Real Estate Service Powered by Innovation
DR Horton stopped by the office today to update on the latest release coming for their Ho‘opili development out on the Ewa Plains. Titled ‘Akoko, it will be all multi-unit buildings with prices starting in the $300Ks on the affordable end. [Read more…] about ‘Akoko Coming to Ho‘opili
From time to time, I’ll see a story pop by that reads something like, “Former CIA Director Assures Us He Did Not Just Tweet His Password” or “Sean Spicer Just Tweeted Something That Looks an Awful Lot Like a Password.” And up until now, I’ve always thought, “Idiots! How can you be so dumb to send out your password?!” Well, today I found out. On today’s episode of “don’t do that,” I show you how easy it is to send someone your password. [Read more…] about Don’t Do That: Self-Leaked Passwords
What!? Fall already!? School is back in session, the REAL summer heat has set in, and real estate prices continue to set year-over-year gains. A quick shout-out before we get into the numbers, as my thoughts are with all of the people affected by the unprecedented weather in the southeast United States. I have a lot of friends and family affected by all of it, and ask that everyone do their best to help out those in need this fall! Anyway, on to the stats… [Read more…] about The Real Estate Balloon Keeps Soaring Higher! 🎈
The bathroom is one of the most popular rooms of the house to renovate. But, you don’t have to overhaul it to make it sparkle like new. Below are five tips to enhance the appearance of your bathroom without undertaking an expensive and intensive remodel. Forward this information on to family and friends who are looking to update their bathrooms.
You may have seen the recent article titled, “Prices Through the Roof,” in the July 7th issue of the Star-Advertiser. Besides the fact that they used the exact same title, almost to the day last year, it’s a headline that will catch some eyes and sell some papers. While I’ve been talking about this climb for a while now, let’s take a look at the June numbers to see just how “through the roof” we are.
The biggest number on the board is the median sales price of single-family homes at $795,000. That’s to say, if we were to take all of the closings last month, put them on a list in order of sales price, and looked at the one smack in the middle, it would have sold for $795,000. On its own, that’s a big number and eerily close to $800,000. But if we look at the entire year as a whole, the median price is only up 3.2% year to date. Versus June 2016, which was up 6.1% year to date, that median number may seem large, but the overall market is showing slower growth. Yes, we may see that median price jump over $800,000 in the near future, but let’s not get ahead of ourselves and start predicting a million dollar median price by 2022.
The most surprising number, in my opinion, is the number of closed sales in the single-family home market. In June, that number jumped 14.2% over last year, and continues up year-to-date. With all the industry talk about limited inventory, the number of closed sales continue to climb. This is especially surprising as the months of inventory (the number of months it would take to sell everything, if nothing else came on the market) dropped 10% to 2.7 months.
Condos saw their numbers dip a little, but continue to rise year to date. At $400,000 median price for the month of June, and $399,000 median price year-to-date, they are also on track to close the year as expected. I don’t see any real reason to believe that the growth should change, but will be interested to see as a lot of new listings came on the market last month (692, up 18.5% over June 2016, and up 9.8% year-to-date over 2016).
Looking forward, I don’t see any shortage of growth in prices but will be watching the inventory numbers closely. I’ll be looking to see if that ratio between new listings and closed sales still pushes the months of inventory down, or if the high prices start a shift.
Happy July everyone!
Nick
Howard Hughes has just begun to release information about their upcoming project named, Aalii (spelled ‘A‘ali‘i in Hawaiian, and pronounced Ah-ah-lee-ee). While the final details have not been confirmed, here is a brief summary of the lofty expectations for the newest addition to Ward Village. [Read more…] about ‘A‘ali‘i at Ward Village is Coming Soon!
Happy May everyone! As we say “Goodbye!” to Spring, and “Hello!” to Summer, the market had a mixed bag of good news and not-so good news to report in April. Let’s break down some stats and see if we can see any trends building as we head into the (traditionally) busier Summer months. [Read more…] about A Mixed Bag of Market News for April
With warmer weather on the horizon and summer beach days ahead, it’s a good time to take inventory of your gear. Today’s post focuses on one of the most important aspects of a good island adventure, keeping your food & drink nice and cool! I’ll break down three great modern coolers that will keep your cold cuts chilled, long after the sun has set.
How many of you are still using old coolers, passed down from generation to generation, as if a rare family heirloom that has withstood the test of time? Remember these old Gott brand coolers?
Strangely enough, there has been a real surge in cooler technology over the past couple of years that have left these old foam-filled coolers melting under the Hawaiian sun. Advancements in materials and manufacturing have allowed companies to bring industrial insulation methods to consumer coolers (think about how quickly Hydroflask took off once they were able to vacuum insulate a water bottle). Here are three of my favorite modern coolers, perfect for a day at the beach…
RTIC Cooler (RTIC 20 Tan) – $199.00
The smallest of their molded coolers, the RTIC 20 quart version is perfect for a picnic, boat ride, camping trip, or at home for the big game. Seemless molded construction and heavy rubber latches not only make it durable, but RTIC claims it can keep ice for up to 10 days! [Buy at Amazon.com]
Polar Bear Coolers H2O Cooler – $129.95-$219.95
Polar Bear has a great track record of making great soft coolers, and the H2O features a leakproof, sweatproof, DuraTemp liner. The Tarpaulin waterproof outer shell, along with the addition of Closed Cell Foam, makes the new Polar Bear H2O 100% waterproof. That means, if you take it on the boat, you can be sure that salt water will stay in the ocean and not get in your food. [Buy at Amazon.com]
AO Coolers Canvas Soft Cooler – $49.95-$89.95
The most “stylish” (kinda) and traditional-looking cooler in this list, the Canvas Soft Cooler from AO Coolers features double the insulation of most soft coolers. AO boasts a 24 hour ice age, and a $50 price tag for the 12-pack version makes this the most affordable choice in our list. [Buy at Amazon.com]
After all of this, some of you may be telling yourself, “200 bucks for a cooler?! I can just get a Coleman for $40 at Costco.” And while that is true, I can personally tell you that the value in a good cooler is well worth the added cost. I can’t tell you the number of camping trips I’ve been on, parties I’ve hosted, or picnics attended where someone needs to go get ice to refill the cooler. Yes, it is a big, somewhat-luxury investment, but our island lifestyle lives outdoors, and a good cooler will make it that much better.