Half-million-dollar housing

[kimo55]

Re: Half-million-dollar housing

they sing a contract stipulating this may occur. so they have no recourse.

[MadAzza]

Re: Half-million-dollar housing

they sing a contract stipulating this may occur.

Neat-O. Is that like a barbershop quartet?

(OK, spelling flames are pretty weak, but I couldn't help myself ...)

[kimo55]

Re: Half-million-dollar housing

Neat-O. Is that like a barbershop quartet?

all fore of them. In unionison

[Glen Miyashiro]

Re: Half-million-dollar housing

The median sale price on O'ahu dropped slightly to $599,000 in July, down from the high of $610,000 in May. However, the more expensive areas are still sky-high:

In higher-demand regions of Oahu, median sales prices went through the roof last month, said Jim Mazzola, principal broker at the Windward office for Coldwell Banker Pacific Properties.

More than half of the buyers in Hawaii Kai paid $922,500 for a single-family home last month. That was followed closely by Kailua and the North Shore, where the median prices reached $885,000 and $787,500, respectively.

(Star-Bulletin)

[Miulang]

Re: Half-million-dollar housing

Maybe the Hawai'i housing souffle is finally deflating a bit. They reported the same kind of thing happening on Maui for June and July, too. Of course, the houses are still way overvalued, even though the prices have come down slightly.

Miulang

[Miulang]

Re: Half-million-dollar housing

Private residential housing prices on Maui may have leveled off or dipped, but the market for resort residences (the ones in the planned resort communities like Wailea and Kapalua) are still red hot. People from the mainland are welcome to those, because it generally means they won't be permanent residents, but leave the other housing to the locals and make it affordable!

Miulang

[Miulang]

Re: Half-million-dollar housing

Gee, I don't know if this makes you feel warm and fuzzy about the Honolulu housing market, but Honolulu is not the most overpriced area in the country. Honolulu is only 77th out of 299 major metropolitan areas that have overpriced houses. But in Honolulu, houses are costing about 23% more than they're worth. You want undervalued real estate? Go to College Station, TX.

Miulang

[MadAzza]

Re: Half-million-dollar housing

You want undervalued real estate? Go to College Station, TX.

Well, of course. It's in Texas!

<snicker>

[Miulang]

Re: Half-million-dollar housing

Anybody know how far away this new Centex multimillion dollar per condo development at Ko Olina is going to be from the central landfill???? and who do you think will buy the units? Out of towners or locals?

Miulang

[Glen Miyashiro]

Re: Half-million-dollar housing

Anybody know how far away this new Centex multimillion dollar per condo development at Ko Olina is going to be from the central landfill???? and who do you think will buy the units? Out of towners or locals?

As the crow flies, about 4000 feet. Check out this Google Map -- set it to "Hybrid" view and you'll see the landfill at the top of the page. Zoom in one notch and you'll see that Waiali‘i Place, where the new condos are sited, is the little street south of Kamoana Place, next to the second-furthest-north of the four artificial beaches.

[Miulang]

Re: Half-million-dollar housing

As the crow flies, about 4000 feet. Check out this Google Map -- set it to "Hybrid" view and you'll see the landfill at the top of the page. Zoom in one notch and you'll see that Waiali‘i Place, where the new condos are sited, is the little street south of Kamoana Place, next to the second-furthest-north of the four artificial beaches.

Thnks, Glen. I know Oahu is an island with limited acreage, but geez...to spend $2 million to be less than a mile from a landfill? Eeew...what happens when the wind direction shifts...

Miulang

[Glen Miyashiro]

Re: Half-million-dollar housing

Thnks, Glen. I know Oahu is an island with limited acreage, but geez...to spend $2 million to be less than a mile from a landfill? Eeew...what happens when the wind direction shifts...

Not to mention, if you look at the traffic patterns, you'll see that to get in and out of that whole luxury development, you drive on Farrington Highway and get off on Ali‘inui Drive. That turnoff is less than 1000 feet from the landfill's driveway, on the other side of a small hill, where trucks drive in and out all day long.