May 2011

Honolulu Condo Sales Statistics for May 2011

Honolulu Condo Sales - May 2011 Statistics

Number of Sales: Condominium 379 (6.7% DOWN)

Median Sales Price: Condominium: $305,000 (0.7% DOWN)

Days on Market: Condominium: 34 days (10 days INCREASE)

Inventory: Condominium: 1,914 (8.3% DECREASE)

All statistics are compared to same month last year.

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

808-497-3810

Douglas@HNLCondos.com

Douglas is an experienced and respected Honolulu, Hawaii Realtor Associate, in partnership with his Japanese speaking partner,

Many factors were favorable for mortgage rates this week. Weaker than expected economic data, strong results for the Treasury auctions, and renewed concerns about weaker European countries all helped mortgage rates end the week at the lowest levels of the year.

All of the major economic data released during the week was weaker than expected. First quarter Gross Domestic Product (GDP), the broadest measure of economic growth, was unchanged at 1.8%. Most investors expected the figures to be revised higher to at least 2.0%. April Durable Orders fell 4% from March, which was the largest monthly decline since October 2010. Weekly Jobless Claims unexpectedly increased. These measures suggest reduced inflationary pressure, which is good for mortgage rates. In

Duke Kahanamoku Beach in Waikiki is ranked No. 3. on the list of Top 10 Beaches

According to the "Honolulu Star Advertiser", Duke Kahanamoku Beach in Waikiki is ranked No. 3. on the list of Top 10 Beaches and Waimanalo Bay State Recreation Area on the east side of Oahu is ranked No. 9.

Find out the rest of the Worlds's Top Ten Beaches here.

Mahalo For Reading.

Staged Homes Sell Faster And For More Money

According to a recent article in the "Honolulu Star Advertiser", staged homes are selling faster and getting higher prices than non-staged homes. Staged homes add warmth and allow potential buyers to see how the spaces would look once they move in. It's easier and less expensive than you might think to stage a home and your Realtor ® can help.

First impression is critical and many buyers make up their mind within seconds of seeing a property. That impression starts to form even as they pull up to the property so it's also important that the exterior including landscaping, exterior maintenance issues, and driveways are taken care of.

Cleaning is essential. Not everyone can afford to renovate, but

Waikiki Beach Cam:  Fun to Peak at the Tourists and Surfers

I just love these beach cams!  This beach cam is located right in in front of the Duke Kahanamoku Statue at Waikiki Beach.

Take a peak too!

Waikiki 5 Million Dollar Sidewalk Repairs

According to "Hawaii News Now", at www.hawaiinewsnow.com, "The impact on Waikiki's main street spans large areas of Kalakaua avenue where signs redirect foot traffic and heavy equipment digs into huge sections of sidewalk."

"'A lot of the old tile was heaving and breaking,' Kaikor Construction Co.  president Steve Baginski said."

"The old tiles are being removed and replaced with sturdier stone tiles. The city said so far the job's on pace to finish at the end of September, a month before the APEC summit arrives."

"Every day on the job is an adventure in the unforeseen."

Read the rest of the story, "Waikiki sidewalk repair is a $5 million challenge".

May 22, 2011 (The Dallas Morning News - McClatchy-Tribune Information Services via COMTEX) --

Housing slowdown? What housing slowdown?

Sales of higher-price homes in North Texas are rising this year while the overall market is still in the tank.

Affluent buyers, many armed with cash, are scouring the market for marked-down mansions in the Park Cities, North Dallas and other exclusive neighborhoods.

"There are a lot of people with money who have been waiting to buy," said veteran Dallas luxury home agent Ellen Terry. "There is renewed energy in the market.

"2010 was very difficult," Terry said. "But I'm having a fabulous 2011."

While overall home sales in North Texas were down 13 percent in the first quarter, sales of homes priced

Mira Villa is an inviting collection of artfully designed residences. Here life is a refined celebration of the outdoors as Mira Villa Homeowners enjoy the luxury and convenience of resort style living. Call for details.  Sale office taking reservation once again.

It's Aloha Friday Again:  Sunset on the Beach Movies

I just ran across a great website giving tons of information about Sunset on the Beach Movies, at www.sunsetonthebeach.net.

According to their website:  "Sunset on the beach is a FREE movie shown on a huge 30 foot screen. The movies occur on the weekends and feature quality films for the whole family to enjoy. And as the event title suggests, the 30 foot screen is on the beach."

Read more about Sunset on the Beach Movies at www.sunsetonthebeach.net.

Mahalo For Reading.

Big Changes for Kakaako Neighboorhood in Honolulu

According to KITV.com online news, "Imagine building a median down Ward Avenue, closing small side streets to traffic and eliminating the requirement to provide parking for some businesses.

Those are some of the ideas behind new rules for the Kakaako area just mauka of Ala Moana Boulevard. The agency charged with overseeing the Kakaako and Kalaeloa votes on new rules to guide future development this week.

Read more: "Major Changes Planned for Kakaako".

Mahalo For Reading.