David's Real Estate Blog | Dispatches from Diamond Head

Latest real estate news and articles from David E. Buck, Realtor-Broker

Dec. 15, 2017

Aalii Condos in Ward Village to Launch Sales Soon

Get ready! Aalii - Howard Hughes' latest new construction project will be launching soon...

Aalii in Ward Village

Rendering of A'ALI'I in Kakaako

Set as more "affordable" options compared to previous launches, Aalii will have over 700 units and various floor plans that consist of studio, 1 and 2 bedroom options.

Amenities

Some of the amenities include a roof top lanai, swimming pool dec, gym and other cool spaces to hang out. Here's some samples:

Aalii Lanai 42

Lanai 42 Gathering Space

Aalii Pool Deck

Pool Deck

Aalii Gym

Fitness Center on Level 42

Level 42 Indoor Lanai

Level 42 Lanai (indoors)

Aalii Level 8 Hangout Space

Level 8 Gathering Room

To learn more about this great project and how to get registered, contact us for more information.

Nov. 16, 2017

Oahu Condo Sales Jumped 14.3% in October

The median sales prices for a single family home and condo were relatively flat in October compared to last year (up just 1.3% for SFH and .4% for condos)

October, 2017 Real Estate Stats on Oahu

Condo Stats

View from Ala Wai Plaza #2405

View from Ala Wai Plaza condo (MLS # 201722630) listed near October's median price

The silver lining in October's stats were a 14.3% jump in the number of condos sold on Oahu (489 compared to 428 last year). The median sales price was $397,500, which was barely up from $396,000 last year and quite a ways off from the record of $425,000 we saw reached in July. The median Days on Market is still only at 21 days, however it's a slight uptick from 20 last year.

Single Family Home Stats

Royal Kunia home for $750,000

Royal Kunia home (MLS # 201722662) listed for $750,000

The median sales price for a single family home was $752,000. The same month last year was $742,000 for a 1.3% increase. The number of sales were up 6% from 335 to 355 on the island. The Median Days on Market continued to show signs it's a Seller's Market with just 15 Days (21.1% drop from last year's 19 days)!

Local Market Updates

As always, real estate is local and here's what neighborhoods were hot for buyers and sellers in the month of October:

Neighborhoods “Hot” for Sellers

  • Home sales in Waipahu were up 150%
  • Home prices in Kailua-Waimanalo and Makakilo were up 19%
  • Condo sales in Diamond Head-Kapahulu, Wahiawa and the Windward Coast were up 300%
  • Condo prices in Waialae-Kahala were up 20%

Neighborhoods “Hot” for Buyers

  • Home sales in Kaneohe were down 44%
  • Home prices in Downtown-Nuuanu were down 20%
  • Condo sales in Hawaii Kai were down 20%
  • Condo prices on the Windward Coast were down 52%

What’s Happening in Your Neighborhood?

Please consider these are broad overviews for regions on Oahu. To find out what is happening in your specific neighborhood (or street for that matter), feel free to contact me for more information.

Oct. 31, 2017

Happy Halloween, Harcourts and 6 Hawaii Real Estate Deals

In the spirit of Halloween, it's Logan here (a.k.a The Wolverine) and I've decided to swap out my Dog Tag for a Harcourts Tie and tell you about some great real estate deals here in Hawaii.

3 Great Condo Deals in Town

Cabana at Waikiki #203

1. Cabana @ Waikiki #203 (MLS # 201717411) for $290,000

Only 2 blocks to the beach, this is the lowest priced legal 1 bed vacation rental in Waikiki. This the perfect investment property for someone looking to use when visiting and lease out when not here. I bet my Canadian friends at Harcourts Vancouver may be able to come up with a snowbird buyer or two looking to escape the upcoming winter.

Uraku Tower 6A

2. Uraku Tower 6A (MLS # 201712358) for $573,000

Situated right next to Ala Moana Shopping Center, this one is a steal for a 2 bed, 2 bath in the area. Since it's on the 6th floor, it's priced at roughly half of what units go for on the higher floors. There's 2 covered parking stalls, in a secure building, with pool, spa, sauna, weekly maid service and 50 limousine uses per year, these amenities are hard to beat!

Waikiki Landmark #2006

3. Waikiki Landmark #2006 (MLS # 201722209) for $800,000

The Waikiki Landmark is an iconic building on the corner of Ala Blvd and McCully. It's also a secure building with 2 covered parking stalls and the unit has Mountain, Canal and some ocean views off its two lanais on the eastern (cooler) side of the building.

3 More Deals in the Mountains and at Sea

For those that have a little more $ to spend and are looking for some privacy, here's 3 more deals on Tantalus and Turtle Bay to relax and get away from it all...

 3953 Round Top Drive

3953 Round Top Drive (MLS # 201706400) for $1,300,000

This is a vacant parcel secluded in the hills (my kind of land) with great views of Manoa, Diamond Head and sunsets out west.

3959 Round Top Drive

2. 3959 Round Top Drive (MLS # 201706393) for $2,450,000

This property is adjacent to 3953 Round Top and is sold as a package of 4 parcels with a home and cottage included. Built in 1918, there's lots of history here.... almost as much history as I can recall (yes - The Wolverine isn't a spring chicken).

Ocean Villas 219 Turtle Bay View

3. Ocean Villas at Turtle Bay #219 (MLS # 201713714) for $2,600,000

This one's a beauty that's located in the Turtle Bay resort on the North Shore. Having something on the water with access to world class amenities in the resort (horseback riding, tennis, golf and more) and great restaurants, this one is hard to beat. Not only have super heroes fallen over this one, so have some celebrities... members of the Beatles, U2, Sean Penn and Kelly Slater have all stayed in this unit... Did I mention the Seller is also offering financing?

Enjoy Your Halloween

I hope you found some value out of some of these great deals and wishing you all a Happy Halloween from Honolulu!

Oct. 22, 2017

Preis Mid Century Home on Melemele in Manoa

Earlier this year I wrote an article on an Alfred Preis home on Woodlawn Drive. Prior to that, it was roughly 1.5 years since a Preis Home hit the market

Alfred Preis home at 3206 Melemele Place

Alfred Preis home (MLS # 201722271) at 3206 Melemele Place

Melemele Place is a street in Manoa where you can see a number of his works. What's nice about this one is the sheer size of the lot - 16,555 sq. ft. according to tax records. 

 Alfred Preis Homes on Melemele Place

Driveway at 3206 Melemele Place3206 Melemele Mid Century Home and Back Yard

Expansive lot featuring driveway, lush views and level yard out the back

This home also has a nice feel of "bringing the outside in" with lots of fixed pane windows.

Preis Melemele Windows

Melemele living areaPreis Blue Living Room

Living area with hardwood floors bringing the outside in with large windows

The home also featured Alfred Preis' signature use of custom hardwood cabinetry, hard color surfaces (often turquoise or teal) on countertops and backslashes for color contrast. He also used ventilation pukas (holes) in pantry cabinets as well as bathroom cabinets for a built-in laundry hamper.

Melemele Kitchen by Alfred Preis

Melemele kitchen sinkMelemele Breakfast Nook

Hardwood built-ins, color contrasts and ventilation were some signature features

We feel blessed to live in one of these homes designed by Alfred Preis. If you're interested in this or other mid century modern homes on Oahu, feel free to contact me for more information.

Oct. 21, 2017

Median Condo Price on Oahu ties Record Price of $425,000 in September

The median sales price of a condo on Oahu last month tied the previous record of $425,000 that was set in July.

September, 2017 Oahu Real Estate Stats

 

Condo Stats

Hale Pua Lei Condo in Diamond Head for $425,000

Hale Pua Lei condo (MLS # 201717956) in Diamond Head listed @ September's median of $425k

Sales volume was also up 2.7% from last year with 526 condo transactions taking place on the island. Sellers were not only happy with the their gains, they were also getting properties sold with a median days on market of just 19 days.

Single Family Home Stats

Hoakalei Ka Makana home for $760,000

This Hoakalei Ka Makana home (MLS # 201722272) is available for $760,000

Although the single family home price didn't set a new record last month, sales volume took a huge jump with a 13.7% increase from last year to see 374 homes transact for the month. It was also great for Sellers with the median days on market at just 14 days (which tied the lowest we've seen in 3 other months this year so far)!

Local Market Updates

As always, real estate is local and here's what neighborhoods were hot for buyers and sellers in the month of September:

Neighborhoods “Hot” for Sellers

  • Home sales in Aina Haina-Kuliouou were up 133%
  • Home prices in Aina Haina-Kuliouou were up 42%
  • Condo sales on the Windward Coast were up 150%
  • Condo prices in Ala Moana-Kakaako were up 93%

Neighborhoods “Hot” for Buyers

  • Home sales in Hawaii Kai were down 42%
  • Home prices in Kalihi-Palama were down 13%
  • Condo sales in Wahiawa were down 33%
  • Condo prices in Kalihi-Palama were down 33%

What’s Happening in Your Neighborhood?

Please consider these are broad overviews for regions on Oahu. To find out what is happening in your specific neighborhood (or street for that matter), feel free to contact me for more information.

Sept. 30, 2017

Historic Ossipoff Home for Sale on Makiki Heights

This summer I wrote an article on a really cool mid century modern home on Makiki Heights. I never would have guessed another would be hitting the market so soon (since they're so rare), especially one designed by Vladimir Ossipoff on the Historic Registry.

Loo Ossipoff Home on Makiki Heights

Ossipoff home (MLS # 201718336) on the Historic Registry

The Setting

Built in 1953, this is the first time it's been available for sale. Like a lot of Ossipoff's works, they were set in some incredible backdrops. As you can imagine, when he was designing homes in the 50's, land was not as scarce as it is today and those that had the means to acquire a nice lot at the time could also afford to have one of Oahu's finest architects come in to make something really spectacular.

Kolonahe Ossipoff Home

Kolonahe Pool and Diamond Head ViewsKolonahe Back Yard

Imagine being on this setting with Diamond Head and Honolulu as your backdrop....

In this day and age, it's difficult to find an available parcel to build on with such a nice view! I do however have a lisitng further up the hill on Tantalus available for $1.3 million.

The House

Ossipoff Kolonahe Living Room

Ossipoff Kolonahe Master BedroomKolonahe Master Bed 2

Living room and master bedroom with Ossipoff's signature modern lines

Although I'm not fond of the kitchen and bathroom remodels (they deviated from either the mid-century or current modern feel in my opinion), the main living area and bedrooms kept true to Ossipoff's signature modern lines. He also integrated some stone wall features in the living room and planter here which remind my of some of Frank Lloyd Wright's works. 

Planter in Makiki Ossipoff home

Sand stone in planter used by other mid century greats

In addition to the use of stone and that narrow CMU brick (seen in the photo above to the left) that was prevalent in the 50's here in Hawaii, the home also has lots of hard wood built-ins and for storage.

Ossipoff shoji doors in MakikiOssipoff built-ins in Makiki home

Built-in storage and use of shoji doors for closets

The home also has several shoji doors that reflect Ossipoff's Japanese influence from the time he lived in Japan. Also, notice the way the windows frame in nature to bring the outside - in.

Historic Registry

In addition to the location, views and incredible architecture, one of the added bonuses is this home is on the Historic Registry. What this equates to is a HUGE savings in property taxes - which are currently only $300/year!

Ossipoff Historic Home on Makiki Heights

Historic Registry placard fronting the home

This is one of the added perks of owning a Historic Home. I sold one last year - the Marks Estate in Nuuanu and the owner had the same tax break of only $300/year. If you're interested in learning more about buying or selling either a Historic or Mid Century Modern home on Oahu, feel free to contact me for more information.

Sept. 23, 2017

Condo Resales on Oahu Jump 19.5% in August

The condo sales on Oahu finished strong this summer hitting a new record of 575 sales - which was a 19.5% increase from August of 2016.

August, 2017 Real Estate Statistics on Oahu

 

Condo Stats

Commodore Condo in Hawaii Kai

This Commodore condo (MLS # 201718608) in Hawaii Kai is listed for August's median of $419k

In addition to the surge in sales, the median sales sale price was up 5.3% from last year to finish at $419,000. Although not as high as July's record of $425,000 it's still a healthy gain year over year. It was also a great month for Sellers with just 18 days on market.

Single Family Home Stats

Waialua home on the North Shore for $785k

Waialua home (MLS # 201711838) on the North Shore just under August's median price for $786,250

The median home price also took a nice uptick of 5.2% and for both median price and number of sales compared to last year. Buyers also were snatching them up fast with just 16 days on market!

Local Market Updates

As always, real estate is local and here's what neighborhoods were hot for buyers and sellers in the month of August:

Neighborhoods “Hot” for Sellers

  • Home sales in Wahiawa were up 150%
  • Home prices on the North Shore were up 97%
  • Condo sales on the Windward Coast were up 200%
  • Condo prices in Kapahulu-Diamond Head were up 104%

Neighborhoods “Hot” for Buyers

  • Home sales in Makiki-Moiliili were down 38%
  • Home prices on the Windward Coast were down 21%
  • Condo sales on the North Shore were down 29%
  • Condo prices in Kailua-Waimanalo were down 22%

What’s Happening in Your Neighborhood?

Please consider these are broad overviews for regions on Oahu. To find out what is happening in your specific neighborhood (or street for that matter), feel free to contact me for more information.

Sept. 22, 2017

Harcourts Auctions Now Available for Sellers in Hawaii

When I joined Harcourts a little over a year ago, one of the exciting lures was the ability to offer Auctions as a tool to Sellers in selling their property. Fast forward a year, and that time has come.  We're officially up and rolling and can list property via auction here in Hawaii.

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Discussing Auctions with Rob Forde, Regional Director of Harcourts Pacific

Harcourts has a long successful track record of selling property via via auction dating back to 1888. In New Zealand and Australia roughly half of all properties are sold via auction (the majority of which are non-distressed). Just a few years ago, Harcourts USA introduced auctions to the market in Southern California. Since then, they've had an incredible track record.

Here's a video with Harcourts Auctions Auctioneer Ben Brady explaining the process for Sellers:

To learn more about Selling by Auction, feel free to visit our Harcourts Auctions Website or contact me for more information. We're really excited about this new tool to introduce to the marketplace.

Aug. 18, 2017

Median Condo Price Hits New Record of $425,000 on Oahu

The median condo price on Oahu hit a new record high of $425,000 in July. This was a 6.3% increase from July of 2016.

July 2017 Market Stats

Condo Stats

Viewpointe at Waikele Condo

This Viewpoint at Waikele condo (MLS # 201713168) is listed for July's median of $425k

The $425,000 meidan also surpassed the previous high of $415,500 that was set in April. It continues to be a Seller's market with condos selling with a median of just 14 days on market! Sales volume also increased with a 7% bump in number of sales (444 to 475 on Oahu).

Single Family Home Stats

Aiea Heights home for $750,000

This Aiea Heights home (MLS # 201715445) is available for July's median of $750,000

July was also another great month for home sellers on Oahu. Although the median price was $45,000 off June's record of $795,000, homes were also moving briskly with just 20 days on market. There's definitely still a shortage of inventory and based on what I've been seeing in the field, I won't be surprised to see the median price ticking closer to $800k again at some point this year.

Local Market Updates

As always, real estate is local and here's what neighborhoods were hot for buyers and sellers in the month of July:

Neighborhoods “Hot” for Sellers

  • Home sales in Aina Haina-Kuliouou were up 133%
  • Home prices on the Windward Coast were up 29%
  • Condo sales in Makaha-Nanakuli were up 88%
  • Condo prices in Wahiawa were up 140%

Neighborhoods “Hot” for Buyers

  • Home sales in Kailua-Waimanalo were down 36%
  • Home prices in Aina Haina-Kuliouou and Downtown-Nuuanu were down 42%
  • Condo sales on the North Shore were down 67%
  • Condo prices in the Ewa Plain were down 20%

What’s Happening in Your Neighborhood?

Please consider these are broad overviews for regions on Oahu. To find out what is happening in your specific neighborhood (or street for that matter), feel free to contact me for more information.

Aug. 4, 2017

Looking Back: My 1st Year with Harcourts Island Properties

This summer I celebrated making my first year with Harcourts Island Properties and what a year it's been... Here's a recap of the year in review.

Summer 2016

Serge and SallyDavid and Harcourts at Kahala Mall

David joins Sally and Serge at Harcourts Island Properties. Kahala Mall Ad Rebrand.

I decided to join Harcourts Island Properties to team up with Serge Krivatsy and Sally Royer after 7 years with my previous firm and 16 years in real estate. Having known Serge for years (on a personal and professional level) he introduced me to the Harcourts history and international exposure it could bring to my clients. It has been my best career move to date.

October 2016

Marks Estate Sale

Closed on the storied Marks Estate in Nuuanu

I had the pleasure of representing JP Morgan Chase Bank in their disposition of the Marks Estate in Nuuanu. It was a Historic Property that sat on 4.7 acres in Honolulu.

November 2016

Harcourts Pacific 2016 3rd Quarter Awards

Ranked 16th for Harcourts Pacific Region 3rd Quarter

Quite to my surprise, I ended up ranking in the top 20 for Harcourts Pacific Region for the quarter. This includes California, Hawaii and Nevada. Mahalo to all my loyal clients for making this possible!

December 2016

David's 2016 Sales

Thanks to my clients, I had a great year with 25 closed sales

I finished off my best year after 16 years in the business. The 2nd half of the year finished strong with nearly $17 million (almost double the 1st half) in closed volume.

January 2017

Harcourts Insider CoverDavid in Harcourts Insider Magazine

Featured in Harcourts International Inside Magazine Publication

I had the honor of being featured in Harcourts Inside, which is Harcourts International publication that goes out to all their offices and agents in the network that spans over 830 offices in 10 countries.

February 2017

Harcourts RotoruaHarcourts TaupoHarcourts Wellington

Visited Harcourts offices in Rotorua, Lake Taupo and Wellington, NZ

I made a trip to New Zealand to see where it all began for Harcourts. We traveled from Auckland in the North down to Wellington in the south of the North Island and stopped at several offices along the way. The brand exposure is huge overseas and I look forward to new growth in Hawaii on top of continued growth within the United States.

Harcourts Annual Conference 2017Harcourts Advantage Office Visit

Harcourts Annual Conference and Awards and Harcourts Office visit in Carlsbad, CA

Later that month, Serge and I traveled to California to attend the annual conference where we met up with Sally. We had some great training, meetings and networking with other Harcourts agents and owners.

Mary 2017

Harcourts Kapahulu Office

We moved offices from Kaimuki to Hee Hing Plaza on Kapahulu Ave.

After a short stint in Kaimuki, we found a better home with more street exposure on Kapahulu Ave. just on the outskirts of Diamond Head and Waikiki.

June 2017

David Buck Top 100 Realtor Hawaii

Awarded Hawaii Business Magazine's Top 100 Realtors in Hawaii for 2016

I was honored to be one of the Top 100 Realtors in the state of Hawaii recognized by Hawaii Business Magazine.

July 2017

Harcourts Pacific 2nd Quarter 2017

Finished 7th Overall for Harcourts Pacific Region in 2nd Quarter

I ended up ranking 7th overall for the Harcourts Pacific Region of California, Hawaii and Nevada.

It's been an incredible journey so far and I look forward to success in helping more people achieve their real estate dreams in years ahead with this great company.