I guess the economists from Bank of Hawaii and the presidents from the larger real estate firms here on the island of Oahu were wrong again. They were saying 2 years ago that the Hawaii real estate market would not be affected and would just level off. They were even saying that just a few months ago as well. Lets be real, the Hawaii real estate market is going to adjust downward just like any other market and has been doing so for the past 2 years.

Hawaii real estate is a lot more affordable compared to two years ago. If you are buying for long term it may not be a bad time to buy because you can not predict the exact bottom of the market. If you are buying and planning on selling in the next three years, I would suggest holding off a bit to see what the market is going to do. Now with all that said, there are some great deals if you are patient and you do your home. The rise in Hawaii foreclosures creates prices to soften and great buying opportunities. Not just foreclosures either, it forces the really motivated sellers to compete and lower their prices as well.

Feel free to contact me and myself or one of my partners can help you locate a property that makes sense for you.

Here is a quick update about the launch.

My new hawaii real estate search is up and seems to be working well. Most of the feed back has been great. The search is much faster than the old site. Users can do more detailed advanced searches. They can sign up to get email alerts of their saved searches and even choose the frequency of the alerts (daily, Weekly of Never). Plus they can save multiple searches and could not on the old site. They even can manage there account in their profile area.

Here are some features that are not yet live that will be coming soon:

Save favorites
Interactive Map
Map it function.
Much more!!

We would love to here more feed back so we can keep improving the user experience.

Here are top 5 reasons why:

1. Cybersunshine was not completely honest with us on several occasions.

2. Their customer service was horrible - Response time to problems was very slow and Cybersunshine very often would tell us there was not a problem when there was.

3. They deleted our property data with no back up and the site had no property search or properties to view for a week.

4. I requested 3 times by email and left several messages on the owner’s voice mail that I needed my user data from my data base and they didn’t get back to me for 10 days.

5. Paid for VIP search they never integrated on change Request #10173 plus paid extra for rushes they never delivered on.

Here is the main reason and the final straw:

Back at the beginning of 2006 Cybersunshine convinced me that I needed to upgrade to the VOW / Hi-Central MLS RETS solution because it would make my site more stable and reliable because they were having problems with the IDX files (other vendors were not). They also said it has more data than the IDX data which the Honolulu Board of Realtors confirmed. So I agreed, paid $1398 and signed change request form #10173. By doing this I also incurred a cost of 75 a month by the Honolulu Board of Realtors for this feed.

The second week of August the search on my site stopped working and there were no property results for the Honolulu Board of Realtors. I contacted Cybersunshine to let them know. They informed me that the board’s server was not responding. I contacted the board and they informed me that their server was having problems and they were going to have to change servers. It was up and working later that day. I informed Cybersunshine that it was working and they said it was still not responding. This went on for a week with no data on my site because Cybersunshine did not have a back up of the data and deleted it. I was basically out of business for a week because Cybersunshine deleted the property data and had no back ups. This is not a good thing when you have over 10,000 users on the site trying to search for properties. I wonder how many went over to a competitor’s site?

The Honolulu Board of Realtors informed me that Cybersunshine was requesting the IDX passwords because they were not using the RETS server.

Cybersunshine quickly responded that they were using both to cover themselves. They stated that the IDX had information that the RETS did not which is just the opposite and the board confirmed that.

I also got a message from a friend and a good source confirming that Cybersunshine never implemented RETS and the owner knew for almost 3 years

Note: I do have emails, correspondences and documentation to support all of what is posted here. Feel free to contact me about anything in this post at 808-792-7040. I also want to let you know that my 1st year with them was not that bad, but their services declined quickly after that.

I would love to hear how you would handle this and what actions you would pursue if any.

This was my experience with Cybersunshine and others may have had a great experience. So it is very important to ask for references if you are considering any company that is going to have control of your businesses website.

-Advanced Search Functions
-User Profile Functions
-Saving Searches and Favorites
-Map Search

I will keep you updated on the progression of the site plus let you know when my personal site ADRHI.com is ready to be launched as well. I will be happy when I can dump Cybersunshine get away from them and their horrible service.

Aloha
Jeff

I have personally been helping them come up with a list of features that are a must for both the user surfing the sites for properties and the real estate agent to help the client with there house hunting. Some of the features that they will have for the users are:

1. Easy to use real estate search.
2. Interactive map search.
3. Variety of detailed search options.
3. User profile to save favorites, create and save searches to receive daily email alerts.

Some of the features for the real estate agents are:

1. Back-end lead management system.
2. Easy to use content editor.
3. Built in Blogging function.

The whole goal is to help agents with their online marketing efforts. I can’t wait to see the finished product. Almost anything is better than what Cybersunshine created for me.

We are also working on a few other exciting things that will be beneficial to our users as well. As soon as those are ready to roll out, we will be notifying everyone. We look forward to continue to be a leader online and in the real estate industry.

The median single family home sale price was $628,000 a decease of 2.4%. The median condo sales price was $329,300, an increase of 2.4%. The actual sales prices do not seem to being affected as the number of home sale so far.

1. Integrity – Following up and doing what they promise.
2. Honesty – Telling the client the truth even if it means not getting a sale.
3. Knowledge – Knowing their market and what direction it is heading.
4. Education – Informing their client of different areas and neighborhoods.
5. Resources – Knowing where to direct their clients to do the proper research to make an informed decision.
6. Team – Having a team of professionals like Home Inspectors, Mortgage Brokers, Title Insurance Company and Escrow Officers that put the clients interests first and not their own.

Our team strives everyday to live up to these standards. Any Realtor that takes their business seriously wants to be the greatest real estate agent in the world. We also know some of the greatest agents in the world that do the same. If you are relocating to Hawaii, we can help you locate a Realtor in your neighborhood to sell your existing home. Please do not hesitate to contact us before you come to Hawaii. We are here to help.

Big Island MLS Sales Statistics - Sales Volume
LOCATION PROPERTY TYPE 2006 2007 % INCREASE/

ENTIRE Residential $1,133,249,353 $958,910,123 <15.38%>
PUNA Residential $188,820,314 $148,329,901 <21.44%>
SOUTH HILO Residential $138,404,155 $93,513,499 <32.43%>
NORTH HILO Residential $6,911,888 $7,621,601 10.27%
HAMAKUA Residential $20,445,739 $16,318,740 <20.19%>
NORTH KOHALA Residential $40,845,000 $33,255,990 <18.58%>
SOUTH KOHALA Residential $263,634,942 $249,687,574 <5.29%>
NORTH KONA Residential $389,642,415 $346,580,401 <11.05%>
SOUTH KONA Residential $45,673,450 $35,393,014 <22.51%>

If you are interested in Big Island real estate in Hawaii you can contact American Dream Realty for all your buying needs.

New Home Developments/Subdivisions in Hawaii Kai

Moana Kai - Choose from seven different types of home-styles, ranging from 1,237 sq.ft. to 1,729 sq.ft. of living area. Call Jeff Manson of American Dream Realty at (808) 792-7040

New Home Developments/Subdivisions in Honolulu

Capitol Place – Offers a blend of the modern and traditional. Apartments ranging from approximately 638 sq.ft. (1 Bed/1 Bath)to 1,500 sq.ft. (3 Bed/2 Bath) of living area plus parking. Call Jeff Manson of American Dream Realty at (808) 792-7040

The Hokua building offers all the convenience you would expect of an exclusive residential condominium, the amenities you’d expect to find in a fine resort. Available residences are 3 Bedrooms with approx living area of 2,220 sq ft to 4,315 sq ft. Call Jeff Manson of American Dream Realty at (808) 792-7040

Ko’olani’s - offer only the finest in elegant designer appointments and haute custom upgrades. Residences are 2, 3 and 4 bedrooms with approx living area of 1,113 sq ft to 2,633 sq ft. Call Jeff Manson of American Dream Realty at (808) 792-7040

Moana Pacific - This prime 6-acre site provides views, convenience, and an in-town lifestyle. Residences are from 1 Bedroom/1 Bath to 3 Bedroom/3Bath with approx. living area from 704 sq ft to 2,310 sq ft.
Call Jeff Manson of American Dream Realty at (808) 792-7040

Keola La’i - “the calm, peaceful, contented life” - 350 luxurious one to three bedroom, fee simple residences with spectacular views. Call Jeff Manson of American Dream Realty at (808) 792-7040

The LOFT@WAIKIKI offers designer details including: 12, 15, and 19-foot high ceilings; select units can be combined for 2399 SF custom unit. Standards include 4′ x 8′ deco entry doors, two 11-foot arched, cathedral windows, creative vertical storage spaces, jet-spa bathtub. The open gourmet kitchen boasts SUB-ZERO®, WOLFâ„¢, and BOSCH® stainless steel kitchen/gas appliances. Oversized parking stalls, and designer options available. Call Jeff Manson of American Dream Realty at (808) 792-7040

The Watermark Waikiki – Neighborhood bridging Waikiki and Ala Moana, overlooking the beach park, yacht harbor and ocean, The Watermark blends the aesthetics of contemporary design with a tropical sense of place. The Watermark is the new mark of distinction in Waikiki’s architectural and cultural renaissance. Call Jeff Manson of American Dream Realty at (808) 792-7040

Kaiolu Sunrise - Kaiolu means cool, calm water— From the lobby’s tropical decor to the outdoor entertainment pavilion beside the swimming pool, a contemporary Hawaiian atmosphere welcomes residents and visitors.
Call Jeff Manson of American Dream Realty at (808) 792-7040

Palms at Waikiki - Conveniently located across from Hilton Hawaiian Village, Palms at Waikiki is steps away from Waikiki Beach, Ala Moana Shopping Center, the Hawaii Convention Center, and just a short drive from downtown Honolulu. all Jeff Manson of American Dream Realty at (808) 792-7040

New Home Development/Subdivision in Koolina

Beach Villas at Ko’Olina by Centex Destination Properties
Beachfront resort condominium on the sandy beaches of Ko Olina Resort & Marina, where lagoons reflect the moon, exotic flowers scent the sky, and the ocean laps at your feet. Come home to paradise and live your dream. Call Jeff Manson of American Dream Realty at (808) 792-7040

New Home Developments/Subdivisions in Makakilo

Ho’olu Landing at Makakilo
Ho’olu Landing at Makakilo offers five distinguished three bedroom home styles consisting of up to 1,848 square feet of living area. A unique, personalized options program will allow you to customize your home’s interior. Convenient dining, shopping and entertainment are just minutes away. Call Jeff Manson of American Dream Realty at (808) 792-7040

Ocean Ridge at Makakilo by D. R. Horton (Schuler Homes Hawaii)
Ocean Ridge features 68 town homes with approx. living area of 1,424 sq ft to 1,529 sq ft.
Call Jeff Manson of American Dream Realty at (808) 792-7040

Anuhea at Makakilo. Anuhea offers 4 model styles ranging from 1,291 to 1,808 square feet.
Call Jeff Manson of American Dream Realty at (808) 792-7040.

High Pointe by Schuler Homes Hawaii
Choose from 12 model styles that vary in size from 1,359 to 2,757 sq. ft. of living space.
Call Jeff Manson of American Dream Realty at (808) 792-7040.

Kai Nani at Makakilo by Schuler Homes Hawaii
This condominium town home community of 96 units will offer 12 floor plans ranging from approximately 1,010 to 1,766 square feet. Call Jeff Manson of American Dream Realty at (808) 792-7040

New Home Developments/Subdivisions in Ewa Beach

Ocean Pointe by Haseko Homes, Inc.
Comprised of 1,100 acres, Ocean Pointe with its proposed world-class marina, is destined to become a commercial center, a water-oriented retreat and a residential haven. 17 Models to choose from. Call Jeff Manson of American Dream Realty at (808) 792-7040.

Prescott by Gentry offers a classic design in their Prescott II Development, with 3 floor plans to choose from and approximate living areas of 1,466 to 1,803 sq. ft
Call Jeff Manson of American Dream Realty at (808) 792-7040

New Home Developments/Subdivisions in Maili

Kaimalino at Sea Country will offer beautiful views of the Waianae mountain range from some of it’s 86 homes. This new community will feature single family & “duet” homes with six model styles from which to choose.
Call Jeff Manson of American Dream Realty at (808) 792-7040

There is a 0.6% decrease in Single Family Homes Median Sales Price from last year, while a 1.4% increase in Condominium Median Sales Price in December 2007 compared to the same month last year.

There is a 30.6% decrease in Single Family Homes Sales Volume from last year, and a 22.9% decrease in Condominium Sales Volume in December 2007 compared to the same month last year.
“Even though the number of sales have declined in the last few months of 2007, we are coming off of such record highs that we are still at the levels we attained during the last peak cycle between 1988 and 1991,” said Berton Hamamoto, President of the Honolulu Board of REALTORS®. “The Honolulu real estate market has faired well this year in comparison to many Mainland cities. We showed modest gains of 2.1 percent and 4.8 percent for single-family and condo sale prices, as opposed to negative numbers for several U.S. cities.”

“Housing resales during December were low but this was not unexpected,” added Harvey Shapiro, Research Economist at the Board of REALTORS®. “The economy in Hawaii has been maintaining its strength although there are some indications of a coming slowdown.” cityneighborhoodinfo.com has relocation and property information accross the united states. Source: The Honolulu Board of REALTORS®

The third quarter of 2007 for condo re-sales compared to the third quarter of 2006 for the number of condos sold is down by 12.4%. The same time period median condo sales prices we are down 4.8%.

The total dollar volume of sales was $1.311 billion in the third quarter, a decrease of $136 million, or 9.5%, from the $1.447 billion in sales achieved in the same quarter last year.
 
Here are the median single home sales prices for the following areas:
Metro Oahu (Honolulu Town) - $705,500 
Diamond Head - $1,080,000
Hawaii Kai - $853,800
Kailua - $785,000
Kaneohe - $707,000
North Shore - $587,500
Central Oahu (Mililani) - $648,300
Leeward Coast - $387,500 
Ewa Plain - $519,500
Makakilo - $574,900
Waipahu - $582,500  
Pearl City - $642,500

Median Sales Price means the midpoint of sales prices.

Actually they have been pushing their new design in all their channels this whole week. They pushed real estate earlier in the week. It has great new functions like comparing mortgage rates, locating a Realtor, research information about schools and city data information as well.  You can even find a foreclosure if you are looking for a bargain.

They will also be pushing the new design for their movers section this week. Next week they will be finishing the new design by adding Insurance including life insurance, car insurance and homeowners insurance. All the different types you will need when you are moving to a new area. More home buying stuff will be the home inspectors section and title insurance section.

This is definately a helpful and useful site when you are checking home values and researching different housing options for a new neighborhood.

If you are moving to Hawaii we can help assist you in the home hunting process and answer any other relocation questions you may have.

Some of the best private schools in the nation are on Oahu. Iolani school is known for its academic excellence. It wins awards every year for its students achievements. Punahou is another great private school and known nationally by many of the great colleges and its students are recruited heavily as well.

These are definately the top two private schools on Oahu and in the state of Hawaii.

Nationally, the rates continue to rise. Nevada has the highest percentage with one foreclosure filing for every 61 households. The amount of Las Vegas foreclosures is incredible. The Las Vegas real estate market was one of the strongest a few years ago with some of the largest appreciation the nation saw. No it looks like it is making a major correction.

California and Florida were the other two top states with the amount of filings. While San Diego foreclosures did not lead California, it was among the top big cities to get hammered with the amount of filings. Other top California cities that have allot of foreclosure filings are Los Angeles, Santa Ana, Chula Vista, Anaheim and Riverside. There is a Florida foreclosure filing for every 95 households. Big cities like Miami, Orlando and Jacksonville continue to increase monthly.

It looks like there will be some great buying opportunities in the future across the country. The big questions is when to jump in the market and take advantage of some of the great deals that are gong to be out there.

According to Elad Bushari of Gibson Sotheby’s International Realty in Boston, the strong Boston real estate market has partly to do with Boston’s booming financial industries. “We are seeing a lot more people searching for lofts near the financial district. In fact, prices there have jumped 17 percent in the 3Q 2007 as compared to last year.”

The Boston Real Estate Blog is another great source of information about Boston real estate, Boston Apartments and Boston Lofts.

The foreclosure channel is geo located and has lists of foreclosures in the different counties of a particular state. They are also revamping their rentals section and soon property managers and home owners will be able to list houses for rent for free with pictures and video.

The home inspectors channel now lists them by state along with the services they provide. They even have an insurance channel that has all the different types of insurance you would need when you relocate to a new area such as car, health, homeowners and even term life insurance quotes.

They are also working on getting a new design as well, plus many other services for buyers and sellers relocating. There new real estate section will have a home values tool, plus you will be able to view mortgage rates, links to schools and city neighborhood information plus much more!!

She enjoys spending her free time with her husband and three children biking, fishing and many other family activities.

She has an interactive website that provides buyers and sellers with real estate tips, articles and community iformation. You definately get a competitive edge when you are working with Katrina.

We have relocation specialists in all states and most communities that we can refer to buyers to. Darla Vanderlip is our Santa Clarita real estate specialist and she serves the following areas: Castaic, Valencia, San Fernando Valley, Antelope Valley and Stevenson Ranch in California.

Bob Wilson is our San Diego real estate relocation partner and serves the following areas: 4s Ranch, Scripps Ranch, Del Mar, Rancho Santa Fe and La Jolla in California.

Debbie Ferrari is our San Clemente real estate referral agent that also handles Dana Point and San Juan Capistrano plus other Orange County real estate areas.

Bryan Pearl is an Alabama real estate agent that handles Huntsville real estate clients and has a great mls search on our site.

This new site was created so we can refer clients relocating to and from Hawaii to agents that work at a higher standard than most.

 They also list Hawaii houses for rent. I believe they also link to other Hawaii real estate brokers MLS searches as well.   This site might gain popularity as the Hawai real estate market continues to tighten up.  Sellers that have bought a home in the last two years do not have very much equity  if any at all.

 Time will tell whether or not this is going to be a substitute from a traditional broker.

The real estate agents get a profile page and all their listings interlink.

I would check this out if you are interested in getting free exposure for your real estate investments and resort style homes.

There is a 8.2 decrease in Single Family Homes Sales Volume from last year; and, a 14.7% decrease in Condominium Sales Volume in June 2007 compared to the same month last year.

“The Oahu housing market achieved new records in June with the median price paid for a single-family home at $685,000, exceeding the previous record of $668,300 in May 2006, and condominium prices at $334,000, surpassing the prior peak of $329,000 set last July,” said Berton Hamamoto, President of the Honolulu Board of REALTORS®. “Although the number of sales has diminished from their peak in 2005, the market is still very active and maintaining a healthy equilibrium with adequate supply and strong demand.”
“Oahu, Hawaii residential markets have been pushing the price envelope in recent years, including this June,” added Harvey Shapiro, Research Economist at the Board of REALTORS®. “Of the seventeen single-family home neighborhoods tracked for research purposes by the Board, home values and sales of over $1 million occurred in ten or more of them every month since last year. Last month, there were even three neighborhoods registering sales of more than $3.8 million. These high-end sales confirm the opinion held by many REALTORS® that there continues to be substantial demand for our properties and that prices most likely will not be adjusting downward anytime soon, if at all.”

*Source: The Honolulu Board of REALTORS®

Fee Simple Ownership: Fee simple ownership is probably the most familiar form of property ownership to buyers of residential property, especially on the US Mainland. Fee simple is sometimes called fee simple absolute because it is the most complete form of ownership. A fee simple buyer acquires ownership of the entire property, including both the land and buildings. The fee simple owner does not pay ground rent, but does pay maintenance fees and real property taxes. The fee simple owner has the right to possess, use the land and dispose of the land as he wishes - sell it, give it away, trade it for other things, lease it to others, or pass it to others upon death.

Finance Charge: The total cost a borrower must pay, direct or indirectly, to obtain credit according to Regulation Z.

Graduated Payment Mortgage: A residential mortgage with monthly payments that start at a low level and increase at a predetermined rate.

Home Inspection Report: A qualified inspector’s report on a property’s overall condition. The report usually includes an evaluation of both the structure and mechanical systems.

Home Warranty Plan: Protection against failure of mechanical systems within the property. Usually includes plumbing, electrical, heating systems and installed appliances.

Index: A measure of interest rate changes used to determine changes in an ARM’s interest rate over the term of the loan.

Joint Tenancy: An equal undivided ownership of property by two or more persons. Upon the death of any owner, the survivors take the decedent’s interest in the property.

Leasehold Conversion: Conversion of leasehold property to fee simple ownership involves purchasing the landowner’s remaining interest, called the leased fee interest. The lessors of many, if not most, leasehold properties are currently offering to sell their leased fee interests to their lessees or prospective buyers of a leasehold property. There is a State of Hawaii law and a City & County of Honolulu (Oahu) ordinance affecting the mandatory conversion of residential leasehold properties.

Leasehold Ownership: A leasehold interest is created when a fee simple landowner enters into an agreement or contract called a ground lease with a lessee. A lessee buys leasehold rights much as one buys fee simple rights; however, the leasehold interest differs from the fee simple interest in several important respects. First, the buyer of residential leasehold property does not own the land and must pay ground rent. Second, his use of the land is limited to the remaining years covered by the lease. Thereafter, the land returns to the lessor, and is called reversion. Depending on the provisions of any surrender clause in the lease, the buildings and other improvements on the land may also revert to the lessor. Finally, the use, maintenance, and alteration of the leased premises are subject to any restrictions contained in the lease.

Lien: A legal hold or claim on property as security for a debt or charge.

Loan Commitment: A written promise to make a loan for a specified amount on specified terms.

Loan-To-Value Ratio: The relationship between the amount of the mortgage and the appraised value of the property, expressed as a percentage of the appraised value.

Margin: The number of percentage points the lender adds to the index rate to calculate the ARM interest rate at each adjustment.

Mortgage Life Insurance: A type of term life insurance often bought by home buyers. The coverage decreases as the mortgage balance declines. If the borrower dies while the policy is in force, the mortgage debt is automatically covered by insurance proceeds.

Negative Amortization: Negative amortization occurs when monthly payments fail to cover the interest cost. The interest that isn’t covered is added to the unpaid principal balance, which means that even after several payments you could own more than you did at the beginning of the loan. Negative amortization can occur when an ARM has a payment cap that results in monthly payments that aren’t high enough to cover the interest.

Origination Fee: A fee or charge for work involved in evaluation, preparing, and submitting a proposed mortgage loan. The fee is limited to 1 percent for FHA and VA loans.

PITI: Principal, Interest, Taxes and Insurance.

Planned Unit Development (PUD): A zoning designation for property developed at the same or slightly greater overall density than conventional development, sometimes with improvements clustered between open, common areas. Uses may be residential, commercial or industrial.

Point: An amount equal to 1 percent of the principal amount of the investment or note. The lender assesses loan discount points at closing to increase the yield on the mortgage to a position competitive with other types of investments.

Prepayment Penalty: A fee charged to a borrower who pays a loan before it is due. Not allowed for FHA or VA loans.

Private Mortgage Insurance (PMI): Insurance written by a private company protecting the lender against loss if the borrower defaults on the mortgage.Purchase Agreement: A written document in which the purchaser agrees to buy certain real estate and the seller agrees to sell under stated terms and conditions. Also called a sales contract, earnest money contract, or agreement for sale.

R: A REALTOR® is an individual licensed as a BROKER to list and sell real estate, one who is also a member of a local Board of REALTORS®, the State Association of REALTORS® and the National Association of REALTORS®. As a member of these three professional trade associations, a REALTOR® is bound by a strict Code of Ethics, the canons of professional behavior that guide daily activities in the real estate business.

To obtain a BROKER’s license, an individual must have a current (active or inactive) Hawaii salesperson’s license, a minimum of 2 years full-time real estate experience in Hawaii and have participated in at least 10 qualifying real estate transactions with a Hawaii broker prior to taking and passing the State-required 46-hour broker’s prelicensing course.

RA: A REALTOR ASSOCIATE® is an individual licensed as a SALESPERSON to list and sell real estate, one who is also a member of a local Board of REALTORS®, the State Association of REALTORS® and the National Association of REALTORS®. As a member of these three professional trade associations, a REALTOR ASSOCIATE® is bound by a strict Code of Ethics, the canons of professional behavior that guide daily activities in the real estate business.

To become a licensed real estate professional in Hawaii, an individual must be 18 years old and either a U.S. citizen or a registered alien by the State exam date, have a reputation for honesty, truthfulness, financial integrity and fair dealing, complete the State-required 40-hour prelicensing course and pass the State exam.

Regulation Z: The set of rules governing consumer lending issued by the Federal Reserve Board of Governors in accordance with the Consumer Protection Act.

Tenancy in Common: A type of joint ownership of property by two or more persons with no right of survivorship.

Title Insurance Company Policy: A policy that protects the purchaser, mortgagee or other party against losses.

VA Loans: A loan, made by a private lender, that is partially guaranteed by the Veterans Administration.

According to our local Board of Realtors, condominium sales in the Grand Strand dropped 41 percent in the first quarter of 2007.

Although this is lower than the same quarter in the past three years, it’s still higher than it was before the condo boom of 2005. Prices of real estate along Myrtle Beach’s sandy coastline nearly doubled at that time, and condo sales reminded one of our twice a year run of “spots”, a local small fish that migrates through and permeates our waters in October and March.

When the spots run, you can throw in an un-baited hook and pull up a fish as fast as you can take it off and throw it back again. Such was the way condo buyers hit the beaches and resorts during the 2005 craze. If you had a preconstruction condo project, and you announced it publicly, you had sales… or at least deposits for them.

Many people made a lot of money in the very early days of the rush. Building was slow and the first developments that sold out were built and skyrocketed in price. The problems began after things continued to boom. Construction companies and builders were unable to handle the business load, and began to double the building costs to get a piece of the action. Eventually their prices made it nearly impossible to finish the projects that sold originally for lower prices.

The doom-sayers started predicting bubbles long before there were any, and after a while the investors grew scared so sales began to slow. Developers who could have afforded the padded building costs became unable to sell the last few units required to obtain the bank funding. Although North and South Carolina never did have a “bubble”, per se, the condo rush slowed to a trickle, and many of the projects never materialized.

Over the past 6 or 7 months, prices have dropped somewhat on Myrtle Beach condos. A 2 bedroom that was originally $70,000, and had jumped to $130-$150,000, has now leveled off to $110-$120 instead.

But for buyers right now, this is a great time to pick up that perfect vacation home for a solid savings…as coastal real estate will continue to increase in price, most say in about 17 months.
There won’t be a better time to buy than right now. Just be prepared to hold on and enjoy it for a couple of years, and you’ll have an investment to take pride in.

Contact the Myrtle Beach Condo Store for your vacation condo needs. We specialize in condos and resorts on the Grand Strand.

Myrtle Beach Condos For Sale
The Myrtle Beach Condo Store
407 22nd Ave North Suite
Myrtle Beach, SC 29577
(843) 626-9527
(843) 222-9800

You can also find more Myrtle Beach real estate information and Real Estate Blogs.

Here at American Dream Realty, we don’t just “sit in the office.” Instead, we listen to you to get a feel for what you need in a property as concerns price, size, and proximity to marinas, beaches, nightlife, parks, schools and healthcare centers. We also ask you what character of neighborhood you are looking for. Lively? Quiet? Central or, perhaps, on the water? Then we get to work, searching every available property, and pounding the pavement to find others.

Honolulu is Hawaii’s capital city, and boasts a population of 1,000,000. Located on the southern part of Oahu, this city is home to many different ethnicities, and is an international business center. There are cultural festivals, events, art shows, and all the dining and shopping an urbanite could wish for, while still being within walking distance to such famed outdoor spots as Waikiki Beach.

Within Honolulu, there are a wealth of different lifestyles available. We can get you into the heart of the financial district, so that your commute time is negligible, or we can help you find a home ideally situated between the urban center and a quiet beach. We have a reputation as the hardest-working realtors in Hawaii, and we can prove to you that it’s well deserved!

He also had great suggestions on where to stay while house hunting. One of the suggestions was to stay in one of the great San Diego vacation rentals in Mission Beach.  Once he found out that we loved the water and would rather be there instead of up in the hills by Rancho Santa Fe by the relatives.

Being a realtor myself, I was really impressed with Bob’s attention to detail and his honesty.  I will definitely use him when we buy that second home.  I will also recommend him to any one I know that is relocating to San Diego.

Below are the median sales prices broken down by area on the island of Oahu.

Single family homes:
Metro Oahu (Town) $ 689,500, Diamond Head $990,000, Hawaii Kai $838,000,
Kailua $800,000, Kaneohe $672,000, North Shore $800,000, Central Oahu Mililani $550,000, Leeward Coast $375,000, Ewa Plain $525,000, Makakilo $566,500,
Waipahu $577,300 & Pearl City $575,000.

Condominiums:
Metro Oahu (Town) $325,000, Diamond Head $472,500, Hawaii Kai $542,500, Kailua $415,000, Kaneohe $357,500, North Shore $360,000, Central Oahu $300,000, Leeward Coast $173,000, Ewa Plain $285,000, Makakilo $320,000, Waipahu $299,500 & Pearl City $305,000.

Oahu real estate still seems to be a sound long term investment. You can search for Oahu real estate online on Jeff Manson’s website www.adrhi.com for the newest opportunities

Approximately 40 fines of an estimated value of  $200,000 issued since January 2006, the city has only been able to collected somewhere around $30,000, according to Michael Friedel, the city’s code compliance chief.

This new strategy seems to be working.  There has been several owners that have agreed to stop renting out there illegal rentals and receive much reduced fines, as much as 75% off.

Tourism officials suspect the illegal rentals are popular with repeat visitors who are looking to stay somewhere other than in Waikiki and get away from the rising hotel prices.

There are approximately 1000 homeowners that have a certificate to operate legal vacation rentals to rent rooms less than 30 days.  The city has not issued any new permits since 1989.   There are legal vacation rentals on Oahu, Maui, Kauai and big island that can be rented.  Allot of times these vacation rentals are much more cost effective for families and groups that a typical hotel.

Vacation homes are a great option when visiting the Hawaiian Islands or house hunting here.  If you stay in one you can see how it really feels to live in a neighborhood you may be considering. 

When house hunting for Oahu real estate.  You may soon find out that the island has many different neighborhoods and communities to offer.  The main regions are Honolulu, East Oahu, Windward, North Shore, Leeward and Central.  Within these regions are various towns, communities and neighborhoods each with their own distinctive characteristics.

Honolulu region has six main areas:
Moanalua - Salt Lake
Downtown - Nuuanu
Ala Moana - Kakaako
Makiki - Manoa
Waikiki

East Oahu has four more main areas:
Kaimuki
Waialae - Kahala
Hawaii Loa Ridge
Hawaii Kai - Portlock

Windward side if the island has three main areas:
Kailua
Kaneohe

North Shore region is a major area as well.

Leeward Oahu region has six main areas:
Aiea - Pearlridge - Pearl City
Waikele
Ewa
Kapolei
Makakilo
Ko Olina

Central Oahu has two main areas:
Royal Kunia
Mililani

Contact us if you have any questions about these neighborhoods and communities on Oahu. If you would like view Oahu homes and condos. Contact American Dream Realty at 808-792-7000.

Ho entertained some Hollywood’s biggest stars and 1000’s of tourists for four decades.  For Many people a trip to Hawaii was incomplete without seeing his Waikiki show.

Many people will sure miss this great entertainer.  Hawaii has lost a great son.

There are mortgage brokers that can give quotes on home loans. There are also insurance agents to help with homeowners insurance and other insurance needs.

National Relocation is definately on the right track to offer great relocation services to consumers when relocating.

There is a 1.0% decrease in Single Family Homes Median Sales Price from last year,
while a 2.9% increase in Condominium Median Sales Price in March 2007 compared to the same month last year.

“The housing market continued to perform as expected during March and there were some positive signs that the market may be picking up soon,” said Berton Hamamoto, President of the Honolulu Board of REALTORS®. “First, the Days on Market indicator reversed direction last month, especially for condominium sales which sped up by nearly three weeks, from 59 days to just 40 days. Second, there continues to be a reduction in inventory, 4 months now of decline after 19 months of increases. This may be a significant factor as we move into the busy summer buying season.”

“The short-term forecast for the residential housing market looks quite good, based on the number of properties that went into escrow this month,” added Harvey Shapiro, Research Economist at the Board of REALTORS®. “While the production numbers still lag those of last year, we expect more closed sales with higher prices in both property categories in April. Finally, median asked prices for the available inventory have settled at about $750,000 and $350,000, for single-family homes and condominiums, respectively, after being higher for the past couple years.”

Kapolei real estate includes townhomes, family homes, executive golf-course living, residential resort communities, custom lots, and more. Whether you are a family of one or of six, all of the lifestyle offerings you want are available. There are events throughout the year, such as the Festival of Lights, the Outrigger Canoe Race, and the Ko Olina Triathlon, which offer something for everybody.

The American Public Transportation Association voted Oahu as having one of the best transportation systems in the country. There are buses, express trips to Honolulu, and vanpools available. If you prefer to move under your own locomotion, there are also bike paths and pedestrian walkways that wind along the water.

Here at American Dream Realty, we work with vigor to find our clients the properties they need. We are a team of five dedicated real estate specialists, and we know every nook and cranny in Kapolei and in greater Oahu. The best home for you is the one in which you can be healthy and happy, and have a balance of everything you consider essential, and we can help you find exactly that.

American Dream Realty Hawaii, at www.adrhi.com, is your resource for staying on top of Oahu’s real estate market. We listen very carefully to what you need and want in a home, and then we pull out all the stops to find it, using our contacts and knowledge of the area to find properties that may not even be advertised yet. Using American Dream Realty is the best way to be pro-active about finding the right real estate for you.

Hawaii real estate varies from high-rise condos and beachside homes to mountain getaways. Each of our clients has personal considerations, in addition to the type of home, such as proximity to schools, beaches and the office. Adrhi.com can help you find a home that balances everything you consider necessary, so that you don’t have to compromise quality of life to live in your dream home.

Adrhi.com also helps you sell real estate. On average, we get you four percent more than other agents, list-to-sales price. We put all of our energy into backing up our 100 percent guarantee, and our happy residents can attest to our success!

American Dream Realty, Hawaii, is your best bet for finding the property you want, at a great price. We don’t just passively watch the market, but we actively search for the property you need, whether or not it’s listed! We call, talk to prospective sellers face to face, and do everything we can to help you get settled in the islands.

Oahu is home to museums, temples, lively festivals, golf, and world-class fishing. There is the famous North Shore, and a marine bay sanctuary at Hanauma Bay. There are outdoor activities for people of every age and interest, from snorkeling and surfing to exploring the island on mountain bike. The chance to be healthier and more active is a major reason so many people are eager to relocate to the islands.

American Dream Realty can answer your questions about living in Hawaii, on Oahu, and in Honolulu. We can help you choose the home and the neighborhood that are right for you, your family and your budget. Here at www.adrhi.com, we are your top Oahu real estate resource for making a successful home here in the Aloha state.

Maui is 48 miles long and 26 miles wide, and is the second largest island in the chain. Maui has all kinds of microclimates, from rain forest to desert, and the average summer temperature is a salubrious 78?F. Trade winds keep the humidity down, and the result is a year-round climate this is mild and enjoyable.

Get ready for a lifestyle change as you prepare to make a life on Maui. Even driving is different: here, everything is either “mauka,” which means “toward the mountain,” or “makai,” which is “toward the sea.” You will see whales and other wildlife as a matter of course, and you will begin to spend more and more of your time outdoors.

There are all kinds of living opportunities on Maui, just as there are on the other major islands. You can find large homes, spacious condos, and cozy cottages. American Dream Realty, at www.adrhi.com, can help you find a home in Lahaina, Kipahulu, Hana, Kihei, Wailea, or elsewhere on the island, and we offer a 100 percent guarantee of satisfaction on our services!

We are American Dream Realty, a Hawaii real estate firm who deals with properties on Maui, the Big Island, Oahu and Kauai. You can see what’s available at www.adrhi.com, and you can also give us a call. We often can find properties that haven’t made it to the market yet, and if you let us know precisely what you are looking for, we will leave no stone unturned in our search.

We are a close-knit team of five real estate specialists who stay on top of island listings. We are also familiar with the different “personalities” of each island, each area, town, and neighborhood. It’s always best to make an informed decision, especially when it’s one that will have such an impact on your life, and American Dream Realty can help you with the facts and information you need on each location.

Everyone has their own, unique reason for moving to Hawaii. Some are moving for work, others for retirement, and some are searching for vacation property. Still others desire a tropical lifestyle that is the polar opposite of how they live now. We work with all kinds of people, in all walks of life, who want an aggressive realtor who knows Hawaii real estate inside and out.