Well a 1 bedroom just came on the market for $340,000 in the same building I offered $410,000 for a 2 bedroom. The last 1 bedroom sold for $300,000 at the beginning of last year. There's usually about $100K difference between 1 & 2 bedrooms.
Tuesday, January 22, 2008 - 10:51 AM HAST
Honolulu has 4th least-affordable housing
Pacific Business News (Honolulu)
Honolulu has one of the least affordable housing markets of major urban markets, according to a recent survey.
Three California markets -- Los Angeles, Salinas and San Francisco -- are the least affordable housing markets, noted as severely unaffordable. Honolulu ranks 4th.
The fourth annual Demographia International Housing Affordability survey covers 227 markets in Australia, Canada, Ireland, New Zealand, the United Kingdom and the United States using data for the third quarter of 2007.
The survey, by a St. Louis-based public policy organization, compares the median house price to median household income multiple to rate housing affordability.
Thunder Bay in Canada has the most affordable housing market, followed by Youngstown, Ohio, and Fort Wayne, Ind.
More Good real estate news. Can you believe it was purchased almost 4% below asking!? Damn lowball offers! It was only assessed at $11,000,000!!! So, 6 trillion - $11,000,000.........Get out there and buy folks
Friday, January 18, 2008
Kailua estate sells for $22 million
Pacific Business News (Honolulu)
The sale of a two-acre beachfront estate in Kailua set the record for highest sale for 2008 less than one month into the new year.
The estate at 51 Kaikea Place, which has a four-bedroom main house and a two-bedroom cottage, sold for $22 million after four months on the market. It was listed on Sept. 10 for $23.7 million.
Tracy Pflueger Allen of
Coldwell Banker Pacific Properties represented the seller in the cash transaction. The buyer, who is reportedly from Japan, was represented by Jeannie Fogarty and Hideo Mita of
Fogarty Realty.
Pflueger Allen also brokered the $24 million sale of a two-home property at 145-Kailuana Loop in July 2006.