Hawaii Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Oct. 20, 2019

Blue Lagoon Beachfront North Shore Home

Blue Lagoon

Haleiwa beachfront home blue lagoon aerialRustic beachfront Blue Lagoon home frequented by movie stars and the jet set, halfway between Chuns Reef and Waimea Bay.

sunset beach haleiwa blue lagoon

Located on the secret “Blue Lagoon” on a private road off Kamehameha Hwy.  This charming plantation era home offers a 3 bedroom and 1.5 bath main house and a separate beachfront studio with 1 bath.

pupukea beach home for sale hawaii

Relax and enjoy swimming and snorkeling in crystal clear water or kayaking to Waimea Bay right from your oceanfront yard.  Perfect spot for watching whales, green sea turtles and daily sunsets from your beach chair with a glass of wine.

Kawailoa Beachfront Haleiwa Hawaii

Surf popular and uncrowded surf spots like Leftovers, Uppers, Chuns Reef and Alligators right in front of the home!

North Shore Hawaii Beachfront Home

The home is owned by the film director & producer of Grease, The Blue Lagoon and The North Shore.

Shaby Chic North Shore Beach house

The listing includes 2 parcels TMK 161-012-019 and 161-012-020 totaling 18,474 sqft.

This is a legendary trophy property waiting for someone to design an amazing new home with the best location and view we think that exists on Oahu.

Classic beach house North Shore Hawaii

The value is in the beachfront land and the very beautiful Blue Lagoon right in front of the home. Truly one of a kind.

Asking $5,500,000

Oct. 7, 2019

Ten Acres Waialua Land for sale

Ten Acres for sale Waiaua Hawaii Oahu

waialua land for sale oahu hawaii

Plowed and ready to grow in rich alluvial soils.

 

10 acres of rich premium farmland on Waialua River located on Thompson Corner at the beginning of Waialua and Haleiwa for prime corner location and ability to attract consumers to your farm operation for direct sales. Perfect for farm to table operation or direct sales to public via food stands,Kayaking adventure tour or commercial kitchen. River front access to ocean and North Shore beaches.

mango trees waialua Oahu

Waialua Mango Trees

 

Paddle your Kayak or drive your small boat to explore, surf, fish or just go crabbing from your back yard. Elevated building pad above flood zone on a hill top looking over the farm. Can build 2 farm dwellings with supporting structures, barns & facilities.

 

waialua 10 acre land map north shore oahu

The 10 acre Waialua lot for sale above has two X and circle on it.

 

Currently being farmed with Avocado, Mango, Taro, Banana, Papaya, Green Onion, Sour Sap, Sapodilla and more. You can CPR the lot into two 5 acres parcels each one is alowed to have a farm dwelling home up to 5,000 sq.ft on the first floor and can be two stories tall. Plus additional structures to support the farm activity like barns and green houses. 

waialua land for sale oahu north shore

Call Ralph Gray at 808-295-0704 or go to www.HawaiianBeachfront.com for more information.

Asking $1,395,000

Oct. 1, 2019

Top Ten Waterfalls in Hawaii

The landscape of Hawaii is known for some of the most captivating waterfalls in the world. Here are some of the best you can check out:

1. Wailua Falls

It is one of the most famous falls in Hawaii, with two parallel water jets rolling into Wailua River. You can easily view this natural spectacle at Maalo Road. Sometime back, Wailua Falls featured in a TV show, Fantasy Island, which is a testimony of its lovely scenery.

2. Sacred Falls

Sacred falls are one of the most captivating waterfalls in Hawaii; with over 1100-foot fall. Its dangerous nature makes it banned from public exploration.

Do not worry, though; you can visit Team Gray to find various ways on how to access the waterfall.

3. Waimoku Falls

At 400ft, Waimoku Falls is one of the tallest in Hawaii, which you can easily access without using a helicopter. Besides, the waterfall runs all year through, even though larger during the rainy season.

4. Lulumahu Falls

With the best trails in Hawaii, Lulumahu is one of the most drawing spots you will ever find. It is located inside a bamboo forest, making it a little challenging to find. The tasking adventure will be worth it in the end.

Consider obtaining a permit before getting to it to avoid cases of trespass.

5. Hanakapiai Falls

Described as "gorgeous but challenging," Hanakapiai Falls is a 300 feet high waterfall located at the Na Pali side of Kauai Islands. It is accessible through a 2-mile hike. Be prepared to cross slippery mud, tree roots and boulders along the trail.

6. Waimea Falls

Located in Waimea Valley, it is one of the most accessible waterfalls in Hawaii. Several historical sites surround it, and a botanical garden to explore.

You can also swim at the pool in order to cool off.

7. Waialeale Falls

You can reach the foot of this waterfall through a thrilling and treacherous hike. Even though the area experiences flash floods from time to time, you need to have a guide. Alternatively, you can opt to view it from a helicopter if you are not up for the hike.

8. Kapena Falls

Kapena is a tiny waterfall in Hawaii that is easily accessible. Tourists tend to go for birding, hiking or nature trips around the falls. You can also opt for the cliff-jumping into the pool for a more exhilarating hike.

9. Manoa Falls

Manoa Falls is accessible through a 1-mile trail that is great for beginners and those looking for short hikes. 150ft fall is surrounded by a lush rainforest that appeared in scenes on TV shows like “Lost” and the original "Jurassic Park."

10. Waimano Falls

Are you in the moods for a short yet adventurers hike? Head over to Waimano Falls.

 

Oct. 1, 2019

Top Ten Things To Do In Hawaii

Oahu is a top destination for travelers the world over. It allows some of the most indulging and fun experiences for adventure and making memory. Team Gray recommends you try out these activities when visiting Hawaii.

1. Road trip around Oahu

The best way to have a look at the paradise that is Oahu is to take a road trip. You need to check beforehand and have the maps of the place. Confirm the traffic conditions, weather, and timing for the best road trip. You can rent a car at the airport or form other rental services around.

2. Swimming at the beach

Hawaii is known the world over for the expansive that you cannot miss going to swim whenever you visit the area. You can swim in Oahu at almost any time of the year as reefs protect most beaches.

3. Surfing Lessons

Surfing in Oahu is a big deal as people consider it a sport of the kings. You must never go to Oahu and leave without knowing how to surf. The clam waters around the beaches provide the best place to learn and practice surfing.

4. Enjoy the Sunset

There is a magic in the sunset that you can only experience in Oahu. The expansive ocean and raised spots around will provide some of the best views for the sunset and sunrise. Watching the sunset allows you time to go to other attraction sites like the museums, and conduct other activities.

5. Visit the Hotels

If you are a visitor in Oahu, you don't have to worry about where to stay. You might also want to move around to experience different treats and cuisines. The best thing about the hotels in Oahu is that you can choose based on your budget.

6. Eat

The best way to experience people's culture is to try their cuisine. Oahu has a rich Hawaiian food range for you to maximize and enjoy. You can even walk around the streets and enjoy a delicacy from the street kitchens.

7. Visit Polynesian Luau

Oahu is home for the rich Polynesian culture that you must experience when visiting. You need to visit the Polynesian Luau to experience the Polynesian dining options, the marketplace, and for shopping.

8. Go Shopping

Hawaii is an international shopping hub with a wide range of products for the best souvenir. There are several shopping malls and other premium outlets to shop the top brands. You can also visit the farmers market, Waikiki, Chinatown, and aloha stadium swaps. They all meet your shopping needs.

9. Visit the Trails

There are uncountable trails in Oahu, which you can follow to have the perfect view of the island. Research the trails early enough for the best arrival time, what to carry, and the best routes.

10. Enjoy Your Time

Sounds like a no brainer, but most people come to Oahu and get so overwhelmed that they forget to enjoy their time. Oahu provides the best scenery, food, and other activities worth your time.

Oct. 1, 2019

Top Ten Oahu Restaurants

Top Ten Fine Dining Restaraunts on Oahu

With its white beaches, sparkling waters and blue skies, Oahu is paradiasical. One of the most popular ways to enjoy the island life is by sampling the local cuisine. Here are the ten best high-end restarants on Oahu for your consideration.

1. 53 By the Sea

 

Featuring a unique combination of Japanese and American seafood, 53 is one of the most popular locales for a fine dining experience. 53 calls Honolulu's shore home and enjoys some local and widespread fame for its coconut-poached snapper and Meyer lemon aoli baked mahi-mahi.

 

2. House Without a Key

 

A hidden gem within the famous Halekulani hotel in Honolulu (and one of the foremost draws to the luxurious hotel itself), House features some more traditional Hawaiian dishes, such as Kiawe-infused prime rib, pineapple cheesecake and Laulau (a combination of chicken and pork wrapped in succulent taro leaves and garnished with tomato and rice).

3. Chef Chai

 

 

Chef Chai opts for a unique Asian fusion menu with tastes of continental. For something a little Eastern and spicy, try the vegetable terrine with green curry sauce or the Kataifi Macadamia nut crusted black tigers prawns. In the mood for something a little more mainland? Give the deconstructed beef Wellington and mushroom foie gras puff a try.

4. La Mer

 

A classy French joint, La Mer was given the high honor of a 5-star rating by Forbes, and for good reason. With dishes such as Carrousel de Fruit de Mer (carousel of poached and raw seafood) and foie gras de canard, it's no wonder.

 

5. MW Restaraunt

 

A patron of classic Hawaiian fare, MW is a great way to sample the island cuisine. Some of its most popular menu items include Kalua pig tacos, steamed opah and miso-glazed butterfish.

 

6. Noe Italian

 

Situated within the swanky Four Seasons, Noe focuses on Italian fare with a little bit of Big Island thrown in for seasoning. Their maccheroni neri with locally caught crab and swordfish set off with broccoli puree and fennel are excellent places to start.

 

7. Taormina Sicilian Cuisine

 

Situated on the gorgeous Waikiki beach walk, Taormina brings a taste of traditional Italy to Oahu, frequently featuring locally caught seafood to go along with the classical flavors. Try the squid ink linguine, Hawaiian scallops and sun-dried tomatoes.

8. Arancino

 

In the mood for fine-dining and pizza? Arancino is your best bet.Try the signature pizza - shrimp, maui onion, mozarella and garlic chips.

 

9. Sushi Sasabune

 

A classical sushi joint with all the dichotomy and freshness Hawaii has to offer, Sushi Sasabune features refreshing seafare such as salmon roe, goldeneye snapper and abalone sashimi.

10. Senia

 

The very definition of fine dining on Oahu, Senia features both Hawaiian and mainland courses such as burgers, steaks and tartare. Senia's chefs are some of the finest in the country.

Looking for more great recommendations for your trip to Oahu? Head on over to www.HawaiianBeachfront.com for more island content!

Sept. 18, 2019

North Shore Oahu Oceanfront with landscaped yard and pool

Oceanfront Next to Waimea Bay for sale!

Waimea Bay North Shore Oahu Oceanfront Home

 

Oceanfront custom home built in 2015 with world-class views and large beautifully landscaped yard. This masterly crafted cedar wood custom built home features quality workmanship, beautiful cathedral ceilings, gourmet open kitchen, rich hardwood floors and a huge ocean-fronting deck.

North Shore Waimea Bay Oceanfront Home for sale

 

Relax and enjoy fabulous views from your oceanfront master suite with an expansive lanai. This home offers 3 bedrooms and 3 baths in the main house and a guest suite 1 bedroom, 1 bath with deck in the back. All rooms are over sized and feel great. 

Waimea Bay oceanfront home for sale north shore oahu

 

All secured within a private gated entry, embraced by groomed and manicured landscaping with banana, papaya, avocado and a garden for fresh as it gets farm to table. Wonderful ocean side wading pool and Jacuzzi to cool off or relax and unwind. Rare 23,109 sq.ft. of oceanfront land to enjoy with family and friends.

Waimea Bay Oceanfront Home For Sale pool and jacuzzi

north shore oahu waimea bay home for sale with pool

Asking Price $3,975,000

Aug. 15, 2019

Waimanalo Beachfront Legacy Property For Sale

waimanalo beachfront oahu hawaii

This legacy property held in one family for many years is now available for sale. World class views of Rabbit Island and the Molokai Channel. Enjoy swimming in crystal clear waters, go kayaking, fishing, boating and canoe sailing from your back yard.

Waimanalo oceanfront home for sale

Watch daily sunrises and green sea turtles feeding just off the beach from your private pier. On a clear day, six islands are within view of the home. It is a nature lovers’ paradise! Watch tropical fish like Manini, Yellow Tang and Clown Fish frolic in your own tide pools and fish pond.

waimanalo beachfront home for sale east oahu

Relax with cool breezes blowing across your property as you sway in your hammock. Easy access to the ocean from your private walk way. This property is eye candy and sells itself on your first visit. Perfect for extended family or corporate retreat.

waimanalo beachfront oceanfront yard

Sales include TMK# 141-1-11 and 141-1-13 and both parcels must be sold together. This unique property offers three homes, all on a 20,115 sf. lot. The main house has four bedrooms and 3 baths. The second house has a two bedrooms and two baths. And the guest cottage has one bedroom, one bath.

waimanalo oceanfront home for sale cliffs

Dont miss this rare opportunity to own an amazing rare piece of Oahu.

waimanalo 3 homes for sale beachfront oceanfront

Asking price: $7,000,000

Waimanalo Hawaii Oahu Canoe Surfing Home

 

June 18, 2019

Honolulu Hawaii Interest Rate Decline Stalls

What a difference a month makes. 

 

In May, stocks fell sharply, and interest rates declined each week. June has been a different story. The Fed has signaled rate cuts are likely coming. Stocks have been rallying higher, and the decline in interest rates has stalled.

 

The Fed can’t control home loan rates. Those move mainly on inflation and expectations of inflation in the future. Inflation has remained tame for the past decade and is the main reason why home loan rates have stayed low as well.

 

This past week, we received another reading on consumer inflation, the Consumer Price Index (CPI), which confirmed there are no price pressures or inflation threat to the economy.

The result: the odds of a Fed rate cut have climbed to 85% for the July Fed Meeting on the idea that the Fed can comfortably cut rates and “allow” inflation to creep into the economy.

Also keeping home loan rates near two-year lows is the uncertainty and lack of resolution with the US/China trade turmoil. The next step is a potential meeting between US and China at the G20 Meeting June 28-29. Mark your calendar. This is an important event, because as this trade dispute goes so do the economies around the globe.

 

Bottom line — we are seeing a strong economy, rising stocks, and two-year lows for home loan rates.

 

The upcoming week will see data from the housing and manufacturing sectors, but those reports will take a backseat to the two-day Federal Open Market Committee (Fed) meeting.

The meeting kicks off on Tuesday and ends Wednesday with the release of the monetary policy statement which will also include a summary of economic projections. Fed Chair Powell will hold a press conference immediately following the release at 2:30 p.m. ET.

 

There is no rate cut expected at this meeting, but what comes of the Statement and press conference could move the markets — so stay tuned.

The markets will also have to contend with the continued saga surrounding the US/China trade issues.

 

Reports to watch:

 

Manufacturing data comes from Monday’s Empire State Index followed by Thursday’s Philadelphia Fed Index.
On Tuesday, Housing Starts and Building Permits will be released with Existing Home Salesbeing delivered on Friday.
As usual, Weekly Initial Jobless Claims will be released on Thursday.
Posted in Interest rates
June 17, 2019

Multi Generational Living

Gen Xers Driving Multi-Generational Housing Trend
decorative image
MultiGen LivingThis Is Us. Jane the Virgin. Black-ish. What do they have in common? They are all family television programs that have members of multiple generations living under one roof. But the reality of multi-generational living is more than sitcom fodder. 

According to the 2019 Home Buyer and Seller Generational Trends report by the National Association of REALTORS®(NAR), multi-generational housing continues to be a growing trend among homebuyers. This trend is driven largely by Gen Xers, who are the second-largest band of homebuyers today at 24%. Of that cohort, one in six purchased a multi-gen home, half of whom cited accommodating adult children as their reason for doing so. 

When it comes to millennial buyers, nine percent purchased a multi-generational property they could share with aging parents, per the report. 

Whether you're looking to accommodate aging parents or making room for your boomerang child, these tips will help you find the right place to make it work. 

Look for a home that was built with multi-generational living in mind.
Schumacher HomesLennar, and Plantation Homes are just a few of the builders offering a multi-gen solution in a brand-new residence. 

Tailor your home search.
If custom built multi-generational home isn't doable, look for a home that's easily convertible. A downstairs bedroom and bath is key for older residents, and an en suite bathroom is even better. A home with a basement or attic may seem like an ideal place to turn into a grandparent's haven, but stairs can be dangerous and obviously wouldn't work for a parent using a walker or wheelchair. 

A property with a guesthouse or enough land on which to place a granny suite or tiny home is another option. Just make sure the land is zoned properly to accommodate this type of structure. 

Make smart renovations.
Taking down walls to create an open floorplan is a smart move that can have a positive impact on your home's value and also make it more accessible for aging parents. 

The National Association of Home Builders' (NAHB) Aging-In-Place Remodeling Checklist recommends a "5-foot by 5-foot clear/turn space in living area, kitchen, a bedroom, and a bathroom." They also suggest wide hallways that measure a minimum of 36-inches across, good lighting, and non-slip flooring.
6 Kitchen Design Trends Inspired by Restaurant Kitchens
decorative image
Not all kitchen design trends stand the test of time, but a restaurant kitchen is meant to be as functional as possible for as long as possible. Taking a few cues from restaurant kitchens can help you create a residential kitchen that you'll be sure to love for years to come! 

Restaurant Kitchen

1. Forget the Island
A kitchen island allows for lots of prep space and storage but can also make even a large space seem cramped and crowded. A work table in place of the kitchen island still provides plenty of room to work, offers shelving underneath for storage, and can be moved easily when not in use. 

2. Consider a Stainless Steel Backsplash
Stainless steel is durable, doesn't absorb microbes, and is fire-resistant, which is why it's long been a popular material for commercial kitchen backsplashes. It's also easy to clean and coordinates with most kitchen styles. 

3. Hang Utensil Rods
Rarely do restaurant kitchens keep utensils in drawers, as this is a surefire way to create a cluttered, jumbled mess. A utensil rod or two will keep all your kitchen tools organized, in plain sight, and close at hand. 

4. Install a Magnetic Knife Strip
Much like utensil rods, many commercial kitchens include magnetic strips along walls to hold chefs' knives. Storing knives on a magnetic wall strip reduces the risk of cutting yourself while rooting around in a drawer and also allows you to easily see each knife blade type and size. A magnetic knife strip also eliminates the need for a bulky knife block on the countertop. 

5. Use Wire Shelving in Your Pantry
Wire shelving allows for air circulation around your stored foodstuffs, reducing damage from heat and humidity. Wire shelves also don't need cleaning as often as standard wood shelves. 

6. Install an Open Shelf Over the Stovetop
Many commercial kitchens feature an open shelf or two over the stovetop, for holding pots and pans, spices, timers, and even a recipe or prep instructions. Consider asking your kitchen contractor about an open shelf over your new stovetop, for added convenience and to break up the look of a bare wall behind the stove.
June 4, 2019

Demand for Agriculture Farm Lots on Oahu Hawaii

Demand for Farm Lots & AG Zoned Land

 

flowers grown on oahu hawaii ag land

The farm-to-table concept of locally grown farm products is in high demand.  Many individuals dream of owning land on which they can run a family farm, raise livestock, or just have space to enjoy. Residents of Oahu live and work in densely populated areas with little to no room for farming or live stock.

The average home value on Oahu is now close to $780,000. Because of this, home owners are in a unique position to sell or to borrow against their homes in the city and purchase a larger piece of land on the North Shore where they can enjoy the open space and ability to farm or ranch.

The ability to drive only 45 minutes to the North Shore from the Honolulu Airport and enjoy a private farm or ranch is highly desired.  However, the cost of buying agricultural land with a current home or with a building right is out of reach for most residents. Most of Oahu’s AG land is in large pieces and is owned by large corporations, limiting very little access to the public. What little AG land that is available is priced in the $500,000 per acre range or higher.

haleiwa agricultrual land oahu

In 2010, Kunia Loa Ridgeland Farms purchased 854 acres of fallow farmland from James Campbell Co. for $7.7 million. The property was split into farm only lots (homes or farm dwelling not allowed) ranging from five to 35 acres, and sold to local farmers. Ninety-nine lots were listed on the market and all have been sold. These lots did not have water or electric and had dirt roads. Today these lots are sold at almost $100,000 per acre.

One of the major problems for Kunia Loa is that 50% of the land purchased was unusable due to the hilly terrain. We will be selling lots with 5 acres or more of farmable useable land.

Kunia Loa is not the only AG Park on Oahu.  Mililani Agricultural Park is one of ten parks operated by the State of Hawaii, on all the islands. However, these parks only lease land to farmers. Leaving farmers without the ability to purchase and own land, forever making them an indentured leasee to the owner. Farmers have no way to pass on land and a heritage of farming. In addition, nearly all of the state’s AG parks have no space available for lease. Kunia Loa lot prices ranged from $40,000 to $60,000 per acre. Kunia Loa sold its only 35 acre parcel for $1.4 million in 2010. These are 2010 prices, which is drastically lower than 2016 market values.

Haleiwa Ag land Oahu Hawaii

In Kahuku there is another successful AG lot development located next to Turtle bay Resort. The high demand for AG land and necessity for space proved to be a winner. The first lots to sell in the project were the AG use only and a couple with farm dwellings allowed. Prices ranged from $300,000 to $500,000 for two and three acre lots. All 5 of the AG only lots are sold out. What remains now are beautiful oceanfront parcels ranging in price.

We have farm lots for sale that already have electric and water infrastructure in place, are located and close to the amenities and a growing tourist market of Historic Haleiwa Town, one of the most popular visitor destinations on Oahu.

Please contact Ralph Gray at 808-295-0704 or visit www.HawaiianBeachfront.com for more information.

kahuku ag land horses oahu hawaii

Posted in Farm Land Oahu