Posted by Heidi White, R(S) on March 9th, 2010 |
Tags: Big Island, Deals, For Sale, Hawaii, Kailua Kona, Kaloko, Kona, Luxury, REO
Previously on the market for $1.3 M. This Kona REO (MLS# 222641) is now listed for $869,000
PRICE: $869,000 ($-80,900)
ASSESSED VALUE: $1,109,000
If your not familiar with Kaloko Mauka, it is at a higher elevation above Kailua-Kona with lush cool climate. Here is a beautiful, custom luxury residence nestled in 5 acres of Ohia trees, Hapu ferns and lush Hawaiian foliage…a quiet forest setting. Read entire post →
Posted by Erik Hinshaw, R(S) on March 3rd, 2010 |
Tags: Big Island, Deals, Fixer Upper, For Sale, Hawaii, Kailua Kona, Luxury
Looking for a bargain Kailua-Kona luxury home you can put your own touches on, Look no further.
Priced at $750,000 this elegant home Keauhou home needs some freshening up. With some light cosmetic work this home could be stunning again. The views, the location and the layout are superb.
PRICE: $750,000 (- $149,000)
ASSESSED VALUE: $1,190,300
Posted by David Buck, R, BIC on February 12th, 2010 |
Tags: Ewa Beach, Foreclosures, Kailua Kona, Kapolei, REO
Kapolei Led Oahu in January, 2010 Foreclosures
Yesterday’s front page of the Star Bulletin read Foreclosures Up 286%. Hawaii dropped from our worst ever ranking of 10th nationally to 11th in January. In December, Ewa Beach led Oahu in foreclosures. However this month, Kapolei surpassed Ewa Beach (now 3rd in the state) and Kailua-Kona (ranked 2nd) on the Big Island.
What does this mean? More REO inventory will be on the horizon. I just closed an REO listing of mine yesterday in Ewa Beach yesterday for above asking! Buyers are looking for a great deal & most REO listings are priced well by the lenders for a quick sale. How do you find out about these before they’re sold? Work with a good Buyer’s Agent! Here’s some galleries of some current single family home and condo REO inventory. If you’re looking for alerts to see all REO’s on market, contact one of us today to help you navigate this process and find the right home!
Posted by David Buck, R, BIC on December 11th, 2009 |
Tags: Big Island, Ewa Beach, Foreclosures, Hawaii, Honolulu, Kailua Kona, Kauai, Kihei, Lanai, Maui, Molokai, Sales Stats
Hawaii is now ranked 15th in the nation for foreclosures.
Once again our foreclosure rate has increased over last year. In November it was up 121.9% according to an article in the Star Bulletin quoting stats from RealtyTrac. Kailua-Kona on the Big Island led the state with the highest number of foreclosures, followed by Kihei, Maui and then Ewa Beach here on Oahu.
Oahu still has the lowest foreclosure rate. Maui leads the state, followed by the Big Island, then Kauai. It appears the majority of the foreclosures are taking place around the resorts or second home markets.
We at Hawaii Life have REO agents on Maui, the Big Island, Kauai and here on Oahu to help lenders sell their assets. It would also be smart to team up with a buyer’s agent to keep an eye out for these listings as they sell fast!
Posted by Erik Hinshaw, R(S) on October 12th, 2009 |
Tags: Big Island, For Sale, Kailua Kona, Sales Stats, Selling
If you have been shopping for a home here in Kailua-Kona the past few months you might notice that something strange is going on. After months of falling prices the average listing price of homes in Kailua-Kona shot up 3.1% month over month.
Could the bottom of the market be behind us? Maybe, maybe not. While the listing price of homes has risen the actual sales price of homes here in Kailua-Kona continues to fall. The median sales price has fallen 10% compared to the same period last year. Price per square foot has fallen even farther; down over 17% from last year.
So why the rise in listing prices? Simple, supply and demand. These low prices have attracted buyers. The number of sales is up. In fact home sales have increased a whopping 45.7% compared to the same period last year. At the same time the number of listings on the market is falling. We are finally making some headway in clearing out the inventory of unsold homes.
Are prices really going to rise? Probably not yet. One reason for the listing price inflation is that agents are competing with each other to get listings and seller’s are eager to go with the agent who suggests the higher price. What these agents aren’t telling their sellers is that to get a loan buyers need an appraisal. Appraisal’s are based upon what has sold. And as I pointed out the prices homes are selling for continues to drop. With all the short sales and foreclosures in the pipeline that won’t be ending any time soon.
So what does this mean for a prospective buyer or seller? Now more than ever you need an agent who is on your side. If you are looking to sell your home you need an agent who will price it to sell. If you are looking to buy you need a dedicated buyer’s agent to steer you towards well priced homes.
Posted by Beth Thoma Robinson, R(S) on September 8th, 2009 |
Tags: Big Island, For Sale, Kailua Kona
Last week I had the pleasure to assist clients who had traveled from Tennessee to Hawaii to search for a dream horse-friendly property to buy now for future retirement. They were referred to me by someone who had been to the Big Island for Parelli Natural Horsemanship clinics I hosted. It was imperative to this prospective buyer that the real estate agent she worked with own and ride horses, and so would be knowledgeable about whether properties would meet her criteria: that she could keep her horses on her own property, would not have to supplement pasture with hay or cubes, and that there be good riding without needing to trailer her horse. If any of those criteria are important to you, please read on! Read entire post →
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