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A report on NewsGeni.us was not encouraging for the real estate industry. While prices are up from last year, there is no clear trend toward a solid recover. Here are some excerpts from the article. "In the latest sign of renewed turbulence in the
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Building and modifying homes to accommodate multiple generations is increasingly popular as more Americans struggle to accommodate both their older parents and their grown children under the same roof. The National Association of Home Builders’
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The numbers for year-to-date sales and June closings in Hawaii Kai were both positive. Here are the details: Single Family June Sales 2009 - 15, 2010 - 17 Median Sales Price 2009 - $750,000, 2010 - $840,000 Average Sales Price 2009 - $924,667, 2010 -
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The Makeke o Maunalua Farmers' Market has a new name, but its mission remains to serve as the weekly community social for East Oahu residents to support local farmers. Opened a month ago in the parking lot of Kaiser High, it is now called the Hawaii
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According to the National Association of Realtors , existing-home sales remained at elevated levels in May on buyer response to the tax credit, characterized by stabilizing home prices and historically low mortgage interest rates. Gains in the West and
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According to detailed information about the characteristics of new homes completed in 2009 that was released recently by the Census Bureau, the size of new single-family homes completed declined last year, dropping to a nationwide average of 2,438 square
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Of 372 cities tracked by the US Bureau of Labor Statistics, Honolulu continues to have good numbers. The seasonally not-adjusted rate of 5.2% for Honolulu tied it with Billings, MT, as the 14th lowest, according to figures released by the agency. Bismark,
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May, 2010 showed a positive trend in real estate for both Hawaii Kai and East Oahu. Single family homes, Hawaii Kai Closed sales - 15, up from 13 last year Median sales price - $885,000, up from $750,000 last year Average sales price - $1,583,233, up
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18 condos sold in Hawaii Kai in May, ranging in price from $361,000 for a 1 bedroom on the 6th floor of the Mauna Luan, to $735,000 for a 3 bedroom/2.5 bath waterfront home in Kuapa Isle. 16 single family homes sold in May, with a low of $530,000 for
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You've probably seen on my Hawaii Kai Local Events page the solar open houses recently held in Hawaii Kai. Solar has a strong foothold here, and obviously Hawaii has the resource to make it a big industry. I've wondered for years why every house
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During weekends in May, all nationwide Costcos will be raising money for the Children's Miracle Network, to assist local hospitals with essential equipment. The Hawaii Kai Costco is attracting donations with music and food events contributed by area
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Foreclosures in Hawaii hit a 2010 high in April, even as the overall economy shows signs of modest recovery. The number in Hawaii runs counter to the trend nationwide, where the numbers dipped for the first time in 2 years. Our real estate market is still
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CoreLogic reports that 9.8% of all mortgages in Hawaii had negative equity in the 2010 first quarter, the 10th lowest percentage of any state in the country. Negative equity means the borrower owes more on the loan than the value of the home. The company
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The new company which is doing our Board of Realtors statistics now uses graphs in an easy-to-read format, and produces 3 reports: Monthly Indicators, Housing Supply Outlook, and Local Market Updates. If you would like any of these, just contact me for
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I'm asked the general question, "How's the market?" a lot, but interestingly, people don't really want a general answer. They want to know how the real estate market is in Hawaii Kai, or Portlock, or the Commodore condo building.
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