Posts Tagged ‘west hawaii’
Monday, November 28th, 2011
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.*
Tags: 2011, January, Kohala Coast, Kona, October 2010, paul brewbaker, prices, sales, west hawaii, west hawaii today
Posted in Big Island Hawaii Real Estate | No Comments »
Tuesday, October 18th, 2011
On the front page of West Hawaii Today, Tuesday October 18, 2011, the second lead story headline blazed: Home Sales Dip… Hmm, that doesn’t sound right. Using Hawaii Information Services data, my research since late 2010 has found home sales climbing in North Kona and South Kohala while prices continue to slip.
So I expanded my research to include all West Hawaii single family and condo sales from South Kona to North Kohala, January through September 2011 vs 2010. Again, my research still found sales for improved residential higher this year than last: 999 to 859. The 2011 January-September median sales price was $323,000 compared to $344,000 last year.
Tags: home sales, Kohala, Kona, prices slip, west hawaii
Posted in Big Island Hawaii Real Estate | No Comments »
Wednesday, October 5th, 2011
Not only the wealthy are actively buying West Hawaii real estate
While most Americans are not buying much due to the economy, in terms of wealth, what are the top 9% buying? The Luxury Institute recently reported that 24% of those wealthy consumers have purchased residential real estate since 2008. Early 2008 through early 2011, 38% of that group purchased at least one second home. Of those, nearly half took advantage of the lower prices to purchase a second home more than 500 miles away from the primary residence.
What got me digging into these records were recent news reports that Mercedes Benz unit sales in the United States recently broke a record; an Italian handbag retailer experienced difficulty keeping its $1,000+ handbags on the shelves; and the top two luxury purchase types by wealthy consumers were either a $1,000+ case of wine or piece of jewelry.
Tags: 2010, 2011, lower prices, North Kona, Real Estate, second homes, South Kohala, wealthy, west hawaii
Posted in Big Island Hawaii Real Estate | No Comments »
Friday, March 25th, 2011
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.
Tags: Kohala Coast, Kumulani, Real Estate, west hawaii
Posted in Big Island Hawaii Real Estate, Luxury lifestyle | No Comments »
Thursday, January 6th, 2011
Through 2010 I felt like West Hawaii condo sales were bumping along the bottom here on the Big Island. Once we got through December, I predicted a faily flat trend line once I fed all the quarterly data into Excel. It turns out the South Kohala condo unit sales were trending slightly upward, and the North Kona condo sales were trending slightly downward.
Tags: 2010, Alii Cove, Alii Lani, Big Island, condo sales, Halii Kai, median sales price, North Kona condo, South Kohala condo, Waikoloa Beach Villas, west hawaii
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Friday, September 3rd, 2010
Part 4 of 4
Investors are entering deeply discounted real estate markets. According to Dr Yun, Las Vegas is experiencing an influx of investors. Since Las Vegas is the nadir of the US housing market drop, this is good news. Refreshingly deep pink firewood blosooms are first to return to a blackened northern forest after a devastating fire. While investors better resemble civil war carpet baggers more than fireweed, their effect is the same. They are the first to venture in, and they provide foundation for future growth.
Tags: Big Island, Kona, Real Estate, west hawaii
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Wednesday, September 1st, 2010
Part 3 of 4
Though Dr Yun agreed that real estate is local, especially when it comes to vacation home sales, he provided current statistics for nationwide second home sales. While these national figures do not in any way represent the median statistics for West Hawaii vacation home property sales, they are interesting.
Median sales price – $679,000
Median number of miles from primary residence – 348
Percentage of buyers who purchase with financing – 70%
Median buyer income – $87,500
Tags: Kohala, second home, vacation home, west hawaii
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Thursday, June 3rd, 2010
A U.S. Travel Association poll taken in April shows a significant increase in perceived “money available for travel.” In October 2008 the Traveler Sentiment Index bottomed below 80, and in April 2010 it was measured at 90. This brighter number suggests consumers may be more confident about their finances, and may be more inclined to travel to Hawaii.
“Interest in travel,” “time available to travel,” and “money available for travel,” variables from which the index is derived, have risen. Unfortunately, the increased cost to travel, and lingering concern about job loss may keep people at home. However, financial factors that influence near-term leisure travel are mostly positive. For example, the percentage of U.S. adults citing a “high level of personal credit card debt” fell from 56% in April 2009 to 46% in April 2010.
Tags: Hawaii, Real Estate, travel, west hawaii
Posted in Big Island Hawaii Real Estate | No Comments »
