Waikiki Sunset 1-bedroom Fee Simple Legal Vacation Rental
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Waikiki Sunset 1-bedroom Fee Simple Suite Legal Vacation Rental
December 2022 Oahu Hawaii Housing Inventory Snapshot
Oahu Housing Inventory Snapshot as of December 31, 2022The December 2022 Oahu Hawaii Housing Inventory Snapshot represents aggregated values based on Honolulu MLS data as of December 31, 2022. Each inventory category includes a link providing the current Honolulu MLS listings for that particular category. The prices presented in the table are average prices meaning that the presented price includes homes priced well below and well above the average list price. The table is a micro approach in that it only considers data from the past month. The table does not provide the quantified 30-day trends for the list price, sold price, days on market or available listings. If you are interested in a more detailed table with numeric trend percentages, click here to register to receive the monthly report via email. Overall, for the immediate term, the Honolulu housing market is doing well with average list price up from the previous month for all single family homes and condo/townhomes. Even the average sold price was up for all categories with exception for the single family home market which dropped a small 3.41 percent. In general, all categories of home that are sold occurred within a 46-day period. However, the inventory was not replenished with number of listings down. Listings do tend to fall during the winter holiday period.
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Market RelativityAs a buyer, reviewing the new term housing inventory snapshot may seem disheartening, while owners or those listing their home may feel more confident about the market performance. Good news for all, market performance is relative to the period of time being considered. At the micro level the shifts can seem astounding, unrealistic, or possibly unattainable. So lets take a broader look at the market to see if there are any significant trends to suggest that no matter the price point entering the Honolulu real estate market can provide favorable returns. First, we expand our snapshot to consider the past or year. As of November 2022, the number of single family home and condo/townhome resales were down from 2021 with an overall drop of 16.2 percent while the median and average sales prices increased by 11.6 percent for single family homes and 7.4 percent for condo/townhomes. We learn that sales were down but price trended upwards during the past 12 months. If we take a more macro approach and look back 38 years, the change in median sales price and average sales price are up 596.7 percent and 572.4 percent, respectively, for single family homes. The same macro approach applied to the condo/townhome market has the change in median sales price up 467.9 percent and the average sales price are 476.4 percent. As with any investment, you do not suffer a loss until you sell. The market has oscillated in an upward direction during the past 38 years. Holding out now may yield you a little more profit or it may mean that you are entering the market at higher average list prices and average sold prices. Our recommendation is that you consult with your banker to see if you can afford to enter the market. If you don’t have substantial history with a particular bank then reach out to a mortgage broker. If you start getting serious about entering the market then you may want to consult both before presenting an offer. Ultimately the affordability for those who need a mortgage is going to make the market more challenging. Also keep in mind that no matter the market condition opportunity can present itself. For example, investors may just want out of the market for a variety of reasons and for tax purposes may be willing to list at below market values. Other times a listed investment property comes with a substantial amount of future revenue. Such opportunities only come to those who are actively looking and ready to pounce. Ready to AssistIf you know someone who is considering buying or selling a home, please give me a call. I provide professional and courteous service and offer decades of experience on Honolulu neighborhoods and communities. If you are considering selling, our digital marketing strategy and distributed print media ensures that your listing gets exposure. If you want to know what your home is worth in the current market Click Here, or for more personalized service, contact me directly at 808-223-0429 or email TH@Invest808.com. |
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2023 New Year Greeting
Hauʻoli Makahiki Hou
Advocating for Our Property Owner Rights
We started this year with a great deal of uncertainty: the Omicron variant on the rise, travel barriers increasing instead of decreasing and a general sense of exhaustion from almost two years of dealing with our lives turned upside down. However, we continued to strive and improve our services and commitment to our Clients, Staff and community. We expanded to a new office location and hired additional Staff. We saw a surge in real estate sales and our property management business also exceeded past year’s performance. We continued our advocacy for property owner rights. This will endure to be our aim as we embark on a new year.
Economic Growth Anticipated in 2023
As high inflation and rising interest rates challenge our market conditions and as the Federal Reserve continues its aggressive strategy to raise rates to suppress inflation, our economic outlook becomes less certain. If inflation persists, the Federal Reserve will need to continue to push interest rates higher through 2023. Interest rates effect our housing market and have the potential to push us into a recession in 2023; however, according to the 4th quarter University of Hawaii Economic Research Organization forecast report, economic growth is anticipated for Hawaii by the end of 2023.
Hedging Inflation
On the residential market, affordability and inflation are significantly impacting housing supply as builders are unable to produce housing that is affordable given the rising cost of materials. With strong demand for Hawaii housing and with constrained supply, housing values are unlikely to plummet. However, home sales have declined in 2022. Regardless, we continue to experience a surge in sales particularly with investors looking to hedge inflation.
Short Term Market Prospective
Our visitor industry has lagged in its recovery with visitor numbers still below the pre-pandemic level and we have yet to experience a return of our Japanese visitors. However, Japanese visitors are expected to return to pre-pandemic numbers later in 2023 and our mainland and European visitors have been more resilient improving our 2022 short term market from 2021 performance.
Long Term Market Prospective
Hawaii does anticipate a slow down in job growth and steady unemployment in 2023 but not sufficient enough to put Hawaii into an economic recession. In part, due to planned Federal spending, particularly in the construction industry and our defense sector, employment is expected to be steady and support a need for long long term rental housing.
Additionally, since the pandemic, our Staff has worked with our tenants in need to obtain rental aid which has helped immensely to keep our local residents housed while sustaining cash flow for our long term owners.
2022 is another year that we are thankful for all that we have. While our outlook does have uncertainty, we have indications that the future will be prosperous and you can be confident that we are working hard to improve our Clients bottom line. We hope all enjoy a safe and Happy New Year as we look forward to a more favorable 2023!
Hawaii Dream Realty LLC Receives 2022 Best of Honolulu Award
Press Release
FOR IMMEDIATE RELEASE
Hawaii Dream Realty LLC Receives 2022 Best of Honolulu Award
Honolulu Award Program Honors the Achievement
HONOLULU October 13, 2022 — Hawaii Dream Realty LLC has been selected for the 2022 Best of Honolulu Award in the Real Estate Agency category by the Honolulu Award Program.
Each year, the Honolulu Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make the Honolulu area a great place to live, work and play.
Various sources of information were gathered and analyzed to choose the winners in each category. The 2022 Honolulu Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the Honolulu Award Program and data provided by third parties.
About Honolulu Award Program
The Honolulu Award Program is an annual awards program honoring the achievements and accomplishments of local businesses throughout the Honolulu area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value.
The Honolulu Award Program was established to recognize the best of local businesses in our community. Our organization works exclusively with local business owners, trade groups, professional associations and other business advertising and marketing groups. Our mission is to recognize the small business community’s contributions to the U.S. economy.
SOURCE: Honolulu Award Program
CONTACT:
Honolulu Award Program
Email: PublicRelations@honor-local.com
URL: http://www.honor-local.com
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August 2022 Oahu Hawaii Housing Inventory Snapshot
Oahu Housing Inventory Snapshot as of August 28, 2022The August 2022 Oahu Hawaii Housing Inventory Snapshot represents aggregated values based on Honolulu MLS data as of August 28, 2022. Each inventory category includes a link providing the current Honolulu MLS listings for that particular category. The prices presented in the table are average prices meaning that the presented price includes homes priced well below and well above the average list price. The table does not provide the quantified 30-day trends for the list price, sold price, days on market or available listings. If you are interested in a more detailed table with numeric trend percentages, click here to register to receive the monthly report via email.
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The Single Family Home MarketThe single family home market has remained relatively stagnant with respect to average list price and average sold price while inventory has crept upwards. The luxury single family home markets continues to trend upwards with respect to pricing likely associated with less available inventory. The Condominium/Townhome MarketThe condominium/townhome market has experienced an increase in list prices although the average sold price has dropped as has inventory. With dropping inventory, the condominium/townhome market may be ready for an increase in average sold price. If you are in the market for a luxury condominium/townhome, both average list price and average sold price has dropped but so has the inventory. Oahu Housing Inventory SummaryOverall, inventory is providing more options to buyers but prices continue to make records despite the rising interest rates. Ultimately the affordability for those who need a mortgage is going to make the market more challenging. However, no matter the market condition opportunity can present itself. For example, investors may just want out of the market for a variety of reasons and for tax purposes may be willing to list at below market values. Other times a listed investment property comes with a substantial amount of future revenue. Such opportunities only come to those who are actively looking and ready to pounce. Ready to AssistIf you know someone who is considering buying or selling a home, please give me a call. I provide professional and courteous service and offer decades of experience on Honolulu neighborhoods and communities. If you are considering selling, our digital marketing strategy and distributed print media ensures that your listing gets exposure. If you want to know what your home is worth in the current market Click Here, or for more personalized service, contact me directly at 808-223-0429 or email TH@Invest808.com. |
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June 2022 Oahu Hawaii Housing Inventory Snapshot
The June 2022 Oahu Hawaii Housing Inventory Snapshot represents aggregated values based on Honolulu MLS data as of June 30, 2022. Each inventory category includes a link providing the current Honolulu MLS listings for that particular category. The prices presented in the table are average prices meaning that the presented price includes homes priced well below and well above the average list price. The table does not provide the quantified 30-day trends for the list price, sold price, days on market or available listings. If you are interested in a more detailed table with numeric trend percentages, click here to register to receive the monthly report via email.
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| No matter the market condition opportunity can present itself. For example, investors may just want out of the market for a variety of reasons and for tax purposes may be willing to list at below market values. Other times a listed investment property comes with a substantial amount of future revenue. Such opportunities only come to those who are actively looking and ready to pounce. If you know someone who is considering buying or selling a home, please give me a call. I provide professional and courteous service and offer decades of experience on Honolulu neighborhoods and communities.
If you are considering selling, our digital marketing strategy and distributed print media ensures that your listing gets exposure. If you want to know what your home is worth in the current market Click Here, or for more personalized service, contact me directly at 808-223-0429 or email TH@Invest808.com. |
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May 2022 Oahu Hawaii Housing Inventory Snapshot
The May 2022 Oahu Hawaii Housing Inventory Snapshot represents aggregated values based on Honolulu MLS data as of May 31, 2022. Each inventory category includes a link providing the current Honolulu MLS listings for that particular category. The prices presented in the table are average prices meaning that the presented price includes homes priced well below and well above the average list price. The table does not provide the quantified 30-day trends for the list price, sold price, days on market or available listings. If you are interested in a more detailed table with numeric trend percentages, click here to register to receive the monthly report via email.
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| The 30-day trend for the average list price fell marginally for all categories except condominiums/townhomes while the opposite trend occurred with the average sold price. Luxury condominiums/townhomes had a double digit rise in the 30-day trend for average sold price with a 12.1 percent increase. When considering all categories, the average days on market and average days sold fluctuated up and down during the past 30 days. The market has experienced a substantial rise in the number of active listings with the 30-day trend for all categories contributing to any additional 223 listings or a 15 percent increase in available properties for sale.
Not too much can be discerned from the mix trends with average days on market or sold but the marginal drop in average list price along with the substantial increase in supply suggest that the market is cooling off. However, the trend for average sold price also suggests that buyers are paying more than asking to get the home of their choosing. No doubt that building supply chain issues are going to help the resale housing market as builders are having to wait longer to get materials. But inflation is going to keep an upward push on the market prices especially while new housing becomes more and more stagnant. Time will tell if the rising interest rates will help to curtail prices but they are still relatively and historically low. No matter the market condition opportunity can present itself. For example, investors may just want out of the market for a variety of reasons and for tax purposes may be willing to list at below market values. Other times a listed investment property comes with a substantial amount of future revenue. Such opportunities only come to those who are actively looking and ready to pounce. If you know someone who is considering buying or selling a home, please give me a call. I provide professional and courteous service and offer decades of experience on Honolulu neighborhoods and communities. If you are considering selling, our digital marketing strategy and distributed print media ensures that your listing gets exposure. If you want to know what your home is worth in the current market Click Here, or for more personalized service, contact me directly at 808-223-0429 or email TH@Invest808.com. |
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March 2022 Oahu Hawaii Housing Inventory Snapshot
The March 2022 Oahu Hawaii Housing Inventory Snapshot represents aggregated values based on Honolulu MLS data as of March 31, 2022. Each inventory category includes a link providing the current Honolulu MLS listings for that particular category. The prices presented in the table are average prices meaning that the presented price includes homes priced well below the average list price. The table does not provide the 30-day trends for the list price, sold price, days on market or available listings. If you are interested in a more detailed table with trend percentages, click here to register to receive the monthly report via email.
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| The trend for the average list price and for the average sold price for all categories has risen for March 2022. The average days on market has marginally increased for all categories except luxury single family that has accelerated with 31 fewer days on market before having an acceptable purchase contract. Additionally, the number of active listings has decreased for all categories. With supply waning, demand will contribute to increases in average list price and the average sold price. The increase in prices is also likely contributed to supply chain price increases too. Given the near term persistence of the supply chain issues, the potential exists for an upward trend in prices regardless of demand.
No matter the market condition opportunity can present itself but only for those who are actively looking and ready to pounce. If you know someone who is considering buying or selling a home, please give me a call. I provide professional and courteous service and have first hand knowledge on Honolulu neighborhoods and communities. If you are considering selling, our digital marketing strategy and distributed print media ensures that your listing gets exposure. If you want to know what your home is worth in the current market Click Here, or for more personalized service, contact me directly at 808-223-0429. |
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April 2022 Hawaii Featured Honolulu Real Estate For Sale
Aloha! Our advertisement for the April 2022 Homes & Land publication featuring Honolulu real estate listings from Hawaii Dream Realty LLC. Our company is proud to have partnered with Homes & Land to market properties for sale. Homes & Lands print media compliments our online sales and marketing provided through our own www.Invest808.com website in addition to Realtor.com, Trulia, Zillow, and other third party listing providers. Our listings can also be found on The Wall Street Journal real estate portal, The Washington Post real estate portal, The New York Times and The International Herald Tribune real estate portals as well as other established luxury lifestyle real estate portals.
Homes & Land is not just a magazine, it is a fully integrated marketing program including a printed magazine distributed locally and worldwide and online giving our listings increased local exposure beyond the Multiple Listing Services. With Homes & Land our listings get exposure with more than 2,700 targeted, quality publications mailed to Oahu homes; exposure through 101 street magazine boxes all over the island; direct distribution to industry professionals including mortgage companies, title companies, banks, coffee houses, airport lounges, golf courses, hotels, and real estate offices; and reaches over 200 MILLION unique visitors worldwide through Internet marketing campaigns and online syndication that target Asia, China, Korea, Europe, Japan, Canada and Latin America.
You can find our advertisements on the back cover in the current issue as well as past issues. Contact your Realtor if you have any questions about any of the properties appearing in any issue of the Estates & Homes publication.
We Moved Our Office
Effective April 1, 2022, we have moved our office to a new location. We relocated one block to a commercial space within the Waikiki Resort Hotel lobby. We are very excited about the new location. The location is central between many buildings we manage in the Waikiki area. The new location enables us to continue to service our customers’, clients’, guests’, and tenants’ individual needs.
All contact information (phone numbers, emails, websites and portals) shall remain the same to include our secure mailing address: PO BOX 4569, Kaneohe, HI 96744. Only our physical office location has changed to 2460 Koa Ave, Unit # F, Honolulu, HI 96815.
SOLD 34 Days – Waikiki Condotel Studio Investment $95,000 LH
Waikiki Condotel Studio Investment
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February 2022 Oahu Hawaii Housing Inventory Snapshot
The February 2022 Oahu Hawaii Housing Inventory Snapshot represents aggregated values based on Honolulu MLS data as of February 25, 2022. Each inventory category includes a link providing the current Honolulu MLS listings for that particular category. The prices presented in the table are average prices meaning that the presented price includes homes priced well below the average list price. The table does not provide the 30-day trends for the list price, sold price, days on market or available listings. If you are interested in a more detailed table with trend percentages, click here to register to receive the monthly report via email.
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| The 30-day trend for the average list price is indeed trending downward for a second consecutive month for single family and for luxury family homes. However, the average sold price for single family homes has remained relatively unchanged while the luxury single family homes plummeted nearly 23 percent. The condo/townhome and luxury condo/townhome average list price trended upward during the past 30 days while their average sold price fell. The 30-day average days on market for all categories except condo/townhome fell with the largest decrease in the luxury single family home selling in 42 days. The 30-day trend in inventory for all markets has begun to increase from the previous month.
You must keep in mind that the trends are all short term and most purchase and sales contracts take longer to close than 30-days. None-the-less, the short term market movement provides an indicator into rates of change. Given the trends, we are seeing waning demand in the housing markets as seller adjust their prices down with increasing supply indicating a shift toward a buyers market. However, the average days on market suggested that the market is not stagnant and demand remains strong for the condo/townhome markets. No matter the market condition opportunity can present itself but only for those who are actively looking and ready to pounce. If you know someone who is considering buying or selling a home, please give me a call. I provide professional and courteous service and have first hand knowledge on Honolulu neighborhoods and communities. If you are considering selling, our digital marketing strategy and distributed print media ensures that your listing gets exposure. If you want to know what your home is worth in the current market Click Here, or for more personalized service, contact me directly at 808-223-0429. |
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January 2022 Oahu Hawaii Housing Inventory Snapshot
The January 2022 Oahu Hawaii Housing Inventory Snapshot represents aggregated values based on Honolulu MLS data as of January 28, 2022. Each inventory category includes a link providing the current Honolulu MLS listings for that particular category. The prices presented in the table are average prices meaning that the presented price includes homes priced well below the average list price. The table does not provide the 30-day trends for the list price, sold price, days on market or available listings. If you are interested in a more detailed table with trend percentages, click here to register to receive the monthly report via email.
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| The 30-day trend for the average list price has settled down from the previous month’s jump with all categories except condo/townhome dropping. The overall change from the previous month is significant. The luxury single family market 30-day trend in average sold price continued its upwards leap to a 22 percent increase however the luxury condo/townhome market fell by 15 percent. The 30-day average days on market for all categories except luxury single family homes dropped but not by a significant margin. The 30-day trend in inventory for all markets remained relatively stagnant.
You must keep in mind that the trends are all short term and most purchase and sales contracts take longer to close than 30-days. None-the-less, the short term market movement provides an indicator into rates of change. Given the trends, we are still seeing a strong demand for luxury single family homes and condo/townhomes regardless sellers are adjusting prices downward and accepting less money for single family homes and luxury condo/townhomes. With supply remaining flat, we could see upward pressure on prices in the near term. As long as inventory remains low, along with near term mortgage interest rates, the market will continue to favor sellers. Even a market that favors sellers does not mean that deals are none existent. No matter the market condition opportunity can present itself but only for those who are actively looking and ready to pounce. If you know someone who is considering buying or selling a home, please give me a call. I provide professional and courteous service and have first hand knowledge on Honolulu neighborhoods and communities. If you are considering selling, our digital marketing strategy and distributed print media ensures that your listing gets exposure. If you want to know what your home is worth in the current market Click Here, or for more personalized service, contact me directly at 808-223-0429. |
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SOLD 21 Days – Hawaiian King Waikiki Turnkey Investment For Sale $86,000 LH
$85,000 LH, Honolulu, 1 Bed – Nicely renovated in 2015 with new kitchen, appliances, dishwasher added, wood tile flooring throughout, shower and comfortably furnished to sleep up to four with a queen Beauty Rest bed with a Smart motion base and a pull out couch. Hawaiian King offers all the conveniences of Waikiki with Waikiki Beach a short 5-minute walk. Pool, building manager, convenience store and local bar are on site. Pool is to be renovated in Jan 2022. Maintenance Fee includes: water, sewer; electric is sub-metered and billed with the monthly Maintenance Fee. Turnkey investment currently being rented short term.
$85,000
Single Family Home
1 Bedroom
1 Full Bathroom
Interior: 468 sqft
Year Built: 1959
MLS #: 202130307
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Features
- Single Family Home
- Fully Furnished Turnkey Investment
- Short Term Vacation Rental
- 468 sf Living Area
- 1-bedroom Suite
- Window Air Conditioner Unit
- Include Home Warranty Program
- Garden View from Patio
- BBQ Area and Pool
- Maintenance Fee includes Utilities
- Resident Manager on Property
- Offered Leasehold
Interested? See more information or schedule showing
For more information, contact (808) 735-2221
SOLD 58 Days – Pacific Monarch Waikiki Condotel For Sale – $480,000 FS
Pacific Monarch Waikiki Condotel For Sale
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Anytime, Anywhere, Any Device…We Bring Owners and Tenants Together
Honest, Ethical, Reliable & Supportive TEAM- Full Service Property Management and Sales
- Professional Management Systems
- Long Term Tenant Screening – Credit/Criminal/Eviction Checks
- Inspections, Maintenance and Cleaning Coordination
- Owner’s Portal Online 24/7 Access
- Direct Deposit Monthly Disbursements
- Marketing and Advertising Included (No Additional Cost)
- Marketing Syndications: AirBnB, Booking.com, HomeAway, VRBO, Vacation Rentals, Expedia, TripAdvisor and MORE
- Short Term Guest Management Services with ID Verification
- MAXIMIZING OWNERS BOTTOM LINE!
Whether you are looking for someone to take the burden of the daily demands of managing the property and the tenants, or looking for someone to make sure you are in compliance with Landlord Tenant Code, Hawaii Dream Realty LLC has a TEAM of ethical, licensed, professionals to get the job done while making your investment as profitable as possible.
September 10, 2021, Honolulu Department of Planning and Permitting Testimony from Theresa Harden (R)
More than 200 people testified Wednesday before the City and County of Honolulu’s Planning Commission on the second day of public hearings for a bill that would implement more regulations for short-term rentals. Theresa Harden’s testimony compelled multiple follow-on questions from the commissioners and resulted in a 1-hour phone conversation with a commissioner the day following her testimony. The video is Ms. Harden’s compelling testimony.
Theresa Harden (R) is the Principal Broker for Hawaii Dream Realty LLC. Hawaii Dream Realty LLC is an independent and licensed real state brokerage founded in 2007, is located in the heart of Waikiki, and specializes in sales, marketing, exchange and management of investment properties.
SOLD – Mililani High Floor Condominium – $360,000 – 56 DOM
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SOLD – Cash Generating Waikiki Legal Vacation Rental – $88,000 – 154 DOM
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| Our recent listings
Cash Generating Waikiki Legal Vacation Rental | $88,000 | Honolulu, HI
Mililani High Floor Condominium | $365,000 | Mililani, HI Legal Waikiki Vacation Rental | $95,000 | Honolulu, HI Aqua Palms Waikiki Condotel Investment For Sale | $298,800 | Honolulu, HI Pacific Monarch Waikiki Condotel For Sale | $421,688 | Honolulu, HI
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SOLD – Kewalo Gardens Fee Simple 1-Bedroom with Parking – $315,000 – 19 DOM
Kewalo Gardens Makiki Fee Simple 1-Bedroom with Parking
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| Our recent listings
Kewalo Gardens | $319,000 | Honolulu, HI
Desirable High Floor Makaha Valley Towers Studio | $175,000 | Waianae, HI Legal Waikiki Vacation Rental | $95,000 | Honolulu, HI Aqua Palms Waikiki Condotel Investment For Sale | $298,800 | Honolulu, HI Pacific Monarch Waikiki Condotel For Sale | $421,688 | Honolulu, HI
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Your O'ahu Real Estate Connection 