First Quarter 2010 Oahu Real Estate Report

Oahu real estate continues to show positive signs in the first quarter of 2010. The number of sales for single-family homes was up 36.7% from 436 to 596 while condominium sales grew by 48.7% from 552 in the first quarter of 2009 to 821 the same time this year.

Several Oahu areas saw more than 90% increases in the number of sales including; Kaneohe 103%, North Shore 100% and Pearl City- Aiea 90% for single-family homes and Leeward 106.3%, Makiki 93.5% and Diamond Head-Kahala 92.3% for condominiums.

The median price for single-family homes increased by 4.8% from $567,500 to $595,000 and the median price for condominiums grew 2.3% from $295,244 to $302,000. 45 Single Family neighborhoods and 13 condominium neighborhoods saw an increase in median price in this last 12 month period.

Here are the Top 5 Performing Neighborhoods that experienced the highest median price appreciation.

Single Family Homes

  1. Lanikai in Kailua +37.7%
  2. Waimalu in Pearl City/ Aiea +34.9%
  3. Lilipuna in Kaneohe + 26%
  4. Woodlawn in Manoa +21.6%
  5. Lower Nuuanu in Makiki +17.4%

Condominiums

  1. Kapalama – Kalihi +53.3%
  2. McCully – Nuuanu/ Makiki +15.6%
  3. Lower Punchbowl – Nuuanu/Makiki +9.5%
  4. Waialae Nui Valley – Waialae/Kahala +8.6%
  5. St. Louis – Oahu Other+8.2%

Homebuyer Tax Credit Ending April 30th

The government’s $8,000 first-time and $6,500 repeat homebuyer tax credits are ending this month, but it’s not too late to qualify for it.

Prudential Locations is Hawaii’s largest locally owned and operated real estate company, featuring advanced Hawaii real estate search and exclusive Hawaii foreclosure listings. Visit us online at http://www.prudentiallocations.com

Earth has just a handful of long-lived lava lakes

What volcanic locale do the following characteristics describe? (1) A persistent lava pond within a deep pit crater, just below a popular visitor overlook in a national park, (2) Small explosions that have thrown debris over a nearby visitor parking lot, (3) A continuous gas plume, producing choking vog that affects downwind communities, (4) The sacred home of a fearsome female deity.

To most Volcano Watch readers, these descriptions would rouse thoughts of Halema`uma`u Crater, at Kilauea’s summit. Its ongoing eruption, now entering its third year, exhibits all the characteristics above.

But, remarkably, these traits also describe Masaya volcano, a broad basaltic shield just outside the city of Managua in Nicaragua. It is frequently active, with Spaniards first documenting its activity in 1525. Some Spaniards believed it was the mouth of hell, while others tried to extract the gold they thought was within the active vent. To indigenous people, Masaya was the home of Chalchiutlicue, the water deity, who was an old and wise sorceress with sharp fangs.

In recent decades, a deep pit crater at Masaya has hosted persistent lava activity. At times, there is a lava pond, and, at other times, the floor of the crater consists of rubble with small incandescent openings. Visitors can see the vent from the overlook on the crater rim. In April 2001, a small explosion scattered rocks across the visitor parking lot, just beside the overlook, damaging cars and buses. Tourists at the overlook sought refuge in their vehicles or fled on foot; several sustained injuries from flying debris. Despite the danger, Masaya continues to be a popular visitor destination in Nicaragua.

Persistent lava lakes and lava ponds exist at several other volcanoes. Mount Erebus, on Ross Island in Antarctica, has hosted a small lava lake since at least 1972, and possibly as far back as 1841. Mount Erebus’ lava lake is notable, in part, because of the frequent small explosions in which large gas bubbles can be seen rising to the surface and bursting in spectacular fashion.

Two long-lived lava lakes are situated in Africa. Erta Ale volcano, in a remote part of Ethiopia, has hosted a lava lake since at least 1967. The lava surface consists of slowly migrating crustal plates, with upwelling in one portion of the lake and sinking in another. Mount Nyiragongo, in the Democratic Republic of the Congo, is a large stratovolcano that has hosted a lava lake since at least the 1950s. The lava lake has drained several times through the volcano’s flank, producing fast-moving flows that have entered the city of Goma with deadly results.

How can lava lakes exist for decades? All persistent lava lakes share a fundamental process—called magmatic convection—that enables them to remain fluid. It begins with gas-rich magma rising from depth. As the magma approaches the surface, the gases bubble out and escape. The magma at the top of the column, now degassed and somewhat cooled, is slightly denser and sinks back down the conduit. This cycling of mass and heat sustains an open, active vent—a process now underway at Halema`uma`u.

Persistent lava lakes are invaluable to scientists because they offer a “natural laboratory” for volcanic processes. The continuous activity provides ample time to observe magmatic convection, crustal foundering, degassing, and spattering behaviors. Changes in activity can be observed and used as keys to understanding the deeper magmatic system.

What can we learn about Halema`uma`u from these other lava lakes? Whereas eruptions are relatively brief at most volcanoes on Earth, persistent lava lakes demonstrate that some volcanoes can maintain continuous activity for decades or more. We know that Halema`uma`u’s lava lake persisted through much of the 1800s and early 1900s, so Halema`uma`u is essentially already a part of this exclusive group.

The question is whether Halema`uma`u’s current activity will continue sufficiently long that it can renew its membership in the persistent lava lake club. Only time will tell, and HVO will continue to watch and learn from this fascinating eruption.

Kilauea activity update

On Kilauea’s east rift zone, small breakouts were active well above the pali, about 1 km (0.6 mile) above Royal Gardens subdivision, through the week. There are no active flows on the face of the pali, on the coastal plain, or in the National Park.

At Kilauea’s summit, a spattering and roiling lava surface deep within the collapse pit inset within the floor of Halema`uma`u Crater was occasionally visible via Webcam during the past week. Volcanic gas emissions remain elevated, resulting in high concentrations of sulfur dioxide downwind.

One earthquake beneath Hawai`i Island was reported felt during the past week. A magnitude-2.9 earthquake occurred at 1:11 a.m. on Wednesday, March 24, 2010, H.s.t., and was located 15 km (9 miles) west of Pahala, at a depth of 3 km (2 miles).

Visit the HVO Web site for detailed Kilauea and Mauna Loa activity updates, recent volcano photos, recent earthquakes, and more; call (808) 967-8862 for a Kilauea summary; email questions to askHVO@usgs.gov.

Volcano Watch is a weekly article and activity update written by scientists at the U.S. Geological Survey’s Hawaiian Volcano Observatory.

Ohana Music Together Comes to Libraries

Ohana Music Together, an internationally-recognized early childhood music and movement program for babies, toddlers, and preschoolers, will be presented at the Hawaii State Library on Tuesday, March 30 at 10:30 a.m. in the Edna Allyn Children’s Room.

Rebecca Andrew, owner and director of Ohana Music Together of Hawaii, will conduct the free program which encourages children to experience music and emphasizes adult involvement.

The Friends of the Library of Hawaii are sponsoring this program which is suitable for ages 4 and younger. All children must be accompanied by a parent or caregiver.

In addition, other Oahu libraries are scheduled to host the Ohana Music Together program this month:

  • March 22, 10:30 a.m. – Kailua Public Library (239 Kuulei Road; telephone 266-9911)
  • March 25, 10:30 a.m. – Kaneohe Public Library (45-829 Kamehameha Highway; telephone 233-5676)
  • March 29, 10:30 a.m. – Salt Lake-Moanalua Public Library (3225 Salt Lake Boulevard; telephone 831-6831).

Contact the Hawaii State Library two weeks in advance if a sign language interpreter or other special accommodation is needed.

Hawaii State Library is located at 478 South King Street, corner of Punchbowl and South King Streets. For more information, please call the Library’s Edna Allyn Children’s Room at 586-3510.

Tsunami Warning

From the Pacific Tsunami Warning Center:

A TSUNAMI HAS BEEN GENERATED THAT COULD CAUSE DAMAGE ALONG COASTLINES OF ALL ISLANDS IN THE STATE OF HAWAII. URGENT ACTION SHOULD BE TAKEN TO PROTECT LIVES AND PROPERTY.

A TSUNAMI IS A SERIES OF LONG OCEAN WAVES. EACH INDIVIDUAL WAVE CREST CAN LAST 5 TO 15 MINUTES OR MORE AND EXTENSIVELY FLOOD COASTAL AREAS. THE DANGER CAN CONTINUE FOR MANY HOURS AFTER THE INITIAL WAVE AS SUBSEQUENT WAVES ARRIVE. TSUNAMI WAVE HEIGHTS CANNOT BE PREDICTED AND THE FIRST WAVE MAY NOT BE THE LARGEST. TSUNAMI WAVES EFFICIENTLY WRAP AROUND ISLANDS. ALL SHORES ARE AT RISK NO MATTER WHICH DIRECTION THEY FACE. THE TROUGH OF A TSUNAMI WAVE MAY TEMPORARILY EXPOSE THE SEAFLOOR BUT THE AREA WILL QUICKLY FLOOD AGAIN. EXTREMELY STRONG AND UNUSUAL NEARSHORE CURRENTS CAN ACCOMPANY A TSUNAMI. DEBRIS PICKED UP AND CARRIED BY A TSUNAMI AMPLIFIES ITS DESTRUCTIVE POWER. SIMULTANEOUS HIGH TIDES OR HIGH SURF CAN SIGNIFICANTLY INCREASE THE TSUNAMI HAZARD.

THE ESTIMATED ARRIVAL TIME IN HAWAII OF THE FIRST TSUNAMI WAVE IS 1105 AM HST SAT 27 FEB 2010.

Latest updates:

Resources:

Volcano Watch

Lava takes ‘two steps forward, one step backward’

Lava advances in “two steps forward, one step backward” style

Long-time Kilauea Volcano watchers know the drill when the supply of magma to the active vent on the volcano’s east rift zone is interrupted—abandonment of the “old” lava tube system, breakout of new surface flows, an evolving tube network, and eventually a new ocean entry.

This drama is unfolding again as many small `a`a and pahoehoe flows spread through what is left of the Royal Gardens subdivision and move a short distance across the coastal plain. The flows are providing sporadic, distant views of incandescent lava, glow, and burning vegetation from the Hawai`i County viewing area in Kalapana.

These flows are the consequence of a temporary decrease in magma supply to the active vent, beginning December 29 and lasting nearly 6 days. The decrease corresponded to a pronounced deflation of the summit and east rift zone area, followed by several days of only slight inflation as recorded by sensitive tiltmeters.

Scientists interpret deflation as an indicator of a relative decrease in magma supply and inflation as an increase in magma supply.

When the December 29 deflation event began, lava was pouring into the ocean at Waikupanaha, and more than 1,000 people per day were visiting the Hawai`i County lava viewing area. Within a few days, however, the entry shut off completely. Lava stopped entering the ocean by January 4, but some lava continued to move through the uppermost part of the tube system within about 3 km (2 miles) of the TEB vent.

The upper tube system lies within a complex series of rootless shields tens of meters (yards) tall that were built by thousands of overlapping small flows between November 2007 and February 2008. Near the lower end of these rootless shields, the original tube system became blocked as the Waikupanaha entry shut off, forcing lava to break out onto the surface at several locations between the shields and the top of Royal Gardens.

These flows are slowly creating a new but unstable tube system as the supply of magma to the vent continues to fluctuate. Seven deflation-inflation events have occurred since December 29.

During the inflation periods, new breakouts from the tube have generally formed longer flows that reached lower and lower elevations on the pali. Breakouts from the next inflation period often start lower than the previous breakout—evidence that the tube system was elongating and forming longer flows. The overall result of this pattern, as described by scientists, is a “two steps forward, one step back”-style of flow advancement and tube development.

Continued small fluctuations in magma supply as a consequence of small deflation-inflation cycles will likely promote growth of the new tube system all the way to the coast, west of the Waikupanaha entry. But a larger- or longer-than-usual deflation event may cause the young tube system to stagnate and trigger new breakouts above Royal Gardens in a sudden step backward.

Kilauea Activity Update

Surface flows have been active on the lower pali and coastal plain within the Royal Gardens subdivision. These flows have largely stayed close to the base of the pali but had extended halfway to the coast by Thursday morning. A deflation/inflation cycle, which started on Tuesday at Kilauea’s summit, caused these flows to slow down by mid-week. Surface flows in the same general area will likely be renewed when the volcano re-inflates.

At Kilauea’s summit, a spattering and roiling lava surface, deep within the collapse pit inset within the floor of Halema`uma`u Crater, was sporadically visible via Webcam. On several occasions, the lava surface rose slightly briefly covering the floor of the pit, but activity, for the most part, has remained fairly steady. Volcanic gas emissions remain elevated, resulting in high concentrations of sulfur dioxide downwind.

There were no felt earthquakes during the past week.

Visit the HVO Website for detailed Kilauea and Mauna Loa activity updates, recent volcano photos, recent earthquakes, and more; call (808) 967-8862 for a Kilauea summary; email questions to askHVO@usgs.gov.

Volcano Watch is a weekly article and activity update written by scientists at the U.S. Geological Survey’s Hawaiian Volcano Observatory.

Photo: Aerial view of Kilauea Volcano’s south flank shows new lava flows in Royal Gardens subdivision (center) and the coastal plain (bottom center). Blue smoke (center right) is from burning vegetation caused by active lava flows. The developing lava-tube system is marked by the linear alignment of fume left of the burning vegetation, extending to the horizon. U.S. Geological Survey photograph by Jim Kauahikaua, February 11, 2010.

Hawaiian Airlines touts on-time performance

Hawaiian Airlines extended its streak as the nation’s #1 on-time airline to a sixth consecutive year in 2009, according to today’s release of the U.S. Department of Transportation’s (DOT) Air Travel Consumer Report for December and year-end.

Hawaiian’s on-time performance for all of 2009 averaged 92.1 percent highlighted by its leading the industry in each month for the entire year (Hawaiian ranked #1 in December at 87.0 percent). Hawaiian has led the nation’s carriers in on-time performance every year since 2004 and during that span has earned the #1 ranking in 63 out of a possible 72 months.

“The employees of Hawaiian Airlines know what customers care about most is arriving on time, and for the last six years, no one’s been better at this than Hawaiian Airlines,” said Mark Dunkerley, Hawaiian’s president and CEO.

Hawaiian also finished 2009 as the nation’s top-ranked carrier for fewest flight cancellations based on data reported monthly by DOT. Hawaiian averaged an industry-best 0.2 percent for flight cancellations in 2009, and either led all carriers or tied for the top spot in nine of the 12 months. In December, Hawaiian was nearly perfect at finishing #1 with only two cancellations out of 5,833 total flights.

Hawaiian earned the second-highest overall score for baggage handling in 2009 averaging 1.90 mishandled baggage reports for every 1,000 passengers served during the year. In December, Hawaiian recorded the industry’s top score with 1.66 mishandled baggage reports per 1,000 passengers.

Hawaiian also ranked second overall nationally in fewest oversales for 2009, reporting only 22 involuntary denied boardings out of more than 8.3 million passengers served during the year.

Hawaiian is the nation’s largest provider of air service to Hawaii from the Western U.S., as well as the leading carrier for interisland service between the islands of Hawaii. The DOT report covers 19 airlines, including nine carriers providing service to Hawaii, and is available online.

Big Island Avocado Festival on Feb. 20

Local avocados are the star of the show at the fourth annual Hawai’i Avocado Festival on Saturday, Feb. 20, from 9:00 to 5:00 pm. The free community, Zero Waste event is at the Amy B. H. Greenwell Ethnobotanical Garden on Hwy. 11 and offers a wealth of activities for attendees of all ages.

Fun and informative festivities include demonstrations on avocado grafting and growing, an avocado recipe contest, free guacamole sampling, farmer’s market, arts and crafts, healing arts, agriculture and sustainable living displays, a green fashion show, raffle benefit for Innovations Public Charter School, exciting keiki games, healthy organic foods and a beverage booth serving refreshing smoothies, juices and kava drinks and a chic green fashion show, a living Eco Village pavilion, a silent auction presented by Innovations Public Charter School, arts and crafts, healing arts, sustainable living displays and exciting keiki games.

Experts with UHʼs College of Tropical Agriculture and Human Resources (CTAHR) and the HawaiÊ»i Tropical Fruit Growers Assoc. will host demonstrations on avocado culture, including growing varieties suited to HawaiÊ»i, plus grafting techniques, organic management and bee keeping and pollination. Also on tap is a panel discussion, “Putting the Culture Back into Agriculture.”

New to this yearʼs festival is a demonstration of “figure casting” by Josef Hadley aka Brudajo. Also on display will be original festival art by Shirley Pu Wills, a Chinese brush painting titled “Avocadoes in the Breeze.” The art will be sold on prints and T-shirts and Wills will be available to sign prints.

For information, contact Randyl Rupar at (808) 936-5233 or randyldna@earthlink.net, or visit www.manakeasanctuary.org.