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VelCom Realty

Welcome! My name is Dante Velacion and I am a Realtor from VelCom Realty. I am a qualifted professional who offers a variety of real estate services to Hawaii.

With so many agents to choose from, why not choose the one who can help you through every stage of life? My goal is to help you in every real estate transaction you might come across, whether you are buying your first home, selling your home, looking for commercial property for your business, property to invest in, needing a rental home or apartment, or you are trying to find a perfect community to retire in!

09/17/2023

Found me a new hiking partner!

12/16/2022

Learning about investing in multifamily with 50+ units from the man himself at . Seeing the difference on investing in single-family rentals compared to multifamily with 50+ units is amazing. The amount of money you need to invest in these types of deals with me is very small compared to going on your own buying rentals. There's also a possibility of infinite returns. Dm me or call me if you're interested in getting more info!

12/11/2022

Price Reductions Increase Amid Sluggish O‘ahu Home Sales
Median sales price for condos drops 4% year-over-year to $480,000

O‘ahu’s single-family home and condo markets experienced a significant year-over-year decline in sales, falling 48.2% and 43.4%, respectively. The median sales price for a single-family home rose 9.5% to $1,149,500, while the median sales price for a condo dipped 4.0% to $480,000 compared to November 2021.

The number of single-family homes and condos sold over the original asking price dropped significantly, falling 73% and 68%, respectively. More active listings underwent price adjustments in November 2022, with approximately 46% of single-family home active listings and 36% of active condo listings experiencing a price reduction at some point during their time on the market.

Active inventory continued to build across Oʻahu, with single-family home supply more than doubling in the Central Oʻahu, the Ewa Plain, Leeward, Pearl City, and Waipahu regions compared to a year ago. The condo supply increased in all regions except Diamond Head and Pearl City.

Closed sales in both markets declined across most price points, with single-family homes in the $700,000 to $1,099,999 price range accounting for the most significant decrease, down 55% year-over-year. Condos within the $400,000 to $699,999 price range dropped by 50% compared to a year ago, although properties in the $2 million and above price range doubled. Both markets in the Ewa Plain (down 64% for single-family homes and 65% for condos) and Metro regions (down 54% for single-family homes and 43% for condos) accounted for the most significant decline in closed sales. Meanwhile, around 180 property sales closed under $500,000 in November 2022.

11/18/2022

Link in Bio

11/06/2022

O‘ahu Home Sales Drift Downward Amid Dampened Buyer Activity
Properties are spending longer on the market, marking a median of 19 days

Buyer activity continues to slow with closed sales of single-family homes dropping 41.7% and condos falling 28.8%. Median sales price growth has also decelerated, though prices remained up year-over-year, with single-family homes increasing 5.0% to $1,050,000 and condos rising 4.0% to $520,000.

Properties that closed in October were on the market for a median of 19 days in both markets, up approximately eight to nine days year-over-year. Bidding over the asking price is shifting downward in both markets. For single-family homes, sales this October were split, with 50% of single-family home sellers receiving their full asking price or more, while the other 50% of sales closed below the original asking price. That’s a notable difference considering 75% of single-family homes sold at full asking price or more in October 2021. The condo market also saw 48% of sales close at the full asking price or more, compared to 59% last year.

10/06/2022

Sales of O‘ahu Homes Cool Amid Rising Mortgage Rates
Median sales prices remain relatively flat, active inventory builds gradually

Rising mortgage rates are weighing on home sales. Year-over-year, single-family home and condo sales dropped 34.4% and 19.3%, respectively, and compared to August 2022, single-family home sales were down 11.5%, while condo sales dipped 2.4%. Pending sales activity was also muted compared to last year, with contract signings falling 43.7% for single-family homes and 30.7% for condos.

Median sales prices remained relatively flat over the last several months and saw a slight bump up compared to the same time last year. In September, the single-family home median was $1,100,000, up 4.8%, while the condo median sales price was $502,500, a 5.1% increase from a year ago.

09/08/2022

I am so excited to announce that the NFT company that I founded with my co-founder Sergio Siacunco is in a proud partnership with NFA Inc. They have a digital and physical art gallery in Las Vegas where our NFT will be showcasing in. To learn more about our NFT click on the link below

https://linktr.ee/tikiopia

.

09/07/2022

Sales of O‘ahu Homes Return to Pre-Pandemic Levels
Median sales price for condos dips to under $500,000

More than 300 single-family homes and more than 500 condos sold in August, which is near pre-pandemic annual average closed sales per month for single-family homes and above average for condos. Median sales prices remained on pace with recent months, with August’s single-family home median sales price rising 7.2% year-over-year to $1,125,500 and the condo median sales price marking a nominal decline of 0.3% to $498,500.

While new listings fell 17.2% for single-family homes and 15.7% for condos, active inventory increased 43.3% for single-family homes and 12.9% for condos, though this lags behind pre-pandemic levels. A larger share of new listings remained active at the end of the month – 61% compared to 46% last August for single-family homes and 59% compared to 48% for condos – which is another indication of the cooling market. In both markets, properties that sold in August were on the market for a median of 13 days.

09/05/2022

"The supreme accomplishment is to blur the lines between work and play." (- Arnold J. Toynbee) I hope whatever you do for work brings you joy, but remember, it's still work. So be sure to take today to relax and recharge. You deserve it.

08/24/2022

Heading to Las Vegas! First stop the airport lounge. 😂

08/08/2022

Sales of O‘ahu Homes, Condos Fall Nearly a Quarter in July
Properties continue to move into contract quickly despite cooling demand

Closed sales in both single-family home and condominium markets declined by 22.8% year-over-year. Sales also slipped from a month ago, down 12.6% for single-family homes and 17.3% for condos.

Pending sales were down year-over-year 31.4% for single-family homes and 26.4% for condos. Fewer new listings were added to the market compared to a year ago, with 386 single-family home listings, a 17.7% year-over-year decline, and 616 condo listings, down 7.2% from last July. However, the active inventory of single-family homes was 38.8% more than last year, and the active inventory of condos was up 8.4%.

08/02/2022

What I'm stuck doing today but I don't mind it. Never know, I might learn something new today with all the changes that has happened with the law/rules lately.

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Honolulu, HI
96828

Telephone

+18082718347

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