The Big Island continues to face inventory challenges as indicated by several key metrics. With a lack of properties for sale, total sales were down -10% for single-family homes (SFH) and -40% for condos compared to the same time last year. While sales may have dropped, median sales prices continue to ascend higher as SFH increased 26% to $517,500 and condos increased 30.3% to $650,000. Across the island properties are selling in just under 10 days! Brief Overview: Island of Hawaii Unit Sales Stats for March 2022 VS. March 2021 Single Family Homes – Down 12% in total sales - totaling 283 units. Market remains supply restricted. Condos – Down 40% in sales. 83 total closed. Market is supply restricted. Again, no surprise. Land – Increased to 318 total  representing an increase of 5%. This shows positive unit growth in 2022 versus 2021. Single Family Homes Specific Stats: Median Sales Price: $515,000 in March 2022 an increase of 25% over median prices from March 2021. Days on Market: 31 days on market for M...

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Aloha, Friends, Family, and Clients, The year 2021 was an incredible year for all real estate sales professionals Nationwide, and in my case, it was record-breaking with your support, encouragement, and aloha. I earned the Coldwell Banker International Society of Excellence Award for 2021. This award is presented to individual sales associates/representatives who produce a minimum of $1,000,000 in Closed Adjusted Gross Commission Income or 160 Total Unit sales placing them in the top 1% of 94,300 agents among 3,000 offices in 3 countries and territories. I was fortunate to have listing inventory when the flood gates opened in January, so the sales results followed. I also had buyers waiting for inventory and worked hard to find the few opportunities for purchases of their new homes on the Big Island. I call it the “now or never” sales boom where the “lookers” became buyers in 2021, with that trend continuing into 2022 even though prices in the sub $1m price range have doubled in some communities. For example, the Lehua p...

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Two months into the year and the Big Island real estate market continues its competitive streak. Even with interest rates creeping up which puts pressure on affordability, properties are selling as fast as they come on the market. For both single-family homes and condos, there were more sales than new listings driving months of remaining inventory towards record lows. Here is a brief overview: Island of Hawaii Unit Sales Stats for February 2022 VS. February 2021 Single Family Homes - Down 5% in sales. Total of 225 units. Market is supply restricted, so not a surprise. Condos - Down 50% in sales.  84 total closed. Market is supply restricted. Again, no surprise. Land - Increased to 207 total closed. Market is less supplied restricted and shows this with positive unit growth in 2022 versus 2021. Single Family Homes Specific Stats: Median Sales Price: $515,000 in February 2022 a modest decrease of 2% over median prices from February 2021. Days on Market: 14 days on market for February 2022. Condominium Speci...

Filed under: Blog, Kohala Coast Luxury Resorts, Newsletter, Real Estate by Rick Oliver
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We just sold and closed lots 5, 7, 8, 9, 11, 12, 15, 16, and 17 to new owners in Nohea at Mauna Lani. Lots 7, 8, 9, and 11 were sold to existing Nohea owners who love our community and wanted to extend their holdings. Lot 2, 3 and 4 remain for sale offerings that offer great values and are rare residential lots to build your resort, Dream Home. Lots 2 and 3 are sold together as they provide an opportunity to consolidate and develop a pod-style compound. The new owner would pay community and resort fees twice, but this opportunity may be worth it to the right buyer. Nohea is a 15-acre community featuring a recreation center conveniently located within the resort very near the Mauna Lani Bay Hotel and Bungalows. The recreation includes its saltwater pool, BBQ pavilions, and exercise hale with Life Fitness equipment. Owners and their guests are invited to use the owner’s hale for parties and events anytime. Nohea allows owners to vacation rent their properties for one week or more if they choose. Nohea is pet-friendly and allows ...

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I just put TWO of our new homes in Nohea at Mauna Lani into escrow. Both homes are slated for construction finish in December of 2022. One property is located on one of our premium lots, #13. Lot 13’s location provides plenty of privacy near the end of the north cul-de-sac of Akea Place. The rear faces the Mauna Lani North Course’s 2nd fairway. Lot 6 is also a great location offering no rear neighbors and some filtered golf course views. These homes—not condominiums—are resort quality and feature two separate guest suites and three other bedrooms, making five sleeping quarters and four full bathrooms. The cabinetry, elaborate hardwood trim, hardwood floors, and hand-troweled, Old World stucco exteriors are unusual for this market. Lush landscaping also features a grass and paver driveway, adding more “green” scape where you would expect hard surfaces. Luxury features include a Chef’s kitchens with Wolf and Subzero appliances, saltwater pools and spas, and plenty of hardwood trim and other luxury extras to make this...

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It’s never been a better time to SELL your property along the Kohala Coast-Call me to LIST AND SELL!!!! When comparing January 2022 and January 2021 one has to consider that January 2021 was the beginning of explosive market conditions. The most explosive statistics are the increase in average sales prices of CONDOS (+23%) and VACANT LAND (+27%)-see below! January 2021 was one of the first months where Hawaii lifted a majority of travel restrictions. A Better comparison is probably to the 2019 real estate market but for simplicity sake, here are some “fun facts” comparing January of 2022 vs. 2021 for the entire Hawaii Island for all classes of real estate. Watch the full video for more interesting stats and review the complete report for other districts. Subscribe here to receive my blog posts and monthly Newsletter. Click here to search Big Island Real Estate Island of Hawaii Unit Sales Stats for January 2022 VS. January 2021 Single Family Homes- Down 31 sales to a total of 212 units from 243 units in 202...

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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 buyer client. It was listed for $799k and sold for $750k. I just SOLD it again today for $1.250m to a new owner. The market for these three-bedroom townhomes in Kulalani is strong as they offer plenty of space for friends and family and make great vacation rentals as well. The floor B-2 plan offers over 1900 square feet of fabulous open and private, luxury living with great garden views. This unit's location is within a 6-plex building that offers spacious 1-car garages. The front entry experience includes a private courtyard that 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, separate tiled shower, walk-in closet, and 10' ceilings. Two guest suites are located upstairs with their private bathroom. Surfaces and kitchen fea...

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We just put into escrow lots 5, 7, 8, 12, 15, 16, and 17. We released 11 lots within our Nohea at Mauna Lani community-direct to buyers from the developer. Lot prices range from $500,000 to $750,000 with the remaining being lots 2, 3 and 4. Lots 2 and 3 can be combined to make an estate sized lot or be developed into 2 homes that compliment each other by the same or different owners. Because of the shape of lots 2 and 3, these lots are offered as a package so that the buyer may choose to combine the lots for one, pod-style home or reserve one lot, un-developed for privacy. Lot ownership includes use of the private, Mauna Lani Beach Club located at Makaiwa Bay and exclusive use of the Nohea at Mauna Lani Community Center. Nohea’s community center includes a fully equipped exercise pavilion, 2-BBQ pavilions and an Owner’s Hale with fully equipped kitchen for special get togethers. Nohea is located near the Auberge hotel and their Tennis and Fitness facility which owners can join for additional fees. Walk to the beach and ponds...

Filed under: Kohala Coast Luxury Resorts, New Listings, Real Estate by Rick Oliver
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December 2021 continued the positive trend in real estate sales on the Big Island. This paragraph states it best from our Coldwell Banker Market Report. "In closing out the year, homes are selling at an astonishing rate across the Big Island. Condos sold 38 days faster in December 2021 compared to December 2020, averaging just 18 days on market. Meanwhile, single-family homes sold in 42 days and at a median price of $536,000, a 12% increase compared to the year before. The median sales price for land also continues to rise, with a 52% increase from $31 ,500 in December 2020 to $48,000 in December 2021 ." See other facts and figures presented by watching the short video presentation or call me to discuss your particular community and it’s probable rising value.   Subscribe here to receive my blog posts and monthly Newsletter. Click here to search Big Island Real Estate Buyers there are still offerings available but you have to act fast when they become available. Call me to discuss a winning offer strategy! &n...

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It’s never been a better time to SELL your property along the Kohala Coast-Call me to LIST AND SELL!!!! When comparing the first 11 months of 2020 and 2021 one has to consider that 2020 was a lockdown year and 2021 has seen explosive market conditions. The most explosive statistics are the increase in average sales prices of CONDOS and VACANT LAND - see below! November 2020 was one of the first months where Hawaii lifted a majority of travel restrictions. A "better" comparison is probably to the 2019 real estate market but for simplicity sake, here are some “fun facts” comparing November of 2020 vs. 2021 for the entire Hawaii Island. Watch the full video for more interesting stats and review the complete report for other districts. Subscribe here to receive my blog posts and monthly Newsletter. Click here to search Big Island Real Estate Island of Hawaii Total Sales for first 11 months compared to 2020: • Single Family Homes- Down 23 units to 223 total closed sales. Market is supply restricted so no surpris...

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