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Engage Team • Dec 25, 2021

Royal Realty Agents reflections of 2021 and predictions of 2022.

Reflecting back on the year 2021, what is a major experience that impacted you and how will you apply it in 2022?


What is your real estate prediction for 2022?


What I learned from 2021 is making sure your client is ready, whether it’s having the prequel ready, educating them of the current market, ready to move forward quickly, setting expectations right, communicating is very important. Low inventory in Maui will continue to drive the price up, we might see price level a little bit, but if supply continues to be low and demand is high, the price will stay high in 2022.


Lisa Setiawati(RS-81636) 
Direct: (808) 727-0645

lisamauirealty@gmail.com


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Reflecting back on the year 2021, what is a major experience that impacted you and how will you apply it in 2022?


At this point, I can’t even remember what 2021 was like since it was just a whirlwind of relearning and catching up on life since Covid. Learning how to wear more than just pajamas, leaving the house, how to go to grocery stores that are at capacity, eat out at restaurants, and just the basics of socializing. Along with learning how to be an adult again, I have had to catch up on physical office documents, personal finances, waistline, and my Deannie boy (my dog's) waste line. In the midst of all of this, there is one thing I do remember. I remember being so motivated and inspired by everyone's ability to pivot with last-minute notice, support each other all while standing for what they believe in. I would be blessed to be able to show half the strength of the general community around me going into 2022.

 

What is your real estate prediction for 2022?

 

I predict that interest rates will increase, making homes less affordable and refinancing less accessible. With that, we shall see a correction within the real estate market throughout the country including Hawaii. Now Hawaii is still dealing with a supply and demand issue as we live on islands, so I don’t expect the correction to be as significant as the States but only time will tell.



Jacqueline Little (RB-21076)

LEARN MORE ABOUT ME!
Royal Realty (RB-20324)

Broker In Charge, SFR

Cell: 808-294-6386

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Reflecting back on the year 2021, what is a major experience that impacted you and how will you apply it in 2022?


What is your real estate prediction for 2022?

The ending of 2021 has seen a cooling off of buyers’ bidding wars. I’ve seen a more stable home buying market allowing buyers to now to be able to achieve purchasing their dream home at an affordable and reasonable price. I foresee this trend to continue into 2022 as interest rates will slightly rise. Even with the slight increase, interest rates are still within the 3% range with market predictions of 4% towards the end of 2022 giving home buyers some time to buy before the end of the year.


Lynell Hart (RS-63434)

lynellhart@gmail.com

808.783.7831


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Reflecting back on the year 2021, what is a major experience that impacted you and how will you apply it in 2022?


A major experience that impacted my 2021 was the increased stress on both tenants and owners due to the pandemic, finances, and really just all-around uncertainty. This increased stress and uncertainty have caused many tenants and owners to behave/react in ways that they may not have under normal circumstances. Being a property manager means constantly being in between two or more parties trying to solve issues while keeping our client's fiduciary responsibility in mind and being ethical and courteous to all parties involved. This increased stress and sometimes antagonistic behavior from tenants or owners, while not enjoyable to deal with at the moment, has only helped me become a better realtor, property manager, and overall negotiator. When faced with these situations and many times multiple of these situations at once it took up much more of my time and energy. As a result, I was forced to have clearer and better discernment of where and what to spend my time and energy on in order to solve issues, get to resolutions, and keep my sanity in the process. Going into 2022, I will apply these better discernment and negotiation skills to continue to improve my business and success. 


What is your real estate prediction for 2022?


My real estate prediction for 2022 is that the rate at which properties are increasing in value will slow, which we are already starting to see. Some parts of the mainland could see more than a just slow down in appreciation and may even decrease in value, but I do not see the Hawaii market decreasing in value due to the shortage of land and strong demand for the islands. I expect the market to still be strong in 2022 but I do expect to see the number of offers per home be less and possibly a slight increase in the number of days on market. 


Preston Cope (RA-81911)

preston@prestoncope.com

808.664.1559



By Engage Team 15 Mar, 2022
From the Big Island to Oʻahu One of the benefits of living in the island archipelago of Hawaiʻi is that the other Hawaiian islands are a short flight away. It was during a spontaneous visit to Oʻahu from the Big Island of Hawaiʻi – where we lived for 6 years – that my partner and I got the idea to switch islands. Although each of the Hawaiian islands has unique merits, we were ready to experience Oʻahu’s convenience, plentiful hiking trails and beaches, and diverse economic opportunities. After landing a job offer based in downtown Honolulu, our relocation planning began. Since we were still largely unfamiliar with Oʻahu, we tailored our apartment search to a few factors, including: proximity to work; walkability to groceries and other necessities; and amenities like air conditioning, a pool, and a gym. Of course, budget was a factor as well, and we set our price range accordingly. Choosing Kakaʻako While the apartment criteria narrowed our search to three Honolulu neighborhoods – Waikiki, Ala Moana, and Kakaʻako – we focused on Kakaʻako because of its newer buildings and walkability to shops and dining. While living in a downtown Airbnb, we cruised sites like HICentral , Zillow , and Craigslist to find leads, and looked at several apartments before securing a 1-bedroom in the recently completed Keauhou Place tower. In addition to our unit having an incredible view overlooking downtown and the harbor, it came with shared amenities like covered parking, a pool, gym, and barbecue grills. As well, we enjoyed access to its ground-level pedestrian mall, which offered a natural grocery store, spa, and spots for dining and takeout – not to mention a short jaunt to even more options at SALT and Ohana Hale Marketplace . Aside from walkability, the location served as a central jumping off point for weekend adventures around the island. Change of Scenery Two years, a pandemic, and one job transition later, we were ready for another change of scenery. Since I switched from working in-person to working remotely, we no longer needed to live close to downtown, and began exploring the idea of moving to Oʻahu’s east side, where we would be closer to some of our favorite hikes and beaches. While the search process was similar, the inventory in our budget range was different, and it took a bit longer to find a suitable home. As opposed to the ample selection of apartment and condo listings in Honolulu’s urban core, the east side neighborhoods of Kaneohe, Kailua, and Waimanalo offered mostly ADU’s (additional dwelling units) or single family homes converted into multiple rentals units – sometimes lacking the privacy or amenities we needed. It took about 3 months to find our ideal rental home in Kailua, a similar 1-bedroom condo within a comfortable walking distance to town and the beach. It took a lot of patience, because the inventory was more limited; but, luckily we had flexibility to keep searching until we found our match.  Urban v. Suburban: Which to Choose? Ultimately, I am glad we got the experience of living in both Honolulu and Kailua. Particularly, the Kakaʻako neighborhood, with its abundant street art, well-maintained parks, and diverse shops and dining options, is a great place to get a feel for Oʻahu’s urban core. On the other hand, Kailua has an intimate, beachy feel, which could be a better fit if you can work remotely – and avoid the driving commute into “town” (local shorthand for Honolulu). Either way, pre-determining your unique home, budget, timing, and lifestyle criteria can help to narrow your search and point you in the right direction. About the Author Ali Slous is the founder of Perspective Media , an Oʻahu-based creative agency whose mission is to empower entrepreneurs and small businesses to channel creativity in ways that generate both professional success and personal satisfaction. When she is not creating Perspective Media, Ali enjoys access to the incredible nature Hawaiʻi has to offer. Resources HICentral: https://www.hicentral.com/ Zillow: https://www.zillow.com/honolulu-hi/?utm_content=319854744|1301821912900950|kwd-81363927204438:loc-190|81363895177301|&utm_campaign=zbw_br_natgeo_usa_x_nat_cities_e_b_1&semQue=zillow%20honolulu&msclkid=330d4f9cfa6b19b9b07d2db5ba061625 Craigslist: https://honolulu.craigslist.org/search/hhh SALT: https://saltatkakaako.com/ Hale Ohana Marketplace: https://www.ohmhawaii.com/ Perspective Media: https://perspectivemediahawaii.com/
By Jacqueline Little 16 Feb, 2022
A new year is upon us, and I must say it feels familiar, yet unpredictable. What I mean by that is, although we’re still dealing with the pandemic, the real estate market is still very dynamic. Mortgage rates dropped to record lows for much of last year, while home values and sales peaked to record highs. Where does it go from here? To say that there will be a housing market cool down is too drastic. Steady buyer demand and low inventory will continue to drive up prices. My insight for 2022 aligns with what most are predicting for the housing market’s future - everything will be high. Demand, prices, home appreciation rates, and eventually home inventory and interest rates will rise too. While some trends from 2021 will continue into the new year, some things will change. This year will be defined as a steady year of (slow) growth. The market will no doubt be in the favor of the sellers for now, but things will start to swing the other way. Because the real estate market is affected by current events, fluctuations are inevitable. If you’re looking to buy, pay attention to interest rates and always be in tune with your own personal finances. If you’re in a position to sell this year, it wouldn’t be a bad idea. The smaller housing inventory fares to your advantage because low inventory creates competition among buyers, essentially increasing your property’s value. If you’re a seller, know that there are options for selling. Whether it’s your first home sale or your fifth, talking to a real estate agent will help you explore your options so you can market your home to a wide range of potential buyers and get you top dollar for it. If you’re a buyer, the same advice rings true here. Talk to a real estate agent who can help you navigate this active housing market and help you find the right situation for you to act on. As always, Royal Realty is here for you and ready to take on 2022 with you!
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