Thursday, October 1, 2009

Master of Hawaii modern architecture- Ossipoff

Vladimir Ossipoff (1907–1998) won recognition as the “master of Hawaii modern architecture.”
Ossipoff's sub-tropical designs make use of Hawaii's climate and trade winds, his open-plan spaces, and inside-outside characteristics make use of the environment and he creates what's appropriate for a particular site.

Characteristically, Ossipoff homes are known for their strong roof lines, deep overhangs, dark woods, native stones and built-in cabinets and fixtures. He always took advantage of natural ventilation through huge sliding doors and windows that would open entire walls to the outside.

Famous private homes he designed include the Goodsill, Pauling and Liljestrand residences, as well as a Kahala home for the late Clare Boothe Luce that sold several years ago for $11.6 million. But in the 1940s and 1950s, Ossipoff also designed hundreds of simple yet stylish homes for middle-class families moving out to the growing East Honolulu suburbs.
People take great pride in having an Ossipoff home and any hint of Ossipoff's hand in a home is a selling point for Realtors. It’s been said that an Ossipoff home on the market has brought up to 15 percent more than a similar home.

The only Ossipoff home currently on the market is a 5 bedroom, 5.5 bath home built in 1995 and remodeled in 2009 on the slopes of Diamond Head listed at $5,200,000. To view this home or for more information on other Ossipoff designs contact Mandy Berner, RA 808-286-5845, mandyb@cbpacific.com.

The Blood, Sweat, & Beers (our flag football team) is now 0-2, but it's not because of a lack of heart. We will be working out some of the kinks tonight in practice and next Monday should be much better. Thank you to all who come out and support us.

Tuesday, September 29, 2009

Waikiki Banyan #1901


Popular condo conveniently located in Waikiki. Completely Fee Simple. End unit on the cooler side of the building. Beautifully remodeled and fully furnished. Resort style amenities including pool, hot tub, tennis/basketball courts, putting green, BBQ's and more. Make this home or rent short or long term. Listed at $399,000 FS.
Mandy Berner, RA
808-286-5845 (cell)

Tuesday, September 15, 2009

Waikiki Lifestyle


Popular 05 unit w/ unobstructed ocean views. Fully furnished unit w/ new carpet & paint. Building recently updated w/ new lobby, restaurants, shops, meeting room & pool deck with BBQ's. On site parking available for rent. Walking distance to world famous Waikiki Beach, Ala Moana Shopping Center & Convention Center. Convenient location for Waikiki living or great for short or long term rentals.
$99,999 Fee Simple
Mandy Berner, RA
(808) 286-5845 Cellular

Hawaii Real Estate News

There are three ways to determine if a property is a best buy:1.) Property that yields a positive cash flow with minimal down payment typical for the area.2.) Property asking price is substantially below like kind homes that have sold within the last six months.3.) Property that is a quality structure and highly sought after in neighborhoods where the inventory for sale is relatively nonexistent and are selling at or below market value.This week the focus will be on topic number 2.) Properties where the asking price is substantially below like homes that have sold within the last six months. According to the Honolulu Board of Realtors the average price of a single family home on Oahu has dropped 16.2%. While the average price for a condo on Oahu has dropped 11.1%. This means that condos that are in better than average condition and are selling below 11.1% may satisfy the best buy criteria. For example, take a condo, one bedroom, unit-3608, Villa on Eaton Square, 582 square feet. It sold for $330,000 in March of 2008, Compare that with unit-3607, Villa on Eaton Square, 681 square feet selling on the same floor today for $310,000. At first glance this only appears to be about a 6.5% drop in value, making it a so-so best buy. However upon closer examination when the difference in square footage is taken into account the picture improves dramatically. For example, the cost per square foot of the unit sold in the 2008 is $567.01. While the cost per square foot of the unit currently for sale is $455.21. This reflects a 24.6% drop in price over the one year period which now solidly meets the best buy criteria of being substantially below market value. There are not many units available for sale in this building and there is a strong possibility a value of this type will not last long. If you are interested in viewing this unit I can be reached on my cell 503 475 6872. Mahalo!
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Monday, September 14, 2009

Market At A Glance
In Search of Neighborhoods With Deals For BuyersAs the months of inventory continues to increase in various neighborhoods around the island, opportunities present themselves to Buyers looking for properties with Sellers who are MOTIVATED and willing to negotiate their sales price. In August, some of these neighborhoods were the following:SINGLE FAMILY HOMES:Neighborhoods: Months of Inventory Remaining:*Waipahu 10.1Waialea-Kahala 10.2Makakilo 12.0Ewa Plain 14.0Kaneohe 14.6Wahiawa 24.6CONDOMINIUMS:Neighborhoods: Months of Inventory Remaining:*Mililani 9.7Makaha-Nanakuli 11.2Kailua-Waimanalo 19.0Makakilo 21.2Downtown-Nuuanu 45.0Generally, when months of inventory increase to 9 months or more, Sellers tend to be more receptive to negotiating prices to sell their homes. This is especially true of homes in these neighborhoods with Days on Market in excess of 90 days.These Best Buys are available for Buyers who work with diligent ahd knowledgable Realtors. Email me for more info if you would like this kind of assistance.-Dwight Ellis, RA*Stats courtesy of Kalama Kim, AOM Waikiki CBPP
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Saturday, September 12, 2009

アロハ! Coldwell Banker Pacific Propertiesのブログページにようこそ。毎週、日本語でハワイの不動産専門家達によるコメントの要約を紹介します。是非、見てください。詳細を記載した英文コメント(下記)は、毎週更新されますので、お見逃しなく!(1) 今週の推薦する優良物件の紹介(Abron Toure)(2) ハワイの不動産市場動向に関する統計及び分析(Dwight Ellis)(3) 初めて住宅を購入される方へ(Tiare Dutcher)(4) 不動産融資に関する耳より情報(Linda Le)(5) ハワイの高級住宅情報(Mandy Berner)(6) 不動産投資情報(Rosemary Smith)今週の推薦する優良物件・Seaside Towers #907、 1部屋(コンド)、$295,000(FS)・Waikiki Banyan #2407、1部屋(コンド)、$258,000(FS)・47-125A Okana Rd, Kaneohe、3部屋(住宅)、$525,000(FS)*今週は、少ない頭金で最大の家賃収入を得る可能性のある優良物件をピックアップしました。詳細を知りたい方は、ご連絡ください。ハワイの不動産情報8月の住宅販売平均価格:$566,000(昨年8月:$635,000)8月のコンド販売平均価格:$290,000(昨年8月:$328,000)*ハワイの住宅の需要供給は現状、安定期に入っているものの、今後需要が高まり、今後価格が上昇する可能性があります。不動産購入希望者は、早めに行動に移すことが得策です。初めて住宅を購入される方へ米国政府は現在、初めて住宅を購入される方のために8,000ドルの税金還元プログラムを実施しています。しかし、これに応募するためには、12月1日までに住宅を購入する必要があり、期限までにもう60日間しかありません。契約手続きなどの期間を考慮すると、今月中に交渉に入る必要があります。もし、このプログラムを利用するつもりなら、急いで弊社にご連絡下さい。住宅融資情報ハワイは、他州に比べて高い住宅融資が受けられるのを知っていますか。カリフォルニア州では政府主導による住宅融資の最高額が$417,000であるのに対し、ハワイでは$625,000の融資が受けられます。その他にも、様々な融資の最高額がハワイでは高くなっています。詳細を知りたい人は、英文コメントページあるいはお問い合わせ下さい。ハワイの高級住宅ハワイの高級住宅マーケットは、2008年9月15日の米株式市場の大暴落以来、低迷を続けていました。しかしながら、株式市場の回復と共に、ハワイの高級住宅市場も活気を戻してきています。今月10日までに既に、先月8月の売買総件数と同じ数の250万ドル以上の不動産5件が売買契約交渉を開始しています。今年に入ってから、250万ドル以上の不動産物件は、12.1%価格が下がり、登録物件数も最低の水準になっています。活況を呈するのは、もう間近のようです。ハワイの不動産投資情報もし、フロリダあるいはカリフォルニアで不動産投資を考えているならば、ハワイでの不動産をまず考えてみてください。ハワイには、10万ドル以下のビーチに面した住宅あるいはホテルタイプのコンドがあり、抵当割れの物件も沢山あります。私たちは、ハワイで最大の個人あるいは銀行所有の不動産物件を扱っている会社です。今後も是非このブログに注目してください。以上についての詳細あるいは不動産に関する質問がありましたら、遠慮なくご連絡ください。不動産投資を通じて、ハワイでの生活をエンジョイしましょう!大畑 博史
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Investors Forum - You Too Can Own a Piece of Paradise!
You too can own a piece of paradise! Here are a few ways:Have a property in Florida, California or Nevada that you’re considering selling? Why not take advantage of the IRS tax code “1031” to purchase a piece of paradise as part of the exchange. There are excellent opportunities whether you are seeking a multi-million dollar beach front home or a condo hotel a.k.a. “condotel” for less than $100,000.If you are looking for a deal why not consider the 200 single family short sale homes ranging from as low as $100,000 to $1,967,000.In the market for a Waikiki 4,286 s.f. Penthouse that boasts a spacious lanai/balcony with ocean and mountain views. Well it’s a short sale listed at $2,900,000.Coldwell Banker Pacific Properties handles the largest number of REO, Bank Owned properties in the state of Hawaii. Tune in to this blog for a list of upcoming propertiesRosemary Smith, RA
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Friday, September 11, 2009

Luxury Market – A Glimpse of the Light at the End of the Tunnel
The Shock felt around the world on September 15th, 2008 shook our Luxury Market to it’s core as Lehman Brothers collapsed and the stock market tumbled. October 2008 was said to be the worst month in the stock market in 21 years. Massive amounts of money was lost on paper which resulted in the affluent buyers leaving the luxury market. Luxury home sales on the island dropped by 62.5% in one month and remained at that level through November also.Fast forward to August 2009. The stock market is on it’s way up again as it saw it’s 5th consecutive day of gains climbing over 9,500 and the press is reporting the country is now out of recession. In the luxury real estate market the dust has settled and offers are beginning to fly in. During the first 10 days of September we have already seen 5 accepted offers on listings over $2,500,000 which is equal to the entire month of August. It may be due to the fact that inventory has dropped to only 191 active listings priced above $2,500,000 which is the lowest active count since January 2008 and prices have dropped by 12.1%. This may be the light at the end of the tunnel. The question I have is “How long is the tunnel?”-Mandy Berner, RA
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Thursday, September 10, 2009

Financing News!
Hawaii Has Extremely High Loan LimitsDo you ever get wonder what are the loan limits for each program? Every state has different loan limits. For example, California conforming loan limit is $417,000 while Hawaii is $625,500.Hawaii has one of the highest loan limits among other states.Below are a few of the popular loan program limits:Conforming - $625,500Jumbo Conforming - $793,750Jumbo - $1 millionFHA - $625,500FHA Jumbo - $793,750VA - $625,500VA Jumbo - $793,750The interest rate on each loan limit and program will vary. Keep in mind that while these loan limits are available, the restrictions and guidelines for each one will vary and may change at any time. With lending guidelines tighten; always check with a reliable loan officer to help guide you through your mortgage financing.-Linda Le
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Wednesday, September 9, 2009

Time is Running out on the Stimulus Credit!
First Time Home Buyers can put up to $8,000 in their pocket if they act soon.According to the US Government, you are a first time home buyer if you have not purchased a home in the past three years. You must buy this home to live in yourself, as an owner occupant. In addition, once you purchase this home, the Government is offering, as part of the Stimulus Program, up to $8,000 as a Tax Credit. If, for example, you paid $3,000 in taxes, you will receive a check for $5,000. If you paid no taxes at all, you will receive $8,000. Now is the time to buy, but the deadline is fast approaching. You must have your property closed by December 1, 2009. It is taking approximately 60 days from offer to closing. You have until (approximately) September 30 to make a decision on which property to purchase, and to get your offer accepted…. In addition to the $8,000 tax credit, another Stimulus plan is the 100% financing of a home loan, in which 80% of your home loan would be financed at a relatively low rate of interest (5% for example), and 20% of your home loan would be financed at a higher rate (9% for example). This 100% financing is available to people with credit scores of 720 or higher. In order to find out your credit score, you can go online to check it free.Both of these Stimulus plans are available now, and the $8,000 tax credit won’t be around for that much longer. Act now! See a real estate agent today. -Tiare Dutcher, RA
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