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Honolulu County Real Estate | Market Report for Period Ending June 30, 2009

Celeste "SALLY" Cheeseman HAWAII Relocations & Real Estate: Real Estate Agent in Mililani, HI

Honolulu County Real Estate Numbers Are Out!

Single Family Home Resales Numbers: The Year to Date sales numbers are starting to climb and are just under the 2008 sales numbers for the same YTD time period. A -306 decrease in number sales for the island of Oahu (Honolulu County) or -21.7% drop.

Single Family Home Average Sales Prices: The Year to Date sales prices shows a decrease from 2008 sales prices for the same YTD time period. A significant -14.9% drop in sales prices for the island of Oahu (Honolulu County).

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Celeste "Sally" Cheeseman is a Realtor-Associate with Century 21 Liberty Homes in Mililani, Hawaii. With a sharp understanding that a listening ear is the key to a client's needs she serves all Hawaii Home Buyers and Sellers on the island of Oahu (Honolulu County) inclujding all Hawaii Military Relocating to Hawaii, Hawaii Retirees, Hawaii Job Transfers and Hawaii Residents. Website: www.hawaiihomesmarket.com

July 1 2009 Kauai REO Foreclosure List

Julie A. Black, CRS, GRI Realtor: Real Estate Agent in Kapaa, HI

July 1 2009 Kauai REO Foreclosure List

New listings:
Naulu back
1. 4345 Naulu Place, Koloa. Located off of Omao Road this property is a true fixer upper. It has some nice features and it also has damage, rot and mold. It is part of a CPR. $222,750. MLS#225407
back
2. 1672 Kelaukia Rd in Lanai Villas in Poipu. $1,089,000. This 3 bedroom 3 bath home in the exclusive subdivision of Lanai Villas in Poipu Kai bordering the greenbelt. It is in excellent condition and is located in the VDA so vacation rentals are allowed. Steps away from the Hyatt and beach. MLS#225197
Kahala
3. Kahala At Poipu Kai #113. This is a 1 bedroom 1 bath condo for $346,900. MLS#225425
4. Milia St, Kakela Makai subdivision, Kalaheo. Vacant lot of 10,758 sq.ft. MLS#225221
5. 2305 Liliuokalani St, Kilauea. 3 bedroom 1.5 bath for only $314,900. MLS#224729 Already in escrow.

Active- Current Listed Bank Owned Properties:
Homes:
1. 4374 Mimilo Road, Kapaa. 3 bedroom 2 bath home in the Hundley Heights area of Kapaa. $409,900 MLS#223718
2. 2891-C Pua Nani St, Lihue. This is a spacious 4 bedroom, plus office, 2.5 bath home, $489,000 MLS#224496. An IndyMac REO.
3. 3995 Kamehameha Rd, Princeville, 3 bedroom 2 bath SFH of 2117 sqft. living area on a lot of 10244 sq.ft. $499,900 Countrywide REO. MLS#223366
4. 3295 Kilikina Place, Lihue. A 3 bedroom 2 bath home 1236 sq.ft. near a Park. $374,410. MLS#223411
5. 4754 Kalamania Rd #B, Kilauea. 1/1 2.98 acres $455,000 MLS#219109 Fannie Mae/Freddie Mac REO
6. 2460 Kolo Road, Kilauea. 3 bedroom 2 bath home in the heart of Kilauea. bamboo floors. $410,500. MLS#222904.
7. 3695 Kaweonui Rd, Princeville. 4 bedroom 2 bath good condition single family home on a quarter acre lot. $646,050 MLS#223822.
8. 5086 Napookala Circle, Princville $814,800 MLS#220705. This home has a great location in Princeville, in Sunset Circle. Owned by Countrywide.
9. 4919 Aliali Road, Apopo Hale #10, Kapaa. This is a 3 bedroom 1.5 home/detached condo. Tile floor. HOA fees $251.16 monthly. Includes water, yard care and other services. MLS#225118. $219,900. (temporarily off the market)
10. 4910 Aliali Road #5, Kapaa. This is a 3 bedroom 1.5 detached home that is part of Apopo Hale condominium project. $224,900. MLS#219935
11. 4912 Aliali Road #3, Kapaa. Another 3/1.5 in Apopo Hale. $212,000 MLS#220533

Condos:
1. Mauna Ka 5A, Kao Kai Ph 1, Princeville. This 2 bedroom 2 bath condo boasts 1503 sq ft. of living area. This is the ground floor one level unit. Priced at $270,000. MLS#223363.
2. Puamana #14B, Princeville. 2 bedroom 2 bath condo for $390,000. MLS#225090
3. Islander on the Beach #342. Studio condo on Kauai’s Coconut Coast. $189,000. MLS#223271
4. Kauai Beach Resort #2506 307 #2506 0/1 MLS# 223038 $219,000
5. Kauai Beach Resort #2544 320 #2544 0/1 MLS #223037 $219,000
6. Kauai Beach Resort #4110 320 #4110 0/1 MLS #223033 $239,000
7. Kauai Beach Resort #4214 360 #4214 0/1 MLS #223035 $309,000

Upcoming REOs with Kauai Dreams Realty:
1. 148 Royal Drive, Wailua Homesteads. 2 homes on the rim.- Coming up soon!
2. 229 Koili St, Wailua Homesteads. 3 bedroom 2 bath home. Almost ready to list. Soon!
3. 5796 Noni St, 4 bedroom 2 bath home. in Wailua Homesteads. Coming up soon.
4. Banyan Harbor #80 2 bedroom 2 bath condo in Lihue. Almost ready to list. Again real soon.
5. 5051 Laukona St, Hanamaulu. Large home across from the park. Coming up soon.
6. 4262 Oama Pl, Puhi area, Lihue. 3 bedroom 2 bath home with 2 car garage. Coming up soon.
7. 5622 ILEINA LN #K., Kapaa. This is a vacant CPR lot with an ocean view. Coming up soon.
8. Kula Mau’u, Kapaa. Large home. Coming up shortly.
9. Makoa Road, Hanapepe. 2 bedroom 1 bath smaller home.
10. Waialeale Estates, Kapaa. This is a 3 bedroom 2 bath home with 2 car garage in Kapaa.
11. Apopo Hale, Kapaa 4 bedroom 1.5 bath CPR home. Confirmation process.
12. Plantation Hale. 1 bedroom 1 bath on the Coconut Coast.
13. 2888 Hoolako 2 bedroom 2 bath house in Lihue. Awaiting eviction.
14. Waiakulua, Kilauea. A large estate in Kilauea farms. Previously listed prior to foreclosure for over $1.5 million. Awaiting eviction.

15. Pohina St. Hanamalu Eviction process Duplex.

16. 4740 Hokuloa PL, Eleele, 3 bedroom 2 bath-almost ready to list

Upcoming REOs with other companies:
1. 3371 Kai Lani PL, Hanapepe. 4/2 residence. Coming up soon.
2. Laulea St. Eleele, 3 bedroom 1 bath home. In the eviction process
3. Lae Road, 3/2 In the eviction process.
4. Nihilani at Princeville #14A. 3 bedroom 2 bath condo. Last sales price was at $761,450. Fannie Mae owned.

In escrow:
1. Villas of Kamalii #44, Princville. A 3 bedroom 3 bath condo of 1825 sq.ft. living area and one car garage. $679,000. MLS#223314.
2. 3834 Koula Rd, Hanapepe. Two older homes in the heart of Hanapepe town. $323,730. MLS#223522.
3. Pono Kai #C209 2/2 Oceanfront condo. Kapaa. $424,900 MLS#218983.
4. 2374 Oka St, Kilauea, HI This 3 bedroom 2 bath home is set up as a 2/1 & 1/1 as the interior stairway is block. You can unblock it and use it as a single family residence. Otherwise it’s pretty much in move in condition. $419,900. MLS#224048
5. 4368A Puuwai Rd Kalaheo. This 2 bedroom 1 bath home is located on an 1/4 CPR lot. The downstairs was in the process of being remodeled but not completed and it appears no permits were pulled. Only $290,000. MLS# 221776.
6. 4119 Aheahe Place, Lihue. A 2 story home with a 3 bedroom 2 bath, kitchen living room on the top story and a large family room or other bedroom downstairs along with another bath. $447,900. MLS#222896.
7. Kuhio Shores #313, Poipu Oceanfront. MLS#213644. $590,900.
8. Plantation at Princeville 3 bedroom 2 bath condo. Built in 1994. $499,900. MLS#215869.
9. Princeville Paniolo #103. 1/2 but set up is similar to 2 studios. $209,900. Freddie Mac.
11. 3834 Haulani Place, Princeville. 3/3 2048 sq.ft. home MLS#219148. Reduced to $588,900.
12. Kauai Beach Resort #4206 studio condo at the Hilton in the preferred building $93,900. MLS#224555

Solds:
#1. 2469 Keneke St, Kilauea. Spacious 4 bedroom 2 bath home. The upstairs includes 3 bedroom 1 bath and the downstairs living area accessed through the garage is a 1 bedroom 1 bath setup. $409,900. Sold for $410,000 6/29/2009
#2. 5322 Kahala St, Kapaa 3 bedroom 1 bath home in very good condition for $342,000. MLS#221440. Sold for $320,000 6/30/2009.
#3. Kauai Beach Resort #1331. Ocean view condo at the Kauai Beach Resort (Hilton) REDUCED $93,900. MLS#217159 Chase REO. Sold $85,900 6/9/2009
#4. 3844 Kolula Rd, Hanapepe. 3 bedroom 1 bath cute. MLS#223657 $332,000. There are 2 separate REO properties on Koula Road. Sold $341,000 6/16/2009
#5. Islander On The Beach #321 372 #321 0/1 $145,000 MLS# 217190 Sold $105,000 6/19/2009
#6. Regency Huleia #21, Lihue. 2 bedroom 2.5 bath condo. Built in 1995. $353,600. MLS# 218226 . Sold for $360,000 on 6/1/2009.
#7. 276 Makani Road, Wailua Houselots 2 homes. $419,900. MLS#216350 Owned by WAMU. Sold $420,000. 6/29/2009.

There were 44 closed MLS sales for the month of June for the island of Kauai. The lowest being $85,900 and the highest being $10,000,000. Incredibly 7 of these sales were over a million dollars and 7 were REO sales. IndyMac has appreared to step up on its REO inventory. Local lenders Bank of Hawaii, First Hawaiian Bank and American Savings have not had any Kauai inventory show up on the market yet. Although there have been a few foreclosure notices from these companies in the newspaper. All available properties with MLS numbers can be plugged into my website at www.kauaidreams.com for more info and pictures. Or feel free to call or email me at julie@hisemail.net with any questions you might have or an appointment to see these properties. ALOHA JULIE

Great Buy, Kanani Wailea Maui Homes For Sale

Steven Nickens R(S), GRI, ABR  Maui Real Estate: Real Estate Sales Person in Wailea, HI

Life is good at Kanani Wailea's prestigious upscale gated community. With only 38 homes, Kanani offers Quiet Island living with ocean views for your enjoyment. This 2-story island home offers 2,100 sqft of living space with great flow through out the house. Enjoy this Hawaiian designed floor plan that compliments the surrounding landscape and fantastic ocean views. Cooking will be a delight with this gourmet kitchen featuring Leicht European cherry cabinets, granite counter tops, Wolf, Sub-Zero, Bosch appliances, Bon Appetite!

Monier tile roofs, 2-car garage; custom designed bathrooms, security system, 9ft walls and vaulted ceilings. The community recreation center features a fitness center, sun deck, hot tub, business center, infinity pool and clubhouse for evening barbeques. So come by and experience Kanani Wailea for Island living. This new listing is price under a million dollars, well under what the owner paid for this beautiful home. I can represent you as a Buyers agent on this property. For more information on this and other Wailea homes for sale, drop me a line.

Mahalo,

Steven Nickens R(S) GRI ABR

The Wailea Group LLC.

3750 Wailea Alanui, suite 5WE

Wailea, Maui Hi 96753

www.nickensmaui.com

Email: nickens@maui.net

Cell: 808-280-2208

36 years on Maui, 15 year Maui Real Estate Agent

Internet Specialist, Experience that makes a difference!

Kauai's PMRF 2nd of July celebration is open to all

Elaine Schaefer (R, BIC, CRS, GRI, ABR): Real Estate Agent in Princeville, HI

Aloha,

If you want to kick off your extra long weekend with fireworks, head on out to the Westside and PMRF (Pacific Missile Range Facility) for a "pre-holday" celebration and fireworks on Thursday July 2rd. Since all government employees have Friday the 3rd off, the base is opening it's doors to the Community for an evening of fun and celebration from 5 PM to 10 PM on the 2nd. This past Saturday, while speaking at the Military Appreciaton Day, "Capt. Aaron Cudnohufsky, commanding officer of the Pacific Missile Range Facility at Mana, expressed his appreciation to the county, its leaders and people.

"It is important to have support, and we thank you for supporting us," Cudnohufsky said. "We invite the people to PMRF on July 2 starting at 5 p.m. to enjoy the Fourth of July. It's just a small way the base tries to give back to the community because we cannot do what we do without you."

There will be food, games for kids, various displays and vendors and of course, fireworks to get your holiday weekend off to a perfect start. Come on out and join in the fun.

Aloha Elaine

fireworks-palms-mf1_small.jpg

Elaine Schaefer (R, CRS, GRI, ABR)
Broker in Charge - Princeville Resort Office
Certified Residential Specialist
Graduate, Realtor's Institute
Accredited Buyer's Representative
Top Producer 100% Club

RE/MAX Kauai
Princeville Resort Office
POB 223632
Princeville, HI 96722
cell: 808 639 2935
home fax: 1 808 440 4552
email:soldonkauai@yahoo.com
website: www.KauaiRealEstateNow.com
blog: http://blogs.alohaliving.com/princeville-condo-sales/

......you can have your own piece of paradise
ask me how!

Should You Buy Hawaii Real Estate (Military Buyers)?

1SG (Ret) David Kucic: Real Estate Agent in Ewa Beach, HI

As you prepare for your PCS move to Hawaii, you are probably overwhelmed with things to do. Two of the biggest headaches I remembered were Clearing CIF and dealing with transportation to get packed and moved out.

Dealing with transportation means that you will need a new home to place all of your personal belongings.

If you are making plans to purchase a home in Hawaii, you might want to consider some things that may save you some serious grief after your tour in Hawaii is over.

Your BAH rate will probably increase when you get here unless you are coming from another high cost area such as DC, San Francisco or Alaska. You will also be entitled to COLA whether you are single or married.

Should you really buy a home in Hawaii even if you can afford it with your BAH and COLA?

What are you going to do with that property after your 3 year tour is over? What if the value decreased or maybe stayed the same? Will you be able to afford the costs of selling of it at a loss? Maybe you will keep it and use it as an investment/rental property but are you prepared to pay 10% of the rent collected each month to a property manager? Will you have enough liquid assets to make your mortgage payment in between tenants? What about necessary repairs......do you have cash available to pay for those items?

Buying real estate is a great way to build wealth but it is not for everyone.

For more information on purchasing real estate in Hawaii, contact me anytime via email or telephone.

Good luck with your move to paradise!