The age of Honolulu’s existing housing stock means that it is not unusual to see an older home being torn down to make way for a new one. Typically, heavy equipment is brought to the site and the old home is literally torn apart piece by piece and placed in a huge trash bin. The waste is then sent to the Waimanalo Gulch dump and our precious available land-fill is decreased by one the size of one trashed house. Pacific Business News recently featured a cool company called Re-Use Hawaii. CLICK HERE TO READ THE ENTIRE ARTICLE.
A recent Honolulu Advertiser article notes that Hawaii’s life expectancy has been pegged as the longest in the United States.
“Yesterday’s report did not list life expectancy by state, but a 2007 report said Hawai’i was No. 1 with a life expectancy of 81.3 years. That report was done by the Manhattan Institute for Policy Research.”CLICK HERE TO READ THE HONOLULU ADVERTISER ARTICLE
Are you thinking, “Keahi, what does that have to do with buying Honolulu real estate?” Here are a few relationships.
If you are a buyer waiting for the Honolulu home market to bottom out, then you may not want to wait much longer. Wednesday and Thursday’s posts pay a great deal of attention to how low core Honolulu’s inventory has become and, as a result, I am surprised that there is not more momentum in the real estate market. If the factors suppressing more market exuberance disappeared, then I the Honolulu market could turn on a dime. Here is what to watch.
Here we go again! The Honolulu Board of Realtors issues it’s monthly statistical report and the local newspapers read the runes and tell us what they think is really going on. Below are the headlines and a little of what each paper printed.
In past posts I have made a distinction between the core of Honolulu’s real estate market and the rest of the island of Oahu. Furthermore, for many reasons (see past post), as a Honolulu Realtor I believe that this core area will out perform the other parts of the island in appreciation. Every month the Honolulu Board of Realtors publishes its statistical analysis for the island of Oahu and in general things look good.
Overall we have seen remaining inventory of single-family homes drop to 1,624, this number compares with July and August of 2005 (1,604 and 1,658 homes respectively). Condominium inventory is down to 2,140 from 2,494 in January 2009. Note that at the end of July 2008 there were 2,753 Oahu condos for sale. This month I have taken a much harder look at the core area that I define as Kamehameha Heights through all of Hawaii Kai.
Residential Realtor working in Honolulu, Manoa, Kahala, Kaimuk, Nuuanu, Hawaii Kai, Pauoa Valley, Palolo, St. Louis, Moiliili, Kapahulu, Ala Moana, Waikiki, Aina Haina, Niu Valley and Kuliouou
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