December 2010

Aloha Friday, Happy New Year......and More Good News!

Tourism is the economic engine of Oahu's economy, so it is was welcome news to read that Hotel occupancy on Oahu, particularly in Waikiki, was up again rather sharply last month.  We still have a ways to go, but we appear to be on the right track. Oahu had the highest occupancy rate last month, 75.2 percent.

Mahalo For Reading.

If you or anyone you know is thinking about buying or selling a condo in Honolulu, Hawaii, it would be my pleasure to help. 

Douglas Fischer, R.A., REALTOR, C.C.E., C.D.P.E.. e-Pro
East Oahu Realty

Newly Listed Waikiki Condo:  Canterbury Place 8D, Two-Bedroom $429,000

1910 Ala Moana Blvd 8/D
Honolulu, HI 96815


Price: $429,000

2 Bedrooms 

1 Bathrooms

1167 Square Ft

Listing # 1015528

Gorgeous remodeled 2bd/1ba corner unit. Rare garden view unit surrounded by greens; like living in a tree house. Enjoy views of Diamond Head, Fort DeRussy Park, partial ocean & Waikiki from the front & views of the city, mountains & pool area from the back. Great amenities & security. Fees include air, electricity, water, sewer & cable.  

Basic Features: Acres: 0.769
Region: Metro
City Name: Honolulu
County Name:
Neighborhood: WAIKIKI
Schools: Ala Wai
State: HI
Sub Area:
Subdivision:
Type:
Zip: 96815
Bathrooms: 1

By Kelli Galippo • Dec 15th, 2010 •

California communities with a high volume of foreclosures are struggling to maintain the appearance of their neighborhoods as the influx of renter-occupants invests less time in the upkeep of their homes.

When investors buy up foreclosures and rent them out, the increased renter-to-homeowner ratio means neighborhoods are occupied by fewer homeowners motivated to spend time mowing their lawns and making repairs. Even worse, many foreclosures become vacancies, without even a tenant to hold accountable for overgrown or dead lawns.

Those remaining as long-time residents in foreclosure-plagued neighborhoods are legitimately concerned the increase in rentals will lead to a decrease in the community’s curb

West Waikiki Featured Luxury Highrise Canterbury Place

Description:  Sitting on the corner across from the Hilton Hawaiian Village and Fort DeRussy Park, this very popular condominium building offers unobstructed views from most of the east facing units of Diamond Head, the Pacific Ocean and the park.  The 40-story building offers some incredible views with central air conditioning and utilities included in Association dues.  Two very popular restaurants are located in the

Affordable Condos Offered For Sale in Ala Moana Neighborhood of Honolulu

As mentioned in my December 24th Blog Post, "Developer Peter Savio Offers Two New Condo Projects in Ala Moana Neighborhood Next to Waikiki, Honolulu", where "Honolulu" magazine mentioned that lcoal developer, Peter Savio was offering condos for sale in two new projects:  Ala Moana Tower and Pensacola Chelsea.

In a follow-up post on the magazine's website, is an article with more informatioin about Ala Moana Towers condos.

For details, read more of the "Honolulu" magazine article about Ala Moana Tower.

Mahalo For Reading.

New Condo Projects for Ala Moana, Honolulu

According to "Honolulu" magazine, local developer, Peter Savio, has recently completed two new condominium projects that are now on the market:

Ala Moana Tower

Pensacola Chelsea

Both offer affordable condo options.  Read more about "Affordable Condos in Ala Moana".

Mahalo For Reading.

FDIC Reports High Volumes of Delinquent Construction Loans
By Kelli Galippo • Dec 13th, 2010

Nationally, one out of every six dollars of construction and development (C&D) loans issued by banks, roughly 16% of all C&D loans, are at least 90 days delinquent as of September 30, 2010. Another 2% are 30 to 90 days delinquent.

Fourteen percent of all C&D loans in the 12th Federal Reserve District (Alaska, Washington, Oregon, California, Idaho, Nevada, Utah, Arizona and Hawaii) are more than 90 days delinquent. 3.7% of all types of bank loans in California are more than 90 days delinquent.

This trend in delinquencies has remained largely unchanged in the last three months. The rate of delinquency on C&D loans is eight times greater than the rate of

Robust Pending Sales Activity Presages a Stronger Housing Market for San Francisco
Posted on December 19, 2010

SAN FRANCISCO–Pending sales activity in the San Francisco housing market jumped 22 percent from November 2009 to 2010, according to the latest Market Focus report, published jointly by the Rosen Consulting Group and the San Francisco Association of REALTORS®.

“Robust pending sales activity should lead to a rebound in closed sales activity in the coming months in San Francisco”

Of these sales, 48.1 percent were single-family homes priced at less than $700,000—a significant increase when compared with November 2007, when 26.7 percent of pending home sales were in this price segment.

“Robust pending sales activity should lead

San Francisco City Overview

Alamo Square

Anza Vista

Bayview

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Cole Valley

Corona Heights

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Crocker Amazon

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Forest Hill Extension

Forest Knolls

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