March 2011

There are 13 blog entries for March 2011.

3505 Turtle Creek Blvd. #11G - Chic hi-rise condo at the legendary Vendome 2Bd/2.5Ba $599,000

2711 Hood Street #J - Amazing Bud Oglesby mid-century modern 2Bd/2Ba $275,000

3400 Welborn Street #322 - Designer condo at Wyndemere 2Bd/2Ba $245,000

3831 Turtle Creek Blvd. #6E - Light and Bright Living at The Warrington 1Bd/1Ba $199,900

3400 Welborn Street #315 - Wonderful Condo Priced to Sell - Great Location 2Bd/2Ba $187,900

3400 Welborn Street #310 - Desirable One Bedroom Condo with a Study 1Bd/1Ba $168,000

 

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Honolulu Luxury Condos - Cash Buyers Common

Cash buyers are becoming common.  The number of homes bought with cash jumped to 32 percent in January compared with 26 percent a year earlier, according to the NATIONAL ASSOCIATION OF REALTORS.

Read the rest of the article, "We Paid Cash for Our Million Dollar Home", on www.CNNMoney.com.

Mahalo For Reading.

2,212 Views, 0 Comments.

It's Aloha Friday: We Send Sincere Aloha to Our Japanese Friends

Last week's earthquake and tsunami in Japan has been a sobering reminder of just how precious life really is. Our prayers go out to the people in Japan who have been affected the most by this event.

Thankfully, the effects of the tsunami on Oahu and throughout Hawaii were minimal.

Mahalo For Reading.

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Allure Waikiki #2806 Three Bedroom, Gorgeous Views - Major Price Reduction

Owner has never seen, used or lived in this like new condo!  She paid close to $1.8m for the unit brand new, with no discounts or credits given at purchase, and has now dropped her price from $1.7m to $1.49m. 

This is one of a few three-bedroom, view condos, located in one of only three new buildings in Waikiki.  Don't miss taking a look at this gem!

What a gorgeous building & fabulous condo home! Never lived in. Beautiful views of mountains, town & Ala Wai Canal. Large, open gourmet kitchen complete with all Viking appliances, walk-in pantry & desk area. Floor to ceiling windows, 2 lanais, views from all bedrooms plus a large recreation deck with pool, spa, fitness

2,537 Views, 0 Comments.

Honolulu Luxury Condos - Market Insights for the National Luxury Market

According to www.luxuryhomemarketing.com, they've been seeing some interesting trends in the luxury market recently."

"Median price for active listings at the top of the market saw a strong downward trend beginning at the end of February.  This trend broke in September and we have seen general price stability since then as illustrated in the horizontal trending in the chart above.  Keep in mind that this is based on active listing data and that the changes may reflect both the nature of the inventory coming onto the market (e.g. more larger and more expensive homes) and/or the relative level of pricing or discounting."

Read the rest of the article, "National Luxury Market

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It's Aloha Friday Again:  Try Waikiki Beach Walk

One of my favorite and most recent new developments in the heart of Waikiki, is Waikiki Beach Walk, literaly two or three blocks of mixed retail and restaurants, along Lewers Street and anchored by the Trump Tower Waikiki Hotel and Condos and the Royal Hawaiian Shopping Center, another personal favorite.

Read more about Waikiki Beach Walk and visit their website.

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

2,227 Views, 0 Comments.

Oahu Real Estate - Quick Market Stats for February 2011

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

2,465 Views, 0 Comments.

Honolulu Luxury Real Estate Sales Up

According to CNN Money Report, and as reported in the "Seattle Post Intelligencer" newspaper and blogs, "Luxury Real Estate Sales Up in All 20 U.S. Metros", "with some cities seeing an 18.6 percent increase in high-end home sales, according to DataQuick Information Systems. The increase follows four consecutive years of declines in million-dollar homes."

"The market that fared the best in high-dollar real estate: San Jose, Calif., which boasted a 27.4 percent increase in sales last year in million-dollar homes. Honolulu also saw a big spike in million-dollar sales - a 26 percent increase - as well as New York, where million-dollar home sales rose nearly 25 percent."

Read the rest of the article.


2,571 Views, 0 Comments.

Inevitable Rise in Cost of Home Loans?

I received an email from one of my friendly Loan Officers last week who stated:  "I came across this article regarding the inevitable rise in cost of loans with Fannie & Freddie eventually pulling out of the market.  Any Buyer ‘holding out' should really re-think that idea."

Read the article, "Getting a Mortgage Before the Door Shuts" at:

http://online.wsj.com/article/SB10001424052748704520504576162632959543492.html?mod=WSJ_hpp_sections_realestate

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 is an experienced and

2,000 Views, 0 Comments.

As of today we have just learned that the complex known as Villa Cortina at 801 N Winchester Blvd. is having talks of litigation with the developer to have repairs done to the building. As many of you might already know when a property goes into litigation it usually means that lower prices are to follow. The reason for this is the fact that lending for a property in Litigation has usually been hard to find since banks will not lend on a property that is in this situation. This makes the building available to only ALL CASH buyers and as you might guess all cash buyer always want a prime deal.

We have seen prices in other litigation properties drop very fast in the past few years with Brickyard and Sonora Condos being good examples. The Villa Cortina might…
5,906 Views, 2 Comments.
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