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August 2021 Market Update with Video

 CoreLogic® reports the highest ever yearly price/value increase for all classes of real estate since they first started accumulating data in 1976, for the month of July 2021-18%.  Hawaii Island Real Estate continues the same trajectory.  See the stats highlighted below for emphasis.  I’ve always contended vacant land will be the last class of Real Estate to BOOM as buyers opt to build their dream homes versus buying a resale offering.  Our market is forcing the "Buy a lot and build a house"  option as there is very little speculative and resale home offerings being offered-see the stats highlighted in RED!  Fewer transactions tend to skew the monthly comparison stats but the Year Over Year stats tell the story!!! CONTACT ME TO LIST AND SELL YOUR PROPERTY QUICK!!!!!! Hawaii Information MLS Highlights: August 2020 VS August 2021 Transaction Stats Island Wide: 22.55% Increase in total number of transactions 33.86% Increase in Vacant Land transactions 38.46% Increase in Condominium transactions 9.13% ...

In Escrow-Fairways at Mauna Lani #303

I just listed then quickly put into escrow a GOLF COURSE FRONT townhome in the Fairways at Mauna Lani. The new owner will enjoy the Incredible course views from the Lanai, Living and Dining Room of the 4th Fairway of the Mauna Lani North Course. This well cared for property features 2 bedrooms and 2.5 Bathrooms with an attached 1-car garage, outdoor kitchen with BBQ, Laundry room with full size equipment and newer living room furnishings. All ceilings are 9'+ adding to this spacious floor plan. The Master bedroom includes an office or sitting room with it's own lanai over looking the golf course. Added extras include granite counter tops, stainless steel appliances, outdoor built in Viking BBQ, walk in closet and soaking tub. The Mauna Lani resort is a world-class, 3,200-acre oasis featuring 29 ocean front acres & two miles of secluded shoreline, 2 world class hotels, and the Shops at Mauna Lani. Owners enjoy a private, Beach Club at Makaiwa Bay for incredible snorkeling and beach activities. Additional amenities incl...

Large Solar array above Waikoloa Village

(click image to open PDF) You may have noticed a large scale construction site on the south-side of Waikoloa Road, approximately, 1-mile mauka of Waikoloa Village. This will be the largest solar array on Hawaii Island by a long shot. AES Distributed Energy was approved, in the last 4 years, to build a 30 MW solar photovoltaic array and 120 MWh, battery storage system. The entire system will produce electricity that will be sold to the Hawaiian Electric Co.’s via its renewable project initiative. In 2018, the Hawaiian Electric Companies (HECO) issued the largest ever Request for Proposals (RFP) for renewable energy in the state’s history. Through that process, eight projects were selected including AES Clean Energy's Waikoloa Solar + Storage Project. Waikoloa solar + storage project overview 30 MW ac solar photovoltaic 120 MWh containerized lithium-ion battery energy storage system (BESS) Feeds into Hawaiian Electric (HECO) grid, providing power to Hawai‘i Island customers Located in South Kohala District of H...

For Sale – Newer Sunset Ridge Home

Sunset Ridge 3-Car Garage End Of Cul-De-Sac 1800 plus s.f. Hurry to see the largest, single Level plan in the newer section of Sunset Ridge. This home is located at the end of the cul-de-sac, and features heavy landscaping and rock walls. There is plenty of storage for cars and toys in the 3-car attached garage. Upgrades include Central air conditioning, completely insulated, and stainless steel, kitchen appliances. The home has never been rented by the current owner and has been rarely used in last 2-3 years. The left side and rear yard, behind the garage, offer plenty of room for expanding the landscape or for a pet area. The great-room plan allows for views to the landscaped back yard and 3 possible eating areas surrounding the kitchen including a breakfast bar and nook plus a dining room. Outdoor living and dining are easily accessible from the great room or the master bedroom. The guest bedrooms are large enough for queen and king sized beds and have wall closets for plenty of storage. The laundry room features a work...

In Escrow-Kapuna Road in Scenic Ahualoa

I just put into escrow this stunning, private, 5-acre, gentleman's estate is tucked away and bordered on one side by a seasonal stream in a forested setting. The property includes a mature landscape of organic fruit orchard, banana grove, blessed with a healthy strand of red flowering lehua ohia, and a large stocked pond, providing a relaxed, peaceful environment. The property is conveniently located to both the Historic Plantation town of Honokaa, 3 miles away and all the amenities of Waimea 10 miles away. The 2,714 sf plantation-style primary residence features two master suites with hardwood flooring and quartzite stone ensuites, both of which have french doors leading out to the 12 ft deep wrap-around lanai- indeed lending itself to indoor/outdoor living. The home has 20 ft open beam wood ceilings, eight skylights providing natural lighting, and a real cooks kitchen, with DeWills, soft-close, cherry wood cabinetry. The great room features a dining room with a built-in wet bar, wine fridge, along with the added ambiance of a wo...

Market Update May 2021

In May 2021, the Big Island continued to experience major movement in total sales and median sales prices when compared to last year's market, with the single-family home price up 35% to $499,500 and the condo price up 38% to $439,000. Homes this month sold on average 41 days faster compared to May 2020, and vacant land inventory increased by 29% with 61 new listings available on the market compared to the month before. A video presentation of the May 2021 monthly stats is now available on YouTube. The video highlights total sales, median sales price, news listings, and days on market for single-family homes and condos island-wide for May 2021 compared to 2020.

Hapuna Beach Number 1 in USA

I swim regularly at Hapuna Beach State Park. Its vast expanse of over .5 mile wide is easily accessible and a perfect 1-mile swim round trip. The bay is a virtual swimming pool and real-life surf break for open water swimmers, snorkelers, and bodyboarders. I've participated in the Hapuna Rough Water Swim race as well and viewed the start to the Honu, Half Ironman Triathlon there several times.  It’s the perfect location for both events even thought the Honu event is actually taking place this weekend entirely within the Mauna Lani Resort for the first time today.  The swim start was at The Fairmont with swimmers sent in a southerly direction toward our beach club.  More on that event in the next Blog Post. This week, Dr. Stephen P. Leatherman, aka “Dr. Beach,” named Hapuna Beach State Park “America’s Best Beach” for 2021. Dr. Leatherman is a coastal expert and a professor at Florida International University and has assembled a list of his favorite US beaches for 31 years. In the past, Dr. Beach has acknowledged n...

Sold-Nohea at Mauna Lani Lot 25

Nohea at Mauna Lani Lot 25 is Under Contract!! We just put this Nohea offering in escrow for one of our existing clients that believe, like ourselves, that Mauna Lani offers one of the best values along the Kohala Coast. We've had lots of traffic on our Nohea homes with many compliments regarding the floor plans, furnishings, finishes and fixtures. This home is Bali Modern themed and furnished with items that accentuate the cabinetry, trim, wall coverings and finishes. The cabinetry, elaborate hardwood trim, hardwood floors and hand troweled, Old World stucco exteriors are unusual for this market. Lush landscaping is also included featuring a grass and paver driveway which adds more "green" scape where you would expect hard surfaces. Nohea at Mauna Lani Each home features a double courtyard plan allowing maximum light and air distribution throughout the home including the guest suites. The main living area features sliding pocketing doors that open to a large lanai and pool with 6 person, jetted spa. The master suite inclu...

Review and forecast – Hawaii real estate market May 2021

Hawaii Information Service Statistics-Kohala Coast Resort Market Click Here for full report March 2021 vs 2020 Consolidated Statistics Island of Hawaii: Unit Volume Listings Sales   Homes +20% +25% Condos +20% +100% Land +16% +45% Hawaii Information Service-Total Active Listings as of 5.10.21: Resort Homes Land Condominiums Mauna Kea 5 11 0 Mauna Lani 3 4 2 Waikoloa Beach Resort 3 1 10 Total 11 16 12 Corelogic Report Highlights Corelogic March 2021 Historic Data Comparison Home Price Insights - CoreLogic -Home prices nationwide, including distressed sales, increased year over year by 11.3% in March 2021 compared with March 2020 and increased month over month by 2% in March 2021 compared with February 2021 (revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results). -The CoreLogic HPI Forecast indicates that home prices will increase...

Sold-Fairways at Mauna Lani 303

I just SOLD to the former owner of Halii Kai 24F, a 2-bedroom/2.5 Bathroom property at Fairways at Mauna Lani.  This floor plan features 2 bedroom suites upstairs with a spacious living area, dining room and kitchen downstairs.  Additionally, there is a full size laundry room and attached 1-car garage.  All buildings in The Fairways are 6-plex featuring 2 of each of the 3 different floorplans offered within the community.  This unit faces the 4th fairway of the Mauna Lani North Golf course and has incredible views and privacy.  The upstairs and downstairs lanai offer views and privacy plus an outdoor kitchen featuring a luxury BBQ within the outdoor kitchen. This on got away but find more on my website by searching here!