Ho'opili New Builds
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Over-all Stats For Oahu: Prices Are Rising Again Single-family home sales rose 22.7%, while condo sales ticked up 6.2% compared to this time last year. Month-to-month, the new year started much like 2023 ended, with minimal upticks in sales of single-family homes at 1.1% and condos at 7.4%. Median sales prices in January 2024 closely resembled year-end figures in late 2023. Single-family home prices reached $1,021,016, up 2.5% month-to-month but down 2.8% from the year-end median of $1,050,000. In January, the median condo price was $502,500, a 1.5% dip month-over-month and a 1.2% drop from the year-end median of $508,500. Year-over-year, single-family home prices grew by 5.3%, while condo prices saw a modest 1.5% increase. Both markets experienced an uptick in new listings. Single-family home listings grew 6.3% year-over-year, with 285 new properties for sale. Sellers added 581 new condo listings to the market, an 11.1% year-over-year increase. By January’s end, active inventory levels for single-family homes rose 10.2%, and condos increased 12.7% year-over-year. However, compared to January 2020, just before the pandemic, active inventory levels remained down 25%. “New listings mean new opportunities for buyers at all price points,” said Fran Gendrano, president of the Honolulu Board of REALTORS®. “However, O‘ahu’s housing market still faces the persistent challenge of low inventory, which keeps our housing prices elevated despite cautious market activity.” Year-over-year, transactions closing above the original asking price remained consistent for single-family homes but decreased for condos. In January 2024, 23% of single-family sales closed above asking, compared to 25% of sales in January 2023. Roughly 17% of condo sales closed above asking, compared to 21% of sales this past year.
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 The Bluffs At Nanaina of Ho'opili are located around Hikupau Street, Ewa Beach, HI 96706 Prices From $1,234,940 The Bluffs new builds are currently sold out. Stay tuned for resale opportunities as homeowners occasionally list their houses for sale. Keep a lookout for the latest listings! "When you come home to The Bluffs at Nanaina a spark of luxury enhances your everyday living and turns your ordinary into extraordinary. This exclusive community of fifty seven sophisticated homes offers an unparalleled living experience. From three to five bedrooms, ranging from 2,024 to 2,397 square feet, these highly coveted properties boast enhanced interiors, Cambria® waterfall countertops, and smart home features. Step outside and entertain guests or unwind in your expansive yard. Come home to The Bluffs at Nanaina and elevate your everyday living. " - J. R. Horton Floor Plans:
Home Interior Features
Community amenities
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| 3 bed / 2 bath UNFURNISHED | 3 bed / 2 bath FURNISHED |
1 bed/ 1 bath FURNISHED
Price Range: $420k - $700k
Some of the Interior Features Include:
• First floor residences include a private yard.
• The primary bedroom features a walk-in closet and en-suite bathroom with dual sinks and shower.
• The second bathroom features a full size bathtub.
• Moen® plumbing fixtures
• LG Hi-Mac® kitchen countertops
• Fire alarm system
• Smoke detectors & fire sprinklers
• Split A/C
• Pre-wired for ceiling fans
• Whirlpool® stainless appliances
• Whirlpool® washer/dryer
• Kohler® kitchen sink
• Mini blinds
• Wall-to-wall carpeting & luxury vinyl plank flooring for some plans
• Home is Connected® - smart home features
• First floor residences include a private yard.
• The primary bedroom features a walk-in closet and en-suite bathroom with dual sinks and shower.
• The second bathroom features a full size bathtub.
• Moen® plumbing fixtures
• LG Hi-Mac® kitchen countertops
• Fire alarm system
• Smoke detectors & fire sprinklers
• Split A/C
• Pre-wired for ceiling fans
• Whirlpool® stainless appliances
• Whirlpool® washer/dryer
• Kohler® kitchen sink
• Mini blinds
• Wall-to-wall carpeting & luxury vinyl plank flooring for some plans
• Home is Connected® - smart home features
Upgrade package includes:
- stainless steel range/oven
- Micro-hood,
- Dishwasher, and refrigerator,
- Upgraded vinyl plank flooring,
- Upgraded countertops,
- Upgraded full size washer/dryer.
Maintenance Fees Info:
Estimated initial monthly maintenance fees do not include unit water, sewer
and electricity usage. Unit electricity usage and charges are the responsibility of unit owner through HECO. Unit water and sewer usage will be submetered (all units will be submetered) as will electricity usage for Limited Common Element detached garages, and all charges for such water, sewer and applicable
electricity usage attributable to Limited Common Element detached garages will be billed as a Limited Common Element expense to unit owners. In addition to water and sewer usage charges and as applicable, electricity usage charges for detached garages, a fee of $10 per unit per month will be added
to each unit owner's monthly bill to off-set the cost of meter reading and billings services for water, sewer and, as applicable, electricity usage. Estimated initial monthly maintenance fees also do not include mandatory dues payable to the Hoʻopili Community Association (the "Master Association"). The current
Master Association dues are $77.80 per unit per month and may be increased at any time to such other amount that the Master Association determines.
Good To Know!
- Once released for sale, the homes in Building 3, Building 6, and Building 7 at Nahele at Ho’opili will be sold on a first come, first served basis.
- A buyer must submit a $5,000 earnest money deposit (via check) along with a non-agency mortgage prequalification from any lender licensed to do business in Hawaii or proof of funds for an all-cash buyer. in
- Building 3, Building 6, and Building 7 at Nahele at Ho’opili are being offered for sale via Portfolio Lending Products. Agency lending products (Fannie Mae, FHA (Federal Housing Administration), Freddie Mac, USDA (U.S. Department of Agriculture) and VA (U.S. Department of Veterans Affairs) loans) are not available at Nahele. As a result, mortgage prequalification cannot be based upon Fannie Mae, FHA, Freddie Mac, USDA or VA financing. Buyers using Fannie Mae, FHA, Freddie Mac, USDA, or VA financing will not be able to purchase a home at Nahele Building 3, Building 6 or Building 7.
Want to learn more or schedule a showing?
Contact Marina Yamamoto [email protected]
Contact Marina Yamamoto [email protected]
Economic Forecast and Hoopili Hawaii's Real Estate Market Trends
As we step into the new year, the real estate landscape in Hawaii is poised for potential shifts influenced by a variety of economic factors, especially with the unique dynamics surrounding Ho'opili homes. Exploring recent trends and projections, we gain insights into what lies ahead for those involved in buying or selling homes in the Aloha State.
Economic Overview: Global and National Perspectives
The global economic stage, as mirrored by the S&P 500 Index, showcases record highs propelled by a surge in technology stocks. AI advancements, a driving force behind this rise, suggest broader implications for sectors, including real estate. Internationally, developed and emerging markets face challenges, but the U.S. maintains economic strength, influencing interest rates and bond prices.
Interest Rates and Consumer Confidence
Despite an upward trend in interest rates, with the yield on 10-year U.S. Treasury notes at 4.12%, consumer confidence is on the rise. Positive economic indicators, such as solid retail sales growth in December, point towards sustained consumer spending. The University of Michigan’s preliminary Consumer Confidence Index for January reflects easing concerns about inflation, with consumers expecting a drop to 2.9% a year from now. This refers to the anticipated decrease in the rate of inflation as perceived by consumers. The Consumer Confidence Index is a measure of consumers' optimism or pessimism about the economy's current and future conditions.
Real Estate Outlook: Hawaii's Unique Position with Ho'opili Homes
Amid the broader economic landscape, Hawaii's real estate market remains influenced by national and local factors. Steady home prices, bolstered by low unemployment, wage growth, and the impact of pandemic-era mortgage interest rates, characterize the state's unique position. In 2023, higher interest rates had limited impact on consumer spending, thanks to favorable fixed-rate home mortgages secured during the pandemic. This distinctive position could continue to shape the Hawaii real estate market in 2024, with a special focus on developments like the neighborhoods in Ho'opili.
Economic Growth and Housing Market Dynamics
As economists reassess U.S. growth projections, consumer spending emerges as a significant driver. The current Bloomberg consensus forecast of 1.3% may prove conservative, and an improved economic outlook could support corporate earnings, influencing stock prices. Within Hawaii's real estate market, an enhanced economic landscape may sustain demand. However, the impact of rising interest rates is a consideration. The ability of consumers to secure favorable mortgage rates during the pandemic provides a buffer, but significant rate increases could reshape the housing landscape.
Looking Ahead: Monitoring Inflation and Federal Reserve Actions
In the coming weeks, attention will be on the Federal Reserve’s preferred inflation measure, the U.S. Personal Consumption Expenditures Core Price Index (PCE). An anticipated drop to 3.0% in December 2023 aligns with the downward trend of inflation.
As we navigate 2024, stakeholders in Hawaii's real estate market, particularly those involved with Ho'opili, will closely monitor economic indicators, interest rates, and inflation trends to make informed decisions. The confluence of a robust economy and its implications for the housing market will continue to shape the real estate landscape in the Aloha State.
Economic Overview: Global and National Perspectives
The global economic stage, as mirrored by the S&P 500 Index, showcases record highs propelled by a surge in technology stocks. AI advancements, a driving force behind this rise, suggest broader implications for sectors, including real estate. Internationally, developed and emerging markets face challenges, but the U.S. maintains economic strength, influencing interest rates and bond prices.
Interest Rates and Consumer Confidence
Despite an upward trend in interest rates, with the yield on 10-year U.S. Treasury notes at 4.12%, consumer confidence is on the rise. Positive economic indicators, such as solid retail sales growth in December, point towards sustained consumer spending. The University of Michigan’s preliminary Consumer Confidence Index for January reflects easing concerns about inflation, with consumers expecting a drop to 2.9% a year from now. This refers to the anticipated decrease in the rate of inflation as perceived by consumers. The Consumer Confidence Index is a measure of consumers' optimism or pessimism about the economy's current and future conditions.
Real Estate Outlook: Hawaii's Unique Position with Ho'opili Homes
Amid the broader economic landscape, Hawaii's real estate market remains influenced by national and local factors. Steady home prices, bolstered by low unemployment, wage growth, and the impact of pandemic-era mortgage interest rates, characterize the state's unique position. In 2023, higher interest rates had limited impact on consumer spending, thanks to favorable fixed-rate home mortgages secured during the pandemic. This distinctive position could continue to shape the Hawaii real estate market in 2024, with a special focus on developments like the neighborhoods in Ho'opili.
Economic Growth and Housing Market Dynamics
As economists reassess U.S. growth projections, consumer spending emerges as a significant driver. The current Bloomberg consensus forecast of 1.3% may prove conservative, and an improved economic outlook could support corporate earnings, influencing stock prices. Within Hawaii's real estate market, an enhanced economic landscape may sustain demand. However, the impact of rising interest rates is a consideration. The ability of consumers to secure favorable mortgage rates during the pandemic provides a buffer, but significant rate increases could reshape the housing landscape.
Looking Ahead: Monitoring Inflation and Federal Reserve Actions
In the coming weeks, attention will be on the Federal Reserve’s preferred inflation measure, the U.S. Personal Consumption Expenditures Core Price Index (PCE). An anticipated drop to 3.0% in December 2023 aligns with the downward trend of inflation.
As we navigate 2024, stakeholders in Hawaii's real estate market, particularly those involved with Ho'opili, will closely monitor economic indicators, interest rates, and inflation trends to make informed decisions. The confluence of a robust economy and its implications for the housing market will continue to shape the real estate landscape in the Aloha State.
Author
Marina Yamamoto
RS-85659
Brokered by:
Beach Villa Realty
[email protected]
808-989-8183
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