Oahu Upscale Real Estate Report

December 2011

Quick Summary

Oahu Single Family Homes Sales: down 2% from last year; up 5% from last month.

Oahu Condos Sales: up 7% from last year, up 1% from last month.

Oahu SFH Escrows: down 7% from last year; down 9% from last month.

Oahu Condos Escrows: down 6% from last year; down 12% from last month.

Oahu SFH Median Selling Price: up 1% from last year and up 1% from last month.

Oahu Condos MSP: down 7% from last year; down 4% from last month.

Oahu SFH $PSF up 3% from last year, up 1% from last month.

Oahu Condo $ PSF down 4% from last year, down 4% from last month.

Oahu SFH Months on Hand: 5.6, Neutral to Seller’s Market

Oahu Condos Months on Hand: 6.2, Neutral

Oahu Upscale Sales: down 10% from last year, up 4% from last month.

Oahu Upscale Escrows: down 4% from last year, down 8% from last month

Oahu Upscale Price/Square Foot: up 16% from last year, down 4% from last month.

Oahu Total Market:

The data provided in the Oahu Upscale Real Estate Report differs from that provided by the

Honolulu Board of Realtors and reported in the press because the Board includes every

property listed in the Honolulu MLS system, including properties on the other islands. We

believe that it is more accurate to look only at Oahu properties, and so we removed all non-

Oahu properties from our data.

Sold Volume

229 Single Family Homes (SFH) on Oahu were sold in November, down 2% from last year and

up 5% from October. 310 Condos were sold in November, up 7% from last year and up 1% from

October.

To Read the full report, click on the below link:

http://www.elitepacific.com/upscale.html

Oahu Upscale Real Estate Report

November 2011

Quick Summary

Oahu Single Family Homes Sales: down 3% from last year; down 19% from last month.

Oahu Condos Sales: up 3% from last year, down 11% from last month.

Oahu SFH Escrows: down 17% from last year; down 14% from last month.

Oahu Condos Escrows: up 1% from last year; down 5% from last month.

Oahu SFH Median Selling Price: down 2% from last year and flat with last month.

Oahu Condos MSP: up 1% from last year; up 3% from last month.

Oahu SFH $PSF up 8% from last year, down 1% from last month.

Oahu Condo $ PSF up 10% from last year, up 6% from last month.

Oahu SFH Months on Hand: 5.3, Seller’s Market

Oahu Condos Months on Hand: 5.6, Seller’s Market

Oahu Upscale Sales: up 13% from last year, down 33% from last month.

Oahu Upscale Escrows: down 34% from last year, down 26% from last month

Oahu Upscale Price/Square Foot: up 35% from last year, up 7% from last month.

Oahu Total Market:

The data provided in the Oahu Upscale Real Estate Report differs from that provided by the

Honolulu Board of Realtors and reported in the press because the Board includes every

property listed in the Honolulu MLS system, including properties on the other islands. We

believe that it is more accurate to look only at Oahu properties, and so we removed all non-

Oahu properties from our data.

Sold Volume

219 Single Family Homes (SFH) on Oahu were sold in October, down 3% from last year and

down 19% from September. 308 Condos were sold in October, up 3% from last year and down

11% from September.

To read more click on this link: http://www.elitepacific.com/upscale.pdf

Avoiding Financial Stress

By asking the right questions, and knowing exactly what your needs are, you can find the right loan for you. There are certain approaches that you can take while mortgage shopping that can cost or save you money.

It is still true that the better qualifications you have, the lower your interest rate will be. However, there are mortgages available for almost everyone; it's the interest rates or the down payments that vary.

Before speaking with a lender, know what monthly dollar amount you feel comfortable committing to. Then when you discuss mortgage pre-approval with your lender, it is easier for you to determine the monthly amount and what value of home the monthly amount translates into. Do not put yourself in the position where you will be paying more each month than you intended simply because the dream home requires it.

Do your research on the types of mortgages available to you and find the one that best suits your needs. There are a number of considerations to be made in terms of finding the best mortgage for each individual:

• What type of market are you in? Are the interest rates falling or rising?
• Do you want a fixed mortgage rate, where you will always know what your payment is going to be?
• What are your long-term goals? Do you intend to resell the property? Do you only need the mortgage for a short time?

If you don't know where to begin, or don't know who to talk to first - give me a call...........I WILL help!!!!

Why Buy Instead of Rent?

When you buy, you lock in your payments for up to 30 years, instead of paying ever higher rents.

And every month, you reduce your principal, building your equity even beyond appreciation. Then, you can tap into that home equity to lower other expenses. Because home equity loans are at much lower rates than other types of loans, you can pay off high-interest credit card or auto loans with a home equity loan and save money every month.

You get great tax benefits. Because all of your mortgage interest is tax deductable, it can lower your effective cost considerably. Property tax is deductable, too. And capital gains when you sell is excluded up to $250k for an individual, and $500k for a married couple.

Of course, there are other benefits beyond the financial: you’ll never have to move again unless you want to. You can decorate or renovate your home any way you want. And you get the comfort of knowing that you are in complete control of where you live.

If you have ever thought about buying, this is an unusually good time to do it. You might be surprised how small a down payment you need, and how low your monthly payments will be.

Give me a call to start getting the benefits of home ownership.

Oahu Upscale Real Estate Report

October 2011

Quick Summary

Oahu Single Family Homes Sales: up 5% from last year; up 4% from last month.

Oahu Condos Sales: up 27% from last year, up 6% from last month.

Oahu SFH Escrows: up 8% from last year; up 1% from last month.

Oahu Condos Escrows: up 5% from last year; down 14% from last month.

Oahu SFH Median Selling Price: down 10% from last year; up 4% from last month.

Oahu Condos MSP: down 7% from last year; up 4% from last month.

Oahu SFH Months on Hand: 4.6, Seller’s Market

Oahu Condos Months on Hand: 5.2, Seller’s Market

Oahu Upscale Sales: down 7% from last year, flat with last month.

Oahu Upscale Escrows: up 48% from last year, down 8% from last month

Oahu Upscale Price/Square Foot: down 19% from last year, up 13% from last month.

Oahu Total Market:

The data provided in the Oahu Upscale Real Estate Report differs from that provided by the

Honolulu Board of Realtors and reported in the press because the Board includes every

property listed in the Honolulu MLS system, including properties on the other islands. We

believe that it is more accurate to look only at Oahu properties, and so we removed all non-

Oahu properties from our data.

Sold Volume

270 Single Family Homes (SFH) on Oahu were sold in September, up 5% from last year and up

4% from August. 346 Condos were sold in September, up 27% from last year and up 6% from

August.

To read the full report click on this link: http://www.elitepacific.com/upscale.pdf