Author Archives: Damon Rhys

GREAT VALUE HAWAII LUXURY REAL ESTATE | PINNACLE CONDO & LOWER WAIALAE IKI | July 2019 by Damon Rhys

Welcome to the Summer 2019 Great Value Hawaii Luxury Real Estate section featuring both Homes & Condos which we think offer especially great value for potential Buyers. The first property showcased here, listed by Damon Rhys – Sachi Hawaii, is an ultra-rare half floor (17A) 3 bedroom unit in Downtown Honolulu’s prestigious “The Pinnacle” building. Built in 2008, this unit is situated in the favored “A” units facing Diamond Head and the Ko’olaus. With only two units per floor; arrive home to luxury with FOB secured elevator opening into your own private foyer. Read More

JULY 2019 OAHU HAWAII REAL ESTATE STATISTICS (JUNE DATA) & ANALYSIS | BY DAMON RHYS

In 2018 the housing market on Oahu continued to break median sales price records on a monthly basis, compared to the previous year, with overall prices having increased on a monthly basis for both homes and condos (the notable exception would be the luxury home market). However, in 2019 (actually starting in Dec last year) we have seen price increases slow down to the point where in 3 months so far this year, prices actually decreased. Read More

Bill 89’s Impact on Hawaii Real Estate

Knowledge is Wealth! So would be a round-trip time-travel ticket to 1986 when the DPP (Department Planning and Permitting) first started issuing NUCs (Non-conforming Use Certificates) for homes and condos outside of resort areas - as a temporary solution - in order for them to legally engage in B&B (Bed & Breakfast) and TVU (Transient Vacation Unit) rentals; collectively known as STR (short term rentals) businesses. During the Honolulu Board of Realtors Agent Forum on July 11th, addressing Bill 89 - the City Council's solution for the contentious and prolific STR businesses - Read More

Hawaii Real Estate Market – Losing Some Steam?

Knowledge is Wealth! So would be a round trip time travel ticket to 2029 for a day and then back to 2019 again. Imagine all the possibilities; stocks, real estate, precious metals etc. you could invest in knowing what would give you the highest rate of return and make you wealthy. There are certainly a few buildings and single family home neighborhoods on Oahu that I would have liked to have invested in - now with hindsight 20/20. Read More

Latest Oahu Areas Analyses – Buyers’ or Sellers’ Markets?

Knowledge is Wealth! The topic of this month's newsletter is meant to be an important update of the May 2018 Buyers' or Sellers' Market Analyses for many neighborhoods on Oahu. For both Buyers and Sellers it is important to know if you are buying or selling in a Buyers' Market or Sellers' Market - strategies should be planned accordingly! Read More

GREAT VALUE HAWAII LUXURY REAL ESTATE | Waialae Iki Home & Esplanade Condo | Jan 2019 by Damon Rhys

Welcome to the Winter 2019 edition of our Great Value Hawaii Luxury Real Estate where feature both Homes & Condos which we think offer especially great value for potential Buyers. The first property we showcase is a luxury home on Lower Waialae Iki Ridge on the quiet and exclusive Ehupua St. Originally built in 1962, it was remodeled in 2015 and features a single story layout with sweeping panoramic Ocean and Diamond Head views. The second property showcased here is a Citadel-in-the-Sky 2 bedroom unit in the renowned Esplanade Complex situated right on Koko Marina. Read More

DECEMBER 2018 OAHU HAWAII REAL ESTATE STATISTICS (NOV 2018 DATA) & ANALYSIS | BY DAMON RHYS

In 2018 the housing market on Oahu continues to break median sales price records on a monthly basis with overall prices still increasing unabated compared to last year (June was the only anomaly) for both homes and condos – so far (the notable exception would be the luxury home market). However, from May thru Nov of 2018 we have seen the actual numbers of sales for homes decrease – compared to the same months in 2017 – for 7 months in a row. Read More

MARKET UPDATE – BUY LUXURY HOME IN BUYERS’ MARKET

Knowledge is Wealth! So would be luxury homes on elastic rubber bands that actually fell in price in economic downturns (bust cycle) and snapped back upwards during economic upturns (boom cycles such as we are in now). After all, this is how the normal world works in free and fair markets. The same rules would also apply to almost all real estate EXCEPT luxury homes which is a market that seems to exist in a parallel universe encumbered with different laws of market physics. Read More