I want to watch the sales statistics for upper end and luxury residential starting from January 2009 to see when the data will identify the market “bottom.”  Some think we are there, and others are still skeptical.  Let’s start with single family and condominium homes in the $1,000,000+ range:

$1,000,000+	Median Sales Price	Units Sold
January	$1,540,000	3
February	$1,000,000	4
March	$1,400,000	7
April	$4,900,000	1

Here is the sales data for Kona Kohala area homes during the same period in the $500,000 to $1,000,000 range:

$500K-$999K	Median Sales Price	Units Sold
January	$600,000	15
February	$644,500	14
March	$540,000	5
April	$600,000	5

I will share future sales data here and together we can discuss the emerging trend.  While “trend spotting” is entertaining and hopefully helpful, my number one concern continues to be interest rates.  Buying with the best interest rate is far more important than buying at the perceived bottom of the market regardless of rate.

Assuming today’s rates are a good deal, what are Big Island Hawaii upper end and luxury neighborhoods to watch? 

Over $1,000,000, at Mauna Lani Resort, The Point ocean view condos remain popular.  The oceanfront location can take the edge off the 1980s interiors.

In Hualalai Resort just north of the airport, there are more luxury homes on the market now that at any time in the resort’s history.  Consequently, there is a nice selection of beautiful single family home under $10,000,000.

Not on the “deal” list but definitely worth a look if you prefer the most prestigious address on the Big Island: The Bluffs at Mauna Kea Resort #15.  This is only the second time a home in this neighborhood has been marketed on the open market.

Under $1,000,000 the neighborhoods to watch are the Kumulani condos at Mauna Kea Resort.  There are still a couple of good developer buys.

At Ka Milo in Mauna Lani, the developer is very motivated and is offering a duplex style single story unit with a two car garage around $600,000.

Hali’i Kai at Waikoloa Beach Resort remains one of my favorite entry level resort neighborhoods.  Its oceanfront pool club is outstanding.

These neighborhoods feature beautiful tennis and golf facilities, as well as access to the best beaches on the island.  For more details or photos, please ask.

Economic forecasts show that our economy is “springing” back! Take advantage of it and don’t miss the incredible deals that will be starting to happen within the next few weeks.

BigIslandHawaiiLuxury.com is all about great deals and getting updates about the over-all state of Real Estate here in Kona. In reality, real estate can only get better. It’s time to carefully monitor shifts in thinking, evaluate innovation and track existing real estate trends.

It seems that every decade or so, a year comes by that really defines our industry. As we stand at the beginning of 2008, we are in a period of time destined to be landmark years.

So go to BigIslandOceanfront.com and let me – Diana Woods – help you achieve your goal and be the perfect stepping stone along your path!

As you consider buying a home in the state of Hawaii, in areas such as Kona, Kohala Coast, and Mauna Kea Resort, look at criteria such as location, design, size, and pricing. We are all different and have our own special needs.

You will also have many questions such as:

• Can I afford my “dream home“?
• Where will I get my mortgage?
• What is my credit like right now?

I will be happy to answer each of these questions, and more. My experience has given me the knowledge of the market and the experience to answer all your questions more efficiently.

Now, if you are in need to sell your home in the Kona HI, Kohala Coast, or Mauna Kea Resort Hawaii area, it is obvious that you will want the best possible deal. I can help you decide what needs to be done to your home to get it in the best possible shape for it to sell and sell quickly.

Is it a buyers or sellers market in the Kona HI area? The market conditions will play a crucial role in determining the asking price. Because market conditions change constantly, it is important that you get solid advice from an agent or REALTOR® familiar with Kona and surrounding areas in the Real Estate market.

Knowledge and experience are the keys to look for in a successful real estate agents business. So, in order to provide you with the best, over-all experience, find someone who is committed 100% to your cause.

Choose a reliable real estate agent to help you with your Real Estate needs in Kona, Kohala Coast, or Mauna Kea Resort Hawaii area and make your home buying or selling a fulfilling experience. Take the stress out of the total real estate experience and let experience work for you.

If you would like to learn more about Diana Woods and Kona Hawaii real estate simply visit BigIslandOceanfront.com.