Nick Kawakami

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How Many Ililani Condo Websites Are Too Many?

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On July 26th, our fellow Hawaii real estate brokerage, Locations Hawaii, announced the official sales information for a brand new condo in Kakaako. The project, called “Ililani,” features a healthy mix of affordable units and market units and is projected to sell out quickly. As a licensed millenial, I popped open my phone and used Google to find info on the project. The resulting search brought me to dozens of non-developer websites, with the top results belonging to agents who are not even associated with Locations. There’s a clear strategy brewing here, and it made me pause and wonder what kind of message we agents are sending to consumers.

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Prices show steady rise, while market grows

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Summer is here and boy is it a hot one (literally)! I don’t know about all of you, but I’m on the hunt for good A/C wherever I go. In fact, maybe I’ll only take listings that have A/C this summer (just kidding)!! The market overall seems to be heading as expected, as more inventory comes on and prices still rise. Let’s take a look at some stats and see what we can decipher.

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July Brings a Bump in High-End Residential A & Resort Property Tax

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Both Hotel/Resort & Residential A upper-bracket rates saw a minimum $1.00 jump vs. last year

Yesterday, the State of Hawaii released the property tax rates for the 2019-2020 fiscal year and there were notable changes that will affect residential investors. Both the Resort/Hotel and Residential A (Tier 2) class of properties saw a minimum $1.00 jump to $13.90 and $10.50, respectively. Both of these classes target investors in properties like vacation rentals in resort zoning or high-end homes available for rent.

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Summer Inventory Heats Up, As Housing Prices Cool

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May 2019 stats show expected changes as median prices dip overall and active listings grow.

Happy June everyone, and hope you’re surviving the heat! As expected, 2019 is shaping up to be an interesting year as we start to see the fruits of a pickier Buyer’s market. It’s definitely not time to panic, especially as median prices dip, but let’s see what kind of trends we’re watching as the first half of the year comes to a close.

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ShredFest 2019

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Here ye! Here ye! Bring all your unwanted personal documents to our office for SAFE and SECURE disposal! Clean out those file cabinets! Empty those manila envelopes! It’s time to SHRRRRRRRRRRED!

Shred-It Hawaii will be at our office (1045 Mapunapuna St., behind Servco Toyota) on Saturday, April 27, 2019 starting at 9:00 am with their document shredding truck.  This is a free event, sponsored by my brokerage, so bring as much stuff to shred as you’d like!

Details

  • Paper only, since it will be recycled after shredding.
  • Staples, small paperclips, and manila folders are fine.
  • Plastics (i.e sheet protectors, binding combs), electronic media storage (i.e. CDs, thumb drives), and binder clips need to be REMOVED beforehand.
  • Boxes will NOT be accepted, so please take those back home and blue bin those bad boys!

NOTE: Since this year is sponsored by my brokerage, it will not be as intimate as last year’s shred fest. I would highly recommend that you come as early as possible, and avoid any backlog that may be happening.

Hope to see you there!

Volunteers will be on hand all morning collecting your shredding items for the truck. Hope to see you all there, and thank you for supporting our event!