Hawaii Real Estate

There is a beautiful new listing on Laiki Place  in the neighborhood of Beachside in Kailua.  It is only a few properties from gorgeous Kailua Beach.  This spacious 5 bedroom and 5 bath home feels like a real getaway home.  The interior is over 4200 square feet and is in impeccable condition.  The land area is a nice sized 10,000 square feet.  Come check out this beautiful new listing.  Contact Malia L. Meenderman, R, at 808-394-9779 for more information.

Queen Anne’s Revenge has been docked recently at the He’eia Pier in Kaneohe Bay.  The famed vessel is being used for filming of the Pirates of the Caribbean film staring Johnny Depp and Penelope Cruz.  The Bay is a stunning location and perfect place for anyone who enjoys boating and sailing.  There are some properties with a deep enough channel running in front of the property to accommodate large sailing vessels.  It is one of the few places on Oahu that you can have a dock in front of your property.

Kaneohe Bay is a wondrous setting for anyone to live and experience.  Good properties along the bay can be challenging to come by.  Just a few properties are currently available.

44-623A Kaneohe Bay Drive (asking $3.295 mil) has a channel leading to the Kaneohe Yacht Club.

44-005 Aumoana Place (asking $1.35mil) sits next door to the Kaneohe Yacht Club.

47-253 Miomio Loop (asking $3.85 mil) sits farther out in the country, but is a stunning locale.

45-005 Bayside Place (asking $1.095 mil) a more affordable option without a deep water channel, but has a long boat dock.

To inquire more about these properties or other properties in Hawaii contact Malia L. Meenderman, R.

A new bill before the Senate would allow a credit to home Buyers of up to 10% of the purchase price, up to $15,000 maximum.  This is based on the perceived success of the $8000 first time home buyer tax credit, that is currently in effect until the end of November.  The $8000 tax credit has been less successful, because of the many restrictions that come along with it such as the income requirement.  But, $15,000 to home buyers could definitely stimulate the economy through real estate.  If you look at what that would mean on Oahu with our median home sale price of $500,000 ( latest number for May 2009), then that equates to a 3% credit of the purchase.

As I have said in a previous blog posting, there has been an uptick in the number of homes that have sold in the month of May in the Oahu real estate market.  From January, we are up approximately 46% in the number of homes sold.  That can be construed as being partially attributable to the tax credit, as well as the change in the FHA lending requirements and general liquidity coming back in to the lending markets.

This could also stimulate the lagging move-up buyers that want to move up into a more expensive home or better neighborhood.  Currently, the vast majority of these buyers have just been waiting on the sidelines.  From my own experience, there are more Buyers out there and this could provide the motivation they need to jump into the market.