Hawaii Real Estate | Hawaii Relocations | Hawaii Home Buying & Selling

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Be Part of the Solution For Your Market; Because "Shift" Always Happens

 Whichever state you are residing and conducting business in it can be guaranteed that your market of last year or the year before is in the past.  What is past is past. What is present is a gift. And the future is yet to come. The market shifts, changes, goes up, goes down or stabilizes. Whatever the cause of the market in your neighborhood changing it is up to us to keep the market moving.

Real Estate Industry Professionals keep the market moving. What a concept! I for one shifted, changed and moved with Honolulu Hawaii's market. In Hawaii our market has definitely shifted all over the place in the last two years. Up and down, stable and now the neighborhoods have shifted yet again. In some other neighborhoods prices have gone back up and others it has gone down. Go figure.

 Here's the post (it was actually my attempt to write a contest entry for the Carnival of Content Contest) No Bursting Bubble For Hawaii? Home Buying and Selling Tipsters!  In any case, if anyone would like to see our statistics released by the Honolulu Board of Realtors yesterday for the third quarter it can be seen here  http://www.hicentral.com/hbr-stat.asp in full and there are links for previous months, years and quarters.

The following statistics are for the Median SALES prices in the Honolulu County (Oahu) Hawaii throughout the last few years. Our sales prices are NOT going down. What has gone down are the number of sales. For single family homes in 2006 the number of sales at this time were 1,089 and this year it's 975. For condos the number sold was 1,559 at this time last year and as of yesterday 1,366.

What really makes the difference is the neighborhoods. In Central Oahu (Mililani, Wahiawa, Whitmore, Wilikina) our prices went up for single family homes and down for condos. The previous quarter both single family and condo prices went up. Go figure.  In July of this year (when I wrote that post) prices went up for all categories and neighborhoods except for Ewa and Waipahu (for single family) and Makakilo and Pearl City for Condos. Again. Go figure.

Single Family:   Median Sales Price   

  • 2003-    $380,000                                
  • 2004-    $460,000
  • 2005-    $590,000
  • 2006-    $630,000
  • 2007-    $649,000

Condos:    Median Sales Price   

  • 2003-    $175,000                              
  • 2004-    $180,000
  • 2005-    $269,000
  • 2006-    $310,000
  • 2007-    $330,000

 

And this IS the current information from our Honolulu Board of Realtors (tracking all solds from our MLS) and brought to you via WooHoo Sally's Blog!

For those of you who believe that we make a difference for our Real Estate Industry then keep on striving to be the best you can be; ALWAYS support each other and work as a team and ALWAYS think in the best interests of your clients.

And if you need current and up to date information on statistics, a Hawaii Relocations packet or you just have questions please don't hesitate to contact Celeste "Sally" Cheeseman, Realtor Associate ® , Century 21 Liberty Homes, Mililani, HI @ (808) 375-1404.

Alive and Well in Central Oahu, Hawaii!                     <CLICK roll with the changes.CLICK>

 

 

 

 

www.hawaiihomesmarket.com 

 

Celeste "Sally" Cheeseman's Mililani Hawaii Real Estate Blog 2007© 

*All pictures and content property of Celeste "Sally" Cheeseman

                                                       

 

Celeste "Sally" Cheeseman  is a Realtor-Associate® and Certified Residential Specialist (CRS) with Century 21 Liberty Homes in Mililani, Hawaii. With a sharp understanding that a listening ear is the key to a client's needs  she serves the island of Oahu (Honolulu County) and all Hawaii Military Relocations, Hawaii Retirees, Hawaii Job Transfers and Hawaii Residents, Home Buyers and Sellers.

  

 © 2007-2012 Celeste "Sally" Cheeseman's Hawaii Real Estate and Relocation Blog.

All rights reserved.

     

 


 

Comments

Hi Sally,
I agree with you that we as agents are an integral part of the solution.  How we advise, educate and  work with our clients makes the difference between a property that sells and one that sits.  We must constantly stay abreast of our local market and be prepared for the shifts.  They always come, it's just that some are more memorable than others.   Thank you.  
Posted by Cynthia Tilghman, Realtor® Onslow County NC Home Specialist (Kingsbridge Realty, Inc) over 4 years ago
Sis - Nice!  It is vital that we all step up and be a part of the solution, I knew you will be front & center leading the pack.  This is an important read for consumers & professionals.
Posted by Jason Sardi (I love kittens cute & My Jennifer!!) over 4 years ago

Cynthia: Very insightful you are and I totally agree...all markets are different. We are part of the solution and if we work together, think in the best interests of our clients and give the consumer up to date info then our markets are surely going to be a better place to live :)

Jason: Thanks so much. I have changed direction and need to stay on a positive focus....woohoo!

Posted by Celeste "SALLY" Cheeseman, RA, CRS, HAWAII Real Estate & Relocations (Century 21 Liberty Homes) over 4 years ago

Hi Sally,

Good post!  I like statistics and enjoy sharing them with my clients.  It helps them to understand what  is really happening and backs up what I'm telling them.  You are right, we have a responsibility to our clients and for our market.  Thanks for the post.  Good Job!

Posted by Ricki Eichler,Broker,GRI,ABR,TAHS,ePRO your Texas Hill Country connection (Ricki Eichler Real Estate LLC) over 4 years ago
Sally, it is so very important for consumers and Realtors alike to understand the local market statistics.  The numbers can vary from town to town and even from subdivision or condo complex.  Real estate is very local and people need to be educated about this constantly.  People tend to believe what they read in the papers and the reporters tend to pick the worst case scenarios to report upon.  We have areas where prices are up and areas where prices are down and you can't extrapolate it to the overall market.  There is no overall market.  The market is where your particular clients are trying to buy or sell.
Posted by Brian Block -- Northern Virginia & D.C. Real Estate (RE/MAX Allegiance, Managing Broker/Branch Vice President) over 4 years ago
Hey Sally,  gotta love those ghost commenters.  Thanks for sharing your stats with us.
Posted by Stephanie Edwards-Musa knitwit at thredUP (thredUP.com) over 4 years ago
Sally, you did a good job on putting the numbers out there for any one to see. You know your market and it shows.  Good for you.
Posted by Dan Forbes over 4 years ago

Sally,

That Ghost Writer is a Coward, otherwise they wouldn't hide the way they Did.  like all of your Posts!! and I am not just  saying that.. Idiots.

Tom Weiss

Posted by Thomas Weiss (Thomas R. Weiss) over 4 years ago
You should link this to your outside blog as well:) I'm not forcing you..just suggesting it.
Posted by Neal Bloom-Realtor ®CRS-Weston FL Real Estate (Keller Williams Properties, Weston FL) over 4 years ago

Sally- I just Read the Post.. I saw on Neals post I believe, something Popped up and said No ghost Blogs allowed or something Like that. I am shocked at the Nerve of these people, But I will put money on the fact that this is a agent from Hawaii and they are scared of how well you do.. A** Holes Sorry that is pathetic, I'm a little angry.

Tom Weiss

Posted by Thomas Weiss (Thomas R. Weiss) over 4 years ago

Sally.  You're too patient. 

If anyone, especially someone who doesn't identify themselves, makes comments like that on my blog, they get "bleeped". 

I bleeped one pest about 8 times in the past week.  He just won't go away.  He wants to argue with me on my blog.  I don't have time to read or argue with him.  He can state his views on his own blog.

Don't let them hold you hostage on your own blog.

 

Posted by Lenn Harley, Real Estate Broker, Virginia & Maryland (Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate) over 4 years ago
I think your positive trajectory will be a benefit to the local market you serve.  Have you thought about serving on your board committees, assuming they have them?
Posted by Jeff R. Geoghan - Marketing Evangelist and VP (Coldwell Banker Select Professionals) over 4 years ago
Sally - Guess I missed the mystery - but the fact that you are the Hawaii Real Estate expert with a positive attitude is obvious to everyone - thanks for sharing and giving a great historical perspective.   
Posted by Cyndee Haydon 727-710-8035 Clearwater Beach Short Sales | Condos & Homes (Charles Rutenberg Realty) over 4 years ago
Sally Jo, you do some very nice blogs- both for us, and the consumer.  Great job on this one...again!
Posted by Laurie Mindnich at Options Realty over 4 years ago

Sally anyone who does not think that we need to shift with the market and make the necessary change to how we do things, needs to read a book call "Who Moved My Cheese?" by Spencer Johnson, M.D.

If we do not adapted and follow our market we will wake up one they and it will be gone. 

Posted by George Souto NMLS# 65149 FHA, CHFA, VA Mortgages Connecticut over 4 years ago

Ricki: And it helps the consumer understand better that all markets are different. Funny how one person can try and put a damper on everything and try to compare nationwide with one sorry market. Sad...I believe NAR needs to get stats out there for all neighborhoods if they're going to give stats at all.

Brian:  At least us Realtors® understand the importance of neighborhood stats. We have to go by county as well...(each of our islands is a different county) Our towns are smack next to each other...and the figures vary immensely! Thanks for your input which by the way...is valued on this blog!

Steph: Funny thing is ...hardly get those...always gotta be one in every state or else comes to every state to spreak ick around.

Posted by Celeste "SALLY" Cheeseman, RA, CRS, HAWAII Real Estate & Relocations (Century 21 Liberty Homes) over 4 years ago

Dan: Thanks there friend! And all that person had to do was ask...instead of try and be condecending. That's okay...boot that one out the door. I just hope it wasn't another agent.....

Tom:  That's okay Tom....what goes around comes around. Too bad the person is miserable. Maybe they're having a bad day...or bad business. or just a plain malcontent.

Neal: I will...just got home. Went to eat Japanese food with my daughter. (I had to con her to come pick me up and take me to get my car....I am sore from yesterday's walk! hehe)

Tom: Calm down buddy...we are worse if we buy into it. I know you love WooHoo!  :)

 

Posted by Celeste "SALLY" Cheeseman, RA, CRS, HAWAII Real Estate & Relocations (Century 21 Liberty Homes) over 4 years ago

Lenn:  I know. Shucks. (not always ...just decided to turn this one around) I won't ...it was a one time (hopefully) deal and if not I'll have AR try and track it or something. IP addresses are always around...I hope it's not an agent...and I hope it's not a member.

 

Posted by Celeste "SALLY" Cheeseman, RA, CRS, HAWAII Real Estate & Relocations (Century 21 Liberty Homes) over 4 years ago

Jeff: You're funny. Of course we have boards!  We are just like any other state hehe.

Cyndee: Thanks for bringing your positive attitude here too. If it's one thing we don't need is more negative stuff...

Thanks Auntie! You're always here supporting me....thank you. (I hope you feel the same!)

George: And the world passes by for anyone who doesn't set aside their "stinking thinking" and roll with the changes.

Posted by Celeste "SALLY" Cheeseman, RA, CRS, HAWAII Real Estate & Relocations (Century 21 Liberty Homes) over 4 years ago

Sally,

I love how you turned a negative into something positive, you did a great job reporting your market conditions! :)

Posted by Somerset MA Real Estate ~ Suzanne Sands (Pavao Real Estate) over 4 years ago
Suzanne: At this point and time....that's the way to go...here on the Rain...out in the real world, at home or at the office...turning a negative into a positive. Thanks for popping by!
Posted by Celeste "SALLY" Cheeseman, RA, CRS, HAWAII Real Estate & Relocations (Century 21 Liberty Homes) over 4 years ago
Do you not have many oceanfront condos? I ask because of the median price differential between houses and condos.
Posted by Lisa Hill (Daytona Beach Real Estate) (Florida Property Experts) over 4 years ago

Lisa: Yes, we do have many...but it's not like that's the going thing when they're priced between 600k to 2.25 million just for the ones available in Waikiki.

Obviously, the single family homes have "land" which is more valuable than the home...in most cases. If I were to compare ocean "view" homes to ocean front condos that's another story as well. You're looking at anything in the Diamond Head area from 1.8 million (2 bedrm and not even on ocean) to 11.9 million (below and just in the Diamond Head area with a view of the ocean)

 

Posted by Celeste "SALLY" Cheeseman, RA, CRS, HAWAII Real Estate & Relocations (Century 21 Liberty Homes) over 4 years ago
Hi Sally....Our Clients take their clues from us! That calls for a positive face...right out front!
Posted by Joan Mirantz GRI CBR SRES- Concord New Hampshire Realtor (Homequest Real Estate) over 4 years ago
Sally - What a great blog and I love your new signature!
Posted by Linda Scanlan (A Fan of AR) over 4 years ago

Joan: Exactly! Right here, right now, up front and center! (sound like military personnel haha)

Linda: Thanks for dropping by. (Margaret did it for me)

Posted by Celeste "SALLY" Cheeseman, RA, CRS, HAWAII Real Estate & Relocations (Century 21 Liberty Homes) over 4 years ago

Sally, The market has definetely changed everywhere.  Our median home prices in Las Vegas have gone done in the past couple years which makes this an excellent time to buy!  I keep stressing that when people give me negative feedback about the market.  We have to keep educating people as the market changes.  Thanks for sharing the stats in Hawaii with us.  I like to know what is going on in all parts of the country.

Posted by Roberta LaRocca REALTOR® Las Vegas Broker Salesperson Property Management (Encore Realty Group - EncoreRealtyGp.com) over 4 years ago
So do I Roberta. AR is such a wealth of knowledge for info from all over the country....right at our fingertips.
Posted by Celeste "SALLY" Cheeseman, RA, CRS, HAWAII Real Estate & Relocations (Century 21 Liberty Homes) over 4 years ago
Sally, Great post. You know I really enjoy your posts. As you know I had a personal attack as well.  It always amazes me that these poeple feel it is ok to attack us and then don't leave their names.  What kind of person does that? Well I know if it is a man he must have a very small...... well you know..:-)
Posted by Matthew J Blum - (retired from the business) over 4 years ago
SALLY:  Any blog that ends with a link to "Roll With The Changes" is great by me.  I actually used that as a blog title a while back.  We are the ones to see the changes happening and we can react accordingly.  Unfortunately, the public is often swayed by the media that paints broad strokes, but has a large voice.  We still must do what we can to raise awareness.
Posted by Adam Waldman - Long Island REALTOR® (Westcott Group Real Estate Company) over 4 years ago
Sally--Beautiful marketing statistical post for a beautiful area of the US....Why can't my photos look so inviting?!!! Great job...Amazing how the median price has exploded in Hawaii!
Posted by Teri Eckholm, REALTOR® Anoka&Washington Counties Acreage & Lakeshore Homes (REMAX Specialists) over 4 years ago

Matt: That's okay Matt...gotta love em for trying and not succeeding. Must have no business.

Adam: That was the album (not tape or cd back then....album hehe) I played over and over when my son was a baby...keep on loving you.... was my favorite.

Teri: All scenic posts are beautiful and so are yours! And the prices haven't really gone down. Just the number of sales...normal in this market...

Posted by Celeste "SALLY" Cheeseman, RA, CRS, HAWAII Real Estate & Relocations (Century 21 Liberty Homes) over 4 years ago

Indeed the past is the past..... although History has a way of repeating itself, as in Real Estate Cycles, but with something different thrown into the mix.  Each area is indeed different, and that is why it is important for everyone to stay abreast of the constant changes.......

Nicely done......Statics seem to add a bit of "visual reality", Thank you for adding them.

Posted by Kathy McGraw, Riverside County CA Real Estate (CELLing Realty) over 4 years ago
Kathy: But our cycles are either two years behind the Continental U.S. or on it's own somehow. And this time the "cycle" is not the same even over there. I heard southern CA is taking a beating. Any truth to that? (last nights news)
Posted by Celeste "SALLY" Cheeseman, RA, CRS, HAWAII Real Estate & Relocations (Century 21 Liberty Homes) over 4 years ago
Great post and interesting information!
Posted by Burbank Real Estate Agent Ana Connell (G & C Properties/John Aaroe Group) over 4 years ago

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