Honolulu Condos: February 2010

Villa On Eaton Square #2715, Waikiki, Honolulu, Hawaii - Listed for $439,000

Villa On Eaton Square #2715, Waikiki, Honolulu, Hawaii - Listed for $439,000

Villa on Eaton Square waikiki

 

Villa On Eaton Square, Waikiki, Honolulu Condo

400 Hobron Ln 2715
Honolulu, HI 96815


Price: $439,000

Bedrooms, Bathrooms
748 Square Ft

Listing # 1001422

Excellent Views of Diamond Head, Ocean, Waikiki

HIGHLY Highly UPGRADED UNIT. Owner spent over $100,000 for fully renovation and furnished. This easy-to-use wide floor plan corner unit with beautiful views of the ocean, Al Wai canal, mountains & city Lights from lanai and windows. Excellent location to Ala Moana Center, Ala Moana Beach Park, shopping, dining and basline.Popular well maintained and secured bldg.also Pet friendly Bldg.

Basic Features:

Acres: 2.276
Region: Metro
City Name: Honolulu
County Name:
Neighborhood: WAIKIKI
Schools: Ala Wai
State: HI
Sub Area:
Subdivision:
Type:
Zip: 96815
Bathrooms: 1
Bedrooms: 1
Partial Baths:
Square Ft: 748

Additional Features:

Additional Rooms: Open Lanai
Amenities: BBQ,Exercise Room,Meeting Room,Pool,Recreation Area,Recreation Room,Resident Manager,Sauna,Security Guard,Storage,Trash Chute,Whirlpool
Building Name: Villa On Eaton Square
Building Style: High-Rise 7+ Stories
Floor Covering: Hardwood,Other
Furnished: F
Interior Living Area: 694
Land Area: 104710
Maintenance Fee Includes: AC Central,Cable TV,Electricity,Hot Water,Sewer,Water
Monthly Maintenance Fee: 569
Parking Spaces: 1
Parking: Garage,SecuredEnt
Prop Condition: Excellent
Remodel Year: 2007
Security: Card,Key,Security Patrol,Video
Property Type: Condo
Unit Features: Central AC,Corner/End,Storage
View: City,Marina/Canal,Mountain,Ocean
Year Built: 1974
Land Tenure: Fee Simple

Please Note:  This is not my listing, however, I can show you this property and others, as well as represent you as a buyer.

For More Information about Villa On Eaton Square Condos for sale, including floor plans, map, current listings and more photos, visit our website for featured information at http://www.HNLCondos.com.

 

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, ePro, C.D.P.E.
RE/MAX Honolulu

www.HNLCondos.com

808-497-3810

Douglas@HNLCondos.com

Douglas is an experienced and respected Honolulu, Hawaii Realtor Associate, in partnership with his Japanese speaking partner, Christopher Sumida, who specialize in residential Real Estate and the sale of Condos in the greater Honolulu area including the neighborhoods of: Waikiki, Diamond Head, Ala Moana, Kakaako, Kapiolani, Makiki, Chinatown and Downtown Honolulu.

We love Agent Referrals.

 

0 commentsDouglas Fischer • February 26 2010 01:09PM

Ilikai Apartment Building #2130, Waikiki, Honolulu, Hawaii - listed for $305,100

Ilikai Apartment Building #2130, Waikiki, Honolulu, Hawaii - listed for $305,100

Ilikai Apartment view

 

Ilikai Apartment Buidling #2130 - Waikiki Condo

1777 Ala Moana Blvd 2130
Honolulu, HI 96813


Price: $305,100

Bedrooms, Bathrooms
620 Square Ft

Listing # 1001415

Absolutely Stunning Views!

PANORAMIC OCEAN AND LAGOON VIEWS. JUST STEPS TO OCEAN BEACHES, HILTON LAGOON, MARINA, RESTAURANTS AND RETAIL GALORE. HIGH END REMODEL. FULLY FURNISHED, TURNKEY WITH THE VERSATILITY OF PERSONAL USE AND/OR RENTAL INCOME.

Basic Features:

Acres: 2.724
Region: Metro
City Name: Honolulu
County Name:
Neighborhood: WAIKIKI
Schools: Ala Wai
State: HI
Sub Area:
Subdivision:
Type:
Zip: 96813
Bathrooms: 1
Bedrooms: 1
Partial Baths:
Square Ft: 620


Additional Features:

Additional Rooms: Open Lanai
Amenities: Community Laundry,Patio/Deck,Pool,Security Guard
Building Name: Ilikai Apt Bldg
Building Style: High-Rise 7+ Stories
Floor Covering: Marble/Granite,W/W Carpet
Frontage: Marina,Ocean
Furnished: F
Interior Living Area: 500
Land Area: 125296
Maintenance Fee Includes: Cable TV,Electricity,Hot Water,Sewer,Water
Monthly Maintenance Fee: 498
Parking: None
Prop Condition: Excellent
Remodel Year: 2008
Security: Card,Security Patrol
Property Type: Condo
Unit Features: Even# Unit,Single Level
View: Coastline,Ocean
Year Built: 1965
Land Tenure: Fee Simple

Please Note:  This is not my listing, however, I can show you this property and others, as well as represent you as a buyer.

For More Information about Ilikai Condos for sale, including floor plans, map, current listings and more photos, visit our website for featured information at http://www.HNLCondos.com.

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, ePro, C.D.P.E.
RE/MAX Honolulu

www.HNLCondos.com

808-497-3810

Douglas@HNLCondos.com

Douglas is an experienced and respected Honolulu, Hawaii Realtor Associate, in partnership with his Japanese speaking partner, Christopher Sumida, who specialize in residential Real Estate and the sale of Condos in the greater Honolulu area including the neighborhoods of: Waikiki, Diamond Head, Ala Moana, Kakaako, Kapiolani, Makiki, Chinatown and Downtown Honolulu.

We love Agent Referrals.

 

0 commentsDouglas Fischer • February 25 2010 01:56PM

Honolulu Condos and Homes - Listing Alerts 2/24/10

Honolulu Condos and Homes - Listing Alerts 2/24/10

Aloha!

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*
  • Lender Owned Condo Listings
  • Foreclosure Condo Listings
  • Short Sale Condo Listings 

*NEWLY ADDED

Also, please feel free to visit our website, one of the most complete Honolulu Condominium Directories available online at www.HNLCondos.com.

NEW CONDO LISTINGS

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

MLS Search page on our Website or set up your own Listing Manager Account.

ALA MOANA NEW CONDO LISTINGS

DIAMOND HEAD NEW CONDO LISTINGS - No New Listings This Week

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 CONDO AND HOME LISTINGS - HOT LINKS

Distressed Bargain Properties for February 24th, 2010
Hawaiian flower

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 .

Properties .

LENDER OWNED CONDO LISTINGS - ALL

LE NDER OWNED CONDO LISTINGS - NEW

LENDER OWNED SINGLE FAMILY HOME LISTINGS - ALL (METRO HONOLULU)

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

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

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

FORECLOSURE CONDO LISTINGS - ALL

FORECLOSURE CONDO LISTINGS - NEW - No New Listings This Week

SHORT SALE CONDO LISTINGS - ALL

SHORT SALE CONDOS $0 - 200,000

SHORT SALE CONDOS $200,000 - 400,000

SHORT SALE CONDOS $400,000 AND OVER

SHORT SALE CONDO LISTINGS - NEW

 

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, ePro, C.D.P.E.
RE/MAX Honolulu

www.HNLCondos.com

808-497-3810

Douglas@HNLCondos.com

Douglas is an experienced and respected Honolulu, Hawaii Realtor Associate, in partnership with his Japanese speaking partner, Christopher Sumida, who specialize in residential Real Estate and the sale of Condos in the greater Honolulu area including the neighborhoods of: Waikiki, Diamond Head, Ala Moana, Kakaako, Kapiolani, Makiki, Chinatown and Downtown Honolulu.

We love Agent Referrals.

 

0 commentsDouglas Fischer • February 24 2010 02:52PM

Great West Waikiki High-Rise Condo Building - 1717 Ala Wai

Great West Waikiki High-Rise Condo Building - 1717 Ala Wai

1717 ala wai waikiki condo building

1717 Ala Wai  
1717 Ala Wai Boulevard Fee Simple  
Waikiki - West See Map or Satellite Photo

Description: 1717 Ala Wai is a Fee Simple condominium located on the Ala Wai Canal across from the Hawaii Convention Center.  The building is built to a V-shape, and as a result, most units enjoy a view of the canal heading out to the Pacific Ocean.  And, you're about a 15-minute walk from the beach.hawaiian slippers

The building is 31 stories, with 283 units, mostly configured as two bedroom/bath and 3 bedroom/two bath. All units are good sized and include an 8-foot deep lanai. Preferred units are those facing the Ala Wai Canal.  Amenities include a swimming pool, recreation area and a sauna.

View Current Listings View Sold Listings
View More Photos View Configurations & Floor Plans

Land Tenure:  Fee Simple.

Security: Locked lobby, intercom and private security guard.

Parking:  Parking spaces are conveyed with units; there are 10 guest spaces.

Pets: Most pets, except dogs are permitted.

Supermarkets: Food Pantry - 444 Hobron Lane, Don Quijote - 801 Kaheka Street, Foodland at Ala Moana Center.

Regional Mall: Ala Moana Center - 1450 Ala Moana Boulevard.

Comments:  Most tenants and residents of 1717 Ala Wai enjoy an unobstructed view of outrigger clubs practicing on the canal during late afternoons.  One parking stall conveyed with each unit plus 10 stalls available for guests. Amenities include a swimming pool and recreation area.  Air Conditioning is window mounted.

Building Details:  

Units:

283

Year Built:

1970

Elementary School:

Ala Wai

Studios:

0

Stories:

31

Middle School:

Washington

1 bdrm/1-2 ba:

0

Elevators:

3

High School:

Kaimuku

2 bdrm/2 ba:

198

Unit Sizes (sq. ft.):

922-1440

 

 

3 bdrm/3  ba:

85

Lanai Sizes (sq. ft.):

85-150 

 

 

 

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, ePro, C.D.P.E.
RE/MAX Honolulu

www.HNLCondos.com

808-497-3810

Douglas@HNLCondos.com

Douglas is an experienced and respected Honolulu, Hawaii Realtor Associate, in partnership with his Japanese speaking partner, Christopher Sumida, who specialize in residential Real Estate and the sale of Condos in the greater Honolulu area including the neighborhoods of: Waikiki, Diamond Head, Ala Moana, Kakaako, Kapiolani, Makiki, Chinatown and Downtown Honolulu.

We love Agent Referrals.

 

0 commentsDouglas Fischer • February 23 2010 01:43PM

Honolulu Condos Offer Excellent Ocean Views

Honolulu Condos Offer Excellent Ocean Views

Highrise condos in Honolulu offer some of the best ocean views in the world. The condo buildings with the best ocean views are located in Diamond Head, Waikiki, Ala Moana, Kakaako and Downtown Honolulu.

 

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, ePro, C.D.P.E.
RE/MAX Honolulu

www.HNLCondos.com

808-497-3810

Douglas@HNLCondos.com

Douglas is an experienced and respected Honolulu, Hawaii Realtor Associate, in partnership with his Japanese speaking partner, Christopher Sumida, who specialize in residential Real Estate and the sale of Condos in the greater Honolulu area including the neighborhoods of: Waikiki, Diamond Head, Ala Moana, Kakaako, Kapiolani, Makiki, Chinatown and Downtown Honolulu.

We love Agent Referrals.

 

0 commentsDouglas Fischer • February 22 2010 01:25PM

Discover Loft Living at Vanguard Lofts, Kakaako, Honolulu, HI

Discover Loft Living at Vanguard Lofts, Kakaako, Honolulu, HI

vanguard lofts honolulu
An Interesting Conversion:

Moving Forward

The Vanguard Lofts is the renovation and conversion of the old National Cash Register (NCR) office building into a modern mixed-use urban loft project.

The Vanguard Lofts features just 34 residential lofts as well as 3,616 square feet of ground floor retail, marking the first time such a conversion has been developed in Honolulu.

In addition to refurbishing the former NCR building, the Vanguard Lofts also includes a new six-story building that will connect to and be of equal height to the former NCR building.

As part of Kakaako and located in the heart of midtown Honolulu, The Vanguard Lofts symbolizes Hawaii's embracement of progressive modern living spaces while also honoring the heritage of a historic building's past.

23 Unique Floor Plans

Choose the living space that fits your unique style. Each of the 34 Vanguard lofts provides its owner with a flexible space that is the essence of form and function.

From 827 sf one-bedrooms to a 2,273 sf four bedroom, four and a half bath plus den urban sanctuary, this space is yours.

Custom Finishes

Customize your Loft to suit your life. Begin by selecting between Light Filled Loft, Sophisticated City, or Urban Midnight. Each baseline style includes its own specific kitchen and bathroom finishes, hardwood and/or concrete floors, and granite and/or stone countertops.

Most units include high ceilings, expansive industrial sized windows, distinctive sliding wall panels, exposed concrete walls and ceilings, a gourmet's kitchen with Thermador professional series gas ranges, GE full size front load washer and dryer, spacious walk-in closets, Kohler and Toto plumbing fixtures, and several of the master bathrooms include multiple shower heads.

For those of you that are wine aficionados, you can outfit your kitchen with a 15" or 24" wide under-counter wine fridge or select the spacious 18" or 24" wide full height (7 ft tall) wine fridge.

Rooftop Pool Or Private Deck?

Step outside for a cocktail, or better yet, entertain a few friends on your private outdoor deck before a night on the town.

All Loft owners will enjoy their resident Skydeck with pool, whirlpool spa, BBQ pavilion, resident bar, and pool cabanas.

Eighteen of the Lofts will also include a large private walkout or walk-up rooftop deck (from 326 to 1,868 square feet) with the option for a built-in outdoor kitchen with gas BBQ, private 7' x 7' whirlpool spa and a personal rooftop garden. In addition, 31 lofts have large private walk out lanais. Perfect for entertaining a few friends or spending time with your family in your private urban outdoor retreat.

vanguard lofts honolulu interiorvanguard lofts honolulu interior

 

 

 

 

 

 

 

View Current, Active Listings of more Honolulu Condos at our 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, ePro, C.D.P.E.
RE/MAX Honolulu

www.HNLCondos.com

808-497-3810

Douglas@HNLCondos.com

Douglas is an experienced and respected Honolulu, Hawaii Realtor Associate, in partnership with his Japanese speaking partner, Christopher Sumida, who specialize in residential Real Estate and the sale of Condos in the greater Honolulu area including the neighborhoods of: Waikiki, Diamond Head, Ala Moana, Kakaako, Kapiolani, Makiki, Chinatown and Downtown Honolulu.

We love Agent Referrals.

 

0 commentsDouglas Fischer • February 19 2010 01:52PM

New Condo Conversion - Ala Moana Tower

New Condo Conversion - Ala Moana Tower

Ala Moana Tower

 

Located on the Kapiolani corridor in the Ala Moana neighborhood. The hottest area for growth and expansion. Next to Ala Moana shopping center and walking distance to Walmart, Don Quijote and Nordstrom. Buses galore. Pet-friendly. A good place to start...or a place to retire. 3% closing credit if closing occurs before March 1, 2010.

1-Bedroom/1-Bath Apartments from $282,900 (Fee Simple)
2-Bedroom/2-Bath Apartments from $403,500 (Fee Simple)
2-Bedroom/2-Bath consisting of two apartments that can be rented separately from $459,500 (Fee Simple)

1617 Kapiolani Blvd., Honolulu, Hawaii (google map) (yahoo map)

Pet Friendly.  A Condo Conversion by Savio.

Check out other active, current condo listings in the Ala Moana neighborhhood, one of the most desirable and convenient areas of Honolulu, Hawaii.

You may also view active, current condo listings in other popular Honolulu Neighborhoods.

ala moana tower interior photos

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, ePro, C.D.P.E.
RE/MAX Honolulu

www.HNLCondos.com

808-497-3810

Douglas@HNLCondos.com

Douglas is an experienced and respected Honolulu, Hawaii Realtor Associate, in partnership with his Japanese speaking partner, Christopher Sumida, who specialize in residential Real Estate and the sale of Condos in the greater Honolulu area including the neighborhoods of: Waikiki, Diamond Head, Ala Moana, Kakaako, Kapiolani, Makiki, Chinatown and Downtown Honolulu.

We love Agent Referrals.

 

0 commentsDouglas Fischer • February 18 2010 01:58PM

Honolulu Condos - Real Estate News & Trends 2/17/10

Honolulu Condos - Real Estate News & Trends 2/17/10

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 ADDED

Also, please feel free to visit our website, one of the most complete Honolulu Condominium Directories available online at www.HNLCondos.com.

Honolulu Market Update for 2/17/10

orchid

Hawaiian orchid flowerLast month, we looked back. This month, let's take a look forward..........

OUTLOOK 2010: Oahu, Hawaii Real Estate Hawaii real estate experts expect stable prices, higher sales:

After riding high during the boom, Hawaiis residential real estate market slowed to a trickle at the start of 2009, while activity on the commercial side just about ground to a halt.

By the end of the year, residential sales were enjoying a resurgence, spurred in part by low interest rates and an $8,000 federal tax credit for first-time homebuyers.

And commercial brokers started seeing business pick up as those businesses that could get financing ventured back into the market to find good deals.

Experts expect those trends to continue into 2010, with stability in prices and increased sales activity.

Click Here to read the rest of the story..........

New Condo Listings

Hawaiian shirt

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 Condo Listings - Hot Links!!!

Hawaiian flower

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.

LENDER OWNED CONDO LISTINGS - ALL

LENDER OWNED CONDO LISTINGS - NEW - No New Listings This Week

LENDER OWNED SINGLE FAMILY HOME LISTINGS - ALL (METRO HONOLULU)

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

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

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

FORECLOSURE CONDO LISTINGS - ALL

FORECLOSURE CONDO LISTINGS - NEW - No New Listings This Week

SHORT SALE PROPERTY LISTINGS - ALL

SHORT SALES $0 - 200,000

SHORT SALES $200,000 - 400,000

SHORT SALES $400,000 AND OVER

SHORT SALE PROPERTY LISTINGS - NEW

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

Team Douglas/Christopher

For a webpage view of this newsletter, Click here

 Access the Newsletter Archive for back issues.

 

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, ePro, C.D.P.E.
RE/MAX Honolulu

www.HNLCondos.com

808-497-3810

Douglas@HNLCondos.com

Douglas is an experienced and respected Honolulu, Hawaii Realtor Associate, in partnership with his Japanese speaking partner, Christopher Sumida, who specialize in residential Real Estate and the sale of Condos in the greater Honolulu area including the neighborhoods of: Waikiki, Diamond Head, Ala Moana, Kakaako, Kapiolani, Makiki, Chinatown and Downtown Honolulu.

We love Agent Referrals.

 

1 commentDouglas Fischer • February 17 2010 02:50PM

Oahu, Hawaii Real Estate Outlook 2010

Oahu, Hawaii Real Estate Outlook 2010:

Hawaii real estate experts expect stable prices, higher sales

hawaiian flowerAfter riding high during the boom, Hawaii's residential real estate market slowed to a trickle at the start of 2009, while activity on the commercial side just about ground to a halt.

By the end of the year, residential sales were enjoying a resurgence, spurred in part by low interest rates and an $8,000 federal tax credit for first-time homebuyers.

And commercial brokers started seeing business pick up as those businesses that could get financing ventured back into the market to find good deals.

Experts expect those trends to continue into 2010, with stability in prices and increased sales activity.

Lawmakers voted in early November to extend the credit to April 30, which could keep sales going through next spring. Interest rates also have continued to stay at record lows, making purchases more affordable.

In contrast to the Mainland, property values in Hawaii have fallen but not steeply. The recent Oahu tax assessments reported that residential property values fell about 8 percent, hotel/resort properties were down 13 percent, commercial was off about 2 percent and industrial fell just under 4 percent in the past year.

That relatively gentle decline has put some property closer to being affordable, especially on the Neighbor Islands.

Still, the shadow of unemployment hangs over many families, so it's not at all certain that lower prices will generate stronger sales. Once the homebuyer credit expires, "it is still too early to tell if these [positive] trends will be self-sustaining," University of Hawaii economists wrote in their recent 2010 forecast.

First Hawaiian Bank consulting economist Leroy Laney said in his recent forecast for Oahu real estate that prices will drop in the low- to middle single digits in 2010, stabilizing in 2011.

"The total decline this time won't be as great as the average nationally, and it will likely be less than that of the mid-1990s here if inventory levels and days on market remain more favorable than they were then," Laney said in the forecast. "At least affordability will be improving in this high-cost market, even if mortgage rates rise some."

Lenders have returned to the old days of underwriting, requiring higher credit scores and full documentation of income and assets, which thinned out the pool of potential buyers but is not presenting troubles to qualified buyers.

The market may also see more foreclosed properties in 2010 as lenders put bank-owned properties up for sale at competitive prices, which could bring down prices in certain neighborhoods. Foreclosed vacation condominiums bought at the height of the boom in 2006 and 2007 are also likely to flood the market, depressing prices for people trying to sell units in older buildings.

An interest rate reset next year for the adjustable rate mortgages known as Option ARMs for their optional payment plans could also throw more homeowners into foreclosure.

hawaiian slippers2010 positives:

• Lower prices will translate into higher sales.

• Potential for bargains for commercial buyers and tenants.

• Historically low interest rates.

• First-time homebuyer credit extended to April.

• Consumer and business confidence improving.

2010 negatives:

• More foreclosures and short sales will drive down prices in some neighborhoods, leaving the remaining homeowners "under water."

• Continued unemployment, public employee job cuts.

• Tight credit for all but the best risks.

 

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, ePro, C.D.P.E.
RE/MAX Honolulu

www.HNLCondos.com

808-497-3810

Douglas@HNLCondos.com

Douglas is an experienced and respected Honolulu, Hawaii Realtor Associate, in partnership with his Japanese speaking partner, Christopher Sumida, who specialize in residential Real Estate and the sale of Condos in the greater Honolulu area including the neighborhoods of: Waikiki, Diamond Head, Ala Moana, Kakaako, Kapiolani, Makiki, Chinatown and Downtown Honolulu.

We love Agent Referrals.

 

0 commentsDouglas Fischer • February 16 2010 02:20PM

2121 Ala Wai #704 - Very Popular Condo Building in Waikiki, Honolulu, HI

2121 ala wai condo building waikiki2121 Ala Wai #704 - Very Popular Condo Building in Waikiki, Honolulu, HI

Very nice, clean 2bd/1ba with views of the Ala Canal and Ala Wai Golf Course. Very popular building, with low maintenance fees.  2121 Ala Wai Blvd #704, Honolulu, HI  96815.  Asking $399,000.

Please see video showing this great 2bd/1ba condo at 2121 Ala Wai in West Waikiki.

View Details about 2121 Ala Wai Condos, Waikiki, Honolulu, Hawaii

View More Photos of 2121 Ala Wai Condos, Waikiki, Honolulu, Hawaii

View More Listings at 2121 Ala Wai Condos, Waikiki, Honolulu, Hawaii

 

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, ePro, C.D.P.E.
RE/MAX Honolulu

www.HNLCondos.com

808-497-3810

Douglas@HNLCondos.com

Douglas is an experienced and respected Honolulu, Hawaii Realtor Associate, in partnership with his Japanese speaking partner, Christopher Sumida, who specialize in residential Real Estate and the sale of Condos in the greater Honolulu area including the neighborhoods of: Waikiki, Diamond Head, Ala Moana, Kakaako, Kapiolani, Makiki, Chinatown and Downtown Honolulu.

We love Agent Referrals.

 

2 commentsDouglas Fischer • February 15 2010 01:50PM