century 21: Doing the Same Thing and Expecting Different Results - 01/16/08 08:49 AM
I see many new  agents come and go in our industry.  As the market changed in the last two years many inexperienced and weak agents began to find themselves lost.  On Oahu our market is much stronger than most in the country, yet we have seen a decrease in the number of closings.
I have lost count of how many struggling agents have spoken to me in the last year asking advice.  Most were not willing to follow the advice.  Several of them have either left the industry or have stopped doing business all together.
Here is my advice to struggling agents.
If what … (67 comments)

century 21: Wahiawa & Whitmore Village - December 2007 Real Estate Sales Activity Year End Report - 01/15/08 02:51 PM
Single Family homes sales in Wahiawa/ Whitmore have shown increases. Average sales prices of single family homes are up over 9%, year to date from over the 2006 levels.  Sales volume was within one sale of the 2006 levels.  It still appears to be a nice balanced market for both buyers and sellers.
Condo and townhouse sales in Wahiawa/ Whitmore are another story.  Average sales prices have shown a slight drop of a little over 3%, while sales volume is down 25% year to date from last years numbers.  Buyers are still finding a good selection and low interest rates.
The below figures … (0 comments)

century 21: Ocean Pointe Real Estate Sales Activity for December 2007 – Year End Report - 01/15/08 01:27 PM
Ocean Pointe a planned community in Ewa Beach, Hawaii (makes up part of tax map key 191). The following report reflects resale's of homes that were reported through the MLS system.  New homes sales are not part of this report.
Single Family homes: Year to date sales prices of single family homes in Ocean Pointe have continued to show a drop in both sales average sales price and volume over the previous year.  There is a lot of new home construction in the area which has had an impact on the resales.
Condo and townhouse sales are another story.  Sales volume has shown … (0 comments)

century 21: Mililani, Hawaii - Real Estate Sales Activity for December 2007 (A Year End Report) - 01/12/08 09:16 PM
                                                                   
This Mililani sales report covers zip code 96789 which covers both the Mililani Area (which includes Mililani Town, Launani Valley) and Mililani Mauka.
Mililani real estate is still moving strong.  We are still seeing good real estate activity in the Mililani area.  With low interest rates and some selection in the inventory, buyers are still able to buy the home of their dreams, while sellers were seeing their properties move if priced and marketed correctly.
A few dynamics in the area:
Castle and Cooke is almost finished with new home construction in Mililani Mauka.
We have seen a large number of troops returning to … (0 comments)

century 21: December 2007 Real Estate Sales Activity for Las Brisas in Ewa Gentry - 01/12/08 04:46 PM
Las Brisas is a development within the planned community of Ewa Gentry in Ewa Beach, Hawaii (makes up part of tax map key 191).
Single Family homes: Sales activity in Las Brisas has continued to be softer than 2006.  There is a lot of new home construction in the area competing with the resale market, along with a large amount of resale inventory in the neighboring communities.  It is a good area and time for buyers to find good deals while interest rates are still low.
Currently Active for Sale (January 12, 2007): 
4 Single Family HomesCurrently in Escrow (January 12, 2007):
0 Single … (2 comments)

century 21: Village Park - Real Estate Sales Activity for December 2007 - 01/12/08 04:29 PM
Village Park is a community in Waipahu, Hawaii (makes up part of tax map key 194).
Single family home sales volume is down from 2006, while average sale prices remain consistent with that period.  With inventory levels reasonably low and interest rates back down, there may be some pressure for prices to increase again.
Here are numbers for single family homes in Village Park:
Currently Active for Sale (January 12, 2007): 
15 Single Family HomesCurrently in Escrow (January 12, 2007):
   9 Single Family Homes*These numbers were taken from the Honolulu Board of Realtors MLS system and are deemed to be accurate, but not guaranteed.
You … (3 comments)

century 21: December 2007 Real Estate Sales Activity for Montecito/ Tuscany in Ewa Gentry - 01/11/08 09:46 PM
Montecito/ Tuscany an Ewa Gentry planned community in Ewa Beach, Hawaii (makes up part of tax map key 191).
Single Family homes: Sales volume is still too low to draw conclusions.  Most of the homes are less than 2 years old.  The resale prices are very attractive for first time home buyers who are looking to enter the market.
Currently Active for Sale (January 11, 2007):   
 15 Single Family HomesCurrently in Escrow (January 11, 2007):
   3 Single Family Homes*These numbers were taken from the Honolulu Board of Realtors MLS system and are deemed to be accurate, but not guaranteed.
You can find out more … (4 comments)

century 21: Royal Kunia Real Estate Sales Activity – December 2007 - 01/11/08 09:35 PM
Royal Kunia is a planned community in Waipahu, Hawaii (makes up part of tax map key 194).
Single Family homes average prices have softened.  Sales volume of single family homes has shown some slippage year to date from the 2006 levels.  Average sales prices year to date are within 2% of the 2006 levels.  Inventory levels remain low and interest rates have dropped again, so expect prices to continue to remain strong for at least the short term.
Condos and townhouses:  Sales volume of condos is small, due to the limited number of condo complexes in Royal Kunia.
Currently Active for Sale (January 11, … (0 comments)

century 21: Westloch - Real Estate Sales Activity for December 2007 - 01/11/08 08:18 PM
This Westloch sales report covers both Westloch Estates and Westloch Fairway (part of zip code of 96706) have seen a flattening of the market when comparing with 2006 numbers.  Sales volume has stayed steady with last year, while average sale prices have slipped slightly.
Interest rates have gone down a little along with a reasonable amount of inventory, making it a good market for both buyers and sellers.
Currently Active for Sale (1/11/08): 
20 Single Family HomesCurrently in Escrow (1/11/08):
  3 Single Family Homes*These numbers were taken from the Honolulu Board of Realtors MLS system and are deemed to be accurate, but … (0 comments)

century 21: Oahu (Honolulu County) - Sales of Existing Homes & Condominiums for December 2007 - 01/11/08 08:01 PM
Single Family Home Sales began to slow the end of the year.  Sales volume is down from the same period last year, while the median prices have stabilized.
Condominium Sales had a drop in volume while the median price saw a small increase from the previous month. 
With interest rates lowering, both buyers and sellers should see it a good time to take advantage of the market conditions in most areas.
*These numbers were taken from the Honolulu Board of Realtors MLS system and Old Republic Title they are deemed to be accurate, but not guaranteed.
You can find out more about real estate … (0 comments)

century 21: State of Hawaii – December 2007, State Wide Resale Home Sales - 01/11/08 07:37 PM
Single Family Home Sales have shown decreases in volume for the month of September compared to the same month in 2006 in all of the counties.  Median prices of homes had slight decreases of less than 1% compared to the same time in 2006, with the exception of Maui which showed a 6.9% decrease.
Condominium Sales have also seen declines in Hawaii and Kauai in both volume and median price.  Maui had an decrease in volume and a large increase in median price.  Oahu (Honolulu County) while having a decrease in sales volume had a slight climb in median price.
*These numbers … (2 comments)

century 21: Maili Real Estate Sales Activity for November 2007 - 12/29/07 05:03 PM
Maili, Hawaii is located on the Leeward (west) side of Oahu. (tax map key 187).
Maili Single family homes sales volume has been down from the 2006 levels, year to date.  In November we saw an increase of activity over the same period in 2006.  The average sales prices were the reverse.  Average price down a little in November, but up year to date.
Maili condos and townhouses have seen a dramatic drop in sales volume from the 2006 levels.  Average sales prices are down year to date a little over 9%.  There were no closings in November.
The below figures include both … (4 comments)

century 21: Kailua Real Estate Sales Activity for November 2007 - 12/22/07 06:23 PM
The Kailua communities (zip code of 96734 and some connecting neighborhoods) have seen changes in the real estate market.
The below figures include both fee simple and leasehold properties.  These are only the totals and average sale prices.
Single Family homes sales:  The month of November saw strong average sales prices.  Year to date, both average sales price and sale volumes have shown modest increases over the 2006 figures.  Inventory levels also came down a little in November.
Condo and townhouse sales:  In November both sales volume and average sales price volume continues to be a bit off from 2006, while average sales prices … (6 comments)

century 21: November 2007 Real Estate Sales Activity in the Makaha, Hawaii - 12/22/07 05:42 PM
Makaha, Hawaii is located on the Leeward (west) side of Oahu. (tax map key 184).
The below figures include both fee simple and leasehold properties.  These are only the totals and averages.
Here are number of single family homes sold in Makaha:
Single Family homes: Sales activity in Makaha has continued to be softer than 2006.  Year to date average sales prices have seen a nice increase, while the month of November saw a seasonal high that was not as strong as 2006, but higher than the year to date numbers.
Currently Active for Sale (December 22, 2007): 
52 Single Family HomesCurrently in Escrow (December … (0 comments)

century 21: Pearl City Region Real Estate Sales Activity for November 2007 - 12/22/07 05:23 PM
This report covers areas including: Halawa, Foster Gardens, Aiea, Aiea Heights, Waimalu, New Town, Royal Summit, Pearl City, and Pacific Palisades.
The below figures include both fee simple and leasehold properties.  These are only the totals and average sale prices.
Single Family homes sales have softened. Average sales price of single family homes have seen slight increase year to date while sales volume is down from last year.  Inventory levels are reasonably low.
Condo and townhouse sales are another story.  The trend is similar to the single family homes in the area.  Prices are seeing growth while sales volume is down and inventory low.
Current … (2 comments)

century 21: Salt Lake, Hawaii Area - November 2007 Real Estate Sales Activity - 12/22/07 04:04 PM
Salt Lake Area (tax map key 111, includes Moanalua, Aliamanu, Mapunapuna and Airport Area)
The below figures include both fee simple and leasehold properties.  These are only the totals and average sale prices.
Single Family homes sales have softened. Average sales price of single family homes have continued to climb, while a little off in November the low sales volume makes it impossible to draw any conclusions.  Sales volume is down from last year.  Inventory levels are beginning to come down.
Condo and townhouse sales are another story.  Inventory continues to remain low.  Average sales prices have seen a nice jump over last year.  … (0 comments)

century 21: Was 2007 Fun? It Was For Me. - 12/21/07 02:27 PM
As I get to the end of 2007 I felt I needed to reflect on this past year and get ready to hit the ground hard for 2008.
For 2007 it was a year with some highs and some lows.  I will be finishing the year below the aggressive goals I set for sales and personal.
The year started a little on the slow side.  I spent much of December in and out of the hospital at the end of 2006 and most of January and part of February recovering from a surgery and then some complications.  As you know what you work … (24 comments)

century 21: Practicing or Performing Real Estate - 12/17/07 04:21 PM
                                                                               
I just read a blog post by Scott Daniels titled: You have to have the right tools in order to practice Real Estate.
He shared a story about a real estate agent who was trying to practice real estate without the proper tools.  Besides noting how poorly their clients were probably being serviced; it made me think of another question.  When taking on a client are you practicing real estate (I mean in the context of trial and error) or are you performing the business of real estate?
Many times we as professionals run across others in the industry that clearly does … (32 comments)

century 21: Real Estate Sales Activity in the Hauula, Hawaii – November 2007 - 12/15/07 11:55 PM
Hauula (tax map keys 153 thru 154)
Single family homes have really slowed down dramatically.  There is still more than 2 years worth of inventory in Hauula.  It is still a buyer's market in Hauula.
Current Active for Sale (December 15, 2007): 
29 Single Family HomesCurrently in Escrow (December 15, 2007):
  2 Single Family Homes*These numbers were taken from the Honolulu Board of Realtors MLS system and are deemed to be accurate, but not guaranteed.
You can find out more about real estate in Hawaii at: http://www.hawaiirandy.com/
Or at: http://www.localism.com/
 
(0 comments)

century 21: Ocean Pointe Real Estate Sales Activity for October 2007 - 12/15/07 11:42 PM
Ocean Pointe a planned community in Ewa Beach, Hawaii (makes up part of tax map key 191).
Single Family homes: Average sales prices of single family homes in November saw a dip, leaving the year to date average sale price a little over 5% lower than the same period last year.  Inventory level has grown a little in November bringing it up to slightly more than 4 months worth.
Condo and townhouse sales are another story.  Sales volume has shown drop a large drop year to date from the 2006 levels.  Average sales price has seen a slight decrease year to date from … (5 comments)

 
Randy Prothero, Hawaii REALTOR, (808) 384-5645 (Island Style Realty Inc.) Rainmaker large

Randy Prothero

Hawaii REALTOR, (808) 384-5645

Mililani, HI

More about me…

Island Style Realty Inc.

Address: 94-539 Puahi St., Waipahu, HI, 96797

Office: (808) 671-2225

Mobile: (808) 384-5645

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog