Real Estate

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-Kulalani at Mauna Lani 1805

Kulalani at Mauna Lani 1805 68-1118 North Kaniku Dr, Waimea, HI 96743 I sold Kulalani at Mauna Lani 1805 in January 2021 to my client. It was listed for $799k and sold for $750k. I just put the same unit into escrow to close in January 2022. The floor B-2 plan offers over 1900 square feet of fabulous open, and private, luxury living with great garden views. This unit is located within a 6-plex building that offers spacious 1-car garages. The front entry experience includes a private courtyard which leads you through a small foyer and into the main living area. This space is filled with views to the outdoor lanai and onto a manicured green space. The ground floor master bedroom includes an on-suite bath with a jetted tub and separate tiled shower, walk-in closet and 10' ceilings. Two guest suites are located upstairs with their own private bathroom. Surfaces and kitchen features include granite countertops, tiled floors, GE built-in appliances, bar counter and formal dining and a real cooks kitchen. The 263+ sq. ft. covered...

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...

SOLD-46-3772 Kapuna Road in Scenic Ahualoa

I SOLD 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 included 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 wood stove. Adja...

New Listing-Fairways at Mauna Lani #303

I just listed a GOLF COURSE FRONT townhome in the Fairways at Mauna Lani. 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 include two, 18-hole championship golf courses and members...

The Transient Accommodations Tax

Hawaii remains world-class for the vacation-seeking public, especially after the COVID lockdowns of 2020. Interestingly, we have observed the most significant influx of east coast and midwest visitors to the resorts we remember in the last 20 years. These visitors, combined with the typical west coast tourists, are causing 90% occupancies, packed restaurants, and the usual island activities like helicopter and boat tours. The Transient Accommodations Tax scheme, which funds the general State budget, is changing for those of you who own Vacation Rental Properties here in Hawaii. Hawaii state lawmakers passed HB 862 CD1 which would divert to the State government's general fund (GF) $103 million from the State's transient accommodation tax collections (TAT) that otherwise would have gone to the counties. The tax is 10.25% charged and collected for all vacation rental accommodations six months or less, including Hotels and Short Term Vacation Rentals. Instead, the State will keep 100% of the tax collected and allow each County to c...

July 2021 Island of Hawaii Real Estate Update

Hawaii Island Real Estate in all classes including land continue to be strong sellers in July 2021.  I believe the best comparison is between 2019 and 2021 statistics as 2020 was a “shut down” year with few buyers or sellers actually on island and able to make decisions while present within the market place.  Post shut down buyers continue to pour in with vacation rentals at peak occupancy similar to what we typically have during the winter, snow-bird season.  Current owners usually list and trade properties during this season but winter 2021 has stretched to late summer 2021 and I see no end in sight for demand with very limited supplies of inventory. Sellers-Please contact me to list your property.  The market is incredible for sellers but may not remain so for too long!!! I compared stats regarding July 2019 VS. July 2021 using data from Hawaii Information Service, our MLS on Hawaii Island.  2019 was a great sales year but this year is on another level for South Kohala properties.  Lack of inventory is holding sales in ...

In Escrow-Newer Sunset Ridge-3-Car Garage

3-Car Garage, End Of Cul-De-Sac, 1800 plus square feet I just put into escrow after 30 days on the market, 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....

Lofts at Waikoloa Village

If you head up or down Waikoloa Road near the existing shopping center a new shopping center addition is almost finished which will feature among other amenities rental apartments.  They are very distinctive looking featuring a 3-story building with an almost flat roof with what is obviously the same floor plan stacked with a small foot print.  What is unique is the units under construction are located at the highest elevation and should allow for some coastal ocean views and all will have windows on 4-sides of the apartment.  The website states rents will be $2450 a month which is $1225 a bedroom where the occupants will share 1-bath if multiple, unrelated parties may lease.  I’m sure this was part of the calculation as this project has been “billed” as “workforce” housing in the past. This type of housing is needed and has a unique location within a commercial development and within steps of two major shopping centers and a short drive to the major resorts. Website Link:  https://www.loftsatwaikoloa.com/ ...

Market Update – June 2021

The Hawaii Island real estate sales market was boiling January through April and has now boiled “dry” with no water left in the pot. Pending sales are stalled due to the lack of inventory for all classes of real estate except land and developed lots. The year-over-year statistics do not reveal much since the few sales we had in June of 2020 were “sight unseen” or “local” buyers due to the COVID travel lockdown. The most revealing statistics comprise a comparison between 2021 and 2019 sales for June and year to date. In June of 2019, 424 closed sales of all real estate classes and 2500 total sales year to date. In 2021 there were 733 closed sales and 4060 total sales year to date. That’s a 70% increase in total units sold island-wide year to date compared to 2019. The hottest market is for single-family homes on the East and south side of the island, where prices are lower. Single-family homes in the Kona market are doing very well also. Check out the links to the Hawaii Information Service Statistics for your area of int...