Barbara Abe, Your Hawaii Kai Realtor

A recent article in the StarAdvertiser explained why the foreclosure problem is hurting Hawaii condos even more than single family housing.  There are 2 main reasons.  When an owner stops paying the association fees, this hurts all owners in the project, and may force the complex to raise fees.  Also, when units sell for low prices ...

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 housing market, an industry group said Thursday that sales of existing homes fell 5.1% in ...

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 - $837,706 Days on Market 2009 - 29, 2010 - 36 Inventory at Month End 2009 - 125, 2010 - ...

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 from $845,123 last year % of original list price received at sale - 93.4%, up from 89.2% ...

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 a 3 bedroom/1.5 bath home in Koko Head Terrace, to $7,800,000 for a stunning custom home in ...

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 being affected by the unemployment numbers in the state and the drop in values in many ...

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 the links.  Here are the April numbers for Hawaii Kai. Hawaii Kai Single Family ...

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.  So when asked, I try not to say, "It's slow" or "Prices are down ...

The Honolulu Board of Realtors is publishing new statistical data now for neighborhoods on Oahu, organized by TMK.  For Hawaii Kai, this is 1-3-9.  The new format comes with graphs, with single family homes and condos on the same page.  Shown are Year-to-Date (YTD) New Listings, Closed Sales, Median Sales Price, % of Original List ...

There were 11 sales in February of single family homes in Hawaii Kai. Prices ranged from $545,000, for a 3/2 home in Kalama Valley, to $2,500,000 for a gated view 4/3.5 home in Koko Kai on Hanapepe Place.  Communities represented in the sales were Kalama Valley (3), West Marina (2), Kamiloiki, Koko Head Terrace, Mariners Cove, Anchorage, Luna ...