The 5 Best Places to get Tequila on Oahu for #NationalTequilaDay

by Keith Mann 7/24/2015 1:11:00 PM

Happy #NationalTequilaDay!

First off, let's all be grateful it lands on a Friday, so we can all enjoy tequila to our hearts content without the looming fear of an early work day tomorrow.  Hawaii isn't necessarily the most tequila friendly place in the U.S. but we do have some bright spots that offer Mexican flavor on the island.  Whether you want blanco, reposado, or anejo, our list has what you need.

5.  Mexico Cantina 

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Maui Real Estate Report July 2015

by Locations LLC 7/17/2015 5:40:00 PM

Quarter 2: April-June 2015

In recent years, about 7-8% of Maui’s home sales are in resort areas, and about 25-30% of Maui’s condo sales are in resort areas. In the second quarter 2015, the number of resort sales is down from the same quarter last year, down -9% for resort homes and down -21% for resort condos. Non-resort areas are faring better, with the number of home sales up 5% and condo sales only down about -4%.

The condo markets trending upward in median price include Kaanapali, Kahului, Maalaea, Wailea/Makena and Wailuku. Single-family home markets that increased in both sales and median price include Hana, Kahului, Kapalua, Molokai, Napili/Kahana/Honokowai, Pukalani, Spreckelsville/Paia/Kuau and Wailuku.

Download the full Maui Real Estate Report

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Maui Real Estate Report

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The REAL State of Housing Inventory on Oahu

by Keith Mann 7/14/2015 5:00:00 PM

Is Inventory Really at an All-time Low?

If you listen to the word on the street, housing options on Oahu seem to be getting farther and farther out of reach.  The Honolulu Star Advertiser described the situation last week in a featured story:

The limited supply of single-family homes on Oahu pushed the median price beyond $700,000 in June, tying the record set a year ago and placing homeownership out of reach for many first-time buyers.
"Affordable now is typically a condominium … unless they have help from family along with higher income," said Dennis Oshiro, executive director of the Hawaii Homeownership Center, a nonprofit that provides financial education to prospective first-time homebuyers.

With the median Single Family Home (SFH) prices climbing over $700,000 in July and median condo prices hitting $390,000, its clear that overall the market is experiencing a housing shortage and median price increases. But after taking a closer look at the data, our findings painted a much more nuanced picture. 

Your options expand the closer you look.  To get the full picture you need to think in terms of market areas.  

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Kauai Real Estate Market Report - July 2015

by Locations LLC 7/10/2015 3:07:00 PM

In May 2015, there were 47 single-family home sales on Kauai with a median price of $570,000. This is down 7% from May's median price, and up 2% when compared to the same time last year. The number of sales is down 8% from the previous month and down 10% when compared to June last year.

We saw 42 condo sales on Kauai at a median price of $306,504. This is down 18% from May's median price but remains the same when compared to this time last year. The number of sales is up 2% from the previous month and up 17% when compared to May last year.

It took a median of 63 days to sell a condo and 71 days to sell a single-family home.

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Big Island Real Estate Market Report - July 2015

by Locations LLC 7/10/2015 2:45:00 PM

In May 2015, there were 166 single-family home sales on the Big Island of Hawaii, with a median price of $285,000. The median price for May is down 9%, and down 4% when compared to June 2014. The number of sales is down by 15% from the previous month and down 2% when compared to last year.

We saw 54 condo sales on the Big Island of Hawaii at a median price of $286,750. This is down 14% when compared to the previous month's median price and up 7% when compared to this time last year. The number of sales is down 4% from May and down 2% when compared to the same time last year.

It took a median of 74 days to sell a condo and 61 days to sell a single-family home.

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