Thank you.

Honolulu, Hawaii Real Estate Hotsheet 4/22-4/23/13 & "What did it sell for?" in Kaimuki.

Click the following URL to see the listings:
Tuesday's Hotsheet.

What did it sell for? 

http://instagram.com/p/WnkLH4Fxq5/
3850 Kilauea Avenue MLS 1302369
This Kaimuki home across Kapiolani Community College was listed by Real Estate Trading Corp for $988,000. It was a "fixer-upper" because the floors were unfinished and needed a lot of other work done to it for it to be comfortable for most people. I went to see it as soon as it came on the market and there was already an accepted offer. It has recorded for $968,000. 

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).

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
Direct Fax: (808)447-2318
RickNakama@GMail.com
http://Facebook.com/RickNakamaR

This email may include advertising.  If you do not want to receive commercial e-mail from me, please reply and change subject to, "remove from mailing list".

DISCLAIMER: This message is only intended for the addressee named above. Its contents may be confidential, privileged or otherwise protected. Any unauthorized use, disclosure or copying of this message or its contents is prohibited. If you are not the intended recipient, (i) please do not read or disclose it to others, (ii) please notify the sender by reply e-mail or phone, and (iii) please delete this communication from your system. Any personal opinions expressed in this message do not necessarily represent the views of East Oahu Realty, Inc.

Thank you.

Honolulu, Hawaii Real Estate Hotsheet 4/20-4/21/13 & "What did it sell for?" in Manoa.

Click the following URL to see the listings:
Sunday's Hotsheet.

What did it sell for?

2941 Poelua Street MLS 1209174
Most recently listed for $875,000 by Kleinco LLC.
Sold $849,000 4/19/13.

I visited this listing a couple of times. It started on the market at $888,000 in August 2012, fell out of escrow once and adjusted price to $875,000 in January 2013. It is now recorded as sold for $849,000.

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).

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
Direct Fax: (808)447-2318
RickNakama@GMail.com
http://Facebook.com/RickNakamaR

This email may include advertising.  If you do not want to receive commercial e-mail from me, please reply and change subject to, "remove from mailing list".

DISCLAIMER: This message is only intended for the addressee named above. Its contents may be confidential, privileged or otherwise protected. Any unauthorized use, disclosure or copying of this message or its contents is prohibited. If you are not the intended recipient, (i) please do not read or disclose it to others, (ii) please notify the sender by reply e-mail or phone, and (iii) please delete this communication from your system. Any personal opinions expressed in this message do not necessarily represent the views of East Oahu Realty, Inc.

Thank you.

Honolulu, Hawaii Real Estate Hotsheet 4/19-4/20/13 & a "What did it sell for?" update in Aina Haina.

Click the following URL to see the listings:
Saturday's Hotsheet.

What did it sell for?
Just to give an idea of how unpredictably high some offers are being made on listings that are priced well, I am pointing out this property that just recorded a sale on this morning's hotsheet. 

5544 Opihi Street MLS 1302752
Listed for $795,000 by Prudential Locations.
Sold for $876,500 4/19/13, 9 Days on Market.

5544 Opihi Street in Aina Haina was listed for $795,000 by Prudential Locations in mid-March. This area is considered one of the "hot" markets in Honolulu with a lot of buyer competition and many buyers with cash offers. This home that was constructed in 1951 that appears to have no significant recent renovations or upgrades to it has recorded with a sales price of $876,500. That is $81,500 over the original asking price of the home.

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).

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
Direct Fax: (808)447-2318
RickNakama@GMail.com
http://Facebook.com/RickNakamaR

This email may include advertising.  If you do not want to receive commercial e-mail from me, please reply and change subject to, "remove from mailing list".

DISCLAIMER: This message is only intended for the addressee named above. Its contents may be confidential, privileged or otherwise protected. Any unauthorized use, disclosure or copying of this message or its contents is prohibited. If you are not the intended recipient, (i) please do not read or disclose it to others, (ii) please notify the sender by reply e-mail or phone, and (iii) please delete this communication from your system. Any personal opinions expressed in this message do not necessarily represent the views of East Oahu Realty, Inc.

Thank you.

Honolulu, Hawaii Real Estate Hotsheet 4/17-4/19/13 & "What did it sell for?" update on a Kaimuki home.

Click the following URL to see the listings:
Friday's Hotsheet.

What did it sell for?

http://instagram.com/p/VSs_qblxoI/
1178 Luawai Street, Honolulu 96816 MLS 1301273
This Kaimuki home was listed in February by Property Center Inc. for $899,000 and after seeing the home on at the first showing, it was obvious that the home would sell quickly. After just a little more than a week on the market, the home was in escrow. The sale recorded at $880,000.  

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).

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
Direct Fax: (808)447-2318
RickNakama@GMail.com
http://Facebook.com/RickNakamaR

This email may include advertising.  If you do not want to receive commercial e-mail from me, please reply and change subject to, "remove from mailing list".

DISCLAIMER: This message is only intended for the addressee named above. Its contents may be confidential, privileged or otherwise protected. Any unauthorized use, disclosure or copying of this message or its contents is prohibited. If you are not the intended recipient, (i) please do not read or disclose it to others, (ii) please notify the sender by reply e-mail or phone, and (iii) please delete this communication from your system. Any personal opinions expressed in this message do not necessarily represent the views of East Oahu Realty, Inc.

Thank you.

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 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 3/6-3/8/13 & "What did it sell for?" in Manoa

 Aloha Friday Hotsheet.

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

       Customer Short Page

What did it sell for?

http://instagram.com/p/RvjuILlxv2/
ML 1212107 2320 Ferdinand Ave
This Manoa home was listed by James Kometani, Inc. for $1,975,000. It has sold for  $1,825,000.

http://instagram.com/p/Ujp2-IFxks/
ML 1300502 2657 Terrace Drive
This Manoa home had a great view of Diamond Head and Waikiki.  It was a nicely  renovated classic. It was listed by Distinctive Homes Hawaii, LLC. for $1,298,000 and it sold for $1,350,000. 

There are a few new Manoa listings that appear on today Hotsheet. What do you think they'll sell for?

The link(s) sent with this email will expire in 30 days on 4/7/2013.
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 2/28-3/2/13 & "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, 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 1/17-1/19/13 & "What did it sell for?" update.

Saturday morning hotsheet.

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

       Customer Short Page

What did it sell for?

Hausten 903 [ML 1213465]
Listed by Prudential Locations LLC
http://statigr.am/p/351670379189050086_30946477

Less than 30 days ago, I visited a hot new listing in the Hausten Condominium and it was on my #RealtyRickSees stream. The Hausten features 1 bedroom units that are 2-level. It's not the most ideal floor plan for everyone (specifically those that do not want stairs), but the lay out is popular among many other people. The Hausten is also a pet friendly building in an area that is considered convenient for those that are looking for something in "town".

This 9th floor unit featured a great panoramic view of Waikiki and it was very clean with new carpet. This sold for the list price of $299,000 in under 30 days. There is no doubt that it was a nice listing!

This type of response has been typical in the market for the last few months and the competition is increasing as more an more people realize that it is. Are you ready to jump on that hot new listing to be sure you have a chance to get what you want or need?

The link(s) sent with this email will expire in 30 days on 2/18/2013.
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® 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

Honolulu, Hawaii Real Estate Hotsheet 1/3-1/4/12 & What did it sell for up Saint Louis Heights?

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 2/3/2013.

What did it sell for?

http://instagram.com/p/Tzl1YSlxqk/
Last week Friday's sunset view from
Saint Louis Heights.

In the hotsheet today, there is a sale that closed on the lower part of Alencastre Street, Saint Louis Heights. It is ML 1212074, listed by RE/MAX Honolulu, and it was listed as a 2 bedroom home at $649,000 and it recorded as sold for $595,000.

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.