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Oahu Housing Inventory Continues to Rise

1/30/2019

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Several favorable market conditions are combining to create a window of opportunity for prospective homebuyers in early 2019. Median prices have stabilized, and inventory levels are rising, thanks in part to new development in the urban core. With interest rates at their lowest point in the past ten months, prospective home-buyers should act now—before median prices and interest rates continue to climb.

Overview Of The Market

Data reflects the 12-month period ending in December 2018, compared to the previous 12-month period.
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The Central Ala Moana | Market Unit Results

1/7/2019

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​HOW DID YOU DO? IF YOU SIGNED UP FOR MARKET UNITS YOU CAN FIND YOUR RESULTS HERE

The other day was probably the most hectic day for buyers looking to buy a market unit at The Central Ala Moana. Market buyers were literally camped out in front of a computer/phone waiting for the start time to sign up online. The 202 Market units are offered to "owner occupants" who plan to reside in the unit. Part of the application was to submit a pre-qual letter along with a notarized owner occupant affidavit. Those who submitted their paperwork were allowed to sign up online via EventBrite on a first-come-first-serve basis. The developer stated the EventBrite link would go live at 10am on January 5th. There were also strict rules, the EventBrite sign up link was only open for 1 day and if you registered twice, you would go to the end of the list. If there are any left over units after owner occupant, they will then be opened to the unrestricted release (may be bought by investors or by those wanted to live in the unit). 

Prior to signing up online, there was just about 404 people who submitted paperwork, but only 367 signed up during the allotted time. Depending on what unit you want, there is a good chance you may get something. The reason is simple, not everyone chooses during their selection period. Some people simply do not show up, and others pass due to the lack of inventory of their desired units, or the units left are too expensive and exceed their pre-qualification letter.  Unit selection begins on the 3rd week of January 2019. ​
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Written By: Jonathan Pang (R)
Jonathan Pang (R) and Locations LLC DOES NOT represent the Developer/Seller but are Buyer's Agents in respect to any sale within The Central Ala Moana. The Seller/Developer, SamKoo Pacific, LLC is represented by Century 21 iProperties Hawaii.
​As a buyer's agent, Jonathan will be there to help you every step of the way and will look after your best interests. Jonathan is a full-time Realtor in the state of Hawaii and a Broker-In-Charge at Locations LLC who specializes in new project construction on Oahu. All blog posts here were created by Jonathan Pang and may contain personal opinions and thoughts by the author. 
Jonathan's has most recently helped the Howard Hughes Association as a sales team member for Aalii in Ward Village and has successfully helped clients with the sales of Anaha, Aeo, Akoko, Hauoli Lofts, Ke Kilohana, Keauhou Place, Symphony, Seabridge, and Kapiolani Residence.
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The new construction projects listed on The Dream Team Hawaii website are represented by their own project companies and designated project brokerage firms. The Dream Team Hawaii and all its members, along with our designated companies do not represent the Developer/Seller but are Buyer’s agents with respect to any sale. For projects that are being represented by our companies, there will be an additional disclosure on the individual project page. All images, renderings, photos & videos are courtesy of the developers and are subject to change at any time. 

Compass fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Real estate agents affiliated with Compass are independent contractor sales associates and are not employees of  Compass. ​Please contact us should you have any real estate questions that come to mind. It is always recommended to have representation for any sale (existing or pre-sale). 

Proudly Serving All of Oahu

Compass | RB-23206
  • Home
  • New Projects & Development
    • Aalii Ward Village
    • Azure Ala Moana
    • Hawaii City Plaza
    • Hawaii Ocean Plaza
    • Koula Ward Village
    • Hoopili
    • Ililani in Kakaako
    • Koa Ridge
    • Mandarin Oriental | Manaolana Place
    • Ohana Hale
    • Seabridge - Ewa Beach
    • Sky Ala Moana
    • The Central Ala Moana
    • The Park Ward Village
    • Victoria Place Ward Village
    • 1500 Kapiolani
  • Your Home Value
  • About Us
    • Chris Tasaka's Bio
    • Jerick Robinson's Bio