Bondanza Inc.Real Estate Blog

February 9th, 2012 12:50 PM

 

Click on the link below to open for HBR January 2012 Honolulu Real Estate Statistical Report.

 

HBR Satistics January 2012.pdf


Posted by William Bondanza on February 9th, 2012 12:50 PMPost a Comment (0)

FEBRUARY 2012 MARKET UPDATE

HONOLULU BOARD OF REALTORS MLS LISTED MULTIPLE UNIT BUILDINGS SOLD SINCE 7/3/11

ADDRESS

UNITS

PKNG

BLDG

SQ. FT.

LAND

SQ.FT.

CONSTRUCTION

NOI

SALES

PRICE

SALES DATE

1711 Citron St

4

4

2,828

3,800

Concrete ,HollowTile

$49,534

$1,052,500

9/22/2011

1875 Kapiolani

8

8

2,640

4,800

Masonry/Stucco

$36,281

$1,100,000

11/4/2011

1558 Kalakaua

4

5

2,288

7,360

HollowTile, SingleWall

$44,574

$1,230,000

10/7/2011

1764 Malanai

7

5

3,684

3,800

Concrete ,Masonry/Stucco

$60,600

$1,253,000

8/15/2011

1302 Kinau St

1

4

1,572

4,500

DoubleWall ,Wood Frame

NA

$742,550

12/14/2011

1511 Thurston

6

4

3,243

5,309

HollowTile ,SingleWall

NA

$875,000

12/5/2011

1206 Matlock

4

8

2,895

9,660

HollowTile ,Wood Frame

NA

$1,000,000

10/5/2011

1085 Karratti

6

6

3,520

7,033

HollowTile ,SingleWall

$49,100

$995,000

9/8/2011

1469 Makiki

5

8

3,182

6,000

HollowTile ,Wood Frame

NA

$1,250,000

7/7/2011

1348 Kinau St

6

6

3,634

5,850

HollowTile

$74,456

$1,400,000

10/14/2011

1551 Thurston

18

8

8,242

8,700

HollowTile , Wood Frame

$74,055

$1,788,000

8/18/2011

1707 Poki St

23

18

13,897

16,123

Concrete

NA

$4,300,000

9/23/2011

2419 Cleghorn

14

4

5,870

8,177

HollowTile , Wood Frame

$77,999

$2,000,000

7/1/2011

444 Ena Rd

13

9

5,780

5,881

Concrete ,HollowTile

$130,890

$2,250,000

12/29/2011

2420 Kuhio A

18

16

11,520

6,064

HollowTile ,Slab

$104,482

$2,600,000

7/1/2011

311 Saratoga

21

5

7,980

5,816

DoubleWall ,HollowTile

NA

$3,900,000

9/26/2011

2202 Waiola

2

4

2,435

4,029

HollowTile ,Wood Frame

$21,107

$635,000

10/5/2011

2104 Algaroba

7

7

5,789

7,114

Concrete ,HollowTile

$39,411

$1,400,000

11/30/2011

731 Hausten

10

6

4,628

6,932

Concrete ,HollowTile

NA

$2,100,000

12/20/2011

611 University

18

11

5,904

10,555

Concrete ,HollowTile

$197,160

$2,850,000

9/14/2011

1725 Young

3

3

1,280

2,891

Concrete

$28,590

$600,000

8/25/2011

2956 Varsity

8

5

3,879

5,795

HollowTile ,Wood Frame

$36,477

$995,000

7/15/2011

1574 Piikoi St

6

9

3,136

5,153

Wood frame

NA

$1,150,000

1/31/2012

1634 kewalo St

23

21

15,532

15,899

Concrete

NA

$4,100,000

1/31/2012

All information provided was gathered from sources deemed reliable but is not guaranteed and is subject to change without notice.

Prepared on February 4, 2012

 


Posted by William Bondanza on February 4th, 2012 8:25 AMPost a Comment (0)

May 17th, 2009 11:27 AM

The 9 Steps to Home Ownership

Step - 1 Make the Decision to Buy

It seems obvious, but it's good to note that the first step to buying a house is making the decision to buy. Consider the reasons you want a new house and write them down. Determine how long you want to live in the new house - does buying still make good financial sense? Can you afford a house that will meet your list of requirements? A good rule of thumb is your mortgage payment should not exceed 1/3 of your net monthly income.

Step 2 - Seek Professional Guidance

I'd like to schedule a time to meet with you to hear the reasons you want to buy a house and your plans for the future. We'll talk about neighborhoods, schools, economic factors liable to affect the market today and tomorrow, as well as how you would like your house and neighborhood to grow with you.

At this time, I will also help you get pre-qualified for a mortgage loan. Pre-qualification is a written statement from a loan officer indicating his or her opinion that you will be approved for a mortgage loan up to a certain amount. The fact that you are pre-qualified will help us when we are negotiating the deal.

Step 3 - Begin the Hunt

After our initial meeting, I'll search all my resources for houses on the market that fit your criteria. I'll preview these houses to eliminate the duds. Then, I'll schedule appointments to tour the houses at times convenient to you.

As we tour houses, I'll point out positive features and negative features. I'll ask you to tell me what you like and what you don't like. You'll probably amend your "wish list" as we tour houses, some things will become more important and others less important. With this new information, I'll refine our search criteria to narrow in on the house of your dreams.

Step 4 - Know the Market

My knowledge of the local market is an essential factor in the house search. I'll let you know when the market in a particular neighborhood is "hot" and requires immediate action or when the market is "cool" and allows for thoughtful consideration.

As we tour houses, I'll let you know when the asking price has negotiating room and when the house is "priced to sell". My unique market knowledge will keep you a step ahead of the "house hunting competition".

In a "seller's market". It is not unusual to see multiple offers on a property, full-price offers and even above-price offers. On the flip side, during a "buyer's market" there are more houses for sale than buyers. This gives us more negotiating room as houses are taking longer to sell.

Step 5 - Find Your Dream House

I'm confident we'll find your dream house. When we do, I'll put together the purchase offer tailored for your needs including appropriate contingencies (such as obtaining financing, favorable home inspection, clear title, etc.).

The offer is normally presented with "earnest money". This is a cash deposit made to a home seller to secure an offer to buy the property. The amount is applied to closing costs. If the seller accepts the offer, generally closing is held 30 to 60 days from the offer date (generally dependent on the turn around time of your mortgage financing).

Step 6 - Negotiate the Deal

It is not uncommon to receive a counter offer when the initial purchase offer is submitted. Don't let this discourage you. We will discuss the counter offer and decide whether or not to accept the counter offer, submit our own counter offer, or reject the counter offer and move on.

Market conditions will play a role in how aggressively we negotiate the deal. We will also work within your limits. Emotions can lead to buyer's remorse. It is better to set limits prior to negotiating an offer and stick to these limits.

Step 7 - Get a Loan

During the closing period, you will be working with your mortgage lender to close the loan. Since you pre-qualified for the loan before starting your home search, you will be that much closer to the end. I'll gather the necessary property information your lender will need to close the loan.

Step 8 - Close the Deal

You will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate is based on the loan officer's past experience and may not include all the closing costs. I will be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates I believe to be low.

Step 9 - Move In

Congratulations! It's time to move into your new house and make it your home. Enjoy this exciting time. I'll give you a checklist to help you remember the numerous details that will make your moving day a pleasure.

Posted by William Bondanza on May 17th, 2009 11:27 AMPost a Comment (0)

The link below will open to the March 2008 Residential Resale Monthly Statistical Report for Oahu. (provided by the Honolulu Board of Realtors)

http://www.hicentral.com/pdfs/MSR_Mar2008.pdf you need Adobe Reader to open the this file. If you do not have Adobe Reader you can download it by clicking on the Adobe icon on the lower left of the home page.

If you would like to know what your property may sell for now please contact me for a free market anaylysis.

Posted by William Bondanza on April 2nd, 2008 11:46 AMPost a Comment (0)

February 2008 Residential Resale Monthly Statistical Report for Oahu. (provided by the Honolulu Board of Realtors)

http://www.hicentral.com/pdfs/MSR_Feb2008.pdf you need Adobe Reader to open the this file. If you do not have Adobe Reader you can download it by clicking on the Adobe icon on the lower left of the home page.

If you would like to know what your property may sell for now please contact me for a free market anaylysis.

Posted by William Bondanza on March 12th, 2008 5:39 PMPost a Comment (0)

The link below will open the January 2008 Residential Resale Monthly Statistical Report for Oahu. (provided by the Honolulu Board of Realtors)

http://www.hicentral.com/pdfs/MSR_Jan2008.pdf you need Adobe Reader to open the this file. If you do not have Adobe Reader you can download it by clicking on the Adobe icon on the lower left of the home page.

If you would like to know what your property may sell for now please contact me for a free market anaylysis.

Posted by William Bondanza on February 7th, 2008 2:53 PMPost a Comment (0)

 

The link below will open the December 2007 Residential Resale Monthly Statistical Report for Oahu. (provided by the Honolulu Board of Realtors)

 Saturday, January 05, 2008MSR Dec 2007.pdf   You need Adobe Reader to open the this file. If you do not have Adobe Reader you can download it by clicking on the Adobe icon on the lower left of the home page.

If you would like to know what your property may sell for now please contact me for a free market anaylysis.


Posted by William Bondanza on January 5th, 2008 2:35 PMPost a Comment (0)

The median sales price for a condominium set a new record for Oahu in the third quarter, at $330,000, while median prices for single family homes dropped since the second quarter to $649,000. Compared to the same time last year, however, prices have had single-digit percentage increases of 2.3% and 4.8% for single family homes and condominiums. At the same time last year, prices stood at $635,000 and $315,000, respectively.

For the single family home market segment, the strongest gain by far was in the Diamond Head area, up 27.2%. This increase was followed by Central Oahu, up 11.8%, Leeward Coast, up 7.3%, Pearl City, up 5.3%, and Waipahu, up 3.1%. In the condominium category, the areas with the largest expansions were Pearl City, up 8.6%, Kaneohe, up 8.1%, Metro Oahu, up 6.5%, and Makakilo, up 6.1%.

The information above provided by the Honolulu Board of Realtors.

Despite all of the negative news related to real estate values being broadcast by the national news networks, Ohau prices have not only remained stable, but have in fact, increase overall since last year.

Many prospective buyers have been waiting for the prices to come down. But so far sales prices have not dropped to any significant  degree in most Oahu neighborhoods. Give the more stringent criteria required by mortgage lenders now, the longer time on market and the drop in the number of sales, this firmness in pricing is surprising to some.

In order for sellers to attract offers, properties must be priced competitively or the buyers will ignore them. In this market, most serious buyers will not even go to look at overpriced properties. However, if a property is priced right, prepared so that it shows well and it is presented properly, there are still sales to be had at good prices. There are still plenty of buyers out there.

How much longer this sideways to slightly upward tend in pricing will continue is anyone's guess.


Posted by William Bondanza on December 5th, 2007 4:06 PMPost a Comment (0)

The word I am getting from a number of foreign buyers is that they are becoming more attracted to U.S. properties, especially Hawaii, because of the falling value of the U.S. Dollar. In fact, some very astute foreign buyers are now positioning themselves to take advantage of the Japanese Yen and the Euro's growing strength against the dollar by targeting in on some high end Honolulu properties.

Some foreign buyers are anticipating scooping up bargains as prices in the U.S. as real estate market softens because of the sub-prime situation as well as taking advantage of the attractive currency exchange rates as the dollar weakens against their currencies. This activity may help stabilize depreciation in real estate values in some areas and may help raise prices in other more desirable markets.


Posted by William Bondanza on November 20th, 2007 2:29 PMPost a Comment (0)

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