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Our Platinum Program for Sellers features an exclusive web site just for your property. With over 80% of the buyers* searching for homes on the internet, we need to get the information to them as quickly and as easily as possible. A web site created for your property with all the information a buyer would need, advertised 24/7 is a powerful tool to sell your property faster! Our sites include links to bus schedules, neighborhood schools, shopping, restaurants, golf courses, grocery stores, copies of forms, property data, TMK maps, and more. List your property with us and ask your agent to create a web site just for you!  Click here to see a sample Platinum Program web site.   *statistics provided by NAR 2008 survey 

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We can manage your investment real estate and advise you on your real estate portfolio. For more information about our services click here - Property Management Services. If you would like to read and print out a copy of our management agreement, click here - Property Management Agreement.

RENTERS!
Looking for Oahu rental properties? View our available inventory of Honolulu Rental Properties. We make it easier for you to find a home without the hassle of driving all over the island! We give you a detailed description of the rental unit as well as photos.

OAHU REAL ESTATE MARKET ANALYSIS 

July numbers are encouraging and showing us that the residential real estate market on Oahu is well on its way to recovery.  Inventory depleted again in July in comparison to the same time last year.  Single family inventory (SF) decreased by 18.2% and condo inventory (CND) was down by 17.5%.

Days on Market decreased 13.3% down to 39 days for SF and down 35.7% to 36 days for CND.

Median Prices have been consistently stable from year to year up 1.7% SF to $605,000 and down 2.7% to $299,000 for CND.  I interpret that as a healthy sign because stabilization is what we need right now and equilibrium is good.

That said, we are still seeing signs of multiple offers and more competition for the best priced properties.  The market on Oahu for lower priced inventory is definitely heated and it's not uncommon to see 4 offers in on a well priced property. 

Our pending sales figures are up 12.6% for SF and up 6.7% for CND so we're selling more units at a faster pace and depleting our inventory with very little new development going on.  Does that sound like a recipe for a market turn-a-round?  I think so!

 
I just got back from an NAR leadership summit in Chicago (Aug. 4-7) with all the 2011 Presidents from Boards and States across the country as well as the Executive officers of each Association.  There were approximately 1800 of us at this leadership retreat.  Lawrence Yun gave his economic forecast (to read his forecast click here) and the overall numbers nationwide showed a dip in activity which he interpreted as a possible slow down. With the end of the Federal Government’s $8000 tax credit for first time home buyers, a lull was expected and the numbers showed that.  But what was interesting was a poll that we took during the meeting.  The question was asked, "how does your market compare to the report that was just given".  The REALTORS are the ones on the front line dealing with the consumers so if anyone should have a direct pulse on the market, it should be those on the street.  We were asked to text our answer in at that time and the poll was posted as the votes came in.  Surprisingly, the majority of the votes came in as same or better than what was described which confirmed what I was hearing as I met with other presidents from across the country. 
 

As we say, "all real estate is local", so you need to drill down to those individual markets to see what's going on.  Here on Oahu, buyers are out shopping with a vengeance and snapping up the remaining deals that are out there.  Interest rates are at an all time low within the 4% to 5% range so its not a stretch to think that buyers are seeking to buy something now.  If you are thinking about buying, I wouldn’t wait any longer because the rest of the buying public isn’t! I'm out there shopping and putting offers in on property so that should give you a hint that this is real. 

Remember, if you are thinking about buying or selling, please give us a call, we’ll be glad to assist you in any way we can!  

*statistics provided by the Honolulu Board of REALTORS and National Association of REALTORS