Welcome to the Distinctive Homes Hawaii Blog
Stay informed with the latest Honolulu Hawaii real estate news, reports and statistics. Articles include Honolulu Board of Realtors market reports, KHON TV Eye On Hawaii, real estate news, mortgage rates and special property offerings.
Honolulu Real Estate TV Show Eye One Hawaii - Episode 17
Watch Episode 16 of Eye On Hawaii, the exclusive Honolulu Real Estate show with DHHRE and KHON
Watch Episode 15 of Eye On Hawaii, the exclusive Honolulu Real Estate show with DHHRE and KHON2
Watch Episode 14 of Eye On Hawaii with Distinctive Homes Hawaii's owner Warren Daniel and KHON TV
August Monthly Housing Statistics- Honolulu Board of Realtors
The month of August continued the trend seen from recent months showing a shortage of inventory, increased number of sales and increasing prices. Single family home prices rose 9.2%, and following along, condominium prices increased 6.7%. The number of closed sales also climbed upward with single family homes up 5% and condominiums showing a huge increase at 21%!! In related news, interest rates remain at historically low levels prompting buyers to act before rates inevitably go up. Experts agree that the time to buy is now, as prices are projected to increase 10% at the end of this year, according to economist Paul Brewbaker.
Watch Episode 13 of Eye On Hawaii
July Monthly Housing Statistics – Honolulu Board of Realtors
Single family home prices rose 7.4% in the month of July, while condominiums rose a whopping 15.5%! The number of closed sales is also on the upswing with single family homes up 5.6% to 265 homes and condos up 21.3% to 364 sales in July. However, while sales are increasing inventory continues to slide to new lows. The number of listings for homes was down 19.3% and condos down 12.5% this past month. With sales volume increasing and supply diminishing, upward pressure on pricing is projected to continue this year. Economist Paul Brewbaker is projecting prices to rise 10% this year!
Paul Brewbaker Forecasts Continued Hawaii Home Price Growth
The annual Mid-Year Real Estate Review with Paul Brewbaker was held yesterday at the Waialae Country Club in Honolulu Hawaii. The event was sponsored by Distinctive Homes Hawaii, Honolulu Home Loans and Old Republic Title & Escrow. Invitees included several real estate developers and the top real estate agents on Oahu. Mr Brewbaker stressed the fact that the Hawaii real estate market has continued the steady increase in values after bottoming out in 2009. The annual projected price growth for 2012, 2013 and 2014 is 10% with interest rates remaining low throughout the same period.
To view the entire presentation please click here.
The newest Eye on Hawaii segment has aired this morning on KHON2's Wake Up 2day. Enjoy!
Enjoy Episode 11 of Eye On Hawaii. Distinctive Homes Hawaii's Exclusive Hawaii Real Estate Show!