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One third of Oahu homes sold for more than asking price in 2013

February 1, 2014 By idx guys Leave a Comment

Jan 21, 2014, 1:42pm HST
Bill Cresenzo Reporter – Pacific Business News

One-third of single-family homes on Oahu sold for above their asking prices in 2013, setting a record for the island, according to a report.

The previous record was set in 2005, when bid-ups stood at 23 percent.

Around 20 percent of condominiums sold for prices higher than their listing prices.

For example, a home in Diamond Head sold for $2.51 million, when the asking price was $1.98 million. A condo in Waikiki’s Island Colony sold for $244,000 when the asking price was $199,000.

“Homes that sell for more than the listing price, or bid-ups, are the surest indicator that prices will continue to rise.”

The Honolulu Board of Realtors reported earlier this month that the median price of single-family home hit $685,000 in December, which tied with the record set in June 2007.

Filed Under: Featured Blog, Honolulu Board of Realtors, Honolulu Board of Realtors Market Reports, Oahu home sales, Oahu Island, Oahu real estate, Oahu real estate sales, Pacific Business News Tagged With: market reports, market updates

Castle & Cooke’s new Ho’onani neighborhood

January 23, 2014 By idx guys Leave a Comment

If you’re looking to buy a brand new home in historic Ewa Villages, now is the perfect time. Castle & Cooke’s new Ho’onani neighborhood offers brand new, single family homes starting from just $580,000 fee simple. Plus, if you act quickly, you can take advantage of the following special incentives available for a limited time.

EwaHo’onani Special Incentives
– $5,000 Pre-construction Design Center Credit*
– 2% Closing Cost Credit**

Overlooking the Ewa Villages Golf Course, the homes of Ho’onani are minutes from the Laulani Village Shopping Center, Ewa’s newest big-box retail hotspot, as well as the state-of-the-art lifestyle facilities at the Kroc Center, which feature a water park; a center for health, wellness and athletics; an art studio; and a five-hundred-seat performance center.

Yet Ho’onani is a world apart. Drive home past the colorful cottages and friendly smiles of the old plantation days, under a canopy of trees that have shaded generations.

Choose from seven floor plans. Find the one that’s right for your family, and come home to the best of both worlds, old and new.

Like the hala tree, this classic three-bedroom, two-bath home has its roots firmly anchored in Hawai'i. Built on a single level, the Hala model boasts long interior view planes that evoke a feeling of days gone by-while incorporating contemporary layout features such as separate family and living areas, and a master bedroom with walk-in closet.

Like the hala tree, this classic three-bedroom, two-bath home has its roots firmly anchored in Hawai’i. Built on a single level, the Hala model boasts long interior view planes that evoke a feeling of days gone by-while incorporating contemporary layout features such as separate family and living areas, and a master bedroom with walk-in closet. Three Bedroom, Two Bath
Single Floor – 1,481 sq. ft.
Covered Lanai – 93 sq. ft.
Garage – 404 sq. ft.
Covered Entry – 28 sq. ft.
Total – 2,006 sq. ft.
Total Living Area – 1,481 sq. ft.

Ho’onani – Features & Options

Included Features — Exterior

Central Air-Conditioning System
HardiePanel® and HardiePlank® Siding
Asphalt Roofing Shingles (30-Year Manufacturer’s Warranty)
Tankless Gas Water Heating System
Covered Entryway
Covered Lanai
Double glazed vinyl sliding glass doors and windows with mesh screens
Low E Windows
R-30 Insulation at Roof
R-13 Insulation at exterior walls and wall between garage and house
Garage Door with Glazing, (2) infrared remote controls
Vinyl Fence and Gate
USPS Approved Cluster Box Units for mail delivery

Included Features — Interior

Kohler plumbing fixtures
Free standing gas range with self-cleaning oven
Ductless range hood
1/2-horsepower garbage disposal
Built-in automatic dishwasher
Corian® kitchen counter tops
Cultured Marble Bathroom Countertops with Integrated Bowl
Master bedroom walk-in closet for most models
Mirrored wardrobe doors
Wire shelving in wardrobe closets
Wall-to-wall carpet except at kitchen, baths, and front entry

Options — Interior

Refrigerators
Over-the-range microwave oven/hood combination
Washer and/or Dryer
Kitchen cabinet and counter top upgrades
Pull-out faucet at kitchen and kitchen sink upgrades
Bathroom countertop upgrades
Front door upgrades
Garage door upgrades
Extensive flooring choices
Security system upgrades

This artistic rendering may assist the public in visualizing the homes; however, may not accurately depict homes when built. The developer, its agents, associate companies and suppliers reserve the right to modify plans, specifications and features without prior notice.

 

Filed Under: EWA, Ewa, Ewa Beach, EWA BEACH, Featured Blog, New Homes Tagged With: new construction

Honolulu Realtors wish for low interest rates and higher inventory

January 14, 2014 By idx guys Leave a Comment

Jan 14, 2014, 2:47pm HST
Bill Cresenzo Reporter – Pacific Business News

Julie Meier, the president of the Honolulu Board of Realtors, said she doesn’t like making predictions about how the real estate market will fare on Oahu in 2014.

Last week, the board announced that the median price for a single family home hit $685,000 in December. The last time the island saw prices that high was in June 2007. That figure is also $85,000, or about 14 percent, higher than the median price of a single-family home just a year ago.

Interest rates are now ranging from around 2.25 percent to 4.5 percent, which is a good thing.

But inventory on Oahu remains low, which is not a good thing. Right now, there is around 2.7 months’ worth of inventory of single-family homes and around 2.6 months’ worth of condo inventory, Meier said.
“It’s a good time to bring your house on the market,” Meier said.

There were 283 single family homes sold during the month of December, compared to 291 in 2012, a 2.7 percent decrease. The median price of a condo on Oahu was $330,000, a 1.5 percent decrease from 2012, when a condo sold for 330,000. There were 390 condos sold in December 2013, a 2.7-percent decrease from the 401 units sold in 2012.

Meier said homes in the $1.1 million to $1.9 million range are moving the fastest into escrow and the lack of inventory is felt most in the $475,000 and lower range.

“What we are really hoping for is new construction,” she said. “We are really watching for that.”

The board plans to release the full-year numbers for Honolulu later this month.

Filed Under: Featured Blog, HONOLULU, Honolulu Board of Realtors, Honolulu Board of Realtors Market Reports Tagged With: Honolulu Board of Realtors

Veterans Affairs cuts Honolulu VA mortgage guaranty for 2014 by 17%

January 12, 2014 By idx guys Leave a Comment

Jan 3, 2014, 2:40pm HST UPDATED: Jan 3, 2014, 4:32pm HST

Bill Cresenzo Reporter – Pacific Business News

The Department of Veterans Affairs has reduced its mortgage loan guaranty limit to $625,500 from $750,000 for veterans who want to buy a home in Honolulu in 2014, officials say.

The new limit would have negative ramifications for home buyers who are on the verge of signing a contract, but now can’t buy the houses they want, said Honolulu City Councilwoman Kymberly Marcos Pine.

Home-buying veterans may have to come up with larger down payments, said Anders Hostelley, president of Honolulu HomeLoans and a director with the Mortgage Bankers Association of Hawaii.

In fact, on Thursday, a Honolulu HomeLoans client backed out of a loan of around $500,000, Hostelley said, because he could not come up with the down payment because of the new cap.

Hostelley said the reduction is based on sales figures from the Federal Housing Administration.

The Department of Veterans Affairs couldn’t be reached for comment Friday.

The reduction brings Honolulu in line with the rest of the state, but Pine said Honolulu veterans face more housing stress because the median price of a single family home stood at $684,000 in November, a 6.9-percent increase over November 2012, according to figures from the Honolulu Board of Realtors.

Other states have much higher caps. The cap in New York City stands at $978,750. In some areas of California, the cap is as high as $1.05 million.

“The VA and lawmakers in Washington, D.C., should consider the impact these reductions will have on unique real estate markets such as Oahu and take into consideration variations in home prices, incomes and cost of living,” Pine said.

The VA guaranteed 5,292 loans in the state last year, Pine said

“This is an injustice to our military and veterans,” said Pine, who represents a large number of veterans and military personnel in her district.

Hostelley took a more pragmatic approach. He said that while he wished the Department of Veterans Affairs would raise the cap, Honolulu has “had a good run” with the $750,000 threshold.

Home buyers will have to adjust their expectations or produce more cash for a down payment, Hostelley said.

“If you’re not going to come up with the down payment, you’re not going to qualify,” he said.

 

Would you like a list of currently available VA MLS Listings ?
Contact is using the following e-mail form, or call 808 791 2923

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Filed Under: Featured Blog, VA Financing

How Tall Can a Honolulu Building Be? It Depends…

January 9, 2014 By idx guys Leave a Comment

Some people are nervously watching the skies, not for UFOs, but for very tall buildings. Gov. Neil Abercrombie’s announcement of a 650-foot high-rise for Kakaako last May, combined with plans for 20 high-rise condos to be built in Kakaako in coming years, has reignited concerns about building height limits. Even architects think the rules are unclear and some of them, as well as residents and legislators, worry that height limits aren’t consistently enforced.

Kakaako became HCDA’s first Community Development District when the Authority was formed, in 1976. ILLUSTRATION: GARY SAITO

Kakaako became HCDA’s first Community Development District when the Authority was formed, in 1976.
ILLUSTRATION: GARY SAITO

First off, while it’s commonly believed that the height limit is 400 feet, the reality is that there are as many as 10 to 15 height limits on Oahu, depending on the zoning for a given area, ranging from 25 feet in residential neighborhoods to 400 feet or more. But, explains architect Scott R. Wilson, chair of American Institute of Architects (AIA) Honolulu’s Regional and Urban Design Committee, zoning changes in a neighborhood can change height limits, and there are seven Special Design Districts on Oahu, each with its own height limits, resulting in a patchwork of plans.

One such district, Waikiki, even has a graduated set of limits, from 220 feet at the Diamond Head end to 350 feet at the Ala Moana end. The 350-foot limit is consistent with downtown Honolulu’s limit, though there are exceptions there, too, such as First Hawaiian Center, the Islands’ tallest building at 429 feet.

Why do height limits top out at about 350 to 400 feet? “City planners wanted to ensure that Diamond Head was not hidden or overwhelmed by buildings,” explains Wilson. “So they chose a height limit that was just under half its (roughly) 800-foot height.”

The City and County of Honolulu sets height limits everywhere on Oahu except in fast-growing Kakaako, where the state’s Hawaii Community Development Authority (HCDA) has the final say on zoning and height limits. The HCDA has an ambitious, pedestrian- and transit-friendly urban plan with height and setback limits, but residents are concerned the HCDA is too willing to grant developers variances to exceed those limits.

“Our residents support redevelopment and modernization, but they don’t want a concrete jungle, like Makiki or Waikiki,” says Rep. Scott Saiki. He worries about variances, 650-foot towers and what he feels is unresponsiveness to the Legislature on the part of HCDA. “With the public scrutiny [about height and density issues] and growing concern at the Legislature about the autonomy of the HCDA, we will take a hard look at the statutory framework of the HCDA in the January session.”

HCDA executive director Anthony Ching says the rules in Kakaako are straightforward: an overall height limit of 400 feet (plus another 18 feet for machinery). Any developer who wants to exceed that has to meet three criteria—at least 75 percent of the units must be priced as affordable workforce housing, the building must receive no government subsidies and the maximum unit size must be 1,100 square feet for a three-bedroom—before he or she can ask for a height variance.

Even then, “it doesn’t mean they’ll automatically get the variance,” says Ching. As for the three possible 650-foot towers, he says rules will be set by this summer, after the environmental impact statement is reviewed. “To build to that height, the project must offer an exemplary public benefit,” says Ching, “and the rules will include public input on the project.”

(Disclosure: Napier served as a volunteer public member of the AIA Honolulu board during his production of this piece, but it does not reflect any board stance on building heights.)

http://www.honolulumagazine.com/Honolulu-Magazine/January-2014/How-Tall-Can-a-Honolulu-Building-Be-It-Depends/

Filed Under: Featured Blog, HONOLULU, WAIKIKI Tagged With: Hawaii Community Development Authority

Luxury homes on Oahu priced between $1M and $3M see strong Q3 sales

January 8, 2014 By idx guys Leave a Comment

Luxury homes on Oahu priced between $1M and $3M see strong Q3 sales
Oahu’s luxury home market experienced strong sales of single-family homes priced between $1 million and $3 million.

Sales of homes priced $1 million to $2 million increased nearly 50 percent from July through September, compared to the third quarter of 2012. Year-to-date, 330 homes were sold in this price range through the end of September, which was nearly double the number sold in all of 2012, the report said.

Additionally, the number of homes priced between $2 million and $3 million sold during the quarter rose 33 percent compared to the same time period last year. Year-to-date sales in this price range were about 70 percent of 2012 sales.

Even some higher price ranges performed well, according to the report, which pointed out that the $5 million-and-above range saw sales rise 10 percent above 2012 levels.

Meantime, sales of condominiums in the $800,000 to $1 million range were 78 percent higher in the third quarter than during the same time period last year, and have already exceeded the number of sales in 2012 by 12 percent.

The number of condos sold for more than $1 million was 62 percent higher when comparing year-over-year totals, surpassing overall 2012 sales by 4 percent.

In terms of foreign real estate investment on Oahu so far this year, Japan remained in the top spot for both the $1 million to $2 million segment, and the $2 million-and-above price range with triple the number of homes sold as well as triple the dollar value of sales of other countries on the top four list combined, the report said.

Brazil made the list for the first time in the $1 million to $2 million category. In the $2 million-and-above segment, Hong Kong came in second with two homes sold and China joined the list for the first time since 2010.

“The second-home market on Oahu has returned, as evidenced by increased sales activity, particularly among single-family homes priced between $2 million and $3 million as well as the many new luxury condo units that are sold out,” Kahala Associates Broker-Owner Myra Brandt said in a statement. “We have seen stable demand and a declining inventory for single-family homes and condos, resulting in stiff competition and sometimes multiple offers. This puts pressure on home values, and it has been forecast that the median single-family home price is heading toward the $1 million range.”

But not all luxury market price ranges fared well in the third quarter, the number of sales in the $3 million to $5 million range declined by 10 percent, when comparing year-over-year numbers.

 

Luxury_Oahu_Estates_$2M -_$3M

Luxury_Oahu_Estates_$3M -_$4M

Luxury_Oahu_Estates_$4M -_$5M

Luxury_Oahu_Estates_$5M -_$6M

Luxury_Oahu_Estates_$6M -_$8M

Luxury_Oahu_Estates_$8M – 10M

Luxury_Oahu_Honolulu_Condos

Filed Under: Featured Blog, Luxury Condos for sale, Luxury real estate, luxury real estate Oahu Tagged With: Celebrity home, Celebrity Homes, luxury, Luxury Estate, Luxury Estate Honolulu, Luxury Estate Maui, Luxury Experiences, Luxury Experiences Honolulu, Luxury Experiences Maui, Luxury Home, Luxury Home Honolulu, Luxury Home Maui, Luxury Homes, Luxury Homes Honolulu, Luxury Homes Maui, Luxury Honolulu, Luxury Living, Luxury Mansion, Luxury Maui, luxury real estate, Luxury Resort, Luxury Retreat, Luxury Retreats, Luxury spa, Luxury Travel, Luxury Vacation, Luxury Vacations, Luxury Villa, Luxury Villa Honolulu, Luxury Villa Maui, LuxuryHomes, LuxuryHomes.com, Mansion, Mansion Honolulu, Mansion Maui, Million Dollar Estates, Million Dollar Estates Honolulu, Million Dollar Estates Maui, Million Dollar Home, Million Dollar Home Honolulu, Million Dollar Home Maui, Most expensive, Most expensive Honolulu, Most expensive Maui, Ocean View Honolulu, Ocean View Maui, Penthouse Celebrity home, Penthouse Honolulu, Penthouse Maui Celebrity home

Oahu single-family home price in December ties previous record

January 7, 2014 By idx guys Leave a Comment

Bill Cresenzo Reporter – Pacific Business News

The median price of a single-family home on Oahu in December tied the previous record of $685,000 set in 2007, according to data from the Honolulu Board of Realtors.

The median price of a single-family home on Oahu in December tied the previous record of $685,000 set in 2007, according to data from the Honolulu Board of Realtors.

The median price of a single-family home in Honolulu in December tied its previous record of $685,000 set in July 2007, according to figures released Tuesday by the Honolulu Board of Realtors.

The figure represents a 14.2-percent increase from the $600,000 median price tag that home buyers paid in December 2012.

December also saw a dip in sales to 293 single-family homes sold, from 291 in December 2012.

“That is pretty typical for this time of the year,” said Julie Meier, president of the board of realtors. “We want to keep our eyes on the median sales price, especially for single-family homes, given that this month’s medianprice ties the market’s highest peak at $685,000.”

The median price of a condominium was $330,000, a 1.5 percent decline from $335,000 during the same month last year.

Single family homes, on average, were on the market for 22 days, while condos were on the market for 27 days.

For all of 2013, condo sales increased 11.8 percent to 4,874 units sold, from 4,361 units sold during all of 2012. The median price of a condo rose 4.6 percent to $332,000 in 2013 from $317,500 in 2012.

The median price of a single-family home for all of 2013 rose 4.8 percent in 2013 to $650,000 from $620,000 in 2012. Sales of single-family homes rose 4.6 percent to 3,312 homes sold, from 3,166 homes sold in 2012.

Filed Under: Featured Blog, Honolulu Board of Realtors, Honolulu Board of Realtors Market Reports, Oahu home sales, Oahu real estate, Oahu real estate sales Tagged With: Honolulu Board of Realtors, Honolulu Board of Realtors press release, Oahu market update

22 Amazing Hidden Gems To Uncover In Hawaii

January 5, 2014 By idx guys Leave a Comment

1. The Surfboard Fence

The Surfboard Fence

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Flickr: kw_traveller

Why It’s Awesome: Donald Dettloff’s surfboard fence started in 1990 when he heard a hurricane was approaching and wired his boards together to keep them from blowing away. Instead of taking it down when the weather had cleared, he decided to keep it up and continue adding boards. Now he has 647 different surfboards, displayed around his property in Haiku, Maui, which earned him a Guinness World Record for the largest collection of surfboards.
Accessibility: The fence is on Kaupakalua Road and can’t be missed.

2. Moiliili Underground Caves

Moiliili Underground Caves

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alohafrom808.com

Why It’s Awesome: The neighborhood of Moiliili, Oahu, sits over cavernous limestone caves, which are said to be dark, cramped, and filled with water. The limestone base was formed from an old coral reef, and rainwater caused it to erode creating caves.
Accessibility: The caves are accessible, but good luck getting anyone to tell you where there’s an entrance. Additionally, the quality of the air and water in the caves is poor and possibly hazardous.

3. Redwood Trail

Redwood Trail

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Flickr: tslaks82

Why It’s Awesome: Over the course of three decades beginning in 1927, the USDA Forest Service planted 130,000 redwood trees across the Hawaiian Islands. The trees were planted to reestablish watershed ruined from logging in the 1800s, and were used before native conservation was prioritized. Even though the trees are not as tall as those in California, their growth in the warm climate, cool mists, and high elevations of the islands is still awe-inspiring.
Accessibility: Redwood Trail is accessed from Maui’s Polipoli Spring State Recreation Area.

4. Sanju Pagoda

flickr.com

 

 

Flickr: jenniferboyer

 

Why It’s Awesome: Built in 1966, the 119-foot pagoda at Honolulu Memorial Park on Oahu is a replica of a temple in Japan. It is said to be the largest pagoda in the U.S.
Accessibility: The pagoda once housed urns, but it is now crumbling and has been closed due to safety concerns, although it can still be viewed from the outside.

5. The Wallaby Colony

The Wallaby Colony

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edenwithin/edenwithin

Why It’s Awesome: In 1916, two brush-tailed rock-wallabies escaped from a private zoo, after being attacked by dogs. The male and female wallaby went into Kalihi Valley, where nature took its course, and now it is believed a community of wallabies lives there.
Accessibility: No one really knows how many wallabies live in Kalihi, since they are very rarely seen, but every few years someone captures one of them on film.

6. Red Hill

imagesdesavions.com

 

 

imagesdesavions.com

 

 

imagesdesavions.com 

Why It’s Awesome: Inside Red Hill, and 450 feet underground, runs a train that services 20 massive fuel tanks that were built to be safe from attack during the World War II era. It’s one of Hawaii’s most amazing engineering feats and was placed alongside the Eiffel Tower, Hoover Dam, and Panama Canal as a historic landmark. It is still used by the Navy, and fuel flows directly from the facility through a three-mile tunnel to Pearl Harbor.
Accessibility: It was top secret until the 1990s when it was declassified. After the Sept. 11 attacks, tightened security made Red Hill off limits to the general public.

7. Kapiolani Community College Cactus Garden

 

Kapiolani Community College Cactus Garden

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Michelle Broder Van Dyke

Why It’s Awesome: This cactus garden is a labor of love, founded by Moriso Teraoka in 1988, who ordered the plants from catalogs and later donated them to the school on Oahu. Now in his eighties, Teraoka still maintains the garden with the help of volunteers.
Accessibility: The garden is located on Kapiolani Community College’s campus near Diamond Head and is free to view.

8. Koloa Sugar Mill

 

Koloa Sugar Mill

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Flickr: larrymyhre

Why It’s Awesome: Founded in 1835, this sugar mill on Kauai was used during Hawaii’s plantation era, when much of the islands were owned by the five big pineapple and sugar corporations. The mill operated for 161 years before it shut its doors in 1996.
Accessibility: The sugar mill is protected by an enclosed fence, but its rusted shell can still be viewed from afar.

9. Big Island Bees

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Why It’s Awesome: Garnett Puett became famous in New York for his beehive sculptures, which are now included in the Hirshhorn Museum and Sculpture Garden in Washington, D.C., before moving to the Big Island to start his bee farm.
Accessibility: Big Island Bees in the Kailua-Kona area includes a free museum on the history of beekeeping and honey tasting.

10. David Hockney’s L’Enfant et les sortilèges

David Hockney's L'Enfant et les sortilèges

View this image ›

honolulumuseum.org

Why It’s Awesome: The Honolulu Museum of Art’s second location, Spalding House, sits on the hillside of Oahu’s Makiki Heights and overlooks the city. It features a site-specific installation by David Hockney called L’Enfant et les sortilèges with backdrops and props inspired by Maurice Ravel’s children opera of the same name. The immersive space simulates an eerie and magical place from another world.
Accessibility: The museum is easily reached from Honolulu, and admission costs $10 for adults.

11. Pu’u o Mahuka Heiau

Michelle Broder Van Dyke

Michelle Broder Van Dyke

Why It’s Awesome: This heiau is the largest on the island and sits on a hillside overlooking Waimea Bay. It may have been constructed as early as the 1600s, and for the Hawaiians it served as a major focal point for social and political activity. During the late 1700s, when there was great upheaval, it is likely that humans were sacrificed at the temple, possibly for success in war.

Accessibility: The heiau is off of Pupukea Homestead Road and is free to the public during daylight hours.

12. Manoa Chinese Cemetery

Manoa Chinese Cemetery

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Flickr: frigginacky

Why It’s Awesome: This is the oldest and largest Chinese cemetery in the state. At the top of the cemetery is the Tomb of the Unknown Chinese Soldiers, where the remains of seven Chinese soldiers who died during World War II were buried in the 1940s after being shipped to Hawaii by accident.
Accessibility: The cemetery sits on a slope in the back of Manoa Valley, Oahu, which is easily accessed from Manoa Road.

13. The Liljestrand House

Michelle Broder Van Dyke

Michelle Broder Van Dyke 

Why It’s Awesome: This house built for Betty and Howard Liljestrand in 1952 on the side of Oahu’s Mount Tantalus was designed by Vladimir Ossipoff, who pioneered Hawaii’s mid-20th-century modern architecture. It is one of Ossipoff’s most spectacular homes, fitting in seamlessly with its unusual rainforest surroundings.
Accessibility: One of the Liljestrand’s children, Bob, hopes the residence will serve to inspire lovers of architecture and design and shows the house on request.

14. Kahumana Farm and Café

Why It’s Awesome: This farm, café, and temple is an organic gem that grows everything from papayas to daikon and is situated in the back of Oahu’s Waianae Valley. They also have an aquaponics garden, where fish poo is used to feed plants.
Accessibility: Visitors are welcome to check out the farm and eat at the café.

15. Kaahumanu Church

Kaahumanu Church

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Flickr: 47983324@N00

Why It’s Awesome: In Wailuku on Maui, this church is an important reminder of Hawaii’s missionary history. It was designed to resemble New England’s gothic architecture and was built with local materials on the grounds of a heiau in 1876. For many years, the clock on the steeple was central to Maui time and was even designated as the official town clock in 1964.
Accessibility: The building is deteriorating, but the church still serves a small congregation, who hope to restore it. Every Sunday, services are held and hymns are sung in Hawaiian.

16. Mu-Ryang-Sa Buddhist Temple

Michelle Broder Van Dyke

Michelle Broder Van Dyke

Why It’s Awesome: The temple’s name, Mu-Ryang-Sa, means “Broken Ridge Temple.” The construction of the first temple began in the 1980s, but the neighbors complained that the roof of the main hall exceeded city and county height limitation. The roof was eventually topped and construction was finally completed after 13 years. The colorful Buddhist temple is built in traditional Korean style with a gate featuring the Four Heavenly Kings, a bell tower, and a peace pagoda.

Accessibility: The temple sits in the back of Oahu’s Palolo Valley and welcomes visitors.

17. Niihau

Niihau

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Flickr: equiliberate

Why It’s Awesome: The so-called Forbidden Isle is owned by the Robinson family and is home to about 300 native Hawaiians, who live mostly a subsistence lifestyle and speak Hawaiian as their first language. There’s a church, playground, and school, and bicycles are the primary form of transportation. After the attack on Pearl Harbor, a lost Japanese pilot crashed on the island and was captured by locals and eventually killed.
Accessibility: This island can be seen by helicopter tour, but you will not be allowed into the town Puuwai — at least without special permission from the Robinson family.

18. The Vintage Cave

The Vintage Cave

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vintagecave.com

Why It’s Awesome: Headed by 29-year-old chef Chris Kajioka, the restaurant is said to source the most unusual ingredients found on the island as well as have the most spectacular wine cellar. Artworks by Pablo Picasso, Anton Molnar, Zhou Ling, and others valued at more than $1 billion hang from the brick walls of the dimly lit restaurant.
Accessibility: At $295 for a meal and with membership fees starting at $5,000, this is the most expensive and exclusive restaurant on Oahu. If you can afford it, the entrance to the restaurant is in Ala Moana Center mall.

19. Zoe The Golden Zebra

Three Ring Ranch

Three Ring Ranch

Why It’s Awesome: Zoe is a rare golden zebra with gold stripes, blonde hair, and blues eyes. She is not an albino, but her golden color is caused from amelanosis, which is characterized by a lack of pigmentation. The golden zebras are not known to survive in the wild, because they are targeted by predators for looking different, and Zoe is the only known golden zebra in captivity.

Accessibility: Zoe lives at the Three Ring Ranch Exotic Sanctuary on the Big Island, which does educational tours by appointment for small groups of six or more.

20. East-West Center

East-West Center

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Flickr: eastwestcenter

Why It’s Awesome: Designed by Architect I.M. Pei, this building on the University of Hawaii Manoa’s campus was designated by the U.S. Congress in 1960 for education and research related to strengthening relations with the Asia-Pacific region. President Barack Obama’s mother Ann Dunham studied at the East-West Center beginning in 1973, and former Secretary of State Hillary Clinton spoke here in 2010. It’s open design is stunning and features a tranquil zen garden in the back.
Accessibility:The East-West Center has an art gallery with changing exhibitions that welcomes visitors.

21. The Corsair Airplane Wreck

Flickr: maynard

 

Flickr: maynard

Why It’s Awesome: This plane has been underwater since 1946, when the pilot ditched it after engine problems during an exercise. The plane lies on the sandy floor about 100 feet deep, where it is guarded by eels and rays, and is still in good condition with the propeller standing tall and the cockpit seat still intact.

Accessibility: If you scuba dive, the wreck is accessible from Oahu’s Portlock.

22. Manoa Cliff Native Forest Restoration Project

Manoa Cliff Native Forest Restoration Project

View this image ›

Michelle Broder Van Dyke

Why It’s Awesome: A lot of plants that are common in Hawaii, like the plumeria and bird of paradise, are not native to the islands. The Manoa Cliff Restoration Project received a grant from the state in 2005 to promote native plant growth across a six-acre area that has been fenced off to keep wild pigs from destroying the land.
Accessibility: The conservation area can be accessed by a short hike. The group meets every Sunday to work on the area, and volunteers are welcomed.

Filed Under: Featured Blog, Oahu Communities

Oahu home prices fall short of record set in 2007

December 12, 2013 By idx guys Leave a Comment

Dec 9, 2013, 6:45am HST UPDATED: Dec 11, 2013, 10:27am HST

Staff – Pacific Business News

oahuislandblue-600The median price of a single-family home on Oahu rose nearly 7 percent in November, compared to a year ago, to $684,000, just $1,000 shy of the record price set six years ago, according to statistics from the Honolulu Board of Realtors.

The median price last month was 6.9 percent higher than the median price in November 2012, which was $640,000, and just below the record high of $685,000 set in July 2007. The median price in November was based on 296 sales, which was just 2.1 percent more than the 290 sales during the same month last year.

Condominium sales, meanwhile, rose 12.1 percent to 407 units sold in November, compared to 363 units sold during the same month last year. The median condo price nudged upward by just 1.5 percent to $330,000, from $325,000 last year.

Filed Under: Featured Blog, Honolulu Board of Realtors, Honolulu Board of Realtors Market Reports, Oahu real estate sales Tagged With: Honolulu Board of Realtors press release

Hawaii agency to decide on second condo tower at 801 South St.

December 6, 2013 By idx guys Leave a Comment

Dec 3, 2013, 6:54am HST

Duane Shimogawa Reporter – Pacific Business News

The Hawaii Community Development Authority expects to make a decision on Wednesday regarding a Honolulu developer’s plan to build a second residential tower in Kakaako with an accompanying 10-story parking garage on the site of the former Honolulu Advertiser building, the state said Monday.

The state agency that’s overseeing the redevelopment of Kakaako is holding a second public hearing on the permit application by Downtown Capital LLC, which is headed up by Hawaii developer Marshall Hung, on Wednesday at its office at 461 Cooke St., starting at 9 a.m.

The workforce housing condominium, which would include some 400 units, is part of the 801 South St. project, which includes a first phase of 635 units that have sold out.

Together, the two towers are expected to have a total of about just over 1,000 units.

The 801 South St. project is expected to cost $400 million to develop and will create 350 construction jobs.

The second building application will include a partial demolition of the back portion of the existing Honolulu Advertiser building, which was once used as a soundstage for the CBS crime drama “Hawaii Five-0.”

Filed Under: Featured Blog, Kakaako, KAKAAKO, New Condo Construction, New Condos for sale Tagged With: Kakaako, New Condos, new construction

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