Oahu Visitor's Guide to Real Estate

8/14/2019 Oahu Visitor's Guide to Real Estate

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Century 21 All Island / Waikiki Offi

ce

CENTURY 21 All Islandsis the largest CENTURY 21 organization in Hawaii

with 9 offices located throughout the State. With more than 20 years in

real estate business, our highly-trained sales force is dedicated to providing

you with top-quality professional assistance.

We have the support and benefit of belonging to the largest, most recognized

real estate organization in the world with more than 7,800 offices

located in over 42 countries and territories worldwide.

Whether you have an interest in a little grass shack or a fine home or estate,

we can help you effectively navigate the Hawaii Real Estate Market.

PROPERTY LISTING / MARKETING SERVICE

CENTURY 21 All Islands offers extensive marketing for your property, giving

you the best opportunity to sell your property in the shortest amount

of time for the highest possible price. We design a customized marketing

system to enhance its appeal and maximize its exposure in the marketplace

by using our strategic approaches to online and offline marketing

Visitors Guide to Oahu Real Estate


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by using our strategic approaches to online and offline marketing


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LeaseholdvsFee Simple

FEE SIMPLEFee simple ownership is probably the most familiar form of ownership to buyers of residentialproperty, especially on the Mainland. Fee simple is sometimes called fee simple absolutebecause it is the most complete form of ownership. A fee simple buyer acquires ownership of the

entire property, including both the land and building. The fee simple owner does not pay groundsrent, but does pay real property taxes. The fee simple owner has the right to possess, use anddispose of the land as the fee simple owner wishes--sell it, give it away, trade it for other things, leaseit to others, or pass it to others upon death.

LEASEHOLDThe leasehold interest is created when a fee simple land-owner enters into an agreement orcontract called a ground lease with a lessee. A lessee buys leasehold rights much as one buys fee

simple rights; however, the leasehold interest differs from the fee simple interest in severalimportant respects. First, the buyer of residential leasehold property does not own the land andmust pay ground rent. Second, the use of the land is limited to the remaining years covered bythe lease. Therefore, the land returns to the fee simple land-owner in a process called reversion.Depending on the provisions of any surrender clause in the lease, the buildings and otherimprovements on the land may also revert to the fee simple land-owner.

Questions to ask before you buy leasehold propertyHow long is the lease term? When is the expiration date, and is there an extension clause?How much is the lease rent?When are the lease rent renegotiation dates?How will the new lease rent be determined?What are the terms of the surrender clause?

Authorized by the Hawaii State Legislature and the State's Housing Finance and Development Corporation

Comparing Vacation PropertiesComparing the many ways you can get your hands on a vacation property.


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$0

$80

$160

$240

$320

$400

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

$142$163

$181$187$169

$116

$88$73$67

$43$55

$226$228

$255$244

$214

$186

$135$125$114$101

$85Avera

gePrice(x$1,0

00)

%indicates appreciation / depreciation rate per year

Studio w/ Full Kitchen & 1 Parking

Studio w/ Kitchenette & No Parking

STUDIO WAIKIKI FEE SIMPLEHISTORICALAVERAGE PRICES

16%

11%

11%9%

7%

27%

24%

12%4%

22%

36% 8%17%

24%

31%10% 3%

10%

$120

$240

$360

$480

$600

$313$346$352

$369

$329

$275

$199$176$161

$145$142v

erageP

rice(x$1,0

00) 1 BEDROOM SOLD

%indicates appreciation / depreciation rate per year

1-BEDROOM WAIKIKIFEE SIMPLE HISTORICALAVERAGE PRICES

2%9%

12%

16%11%

5%

28%

10%

1%

2%

13%

10%


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what's hot! REOs / Bank-Owned

SOLD:$850,100 SOLD:$890,000'09 ASSESSED VALUE:$1,010,400 '09 ASSESSED VALUE: $1,559,600

49Oahu REOs for SALE 54 PENDING (under contract)

214 SOLD (January - Oct '09)

103 SOLD in 200834 SOLD in 2007

22 SOLD in 2006

277SOLD in 2009

103SOLD in 2008

34SOLD in 2007

22 SOLD in 2006


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EWA (WEST) WAIKIKI:

(1) 1717 Ala Wai

(2) Ala Wai Terrace

(3) Allure Waikiki

(4) Bel Aire

(5) Canterbury Place

(6) Chateau Waikiki

(7) Discovery Bay

(8) Hale Moani

(9) Hawaiian Monarch (condo hotel)

(10) Ilikai Apartments (condo hotel)

(11) Ilikai Marina

(12) Inn on the Park

(13) Kalakauan

(14) Kalia, The

(15) Keoniana

(16) La Casa

(17) Lanikea At Waikiki

(18) Luana Waikiki (condo hotel)

(19) Marina Towers

(20) Oahu Surf 1

(21) Oahu Surf 2

(22) Palms At Waikiki (condo hotel)

(23) Pavillion At Waikiki

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(24) Regency Ala Wai

(25) Royal Aloha

(26) Royal Garden (condo hotel)

(27) Tradewinds Hotel

(28) Waikiki Landmark

(29) Wailana At Waikiki

(30) Waipuna

(31) Watermark, The

(32) Windsor, The

(33) Villa On Eaton Square

CENTRAL WAIKIKI:

(1) 2121 Ala Wai

(2) 444 Nahua

(3) Ala Wai Palms

(4) Aloha Lani

(5) Aloha Towers

(6) Boulevard Tower

(7) Fairway Villa

(8) Four Paddle(9) Island Colony (condo hotel)

(10) Kaiolu Sunrise

(11) Loft At Waikiki

(12) Marine Surf Waikiki (condo hotel)

(13) Palms, The

(14) Regency On Beachwalk (condo hotel)

(15) Seaside Towers

(16) Trump Tower Waikiki (condo hotel)

(17) Wailina

(18) Waikiki Shore (condo hotel)

EAST WAIKIKI:

(1) 250 Ohua

(2) 2465 Kuhio

(3) Ala Wai Townhouse

(4) Bamboo (condo hotel)

(5) Canal House

(6) Diamond Head Vista

(7) Fairway Manor

(8) Foster Tower(9) Governor Cleghorn

(10) Kealani

(11) Kuhio Village I & II

(12) Leisure Heritage Apts.

(13) Liliuokalani Gardens

(14) Monte Vista

(15) Pacific Monarch (condo hotel)

(16) Scandia Towers

(17) Waikiki Banyan (condo hotel)

(18) Waikiki Beach Tower (condo hotel)

(19) Waikiki Skytower

(20) Waikiki Sunset (condo hotel)

(21) Waikiki Townhouse

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Waikiki Trade Center2255 Kuhio Ave.

ground floor acrossfrom Starbucks

WAIKIKI CONDOMINIUM MAP

12 34

5

6 7911108

12

13

14

15

16

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18

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11 2

103 5

4 15

6

8

9

12

137 14

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19,21 20

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Oahu Visitor's Guide to Real Estate

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