The question I am asked most often “is this the bottom of the real estate market?” I reply we can only look at the past to try to answer that question. It also helps to pay attention to what economists are saying and what the hopes and fears are about the stock market. In our South Kohala luxury real estate market here on Hawaii Island, the stock market is a big factor in the decision making process as that is where most of the cash comes from.
Posts Tagged ‘Hawaii island’
South Kohala Condo Sales 2009 through 2011
Friday, February 24th, 2012Mauna Kea Resort Market Update
Thursday, July 21st, 2011April-June 2011
There’s been significant activity at Mauna Kea Resort lately. Here are the second quarter property sales:
1. $640,000; 2/2; Kumulani condo #B3; located on golf course with ocean view
2. $909,500; 3/2; Wai’ula’ula condo #M202; located on golf course with ocean and Maui views
3. $1,300,000; 3/3; Moani Heights residence #8; located on golf course with ocean and Maui view
4. $1,525,000; 3/3; Moani Height residence #9; located on golf course with ocean and Maui view
5. $2,600,000; 4/3.5; Kauna’oa condo #1A; ocean view
6. $2,400,000; Kauna’oa lot #6; located on golf course with ocean view
7. $1,500,000; Mauna Kea Fairways North lot #12; located on golf course with ocean view
8. $2,000,000; Mauna Kea Fairways South residence #3; structure is either a tear down or will be a demolition remodel with an outstanding ocean view
9. $1,350,000; 2/2.5; The Villas at Mauna Kea condo #37; original 1987 condition with ocean view
South Kohala Condo Sales
Wednesday, October 27th, 2010I was listening to a news story that Oahu brokers are confident their market has stabilized, and appears to be appreciating again, finally. What’s happening in our market? I took a look at the data, by quarter, for condo sales here in South Kohala, Hawaii Island. This area includes the tennis and golf Mauna Kea Resort, Mauna Lani Resort, Waikoloa Beach Resort, and affordable Waikoloa Village.
Hawaii’s winter selling season is fast approaching. If you would like more specific information about a particular neighborhood, or if you would like to see new listings as they come on the market, please ask for my new listing subscription service. You’ll have your finger on our local market pulse!
Economist Dr Lawrence Yun: the US Vacation Home Market
Saturday, June 19th, 2010Part 1 of 4
I just returned from the National Association of Realtor’s (NAR) Resort and Second Home Symposium, held this year at Incline Village, Lake Tahoe, Nevada. As a certified Resort and Second Home Property Specialist (RSPS), the Resort Symposium is an opportunity to meet with other brokers who specialize in resort and vacation home properties. We gather to share ideas and solutions, and to hear the latest from industry experts. The headline speaker June 13 was Dr Lawrence Yun, NAR’s chief economist. For the purpose of this discussion, vacation homes and second homes are defined as distinct from investment properties. The later are not intended for use by the owner, and are purchased specifically for return on investment rather than for enjoyment by the owner.