Real Estate Sales Data for Maui for October 2014

Source: Realtors Association of Maui

Single Family Home Sales Data for the Island of Maui
October 2014 - 80 Houses Sold - $564,000 Median Price
October 2013 - 82 Houses Sold - $540,000 Median Price

Condominium Sales Data for the Island of Maui
October 2014 - 94 Condos Sold - $407,000 Median Price
October 2013 - 98 Condos Sold - $347,000 Median Price

Source: Honolulu Star Advertiser, 11-8-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
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Real Estate Sales Data for the Island of Kauai for October 2014

Source: Hawaii Information Services

Single Family Home Sales Data for the Island of Kauai

October 2014 - 35 Houses Sold - $475,000 Median Price

October 2013 - 32 Houses Sold - $580,000 Median Price

Condominium Sales Data for the Island of Kauai

October 2014 - 29 Condos Sold - $226,675 Median Price

October 2013 - 33 Condos Sold - $320,000 Median Price

Source: Honolulu Star Advertiser, 11-7-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Real Estate Sales Data for the Big Island of Hawaii for October 2014

Source: Hawaii Information Services

Single Family Home Sales Data for the Big Island of Hawaii

October 2014 - 146 Houses Sold - $325,750 Median Price

October 2013 - 160 Houses Sold - $266,500 Median Price

Condominium Sales Data for the Big Island of Hawaii

October 2014 - 49 Condos Sold - $295,000 Median Price

October 2013 - 62 Condos Sold - $219,475 Median Price

Source: Honolulu Star Advertiser, 11-7-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Real Estate Sales Data for the Island of Oahu for October 2014

Source: Honolulu Board of Realtors

Single Family Home Sales Data for the Island of Oahu

October 2014 - 298 Houses Sold - $690,000 Median Price

October 2013 - 290 Houses Sold - $640,000 Median Price

Condominium Sales Data for the Island of Oahu

October 2014 - 448 Condos Sold - $352,750 Median Price

October 2013 - 419 Condos Sold - $325,000 Median Price

Source: Honolulu Star Advertiser, 11-7-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Foodland to Close Its Ala Moana Center Location

Foodland Super Market Ltd. has announced that they will be closing their Ala Moana Center location after 55 years of serving that neighborhood.  Officials with the company cited higher rents as the reason why they would not be renewing their lease, but has promised to find all of the store's employees positions at other Foodland locations on Oahu.  Jenai Wall, the chairwoman and CEO of Foodland, stated, "Our company has operated a store at Ala Moana since statehood so the decision to leave the center after all these years was not an easy one, especially because of the impact the closing will have on our loyal employees and customers. Yet, while it truly saddens us to say 'goodbye' to Ala Moana, the challenges and costs of operating a store in this location today made it impossible for us to justify staying."

Francis Cofran, the general manager of Ala Moana Center, commented, "Ala Moana Center has enjoyed its long relationship with Foodland. As one of the original tenants that opened in 1959 with Ala Moana Center, Foodland will always remain a special part of the center's history. We appreciate the 55 years of partnership we have shared with Foodland and its employees and wish the company continued success serving Hawaii."

Source: Honolulu Star Advertiser, 11-6-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
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www.myhawaiidreamhome.com

Walgreens Considering Selling Their Ala Moana Location

Walgreens Co. has announced that they are considering selling their Ala Moana store location, which is on the corner of Kapiolani Boulevard and Keeaumoku Street across from the Ala Moana Center.  Walgreens has just built an adjacent parking structure to this location which is designed to support a 20-story tower. Colliers International, a commercial real estate firm, has been retained to market the property.  Colliers marketing material stated, "The site provides for various redevelopment options. The demand and prices for new high-rise luxury residential condos in the urban core substantiate the construction costs."  An asking price has not been released to the public.

Source: Honolulu Star Advertiser, 11-4-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com

Kapolei Lofts Breaks Ground

Developer Forest City Enterprises Inc has announced that the Kapolei Lofts development will break ground this week and is expected to complete its first homes in the fourth quarter of 2015.  Kapolei Lofts will feature 499 rental apartment units and will cost approximately $140 million to complete. Spokesman Dave Rae stated, "We're very excited about it, not just for bringing people to the urban area of Kapolei, but also meeting an incredible need for rental housing."

According to the developer, the Kapolei Lofts will be available at largely market-price rents, though 20 percent of the units will be affordable to lower-income households. Units will range in size from 400 sq ft one-bedrooms, all the way up to 1,200 sq ft three bedrooms and will cost between $1,250 to $3,200 per month.  The complex will feature a resort style pool, a cybercafe, a bike-sharing fleet, a gym, and rooms for meetings and entertainments.  Rental applications will be accepted starting next summer.

Source: Honolulu Star Advertiser, 11-2-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com