This is a very informative video shared by Paul Brewbaker, our go to economist for understanding the impact world events have on Hawaii’s local housing market. As with most information of this nature, there is a time lag to process the data. Oahu existing home sales prices started drifting off trend as early as 2018, however we didn’t see any collapse in prices as of May 2020. We did see a drop which was precipitated by the crack down on undocumented vacation rentals, but even with Covid-19 we did not see a collapse as of May. Will be looking forward to Paul’s next briefing, via Zoom of course.
Setting foot on our beautiful island of Oahu for the first time whether you’re coming here for a long awaited vacation or moving to Hawaii for work, the first thing to be aware of is Honolulu’s fines for cell phone use. Before you start driving to the North Shore, unpack your phone holder for your car. Fines can be stiff at $250-$300 depending if you’re in a restricted area like a school or construction zone. Basically, your engine cannot be running and your car must be parked but not in the way of traffic which means you can’t hold your phone while you’re idling at a light or stop sign. Just holding your phone can warrant a ticket. Nowadays, cell phone holders are as cheap as $6.99 on Amazon so it wouldn’t hurt to order one before you leave for Hawaii. At that price, if you forget it in the rental car you won’t kick yourself when you get home.
Most of you are not surprised about fines for using your phone while driving but this one you might be as Honolulu is the first major city in the United States to pass a law against pedestrians viewing a mobile device while crossing the street. You can talk on your phone while crossing the street but your eyes need to be mobile and not glued to your device, no texting. The fines start at $15-35 and go up for repeat offenders and I’m pretty sure you’d rather spend that sipping on a Mai Tai at Waikiki Beach.
Just a head's up, walking and texting may not be illegal on the outer islands...
Not surprising, there is a lot of thought that goes into buying a property and as soon as you get the tickle in your brain that you might want to consider purchasing a home, buyers need to shift into the negotiation mode ... before walking out your front door or picking up your phone to text your best friend about this new revelation you’ve made.
45-20B Malulani St., Kaneohe, HI
$ Click for current price
4 BEDROOMS | 3 (2 full, 1 half ) BATHROOMS | 2384 SQUARE FEET
Unique custom built Kaneohe contemporary featuring sunroom on top floor with outside entrance and beautiful views of K Bay and vegetation. The lanai and windows offer a liberating feeling. The main level features the kitchen, dining room, 3 Bedrooms and full bath. A few steps up & you’ll enter a private master BR suite with a newly renovated master bathroom with double sinks and a soaking tub. A large spacious living room for entertaining is off the front lanai and is adjoined by the indoor laundry room & powder room with access to the very private rear yard.