November Oahu Single Family Home Prices Up Slightly

Real Estate Commentary: November Oahu Single Family Home Prices Up Slightly

The median price for Oahu single family homes median sales price for November 2011 was $58,000 up one percent from 2010; condo prices dropped by 5.5 percent at $295,000; according to the Honolulu Board of REALTORS analysis, using data collected from the Multiple Listing Service (MLS) system.

 

Distinctive Homes Hawaii brokerage firm looks ahead to help our buyers and sellers get the most value out of their property ownership. From our review of Novemeber stats there is a good indication that 2012 could be a more stable real estate market for Oahu. And even with bank loans drying up for middle income American, we've seen cash flow toward real estate investment and new ownership in the Waikiki and Honolulu areas.

 

STATS:

Single Family November 2011: 251 homes $580,000

Single Family November 2010: 248 homes +1.2% $574,500 +1.0%

Condos November 2011: 333 sales  $295,000

Condos November 2010 316 + 5.4% $312,000 -5.4%

Median price means half the prices were above and half below the given price.

 

During November, sales of 251 single-family homes and 333 condominiums were reported through the Board’s MLS, increases of 1.2 percent and 5.4 percent, respectively, for single-family homes and condominiums from November 2010.

 

The median price paid for island properties in November was $580,000 for single-family homes and $295,000 for condominiums, an increase of 1 percent for single family homes and a decrease of 5.4 percent for condominiums compared to the same month last year.

 

Source: http://www.hicentral.com/pdfs/HBR.NRWeb.1111Stats.pdf

Distinctive Homes Hawaii Announce TOP Real Estate Agents of the Year

November 30, 2011, HONOLULU, HI – Distinctive Homes Hawaii, a full service luxury real estate services firm, announced its 2011 top performers today. Fely L. Faulkner, RA ranked Top Producer of the Year; Aurora Andres, RA, GRI was named Top Lister; and Top Sales went to Marty Lum, RA.

Top Producer, Faulkner was a former research editor for the International Construction Reporter before joining Distinctive Homes Hawaii. That research experience has proven advantageous as she understands what to look for in a property for her clients to reap the most out of their investment.  Faulkner was born and raised on Oahu, this enables her to offer invaluable insight on local neighborhoods and Hawaii’s cultural paradise.

As top Lister, Andres brings over 25 years of national and international real estate experience to Distinctive Homes Hawaii. She holds real estate licenses in Hawaii and California and previously held licenses in New York and Hong Kong. Before joining Distinctive Homes Hawaii, Andres was with Valcore Real Estate. Her experience includes extensive work in the areas of finance, title, escrow and sales.

Lum works hard to provide clients with an exceptional real estate service beyond their expectations, which is one reason he is being recognized as Top Sales of the Year. Prior to joining Distinctive Homes Hawaii Lum was a senior real estate specialist at Coldwell Banker Pacific Properties. He has more than 30 years experience in government and various Hawaii business sectors.

Warren Daniel is the founder and managing member of Distinctive Homes Hawaii, a licensed luxury real estate investment brokerage firm. Daniel is also the owner of Ohana Beach Rentals Hawaii, the exclusive hotel?operator of the oceanfront luxury Diamond Head Beach Hotel and Residences ?in Diamond Head, one of only 12 hotels on Waikiki beach front.

Distinctive Homes Hawaii company specializes in luxury Hawaii real estate, from single-family residences to condos, town homes and the finest estate homes for sale on the Island of  Oahu including Honolulu, Diamond Head and Waikiki. The firm strives to provide the personal attention and trusted and reliable services that are pivotal to managing every step of the process in real estate and property management for its clients.

For more information visit www.ddhre.com. For interviews with Warren Daniel or the 2011 Top Agents you contact you may contact Charlene Brown at 808-923-9099  (office) or 808-284-7071 (cell). Or, email enquiries to Charlene@obrhi.com

Honolulu Real Estate Stats for November 2011

Oahu Property Stats Nov 2011

The Honolulu Board of Realtors has release the latest real
estate property statistics for Honolulu and Oahu.  The average price of
single family homes on Oahu is up 8.7% compared to the same month last year at
$729,970.  The average price of a condominium on Oahu jumped 7.4% during
the same period.  To see the complete report click here.