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.

August 2021 Oahu Hawaii Housing Inventory Snapshot

The August 2021 Oahu Hawaii Housing Inventory Snapshot represents aggregated values based on Honolulu MLS data as of August 28, 2021. Each inventory category includes a link providing the current Honolulu MLS listings for that particular category. 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. The 30-day trend for the average list price for all categories, except luxury single family homes, rose slightly for a second consecutive month. The luxury single family homes average list price fell just over 4 percentage points in the past 30 days. The average sold price for all categories, except condominiums/townhomes, rose with the luxury market leaping upwards over 30 percent while the single family market had only a marginal 2 percent gain and condominiums/townhomes fell less than one percentage point from the previous month. The average days on market for both active listings and listings that sold, for the most part, varied by less than one week while the overall trend showed a decrease in days on market.   Inventory wise, all categories, experienced varying degrees of absorption with a downward trend on the number of active listings from August timeframe.  The snapshot for August continues to support favorable trends for sellers. The significant leap in the average sold price for the luxury market is contributing to the sellers pricing expectations. However, the average list price relative to the average sold price for the luxury market is considerable meaning that seller expectations are high but sellers are settling for less. Housing Inventory Snapshot  August 28, 2021  Average List Price Average Sold Price Average DOM: active/sold listings Number of Listings Honolulu County, HI Click to Search Single Family under $1M [MLS Data Based on SFH] $1,292,991 $1,153,323 45 / 17 343 Click to Search Single Family over $1M [MLS Data Based on Luxury SFH] $6,336,225 $5,482,692 136 / 80 102 Click to Search Condo/Townhome under $500K [MLS Data Based on Condo/Townhome] $424,051 $454,457 85 / 36 770 Click to Search Condo/Townhome over $500K [MLS Data Based on Luxury Condo/Townhome] $2,465,296 $1,655,233 148 / 70 251

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.

Labor Day Greeting

As we head into Labor Day, we hope you’ll find some time to relax over the long weekend. As much as the holiday today has come to symbolize the end of summer, it began with an effort by the American labor movement in the 1800’s to ensure safe working conditions and living wages. In that spirit, we honor the contributions workers make to the strength and well-being of our country. It’s the commitment and drive of our fellow citizens that helps make our nation great.

Mililani High Floor Condominium

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$365,000 Condominium Main Features 2 Bedrooms 1 Full Bathroom Interior: 799 sqft Year Built: 1973 MLS #: 202119530 Location 95-2051 Waikalani Place Mililani, HI 96789 USA

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   Subscribe to our listing feed

Cash Generating Waikiki Legal Vacation Rental

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$88,000 Condominium Main Features 1 Full Bathroom Interior: 232 sqft Year Built: 1975 MLS #: 202119350 Location 2450 Prince Edward Street 201A Honolulu, HI 96815 USA

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   Subscribe to our listing feed

July 2021 Oahu Hawaii Housing Inventory Snapshot

The July 2021 Oahu Hawaii Housing Inventory Snapshot represents aggregated values based on Honolulu MLS data as of July 31, 2021. Each inventory category includes a link providing the current Honolulu MLS listings for that particular category. 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. The 30-day trend for the average list price for all categories, except luxury single family homes, rose slightly.  Luxury single family homes fell nearly 5 percentage points in their list price in the past 30 days. The average sold price for luxury market, for homes and condominiums alike, dropped significantly with luxury condominiums plummeting just over 23 percentage points.    Inventory wise, all categories, except condominiums/townhomes which lost 23 listings, remained flat or had a slight increase. Our average days on market whether considering active or sold listings suggests the market is still supporting sellers. The luxury market seems to be losing steam. Overall, the trend supports a market likely transitioning to a flat market over the next quarter which is consistent with seasonal performance as we move out of summer.      Housing Inventory Snapshot  July 31, 2021  Average List Price Average Sold Price Average DOM: active/sold listings Number of Listings Honolulu County, HI Click to Search Single Family under $1M [MLS Data Based on SFH] $1,260,204 $1,131,229 46 / 18 351 Click to Search Single Family over $1M [MLS Data Based on Luxury SFH] $6,614,638 $4,100,000 144 / 78 109 Click to Search Condo/Townhome under $500K [MLS Data Based on Condo/Townhome] $413,640 $456,517 87 / 33 807 Click to Search Condo/Townhome over $500K [MLS Data Based on Luxury Condo/Townhome] $2,331,466 $1,262,558 144 / 66 271

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.

Kewalo Gardens Makiki Fee Simple 1-Bedroom with Parking

Kewalo Gardens Makiki Fee Simple 1-Bedroom with Parking

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$319,000 Fee Simple Single Family Home Main Features 1 Bedroom 1 Full Bathroom Interior: 405 sqft Year Built: 1987 MLS #: 202113301 Location 1503 Liholiho Street 402 Honolulu, HI 96822 USA

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   Subscribe to our listing feed

Desirable High Floor Makaha Valley Towers Studio

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$175,000 Fee Simple Condominium Main Features Studio with Full Bathroom Interior: 515 sqft Year Built: 1970 MLS #: 202118658 Location 84-710 Kili Drive Waianae, HI 96792 USA

Our recent listings 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 Waikiki Condotel Studio Investment | $98,000 | Honolulu, HI   Subscribe to our listing feed

Waikiki Kuhio Village Condotel Studio Kitchenette Turnkey Investment

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$95,000 Leasehold Condominium Main Features Studio with Bathroom Interior: 238 sqft Year Built: 1975 MLS #: 202116112 Location 2450 Prince Edward St 1107A Honolulu, HI 96815 USA

Our recent listings 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 Waikiki Condotel Studio Investment | $98,000 | Honolulu, HI Waikiki Condotel Turnkey Investment | $85,000 | Honolulu, HI   Subscribe to our listing feed

June 2021 Oahu Hawaii Housing Inventory Snapshot

The June 2021 Oahu Hawaii Housing Inventory Snapshot represents aggregated values based on Honolulu MLS data as of June 30, 2021. Each inventory category includes a link providing the current Honolulu MLS listings for that particular category. 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. The 30-day trend for the average list price for all categories, except condominiums/townhomes, dropped with single family homes falling over 11 percent in the past 30 days. The average sold price for single family and luxury single family homes fell however, condominiums/townhomes  and luxury condominiums/townhomes rose slightly.  Inventory wise, all categories, except luxury condominiums/townhomes, took an turn upward with the most significant increase in the 30-day inventory trend with single family homes.  While the condominium/town home market is showing signs of a peak however, the trend suggests that single family homes and luxury single family homes may have peaked with list price and sold price while their inventories start to climb. Housing Inventory Snapshot  June 30, 2021  Average List Price Average Sold Price Average DOM: active/sold listings Number of Listings Honolulu County, HI Click to Search Single Family under $1M [MLS Data Based on SFH] $1,235,940 $1,110,155 44 / 20 345 Click to Search Single Family over $1M [MLS Data Based on Luxury SFH] $6,950,414 $4,470,833 138 / 58 105 Click to Search Condo/Townhome under $500K [MLS Data Based on Condo/Townhome] $410,224 $443,897 87 / 39 830 Click to Search Condo/Townhome over $500K [MLS Data Based on Luxury Condo/Townhome] $2,262,464 $1,646,296 144 / 79 271

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.

May 2021 Oahu Hawaii Housing Inventory Snapshot

The May 2021 Oahu Hawaii Housing Inventory Snapshot represents aggregated values based on Honolulu MLS data as of May 31, 2021. Each inventory category includes a link providing the current Honolulu MLS listings for that particular category. 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. The 30-day trend for the average list price for single family homes, luxury single family homes, and condominiums/townhomes remained relatively steady. While luxury single family homes had a slight uptick in the average list price and a significant uptick in the 30-day trend for average sold price. Inventory wise, the 30-day  trend continued to retreat downwards for all categories. Overall, the chart depicts a decreasing housing inventory supply and steady to increasing demand for Honolulu housing.  Housing Inventory Snapshot  May 31, 2021  Average List Price Average Sold Price Average DOM: active/sold listings Number of Listings Honolulu County, HI Click to Search Single Family under $1M [MLS Data Based on SFH] $1,402,129 $1,160,197 61 / 29 298 Click to Search Single Family over $1M [MLS Data Based on Luxury SFH] $7,480,707 $4,937,500 137 / 83 87 Click to Search Condo/Townhome under $500K [MLS Data Based on Condo/Townhome] $395,792 $443,545 98 / 43 825 Click to Search Condo/Townhome over $500K [MLS Data Based on Luxury Condo/Townhome] $2,345,646 $1,586,413 159 / 72 275

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 your 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.

Memorial Day Greeting 2021

Hawaii Dream Realty is a Veteran Owned Business. We extended the warmest wishes with this greeting from our Principal Broker and thank those who served and still serve, and to all those who support our Warfighters. Thank you and God bless all.

Waikiki Condotel Studio Investment

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$98,000 Condominium Main Features 1 Full Bathroom Interior: 286 sqft Year Built: 1975 MLS #: 202112095 Location 2450 Prince Edward Street 609A Honolulu, HI 96815 USA

Our recent listings Waikiki Condotel Turnkey Investment | $85,000 | Honolulu, HI Waikiki Condotel Studio Investment | $98,000 | Honolulu, HI Pacific Monarch Waikiki Condotel For Sale | $421,688 | Honolulu, HI Royal Aloha Investment Property For Sale | $199,000 | Honolulu, HI   Subscribe to our listing feed

 

Waikiki Condotel Turnkey Investment

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$85,000 Condominium Main Features 1 Full Bathroom 1 Unit Interior: 232 sqft Year Built: 1975 MLS #: 202111994 Location 2450 Prince Edward St 208A Honolulu, HI 96815 USA

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Our recent listings Waikiki Condotel Turnkey Investment | $85,000 | Honolulu, HI Waikiki Condotel Studio Investment | $98,000 | Honolulu, HI Pacific Monarch Waikiki Condotel For Sale | $421,688 | Honolulu, HI Royal Aloha Investment Property For Sale | $199,000 | Honolulu, HI   Subscribe to our listing feed

April 2021 Oahu Hawaii Housing Inventory Snapshot

The below table represents aggregated values based on MLS data as of April 30, 2021. Each inventory category includes a link providing the current Honolulu MLS listings for that particular category. 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. Otherwise, the 30-day trend for the average list price for single family homes, condominiums/townhomes and luxury condominiums/townhomes remained relatively steady while luxury single family homes had a slight uptick. The 30-day trend for average sold price was slight a mix of upticks and downticks was up for all categories. Inventory wise, the actual trend was generally downwards for all categories. Housing Inventory Snapshot  April 30, 2021  Average List Price Average Sold Price Average DOM: active/sold listings Number of Listings Honolulu County, HI Click to Search Single Family under $1M [MLS Data Based on SFH] $1,342,655 $1,069,206 64 / 29 312 Click to Search Single Family over $1M [MLS Data Based on Luxury SFH] $7,201,174 $5,029,091 124 / 91 95 Click to Search Condo/Townhome under $500K [MLS Data Based on Condo/Townhome] $377,312 $437,552 106 / 40 899 Click to Search Condo/Townhome over $500K [MLS Data Based on Luxury Condo/Townhome] $2,166,547 $1,332,365 161 / 77 304

If you know someone who is considering buying or selling a home, please give me a call. While open houses are eliminated due to COVID-19 precautions, our digital marketing strategy and distributed print media ensures that your listing gets exposure. I provide professional and courteous service along with knowledgeable guidance through the process. 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.

Mortgage Bankers Association August 2021 Rate Forecast

Mortgage Finance Forecast for August 2021

Advancing Mortgage Forecast

Our last review of the Mortgage Finance Forecast occurred in January 2021 and suggested that the historically low mortgage rates of the past were behind us.  As we move into the second quarter of 2021, the forecast holds however our mortgage rates have fallen for a third consecutive week as of  April 22, 2021, and are currently below the rate from one year ago.  The forecast has rates averaging 3.4 percent by the end of June 2021 which means that the rates we are currently experiencing need to jump in order for the average to reach 3.4 percent.  Likewise by the end of 2021, the average rate is forecast to be 3.7 percent which means rates are expected to exceed 3.7 percent for some period of time before the end of 2021.

Historical Perspective

The mortgage rate graph depicts a steady decline during the past 40 years. The graph was from a housing and economic recovery webinar presentation prepared for the Hawaii Association of Realtors by Dr. Paul Brewbaker, a respected and renown local economist. Click Here if you would like to view a full recording of the webinar.

Stay Informed

Register on www.invest808.com  to receive the Housing Inventory Snapshot to follow the market trends.  The Housing Inventory Snapshot is also posted to our blog however in order to receive the monthly trends you must register on the website.

Check out how much your home is worth based on local home values in your neighborhood. Simply enter your address and see what is available in your neighborhood.

See available Just Listed Honolulu, Hawaii homes that are for sale right now.

VA Home Loans

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? VA home loan is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses. The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecast rates are only intended to provide you with insight into what the market considers as the overall average rate for the given period. You must check with your financial institution to find out what rate you qualify and in some cases that rate may be lower than what you see forecast by Mortgage Bankers Association.

March 2021 Oahu Hawaii Housing Inventory Snapshot

The below table represents aggregated values based on MLS data as of March 28, 2021. Each inventory category includes a link providing the current Honolulu MLS listings for that particular category. 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. Otherwise, the 30-day trend for the average list price for single family homes and luxury single family homes dropped while the condominium/townhome and luxury condominium/townhome prices rose. The 30-day trend for average list price and average days on market (DOM) was up for all categories. Inventory wise, the actual trend was generally upwards with the exception of the luxury condominium/townhome which fell slightly. Housing Inventory Snapshot  March 28, 2021  Average List Price Average Sold Price Average DOM: active/sold listings Number of Listings Honolulu County, HI Click to Search Single Family under $1M [MLS Data Based on SFH] $1,348,840 $1,110,459 65 / 34 327 Click to Search Single Family over $1M [MLS Data Based on Luxury SFH] $6,775,408 $4,908,773 122 / 152 99 Click to Search Condo/Townhome under $500K [MLS Data Based on Condo/Townhome] $374,752 $431,570 110 / 49 982 Click to Search Condo/Townhome over $500K [MLS Data Based on Luxury Condo/Townhome] $2,164,778 $1,359,714 153 / 57 332

If you know someone who is considering buying or selling a home, please give me a call. While open houses are eliminated due to COVID-19 precautions, our digital marketing strategy and distributed print media ensures that your listing gets exposure. I provide professional and courteous service along with knowledgeable guidance through the process. 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.

53-549 Kamehameha Hwy PH, Hauula, HI 96717

Ocean Side Hanohano Hale Penthouse For Sale

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$92,900 Condominium Main Features 1 Bedroom 1 Full Bathroom 1 Unit Interior: 358 sqft Year Built: 1973 MLS #: 202104619 Location 53-549 Kamehameha Hwy PH Hauula, HI 96717 USA

March 2021 Hawaii Featured Honolulu Real Estate For Sale

Aloha! Our advertisement for the March 2021 Estates & Homes 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.

February 2021 Oahu Hawaii Housing Inventory Snapshot

Click on the inventory category to see current listings. The table represents aggregated values based on MLS data for the specified date. Housing Inventory Snapshot  February 28, 2021  Average List Price Average Sold Price Average DOM: active/sold listings Number of Listings Honolulu County, HI Click to Search Single Family under $1M [MLS Data Base on SFH] $1,454,863 $1,081,198 98 / 34 230 Click to Search Single Family over $1M [MLS Data Based on Luxury SFH] $6,963,325 $4,456,667 136 / 135 87 Click to Search Condo/Townhome under $500K [MLS Data based on Condo/Townhome] $341,056 $426,410 118 / 47 907 Click to Search Condo/Townhome over $500K [MLS Data Based on Luxury Condo/Townhome] $2,116,450 $1,349,152 160 / 78 337

If you know someone who is considering buying or selling a home, please give me a call. While open houses are eliminated due to COVID-19 precautions, our digital marketing strategy and distributed print media ensures that your listing gets exposure. I provide professional and courteous service along with knowledgeable guidance through the process. 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.