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Ready to start home shopping again before the frenzy begins? Reach out so we can get together and seize this opportunity!

[fiemanrealestate]

August 2024 Oahu Real Estate Market Update: Stock market crashed this past Monday due to global uncertainty and recession fears which is putting a lot of pressure on the Feds to lower rates and interest rates have come down quite a bit. In the last 3 months it has dropped a full 1% from about 7% last May to about 6% now, with more decreases expected in the near future. How do you think presidential elections affect home sales? In general, elections have historically had short-term negative impacts on homebuying and homeselling activity. Election years can have a big influence on real estate matters because of 3 interelated channels: uncertainty, policy expectations, and consumer confidence. Consumers tend to wait on the sidelines during periods of uncertainty when it comes to making big financial decisions. Except for 2 presidential elections in the past 40 years, the months of June through October experience significant declines in real estate activity. Looking at some of the sales stats for last month in July, closed sales for single-family homes have increased 20.1% to 269 closed sales and for condos decreased 7.8% to 389 closed sales. This could be due to the insurance shortage issues a lot of condominiums are facing making it harder for buyers to purchase with a loan. Median sales price for single-family homes went up 4.6% to $1,140,000 and for condos went up 1.8% to $509,000. Median days on market for single-family homes went down 6.3% to 15 days and for condos 87.5% to 30 days. The days on market for condos nearly doubled also likely do to the insurance shortage and difficulty in financing issues. If you have any particular questions about your specific realistic goals please don't hesitate to reach out and I would be happy to provide you with the information that is most valuable for you. Have a great rest of your August and I will see you next month in September!

[fiemanrealestate]

Just listed 46-86 Ipuka St in Kaneohe (Ali'i Bluffs) for $1.8M! It's a 4 bed, 2.5 bath, 2,112 sqft living, 7,239 sqft lot home with a brand new top to bottom renovation. Open house scheduled for this Sunday 2-5pm. Come see it for yourself in person and send someone who wants to make this their new dream home! Experience island living at its finest with this stunning brand new renovated property in Kaneohe just a few homes down from Kaneohe Bay! Enjoy breathtaking views of the crystal blue ocean and lush green Ko'olau Mountains from the 2nd floor patio. This expansive 4 bed 2.5 bath property with 7,239 of land offers ample space for relaxation and entertaining, perfect for family gatherings. Recently renovated from top to bottom with high-end finishes such as luxury vinyl laminate flooring, wood shaker cabinets, Samsung appliances, ceramic tiled showers with glass panels, accent wall designs, walk-in closet systems, upstairs patio with trex decking, and fresh landscaping. Located in the peaceful neighborhood of Ali'i Bluffs just off of Kamehameha Hwy with easy access to the H-3, Likelike, or the Pali. Immerse yourself in the beauty of Hawaii with this outdoor oasis offering access to nearby parks, hiking trails, and water activities, offering the ultimate Hawaii lifestyle. Don't miss this rare opportunity to own a piece of paradise in Kaneohe. Open house 7/18 11am-1pm and 7/21 2-5pm. Schedule your showing today before it's too late!

[fiemanrealestate]

July 2024 Oahu Real Estate Market Update: Interest rates are about 6.98%, Feds are holding rate cuts because inflation is still not at their target of 2%, so it's going to take longer for the interest rates to come down a bit. Closed sales for SFH up +4% and Condos down -24.5% (due to hurricane insurance replacement coverage shortage and not being able to get a loan). Median sales price for SFH up +6.7% and Condos up +3.9% (despite the higher interest rate environment prices are still going up due to inventory still being low and a number of buyers willing to accept a higher interest rate for now knowing they can refinance in the future). Median days on market for SFH down -11.8% and Condos up 44.4% (due to the same insurance issues as above). If you have any specific questions about your particular neighborhood or condominium, please reach out and I'd be happy to give you the information that's most important to you. Thanks so much for listening, have a great rest of your July, and I'll see you on the next market update in August.

[fiemanrealestate]

Just listed 232 Hanakoa Pl #A in Hawaii Kai! It's a 6 bed 4 bath 2 story multi family home with 2 full kitchens, 2,652 sqft of living, on a 5,002 sqft lot. Open house scheduled for this Sunday July 21 from 2-5pm. Come take a look before it's too late! RARE opportunity to own a newer construction multi-generational home with ocean, mountain, Diamond Head, and Koko Head views! Built in 2010, this 6 bed 4 bath home features: 3-beds 2-baths downstairs with yard space, covered lanais, & primary suite full bathroom w/ walk-in shower perfect for the elderly, 3-beds 2-baths upstairs including 2 large balconies with views, and an internal & external staircase for FLEXIBLE living options. Use the entire home for you and your family, live in one and rent out the other to help supplement your mortgage, or rent out both for maximum rental income. The POSSIBILITIES are endless! Thoughtfully designed & ENERGY EFFICIENT with solar photovoltaic systems (15 owned panels & 32 leased panels), 2 Tesla power walls, gas water heater, split AC systems throughout, double paned windows, all to provide a cool and quiet home with low electrical costs. 5 parking stalls on site w/ the ability to build your own carport or garage in the future. Located on a PEACEFUL cul-de-sac w/ lots of street parking next to Koko Head Regional Park & Crater hike, Costco, Koko Marina Center, Hawaii Kai Towne Center, & easy access to town. Come see it before it's too late!

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Commodre #3D just SOLD for full asking $580,000! Fun fact I used to own this unit in the past about 2 owners ago. Selling for $32,000 higher in just under a year of ownership is hard to do especially in this market, but that’s just what we did for our seller. We started off with professional photos and videos from our marketing team and did a little pre-marketing by reaching out to agents who have sold recently in the building as well as mailing out postcards to all of the owners. We were present for showings and held open houses in order to convey the benefits of the property to guests in person. Sure enough the right buyer came along from a fellow colleague and we were able to sell for full asking. Thank you to @mailagibson and @koacassady for bringing the buyer and being so great to work with. We even negotiated a rent back to allow time for our seller to stay in the unit to sell off their belongings before moving back to the mainland. Have you had any thoughts of selling your property? Contact me for a FREE valuation and to keep updated on your property value. Just call, text, or email me back to stay in touch and I’ll send you your FREE property report!

[fiemanrealestate]

RealTrends Verified analyzes Brokerage, Team, & Agent performance data, spotlighting the top 1.5% of real estate pros. I'm honored and grateful to be ranked #38 on Oahu for my sales volume last year! I'm very thankful for my family, friends, and clients who continually give me the opportunity to help them with their real estate needs and achieve their goals. I appreciate everyone who sends me a referral from their own contacts and conversations and puts their trust in me to help them get the best deal possible whether buying or selling property here in Hawaii. It is such an amazing industry to be in where I can help people in Hawaii reach financial freedom by building wealth through equity, appreciation, and sometimes rental income, of the real estate housing market. If you know anyone looking to make a real estate move this year in buying or selling real estate here in Hawaii, rest assured they are in great hands when you send them to me and I'll keep you updated on their progress every step of the way. Thank you all again and looking forward to another amazing year in real estate in 2024!

[fiemanrealestate]

June 2024 Oahu Real Estate Market Update: Fed's kept interest rates unchanged in the 5.25 to 5.50% range at its policy meeting last week and hinted at maybe only 1 interest rate cut this year. This is to keep pressure on the economy to cool inflation back to the 2% rate as it was running at 2.7% in April. Interest rates are currently about 7.12% for 30 year fixed with 0 points causing a slower than usual summer sale for housing. Currently, I have 14 listings available on the market and very few showing requests. Sellers will have to be a little more patient in this market or price it accordingly if they need to sell soon. Buyers looking for decreased competition should take advantage of discounts from motivated sellers. Single family home median prices were down 2.2% to $1,085,000 and condos were down 2.0% to $495,000. If you have any specific questions about your particular situation, please reach out and I would be happy to discuss some real estate strategies that might be best for you. Thanks for tuning in, have a great rest of your June, and I will see you on the next Oahu real estate market update in July.

[fiemanrealestate]

Just relisted at an amazing price of $2.1M. Open house today Sunday starting at 2pm. Come see the possibilities for yourself! Motivated seller, new low price! Come see this beautifully renovated home with views in the desirable Hillcrest neighborhood of Kailua! This spacious 2-story, 4-bed, 3.5-bath home features a modern kitchen with stainless steel appliances, renovated bathrooms, a bonus loft area for office or kids room, 2-car garage, separate studio room ensuite with kitchen bathroom and private entrance, and permits in place to build an infinity pool and CPR for a second house down below (or just build out a deck and landscape down below instead for ease of use). Enjoy views from every corner overlooking Enchanted Lakes, Kailua Bay, and the sunrise. Located just minutes from Kailua Beach and downtown Kailua, this home offers the perfect blend of indoor/outdoor living in a peaceful neighborhood setting. Don’t miss this amazing opportunity to own a move-in ready home in this hard to come by neighborhood. Schedule your showing today before it’s too late!

[fiemanrealestate]

Lakeview #16D in Kailua Just Sold for a RECORD price of $885,000 ($40,000 over asking all cash)! How did we do it? Our seller first came to us after renting their property for a long time under market value. It was in need of repairs so we were able to help them renovate with our own contractor and transform the place to a brand new unit. We did a mixture of staging, professional photos & video, and digital online marketing to attract buyers. We were there in person for the broker’ s open and open house and were able to create a bidding war with 4 offers. Sure enough we found the right buyer and closed escrow with ease at $40,000 over asking all cash. $885,000 beats the historical record sale at Lakeview by $50,000! Having multiple offers means we still have many leftover buyers wanting to purchase. Have you had any thoughts of selling your Kailua home? There’s not much currently available on the market so now is the time to test the market and set another record. Call/text/email me today for a FREE valuation and to stay in touch on the value of your home!

[fiemanrealestate]

🚨 Honored to be featured on the COVER of @hawaiirealproducers magazine and presented as a "Top Producer" in real estate!!! 🕺🏼 Thank you @wirsingchris for the spotlight, @eleven_clicks for the photo shoot, @ames_j._ of @honoluluexotics for letting me borrow the @kameahadar designed Lamborghini Huracàn EVO, and @hidesakurai for letting us use @skywaikiki as a backdrop for the photos. Thankful for my family, friends, clients, and local community for pushing me to be better each and every day. I love you all 🙏🏻

[fiemanrealestate]

Just listed Ala Wai Plaza Skyrise #3503 for $575,000! 1 bed, 1 bath, 684 sqft of living, 124 sqft of lanais, 2 stories, $735/mo maintenance fee. Brokers open tomorrow 5/8 9:30am-11:30am and open house Sunday 5/12 2-5pm. Come visit and see it in person! Experience luxurious multi-level living with breathtaking views of Diamond Head, Waikiki Beach, and Ala Wai Golf Course at Ala Wai Plaza Skyrise! This high floor (just below the penthouse), split-level 1-bedroom unit features new laminate floor inside and ceramic tile outside, a modern kitchen with granite countertops and stainless steel appliances, new washer & dryer, and living room with extended lanai perfect for entertaining. Upstairs offers a renovated bathroom with glass shower panel, and spacious bedroom with another lanai to relax and unwind while taking in the stunning panoramic views. Also comes with a dedicated covered parking stall on the 3rd floor, which has a walking bridge to directly access the building. Amenities include a pool, 24-hour security, BBQ grills, car wash, and shared storage on each floor. Conveniently located next to Iolani School and University of Hawaii with easy access to parks, shopping, dining, Waikiki, and the H1 freeway. Don't miss this opportunity to own your piece of paradise in the sky. Come take a look before it's too late!

[fiemanrealestate]

Just listed Commodore #3D in Hawaii Kai for $580,000! 1 bed, 2 bath, 2 parking, 1,019 sqft living, 62 sqft lanai. Open house scheduled for this weekend, schedule your showing today. Welcome to the Commodore in Hawaii Kai, a premier condominium community offering resort-like living at its finest! This spacious 1-bedroom 2-bath unit boasts 1,019 sqft of living space with a 62 sqft lanai overlooking the swimming pool with garden & mountain views. Recently remodeled with bamboo floors, new washer/dryer, primary bedroom with walk in closet, and 2 full bathrooms to choose from. Enjoy the convenience of a gourmet kitchen with stainless steel appliances, soft close cabinetry, and granite countertops. 2 side by side parking stalls located on the same level as the unit so no elevators are needed. The Commodore features a host of amenities including a gym, pool, jacuzzi, sauna, tennis courts, meeting rooms, library, bbq cabanas, and extra storage. Maintenance fee includes all utilities except electricity (which also remains low with AC and Hot Water provided) all for just around $1.20/sqft. Close proximity to Costco, restaurants, shopping, entertainment, beaches, the marina, and easy access to Kalanianaole Hwy. This is truly a rare opportunity to experience the best of Hawaii Kai living. Schedule your showing today before it’s too late!

[fiemanrealestate]

Just listed Commodore #3D in Hawaii Kai for $580,000! 1 bed, 2 bath, 2 parking, 1,019 sqft living, 62 sqft lanai. Open house scheduled for this weekend, schedule your showing today. Welcome to the Commodore in Hawaii Kai, a premier condominium community offering resort-like living at its finest! This spacious 1-bedroom 2-bath unit boasts 1,019 sqft of living space with a 62 sqft lanai overlooking the swimming pool with garden & mountain views. Recently remodeled with bamboo floors, new washer/dryer, primary bedroom with walk in closet, and 2 full bathrooms to choose from. Enjoy the convenience of a gourmet kitchen with stainless steel appliances, soft close cabinetry, and granite countertops. 2 side by side parking stalls located on the same level as the unit so no elevators are needed. The Commodore features a host of amenities including a gym, pool, jacuzzi, sauna, tennis courts, meeting rooms, library, bbq cabanas, and extra storage. Maintenance fee includes all utilities except electricity (which also remains low with AC and Hot Water provided) all for just around $1.20/sqft. Close proximity to Costco, restaurants, shopping, entertainment, beaches, the marina, and easy access to Kalanianaole Hwy. This is truly a rare opportunity to experience the best of Hawaii Kai living. Schedule your showing today before it’s too late!

[fiemanrealestate]

New amazing price, same great property! Ilikai Marina #280 just relisted for $740,000. 1 bed, 1 bath, 651 sqft of living, large 84 sqft lanai with oceanfront views, legal vacation rental. Reach out for more information or to schedule a showing! Discover the epitome of island living in this stunning, vacation rental friendly, oceanfront retreat! This spacious 651sqft 1-bedroom corner unit at the renowned Ilikai Marina offers picturesque boat harbor views on a large 84 sqft outdoor lanai, windows on both sides, limestone flooring, granite countertops, upgraded cabinets, accordion wall for flexible open flow and privacy, central AC, front row view of the Friday night fireworks, and ability to walk up to without using the elevator. Owner is also selling an Ocean Cruiser Boat for $115,000 located directly across the unit in one of the most desirable boat slips in Ala Wai Boat Harbor. Ilikai Marina offers parking for rent at $115/mo and is situated right on the water with easy access to Waikiki Beach, Ala Moana, and lots of local shopping and dining options. Whether you're seeking a permanent residence, second home, or a vacation rental investment opportunity, this unit offers great potential. Don't miss the chance to make Ilikai Marina unit #280 your own blend of modern luxury and Hawaiian charm!

[fiemanrealestate]

Just listed 3504A-1 Wela St, Honolulu 96815 (Kapahulu) for $1.39M! 3 bed, 3 bath, 2,154 sqft of living, 4,809 sqft lot. Open house this Sunday come see what it's all about! Welcome home to this newly remodeled charming Kapahulu residence at a new affordable price! This property offers all modern comforts such as a gourmet kitchen featuring Thermador appliances, a built in refrigerator, a high end stove/oven, multiple living and dining areas, 2 large spacious bedroom/bathroom suites, 1 ensuite with full bath and separate outdoor entrance, large driveway for extra parking, outdoor patio and storage space, and Photovoltaic solar panels on NET metering for low electric bills. Conviently located in the desirable and rarely available neighborhood of Kapahulu where residents can enjoy the convenience of Diamond Head, nearby shops and restaurants, and a short trip to Kapiolani Park and Waikiki Beach. This home presents an exceptional opportunity for those seeking move in ready renovation at an affordable price with the perfect balance of relaxation and urban convenience. Don't miss this chance to make Wela Street your own slice of paradise in Kapahulu. Come take a look before it's too late!

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Just listed 1340 Aupupu St in Hillcrest Kailua for $2.2M! It has 2,702 sqft of living on a 10,147 sqft lot. Open house scheduled for tomorrow Thur 3/28 from 10am-12pm and this Sunday 3/31 from 2-5pm. Come visit and take a look at this beautiful Kailua home. Beautifully renovated home with views in the desirable Hillcrest neighborhood of Kailua! This spacious 2 story 4-bed 2.5-bath home features a modern kitchen with stainless steel appliances, renovated bathrooms, a bonus, loft area, two car, garage, separate studio, rental with private entrance, and permits in place to build an infinity pool and CPR for a second house down below. Enjoy views from every corner overlooking Enchanted Lakes, Kailua Bay, and the sunrise. Located just minutes from Kailua Beach and downtown Kailua, this home offers the perfect blend of indoor/outdoor living in a peaceful neighborhood setting. Don't miss this amazing opportunity to own a move-in ready home in this hard to come by neighborhood. Schedule your showing today before it's too late!