Foreclosures have hit Kaanapali Resort and there are more to come. View Kaanapali Resort Foreclosures → Exterior of beautiful Maui foreclosure home in Kaanapali Hillside (MLS# 342261) Many of you have wondered over the last couple of years whether the economic downturn would ever affect our resort communities here on Maui. I often thought they [...]
If Hawaii wins the bid, the Obama Presidential Library would attract investors far and wide in its construction, beautiful the Honolulu waterfront, and grant Hawaii its rightful place on the worldmap once and for all. The library would serve as a repository for documents, records and artifacts of his presidency. The House Tourism, Culture and [...]
Sweeping ocean views from condo (MLS# 2911972) just down the street from Waikiki’s newest hotel/condo development There was a recent article in the Pacific Business News announcing that Kyo-Ya, the owner of Waikiki’s Sheraton Princess Kaiulani Hotel, will be redeveloping that property and constructing a new hotel altogether. This will be the first “new construction” [...]
I got a call from the Principal Broker at Halii Kai at Waikoloa Beach Resort yesterday to alert me that they had decided to reduce pricing on their remaining units to compete with other Big Island short sales and REOs (foreclosures). Just to paint a complete picture, aside from the oceanfront property sale that closed [...]
There is strong activity in the Kihei condo market driven by several market factors. 15 Kihei condos for sale went into escrow in January, 26 in February, and 51 went into contract in March—and the month isn’t over. Hale Hui Kai sits on the sand at spectacular Keawakapu Beach, a few buildings south of the Mana [...]
While we have a few new REO listings and there are 16 Kauai REO properties in escrow, we continue to see an increase in short sales. Once the major lenders launch their participation in the HAFA program, we will continue to see more short sale opportunities and hopefully the time frame from writing an offer [...]
The Kauai high-end market was recently part of a relatively new occurrence.
Low inventory and a recent flurry of competing offers for short sales in the Mauna Kea Resort‘s Wai’ula’ula condos are finally pushing up values… at least in this little pocket of one of the Big Island’s most renowned luxury resorts. Gorgeous living room with ocean views from condo in Wai’ula’ula community Short sales in Wai’ula’ula [...]
Short sales are not for the inexperienced! Unbeknownst to many listing agents and sellers, each time an “additional” offer is submitted to the bank (the seller’s lien holder), the process starts over, adding up to two months to the transaction, during which a foreclosure can actually occur!
Perhaps one of the best kept secrets along the entire Kohala Coast of Hawaii’s Big Island is the mauka side of Puako Beach real estate. It’s a common phenomenon for visitors—some who have been coming to the island for years, staying at the Mauna Lani Resort or Mauna Kea Resort—to “discover” Puako, fall in love [...]
I anxiously await the first blossoms of my favorite orchid, the Honohono. It is one of the most fragrant of orchids and actually quite easy to grow. The smell sends me back to my childhood. My mother used rice rinse water to feed her plants. She said it was the talc in the water that [...]
Honolulu Trophy House Sunday’s Star Bulletin featured an article on a rare Nuuanu mansion named “Lihiwai” (MLS# 2909496) which was built back in 1929. Price: $4,500,000 ($-2,000,000)
When I moved back to Maui, it was with intentions of doing things that I never and always wanted to do….sort of like a pakekek (bucket) list. So, I decided to give the Maui Canoe Club a looksee. I went online to discover that they do not compete (that’s a plus), they accept provisional memberships [...]
Here is our bargain home offered in the 3rd week of March. Stunning Ocean Views from this North Kailua-Kona home (MLS# 233293). Banked owned REO Offered below assessed value. Price: $424,000 Assessed Value: $595,000
HAWAI'I LIFE