Diamond Head’s Gold Coast had another good year of sales in 2010. This unique area on the water, with 17 oceanfront buildings, had 37 sales for the year. Excluding the Diamond Head Beach Hotel (which is leasehold, and sales are not reflected), the average sales price was $1,057,700 on average asking prices of $1,148,000. These apartments were on the market for an average [...]
As a busy buyer’s agent here on the Kona Coast, I’d like to share some statistics that you might not hear about in the usual market reports. The statistic I’d like to focus on is the sales price (paid) vs. asking price for a property. We have seen a big change from this time last [...]
There’s very little inventory today at the Ko Olina Kai Golf Estates in Ko Olina. Ko Olina Kai Golf Estates M26-3 (MLS# 1015719) is the only 3 bed, 3 bath unit available A few months back, a colleague of mine wrote about how the Ko Olina real estate market is bottoming out. Charlie spent many [...]
There are only four available condominiums in Mauna Lani less than $400,000!!! As I began to schedule showing appointments for my buyer clients, from the list of properties they had chosen last week, I learned that three were under contract, two had vacation guests and could not be shown, and the last had a non-responsive listing [...]
2010—for Kohala “Gold” Coast neighborhoods the year was…well, better than 2009! Ahhh…relax on the Big Island’s Gold Coast under the covered lanai of this Kohala Ranch estate asking $2,499,000 (MLS# 240141) I’ve started lumping the residential neighborhoods of Kohala Ranch, Kohala-by-the-Sea, Kohala Waterfront, and Kohala Estates together when looking at active and sold properties on this [...]
Overall, 2010 condo sales in Waikoloa Village reflected the statewide trend of a drop in sales prices bringing on an increase in number of condos sold in 2010. The total number of condos sold in 2010 was 34, not quite as healthy as the sales in the mid 2000′s, but an increase from 2009′s sales [...]
Ka Milo has begun the next phase of construction of their golf fronting homes. They are offering pre-sale pricing on the Makani floor plan which is currently framed and in a flurry of activity. The 2,491 sq. ft. (per developers plans) is priced at $1,330,000 (MLS# 241420).
There are just three developer units available at Kulalani in Mauna Lani Resort. Another interesting fact is there have been no resales in the development in the five years since completion. This in itself is remarkable due to the economic downturn over the past few years.
I had a sales mentor once who often talked about the 30,000 foot view. You know, the view from up above, the bigger picture? Well, as we head into 2011 with a country recovering albeit slowing from a recession, an improving stock market, low interest rates, and yet still a bit of uncertainty as our [...]
Haven’t you heard the term before that says, “cash is King?” I’ve often bought into that theory and do have to agree there’s nothing like doing a cash transaction with a quick closing. We all know that financing these days is not what it used to be. Banks are more stringent on their underwriting. It’s also [...]
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