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 ...

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 ...

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 ...

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 ...

A federal report suggests O'ahu home prices may be in a rebound, joining other indicators that a housing market turnaround is strengthening. The Federal Housing Finance Agency yesterday reported that O'ahu single-family home values in the fourth quarter of last year declined 5.8% compared with the fourth quarter of 2008, smaller than the ...

2009 was the year of "wait and see, the market will probably go lower."  2010 is going to be the year of the Tiger, the time to "take advantage of the market." Here are 3 reasons you should consider calling me soon to discuss listing your Hawaii Kai home: 1.  Sell low and buy low:  all property values are ...

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 ...