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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 Feb thru Jul of 2018 (last 6 months) we have seen the actual numbers of sales for homes decrease - compared to the same month in 2017 - for 5 out of 6 months. Conversely, for condos during the same 6 month period we have seen an overall increase of sales compared to last year. This is partly due to some buyers being priced out of the home market and choosing a condo as the only viable alternative. Read More

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Why is this such an enigmatically difficult thing to do? How does a Seller know he/she is not underselling or overselling at a wildly under/unattainable price? How does a Buyer know he/she is not simply overpaying? At the end of the day, it really has everything to do with statistics and the laws of supply and demand. Assuming freedom & transparency of information - when there is a large enough supply of something accompanied by an equally large demand of the same thing - the free market does a good job of equaliberlizing the supply-demand fair price. However, when something such as Penthouse are very few in number... Read More

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In 2018 the housing market on Oahu continues to break median sales price records at a steady pace with overall prices increasing unabated - so far. However, from January thru May of 2018 we have seen the actual number of sales for both condos and homes decrease - compared to the same month in 2017 - for 3 out of 5 of the last months. DOMs (Days on Market) for condos jumped by 20% in April and by 35.7% in May. One more month and this upward trend of DOMs (and inventories) becomes statistically significant. Just after a long term real estate cycle peaks the first indicator is a decrease in sales followed by an increase in inventories. Once that continues prices inevitably flatten. We will will be watching the trend closely to see if it is just an anomaly. Read More

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Welcome to the July 2018 edition of our Great Value Hawaii Luxury Real Estate! We feature both Homes & Condos which we think offer especially great value for potential Buyers. The first building we showcase is the Koolani with a median sold price of $1.025M over the last 12 months, features beautiful ocean views and amenities second to none. The second building showcased here is in the Hokua building where units have sold at a median price of $2.45M in the last 12 months. This building also located in Kakaako - South East Corner, sits with a front row seat to Ala Moana Beach Park and the clear blue ocean beyond. Read More

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Knowledge is Wealth! So would be a time machine sending us back to year 2003. Should have, could have and would have! Right? Only if I had known at the time I should have, could have and definitely would have bought two more of those condos! At average yearly appreciation rates of 4.5% for condos (4.6% for homes) on Oahu in the last 30 years that $250K condo back in 2003 would be worth almost double that amount now. In this month's Hawaii Damon Newsletter we will look at several East Oahu neighborhoods while giving a general overview of the market status in the rest of Oahu. Depending on your real estate goals you can then strategize accordingly. This is required reading for anyone looking to buy or sell proper Read More

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Here are the May 2018 (April Data) Oahu Hawaii Real Estate housing statistics courtesy of the Honolulu Board of Realtors – Hawaii Housing Stats, Apr-2018. In 2018 the housing market on Oahu continues breaking records at a steady pace. In March 2018 we witnessed the median condo price reach $435,000 breaking yet a new and second record in 2018 from January ($430,000). DOMs (Days on Market) for condos jumped by 20% in April partly due to the lofty condo prices though probably statistically insignificant at this point until a continued upward trend can be seen solidifying in the next two months. Most likely any upward condo DOM trend will quickly be mitigated by rising single family home prices (DOM decreasing) - now at approximately 3 times median US prices - are continuing to drive the sales of alternatively more affordable condos. Read More

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Interest Rates - I strongly feel that we have moved into a new economic paradigm of lower interest rates and lower inflation for reasons which I mostly covered in my September Hawaii Damon Newsletter (Quantitative Tightening). The FED will continue to slowly increase the FED Funds rate in the next year or few (after one this month, maybe 2 more increases in 2018) by only .25% each time) and there is no doubt that in the long term the FED Funds rate carries mortgage interest rates with it. However, short and medium term (as mentioned in previous newsletters) it is all about the 10 Year Treasuries (Bonds) and specifically their yields (interest rates) which compete with the home mortgage rates (the 30 yr rate is for the most part, a premium % on top of the 10 year treasury yields). Read More

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Welcome to the March-April 2018 edition of our Great Value Hawaii Luxury Real Estate! We feature both Homes & Condos which we think offer especially great value for potential Buyers. The first property we showcase is a luxury home in Upper Hahaione, completely remodeled at a semi-luxury price - a polished gem of a home. The second property showcased here is the conveniently located and semi-luxury Windsor building in West Waikiki. This semi-luxury condo makes for a great investment for the savvy investor or move-in ready convenient urban-beach living. Read More

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US-China-World Trade Eruption vis a vis Hawaii Real Estate & Japan's Mitigating Role? - Knowledge is Wealth! So would be a crystal ball, especially one that could predict the ramifications of the US administration's last week announcement of slapping $60B in tariffs on Chinese products (just to start). One might wonder how this could possibly affect real estate in Hawaii. For those of you who have followed my newsletters, we have learned how interest rates, T-Bill yields, inflation, exchange rates and various other economic factors can affect the real estate market in general and here in Hawaii in particular. We can now add world trade and the health of it thereof as another important factor. Read More