Many consumers and potential homebuyers need help in finding the answers that will lead them to their ultimate goal of home ownership. Particularly in today's changing mortgage market and in Hawaii where home prices are among the highest in the nation, consumers need to seek the advise and guidance of professionals to answer their questions.
Freddie Mac will be sponsoring a Free Homebuyer Workshop this weekend that will be hosted by Central Pacific HomeLoans and emceed by local comedian Dave Lancaster.
Leonard Loventhal, Central Pacific loan manager, said "the company hopes to prequalify at least 100 people for a loan."
Established by congress in 1970 to help finance home mortgage lending, Freddie Mac createda flexible loan product that they called "Home Possible" for consumers with less than perfect credit.
Home Possible loans are offered for up to 100% of a home's value with no cash down for primary residences up to $625,000. The interest rates on these loans may be slightly higher than conforming market rates. "Honolulu households earning up to $124,950 regardless of household size may qualify for loans."
So if you're in the market for a mortgage, chances are you are in the market to buy a home. Please call on the Trinity Sales Team. We are the professionals with the experience and market knowledge to make your dreams of home ownership come true!
FREE HOMEBUYER WORKSHOP
WHEN: 9:00 AM Saturday, September 29th
WHERE: Pearl Country Club,
98-535 Ka`onohi St.
WHAT: Loan advice and prequalificatiion
MORE INFORMATION: Sabrina Ongos 778-0299
ON THE WEB?: freddiemac.com/homepossible
Friday, September 28, 2007
Wednesday, September 26, 2007
Large Estate Properties to Become Available for Purchase
Alexdander & Baldwin, the state's 4th largest land owner announced it's strategic five year plan that will include offering a small percentage of the 90,000 acres it owns as estates for those wealthy enough to afford a large piece of Hawai`i.
A&B expects the Buyer profile to be from off shore possibly foreign countries who desire a large estate on which to put up a home or two.
Some of the land includes 37 acres of Nahiku property on east Maui and Kaua`i is already being marketed on their website as an opportunity to create a "personal paradise."
If you are seeking a "piece of paradise" for yourself, be it a small condo or a large estate, the Trinity Sales Team would like to hear from you. With over 20 years of combined real estate success and the very latest market knowledge we have created a winning team! Put our team to work for you today!
A&B expects the Buyer profile to be from off shore possibly foreign countries who desire a large estate on which to put up a home or two.
Some of the land includes 37 acres of Nahiku property on east Maui and Kaua`i is already being marketed on their website as an opportunity to create a "personal paradise."
If you are seeking a "piece of paradise" for yourself, be it a small condo or a large estate, the Trinity Sales Team would like to hear from you. With over 20 years of combined real estate success and the very latest market knowledge we have created a winning team! Put our team to work for you today!
Wednesday, September 19, 2007
Feds Adjust Prime Down to Stabilize Rising Foreclosures
Although foreclosures in the state of Hawaii are up, 145 filings in August 2007 compared to 42 in August 2006, Hawaii continues to rank in the bottom nationally. These numbers are provided by RealtyTrac of Irvine, California. Much of the problem that has lead homeowners into foreclosure are the rising rates on adjustable mortgages now that the low teaser rates have expired and rates are adjusting dramatically higher. For those sub-prime borrowers who were seduced by exotic loans that allowed them entry into the market, the upward rates are more than they are able to bear. In addition homeowners are having difficulty refinancing these loans since the market prices in many areas of the country has dropped.
As a counter balance to the growing foreclosure problem, the Feds issued a dramatic slash to key interest rates.Although it takes some time for the market to feel the benefits of the cut, a 4.75 % is looking much better than the previous 5.25%. This is a Federal rate that banks charge each other for overnight loans.The prime rate also sets the mark for rates on home equity loans and credit cards.This rate may also effect car loans and some mortgages helping buyers.
It is clear from this action that the Federal government wants to put a stop to a housing market that is bottoming out, and wishes to stabilize business hiring and investment in order to keep the market growing as it has for the past six years.
Once again, Hawaii continues to show a healthy balanced market for both Buyers and Sellers. If you are interested in making a purchase or selling at this time, you can count on Trinity Properties to have the market knowledge and insight to help you make those big decisions in this changing times.
As a counter balance to the growing foreclosure problem, the Feds issued a dramatic slash to key interest rates.Although it takes some time for the market to feel the benefits of the cut, a 4.75 % is looking much better than the previous 5.25%. This is a Federal rate that banks charge each other for overnight loans.The prime rate also sets the mark for rates on home equity loans and credit cards.This rate may also effect car loans and some mortgages helping buyers.
It is clear from this action that the Federal government wants to put a stop to a housing market that is bottoming out, and wishes to stabilize business hiring and investment in order to keep the market growing as it has for the past six years.
Once again, Hawaii continues to show a healthy balanced market for both Buyers and Sellers. If you are interested in making a purchase or selling at this time, you can count on Trinity Properties to have the market knowledge and insight to help you make those big decisions in this changing times.
Monday, September 17, 2007
Kailua Home for Sale, A Must See!
Charming "Duck Road" is just a short walk to the silky white sands that stretches for miles along the blue waters of Kailua Bay.Located on Kainui Drive, aka "Duck Road" is this wonderful family home of 4 bedrooms, 2 of which are master suites, 3.5 baths, wood and quartzite flooring, exposed beam ceilings, extra large eat-in kitchen, granite counter tops, bay windows and plantation style doors. The property itself is over 9,000 sq.ft. with a garden resplendent with tropical landscaping and a 35' lap pool! Yours to enjoy, and own for $1,339,000. The Seller of this property is represented by the Mary Worrall Agency. Trinity Properties would be most proud and happy to represent you as our Buyer in the acquisition of this gem of a home!
Thursday, September 13, 2007
Beachfront Home Sales in Kailua
There were two recent oceanfront home sales in Kailua during the summer season that reflect Buyers faith that Hawaii is still a great place to live or to purchase property for real estate investment.
Both home were in the Kainalu Park neighborhood with wide sandy beach frontage. The home on Kailuana Lp. has 6 bedrooms, and 6.5 baths and is situated on over 30,000 sq.ft. of land with 125 linear ft. of beach frontage.The list price for this home was $6,495,000 and the actual price it sold for was $6,200,000, or 95% of the asking price.
The second property located on Kailuana Place, at Castle Point was situated on over 2 acres of land with 314 linear feet of beach frontage and has 2 homes on the property; a 4 bedroom, 4.5 bath home and a newer 3 bedroom, 2 bath guest cottage. The list price for this property was $12,800,000 and the actual sale price was $11,000,000 or 86% of the asking price.
There are currently 16 ocean/beachfront homes on the market in the Lanikai, Beachside neighborhoods of Kailua. They range in price from $4.1M up to $23.7M. The average price for these properties is $8.697M. If you are searching for a Hawaii property to call your own, whether it be on or near the ocean, mountains or city lights, please consider Trinity Proprties Sales Team for your real estate needs. We have over 20 years of sales experience in the luxury home market and welcome the opportunity to put that experience to use in helping you to find the home of your dreams!
Both home were in the Kainalu Park neighborhood with wide sandy beach frontage. The home on Kailuana Lp. has 6 bedrooms, and 6.5 baths and is situated on over 30,000 sq.ft. of land with 125 linear ft. of beach frontage.The list price for this home was $6,495,000 and the actual price it sold for was $6,200,000, or 95% of the asking price.
The second property located on Kailuana Place, at Castle Point was situated on over 2 acres of land with 314 linear feet of beach frontage and has 2 homes on the property; a 4 bedroom, 4.5 bath home and a newer 3 bedroom, 2 bath guest cottage. The list price for this property was $12,800,000 and the actual sale price was $11,000,000 or 86% of the asking price.
There are currently 16 ocean/beachfront homes on the market in the Lanikai, Beachside neighborhoods of Kailua. They range in price from $4.1M up to $23.7M. The average price for these properties is $8.697M. If you are searching for a Hawaii property to call your own, whether it be on or near the ocean, mountains or city lights, please consider Trinity Proprties Sales Team for your real estate needs. We have over 20 years of sales experience in the luxury home market and welcome the opportunity to put that experience to use in helping you to find the home of your dreams!
Monday, September 10, 2007
August Sales Activity Healthy for Buyers and Sellers
Aloha!
Lucky we live and own real estate in Hawaii! Below is the sales activity report for August sales on the island of Oahu. Once again we continue on a steady even pace with slight increases while the mainland US is a caught in a real estate downturn.
If you are considering a new home or investment, please give us a call. The Trinity Sales Team is ready with the latest market knowledge and experience to assist you with all of your real estate needs.
Posted on: Thursday, September 6, 2007
Oahu housing market holding steady
By Andrew Gomes
Advertiser Staff Writer
O'ahu's housing market continued to display its stamina last month, with slight increases in median sale prices of existing homes as many Mainland markets are tanking.
There even was a gain in the number of single-family home purchases in August, though observers said a one-month pickup in sales doesn't suggest a turnaround of what has been a two-year trend of declining transactions.
"The O'ahu housing market has remained relatively stable," said Berton Hamamoto, president of Property Profiles Inc. and the Honolulu Board of Realtors.
Some housing market watchers predict a drain on sales and perhaps prices from the recent implosion of the subprime lending industry, but others disagree, and the effect, if any, isn't expected to be reflected in sales data for another month or two.
For August, O'ahu single-family homes sold for a median $650,000, up 2.4 percent from $635,000 a year earlier and up 1.6 percent from $640,000 in July, according to Board of Realtors data.
The slight gains helped put the median for the first eight months of this year at $647,300, or 1.9 percent higher than the $635,000 median for the same period last year.
Condominiums sold last month for a median $325,000, up 6.6 percent from $305,000 a year earlier, but down 3 percent from $335,000 in July.
For the first eight months of this year, the median condo price is $325,000, up 4.8 percent from $310,000 during a year earlier.
"We're looking at a relatively flat market," said Leroy Laney, professor of economics and finance at Hawai'i Pacific University. "I think you will see a plateau that could go out for several years."
Laney said he expects there could be months or even years with mild price declines or appreciation ahead, but he doesn't forecast any big price drops.
Bob Ristelhueber, a 52-year-old freelance writer who moved to O'ahu after selling his home on the Big Island in February, believes prices are headed lower.
Ristelhueber said he checked out a few condo open houses last month, but since then none of the units he saw has sold, and the price was reduced for one. So his plan is to hold off on buying anything until next year.
"Hawai'i has a lot going for it, but no market is insulated from the housing downturn that's taken hold across the U.S.," he said. "Demand is anything but strong. Prices are going down."
For condos, year-to-date median prices for 19 regions were up in 13, down in four (Hawai'i Kai, Wahiawa, 'Ewa Plain and Maka-kilo) and about flat in two (Mililani and Waipahu).
Chason Ishii, president of Coldwell Banker Pacific Properties, believes that Hawai'i's growing economy with its ultra-low unemployment and rising personal income will sustain an overall stable real estate market.
"With all the fundamental economic indicators that are occurring, it looks like the O'ahu housing market continues to be extremely strong," he said.
Condo sales in August fell 14.7 percent to 495 from 580 a year earlier. Year-to-date condo sales are down 14.5 percent to 3,930, from a year earlier. Condo sales are in their second year of decline.
Inventory of homes on the market generally has been rising a little from month to month over the last several months. But for the last three months, inventory was lower compared with the same month a year earlier, which halted a trend for higher year-over-year inventory levels that had persisted since late 2005 when sales peaked.
There were 1,859 single-family homes on the market last month, down from 1,937 a year earlier and a nine-year high of 2,052 in November.
There were 2,386 condos on the market in August, down from 2,707 a year ago and below a nine-year high of 2,750 in September.
Single-family homes sold in August spent a median 44 days on the market before selling, up from 37 in July, but down from a recent high of 70 in February.
Condos spent a median 38 days on the market before selling last month, up from 35 in July, but down from a recent high of 59 in February.
Harvey Shapiro, research economist for the Board of Realtors, said the housing market in the next few months could be helped out if the Federal Reserve cuts interest rates later this month. Shapiro said mortgage rates in the last month have declined, which should help keep demand relatively strong.
However, there remains much uncertainty about how much of a drain on sales, if any, there will be from the recent drastic cutbacks in subprime lending, an industry that helped fuel demand for homes over the last several years.
The impact from fewer subprime loans wouldn't be reflected in home sale data until next month at the earliest because it typically takes one to three months for pending sales to close. So lending changes made in August may not start to be reflected until September sales are reported in October.
Reach Andrew Gomes at agomes@honoluluadvertiser.com.
© COPYRIGHT 2007 The Honolulu Advertiser, a division of Gannett Co. Inc.
All materials contained on this site are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of The Honolulu Advertiser. You may not alter or remove any trademark, copyright or other notice from copies of the content.
Lucky we live and own real estate in Hawaii! Below is the sales activity report for August sales on the island of Oahu. Once again we continue on a steady even pace with slight increases while the mainland US is a caught in a real estate downturn.
If you are considering a new home or investment, please give us a call. The Trinity Sales Team is ready with the latest market knowledge and experience to assist you with all of your real estate needs.
Posted on: Thursday, September 6, 2007
Oahu housing market holding steady
By Andrew Gomes
Advertiser Staff Writer
O'ahu's housing market continued to display its stamina last month, with slight increases in median sale prices of existing homes as many Mainland markets are tanking.
There even was a gain in the number of single-family home purchases in August, though observers said a one-month pickup in sales doesn't suggest a turnaround of what has been a two-year trend of declining transactions.
"The O'ahu housing market has remained relatively stable," said Berton Hamamoto, president of Property Profiles Inc. and the Honolulu Board of Realtors.
Some housing market watchers predict a drain on sales and perhaps prices from the recent implosion of the subprime lending industry, but others disagree, and the effect, if any, isn't expected to be reflected in sales data for another month or two.
For August, O'ahu single-family homes sold for a median $650,000, up 2.4 percent from $635,000 a year earlier and up 1.6 percent from $640,000 in July, according to Board of Realtors data.
The slight gains helped put the median for the first eight months of this year at $647,300, or 1.9 percent higher than the $635,000 median for the same period last year.
Condominiums sold last month for a median $325,000, up 6.6 percent from $305,000 a year earlier, but down 3 percent from $335,000 in July.
For the first eight months of this year, the median condo price is $325,000, up 4.8 percent from $310,000 during a year earlier.
"We're looking at a relatively flat market," said Leroy Laney, professor of economics and finance at Hawai'i Pacific University. "I think you will see a plateau that could go out for several years."
Laney said he expects there could be months or even years with mild price declines or appreciation ahead, but he doesn't forecast any big price drops.
Bob Ristelhueber, a 52-year-old freelance writer who moved to O'ahu after selling his home on the Big Island in February, believes prices are headed lower.
Ristelhueber said he checked out a few condo open houses last month, but since then none of the units he saw has sold, and the price was reduced for one. So his plan is to hold off on buying anything until next year.
"Hawai'i has a lot going for it, but no market is insulated from the housing downturn that's taken hold across the U.S.," he said. "Demand is anything but strong. Prices are going down."
For condos, year-to-date median prices for 19 regions were up in 13, down in four (Hawai'i Kai, Wahiawa, 'Ewa Plain and Maka-kilo) and about flat in two (Mililani and Waipahu).
Chason Ishii, president of Coldwell Banker Pacific Properties, believes that Hawai'i's growing economy with its ultra-low unemployment and rising personal income will sustain an overall stable real estate market.
"With all the fundamental economic indicators that are occurring, it looks like the O'ahu housing market continues to be extremely strong," he said.
Condo sales in August fell 14.7 percent to 495 from 580 a year earlier. Year-to-date condo sales are down 14.5 percent to 3,930, from a year earlier. Condo sales are in their second year of decline.
Inventory of homes on the market generally has been rising a little from month to month over the last several months. But for the last three months, inventory was lower compared with the same month a year earlier, which halted a trend for higher year-over-year inventory levels that had persisted since late 2005 when sales peaked.
There were 1,859 single-family homes on the market last month, down from 1,937 a year earlier and a nine-year high of 2,052 in November.
There were 2,386 condos on the market in August, down from 2,707 a year ago and below a nine-year high of 2,750 in September.
Single-family homes sold in August spent a median 44 days on the market before selling, up from 37 in July, but down from a recent high of 70 in February.
Condos spent a median 38 days on the market before selling last month, up from 35 in July, but down from a recent high of 59 in February.
Harvey Shapiro, research economist for the Board of Realtors, said the housing market in the next few months could be helped out if the Federal Reserve cuts interest rates later this month. Shapiro said mortgage rates in the last month have declined, which should help keep demand relatively strong.
However, there remains much uncertainty about how much of a drain on sales, if any, there will be from the recent drastic cutbacks in subprime lending, an industry that helped fuel demand for homes over the last several years.
The impact from fewer subprime loans wouldn't be reflected in home sale data until next month at the earliest because it typically takes one to three months for pending sales to close. So lending changes made in August may not start to be reflected until September sales are reported in October.
Reach Andrew Gomes at agomes@honoluluadvertiser.com.
© COPYRIGHT 2007 The Honolulu Advertiser, a division of Gannett Co. Inc.
All materials contained on this site are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of The Honolulu Advertiser. You may not alter or remove any trademark, copyright or other notice from copies of the content.
Monday, September 3, 2007
Interest Rates Among Lowest in Nation
Another good reason to buy and invest in real estate in Hawaii, is the fact that interest rates on new first mortgages are amoung the lowest in the nation. Below is an article that was published in Hawaii's Pacific Business News paper.
"Hawaii mortgage interest rates down
Pacific Business News (Honolulu) - August 31, 2007
Hawaii's three largest banks dropped rates on 30-year fixed interest mortgages again this week.
The decline brought rates on Wednesday to 5.375 percent at American Savings Bank, Bank of Hawaii and First Hawaiian Bank, according to the Honolulu Board of Realtors.
Nationally, the average rate fell to 6.45 percent, according to Freddie Mac's primary mortgage market survey released on Thursday.
Mainland lenders offering higher interest rates made cheaper loans. American Savings and Bank of Hawaii both charged 1.875 points on 30-year fixed rate mortgages, while First Hawaiian charged 2 points.
Nationally, borrowers paid an average 0.5 point for the loans. "
If you are looking for a sales team with over 20 years of successful real estate sales experience and market knowledge, call on Trinity Properties, LLC. We put your interst and needs a top priority!
"Hawaii mortgage interest rates down
Pacific Business News (Honolulu) - August 31, 2007
Hawaii's three largest banks dropped rates on 30-year fixed interest mortgages again this week.
The decline brought rates on Wednesday to 5.375 percent at American Savings Bank, Bank of Hawaii and First Hawaiian Bank, according to the Honolulu Board of Realtors.
Nationally, the average rate fell to 6.45 percent, according to Freddie Mac's primary mortgage market survey released on Thursday.
Mainland lenders offering higher interest rates made cheaper loans. American Savings and Bank of Hawaii both charged 1.875 points on 30-year fixed rate mortgages, while First Hawaiian charged 2 points.
Nationally, borrowers paid an average 0.5 point for the loans. "
If you are looking for a sales team with over 20 years of successful real estate sales experience and market knowledge, call on Trinity Properties, LLC. We put your interst and needs a top priority!
Friday, August 31, 2007
Investment Opportunity in Hawaii Property
If you are looking for a property that has good investment potential, consider this Kaawa Property. Existing on the property of over 13,5oo sq.ft. is a 2 story home of 1804 sq.ft. that is need of your TLC. This property has the possible potential to become a CPR with two street accesses between Hiwahiwa and Haahaa St. Enjoy wonderful ocean and mountain views from within the home or from your yard. Stroll down to Kaaawa Beach Park or the local stores. This property is ideal for a large, extended family lifestyle or developer. The home is Ohana eligible. The list price is $850,000 and this motivated Seller is represented by Hawaii Realty Associates. The Trinity Properties sales team would be happy to represent you as our Buyer for this property and eager to assist you with all your real estate needs including property management,long or short term rentals, fractional ownership and sales. We are happy to put our many years of market knowledge and successful sales experience to work for you!
Tuesday, August 28, 2007
Buying a Home in Hawaii? Local Lenders Give Assurance
There has been much press recently on bankruptcies, the closing of loan offices and layoffs that are the natural fallout of some national lending institutions and their practice of risky lending, unstable mortgage rates and weak underwriting standards all in done in an effort to lend to marginally qualified Buyers.
If you have been considering purchasing real estate for investment or as a personal home, all of this press may have you wondering. Most of the abusive lending practices have occured in the subprime market on the mainland. You can be confident that the local Hawaii lenders have maintained their standards and have carefully and wisely followed proper guidelines.
At Trinity Properties, our sales agents have fostered and maintained excellent relationships with local lenders who have a long history of professional and prudent standards. These relationships are an added value for our clients who may not have been buying real estate for as long as we have been selling it. During these changing times, it is reassuring to know that our years of successful and ethical real estate experience can be trusted.
If you have been considering purchasing real estate for investment or as a personal home, all of this press may have you wondering. Most of the abusive lending practices have occured in the subprime market on the mainland. You can be confident that the local Hawaii lenders have maintained their standards and have carefully and wisely followed proper guidelines.
At Trinity Properties, our sales agents have fostered and maintained excellent relationships with local lenders who have a long history of professional and prudent standards. These relationships are an added value for our clients who may not have been buying real estate for as long as we have been selling it. During these changing times, it is reassuring to know that our years of successful and ethical real estate experience can be trusted.
Wednesday, August 22, 2007
Fractional Ownership and 1031 Exchanges
For those of you who may find themselves in a situation where a 1031 Tax Deferred Exchange is appropriate for their situation may be wondering if Fractional Ownership is for them. The following information supplied by Steven R. Lee, Attorney who has formed HOMESHARE HAWAII LLC for the purpose of providing service and information to those considering Fractional Ownership, will be useful.
"Generally speaking, any investment property can be used in a 1031 exchange. You could view this property as either an investment or a second home. The rules are different, and depending on your plans and actual use of the property the answer might change. Each transaction is evaluated with a combination of factors, and you must consult your tax professional for your personal situation. It is safe say in general that buying an interest in a Hawaii house or condominium is an appropriate investment and could also be a second home. there are exceptions. Ask."
If you want the latest market information and professional service to help you identify your first home, second home or investment property, ask the Trinity Properties Sales Team. They are prepared with all the information and experience needed to make your dreams a reality!"
"Generally speaking, any investment property can be used in a 1031 exchange. You could view this property as either an investment or a second home. The rules are different, and depending on your plans and actual use of the property the answer might change. Each transaction is evaluated with a combination of factors, and you must consult your tax professional for your personal situation. It is safe say in general that buying an interest in a Hawaii house or condominium is an appropriate investment and could also be a second home. there are exceptions. Ask."
If you want the latest market information and professional service to help you identify your first home, second home or investment property, ask the Trinity Properties Sales Team. They are prepared with all the information and experience needed to make your dreams a reality!"
Monday, August 20, 2007
Hawaii Home Resales are among the Strongest Nationally
According to the National Realtors Association study of 149 Metropolitan areas during the second quarter for 2007, Hawaii resales ranked fourth in the nation.
Only California was ahead of Hawaii. The three major areas in California that were ranked first, second and third respectively are San Jose/Sunnyvale/Santa Clara, San Francisco/Oakland/Freemont and Anaheim/Santa Ana (Orange County), California.
Oahu was one of 97 metro areas nationally that showed a price gain. Fifty markets experienced price declines.
The senior economist for NAR, Lawrence Yun, feels the price trend is encouraging. "Although home prices are relatively flat, more metro areas are showing price gains with general improvement since bottoming-out in the fourth qtr. of 2006," he said. According to the NAR prices in many of the high cost markets prices have declined while prices in lower priced markets has risen. So we can conclude that the market is balancing itself out and maintaining it's health at the same time.
If you have been considering making an investment in real estate in Hawaii, now is a good time. And for guidance, insight and experience in the what, where, why of purchasing real estate in Hawaii, you can count on the Trinity Properties Sales Team to help you achieve your goals. Give us a call today!
Only California was ahead of Hawaii. The three major areas in California that were ranked first, second and third respectively are San Jose/Sunnyvale/Santa Clara, San Francisco/Oakland/Freemont and Anaheim/Santa Ana (Orange County), California.
Oahu was one of 97 metro areas nationally that showed a price gain. Fifty markets experienced price declines.
The senior economist for NAR, Lawrence Yun, feels the price trend is encouraging. "Although home prices are relatively flat, more metro areas are showing price gains with general improvement since bottoming-out in the fourth qtr. of 2006," he said. According to the NAR prices in many of the high cost markets prices have declined while prices in lower priced markets has risen. So we can conclude that the market is balancing itself out and maintaining it's health at the same time.
If you have been considering making an investment in real estate in Hawaii, now is a good time. And for guidance, insight and experience in the what, where, why of purchasing real estate in Hawaii, you can count on the Trinity Properties Sales Team to help you achieve your goals. Give us a call today!
Monday, August 13, 2007
Protecting Your Home and Investments
It is hurricane season in Hawaii until November and for those of us who make our home here or who have investment properties here it is wise to know how we can protect ourselves in the event a hurricane visits our shores.
At this time we are watching Hurricane Flossie that is considered a Category 1 hurricane.
Here are some tips from the Red Cross to remind us about what we need to do to prepare in the event of a hurricane or storm situation.
*First aid kit and essential medications.
*Canned food and can opener.
*At least three gallons of water per person.
*Protective clothing, rainwear, and bedding or sleeping bags.
*Battery-powered radio, flashlight, and extra batteries.
*Special items for infants, elderly, or disabled family members.
*Written instructions on how to turn off electricity, gas and water if authorities advise you to do so. (Remember, you'll need a professional to turn them back on.)
If you have any concerns about your property, please call on the Trinity Team. We are happy to provide you with the most updated information. We are service oriented company and will make your needs our first priority.
At this time we are watching Hurricane Flossie that is considered a Category 1 hurricane.
Here are some tips from the Red Cross to remind us about what we need to do to prepare in the event of a hurricane or storm situation.
*First aid kit and essential medications.
*Canned food and can opener.
*At least three gallons of water per person.
*Protective clothing, rainwear, and bedding or sleeping bags.
*Battery-powered radio, flashlight, and extra batteries.
*Special items for infants, elderly, or disabled family members.
*Written instructions on how to turn off electricity, gas and water if authorities advise you to do so. (Remember, you'll need a professional to turn them back on.)
If you have any concerns about your property, please call on the Trinity Team. We are happy to provide you with the most updated information. We are service oriented company and will make your needs our first priority.
Thursday, August 9, 2007
Best of Island Living Offered for Sale
In Kailua, in the Enchanted Lakes neighborhood is a canalfront home for sale at $1.299 million. This spacious home of over 2,218 Sq.Ft. of interior space is situated on a lot of over 8,834 Sq.Ft. The additional space of 400 Sq.Ft is the enclosed garage.
Features of this 5 bedroom, 3 full bath home include a sparkling blue swimming pool surrounded by a natural stone deck upon which a Sundance Spa has been placed for your relaxation and enjoyment. The home has been remodeled and includes many upgrades.
In addition, a 2 bedroom/ 1 bath attached cottage is part of the overall living space of the home that can just as easily be opened up to accommodate the needs of a larger family.
What is there to wait for? This home affords the best of island living and is being offered for sale by Coldwell Banker Pacific Properties. We at Trinity Properties would be proud to represent you as our Buyer in the purchase of this or other properties currently on the market for sale. At Trinity Properties you can always be assured that your needs come first!
Features of this 5 bedroom, 3 full bath home include a sparkling blue swimming pool surrounded by a natural stone deck upon which a Sundance Spa has been placed for your relaxation and enjoyment. The home has been remodeled and includes many upgrades.
In addition, a 2 bedroom/ 1 bath attached cottage is part of the overall living space of the home that can just as easily be opened up to accommodate the needs of a larger family.
What is there to wait for? This home affords the best of island living and is being offered for sale by Coldwell Banker Pacific Properties. We at Trinity Properties would be proud to represent you as our Buyer in the purchase of this or other properties currently on the market for sale. At Trinity Properties you can always be assured that your needs come first!
Sunday, August 5, 2007
Oahu Home Sales Hit Brisker Pace
I have included below an article published in Pacific Business News on Oahu sales activity for the month of July. Although the cost for a new mortgage may be slightly higher than one year ago, sales continue at a brisker pace than earlier this year. If you have questions about how this market may effect the value of the home you currently or are thinking of purchasing, please call upon the Trinity Sales Team. We are the professionals with the most current market knowledge and over 18 years of successful real estate sales experience.
Oahu Home Sales Hit Brisker Pace
Pacific Business News (Honolulu) - 10:12 AM HAST Thursday, August 2, 2007
Sales of single-family homes and condominiums on Oahu hit a brisker pace last month, with the fewest average days on the market recorded this year.
Prices dipped slightly for houses, while condos broke last month's record high, according to statistics released Thursday by the Honolulu Board of Realtors.
The median price for a condo on Oahu in July was $335,000, about a 2 percent increase over the same month last year, and just $1,000 more than June's record median price of $334,000.
Board research economist Harvey Shapiro noted that condo prices have increased steadily since October, when the median was $310,000.
The median price of a single-family home dipped to $640,000 in July, down 3 percent from the July 2006 median price of $660,000, and more than 6 percent lower than last month's record high of $685,000.
"Median prices declined a bit, but this is more related to where sales occurred geographically than any significant depreciation in values," said Berton Hamamoto, president of the Honolulu Board of Realtors. "Fifty-five percent of single-family home sales this month were in the more affordable Leeward Oahu area, compared to 44 percent last month, which helps explain the variances we experience in median prices."
Year-to-date median prices for the first seven months of the year were $645,000 for single-family homes and $325,000 for condos.
The number of sales in July fell for both categories, the board said. There were 339 single-family homes sold last month, down more than 10 percent from July 2006 when 379 houses sold.
The 457 condos sold in July were more than 8 percent fewer than the 498 units sold during the same month last year.
However, the average number of days on the market for single-family homes dropped to 37 days, the fastest pace for this year and about a week faster than this time last year.
The figure for condos fell to an average of 35 days, three days faster than a year ago.
Shapiro said the cost of financing a home has risen, with a 30-year fixed-rate mortgage today costing about 6.25 percent, about a half-percentage-point higher than at the beginning of the year.
"This rise has a significant effect on our housing market since our mortgage balances are among the highest in the nation," he said.
Oahu Home Sales Hit Brisker Pace
Pacific Business News (Honolulu) - 10:12 AM HAST Thursday, August 2, 2007
Sales of single-family homes and condominiums on Oahu hit a brisker pace last month, with the fewest average days on the market recorded this year.
Prices dipped slightly for houses, while condos broke last month's record high, according to statistics released Thursday by the Honolulu Board of Realtors.
The median price for a condo on Oahu in July was $335,000, about a 2 percent increase over the same month last year, and just $1,000 more than June's record median price of $334,000.
Board research economist Harvey Shapiro noted that condo prices have increased steadily since October, when the median was $310,000.
The median price of a single-family home dipped to $640,000 in July, down 3 percent from the July 2006 median price of $660,000, and more than 6 percent lower than last month's record high of $685,000.
"Median prices declined a bit, but this is more related to where sales occurred geographically than any significant depreciation in values," said Berton Hamamoto, president of the Honolulu Board of Realtors. "Fifty-five percent of single-family home sales this month were in the more affordable Leeward Oahu area, compared to 44 percent last month, which helps explain the variances we experience in median prices."
Year-to-date median prices for the first seven months of the year were $645,000 for single-family homes and $325,000 for condos.
The number of sales in July fell for both categories, the board said. There were 339 single-family homes sold last month, down more than 10 percent from July 2006 when 379 houses sold.
The 457 condos sold in July were more than 8 percent fewer than the 498 units sold during the same month last year.
However, the average number of days on the market for single-family homes dropped to 37 days, the fastest pace for this year and about a week faster than this time last year.
The figure for condos fell to an average of 35 days, three days faster than a year ago.
Shapiro said the cost of financing a home has risen, with a 30-year fixed-rate mortgage today costing about 6.25 percent, about a half-percentage-point higher than at the beginning of the year.
"This rise has a significant effect on our housing market since our mortgage balances are among the highest in the nation," he said.
Saturday, August 4, 2007
Perfect Home for Entertaining, "The House of the Living Tarot"
Driving along the Pali Hwy. as you leave downtown Honolulu on your drive to the Windward side of the island, one may notice a for sale sign on a property along the way. An interesting house sits on the large lot of over 24,000 sq.ft. resembling in style something from a turn of the century New England. By appearance, the house looks abandoned but Artistic Director, Cheryl Flaherty of the renowned Iona Dance and Theatre Company has breathed a new life into it using it as an artistic setting for her latest Salon Series production, "The House of the Living Tarot."
Each room of the home has been staged for one of 10 characters of the Major Archana of the Tarot deck. For those unfamiliar with the Tarot, it is best known for ages as a fortune telling card. Each of the Iona Dancers will present an interpretive piece according to the archetype they have been selected to portray. According to Cheryl, the dancers were matched with archetypes they were selected to perform based on their personalities and life experience. "My dancers are so talented and strong. And I know them so well that I have been able to match them with their cards beautifully."
If you are fortunate enough to have a ticket to experience the performance, you will be dealt a hand of 10 cards upon your arrival. Each person attending will have the same 10 cards but in different order. According to the order you were dealt, you will proceed through the rooms of the house to interact and enjoy the individual performances. According to Flaherty, "You may have a couple of cards (in common) with the person that you've attended with. But this is a journey of the self."
So if you are looking for something extraordinary to do on the island of Oahu, consider meeting the archetypes including the Magician, The Lovers, The High Priestess and others. Tickets to the show are available through the Honolulu Box Office at, www.honoluluboxoffice.com or call 550-8457. Tickets are available for the Sunday afternoon performance and due to popular demand,shows on Thursday, August 9th and Friday, August 10th have been added.
And if you are looking for an extroridnary home of of a different nature, consider the Trinity Properties sales Team. They are amply experienced and highly creative at making the magic of your dream home come true!
Each room of the home has been staged for one of 10 characters of the Major Archana of the Tarot deck. For those unfamiliar with the Tarot, it is best known for ages as a fortune telling card. Each of the Iona Dancers will present an interpretive piece according to the archetype they have been selected to portray. According to Cheryl, the dancers were matched with archetypes they were selected to perform based on their personalities and life experience. "My dancers are so talented and strong. And I know them so well that I have been able to match them with their cards beautifully."
If you are fortunate enough to have a ticket to experience the performance, you will be dealt a hand of 10 cards upon your arrival. Each person attending will have the same 10 cards but in different order. According to the order you were dealt, you will proceed through the rooms of the house to interact and enjoy the individual performances. According to Flaherty, "You may have a couple of cards (in common) with the person that you've attended with. But this is a journey of the self."
So if you are looking for something extraordinary to do on the island of Oahu, consider meeting the archetypes including the Magician, The Lovers, The High Priestess and others. Tickets to the show are available through the Honolulu Box Office at, www.honoluluboxoffice.com or call 550-8457. Tickets are available for the Sunday afternoon performance and due to popular demand,shows on Thursday, August 9th and Friday, August 10th have been added.
And if you are looking for an extroridnary home of of a different nature, consider the Trinity Properties sales Team. They are amply experienced and highly creative at making the magic of your dream home come true!
Thursday, August 2, 2007
Favorable Interest Rates for Buying Homes in Hawaii
While there has been much press on the secondary mortgage market and a tightening among lenders for those seeking mortgages, "First Hawaiian Bank cut its 30-year fixed rate mortgage back to 6.25 percent this week while Bank of Hawaii held at 6.375 percent." as reported by Pacific Business News.
The Honolulu Board of Realtors reported that Wells Fargo Home Mortgage who does a good deal of residential loans in Hawaii also cut their mortgage rate back to 6.25%. The APR's on these rates that includes fees was more than 6.5 percent while First Hawaiian and Territorial Savings Bank, which was already at the 6.25 percent, had APR's below 6.5 percent.
American Savings Bank, Central Pacific Bank and Finance Factors also remained at 6.375 percent as did Bank of Hawaii. These rates are lower than national rates that have eased to an average APR of 6.75 percent.
Although these adjustments may seem modest, they may be the deciding factor for those Buyers needing to qualify for that new home purchase. Overall, the lending rates are favorable for buying a home in Hawaii at this time. If you have been considering making a purchase, we hope you will contact the Trinity Properties Sales Team. We are ready with all the current market information and over 18 years of successful real estate sales experience to assist you in finding the home of your choice in beautiful Hawaii!
The Honolulu Board of Realtors reported that Wells Fargo Home Mortgage who does a good deal of residential loans in Hawaii also cut their mortgage rate back to 6.25%. The APR's on these rates that includes fees was more than 6.5 percent while First Hawaiian and Territorial Savings Bank, which was already at the 6.25 percent, had APR's below 6.5 percent.
American Savings Bank, Central Pacific Bank and Finance Factors also remained at 6.375 percent as did Bank of Hawaii. These rates are lower than national rates that have eased to an average APR of 6.75 percent.
Although these adjustments may seem modest, they may be the deciding factor for those Buyers needing to qualify for that new home purchase. Overall, the lending rates are favorable for buying a home in Hawaii at this time. If you have been considering making a purchase, we hope you will contact the Trinity Properties Sales Team. We are ready with all the current market information and over 18 years of successful real estate sales experience to assist you in finding the home of your choice in beautiful Hawaii!
Friday, July 27, 2007
Home for Sale in Desirable Country Club Knolls Neighborhood!
Truly a great value is to be found in the much sought neighborhood of Country Club Knoll. Country Club Knolls is a neighborhood within Kailua that is within walking distance to the famous Kailua Beach Park and the elementary school district of Lanikai that is a chartered public school.
Homes in this area are seldom available and this particular home that is listed for sale has been recently and extensively renovated. Features include custom cabinets from King & Zelko, stainless steel appliances, granite counter tops and beautiful rich hardwood floors. A large deck of 504 sq.ft. that extends the lving area affords sweeping views of the Koolau Mountain range, sunsets and the golf course greens that are part of Mid-Pacific Country Club. Enjoy privacy in the peaceful setting of this home that includes 4 bedrooms, 2 baths and over 2,016 sq.ft. of interior living space. This home is offered for $1.180,000 by Coldwell Banker Pacific Properties. If you are interested in this property or in taking a look to see how this property compares to others currently on the market, it would be the pleasure of the sales team at Trinity Properties to represent you as our Buyer. Or perhaps, you currently own a home and are considering placing it on the market for sale, Trinity Properties would be delighted to put our many years of successful experience and market knowledge to work for you.
Homes in this area are seldom available and this particular home that is listed for sale has been recently and extensively renovated. Features include custom cabinets from King & Zelko, stainless steel appliances, granite counter tops and beautiful rich hardwood floors. A large deck of 504 sq.ft. that extends the lving area affords sweeping views of the Koolau Mountain range, sunsets and the golf course greens that are part of Mid-Pacific Country Club. Enjoy privacy in the peaceful setting of this home that includes 4 bedrooms, 2 baths and over 2,016 sq.ft. of interior living space. This home is offered for $1.180,000 by Coldwell Banker Pacific Properties. If you are interested in this property or in taking a look to see how this property compares to others currently on the market, it would be the pleasure of the sales team at Trinity Properties to represent you as our Buyer. Or perhaps, you currently own a home and are considering placing it on the market for sale, Trinity Properties would be delighted to put our many years of successful experience and market knowledge to work for you.
Monday, July 23, 2007
One of Many Reasons to Live in Hawaii; Hula, The International Language
This weekend the annual Prince Lot Festival in Moanalua Gardens was held. This marks the 30th anniversary of this non-competitive hula event that honors King Kamehameha V , the Hawaiian Royal who adored and supported the dance that has florished and become an important Hawaiian tradition. Thus, the theme for this year's festival was appropriately named,'Olelo Mai Na Kupuna Mai, "The Legacy Lives On.'
As Nalani Olds, Founder and Emcee of the Prince Lot Fesitval noted, "What's really remarkable is the vast number of visitors we get from all over, signifying huge interest in hula. We have people coming from South Africa, Europe and all over Asia. Few have come to learn the language and culture but no matter. I think as human beings we all have those innate abilities to feel all that hula evokes," said Olds."So even if you don't understand, there is something in hula you inherently understand." "Hula is a way of expression that is not done in quite the same way in any other place of the world. It has a spirit; it speaks from the heart; it evokes emotion, not only for the person performing it, but for the person that is viewing it," she said.
For this writer who was privileged to perform at Prince Lot this year, I can say it was a magical moment to gaze upward to the sky through the boughs of the monkey pod trees for which Moanalua is famous and be thankful that this beautiful tradition has survived.
So, if you were considering a trip to Hawaii next July, be sure to include the Prince Lot Festival on next year's must do list. And if you will need a place to stay, I hope that you will contact Trinity Properties and book a reservation in one of the many fabulous vacation homes and villas that they have to offer. I wouldn't be surprised if you truly fall in love with Hawaii, her beauty, tradition and culture, and find youself considering a permanent or second home in the islands. The Trinity Sales Team will welcome the opportunity with pleasure to assist you in finding your perfect home in paradise.
As Nalani Olds, Founder and Emcee of the Prince Lot Fesitval noted, "What's really remarkable is the vast number of visitors we get from all over, signifying huge interest in hula. We have people coming from South Africa, Europe and all over Asia. Few have come to learn the language and culture but no matter. I think as human beings we all have those innate abilities to feel all that hula evokes," said Olds."So even if you don't understand, there is something in hula you inherently understand." "Hula is a way of expression that is not done in quite the same way in any other place of the world. It has a spirit; it speaks from the heart; it evokes emotion, not only for the person performing it, but for the person that is viewing it," she said.
For this writer who was privileged to perform at Prince Lot this year, I can say it was a magical moment to gaze upward to the sky through the boughs of the monkey pod trees for which Moanalua is famous and be thankful that this beautiful tradition has survived.
So, if you were considering a trip to Hawaii next July, be sure to include the Prince Lot Festival on next year's must do list. And if you will need a place to stay, I hope that you will contact Trinity Properties and book a reservation in one of the many fabulous vacation homes and villas that they have to offer. I wouldn't be surprised if you truly fall in love with Hawaii, her beauty, tradition and culture, and find youself considering a permanent or second home in the islands. The Trinity Sales Team will welcome the opportunity with pleasure to assist you in finding your perfect home in paradise.
Saturday, July 21, 2007
Kailua Home for Sale, Kaimalino Lovely!
Kaimalino is considered by many as one of the finest neighborhoods in Kailua because of it's proximity to excellent schools, shopping close by and for those fortunate to live on the ocean sweeping views of Kailua Bay, the Mokulua Islands and Koolau Mountain Range.
Currently there are several wonderful properties for sale in this neighborhood. The home I will discuss in this posting has always been one of my favorite homes. It was architecturally designed and is exceptioanlly well built by Hawaiian Dredging and Construction for one of its past presidents. Care was taken in the construction for oceanfront exposure and includes six inch reinforced concrete walls to withstand the elements and to take advantage of the cooling trade winds. The kitchen was remodeled in 2000 with granite counters and top of the line stainless steel appliances. Bathrooms were remodeled with marble floors and walls and granite coounters and custom cabinetry. Other features include vaulted ceilings throughout,master bedroom with built-in cabinets and split ac and built in koa cabinets in the dining area.
In all this 3 bedroom, 3 bath home of 2,349 sq.ft. is situated on 11,070 sq.ft. of land and is offered at $2,435,000 by Carvill & Company. Trinity Properties would be proud and happy to have the opportunity to represent you as our client in the purchase of this fabulous home! If you would like more information on this home or other Hawaii homes for sale, please consider the Trinity Sales Team!
Currently there are several wonderful properties for sale in this neighborhood. The home I will discuss in this posting has always been one of my favorite homes. It was architecturally designed and is exceptioanlly well built by Hawaiian Dredging and Construction for one of its past presidents. Care was taken in the construction for oceanfront exposure and includes six inch reinforced concrete walls to withstand the elements and to take advantage of the cooling trade winds. The kitchen was remodeled in 2000 with granite counters and top of the line stainless steel appliances. Bathrooms were remodeled with marble floors and walls and granite coounters and custom cabinetry. Other features include vaulted ceilings throughout,master bedroom with built-in cabinets and split ac and built in koa cabinets in the dining area.
In all this 3 bedroom, 3 bath home of 2,349 sq.ft. is situated on 11,070 sq.ft. of land and is offered at $2,435,000 by Carvill & Company. Trinity Properties would be proud and happy to have the opportunity to represent you as our client in the purchase of this fabulous home! If you would like more information on this home or other Hawaii homes for sale, please consider the Trinity Sales Team!
Wednesday, July 18, 2007
Oahu Housing Trends, Real Estate Sales
According to the data compiled by the Honolulu Board of Realtors, overall market conditions were cooler in the 1st qtr. of 2007. Clearly behind the market peak in the 3rd qtr. of 2005 when there were 1,324 single family homes sold and 2,286 condominiums sold. However, the 865 single family homes and 1,361 condominiums that recorded in 1st qtr. 2007 were similar in number to 4th qtr. 2006. This represents a levelling off in market declines.
With these numbers in mind, I find it interesting to look individually at neighborhoods on Oahu to see where the greatest price increase or decreases have occured.
In this posting, I will discuss the Metro Oahu Area, which is the most populuated area of the island with 6 neighborhoods and has the largest number of condominiums.Here the condo sales were off by 8.3% but the median sales price rose by 8.3%.
In Waikiki, one of the neighborhoods in the Metro Oahu area, the median sales price for condos rose $10,000 since last qtr. and last year to $295,000. While Waikiki saw an increase in unit availablity, list prices in Waikiki dropped from $322,6000 last year to $304,800 1st qtr.
The Makiki- Moilili neighborhood , saw a small $1500 increase in its median sales price from $318,500 to $320,000.
Single Family sales in Metro Oahu 15.5% in volumne and the median sale price declined by 6.2%. Single family numbers declined by 6.7% in this neighborhood but the single family median list price rose by 14.4%
If you are considering buying a new home or investment or selling a property you currently own, it is valuable to ask the experts at Trinity Properties. All neighborhoods are not alike and the history of sales will vary. The sales Team at Trinity Properties will have the information you need when it comes to making those important decisions like "How much is my home worth?" or "How much should I pay for the home that I want to purchase?".
Please come back to read about more Oahu neighborhoods and how they compare to the overall residential real estate sales volumne and price for the island of Oahu.
With these numbers in mind, I find it interesting to look individually at neighborhoods on Oahu to see where the greatest price increase or decreases have occured.
In this posting, I will discuss the Metro Oahu Area, which is the most populuated area of the island with 6 neighborhoods and has the largest number of condominiums.Here the condo sales were off by 8.3% but the median sales price rose by 8.3%.
In Waikiki, one of the neighborhoods in the Metro Oahu area, the median sales price for condos rose $10,000 since last qtr. and last year to $295,000. While Waikiki saw an increase in unit availablity, list prices in Waikiki dropped from $322,6000 last year to $304,800 1st qtr.
The Makiki- Moilili neighborhood , saw a small $1500 increase in its median sales price from $318,500 to $320,000.
Single Family sales in Metro Oahu 15.5% in volumne and the median sale price declined by 6.2%. Single family numbers declined by 6.7% in this neighborhood but the single family median list price rose by 14.4%
If you are considering buying a new home or investment or selling a property you currently own, it is valuable to ask the experts at Trinity Properties. All neighborhoods are not alike and the history of sales will vary. The sales Team at Trinity Properties will have the information you need when it comes to making those important decisions like "How much is my home worth?" or "How much should I pay for the home that I want to purchase?".
Please come back to read about more Oahu neighborhoods and how they compare to the overall residential real estate sales volumne and price for the island of Oahu.
Tuesday, July 17, 2007
Trinity Properties Closes Sale on Oceanfront Property for Under $IM!!
Several days ago Trinity Properties closed on a sale of oceanfront property for under $1 million dollars! The Buyer was represented by Trinity sales agent, Mary Farkash.The 4,844 sq.ft. lot that is one third of a CPR'd property came with a beach cottage of just under 500 sq.ft. The eyes can feast on the expansive ocean view that stretches all the way to Waikiki and Diamond Head. A sandy beach is just steps from the door of this charming cottage. The promise of family time spent together swimming in the blue waters of the Pacific or simply gazing at the gently rolling waves,this home will fulfill the dream of the it's new homeowners for many years to come. Located in Ewa Beach, an area of Oahu that is enjoying expansion and new growth, many of the conveniences of Honolulu are only minutes away. The final price on this gem? A mere $650,000! If you are looking for a "get away" by the sea but have been thinking it is simply out of reach, call on the Trinity Sales Team! With our thorough market knowledge and desire to make your dreams come true, we enjoy the challenge of finding the perfect home for you!
Saturday, July 14, 2007
Thursday Preview Day for Oceanfront Homes for Sale in Kailua
Thursday is Broker's Open Day in Kailua. This Thursday there were several homes featured in the neighborhood of Kaimalino that were open for preview. Kaimalino is an area of Kailua that is located on a cove that is part of beautiful Kailua Bay.
One home in particular caught my eye. It is situated at the perfect angle to capture the outstanding views of Kailua Bay,the waves as they roll into shore, the turtles that play in the cove, and the Majesty of the Koolau mountain range.
It would be hard to want to move indoors but for the fabulous floor plan that allows the feeling of outdoors to come in. Once inside, this 4 bedroom, 3.5 bath home with 3,549 sq.ft. of interior space has all the comforts one could wish for with a gourmet kitchen, slate fireplace, central air conditioning and a spacious master suite.
This fee simple home is offered at $4.75 million by Coldwell Banker Pacific Properties. We at Trinity Properties would be happy and proud to represent you as the Buyer of this wonderful oceanfront property. For further information on this property or other properties for sale, please contact the Trinity Properties Sales Team. We look forward to getting to know you and servicing your every real estate need.
One home in particular caught my eye. It is situated at the perfect angle to capture the outstanding views of Kailua Bay,the waves as they roll into shore, the turtles that play in the cove, and the Majesty of the Koolau mountain range.
It would be hard to want to move indoors but for the fabulous floor plan that allows the feeling of outdoors to come in. Once inside, this 4 bedroom, 3.5 bath home with 3,549 sq.ft. of interior space has all the comforts one could wish for with a gourmet kitchen, slate fireplace, central air conditioning and a spacious master suite.
This fee simple home is offered at $4.75 million by Coldwell Banker Pacific Properties. We at Trinity Properties would be happy and proud to represent you as the Buyer of this wonderful oceanfront property. For further information on this property or other properties for sale, please contact the Trinity Properties Sales Team. We look forward to getting to know you and servicing your every real estate need.
Wednesday, July 11, 2007
Exceptional Lanikai Home for Sale!
Every now and again, I like to share with you homes that I feel are of exceptional quality and uniqueness. The particular home that I choose to share with you is tucked into the hillside of Lanikai on over 39,000 sq.ft. of land much of which is zoned preservation insuring that your privacy is protected. The land size alone qualifies this property as an exception but the exceptions don't stop there. Originally designed by a local architect, who's influence by Frank Lloyd Wright is evident in the gracious indoor and outdoor design of the home that seems to emerge from the very boulders of the natural landscape, capturing the view of the jewel toned waters of the Pacific from every angle. Wander among the gardens artistically designed to enchant and captivate, making this a special place you will never want to leave. The home was extensively renovated in 1993 by noted architect Peter Vincent.
The home consists of 3 bedrooms and 3 baths with dramatic design covering 2,861 sq.ft. of living space and an open lanai area of 661 sq.ft and is priced at $3,950,000. The Seller of this fabulous property is represented by Coldwell Banker Pacific. Trinity Properties would be happy to represent you as our Buyer. To arrange a private appointment on this to preview this "must see" property or for additional information, please call upon the Trinity Property Sales Team. We welcome the opportunity to answer your questions and put our market knowledge and expertise of the Hawaii Luxury Home market to use for you!
The home consists of 3 bedrooms and 3 baths with dramatic design covering 2,861 sq.ft. of living space and an open lanai area of 661 sq.ft and is priced at $3,950,000. The Seller of this fabulous property is represented by Coldwell Banker Pacific. Trinity Properties would be happy to represent you as our Buyer. To arrange a private appointment on this to preview this "must see" property or for additional information, please call upon the Trinity Property Sales Team. We welcome the opportunity to answer your questions and put our market knowledge and expertise of the Hawaii Luxury Home market to use for you!
Friday, July 6, 2007
THE 5 w'S OF FRACTIONAL OWNERSHIP, PART 5
WHY? A fractional will allow the Buyer to share in the joys and burdens of home ownership.
VALUE__ The average use of a second home is 6-8 weeks. The second home buyer wants to be in the location, but cannot necessarily justify spending the money for a whole unit that he/she will only be using for a couple of months out of the year. Owning a fractional share allows the buyer to pay for the time he/she will actually use.
RELAXATION_ No maintenance required. Fractional owners avoid maintenance hassles and concerns typically associated with second homes. All of the daily, weekly, monthly, and yearly maintenance, as well as repairs, are performed by a third party. The fractional owners need only to relax and enjoy their second home.
QUALITY_ Fractional owners enjoy premium quality design, furnishings, and equipment..not to mention a prime resort location.
SERVICE_ Fractional owners enjoy services and amenities not usually available to second home owners.24 Hour concierge, daily maid service and pre-arrival provisioning are a few of the added benefits to owning a luxury fractional home.
We at Trinity Properties hope that you have learned the basics covered in the 5 W's of Fractional Ownership. If you are considering buying, or selling real estate in Hawaii, or in need of management for your Hawaii real estate, we hope that you will call upon the Trinity team where results and customer satisfaction are our primary concerns.
Information on Fractional Ownership has been supported by Old Republic Title and Escrow.
Our Warm Aloha..
Mary and the Trinity Team
VALUE__ The average use of a second home is 6-8 weeks. The second home buyer wants to be in the location, but cannot necessarily justify spending the money for a whole unit that he/she will only be using for a couple of months out of the year. Owning a fractional share allows the buyer to pay for the time he/she will actually use.
RELAXATION_ No maintenance required. Fractional owners avoid maintenance hassles and concerns typically associated with second homes. All of the daily, weekly, monthly, and yearly maintenance, as well as repairs, are performed by a third party. The fractional owners need only to relax and enjoy their second home.
QUALITY_ Fractional owners enjoy premium quality design, furnishings, and equipment..not to mention a prime resort location.
SERVICE_ Fractional owners enjoy services and amenities not usually available to second home owners.24 Hour concierge, daily maid service and pre-arrival provisioning are a few of the added benefits to owning a luxury fractional home.
We at Trinity Properties hope that you have learned the basics covered in the 5 W's of Fractional Ownership. If you are considering buying, or selling real estate in Hawaii, or in need of management for your Hawaii real estate, we hope that you will call upon the Trinity team where results and customer satisfaction are our primary concerns.
Information on Fractional Ownership has been supported by Old Republic Title and Escrow.
Our Warm Aloha..
Mary and the Trinity Team
Thursday, July 5, 2007
Hawaii Homes Sale Prices Hawaii Record
The May trend that throw the estimates into new territory continued in June. Based on the current statistics, the existing price for single-family homes set a record at $685,000 comparing to May's price of $668, 300 in the year of 2006.
New records had been established as well for the condos in Hawaii, which from July continue to be sold at median price of $334,000, which is of course higher that the last year's record of $329,000. The price movement had been kept by continuous interest in the East and North part of Oahu, the Windward side it is. The only places were the Oahu real estate sale declined was observed in the region of Aeia to Nanakuli. In general the sales declined for about 15% all around the island.
Well if those number are encouraging your interest in acquring property, here in Hawaii, you will be interested to know that Trinity Properties is the leader in the current real estate market.
If you're looking for Hawaii homes for sale to buy or you'd like to arrange for long term luxury rentals, top Hawaii home vacation rentals or property management, here in Hawaii, Trinity Team has the top offerings as far as Hawaii Homes and services.
More to come,
Aloha
Angelika
New records had been established as well for the condos in Hawaii, which from July continue to be sold at median price of $334,000, which is of course higher that the last year's record of $329,000. The price movement had been kept by continuous interest in the East and North part of Oahu, the Windward side it is. The only places were the Oahu real estate sale declined was observed in the region of Aeia to Nanakuli. In general the sales declined for about 15% all around the island.
Well if those number are encouraging your interest in acquring property, here in Hawaii, you will be interested to know that Trinity Properties is the leader in the current real estate market.
If you're looking for Hawaii homes for sale to buy or you'd like to arrange for long term luxury rentals, top Hawaii home vacation rentals or property management, here in Hawaii, Trinity Team has the top offerings as far as Hawaii Homes and services.
More to come,
Aloha
Angelika
Monday, July 2, 2007
The 5 W's of Fractional Ownership, Part 4
WHERE? So if fractional ownership has been around for years, and perhaps you never heard about it until now, you may be asking the question, "Where?". Resort destinations all over the world! Fractionals are commonly located in popular vacation destinations such a mountain (think Aspen), beach (think Florida), golf (California) or urban resorts (think Paris). Locations typically include direct access to a lifestyle attraction such as ski resorts, oceans, golf courses or major cities. As you can see Hawaii fits well into most of these categories with beaches that are among the best anywhere, world renowned golf courses and culture and nightlife in Honolulu and Waikiki.
If this is tickling your imagination, it's not too late to book yourself into one of the luxury vacation villas that Trinity Properties has to offer. Then when you have experienced all that Hawaii has to offer, you may want a fraction of paradise for yourself. Remember the Trinity Properties team is available and eager to service your every real estate need.
Our Warm Aloha,
Mary
If this is tickling your imagination, it's not too late to book yourself into one of the luxury vacation villas that Trinity Properties has to offer. Then when you have experienced all that Hawaii has to offer, you may want a fraction of paradise for yourself. Remember the Trinity Properties team is available and eager to service your every real estate need.
Our Warm Aloha,
Mary
Friday, June 29, 2007
Luxury Living Kahala Beachfront!
What can $2.1 million dollars buy you in today's Hawaii real estate market? Apparently quite a bit! I attended a lucheon presentation at a luxury estate yesterday, as the guest of Don Eovino, Agent for Hale Makani, a fabulous property located on the ocean in Kahala. Being offered in fractional ownership, this fee simple property, is deeded, and includes 1/6th undivided interest with 60 days of consective ownership. The offering prices for the intervals vary according to the season but start at $2.1 million up to $2.75 million for the months in the high season.
Sounds interesting? As you approach this home with it's Asian themed entry pavilion lit with fire pots, the elegance of indoors and outdoors beckons you to step into a world of luxury where every material and attention to detail delights the senses and promises an unforgetable experience in luxury beachfront living.
Features:
Beach Frontage
5 Bedrooms, 5 1/2 Baths
House Area: 5,100 SF
Covered Lanai: 1,305 SF
Entry Pavillion 302 SF
Cabana: 144 SF
Garages: 969 SF
Total Built: 8,821 SF
Land Area: 23,191 SF
For more information on this unique and exceptional property, please contact the Trinity Sales Team. We welcome the opportunity to represent you as our Client in the purchase of this home or other luxury homes in Hawaii.
Our Warmest Aloha...Mary for the Trinity Team
Sounds interesting? As you approach this home with it's Asian themed entry pavilion lit with fire pots, the elegance of indoors and outdoors beckons you to step into a world of luxury where every material and attention to detail delights the senses and promises an unforgetable experience in luxury beachfront living.
Features:
Beach Frontage
5 Bedrooms, 5 1/2 Baths
House Area: 5,100 SF
Covered Lanai: 1,305 SF
Entry Pavillion 302 SF
Cabana: 144 SF
Garages: 969 SF
Total Built: 8,821 SF
Land Area: 23,191 SF
For more information on this unique and exceptional property, please contact the Trinity Sales Team. We welcome the opportunity to represent you as our Client in the purchase of this home or other luxury homes in Hawaii.
Our Warmest Aloha...Mary for the Trinity Team
Monday, June 25, 2007
Fractional Sales is Front Page News!
In the Honolulu Advertiser, Sunday June 24th edition, Andrew Gomes reported "Developing trend offers ownership of homes for 60 days each year". Here on the Trinity Properties home page, our real estate blog has been providing information on the concept of fractional ownership.
"In Hawai'i's real estate market, $250,000 doesn't buy much — maybe a small house in Wai'anae or a condominium in an aging Pearl City high-rise. But in a developing trend, $250,000 now also can buy ownership of a luxury condo or oceanfront home in some of the state's ritziest neighborhoods."
"Growing numbers of local real-estate agents have recently begun marketing "fractional ownership" of homes where up to six buyers purchase interests, allowing each one to use the property 60 days a year."
"Homes for sale as fractional, or shared, use have emerged partly as a strategy to put Hawai'i vacation homes back within reach of more buyers who have been priced out of the market by the doubling of home values over the past five years."
"The concept also is being touted as a new option for homeowners trying to sell their property in a slowing market — possibly for more than a single buyer would pay."
"Fractional residences in Hawai'i have a little more history on Kaua'i and mostly exist in resort areas, but lately have cropped up for sale in pricey residential areas from Kane'ohe to Kailua, Kona."
"Developers also are getting into the business, buying or building homes and trying to sell them in fractions.
Some concern exists that if the trend becomes hugely popular, it will reduce resident housing inventory and generate more vacation-home demand that could drive up prices in residential neighborhoods."
"Yet the practice is largely in its infancy here, and the level of buyer demand for the product in many Hawai'i neighborhoods has yet to be demonstrated.
Brokers are finding that fractionals aren't often understood by buyers, and aren't always welcome in communities, though in part this is because fractional ownership is a widely unfamiliar concept easily confused with time-share.
Fractional homes are similar to traditional time-share that's sold in one-week intervals in that buyers in both cases purchase limited annual use of a property. But unlike most time-shares, fractional owners may use their property however they choose, including personal use, renting it out or sharing it with friends and family."
"Fractional owners also must handle maintenance and management of their homes, and often can't easily trade their use period for time at other properties like the time-share industry, which maintains vast networks for swapping time-share use.
Brokers also suggest that fractional homes are more like residential real estate that historically has appreciated, in contrast with time-share.
In a general sense, the concept of fractional home ownership is not new. Families and friends have partnered to buy homes in Hawai'i for decades."
"Fractional residences in Hawai'i have a little more history on Kaua'i and mostly exist in resort areas, but lately have cropped up for sale in pricey residential areas from Kane'ohe to Kailua, Kona.
Developers also are getting into the business, buying or building homes and trying to sell them in fractions.
New Jersey firm NorthCourse Leisure Real Estate Solutions identified $1.65 billion in sales last year of fractional vacation homes in the United States, Canada and the Caribbean based on projects with four-week minimum use, or 1/13 ownership."
BREAKOUT YEAR
"In a 2005 article in Realtor Magazine Online, Oregon-based market research and consulting firm Ragatz Associates said fractionals had their breakout year in 2004.
Local real estate agents said the fractional home sales industry has been better established in some Mainland resort markets such as Aspen, Colo., and Lake Tahoe, Calif."
"In Hawai'i, there have been some fractional home sales, mainly on Kaua'i, over the years. But to date, none have been sold on O'ahu, according to brokers who track sales data.
That seems likely to change soon.
Old Republic Title & Escrow of Hawaii for the past four months or so has been hosting educational seminars on fractionals for hundreds of local real estate agents, lenders, developers and investors statewide.
Laura Merrifield, Old Republic business development director, said the interest and excitement in the real estate community has been tremendously high."
"It's a big thing on the Mainland, and I think it's coming to Hawai'i pretty rapidly," said Frank Wandell, a developer on the Big Island who in late 2005 bought a four-bedroom Kona house to convert for fractional sale.
Wandell listed the property for sale late last year for $189,000 to $269,500 per share, and to date said he has deals for two of the six fractions."
"It's the most sensible way to own a second home," he said, adding that he plans to follow up his first fractional home with several Big Island fractional homes on 1-acre coffee farms
Several real estate agents said they view fractionals as a way to sell a home for more than they might as a whole, as well as a way to expand the potential to sell homes in a slowing market.
"It's a way to realize top dollar, and get a little more money," said Nathalie Mullinix, owner of Kailua-based firm Realty Universal Inc. "I think fractionals are a way of the future here."
"However, brokers acknowledge that it takes more effort and time to find six buyers agreeing on 60-day use periods. Financing for fractionals also isn't offered by a lot of lenders."
If you would like a list of homes in Hawaii currently being offered for sale as a fractional, please contact the Trinity Properties sales team. Perhaps owning a home on the beach in paradise may become a reality than only a dream.
"In Hawai'i's real estate market, $250,000 doesn't buy much — maybe a small house in Wai'anae or a condominium in an aging Pearl City high-rise. But in a developing trend, $250,000 now also can buy ownership of a luxury condo or oceanfront home in some of the state's ritziest neighborhoods."
"Growing numbers of local real-estate agents have recently begun marketing "fractional ownership" of homes where up to six buyers purchase interests, allowing each one to use the property 60 days a year."
"Homes for sale as fractional, or shared, use have emerged partly as a strategy to put Hawai'i vacation homes back within reach of more buyers who have been priced out of the market by the doubling of home values over the past five years."
"The concept also is being touted as a new option for homeowners trying to sell their property in a slowing market — possibly for more than a single buyer would pay."
"Fractional residences in Hawai'i have a little more history on Kaua'i and mostly exist in resort areas, but lately have cropped up for sale in pricey residential areas from Kane'ohe to Kailua, Kona."
"Developers also are getting into the business, buying or building homes and trying to sell them in fractions.
Some concern exists that if the trend becomes hugely popular, it will reduce resident housing inventory and generate more vacation-home demand that could drive up prices in residential neighborhoods."
"Yet the practice is largely in its infancy here, and the level of buyer demand for the product in many Hawai'i neighborhoods has yet to be demonstrated.
Brokers are finding that fractionals aren't often understood by buyers, and aren't always welcome in communities, though in part this is because fractional ownership is a widely unfamiliar concept easily confused with time-share.
Fractional homes are similar to traditional time-share that's sold in one-week intervals in that buyers in both cases purchase limited annual use of a property. But unlike most time-shares, fractional owners may use their property however they choose, including personal use, renting it out or sharing it with friends and family."
"Fractional owners also must handle maintenance and management of their homes, and often can't easily trade their use period for time at other properties like the time-share industry, which maintains vast networks for swapping time-share use.
Brokers also suggest that fractional homes are more like residential real estate that historically has appreciated, in contrast with time-share.
In a general sense, the concept of fractional home ownership is not new. Families and friends have partnered to buy homes in Hawai'i for decades."
"Fractional residences in Hawai'i have a little more history on Kaua'i and mostly exist in resort areas, but lately have cropped up for sale in pricey residential areas from Kane'ohe to Kailua, Kona.
Developers also are getting into the business, buying or building homes and trying to sell them in fractions.
New Jersey firm NorthCourse Leisure Real Estate Solutions identified $1.65 billion in sales last year of fractional vacation homes in the United States, Canada and the Caribbean based on projects with four-week minimum use, or 1/13 ownership."
BREAKOUT YEAR
"In a 2005 article in Realtor Magazine Online, Oregon-based market research and consulting firm Ragatz Associates said fractionals had their breakout year in 2004.
Local real estate agents said the fractional home sales industry has been better established in some Mainland resort markets such as Aspen, Colo., and Lake Tahoe, Calif."
"In Hawai'i, there have been some fractional home sales, mainly on Kaua'i, over the years. But to date, none have been sold on O'ahu, according to brokers who track sales data.
That seems likely to change soon.
Old Republic Title & Escrow of Hawaii for the past four months or so has been hosting educational seminars on fractionals for hundreds of local real estate agents, lenders, developers and investors statewide.
Laura Merrifield, Old Republic business development director, said the interest and excitement in the real estate community has been tremendously high."
"It's a big thing on the Mainland, and I think it's coming to Hawai'i pretty rapidly," said Frank Wandell, a developer on the Big Island who in late 2005 bought a four-bedroom Kona house to convert for fractional sale.
Wandell listed the property for sale late last year for $189,000 to $269,500 per share, and to date said he has deals for two of the six fractions."
"It's the most sensible way to own a second home," he said, adding that he plans to follow up his first fractional home with several Big Island fractional homes on 1-acre coffee farms
Several real estate agents said they view fractionals as a way to sell a home for more than they might as a whole, as well as a way to expand the potential to sell homes in a slowing market.
"It's a way to realize top dollar, and get a little more money," said Nathalie Mullinix, owner of Kailua-based firm Realty Universal Inc. "I think fractionals are a way of the future here."
"However, brokers acknowledge that it takes more effort and time to find six buyers agreeing on 60-day use periods. Financing for fractionals also isn't offered by a lot of lenders."
If you would like a list of homes in Hawaii currently being offered for sale as a fractional, please contact the Trinity Properties sales team. Perhaps owning a home on the beach in paradise may become a reality than only a dream.
Friday, June 22, 2007
The 5 W's of Fractional Ownership, Part 3
WHEN? People have been purchasing real property in the fractional style for hundreds of years. Only recently have we been able to legally separate the shares of ownership so as to protect the rights of all the owners. Along with this separation comes the ability to mortgage individual fractional shares.If you are interested in learning about the lenders in Hawaii who are willing to loan on a fractional ownership, please give the Trinity Properties office a call(808-247-7521). The Trinity Sales Team is eager to share their knowledge with you.Until the next time..
Our Warm ALoha!
Our Warm ALoha!
Thursday, June 21, 2007
Oahu's homes prices...tremendous
As the economic research firm "Global Insight" along with the financial services company "National City Corporation" reports that Oahu's home prices are still ranked in the top half of all places in the country with inflated prices considered extreme. The study adheres mostly to median home prices and it is the most recent study done in the real estate market.
As the study further delivers Oahu's median singles-family home cost in the first quarter was the 23rd highest of 54 U.S. housing markets with an "extreme" value. That applies to a value prices more than 34 percent above normal. For example "at $650,400, Oahu's median home prices was overvalued by 45 percent, other words $300,000.
That just confirms that is always a great idea and good buy when it comes to real estate, and even better to buy a home here in Hawaii. If you're quite not sure it's a sweet deal for you, perhaps you should come and explore the real estate options that would be suitable for you.
Trinity Properties as I know it, has all the selections and opportunities you might thinks of as it comes to luxury rentals in Hawaii, estate homes, beach houses, long term rentals and Hawaii beach front buys. Looking at the current study whatever your buyer's eye will opt for it's value will be at least 30 percent higher probably in the next couple months. As the real estate markets are growing here in Hawaii, simultaneously in all of the Islands of Aloha, you might want to know that Trinity Properties has also preffered selection of properties on the Big Island and and the Maui...Check it out. Make your choices and contact the Trinity Team...
Aloha,
Angelika
P.S. The below is extra information from the study that I mentioned above,so that you can make your own comparisons based on where you live, and if you're coming to Hawaii.
As the study further delivers Oahu's median singles-family home cost in the first quarter was the 23rd highest of 54 U.S. housing markets with an "extreme" value. That applies to a value prices more than 34 percent above normal. For example "at $650,400, Oahu's median home prices was overvalued by 45 percent, other words $300,000.
That just confirms that is always a great idea and good buy when it comes to real estate, and even better to buy a home here in Hawaii. If you're quite not sure it's a sweet deal for you, perhaps you should come and explore the real estate options that would be suitable for you.
Trinity Properties as I know it, has all the selections and opportunities you might thinks of as it comes to luxury rentals in Hawaii, estate homes, beach houses, long term rentals and Hawaii beach front buys. Looking at the current study whatever your buyer's eye will opt for it's value will be at least 30 percent higher probably in the next couple months. As the real estate markets are growing here in Hawaii, simultaneously in all of the Islands of Aloha, you might want to know that Trinity Properties has also preffered selection of properties on the Big Island and and the Maui...Check it out. Make your choices and contact the Trinity Team...
Aloha,
Angelika
P.S. The below is extra information from the study that I mentioned above,so that you can make your own comparisons based on where you live, and if you're coming to Hawaii.
Wednesday, June 20, 2007
The 5 W's of Fractional Ownership, Part 2
Aloha,
I'm back again to provide more information on Fractional ownership. You might be wondering, "Who fits the profile of the Fractional owner. Here is the second "W".
WHO? 2nd Home, 3rd Home, 4th Home Buyers are purchasing fractionals. CEO's, CFO's, COO's...VIP's. Fractionals are the modern version of the second home .If you are in any of these categories or simply in search of a second home,considering a Hawaii real estate puchase as an investment property, or if you would consider selling your Hawaii home in fractions, "FRACTIONAL is for YOU"!Please come back to our blog to learn more about this exciting opportunity or call the Trinity Properties office (808-247-7521)if you just can't wait!!
Until then..
Our Warmest Aloha
I'm back again to provide more information on Fractional ownership. You might be wondering, "Who fits the profile of the Fractional owner. Here is the second "W".
WHO? 2nd Home, 3rd Home, 4th Home Buyers are purchasing fractionals. CEO's, CFO's, COO's...VIP's. Fractionals are the modern version of the second home .If you are in any of these categories or simply in search of a second home,considering a Hawaii real estate puchase as an investment property, or if you would consider selling your Hawaii home in fractions, "FRACTIONAL is for YOU"!Please come back to our blog to learn more about this exciting opportunity or call the Trinity Properties office (808-247-7521)if you just can't wait!!
Until then..
Our Warmest Aloha
Monday, June 18, 2007
The 5 W's of Fractional Ownership
WHAT?
Fractional ownership is a percentage of ownership in real property. This can range from a 1/2 share to a 1/17 share. Every state has different rules and regulations on the minimum size of the fraction.The size of the fraction a person owns corresponds to the amoount of time he/she is entitled to use the property. For example, if a 1/2 share is purchased, the buyer is entitled to use the property 26 weeks a year. If a 1/17 share is purchased, the buyer is entitled to use the property 3 weeks a year. If you would be interested in learning about properties currently being offered for fractional sales or if you have a property you would like to sell in fractions, please call TRINITY PROPERTIES, LLC. 808-247-7521. Come back to learn about the next 4 W's of fractional ownership.
Until then...
Our Warm ALoha
Fractional ownership is a percentage of ownership in real property. This can range from a 1/2 share to a 1/17 share. Every state has different rules and regulations on the minimum size of the fraction.The size of the fraction a person owns corresponds to the amoount of time he/she is entitled to use the property. For example, if a 1/2 share is purchased, the buyer is entitled to use the property 26 weeks a year. If a 1/17 share is purchased, the buyer is entitled to use the property 3 weeks a year. If you would be interested in learning about properties currently being offered for fractional sales or if you have a property you would like to sell in fractions, please call TRINITY PROPERTIES, LLC. 808-247-7521. Come back to learn about the next 4 W's of fractional ownership.
Until then...
Our Warm ALoha
Friday, June 15, 2007
FRACTIONAL OWNERSHIP HAS ARRIVED!
While fractional ownership is not a new concept, it has been little known in Hawaii until recently. Popular in resort areas of this country such as Vail, Aspen or Miami and equally popular in Europe as well as resort areas of Mexico, Hawaii is a perfect destination to embrace the concept of fractional ownership. In my upcoming Blogs, I will be addressing the 5 W's of Fractional Ownership. I invite you back to learn more. If you are curious, have questions, and are too excited to wait, please do give us a call. At Trinity Properties, we will be happy to share what we have learned with you. Until then,
Our Warmest Aloha to you...
Our Warmest Aloha to you...
Thursday, June 14, 2007
Malino Ke Kai...the sea is calm
Most of the time summer time at the Kaimalino Kai is is peaceful and quiet but I would apply that to the neighborhood more than to the Pacific Ocean surrounding the area, which is everything but pacific. Kailua Bay is finally the perfect place for Kait Surfing with mostly enough windy conditions and gentle swells.
Well as I mentioned yesterday I visited the Kaimalino Kai, one of the jewels that Trinity Properties offers to those who long for long term vacation rentals in Hawaii. The fact that it is one island with so much visual and sightseeing varieties is something that I truly treasure as Oahu's resident. And again this time I was welcomed by tucked away by the bay side a charming set of white painted beach properties. Kaimalino Kai, which translated from Hawaiian means "quietly by the water" is one of the houses, that takes your breath away as much as the Kailua area. With heated pool, and well maintained garden it is a property one can dream of to stay in while in Hawaii. Spacious and comfortably furnished with Asian zen accents and affluence it is a property where you can't hide away from the ocean views and sounds.
Top floor, living floor, family floor actually, where you cook, dine and play looks into the ocean thanks to grand windows, and the smell of the sea is constantly flowing in through the louvers accentuating each of the windowpanes. The space and the comfort are the main features in this renovated, fascinating home. With three bedrooms, and two bathrooms, one of which actually big enough to host PJ parties or water parties, whatever that may mean to you.
Throughout the house your eyes are exposed to heart warming paintings of the very talented Stephanie (17), owners' daughter - what a joy - she and the artwork, you just can't wait to see her next masterpiece.
Marble, wood and plain designs beyond doubt highlight the character of the architecture. Design that spectacular but simple as if to give it all to the immediate sea and tropical garden surroundings.
Well, this is why you'd be here anyway, right? It is strange sometimes to know that such beautiful place might be disregarded because there is no sandy beach right there, even though the property is on the water. The sandy beaches of Kailua and Lanikai are part of the deal, but within walking distance - what an advantage actually, to be able to have a reason in this sitting era to walk around and explore the Island.
I loved the ocean energy at Kaimalino, washing off the lava rocks, happy Pele's children. I loved it all, and I knew it when I realized my breathing got deeper and my body got more relaxed.
So Just Breath... at Kaimalino Kai...
To be continued,
Angelika
P.S. New Photo Suite for the house is on it's way, so check the Kaimalino Kai at Trinity Properties....
Well as I mentioned yesterday I visited the Kaimalino Kai, one of the jewels that Trinity Properties offers to those who long for long term vacation rentals in Hawaii. The fact that it is one island with so much visual and sightseeing varieties is something that I truly treasure as Oahu's resident. And again this time I was welcomed by tucked away by the bay side a charming set of white painted beach properties. Kaimalino Kai, which translated from Hawaiian means "quietly by the water" is one of the houses, that takes your breath away as much as the Kailua area. With heated pool, and well maintained garden it is a property one can dream of to stay in while in Hawaii. Spacious and comfortably furnished with Asian zen accents and affluence it is a property where you can't hide away from the ocean views and sounds.
Top floor, living floor, family floor actually, where you cook, dine and play looks into the ocean thanks to grand windows, and the smell of the sea is constantly flowing in through the louvers accentuating each of the windowpanes. The space and the comfort are the main features in this renovated, fascinating home. With three bedrooms, and two bathrooms, one of which actually big enough to host PJ parties or water parties, whatever that may mean to you.
Throughout the house your eyes are exposed to heart warming paintings of the very talented Stephanie (17), owners' daughter - what a joy - she and the artwork, you just can't wait to see her next masterpiece.
Marble, wood and plain designs beyond doubt highlight the character of the architecture. Design that spectacular but simple as if to give it all to the immediate sea and tropical garden surroundings.
Well, this is why you'd be here anyway, right? It is strange sometimes to know that such beautiful place might be disregarded because there is no sandy beach right there, even though the property is on the water. The sandy beaches of Kailua and Lanikai are part of the deal, but within walking distance - what an advantage actually, to be able to have a reason in this sitting era to walk around and explore the Island.
I loved the ocean energy at Kaimalino, washing off the lava rocks, happy Pele's children. I loved it all, and I knew it when I realized my breathing got deeper and my body got more relaxed.
So Just Breath... at Kaimalino Kai...
To be continued,
Angelika
P.S. New Photo Suite for the house is on it's way, so check the Kaimalino Kai at Trinity Properties....
Wednesday, June 13, 2007
Fabulous Concept! Wailea Beach Villas
So much was packed into one day on Maui that I cannot write about it all at once..... I left the rustic LaPerouse oceanfront setting for the newest condo - hotel offering in Wailea ... the Wailea Beach Villas. What a fabulous concept. A condo-hotel directly oceanfront in front of ths Shops at Waialae. The two bedroom units are 2,000+ ft, the three bedroom condos are a minimum of 3,000 ft some with garden settings and their own private plunge pools. These have truly gracious floorplans, exceptionally roomy with high ceilngs and doors. All individually and impeccablly furnished and maintained. One of the great features for the Villa units is and individual garage for the unit... tremendously valuable for the owner who comes in a few times per year. Another stunning feature is the outdoor gas grill in the mini kitchen on the huge covered lanais of all the units. The view are incredible with Molokini in the distance, and the powdery beach in front of the Grand Wailea immediately next door. Look for the Wailea Beach Villa units in our inventory in the next few weeks. You'll be blown away by the level of quality of design and service. Check them out at www.trinityproperties.com
What a great trip. I cannot wait to see more of the properties and share them with you.
Also, stay tuned for more info on Fractional Ownership Management.
What a great trip. I cannot wait to see more of the properties and share them with you.
Also, stay tuned for more info on Fractional Ownership Management.
Friday, June 8, 2007
Good Time to Buy, Good Time to Sell!!
Whether you find yourself in a position of Buyer or Seller, the Hawaii real estate market is at a “balanced point between supply and demand” according to Harvey Shapiro, research economist for the Board of Realtors. The numbers are in on residential sales during the month of May, and demonstrate that it a good time to buy or a good time to sell.
The Honolulu Board of Realtors reported in Tuesday’s Honolulu Advertiser that “existing single-family homes sold last month for a median $650,000, down 2.7 percent from $668,300 a year earlier.” In all there were 357 completed sales transactions which reflects a modest 4.5 percent decline from May, 2005.
The median condo resale price in May was $325,000 reflecting in an increase in sale price of 6.2% from the $306,000 reported in May, 2006.However the number of condos sold during May, 2007, 543, reflects a decline of 10.2%.
“Median prices continue to plateau and activity is good,” said Bert Hamamoto, president of Property Profiles Inc. and the Board of Realtors. “Our expectation is that the market will maintain the current pattern for the rest of the year, subject to interest rates staying stable.”
Whatever position you may find yourself in, in the current residential market, you can count on Trinity Properties to service your every need.
Our Warm Aloha..
Thursday, June 7, 2007
"Discover the Home of Your Dreams"
Either if you a current homeowner of a future one, you might be interested to know that
The Building Industry Association of Hawaii is collecting submissions for the yearly Parade of Homes. July 13Th is the deadline for entries to display of what local housing developers are constructing here in Hawaii
You may enter the contest either as a developer or a contractor in categories that include single-family homes, town homes, time-share projects, senior-living units and apartment-to-condo conversions. This year parade is dreamily themed "discover the Home of your Dreams", which would be held Oct. 6-7 and 13-14.
Talking about Dream Homes here in Hawaii, check such gems of a house like Sunrise Retreat or Wailea Lani that are here on Oahu, or perhaps if you want to experience all of the Islands of Aloha have to offer stay on Maui...how about Villa Kumulani or on Pele's sacred grounds..perhaps you would fancy Halia Hale...
So even if you don't own any of the properties that would be able to make it to the Parade of Homes, you can own the experience of staying in one of them, while on the Islands. If you fell for any of the properties just mentioned above and you'd like to have a go with them, the very Aloha team at Trinity Properties would help you fulfill to "Discover the Home of Your Dreams" whether for short term vacation or longer affair, and if you decide to purchase your own piece of paradise they'd have incredible options for you as well...
Aloha, Angelika
The Building Industry Association of Hawaii is collecting submissions for the yearly Parade of Homes. July 13Th is the deadline for entries to display of what local housing developers are constructing here in Hawaii
You may enter the contest either as a developer or a contractor in categories that include single-family homes, town homes, time-share projects, senior-living units and apartment-to-condo conversions. This year parade is dreamily themed "discover the Home of your Dreams", which would be held Oct. 6-7 and 13-14.
Talking about Dream Homes here in Hawaii, check such gems of a house like Sunrise Retreat or Wailea Lani that are here on Oahu, or perhaps if you want to experience all of the Islands of Aloha have to offer stay on Maui...how about Villa Kumulani or on Pele's sacred grounds..perhaps you would fancy Halia Hale...
So even if you don't own any of the properties that would be able to make it to the Parade of Homes, you can own the experience of staying in one of them, while on the Islands. If you fell for any of the properties just mentioned above and you'd like to have a go with them, the very Aloha team at Trinity Properties would help you fulfill to "Discover the Home of Your Dreams" whether for short term vacation or longer affair, and if you decide to purchase your own piece of paradise they'd have incredible options for you as well...
Aloha, Angelika
A Slice of Old Hawaii, Aquariam House
June 1, 2007
From Kapalua, Autumn my guide, and I ventured to the Aquarium House at La Perouse beach at the far end of Makena in east Maui. It is at the end of the road and the rustic tropical setting belies the subtle natural beauty of this handcrafted oceanfront gem with amazing grounds, lava rock pools and cascading waterfalls. This part of Maui past Makena - away from all the resorts is truly a slice old Hawaii. Snorkel, fish or kayak all day. The Aquarium House is a two bedroom, two story tree house more suited to adults than families with small children. You are at the end of the road and a world away. Look for photos of this great property on our website soon at www.trinityproperties.com. Have a great day.
Warm Aloha, Annie
From Kapalua, Autumn my guide, and I ventured to the Aquarium House at La Perouse beach at the far end of Makena in east Maui. It is at the end of the road and the rustic tropical setting belies the subtle natural beauty of this handcrafted oceanfront gem with amazing grounds, lava rock pools and cascading waterfalls. This part of Maui past Makena - away from all the resorts is truly a slice old Hawaii. Snorkel, fish or kayak all day. The Aquarium House is a two bedroom, two story tree house more suited to adults than families with small children. You are at the end of the road and a world away. Look for photos of this great property on our website soon at www.trinityproperties.com. Have a great day.
Warm Aloha, Annie
Tuesday, June 5, 2007
ISLAND PALACE WEST MAUI
My favorite property on the tour yesterday was on West Maui - the Island Palace set on 10 acres of magnificent oceanfront just West of Napili. Truly breathtaking views and vibrant turquoise waters. The caretaker who lives on the property will bring the kayaks down to the ocean for you. This remarkable old Hawaii style property with a huge inner courtyard flanked by bedroom suites is a treasure not to be missed. Look for this to be added to our vacation rental inventory at www.trinityproperties.com in the next few weeks.
Warm Aloha,
Annie
Warm Aloha,
Annie
Monday, June 4, 2007
More Renovations on Oahu
Having to live on the Island already four years I've noticed that not only the business and shopping district underwent tremendous development but also the Oahu's neighbourhoods.
Today's paper reports on another big development for the Kalihi Valley neighborhood.
Kalihi, meaning "the edge" is a community split by the major Likelike Highway, and flanked by Moanalua, Salt Lake to the west and downtown Honolulu to the east.
This renovation project started six years ago, but due to many delays the current cost of the development proceeds $75 million dollars. 60% more to what was anticipated when it all began.
It has to be mentioned as well that this is one of the biggest public houses complexes on the islands as far as development, but also a neighbourhood that is much behind schedule in its renovations. Current finish deadline for all the renewal has been set for 2011.
Well, in the meantime there are plenty great choices on the Island, whether looking for short term, long term or buying a property. The great team at Trinity Properties just added more flavor to their Exquisite menu of the Hawaiian homes by including new estates, villas on the Island of Maui and Pele's favorite, the Big Island. Check Annie's Maui Impressions on our travel blog.
Till Tomorrow, Aloha!
Today's paper reports on another big development for the Kalihi Valley neighborhood.
Kalihi, meaning "the edge" is a community split by the major Likelike Highway, and flanked by Moanalua, Salt Lake to the west and downtown Honolulu to the east.
This renovation project started six years ago, but due to many delays the current cost of the development proceeds $75 million dollars. 60% more to what was anticipated when it all began.
It has to be mentioned as well that this is one of the biggest public houses complexes on the islands as far as development, but also a neighbourhood that is much behind schedule in its renovations. Current finish deadline for all the renewal has been set for 2011.
Well, in the meantime there are plenty great choices on the Island, whether looking for short term, long term or buying a property. The great team at Trinity Properties just added more flavor to their Exquisite menu of the Hawaiian homes by including new estates, villas on the Island of Maui and Pele's favorite, the Big Island. Check Annie's Maui Impressions on our travel blog.
Till Tomorrow, Aloha!
Friday, June 1, 2007
Annie says Aloha from the North Shore
Simply gorgeous day at Turtle Bay. My husband had a two day business meeting here and I drove up with our daughter for dinner, sunset and a swim. What a stunning drive along the Windward coast of Oahu. You simply never tire of it or take it for granted. Trinity Properties wi be adding some a new vacation rental at Waimea Bay. Cannot wait to see it next week.This month there is a "blue moon" two full moons in one month. I think unmakes it especially brilliant or maybe I am just paying more attention and appreciating it more being away from Kaneohe, Kailua and the vacation rentals.We are staying at the cabanas at the Turtle Bay Resort. These are approximately 30 single story ultra luxe, ultra spacious suites with fabulous baths, big cushy beds and a gracious private lanai spilling out onto the lush lawns and gardens dotted with plenty of hammocks and chaise lounges. The rugged, yet pristine beach is just a stones throw from the cabanas. Its so hard to move once you settle into one of the hammocks. Even the juiciest novel loses its appeal when there is no much of natures brilliance to captivate your senses.Our families vacationed here often before it was transformed from local style bungaloes where everyone gathered and brought their coolers and hibachis for fabulous dinners into a pricey world class resort. The south cabanas were coverted into three story fabulous condos, the Ocean Villas, were owners and guests can take advantage of the resort amenities. They are filming a movie or a scene from LOST in front of the Villas tonight. I think I'll check it out.Until next time. Warm Aloha, AK
Friday, May 25, 2007
Historic Manoa Property for sale
Well, if you're one of the truly blessed to already live on Oahu or you're about to move here, you might find of interest a story about the historic Manoa Valley Inn sale, that Honolulu Advertiser wrote about this week. Built in 1912 as a expansive family home, was turned into private bed-and-breakfast property. Building itself in on the National Register if Historic Places. With seven bedrooms, and additonal cottage it is a great buy for a growing family. You can read and check out the photo gallery at http://www.honoluluadvertiser.com/apps/pbcs.dll/article?AID=2007705210327. Well if you're looking for something else though, still on the islands, check my earlier blogs. I brought you my very personal accounts of some of the greatest properties on Oahu. Also whether you're looking for long term rentals or short term, or to buy a Hawaiian dream home, Trinity Properties Team has it all, and what a team its is...
Weekly Real Estate Brief
Aloha All,
It is Aloha Friday again, and a beautiful long May weekend ahead of us. So much to do, be and live...
If you've been wondering on the latest news on the real estate in Hawaii, there had been quite few good developments, especially if you're interested in buying a property on the Islands of Aloha. Check out my and Mary's earlier blogs, in the meantime, here are the news from this week.
It is Aloha Friday again, and a beautiful long May weekend ahead of us. So much to do, be and live...
If you've been wondering on the latest news on the real estate in Hawaii, there had been quite few good developments, especially if you're interested in buying a property on the Islands of Aloha. Check out my and Mary's earlier blogs, in the meantime, here are the news from this week.
REAL STORY ON HAWAII REAL ESTATE MARKET
Aloha,
At the Windward Regional Meeting of the Board of Realtors that I attended, Harvey Shapiro, the Honolulu Board of Realtors Resident Economist spoke about the real story on Hawaii real estate market. He addressed the misconception sometimes published as headlines in our local paper that the "bottom is falling out" of our current market. Good news, it is not! The somewhat reduced demand for housing has stabilized this market making it better for Buyers and still a good time to sell for Sellers! While the median sale price for single family homes, in 1st Qtr. 2007, is $620,000 on Oahu, it is a change of only 0.8% in the median price for same same Qtr. in 2006. However, there were 865 single family homes sold in 1st Qtr. 2007, compared to 943 in the 1st Qtr. 2006, a change of 8.3%. This change can be attributed to less affordability and changes that have occurred in the lending patterns. In the early 2000's 85% of the loans were ARMS! Today, ARM rates are not as attractive as fixed rates and therefore less people are able to qualify for fixed rate loans.
I will share more with you in future blogs on the current state of the real estate market. I hope you find this information helpful and visit us often to learn more. To view properties for sale, please select "REAL ESTATE SALES "on the Trinity Properties website.
Until the next time.. our warmest aloha to you!
Mary Farkash for Trinity Properties
808-247-7521
At the Windward Regional Meeting of the Board of Realtors that I attended, Harvey Shapiro, the Honolulu Board of Realtors Resident Economist spoke about the real story on Hawaii real estate market. He addressed the misconception sometimes published as headlines in our local paper that the "bottom is falling out" of our current market. Good news, it is not! The somewhat reduced demand for housing has stabilized this market making it better for Buyers and still a good time to sell for Sellers! While the median sale price for single family homes, in 1st Qtr. 2007, is $620,000 on Oahu, it is a change of only 0.8% in the median price for same same Qtr. in 2006. However, there were 865 single family homes sold in 1st Qtr. 2007, compared to 943 in the 1st Qtr. 2006, a change of 8.3%. This change can be attributed to less affordability and changes that have occurred in the lending patterns. In the early 2000's 85% of the loans were ARMS! Today, ARM rates are not as attractive as fixed rates and therefore less people are able to qualify for fixed rate loans.
I will share more with you in future blogs on the current state of the real estate market. I hope you find this information helpful and visit us often to learn more. To view properties for sale, please select "REAL ESTATE SALES "on the Trinity Properties website.
Until the next time.. our warmest aloha to you!
Mary Farkash for Trinity Properties
808-247-7521
Tuesday, May 22, 2007
Featured Kailua Home for Sale
Aloha!
If you are fortunate to find yourself in paradise perhaps vacationing at one of our
Hawaii Vacation Homes or a resident of Hawaii already, Sunday afternoon affords you the opportunity to preview homes currently on the market for sale. Sunday Open House is open to the public from 2-5 p.m. If you would prefer to be accompanied by one of our professional agents or would like to preview it at another time, please call our office to arrange an appointment, 808-247-7521. We will be happy to accommodate your schedule.
This Sunday I happened to visit a home that is only a block and a half away from famous Kailua Beach Park. Listed at $1,295,000 by Coldwell Banker Pacific Properties, this featured home was newly built in 1996, with 4 bedrooms, 4 baths and has many fine features including large bedroom suites, high vaulted ceilings, Danish cabinetry and covered decks. One of the bedrooms has a separate entrance with a wet bar. Perfect for extended family or guests! We at Trinity Properties will be happy to represent you as our Buyer on the purchase of this home as well as many other properties for sale in Hawaii. To view other properties, please select
"REAL ESTATE SALES "on the Trinity Properties website.
Until the next time.. our warmest aloha to you!
If you are fortunate to find yourself in paradise perhaps vacationing at one of our
Hawaii Vacation Homes or a resident of Hawaii already, Sunday afternoon affords you the opportunity to preview homes currently on the market for sale. Sunday Open House is open to the public from 2-5 p.m. If you would prefer to be accompanied by one of our professional agents or would like to preview it at another time, please call our office to arrange an appointment, 808-247-7521. We will be happy to accommodate your schedule.
This Sunday I happened to visit a home that is only a block and a half away from famous Kailua Beach Park. Listed at $1,295,000 by Coldwell Banker Pacific Properties, this featured home was newly built in 1996, with 4 bedrooms, 4 baths and has many fine features including large bedroom suites, high vaulted ceilings, Danish cabinetry and covered decks. One of the bedrooms has a separate entrance with a wet bar. Perfect for extended family or guests! We at Trinity Properties will be happy to represent you as our Buyer on the purchase of this home as well as many other properties for sale in Hawaii. To view other properties, please select
"REAL ESTATE SALES "on the Trinity Properties website.
Until the next time.. our warmest aloha to you!
Friday, May 18, 2007
'E KOMO MAI' Welcome to the Trinity Properties Real Estate Blog!
"E KOMO MAI" Welcome to the Trinity Properties Real Estate Blog!
As real estate professionals with over 20 years of success in the business of representing Buyers and Sellers in the Hawaii Residential real estate market, it is our goal to share our market knowledge and experience as well as community information on life in the beautiful islands of Hawaii.
We hope that you find the information in this blog helpful and interesting and that you will come back frequently to read our updates. Please feel free to send us your comments or questions. We love to hear from you!
Our warmest Aloha!
As real estate professionals with over 20 years of success in the business of representing Buyers and Sellers in the Hawaii Residential real estate market, it is our goal to share our market knowledge and experience as well as community information on life in the beautiful islands of Hawaii.
We hope that you find the information in this blog helpful and interesting and that you will come back frequently to read our updates. Please feel free to send us your comments or questions. We love to hear from you!
Our warmest Aloha!
Subscribe to:
Posts (Atom)