Barbara Abe, Your Hawaii Kai Realtor

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 ...

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 also reported that in Honolulu 7.5% or 12,113 of all residential properties with a ...

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 ...

New, naturally formed beach land above the high-water mark in Hawaii belongs to the public, not adjoining property owners, the Intermediate Court of Appeals has concluded.  The court upheld provisions of a 2003 law that declared that future land formed through accretion belonged to the state. The judges said, however, that oceanfront private ...

Single Family Homes 18 homes sold in Hawaii Kai in December, compared to 13 last year.  Median sales price was $784,500, vs. $885,000 in 2008. For the year, 182 homes sold, compared to 161 last year.  Median sales price was $795,000 vs. $850,000 in 2008. New listing activity decreased to 16 in December vs. 18 last year, and median ...

O'ahu property assessments are down about 6.7 percent from a year ago, according to notices being mailed out this week to 284,000 property owners islandwide.  The 6.7 percent is less than the 10 percent drop in assessments that had been projected by budget officials just last week By geographical district, the Wai'anae Coast's ...

Home sellers and potential buyers nationwide welcomed the recent news that Congress had decided to extend and greatly expand the Home Buyer's tax credit in an attempt to further stimulate the economy. Not only does the new legislation extend the existing first time buyer's credit until mid-next year, but it also creates a tax credit for ...

East Oahu Single Family: In October, total sales decreased from last year, to 391 from 428.  Median sales price also decreased, to $832,000 from $899,500. Months of inventory remaining was 3.7 as of month-end, compared to 14.0 months last year. East Oahu Condos: In October, total sales decreased from last year, to 226 from 276.  ...

The Honolulu Board of Realtors has released sales figures for September, which show a positive trend upward. Total number of single family sales for the island were 244, compared to 215 in Sept. 2008. Median sales price was $600,000, vs. 590,000 a year ago.  Total sales for the first nine months on Oahu were 1,788, a decrease of 16.2% over ...

I've finished the Complete Hawaii Kai Relocation Package and the Hawaii Kai Condo Relocation Package with sales data through June, 2009, and updates on new waterfront condo complexes that have sold this year. Request your free copy at my web site, MovetoHawaiiKai.com, or for condos only, the Condo Page. Or just call/email for your free ...