If you have been dreaming of owning a Coffee Farm in Kona, now might be your chance. Old style South Kona coffee farm with Pacific Ocean views A 15-acre coffee farm with three homes (MLS# 233933) has just come on the market for $299,000. The owners have averaged $70,000 gross in coffee cherry (fresh picked unprocessed [...]
Prices continue to drop at Hualalai Resort, home of the Big Island’s Four Seasons Hotel. One of the best deals currently at Hualalai Resort is a Villa at Ka’ulu (MLS# 222231). It was originally priced at $2.5 million. The most recent sale of a Villa was for $2.4 Million. This Villa is now priced at [...]
5231 Kuaiwi Pl (MLS # 1006735) is the first home to hit the market in Kahala Kua in over a year. Talk about low supply! The home was built in 2003 and featured in the April, 2004 issue of Hawaii Home and Remodeling in an article titled “Making Your Great Room Great.” The views of [...]
I am the phone center “person” for the Big Island and therefore talk to a lot of perspective buyers calling for that personal touch to discuss buying property on the Big Island. One call this past week in particular really got me thinking…the gentleman asked, “why is everything showing up contingent?”
First quarter 2010 stats show that real estate sales are finally picking up at Mauna Kea Resort. Sales are increasing at Wai’ula’ula at the Mauna Kea Resort, where residents enjoy their own private fitness, swimming, and amenity centers. In the first quarter of 2009, the Kohala Coast’s Mauna Kea Resort did not have one sale; [...]
If you’re seeking a home in the resort, golf, and beach community of Wailea on Maui’s sunny south side, you might consider one of the region’s several short sales. A client asked if there were any bank-owned (REO) properties in the Wailea/Makena area. To the best of my knowledge, I wasn’t aware of any but [...]
Traditionally in Hawaii, we hold enormous first birthday luaus and as Broker-in-Charge of Big Island Sales, this would have been my responsibility to plan on behalf of the company. I say “would have” because the truth is, the one-year anniversary of our first transaction closing on the Big Island has come and gone without fanfare. [...]
Short sales, REO’s and luxury property auctions are driving down prices in Kona despite low inventory. Seventy-nine homes sold in the first quarter of 2010 here in Kona as compared to only 42 in the same period last year. Yet while escrows are up, and inventory is down, the median price for homes in Kona [...]
Mark Twain used to say, “There are three kinds of lies: lies, damned lies, and statistics.” Real Estate agents are an incredibly narcissistic bunch. We love to be “#1,” “top-producing,” etc. We’re experts at padding sales figures to support our cause. Unfortunately, the favorite measure of #1 is money (sale volume). After all, that’s what [...]
The sales volume on Oahu continued to gain steam outpacing 2009 again. Single family home sales were up 32.1% and condo sales were up 36.4%. Prices were also slightly up with 4.2% appreciation on homes and 3.3% appreciation for condos. While volume and prices were heading up, inventory was down 23.8% across the board compared to [...]
Sometimes analyzing the past can be a good predictor of the future, and right now many indicators from the past suggest that the US economy is indeed improving…except for a few domains: 1 ) Sell in May and Go Away? This old adage may not always apply. Despite the long-held theory that the economy is [...]
The jury is still out on that one. LED (Light Emitting Diode) bulbs are many times more efficient than even CFL light bulbs. They last many times longer as well. The technology, however, is so new that 1) they are still very expensive, and 2) not all the bugs have been worked out. I predict, however, [...]
Kona foreclosure bargain of the year (MLS# 233697) is oceanfront!
Diamond Head Lookout within walking distance of Oahu home… I just saw a new listing pop up today in Diamond Head and the main photo in MLS was a picture of the coastline. The description of the photo said it was within “walking distance”. Well, what do you define as walking distance?
Aloha Spirit in Hawaii I was at a seminar the other day where someone told me that the definition of aloha was in the Hawaii State Constitution. So, inquisitive me decided to do a little research. I Googled the Hawaii State Constitution and found nothing to the fact. Lucky for me there was a link [...]
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