Oahu October 2017 Housing Inventory Snapshot

I hope you will find the following snapshot of local Real Estate inventory interesting. 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  October 30, 2017
Average List Price Median List Price Average DOM: active listings Number of Listings
Honolulu County, HI
Click to Search Single Family under $1M $719,482 $749,000 66 418
Click to Search Single Family over $1M $3,023,283 $1,800,000 115 465
Click to Search Condo/Townhome under $500K $290,822 $296,000 80 737
Click to Search Condo/Townhome over $500K $1,477,707 $889,000 97 678
If you know someone who is considering buying or selling a home, please give me a call. I will provide professional and courteous service along with knowledgeable guidance through the process.

Oahu September 2017 Housing Inventory Snapshot

I hope you will find the following snapshot of local Real Estate inventory interesting. 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  September 27, 2017
Average List Price Median List Price Average DOM: active listings Number of Listings
Honolulu County, HI
Click to Search Single Family under $1M $713,342 $725,000 65 405
Click to Search Single Family over $1M $3,047,810 $1,800,000 114 483
Click to Search Condo/Townhome under $500K $291,295 $300,000 81 757
Click to Search Condo/Townhome over $500K $1,469,708 $892,500 102 683
If you know someone who is considering buying or selling a home, please give me a call. I will provide professional and courteous service along with knowledgeable guidance through the process.

 

Mortgage Bankers Association September 2017 Rate Forecast

Mortgage Bankers Association September 2017 Rate Forecast

The September 2017 Mortgage Bankers Association rate forecast for the 30 year fixed rate mortgage is showing the third quarter of 2017 as the lowest percent average rate for the next five consecutive quarters and nearly reaching a whole percentage point up by the end of 2018.  Historically, during the forecast period the average forecast rate since the previous quarter maintained a consecutive quarter-over-quarter average rate increase at a less aggressive rate than what is forecasted to occur moving forward. The aggressive average rate increase is expected to better control a run-up in home prices.  According to Freddie Mac’s September outlook report, total home sales are expected to increase 2 percent from 2017 to 2018 with a 4.9 percent increase in home prices in 2018.

Overall we are still dealing with a nation wide housing shortage so we will need to keep watch to see if this aggressive pattern holds with future forecasts. We can expect fluctuations in the rate as they will not remain stagnant but will slightly deviate around the quarterly average.

As such, if you are looking to sell, you can benefit from stable prices and strong demand:

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.

And if you are buying, affordability can become an issue with rising interest rates and rising home prices so the earlier you get into the market the better your chance to still get a relatively low interest rate on a mortgage but you need to take action now:

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

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted 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 forecasted by Mortgage Bankers Association. VA home loan is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

 

Oahu August 2017 Housing Inventory Snapshot

 

I hope you will find the following snapshot of local Real Estate inventory interesting. 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  August 31, 2017
Average List Price Median List Price Average DOM: active listings Number of Listings
Honolulu County, HI
Click to Search Single Family under $1M $708,315 $725,000 69 405
Click to Search Single Family over $1M $3,015,426 $1,850,000 111 491
Click to Search Condo/Townhome under $500K $291,107 $296,000 78 759
Click to Search Condo/Townhome over $500K $1,474,494 $899,000 103 688
If you know someone who is considering buying or selling a home, please give me a call. I will provide professional and courteous service along with knowledgeable guidance through the process.

 

August 2017 Hawaii Featured Oahu Real Estate For Sale

Aloha! Our advertisement for the August 2017 Estates & Homes publication featuring Oahu real estate listings from EXIT Realty in Hawaii. EXIT Real Estate Associates 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 ExitRealtyHonolulu.com website in addition to Realtor.com, Trulia, Zillow, and other third party listing providers. In addition, our listings can be found on The Wall Street Journal real estate portal, The Washington Post real estate portal, The New York Times and The International New York Times real estate portals as well as other established luxury lifestyle real estate portals.

With Homes & Land our listings get exposure with more than 2,700 targeted, quality publications mailed to Oahu homes; direct distribution to industry professionals including mortgage companies, title companies, banks, coffee houses, and real estate offices; and reaches over 190 MILLION unique visitors worldwide through Internet marketing campaigns and online syndication that target Asia, Europe, Japan, India, 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.

Oahu July 2017 Housing Inventory Snapshot

I hope you will find the following snapshot of local Real Estate inventory interesting and if you are already in the market exciting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory Snapshot July 31, 2017
Average List Price Median List Price Average DOM: active listings Number of Listings
Honolulu County, HI
Click to Search Single Family under $1M $707,533 $725,000 64 441
Click to Search Single Family over $1M $3,063,797 $1,828,000 116 505
Click to Search Condo/Townhome under $500K $288,090 $295,000 76 744
Click to Search Condo/Townhome over $500K $1,496,895 $895,000 106 705
If you know someone who is considering buying or selling a home, please give me a call. I will provide professional and courteous service along with knowledgeable guidance through the process.

Honolulu Board of Realtors June 2017 Local Housing Statistics

Click Here for PDF Version of the Honolulu Board of Realtors June 2017 Local Market Update

The below information and linked report are produced by the Honolulu Board of Realtors using the HiCentral MLS data management system. Our brokerage’s website provides you with the same property sales information that is used to provide the below market metrics. EXIT Real Estate Associates is a brokerage member of the Honolulu Board of Realtors and is granted access to the same MLS database but with online tools to assist you with your search, we have a fast-loading mobile app for all smartphone users, and we are qualified by the State of Hawaii to provide advise and guidance on any of the listings you view from www.ExitRealtyHonolulu.com. We look forward to be of service to you.

Oahu June 2017 Housing Inventory Snapshot

I hope you will find the following snapshot of local Real Estate inventory interesting and if you are already in the market exciting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory Snapshot  June 27, 2017
Average List Price Median List Price Average DOM: active listings Number of Listings
Honolulu County, HI
Single Family under $1M $715,055 $730,000 68 457
Single Family over $1M $3,212,156 $1,875,000 115 480
Condo/Townhome under $500K $291,291 $295,000 77 693
Condo/Townhome over $500K $1,437,255 $877,500 96 776
If you know someone who is considering buying or selling a home, please give me a call. I will provide professional and courteous service along with knowledgeable guidance through the process.

Oahu May 2017 Housing Inventory Snapshot

I hope you will find the following snapshot of local Real Estate inventory interesting and if you are already in the market exciting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory Snapshot  May 28, 2017
Average List Price Median List Price Average DOM: active listings Number of Listings
Honolulu County, HI
Single Family under $1M $722,569 $740,000 68 461
Single Family over $1M $3,175,842 $1,850,000 120 475
Condo/Townhome under $500K $293,807 $299,000 75 684
Condo/Townhome over $500K $1,498,647 $925,000 97 710
If you know someone who is considering buying or selling a home, please give me a call. I will provide professional and courteous service along with knowledgeable guidance through the process.

June 2017 Hawaii Featured Oahu Real Estate For Sale

Estates and Homes EXIT Real Estate Associates June 2017Aloha! Our advertisement for the June 2017 Estates & Homes publication featuring Oahu real estate listings from EXIT Realty in Hawaii. EXIT Real Estate Associates 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 ExitRealtyHonolulu.com website in addition to Realtor.com, Trulia, Zillow, and other third party listing providers. In addition, our listings can be found on The Wall Street Journal real estate portal, The Washington Post real estate portal, The New York Times and The International New York Times real estate portals as well as other established luxury lifestyle real estate portals.

With Homes & Land our listings get exposure with more than 2,700 targeted, quality publications mailed to Oahu homes; direct distribution to industry professionals including mortgage companies, title companies, banks, coffee houses, and real estate offices; and reaches over 190 MILLION unique visitors worldwide through Internet marketing campaigns and online syndication that target Asia, Europe, Japan, India, 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.

EXIT Real Estate Associates Realtors Receive Nominations for the 2016 Honolulu Board of REALTOR® Aloha ‘Aina Award Program

REALTORS® are members of the Nation Association of REALTORS® and represent a group of real estate professionals who are bound by a strict Code of Ethics and pledge to protect and promote the interests of their Client and treat all parties honestly. In 2016, the National Association of REALTORS® had 1,233,704 members. According to a Department of Commerce and Consumer Affairs Real Estate Commission Annual Report, in 2016 Hawaii had 13,924 active real estate brokers and salespersons but only 9,063 of those brokers and salespersons were association members that adhere to the strict Code of Ethics. Of those active real estate brokers and salespersons who are association members, the majority are part of the Honolulu Board of REALTORS®, one of the largest trade organizations in the State of Hawaii with approximately 6,000 members and the largest Board of REALTORS® in the United States which is surprising when you consider the relatively small percentage of Hawaii active real estate brokers and salespersons that comprise the National Association of REALTORS® membership.

Since 1998, the Honolulu Board of REALTORS® has recognized Oahu real estate brokers and salespersons that excel in their profession and provide superb service in accordance with their strict code of ethics with the Honolulu Board of REALTORS® Aloha ‘Aina Award Program. The Honolulu Board of REALTORS® accepts nominations from the public at large which are based on service provided directly to the client involved in a transaction during that given year. Additionally, nominees are required to be in good standing with the Honolulu Board of REALTORS® and the real estate commission.

For the 2016 Aloha ‘Aina Awards Program received over 1400 submissions for 556 Oahu REALTORS® who were nominated for this prestigious award. Of this elite group of nominees ten were recognized as the “Best of the Best” at the Honolulu Board of REALTORS® Holiday General Members Meeting on December 5, 2016.

Since 2007, EXIT Real Estate Associates, formerly EXIT Hawaii Dream Realty, has consistently received nominations for Aloha ‘Aina Awards program including one winner in 2012. Nani Nikcevich (S) received the award in 2012 for showing respect of the ‘aina (land) and for her commitment and dedication to her clients with the sale of their Hawaiiana estate. In 2016, EXIT Real Estate Associations received seven nominees including Sue Connelly (R), Rebecca Fagassa (RA), Theresa Harden (R), Michael La (RA), Diana Lindsey (RA), Luise Sefika (RA), and Lien Tyler (RA).

EXIT Real Estate Associates provides the tools, training, knowledge, resources, and recognition needed to succeed as a Real Estate professional in today’s market. The unique business structure of EXIT Realty means that EXIT Associates are able to focus on the best interest of their Clients with the full support of our corporate and local office no matter the circumstance of a transaction. Our Associates are proud to be in the Real Estate profession. We believe that our responsibility is to maximize our Clients bottom line while maintaining the strict Code of Ethics. We are also proud to be members of EXIT Realty Corp. International and to be recognized by this well-regarded nomination.

Congratulations to all Aloha ‘Aina Award nominees and the award winners. You worked hard to achieve your nomination and your recognition is justly deserved.

Oahu April 2017 Housing Inventory Snapshot

I hope you will find the following snapshot of local Real Estate inventory interesting and if you are already in the market exciting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory Snapshot  April 30, 2017
Average List Price Median List Price Average DOM: active listings Number of Listings
Honolulu County, HI
Single Family under $1M $726,092 $740,000 64 436
Single Family over $1M $3,246,110 $1,888,000 118 470
Condo/Townhome under $500K $290,901 $299,000 74 655
Condo/Townhome over $500K $1,527,068 $928,000 94 705
If you know someone who is considering buying or selling a home, please give me a call. I will provide professional and courteous service along with knowledgeable guidance through the process.

Kuhio Village Blessing

EXIT Real Estate Associates is committed to preserving the ‘aina and Hawaiian values as well as the importance of spirituality in our everyday lives. Our company has worked hard with the Kuhio Village and neighboring communities to spread the spirit of aloha and provide for a positive and rewarding experience for all our guest, customers and clients.

The blessing of Kuhio Village by Kumu Karen Leialoha Carroll and her father was greatly appreciated by Theresa Harden, Principal Broker, and her Staff, as well as the residents of Kuhio Village. Kumu Carroll provides inner peace and guidance through her words of wisdom, her spiritual chants and prayer. Mahalo nui loa to Kumu Karen Leialoha Carroll and her father for creating an unforgettable moment and connecting us with our community.

Click on the photo to open the flickr album of pictures taken during the blessing of Kuhio Village on April 21, 2017. The blessing begins with the EXIT Real Estate Associates office and progresses through the lobby area and grounds of Kuhio Village. Kuhio Village Blessing

Oahu March 2017 Housing Inventory Snapshot

I hope you will find the following snapshot of local Real Estate inventory interesting and if you are already in the market exciting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory Snapshot  March 28, 2017
Average List Price Median List Price Average DOM: active listings Number of Listings
Honolulu County, HI
Single Family under $1M $714,860 $735,000 71 407
Single Family over $1M $3,215,272 $1,950,000 116 473
Condo/Townhome under $500K $292,385 $299,000 76 639
Condo/Townhome over $500K $1,649,682 $950,000 107 639
If you know someone who is considering buying or selling a home, please give me a call. I will provide professional and courteous service along with knowledgeable guidance through the process.

Oahu February 2017 Housing Inventory Snapshot

I hope you will find the following snapshot of local Real Estate inventory interesting and if you are already in the market exciting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory Snapshot  February 25, 2017
Average List Price Median List Price Average DOM: active listings Number of Listings
Honolulu County, HI
Single Family under $1M $706,870 $720,000 74 415
Single Family over $1M $3,292,468 $1,950,000 119 474
Condo/Townhome under $500K $288,644 $295,000 83 604
Condo/Townhome over $500K $1,647,139 $975,000 108 641
If you know someone who is considering buying or selling a home, please give me a call. I will provide professional and courteous service along with knowledgeable guidance through the process.

Oahu January 2017 Housing Inventory Snapshot

I hope you will find the following snapshot of local Real Estate inventory interesting and if you are already in the market exciting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory Snapshot  January 28, 2017
Average List Price Median List Price Average DOM: active listings Number of Listings
Honolulu County, HI
Single Family under $1M $704,617 $720,000 80 391
Single Family over $1M $3,137,859 $1,850,000 115 471
Condo/Townhome under $500K $296,571 $299,000 90 605
Condo/Townhome over $500K $1,661,245 $995,000 109 633
If you know someone who is considering buying or selling a home, please give me a call. I will provide professional and courteous service along with knowledgeable guidance through the process.

February 2017 Hawaii Featured Oahu Real Estate For Sale

Estates and Homes EXIT Real Estate Associates Feb 2017Aloha! Our advertisement for the February 2017 Estates & Homes publication featuring Oahu real estate listings from EXIT Realty in Hawaii. EXIT Real Estate Associates 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 ExitRealtyHonolulu.com website in addition to Realtor.com, Trulia, Zillow, and other third party listing providers. In addition, our listings can be found on The Wall Street Journal real estate portal, The Washington Post real estate portal, The New York Times and The International New York Times real estate portals as well as other established luxury lifestyle real estate portals.

With Homes & Land our listings get exposure with more than 2,700 targeted, quality publications mailed to Oahu homes; direct distribution to industry professionals including mortgage companies, title companies, banks, coffee houses, and real estate offices; and reaches over 190 MILLION unique visitors worldwide through Internet marketing campaigns and online syndication that target Asia, Europe, Japan, India, 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.

Mortgage Bankers Association December 2016 Rate Forecast

Mortgage Bankers Association December 2016 Rate Forecast

Mortgage Bankers Association December 2016 Rate Forecast

The December 2016 Mortgage Bankers Association rate forecast for the 30 year fixed rate mortgage is showing the final quarter of 2016 ending slightly lower than previously forecast but overall closing out the year with the same 3.9 percent average rate. But that is where this forecast changes its tune to a more aggressive upward trend in the rate forecast through 2017 and 2018 than in previous forecasts while the 2019 annual orecast remains unchanged. With this month’s forecast we are seeing increased volatility in the forecast over previous month’s which suggests that change in the form of rate increases are forth coming.

Overall this forecast supports that the 30-year fixed rate mortgages have begun to  meander upwards at a slightly more aggressive rate that previously forecasted with the out year rate forecast supporting the aggressive upward trend. Given the rate of increase in the average mortgage rates, the rates will remain at historically low levels for only the very near term. Overall we are still dealing with a nation wide housing shortage so we will need to keep watch to see if this aggressive pattern holds with future forecasts. We can expect fluctuations in the rate as they will not remain stagnant but will slightly deviate around the quarterly average.

As such, if you are looking to sell, you can benefit from stable prices and strong demand:

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.

And if you are buying, you can benefit from historically low mortgage rates but you need to take action now:

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

So what do these rates mean if you are seeking a Veteran’s Assistance or VA home loan? The rates one actually qualifies is based on several factors including the loan program, credit score and credit worthiness. The forecasted 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 forecasted by Mortgage Bankers Association. VA home loan is a home loan guaranty program offered to Veterans, military service members and eligible surviving spouses.

CLICK HERE for more information on VA Home Loans.

Oahu Real Estate For Sale – Great Location 2/1/1 Honolulu Condo

750 Kaheka St #906 Honolulu, HI
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Click For Listing Website Click For Interactive e-Tour
A MUST SEE! Beautiful, secure, and CONVENIENTLY LOCATED! Walking distance to Ala Moana Shopping Center, 24/Hour Fitness, right across the street from Don Quijote, and many great dining spots! Enclosed lanai for extra living space, nice kitchen with window to living room, convenient covered parking space in secure garage, and unit just steps away from elevator. Find comfort in 24/7 video surveillance in this secured building. Perfect for a relaxing and BBQing down at the pool. Listing agent is Jodi Rementer.
MLS# 201629058
$449,000
2 Bed, 1 Bath
750 Kaheka St #906
Honolulu HI, 96814
Theresa Harden ePro PB Realtor
EXIT REAL ESTATE ASSOCIATES
808-735-2221
EXIT REAL ESTATE ASSOCIATES Theresa Harden ePro PB Realtor

Queen’s Villa Investment Condo Fee Simple Virtual Tour

1459 Pele St #207 Honolulu, HI
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Click For Listing Website Click For Interactive e-Tour
Priced to sale, near Queen’s Hospital, State Capitol; lower Punchbowl area ~ quiet yet convenient to bus lines and H-1. NEW laminate flooring throughout living and bedroom area. NEW window air conditioner. NEW vertical blinds and drapes. Freshly painted, clean and neat, completed August 2016. Kitchen cabinets new in 2011. Tenant occupied, long term $1,195 monthly rent until July 31, 2017. Fee simple income opportunity awaits the savvy investor. Listing agent is Dolly Ozois (RA).
MLS# 201628293

$189,900

1 Bed, 1 Bath

1459 Pele St #207
Honolulu HI, 96813

Theresa Harden ePro PB Realtor

EXIT REAL ESTATE ASSOCIATES

808-735-2221

EXIT REAL ESTATE ASSOCIATES Theresa Harden ePro PB Realtor