The Army Corps of Engineers had the Homeowners Assitance Program during the recession of 2007 to 2011 that assisted Service Members who were upside down on their mortgages. There were certain criteria that had to be met such as that you must have purchased the property between certain dates as your primary residence and that you must have received that sent you away from the home you purchased. If you met the criteria then the HAP program in Hawaii contributed the difference between what you sold the house for and what your mortgage balance was. The Service Member who sold the house did not make any profit but the HAP program saved the Service Member from doing a short sale or from going into foreclosure.

David Kucic and Hawaii Military Realty, Inc. assisted several Service Members with HAP sales during the recession.

As I look at the current housing market in Ewa Beach, Hawaii, I see a grim picture for Service Members who purchased homes duriing the pandemic and will soon be on orders to leave Hawaii. Many homes are stagnant on the market because of the large amount of homes for sale and the hesitation of Buyers to purchase a home due to the uncertainty of the future, home prices, inflation and interest rates to name a few.

If you are a Service Member in a difficult situation, please dont hesitate to contact Hawaii Military Realty, Inc for honest and truthful information. You will deal with our team of career, retired Service Members, spouses and active Service Members who are all professionally trained and licensed to take care of our fellow Members.

Its a trickle down effect. Buyers cant buy homes because there is too much competition and the Buyers cant wait forever so they are now turning to renting homes in Ewa Beach, Hawaii or moving into government housing. Its really a shame that these Buyers are not able to be competitive enough to buy homes but its all about “who has the most liquid cash to pay above the asking price for a house?” Typically, that is not my brother and sister Veterans that have this type of liquid cash so they are being priced out of the market. This makes renting a home even a difficult task for some Military Families since they are unable to purchase homes and now there is even competition for rental homes. Some of the most desirable areas in Ewa Beach, Hawaii such as the Hoakalei Resort properties of Ka Makana, Kuapapa and Lei Pauku, Ocean Pointe, Ewa By Gentry homes in all neighborhoods including Sonoma, Prescott, Haleakea, Cypress Point, Woodbridge, Carriages, Parkside, Tuscany, Montecito, Las Brisas, Tiburon, Cortebella, Terraza, Tides, Trades, SeaBridge, Coral Ridge, Latitude and Sandalwood to name a few.

The inventory of homes for sale in Ewa Beach, Hawaii is minimal. There are a ton of Buyers looking for homes. Interest rates are low. Combine those 3 things and you have “bidding wars” on homes. In the past 2 weeks, we have had Buyers make offers ABOVE the list price by many, many thousands of dollars only to get beat out by someone that was willing to go higher. Two of the properties had a total of 28 offers and another one had 22 offers. Thats very hard to compete with if Buyers are not willing and/or not able to pay a higher price and have disposable cash to make up the difference between the appraised value and the inflated price they have to pay just to get the house.

The housing market in Ewa Beach, Hawaii was a roller-coaster ride over the past 10 years.  A few examples of home prices in a few random neighborhoods:

1.  Towhomes at Fairways Edge in Ocean Pointe.  A typical 3 bedroom, 2.5 bathroom unit sold new from the developer Haseko for in 2007 for $425,000.  During the recession, the same unit sold as a short sale for $325,000 in 2011.  That unit recently sold in the summer of 2017 for $515,000.
2. Ewa by Gentry Montecito Tuscany.  A typical 3 bedroom, 2.5 bathroom single family CPR house sold new by Gentry Homes for $391,000 in 2006.  During the recession, the same house sold as a short sale for $340,000 in 2010.  That house then sold in 2016 for $535,000.
3. Ocean Pointe Single Family Home in Ewa Beach.  A typical 3 bedroom, 2.5 bathroom single family house resale to the 2nd owner sold in 2007 sold for $515,000.  It was then sold as a short sale after we were climbing out of the recession in 2012 for $450,000.  That same size home was sold in 2017 for $665,000.

For more information on Ewa Beach homes for sale, New Construction in Ewa Beach, Hoakalei Resort, Ka Makana, Kipuka, Kuapapa, Lei Pauku, Hawaii VA Loans and short sales, contact Hawaii Military Realty, Inc.

For the past 20 years, Haseko has been building new homes in Ewa Beach in the Ocean Pointe and Hoakalei Resort Communities.  Their last residential building is taking place now as they sell out the last few homes in the Lei Pauku Townhouse community near/on Hoakalei Country Club.  Once those are completed, Haseko will focus on building the commercial project in that same area.  It is expected that Haseko will not be selling any new build residential properties for at least the next couple of years will cause our already low supply of homes to get even worse.  Are you interested in New Homes in Hawaii or Homes for Sale in Hawaii?  Contact us and we can help you as we helped over 1,000 Buyers, Sellers, Landlords and Tenants over the past 12 years.

As of April 20, 2017, we have the following properties that will be available for rent in the month of May 2017.

Ocean Pointe 4 bedroom, 3.5 bathroom, 2500 sf single family house with a separate mother in law/guest suite. $3400 per month. Available 1st week of May 2017.

Ka Makana at Hoakalei 3 bedroom, 2 bathroom with den/study and PV electric. Cable, internet, phone, yard service, tennis courts, fitness center, community pool included. $3400 per month. Available Mid May 2017.

BEAUTIFUL HOME FOR RENT!  Less than a mile’s walk to the beach, this beautiful 2600 sq ft home is one of the largest in the highly sought after Ocean Pointe community and is the perfect example of Hawaiian living. The upgraded tropical backyard includes a large covered lanai that acts as an extra living room – flat screen TV mount is included and is cable ready. In addition to a 2-car garage, the extra covered carport can be transformed into an outdoor workout space or game room. The open concept inside the house is great for entertaining. The kitchen has a large island, lots of counter space, and ample storage. The first floor also has a bedroom and full bath, offering a private area for visitors. The second floor includes a large master suite with walk-in closet, his and her sinks, and garden tub. It also has 2 additional bedrooms, full bath, and a bonus space for a home office.
The neighborhood is very military friendly and contains many parks for the kids and dogs. The community is near shopping, dining, golf courses, schools, and public transportation. All appliances included. The house gets great tradewinds, but has central AC for those warm summer months. Yard service is included so you can enjoy your weekends off. It is move in ready and easy to show. Pets allowed depending on breed and size.

$4,000 PER MONTH AVAILABLE ASAP.

For a private showing, contact First Sergeant (Retired) David Kucic via EMAIL TO DAVID@DAVIDKUCIC.COM
HAWAII MILITARY REALTY IS THE ONLY REAL ESTATE BROKERAGE IN HAWAII DEDICATED TO SERVING THE HOME PURCHASING, SELLING AND RENTING OF PROPERTY ON OAHU. EMAIL DAVID FOR ALL OF YOUR REAL ESTATE NEEDS

Honolulu Magazine has awarded Hawaii Military Realty, Inc. with their “Best in Real Estate” award for 2013.  Hawaii Military Realty, Inc. wants to thank all of their clients, friends, owners, buyers, sellers and support people such as escrow officers, escrow assistants and the great loan officers that work with us.  Hawaii Military Realty, Inc. would also like to thank the AWESOME other agents that we have had the honor of working with this year and in all the years past.

Hawaii Military Realty, Inc. is the only full service real estate company on Oahu, Hawaii that is dedicated to serving the needs of our Military Family in Hawaii.   This includes Active Duty Military, Retired Military, Civil Service, National Guard, Reservists, Veterans, DOD Contractors and their family members.

Hawaii Military Realty, Inc. is owned, managed and operated by retired Military, active duty military and their family members.

If you need assistance with buying a home in Hawaii, Selling a home in Hawaii or needing a property manager in Ewa Beach, Hawaii, please contact us anytime.  We represent  Buyers and Sellers across the entire island of Oahu but our property management is exclusive to Ewa Beach, Hawaii and we are experts in property management and sales in Ewa by Gentry, Ka Makana at Hoakalei Resort and Ocean Pointe all located in Ewa Beach, Hawaii.

CALL FIRST SERGEANT (RETIRED) DAVID KUCIC AT (808) 218-9338 OR EMAIL ME AT:  DAVID@DAVIDKUCIC.COM This property is located in Ocean Pointe,  Ewa Beach, Hawaii and has 3 bedrooms on the 2nd floor.  There are two full bathrooms on the 2nd floor and a half bathroom on the 1st floor.  It also has a private, fenced backyard with a detached 2 car garage, central air conditioning, tile flooring, front yard covered lanai.  Water and trash are included in the rent.  There is no community swimming pool in this complex but the Pacific Ocean is just down the street.  THERE IS NO STREET PARKING NEARBY AND LARGE, LONG SUVS AND/OR EXTENDED PICKUP TRUCKS WILL NOT FIT IN THE GARAGE.  Normal size cars, trucks and SUVs will fit just fine.  This property will be availble May 15, 2013.

For more information on Homes for Sale in Hawaii, VA Loans in Hawaii, listings on the Hawaii MLS or selling a home in Hawaii, contact the ONLY real estate company on Oahu that is dedicated to serving the needs of the Men and Women of the Armed Forces, Veterans, Retirees, National Guard, Reservists, Civil Service and Government Contractors.  Hawaii Military Realty, Inc is owned and operated by a retired Army family.  We know have been in your shoes, we have done it and we understand your needs and your language.  Call us!