Ryan Oda

COVID-19 decimated Hawaii's economy. Since people are fearful of traveling, tourism slowed down. Since tourism slowed down, there was a lack of spending and economic growth. Since there was a lack of spending, there was a shortfall in tax revenue. As we made our way through 2020, it was apparent that construction and real estate were two essential industries. Despite high rates of unemployment, our housing market was firing on all cylinders. In certain neighborhoods, like Kap

Here are October's housing updates.

I recently had a new client meeting. While discussing the purchase process, my friend asked, “Does real estate slowdown during Christmas break?” The Honolulu Board of REALTORS® recently released December’s housing statistics. Interestingly, single-family homes and condo sales increased 14.8% and 23.8% respectively from the same time last year. In addition, to no surprise, the median sales price for both single-family homes and condos increased as well. People are speculating

While scrolling through my Facebook feed, I stumbled on a Civil Beat article that discussed how many teachers are struggling to earn a living in Hawaii. The article hit home since I have numerous friends who are in the education field. At one point in my life, I aspired to be a teacher. As I read the article, I could only shake my head in frustration. Teaching is a noble profession. However, for whatever the reasons, teachers across the nation are underpaid, overworked, and a

There’s a large following of people who question if affordable housing is actually helpful to first time home buyers. Here are the concerns: - The gap to qualify is tiny. The HCDA and HHFDC have their own respective formulas to determine if you financially qualify for an affordable housing unit. As one of the Kapiolani Residence salesperson told my client, “there isn’t much wiggle room.” - Shared Appreciate Equity (HHFDC) and Shared Equity (HCDA). Many prospective Buy

In the past few days, I recently took a handful of my clients to the Kapiolani Residence sales center. Here are my initial thoughts: - The units at Kapiolani Residence are significantly larger than Ke Kilohana’ s. At Kapiolani Residence, the smallest 1-bed unit 671 SF; that’s almost 200 SF larger than the smallest unit at Ke Kilohana. - Given I’m not an interior designer, I feel that Kapiolani Residence has better finishings than Ke Kilohana. - Projects like Kapiolani Residen

U.S. News recently ranked Honolulu as the 26th best place to live in the United States. Honolulu scored 6.8 out of 10. Here's how Honolulu scored in each category: Desirability – 10 out of 10 Value – 5.2 out of 10 Job Market – 7.5 out of 10 Quality of Life – 6.3 out of 10 Net Migration – 6.2 out of 10 Despite rising cost of living, the demand to live in metro Honolulu is still growing. According to the Honolulu Board of REALTORS®, the median price for a single family home in

803 Waimanu is one of Kaka’ako’s latest affordable housing condos. The property is being developed by Frank Mola, of Coastal Rim Properties, Inc. This midrise condo will consists of 153-units. Projected prices will mostly range from $240,000 to $307,200 for studios with 384 of living square feet. Some units do not have parking. Sales for 803 Waimanu is anticipated to occur sometime this year. For more information, please don’t hesitate to contact me. -RO Source: Honolulu Star