Big Island Hawaii » Kohala Coast

Kona-Kohala Coast Real Estate Update

dianawoods — Tue, 29 Nov 2011 01:26:22 +0000

November 2011

January through October 2011 Kohala Coast condo sales are up 36.6% and prices are down 7.7% over January through October 2010.

Third quarter 2011 Kohala Coast condo sales are up 25.5% and prices are down 9.1% over third quarter 2010.*

October 2011 Kohala Coast condo sales are down 36.4% and prices are down 29.8% over October 2010.

January through October 2011 Kona condo sales are up 9.4% and prices are down 21.8% over January through October 2010.

Third quarter 2011 Kona condo sales are up 5.5% and prices are down 9.1% over third quarter 2010.*

October 2011 Kona condo sales are up 11.8% and prices are down 8.5% over January through October 2010.

Of the six groups above, only one deviates from the continuing trend of sales up and prices down: October 2011 Kohala Coast unit sales. I would disregard that oddity until fourth quarter numbers are in.

For recent West Hawaii economic forecast information, see West Hawaii Today reporter Erin Miller’s summary of local economist Paul Brewbaker’s October 28 talk.

*(Third quarter numbers for both Kona and Kohala Coast condos were stated incorrectly in the mailing sent 11/21/11. The numbers here are correct.)

South Kohala Market Update

dianawoods — Sat, 23 Jul 2011 01:00:10 +0000

Lawrence Yun, the National Association of Realtor’s Chief Economist, said last month that homes sales will rise this year. Well, those of us familiar with Kona and Kohala Coast real estate here on the Big Island took this as old news. Real estate isn’t just local, these days it is hyper-local. What’s happening in Puna is completely different than what’s happening in South Kohala. When I talk to mainland residents looking to buy a vacation home, they often incorrectly assume what’s happening in their local market is what’s happening in our market.

In 2010 the South Kohala real estate market sputtered back to life in fits and starts. While unit sales for all real estate rose and fell each quarter, condominium unit sales have been steadily increasing the last three quarters. Yes, Kohala Coast condo sales prices continue to slip, but just barely. Sooner or later the upward trending unit sales will put a stop to that. I predict, and I think Mr Yun would agree, prices will stop slipping before the end of the year. Why?

* More jobs
* Rising stock market wealth
* Rising apartment rents
* A large selection of affordable homes
* Justifiable home values
* Investors looking to hedge against potential inflation
* Foreigners buying cheap property

The Big Island agrees with everything on Mr Yun’s list, except more jobs. The stock market has returned to values higher than before the fall. Rents are climbing because there just isn’t much of a selection anymore. Real estate prices have been decreasing for quite some time, and the appraisers are easily justifying sales prices. Investors in the form of second home buyers are definitely back, and Canadians are snapping deals up left and right. As you might have guessed, the Chinese are coming, but they’ll hit Oahu, not the Big Island.

So what are you waiting for? Interest rates to go up? If you would like a vacation home on the Big Island, start looking now. Ask about my automated new listing email service. Properties you would like to learn about will hit your inbox the day they hit the market. It’s a complimentary service. Just ask!

Kumulani at Mauna Kea Resort

Diana Woods — Fri, 25 Mar 2011 17:04:17 +0000

For the past two years, nobody was buying Kohala Coast, Big Island real estate. Well, a few people were, but so few that escrow companies, lenders and real estate firms lost many employees and agents. That all changed in December. Buyers are back, especially for affordably priced homes. Ours are typically second home buyers, but lately, it’s the locals who are buying. That doesn’t mean there aren’t any second home buyers. They are shopping too, and the Kumulani neighborhood is a good example of where they are buying. For a list of recent Kumulani sales, please email me a request.

Kona, Kohala Coast, & Mauna Kea Resort Hawaii Real Estate Market

Diana Woods — Mon, 02 Jun 2008 17:33:59 +0000

Welcome to BigIslandHawaiiLuxury.com. I hope you’re enjoying the spring-like weather. It’s time to “spring clean” your homes and get them ready to sell. I’m Diana Woods and am here to help you jump start your way into that new “dream home” you’ve been waiting for.

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.