Honolulu Condos

Honolulu Condos Lising Alerts 7/28/10

Please view the links below for this week's Listing Alerts.

Don't miss the HOT LINKS at the bottom of this newsletter for such distressed property listings as:

• Lender Owned Condo Listings
• Lender Owned Single Family Home Listings*
• Foreclosure Condo Listings
• Short Sale Condo Listings

 New Honolulu Condo Listings by Neighborhood* for July 7th, 2010

These condo listings are new listings that have come on the market for sale, since last week's newsletter.

 New Honolulu Condo Listings by Neighborhood* for July 28th, 2010

These condo listings are new listings that have come on the market for sale, since last week's newsletter.

ALA MOANA NEW CONDO LISTINGS

DIAMOND HEAD NEW CONDO LISTINGS

DOWNTOWN/CHINATOWN NEW CONDO LISTINGS

KAKAAKO NEW CONDO LISTINGS

KAPIOLANI NEW CONDO LISTINGS

MAKIKI NEW CONDO LISTINGS

WAIKIKI NEW CONDO LISTINGS

To view all Honolulu condo listings please visit the MLS Search page on our Website or set up your own Listing Manager Account.

Distressed Bargain Properties for July 28th, 2010

These distressed Condo and Single Family Home listings include REO, or lender owned properties, foreclosures and short sales. All the distressed Condo listings are for Metro Honolulu only, while the Lender Owned Single Family Home Listings are for Metro Honolulu as well as the entire island of Oahu. New Listings are new this week, since last week's newsletter.

Please click here to read a complete definition or description of Lender Owned, Foreclosure and Short Sale Properties .

When a Seller "accepts" an offer on a short sale property, it is not technically accepted until the bank approves the short pay. This can take up to six months or longer. In the meantime, the listing remains "Active" in the MLS, and not as a Pending Sale.

ALL LENDER OWNED CONDO LISTINGS

NEW LENDER OWNED CONDO LISTINGS

ALL LENDER OWNED SINGLE FAMILY HOME LISTINGS (METRO HONOLULU)

NEW LENDER OWNED SINGLE FAMILY HOME LISTINGS (METRO HONOLULU)

ALL LENDER OWNED SINGLE FAMILY HOME LISTINGS (ENTIRE ISLAND OF OAHU)

NEW LENDER OWNED SINGLE FAMILY HOME LISTINGS (ENTIRE ISLAND OF OAHU)

ALL FORECLOSURE CONDO LISTINGS

NEW FORECLOSURE CONDO LISTINGS - No New Listings This Week

ALL SHORT SALE CONDO LISTINGS

NEW SHORT SALE CONDO LISTINGS

IMPORTANT NOTE REGARDING SHORT SALES:

If you are interested in any short sale property, please feel free to call or email, and we'd be happy to check on the offer status of a property.

State of Hawaii Real Estate - Video Transcripts

A series of videos can be found online regarding the State of Hawaii Real Estate.  Video topics include:

Paul H. Brewbaker
Topic: Hawaii, U.S., and global economic factors that affect the Hawaii residential real estate market.

Dr. Michael Sklarz
President of Collateral Analytics
Topic: U.S. real estate markets compared to Hawaii - - How are we faring?

Bill S. Chee
Chief Executive Officer of Prudential Locations LLC
Topic: Bill gives his unique take on the Hawaii Real Estate Market.

Question and Answer Session

Online Videos link for State of Hawaii Real Estate

Click here to view the event presentation slides for State of Hawaii Real Estate.

Please feel free to visit our website blog, http://blog.HNLCondos.com  for more information about the Honolulu real estate market.

Revised Kakaako Waterfront Statement for Honolulu Neighborhood

A&B Properties, Inc. today presented a revised Kaka'ako Waterfront site plan proposal to the Hawaii Community Development Authority (HCDA). The new plan proposes significant revisions to the original plan including:

• -a reduction in the amount of land and number of residential units for the project's residential component through the elimination of one of the three residential pods;
• -the elimination of the pedestrian bridge linking Ala Moana Park and the Kaka'ako Waterfront Park;
• -the elimination of all proposed development at Kewalo Basin Park, resulting in the area remaining as it is today;
• -the elimination of all commercial development at Point Panic and the creation of additional parking space for this area.

The overall goal of the project continues to be to create a thriving, vibrant pedestrian-oriented community and gathering place for all of Hawaii!&s residents to enjoy.

"Since being chosen in September as the developer for this project, we have conducted an extensive community outreach effort,!( said Stan Kuriyama, CEO of A&B Properties, Inc. "We estimate that, over the last two and a half months, we have been able to reach 5,000 people in the community and inform them about our initial conceptual plan, and have solicited their input. Today, we have proposed to HCDA significant changes to our initial plan in response to that community input.

"Many of the changes we made were to address concerns raised by users of the ocean and Kewalo Basin. The bridge was a concern to boaters because of the height of their masts and the need for continuous access to the Basin. The Kewalo Park and Point Panic areas are extensively used by surfers, bodysurfers and other members of the public and, therefore, keeping these areas free of development, and increasing the parking at Point Panic, will dramatically reduce the impacts to those areas.

"The elimination of one of the three residential pods will serve to reduce the residential unit count, previously at about 950 units, by approximately a third. This was done in an attempt to reduce various impacts from the project, such as traffic and visual impacts, and to reduce the amount of land to be sold by the State. By eliminating one of the pods, approximately six acres will now be dedicated to residential use -- approximately 3 percent of the 200 acres the State owns in fee simple makai of Ala Moana Boulevard.

"At the same time, however, we acknowledge that the removal of this pod will not fully address a basic objection that has been raised to the sale of State land for residential development makai of Ala Moana Boulevard. These are policy issues that State government and our elected officials have the right to address.

"There are different visions that could be adopted for Kaka'ako Makai, ranging from more park space to a life science campus. If, however, it is determined that this vision of creating a vibrant "live, work, learn and play!( community !V a community that does not go dark at night when people leave their offices !V is the proper one for this area of Kaka'ako, then the residential component is obviously essential to achieving that vision.

"We look forward to HCDA!&s response to these proposed changes, and continue to welcome the community!&s input on this important project,!( concluded Kuriyama.

Since being chosen by HCDA in September to develop 36.5 acres of waterfront and the area surrounding Kewalo Basin, A&B has conducted more than 70 meetings with the community through forums, talk-story sessions and one-on-one meetings with a variety of individuals, state officials and groups that have an interest in Kaka'ako and Kewalo Basin. In addition, A&B solicited community input through a telephone hotline and Web site, www.kakaakowaterfront.org.

A&B Properties, Inc. (www.abprop.com) is the real estate subsidiary of Alexander & Baldwin, Inc., a diversified corporation headquartered in Honolulu. A&B!&s major lines of business are ocean transportation and intermodal services (Matson Navigation Company, Inc.; Matson Integrated Logistics, Inc.), real estate (A&B Properties, Inc.) and food products (Hawaiian Commercial & Sugar Company; Kauai Coffee Company, Inc.). Additional information about A&B may be found at its Web site: www.alexanderbaldwin.com.

For more information about the Kakaako neighborhood in Honolulu, as well as current Kakaako condo listings, please visit our website at www.HNLCondos.com.

 

Grand Opening for Allure Waikiki

A new high-rise in Waikiki has condominium units up for sale on Kalakaua Avenue. The 35-story Allure Waikiki offers over 250 residential condos and for five lucky potential owners, a 25% discount will be taken off the market price on Sunday.

The new condominium features one to three-bedroom units and range from 833 to 1,633 square feet. The value of the condos range from $500,000 to $2 million and more than half of the units have already been bought.

"We are grateful for the support of the local Hawaiian community and its leaders that have made it possible for us to celebrate this stunning addition to the Waikiki skyline," says senior vice president of the Fifield Companies, Alan Schachtman.

The new building offers a park, a pool, and a fitness center. The building is also trying to stay green by offering Seasonal Energy-Efficiency Rated (SEER) appliances, growing a variety of tropical and native Hawaiian plants on the premises and is also built with energy-efficient low-E insulating glass windows.

Please visit our website at www.HNLCondos.com for details, floor plans, map of Allure Waikiki.  On that same page yu may also view Allure Waikiki current listings for sale.

 

More Good News for Metro Honolulu Real Estate Market

The July 15, 2010 issue of the "Honolulu Star Advertiser" contained an article stating an overall drop in foreclosure filings statewide in Hawaii from last year.  Even better news was that the Honolulu foreclosure rate was the lowest in the State.

The complete article can be read at the "Honolulu Star Advertiser" website, "State foreclosure rate easing".

Please feel free to visit our website, www.HNLCondos, where you can view current Honolulu foreclosure and short sale property listings.

Honolulu Condos - Real Estate News & Trends 7/21/10

Aloha!

Welcome to this month's issue of "Honolulu Condos - Real Estate News & Trends", provided by Douglas / Christopher Realtor Associates with RE/MAX Honolulu. This newsletter is published monthly and contains time sensitive information about the Honolulu Real Estate Market. It also combines the weekly newsletter, "Honolulu Condos - Listing Alerts" which includes current new condo listings and distressed property listings.

Don't miss the HOT LINKS at the bottom of this newsletter for such distressed property listings as:

Lender Owned Property Listings

Lender Owned Single Family Home Listings*

Foreclosure Property Listings

Short Sale Property Listings *NEWLY ADDEDAlso, please feel free to visit our website, one of the most complete Honolulu Condominium Directories available online at www.HNLCondos.com.    

Honolulu Ranks in Top Ten Recession Proof U.S. Cities

The most recession-proof cities didn't see home prices surge in the first place, says the MetroMonitor, a quarterly report released by Brookings Institute's Metropolitan Policy Program.

MetroMonitor identified 21 large metro areas that have enjoyed robust economies and stable labor and housing markets in the last few years.

"Most of these cities have some general characteristics in common," says Howard Weil, author of the report and a fellow at the Metropolitan Policy Program. "They didn't experience huge housing bubbles followed by a crash, and their economies weren't rooted in the auto industry."

The top 10 stable cities identified by MetroMonitor are:

• 1. Albany, N.Y.
• 2. Augusta, Ga.
• 3. Austin, Texas
• 4. Baton Rouge, La.
• 5. Buffalo, N.Y.
• 6. Columbia, S.C.
• 7. Dallas
• 8. Des Moines, Iowa
• 9. El Paso, Texas
• 10. Honolulu

Source: CNNMoney.com, Hibah Yousuf (06/24/2010)

Read more about Honolulu Real Estate Market Conditions.

New Condo Listings

These condo listings are new listings that have come on the market for sale, since last week's newsletter.
To view all Honolulu condo listings please visit the MLS Search page on our Website or set up your own Listing Manager Account

ALA MOANA NEW CONDO LISTINGS

DIAMOND HEAD NEW CONDO LISTINGS

DOWNTOWN/CHINATOWN NEW CONDO LISTINGS

KAKAAKO NEW CONDO LISTINGS

KAPIOLANI NEW CONDO LISTINGS - No New Listings This Week

MAKIKI NEW CONDO LISTINGS

WAIKIKI NEW CONDO LISTINGS

Distressed Condo Listings - Hot Links!!!

These distressed Honolulu condo listings include REO, or lender owned properties, foreclosures and short sales. New Listings are new this week, since our last week's newsletter.Please click here to read a complete definition or description of Lender Owned, Foreclosure and Short Sale Properties.

ALL LENDER OWNED CONDO LISTINGS

NEW LENDER OWNED CONDO LISTINGS

ALL LENDER OWNED SINGLE FAMILY HOME LISTINGS - (METRO HONOLULU) - No Current Listings

NEW LENDER OWNED SINGLE FAMILY HOME LISTINGS - (METRO HONOLULU) - No New Listings This Week

ALL LENDER OWNED SINGLE FAMILY HOME LISTINGS - (ENTIRE ISLAND OF OAHU)

NEW LENDER OWNED SINGLE FAMILY HOME LISTINGS - (ENTIRE ISLAND OF OAHU)

ALL FORECLOSURE CONDO LISTINGS

NEW FORECLOSURE CONDO LISTINGS

ALL SHORT SALE CONDOS

NEW SHORT SALE CONDO LISTINGS

IMPORTANT NOTE REGARDING SHORT SALES: When a Seller "accepts" an offer on a short sale property, it is not technically accepted until the bank approves the short pay. This can take up to six months or longer. In the meantime, the listing remains "Active" in the MLS, and not as a Pending Sale.

For Details or information on any short sale property, please feel free to call or email, and we'd be happy to check on the offer status of a property.

If you or anyone you know is thinking about buying or selling a condo in Honolulu, Hawaii, it would be our pleasure to help. 

Honolulu Makes Top 10 Most Recession-Proof U.S. Cities

The most recession-proof cities didn't see home prices surge in the first place, says the MetroMonitor, a quarterly report released by Brookings Institute's Metropolitan Policy Program.

MetroMonitor identified 21 large metro areas that have enjoyed robust economies and stable labor and housing markets in the last few years.

"Most of these cities have some general characteristics in common," says Howard Weil, author of the report and a fellow at the Metropolitan Policy Program. "They didn't experience huge housing bubbles followed by a crash, and their economies weren't rooted in the auto industry."

The top 10 stable cities identified by MetroMonitor are:

1. Albany, N.Y.
2. Augusta, Ga.
3. Austin, Texas
4. Baton Rouge, La.
5. Buffalo, N.Y.
6. Columbia, S.C.
7. Dallas
8. Des Moines, Iowa
9. El Paso, Texas
10. Honolulu

Source: CNNMoney.com, Hibah Yousuf (06/24/2010)

Honolulu Upgrading Sewer System

 The City & County of Honolulu will upgrade its aging sewer system to prevent spillage and contamination as part of a settlement announced Monday with the U.S. Environmental Protection Agency.

The settlement is in response to four lawsuits filed over the past 16 years.

The questionable fitness of the city's water treatment gained greater public awareness after nearly 48 million gallons of sewage entered Waikiki canals in 2006 when rainwater overloaded the wastewater system.

"This is a significant long-sought-after win for the environment and a much-needed change in the management of the city's sewage treatment system," said Robert D. Harris, director of the Sierra Club's Hawaii chapter. "We applaud the city for finally committing to fix our sewer system after decades of neglect and years of difficult litigation."

The settlement is aimed at improving Honolulu's wastewater collection system by establishing a fixed timetable for regular improvements and inspections.

It also requires the implementation of a long-term schedule for upgrading some of its primary wastewater treatment plants to more advanced secondary treatment systems.

Many of the details of the settlement were not disclosed, but previous cost estimates for new treatment facilities have hovered near $1.2 billion.

Read more: Honolulu agrees to upgrade sewer system - Pacific Business News (Honolulu)

 

More News About "Waikiki Edition Hotel" at Ilikai Properties

According to "Hotel Chatter" Blogsite at www.Concierge.com, "Last month, we reported that the Waikiki Edition, the first hotel sprung from the loins, er minds of hotelier greats Bill Marriott and Ian Schrager, would open not in July as we had first hoped but in October instead. This was a bummer of course, but we kept ourselves happy by thinking of the complimentary WiFi that would be available for all guests when the hotel did open.

However, in checking on the hotel today we see that the website* now says Opening in September. Backing up this opening date, is a recent Honolulu Star article about Chef Masaharu Morimoto and his preparations for his restaurant inside the hotel. The Star says the hotel could open in either August or September. We nearly jumped out of our seats. Why, August is just a few weeks away!

However, we know better than to get our hopes up over a hotel opening. When we tried to make a reservation for September, no dates worked, leading us to believe an October opening is still the month Edition is going to first appear. As always, we'll be keeping tabs of specifically what day the hotel will open and how you can make a reservation.

In other Edition Hotels news, the Edition Hotels website says Istanbul and Bangkok are coming soon (which we already knew about) but up next is now Mexico City (which we had heard rumors about) and Barcelona. Ole!"

Both the Ilikai Apartments Condo Building and the Ilikai Marina Condo Building will benefit greatly with the addition of the New Edition.

Poolside Condo on the Gold Coast in Diamond Head, Honolulu

Diamond Head Ambassador #102

2957 Kalakaua Ave 102
Honolulu, HI 96815


Price: $549,000

2 Bedrooms, 1 Bathrooms
730 Square Ft

Listing # 1008340

Tropical, Peceful and Quiet!

Feel the gentle ocean breeze blow through your garden condo situated poolside in on the Gold Coast waterfront in Diamond Head. Nicely upgraded, yet simple with a relaxing tropical feel, this home is an easy walk to Waikiki, Kapiolanai Park, Zoo, Aquarium, fine dining at several neighborhood favorites, as well as steps from your patio to the beach for swimming, snorkeling, surfing or sunsets.