14. May 2020 · Comments Off on Oahu Market Report – April 2020 · Categories: Hawaii Real Estate · Tags: ,

We’re pleased to share the Oahu real estate update for April 2020.

As anticipated, the Oahu housing market is confronting challenges amid the Coronavirus pandemic, including a steep decline in sales and listings.

Closed sales for single-family homes and condos were down more than 20%, and new listings decreased by 42% compared to this time last year. However, the median sales price for single-family homes and condos rose slightly to $809,000 and $450,000, respectively.

The most sales activity for single-family homes occurred in the $500,000 to $999,999 price range. However, closed sales in this range were down 28% compared to the same time last year. Sales $1 million or more fared almost even, with a 3% decline compared to 2019.

Condominium sales across all price ranges experienced a significant drop in sales activity. The most significant drop in sales occurred in the $200,000 to $299,999 range at 56%. Mid-range sales between $300,000 to $599,999 were down by 24%, while sales in the $1 million and up category declined by 40%.

There continues to be a slowdown in the number of new listings coming onto the market due to the stay-at-home order that went into effect on March 23. New single-family home and condo listings in the $1 million and up range saw the largest declines at 51.4% and 58.1% respectively when compared to this time last year. Meanwhile, as mortgage rates continue to reach all-time lows, lenders are tightening credit standards thereby limiting the pool of buyers that can leverage this opportunity in their favor.

Only 26% of the current supply of active single-family homes were listed after the stay-athome order. Compared to the same time last year, listings put on the market made up 41% of the active single-family home inventory. Within the current supply of active condo listings, 24% of properties were listed after the stay-at-home order, compared to 37% during the same time period in 2019.

Sellers and buyers are exceedingly cautious as they juggle their perceptions and the reality of economic security amid these uncertain times. However, once consumers begin to feel some relief from the impacts of the pandemic, it’s likely we will see listing and buying activities slowly increase.


Courtesy of Honolulu Board of Realtors

21. April 2020 · Comments Off on 46-076 Ipuka Street, Kaneohe HI 96744 · Categories: Hawaii Real Estate, Luxury Living, New Listing · Tags: ,

List Sotheby's International Realty Hawaii

Enjoy stunning ocean views AND Kaneohe Bay access, a stone’s throw from your front door! Appreciate modern, single-level living in one of the most coveted neighborhoods on the Windward side. Alii Bluffs offers the perfect location in Kaneohe AND has public access way to a secluded cove on the water. This property is the epitome of island luxury. Recently installed hardwood floors flow throughout the open layout. Relax on the spacious front covered lanai or enjoy quality time in the private and fully enclosed indoor/outdoor living space in back. Large picture windows and high ceilings offer light and ocean breezes and even more views from the main living area. The remodeled kitchen and baths leave you with nothing left to do but move in!

46-076 Ipuka Street, Kaneohe HI 96744
Neighborhood: 
Kaneohe
3 bedrooms, 2 baths

To learn more about this property, contact:

Heather Selvitelle
HI License RB-22771
List Sotheby’s International Realty

4211 Waialae Avenue, Suite 100
Honolulu Hawaii United States 96816
20. April 2020 · Comments Off on Property Video is the Way Forward in Real Estate · Categories: Hawaii Real Estate, Press Releases · Tags:

If a picture paints a thousand words, a video can tell more. Video content has been gaining importance, especially when it comes to engaging the consumer.

Traditionally, creating a video can take up a considerable amount of time and chalk up a good chunk of marketing dollars in terms of production cost. However, in recent years, video creation software has become more accessible, making it easier for any company (and individuals) to jump on the bandwagon of video creation.

Always at the forefront of technology, List International Realty Co., Ltd. (hereinafter “LIR”), a consolidated subsidiary of List Co., Ltd., has long anticipated the demand for property videos. A powerful way to draw attention to the property, a property video brings with it, amazing visuals enhanced with audio effects, such as voiceover or background music to project the vibes of the property.

Now, LIR has found a faster and easier way to create property videos through the use of VIDEO BRAIN, a video creation system powered by artificial intelligence (AI). VIDEO BRAIN will automatically edit the uploaded materials and match the accompanying text to the images before rendering the videos based on the required duration and dimensions. This greatly reduces the resources spent on video creation and allows LIR to create a video in as fast as five minutes.

LIR will be creating videos of approximately 200 properties using VIDEO BRAIN within this year.

Mr Shuichi Funatsu, Executive Officer from I.T Strategy Department under List Group shared, “We have been using videos to tell the story for our properties, allowing our customers to get a first glance of the property without physically visiting the site. With the rollout of the 5G network, more countries are moving at faster mobile speed and we expect to meet the pace of our users with greater performance and efficiency by producing rich content within a shorter turnaround time.” This is especially important for the real estate industry with the new norm brought by the current Covid-19 pandemic. A property video can give a preview of the property anywhere, anytime to potential homeowners, offering them a good understanding and appreciation of the property, even as travelling becomes restricted.

17. April 2020 · Comments Off on 92-1335 Hauone Street, Kapolei HI 96707 · Categories: Hawaii Real Estate, Luxury Living, New Listing · Tags: ,

List Sotheby's International Realty Hawaii

Prepare to be captivated and impressed as you walk in this home with breathtaking and unobstructed rim views of the all the best that Hawaii has to offer. A truly special home, ideal for entertaining. The use of space with a functional floor plan make it ideal for a design that will work for everyone looking for several family options. This home truly flows from one level to the next. Main level has a den that can be used as a bedroom and full bath, no stairs. Upstairs are all 3 bedrooms and the bottom floor can be used as an entertainment room or studio with separate entrance. Meticulously maintained and updated through the years, this home is equipped w/a 46 panel owned PV system, thermador gas stove, 3 zoned central air and so much more! Video tour and matterport all available here. Property Video: https://www.wellcomemat.com/mls/m1oadcdf4a512vp5 — Matterport Virtual Tour: https://my.matterport.com/show/?m=LEFjy1amoYd&mls=1

92-1335 Hauone Street, Kapolei HI 96707
Neighborhood: 
Kapolei
3 bedrooms, 4 baths

To learn more about this property, contact:

Aileen Rodriguez-Chizer
HI License RS-81429
List Sotheby’s International Realty

4211 Waialae Avenue, Suite 100
Honolulu Hawaii United States 96816
17. April 2020 · Comments Off on 46-263 Kahuhipa Street #B311, Kaneohe HI 96744 · Categories: Hawaii Real Estate, New Listing · Tags: ,

List Sotheby's International Realty Hawaii

Conveniently located with TWO parking stalls! Reasonable maintenance fee is very attractive. Minutes to Windward Mall with shopping, restaurants, movie theater, and close to schools and bus lines. Brand new oven has just been installed. Washer and dryer are in the unit and large separate storage in parking area. Pet Friendly and VA approved (please verify). View Matterport Virtual Tour

46-263 Kahuhipa Street #B311, Kaneohe HI 96744
Neighborhood: 
Kaneohe
2 bedrooms, 1 bath

To learn more about this property, contact:

Mari Hirano
HI License RB-22283
List Sotheby’s International Realty

4211 Waialae Avenue, Suite 100
Honolulu Hawaii United States 96816
13. April 2020 · Comments Off on Oahu Market Report – March 2020 · Categories: Hawaii Real Estate, Market Report, News & Events, Oahu Monthly Market Report

We’re pleased to share the Oahu real estate update for March 2020.

Oahu Housing Market Remains Steady, Readies for Impacts of COVID-19.
Single-family home sales up, condo sales and new listings down in March.

According to resales figures released by the Honolulu Board of REALTORS®, single-family home sales were up again in March with a year-over-year increase of 9.8%, while condo sales declined 12.2% compared to last year. The median sales price for both single-family homes and condos rose modestly to $810,000 and $435,000, respectively.

“While the numbers illustrate the market is holding strong, we’re only beginning to see the changes in activity,” said Tricia Nekota, president, Honolulu Board of REALTORS®. “For example, the majority of closed sales were already in escrow at least 30 days prior to the stay-at-home order, and we saw a double-digit decline in new listings last month. These stats are likely an early reaction to economic uncertainty and indicative of a shift in market activity due to the impacts of COVID-19.”

Generally, real estate activity has kept pace with 2019 figures. For the first quarter of 2020, single-family home sales were up 11.6% compared to 2019. Condo year-to-date sales trail last year by just under 1%. However, the stay-at-home order that went into effect on March 23, 2020 has contributed to a slowdown in the number of listings coming on market. Single-family home listings declined by 16.7% and condo listings were down 14.3% in March. A significant number of active listings have also been moved into a temporarily off-market status, which has resulted in lower inventory levels.

The Honolulu Board of REALTORS® temporarily canceled all open houses effective March 24, but its members continue to conduct essential business. Showings are held virtually and preventative measures, including best practices in social distancing and hygiene, are encouraged for any activity that must occur in-person or on-properties.

“We’re all doing our part to prevent the spread of COVID-19 and keep our community safe,” added Nekota. “The real estate industry – from REALTORS® to title companies, financial institutions and more – is presenting a united front to support homeowners and renters. We know that it will take everyone’s cooperation to get through this uncertain time.”

As many in the community face unemployment and concerns over paying their mortgages and rent, resources have been made available to provide relief. Homeowners and renters are encouraged to contact their mortgage lender or landlord to discuss relief options, such as deferral and forbearance. Information is available at https://hicentral.com/.

FULL REPORT.

Courtesy of Honolulu Board of Realtors

03. April 2020 · Comments Off on 2740 Kuilei Street #1205, Honolulu HI 96826 · Categories: Hawaii Real Estate, New Listing · Tags: ,

List Sotheby's International Realty Hawaii

Unbeatable location and modern living! Now available in vibrant Moiliili near everything Honolulu has to offer. In close proximity to Waikiki surf spots, Ala Wai path, the Zoo and Kapiolani Park – the sky’s the limit. Spacious and hip, this over-sized studio boasts a complete upgrade! A modern-chic remodel with top of the line materials and furnishings included. Hale Kulanui is a special place in town. A rarely available and well managed building. Pets allowed (verify), pool, gym, meeting room – the list of features goes on and on. Don’t miss this amazing opportunity for rental income and low interest rates. Stable tenant in place for the next 6 months, perfect for investors and/or exchange. Click here for 3D virtual tour

2740 Kuilei Street #1205, Honolulu HI 9682696730
Neighborhood: 
Metro Oahu
Studio, 1 baths

To learn more about this property, contact:

Heather Selvitelle
HI License RB-22771
List Sotheby’s International Realty

4211 Waialae Avenue, Suite 100
Honolulu Hawaii United States 96816
02. April 2020 · Comments Off on 3075 Pacific Hts Road, Honolulu HI 96813 · Categories: Hawaii Real Estate, Luxury Living, New Listing · Tags: , ,

List Sotheby's International Realty Hawaii

Imagine the perfect lifestyle for you! Live just minutes from convenient Honolulu Metro, which offers financial districts, quality rated schools, medical hospitals, shopping centers, beaches, restaurants and more. Privately positioned on a pleasant winding hill, Pacific Heights is a well-known neighborhood comprised of stable long-term neighbors and many professionals. Freeway access is nearby, making it convenient to commute to other parts of Oahu as well.

The architectural design features will delight your senses in this tranquil, newly renovated home. Traditional style integrated with modern sophistication come together to create a truly stunning home. Spacious with multiple outdoor wood paneled decks, the home brings you closer to nature and features extraordinary views. The main lanai deck, just off the living room is large enough to be used for dining, lounging, and/or entertaining! You will be enraptured by the panoramic ocean views from this front lanai, with city coastlines of Waikiki, Kakaako, Pearl Harbor, Diamond Head crater, and Punchbowl. With a good amount of windows and an open floor plan, the home boasts much natural light throughout the day.

Your gourmet kitchen is spacious, boasting stainless steel appliances including an oversized refrigerator, a six burner gas stove, a deep and large sink, and luxury fixtures to match. With the views visible from the kitchen, you will enjoy the scenery and sunsets while cooking and entertaining.

Walk across solid wood plank flooring throughout the majority of the home. Bathrooms offer huge walk-in showers, with a designer tiled aesthetic.

A formal laundry room offers generous wood cabinets and storage, as well as a side-by-side luxury washer and dryer. A great room on the ground level is the perfect space for media entertainment, a second living room, or a private library.

A newly finished detached cottage dwelling of about six hundred square feet also sits on the property for guests and family alike. Found at the rear of the main home, the cottage can be used for several purposes. While not entertaining guests visiting from afar, use the space as a personal office. The cottage finishes are well appointed; a modern playfulness here as you enter.

This splendid home is remarkably finished with quality and is move in ready. Make this your next Honolulu home today!

3075 Pacific Hts Road, Honolulu HI 96813
Neighborhood: 
Metro Oahu
5 bedrooms, 3.5 baths

To learn more about this property, contact:

Leanne S Kwock
HI License RS-64548
List Sotheby’s International Realty

4211 Waialae Avenue, Suite 100
Honolulu Hawaii United States 96816
01. April 2020 · Comments Off on 1118 Ala Moana Boulevard #2602, Honolulu HI 96814 · Categories: Hawaii Real Estate, Luxury Living, New Listing · Tags: , ,

List Sotheby's International Realty Hawaii

Come experience this ultimate residence which has breathtaking views of the ocean, Diamond Head, and the harbors. Only the finest materials and craftsmanship was used in this fine home. Distinctive entrance to the residence opens to nearly 2,000 square feet with a perfected floor plan surrounded by hardwood floors, upgraded kitchen backsplash, stone finish in master bedroom, mirrored TV, and only the finest appliances including a 120-bottle wine fridge. Also included is a storage unit, two side-by-side parking and a charging station. This is Honolulu’s most luxurious high rise building which offers first-class amenities including a concierge, theater, massage rooms, & more. Enjoy all the luxury privileges that this home and building has to offer. Please see 3D virtual tour.

1118 Ala Moana Boulevard #2602, Honolulu HI 96814
Neighborhood: 
Metro Oahu
2 bedrooms, 2.5 baths

To learn more about this property, contact:

Aileen Rodriguez-Chizer
HI License RS-81429
List Sotheby’s International Realty

4211 Waialae Avenue, Suite 100
Honolulu Hawaii United States 96816
30. March 2020 · Comments Off on May Day is Lei Day in Hawaii – Hawaii Events 2020 · Categories: Art & Lifestyle, Hawaii Real Estate, News & Events, Oahu Community, Oahu History

This year marks the 93rd Annual Lei Day celebration in the Hawaiian Islands. The tradition highlights the art and craftsmanship of lei makers, allowing them to demonstrate their skill and beautiful artwork. By showcasing a unique element of local culture, May Day honors the rich history of the Hawaiian people.

Lei Day began in 1927 with just a few people wearing lei in downtown Honolulu. The holiday has since grown into a recognized event complete with organized exhibits, competitions, and festivities. Today, Lei Day features lei making demonstrations, lei contests, and live entertainment from the Hawaiian Steel Guitar Association. By dedicating a day to the celebration of local artists, Lei Day provides a moment of reflection and appreciation for the beauty of Hawaii and its culture. So remember, May 1st is a day to give and receive lei and ultimately a day to spread the Aloha spirit!