Mauna Lani Point and Mauna Lani Terrace have the distinction of being the only condominiums at Mauna Lani Resort that are really “walk to the beach,” with many of them having extraordinary, intimate ocean views across the golf course. That translates into a certain level of demand despite their age and lack of garages, and [...]
It’s been just over five months since my last update on the Kolea at Waikoloa Beach Resort real estate market…but in some ways a quiet five months as buyers adjust to the next increment of prices sellers have in mind. The scarcity of listings (only 9 in October) prompted a new wave of sellers to come [...]
Catching up to the condominium sales in the Waikoloa Beach Resort over the past few months: Again, this reflects what we’ve been seeing, a modest increase in prices as the housing market recovers. Most of the buyers we are talking to recognize that the market has turned around from 2011 and is heading higher. Even [...]
The Treasury Department and Obama administration introduced Making Home Affordable (MHA) program in 2009. The MHA program created uniform guidelines for loan modifications, HAFA short sales, and foreclosure prevention. The MHA program has helped thousands of homeowners across the country avoid foreclosure by offering numerous loan modification options, or options like a short sale.
The sale of two beachfront lots in the gated oceanfront community Naupaka Place in Waikoloa Beach Resort for full asking price of $2 million each is indicative of the current optimistic climate in luxury Big Island real estate. Savvy developers are bringing new boutique oceanfront and beachfront projects to market, having invested through the downturn [...]
We live on a rock in the middle of the Pacific Ocean and sometimes forget that we are so in tune with the mainland economy. But looking at this graph (below) is a reminder that the low inventory we are seeing here on the Big Island is a reflection of the country as a whole. [...]
Just north of the Kohala Coast resorts lie three gated and one ungated residential communities with big ocean views and equal proximity to the amenities of the resorts and the necessities of life in Kamuela (Waimea) town. In recent years, modest homes in Kohala Estates have sold for under $500,000 and a few exceptional properties [...]
While our Kauai inventory continues to decrease, we still have a lot of short sales in contingent status. We also have homeowners that are underwater that may choose a short sale as a preferred options to foreclosure. One of the newer challenges in the short sale space is the phenomenon of “service releases.” In other [...]
In June 2012, I reported an active first half in the Hawi, North Kohala residential real estate market. In that period, sales outpaced the same period in 2011 by 50%, and the market was no longer dominated by distress sales. Overall, as the year ended home sales for 2012 were about the same as for 2011, [...]
If you are still hoping to buy a short sale or foreclosure property at one of the Big Island’s Kohala Coast Resorts, you will find options have become scarce and prices have risen. In recent years, we sometimes had five or six distress sales listed at a single complex; currently there is only seven active [...]
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