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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 (both condos and homes) 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 property in Hawaii! 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

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Here are the March 2018 (February Data) Oahu Hawaii Real Estate housing statistics courtesy of the Honolulu Board of Realtors – Hawaii Housing Stats, Feb-2018. In 2017 we witnessed the housing market on Oahu break some records. In January 2018 we continued breaking records. This time the median condo price reached $430,000 in January 2018 breaking the previous record set in July and September of 2017 at $425,000. Though sales are slightly down this month for single family homes, prices have increased again. Lofty single family home prices - now at approximately 3 times median US prices - are continuing to drive the sales of alternatively more affordable condos. In Summary: Overall Oahu Real Estate Sales have increased by 2% and in January for Single Family Homes while decreasing by 1.1% for Condos compared to the same month last year. The overall combined trend is upward. Read More

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Here are the February 2018 (January Data) Oahu Hawaii Real Estate housing statistics courtesy of the Honolulu Board of Realtors – Hawaii Housing Stats, Jan-2018. In 2017 we witnessed the housing market on Oahu break some records. In January 2018 we continued breaking records. This time the median condo price reached $430,000 in January 2018 breaking the previous record set in July and September of 2017 at $425,000. Lofty single family home prices - now at approximately 3 times median US prices - are continuing to drive the sales of alternatively more affordable condos. In Summary: Overall Oahu Real Estate Sales have increased by 2% and in January for Single Family Homes while decreasing by 1.1% for Condos compared to the same month last year. The overall combined trend is upward. Read More

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Welcome to the Feb 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 Kahala near tax assessed value and recently completely renovated. It is a polished gem. The second property showcased here is the conveniently located and semi-luxury Waikiki Townhouse building in Waikiki. The building allows short term vacation rentals making it a lucrative buy as an investment property. Read More

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Best Schools on Oahu - Private vs Public & Property Values - Knowledge is Wealth! So are schools, especially exceptional ones, and if you happen to live near one the value of that learning institution is no doubt built into the price of your home. However, when schools go through a dramatic educational platform change - with the right mix of properties and demographics in the neighborhoods around such schools - it could profoundly affect the demand and thereby value of the homes within the immediate vicinity. This phenomenon is actually occurring right here in a certain area of Oahu and most of the lucky parents who are currently sending their children to these schools (hint: they are public) do not realize it. Read More

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Welcome to the Jan 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 semi-luxury home in Napali Haweo under tax assessed value, an unpolished gem. The second property showcased here is the conveniently located and semi-luxury Waikiki Park Heights building in Waikiki. The building allows short term vacation rentals making it a lucrative buy as an investment property. Read More