Greetings!
This month's newsletter discusses Double Dip and Hawaii Real Estate, a look at whether or not a possible double dip recession will affect the Hawaii real estate market. Also, be sure to Like our page and suggest it to a friend for a chance to win a $25 Ala Moana Gift Card as we conclude our Summer of Fun contest. You'll also find us on Twitter, where you can get quick tidbit updates. Enjoy this month's newsletter and please this to a friend. |
| Double Dip and Hawaii Real Estate | |
This video discusses how Hawaii Real Estate is performing in the midst of talk about a double dip recession. Though we have increasingly negative news about our national economy, Hawaii does stand out as a bright spot on the map. The real estate indicators also point out that the Hawaii market is stabilizing and is poised to improve in the coming years. Featured is some of Paul Brewbaker's research on price movements. Paul is the Principal of TZ Economics. His background is in research on the Hawaii economy and financial risk analytics from an affiliation with Bank of Hawaii of more than 25 years, concluding as its Chief Economist. For more information on the Oahu real estaete market visit our How's the Market page. |
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First Friday in Chinatown |  First Friday is coming up in a couple of days and we wanted to give you a first hand preview of the event. First Friday is a monthly event that brings culture, art, galleries, shops, restaurants and entertainment to the people of Honolulu in Chinatown. It happens on the First Friday of each month typically boared by Smith, Hotel, and Bethel Streets. It is open to all ages however alcohol is being served in licensed establishments and the scene typically attracts young adults and professionals. Join Andrew Leong as he takes you to a couple of retail shops and through the streets of Chinatown. For more information on this neighborhood or any other on Oahu please visit our website or like us on our facebook page.
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August 2011 Real Estate Update |
 During July, sales of 251 single-family homes and 300 condominiums were reported through the Board's MLS, decreases of 7 % and 8.3 % respectively, for single-family homes and condominiums from July 2010. The median price paid for island properties in July was $591,000 for single-family homes and $277,000 for condominiums, decreases of 2.2 % for single-family homes 7.7 % for condominiums, compared to the same month last year. According to the Days on Market indicator, sales of single-family homes closed at a faster pace last month compared to a year ago, with homes listing for 34 days. Condominiums closed at a similar pace last month compared to a year ago, listing for 37 days.
"The good news is that the pace of sales of Oahu single-family homes and condominiums is not slowing down," said Joyce Nakamura, President of the Honolulu Board of REALTORS®. "On the flip side, we are seeing dips in the number of sales and median prices over this same time last year. Buyers may find opportunities in the condo market if the pricing trend continues."
For market statistics charts and more information click here. |
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In this market there are many questions regarding changes in lending programs, tax incentives, and distressed properties. It's one thing to read about them in the news, but another to find out how these issues personally affect you. We'll be glad to have a complimentary consultation where we can discuss your current real estate needs.
As always, thank you for your support and graciously referring your friends and family.
Sincerely,
Choice Team |
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Brandon Lau (R) 230-1234 Andrew Leong (RA) 230-3017 Annie McCrea (RA) 294-3294 choicehomeshawaii.com |
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Allure Waikiki
New price releases. New enhancements designed for the lobby and recreation area. Also, four newly designed models available for preview. | |
Contact us for more information or to arrange a tour for any new projects. |
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 Tradewinds Plaza #1006
Open House
Sunday 9/4 2-5pm
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Prime location for an Oahu getaway, 5 minutes walk from Waikiki Beach, Kapiolani Park and to popular shops and restaurants. Desirable studio in Tradewinds Plaza, remodeled with new carpet, appliint. Well managed building with secure entryway and gated parking. If tax class is changed from Hotel & Resort to Non-Homeowner, property tax would be $64.00 per month. |
229 Paoakalani Ave 901
Open House
Sunday 9/11 2-5pm
Well maintained corner unit with mountain views. Enjoy an afternoon on the recreation deck complete with pool, bbq grills & tennis court or relax on your lanai with the cool mauka breeze. Can be owner occupied or managed in Aston Hotel's rental pool. Minutes walk to Kapiolani Park, the Zoo or Waikiki beach. A pet friendly building.
626 Aipo Street
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Expanded single-level home with fully insulated double-wall construction. Located on private cul-de-sac. Completely remodeled kitchen and baths, new vinyl windows, new closet doors, newer laminar flooring and carpet. Spacious living area with large master bedroom and walk-in closet. Large garage space provides ample storage. |
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