Real Estate Blog

Aalii Condos at Ward Village in Kakaako are the newest of Honolulu new condo buildings.  Pre-sales have begun in Sunday Jan 14th.  Studios, 1-Bedroom, and 2-Bedroom condos are currently available for purchase. Contact Kinga Mills, RA to schedule your showroom appointment.  808-722-3985 kigamills@hawaiilife.com

Additional Information:  https://www.hawaiilife.com/blog/new-aalii-condos-sale-ward-village-honolulu/

 

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The Wall Street Journal has published two news pieces about Kakaako this week.  The video below is from one of their articles.  

The Kakaako neighborhood in Honolulu, is experiencing a building boom.  Beautiful new luxury condominiums, restaurants,parks, and stores are replacing warehouses and old business buildings.   The area is becoming a gathering place for friends and neighbors to enjoy day and night.  

The newest of the new towers is the Waiea (formally known as 1118 Ala Moana).  With unobstructed ocean views, large residences, and spectacular amenities, the Waiea is Honolulu's premier luxury condominium at this time.   

Waikiki in Honolulu has always been know for amazing beaches and a fabulous place for a vacation, but Honolulu is

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Islands of Hawaii

Moving to Oahu

The state of Hawaii is made up of 6 major residential islands: Hawaii Island, Maui, Lanai, Molokai, Oahu, and Kauai.  Each island is different, and depending on your preferences, you will have a love or a need for one over the other.  Oahu is not the largest island in the chain, but it is the most developed of all the islands and the most populated island.  Residents can enjoy quiet beaches and beautiful scenery, and also have all the amenities and luxuries of a large city. Let’s explore what to expect when moving to Honolulu on the island of Oahu. Explore the beauty of Oahu. 

The People of Hawaii

The spirit of Aloha is in every business, area, and community.  Residents of Hawaii  are some of the nicest

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The February Hawaii real estate market statistics are out for Oahu and the market is strong!!!

  • The Honolulu Board of Realtors reports a 19.4% increase in the sales of homes over Feb 2015, and 11.7% increase in the sales of condominiums over Feb 2015.
  • Prices for Feb 2016 as compared to February a year ago increased 8% for homes to $700,000, and 16.1% on condos to $378,444.

The condo sales statistics don't include the new Honolulu condo sales. These numbers, only represent the resale listings.  Once many of the new condo building are completed and resales begin, then these numbers will be included in the sales volume and prices above.  

 

Whether you are in the market to buy or to sell a Honolulu property, the time is great to make

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Lanikea at Waikiki condos for saleThere are 1000’s of condos in Honolulu, and new condo listings come on the market daily.  There are numerous options.  How do you select one? 

Assuming that you have your cash or pre-qualification letter in hand, the best place is make a list of your needs and wants for your new condo.  A need would be a certain number of bedrooms that you have to have.  A want would be something like a view.  You may not be able to live without an extra bedroom, but you may be able to live with an ocean view, versus being ocean front.  Knowing what you must have and would like but can live without, will really help.

Selecting the location is going to be one of the most important decisions in selecting your new Honolulu condo.  Your location will determine the

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Ice Skating in Kakaako is a blast!  Sponsored by the Howard Hughes Corporation, Ice Skating outdoors in Hawaii is now a reality.  Kakaako neighborhood in Honolulu is going through a huge change.  The redevelopment of 60 acres of commercial space into beautiful residential areas, will transform this area into a walkable, thriving, neighborhood, called Ward Village.  Events, like outdoor ice skating in Hawaii, will be a part of this new vibrant community.

A 4 acre park will soon replace what is now a parking lot and small shopping area.  Many of the Ward Village events, will be held at the park.  So in addition, or in lieu of ice skating, residents will be able to have movie nights, picnics, outdoor exercise classes, and any other events that may come up

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Kapiolani Residence Condos For Sale

Recent reports have surfaced about South Korean developer SamKoo Development possibly starting construction on a sleek new condominium tower near the Diamond Head end of Ala Moana Center as early as next month. Should the project move forward, plans for the new tower call for a 45-story building with 485 condominium residences at 1631 Kapiolani Boulevard—a site that’s only about a quarter mile from a future rail transit station that’s planned.

Being called Kapiolani Residence, the building will offer a mix of affordable one, two, and three bedroom units, with 60% of those specifically being set aside for households earning 80-120% of the area median income, or roughly $53,700 to $80,520 a year, or perhaps even less for a single person.

SamKoo

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If you're worried about the new construction industry here in Hawaii, a recent report should have you feeling much better as we inch closer to the end of 2015. According to the Quarterly Statistical and Economic Report from the Department of Business, Economic Development, and Tourism in Hawaii, the number of building permits issued during the first half of this year has skyrocketed by about 37% compared with the same time period from a year ago.

Although commercial and industrial building permits have spiked 183% since this time last year alone, residential permits are also up substantially, having increased by roughly 96% year-over-year.

Consequently, construction jobs have also increased by 3% in Hawaii over the first six months of 2015, which is the

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Honolulu Real Estate & Lifestyle News

Every year, the Texas A&M Transportation Institute releases their Urban Mobility Scorecard, which fully analyzes congestion and traffic in cities all over the U.S.

According to this year’s report, congestion caused Americans living in urban areas to travel an extra 6.9 billion hours and purchase an extra 3.1 billion gallons of gas for a total congestion cost of $160 billion. And now, with the nation’s economy having regained nearly all of the 9 million jobs lost during the recession, congestion has not only reached levels seen prior to the economic downturn, but has now officially exceeded them.

So what does this mean for those of us living in Honolulu?

Well, as you might already know, traffic in and around the Honolulu area can be pretty hectic to say

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