Archive for the ‘Hawaii Real Estate Agent’ Tag

 9th Annual Don the Beachcomber Mai Tai Festival   Leave a comment


9th Annual Don the Beachcomber Mai Tai Festival is Saturday August 19, 2017! 

Royal Kona Resort celebrates the legendary Mai Tai cocktail at the 9th Annual Don the Beachcomber Mai Tai Festival. Watch as over 20 of the world’s top bartenders converge on the Big Island of Hawaii to mix it up in a battle for the title of World’s Best Mai Tai and a $10,000 cash prize.


Festival Highlights Include:

🔅Mai Tai Marketplace: Shop for crafts and island treats from local artisans and merchants from 11am-4pm

🔅Battle of the BBQ: Taste and vote for Hawaii’s best barbecue from 11am-2pm

🔅Pool Party: Listen to live music from local Hawaiian artists by the pool from 2:30pm-4pm

🔅Mai Tai Mix-off: From 4:30pm – 7:30pm watch bartenders from around the world vie for the title of World’s Best Mai Tai and cash prizes. First place winner receives $10,000, second place winner receives $5,000, and third place winner receives $2,500.

Date: 8/19/2017 (Saturday)

Address: Royal Kona Resort, 75-5852 Alii Drive Kailua Kona, HI

Hours: 11:00 am – 7:00 pm

Cost/Cover: Free

Web Page: http://www.donsmaitaifest.com/

Contact Info: Contact Royal Kona Resort at (808) 329-3111.

Photo + Article courtsey of: http://www.whofish.org

Karen E. Bail

808-936-4640

Fax: 808-883-2263

RB-16072

kebail@aloha.net

http://www.KarenBail.com

Ka’ao Place UNDER CONTRACT in 24 hours!    Leave a comment

UNDER CONTRACT in 24 hours! 

Sweet home on Ka’ao Place includes million-dollar ocean views at half the price. This refreshed, well-loved home to only one family since the day it was built wasn’t for sale for long! 

If are thinking of selling your home or just want. Market update call me today! 

Aloha,

Karen E. Bail

808-936-4640

Fax: 808-883-2263

RB-16072

kebail@aloha.net

http://www.KarenBail.com

3rd Annual “Tropical Inspirations Quilt Show”Saturday & Sunday, July 22 & 23 2017   Leave a comment

3rd Annual “Tropical Inspirations Quilt Show”will take place on Saturday & Sunday, July 22 & 23 2017! 


Join us for the 3rd Annual “Tropical Inspirations Quilt Show” sponsored by Kona Hawaiian Quilt Museum Society, the Hawaii Tourist Authority Community Enrichment Program, Aunties Two and co-produced by Quilt Passions, Kailua-Kona,Hawaii and Pieceful Designs, Eugene, Oregon. Located in downtown Kailua-Kona, the King Kamehameha’s Kona Beach Hotel offers the perfect tropical setting for a beautiful collection of Hawaiian and Island inspired quilts, as well as vendors selling handcrafts and a few surprises!

Meet our Guest Quilters:
🔹Barbara Bieraugel of Bieraugel Designs
🔹Rob Appell of Rob Appell Designs
Location: Courtyard by Marriott King Kamehameha’s Kona Beach: 75-5660 Palani Road Kailua-Kona, HI 96740

Cost/Cover: Free Admission.

Please visit website for details: http://tropicalinspirationsquiltshow.weebly.com/

Contact Info: Contact Robert or Karen at 808-329-7475.

Photo + Article courtsey of: http://www.whofish.org

Karen E. Bail
808-936-4640

Fax: 808-883-2263

RB-16072

kebail@aloha.net

http://www.KarenBail.com

Waikoloa Village Residential Market Report   1 comment

The Waikoloa Residential Real Estate market, along with most of the Big Island and State, is returning to robust health, shedding distressed properties and OLYMPUS DIGITAL CAMERAbeginning its upward price climb as the number of homes on the market falls. The University of Hawaii’s Economic Research Organization charts following the average sale prices since 1980 indicate 8 to 11-year periods or cycles between the high points and low points of market activity and value. They saw our low point in the 2nd quarter of 2009 and their data since indicates definite rise in values. Please note that these are statewide reports. The Big Island markets in general (Hualalai Resort and Kukio live in their own worlds) tend to lag behind Oahu but as this Waikoloa Village Report clearly shows; we are in about the third year of recovery. Given the length of previous Real Estate cycles, can we expect another bubble in 2017? Maybe…who knows what forces will affect the pace of recovery but at this point, a healthy market is upon us.

Looking at the Waikoloa Residential market we see a small first quarter average sale price drop of 3.3% from the 4th quarter of 2012. This small decrease in the 1st quarter 2013 low can be attributed to the short sales entered into escrow many months before in 2012 finally closing. Short Sales usually endure long closing periods while negotiations go on between the lender and the borrower/seller. One short sale opened escrow last July 5th but did not close until March 15th of this year at $250,000. This price reflected an earlier market. Yet the 2013 1st quarter bottom price of $224,900 was a pretty awesome 27% higher than the low 2012 first quarter price of $175,000.

The 2013 1st quarter average price of $335,369 was 21.6% higher than the 1st quarter 2012 average price of $275,732. We also saw a decrease in number of sales given the decreased inventory at the end of 2012. At the same time we had the highest sale in over 6-months at $620,000. This is a 28% increase over the 2012 1st quarter high sale of $445,000.

So if that wasn’t exciting enough; the second quarter was crazy!! We not oWaikoloa Village Moonrise May 23 2013 (1)nly saw significant changes comparing 2nd quarters of each year but also when comparing the first to the second quarter of this year. The lowest price rose 8% quarter to quarter, from $224,900 to $243,000 but an amazing 37% year to year. (Q2 2012 low price was $177,000). But it gets better when we compare the highest priced sale; a 45% gain over the same quarter of 2012 ($440,000 in 2012 vs. $640,000 in 2013) and a minor 3.3% increase over the 1st quarter high price of $620,000. We see the number of sales in this range increasing with the market prices. People who were not distressed could afford to wait for a better market to move. It got better and they moved. They increasing quality of homes entering the market indicates they are still moving!! There were 4-sales over $400,000 in the 1st quarter of 2013 but 11-sales over $400,000 the 2nd quarter. Compare this to 2-sales over $400,000 in the 1st quarter of 2012 and 3-sales the following quarter of 2012. Above Waikoloa May 2013 (18)

The number of distressed sales dropped significantly compared to the number of short sales in the 1st quarter of 2012; 11 distressed sales in the first quarter of 2012 down to only six selling the 1st quarter of 2013. We still see some a few homes around the village in various stages of neglect that for some reason are not being brought to market by their Lender owners. However, lenders prefer to sell at the low end of the market once they decide to sell. Not at this time expecting to see these depreciate the market once they are available.

The inventory of homes on the market is at its lowest in 10-years at least. We began this week with 28-homes for sale in Waikoloa but 4-homes were just listed  to bring us up to a total of 32. There are 23-homes under contract to sell. From January 1st of this year we saw 48 homes sell. This translates to a less than 4-month supply of homes on the market. Low inventory levels put pressure on prices to move them up at a steady pace. If the trend continues we may see quarterly appreciation of approximately 4%. Trends can never be guaranteed given the influence of so many outside factors , (famous disclaimer “past performance is not necessarily indicative of future performance”) but things are definitely looking bright in the Waikoloa Residential market. Click here to see the report covering the current state of the Waikoloa Residential real estate market.Waikoloa Village Pool

The Waikoloa Village condo and land market analysis is under way and should be in your mailbox soon. Please call or email if you thinking it might be the time to buy (interest rates still low, prices going up) or sell or just to talk about the market. As always, stay well; take care and a hui hou!

It’s the Season…   Leave a comment

Hohoho Aloha.    Holidays in Hawaii are lit by the same dreams as those of other places.  All the children get excited about Santa Claus and bring out socks this one time of year because there is no way slippers can hold all the Santa booty.   Businesses slow down as both the employees and the employers take off to share the joys of Island life with family and friends.  The feeling of aloha is even stronger this time of year.

The Big Island holiday season is the time when very special properties come on the market.  The best resort and oceanfront properties are released to the market this time of year.

IMG_3124Mauna Kea Resort Home For Sale

Mauna Kea Resort adds two very cool properties to its limited inventory of homes and land for sale.   These properties are really one; a stately home on one parcel and the adjacent empty lot.  It’s a very interesting opportunity for the right person.

Entry (1)Forty Nine Black Sand Beach also has this new listing of a great oceanfront lot.  The owners club at 49-Black Sand Beach is quietly and tropically elegant set steps away from the black sands of Honu’apae Bay.  There is also the possibility that I can sell you a great house at Pau’oa BeachMauna Lani Resort Beach Club…..have a shy seller who would like to sell quietly at the moment.  We may go on the active market in early 2013.

Kona Bay Estates Real Estate for Sale in Kailua-Kona, HawaiiOceanfront Kailua-Kona has some new, high quality merry season offerings. Kona Bay Estates Oceanfront home for sale There is a very attractive oceanfront home and  a great lot for sale only a short walk away from Keiki Beach at Kona Bay Estates.   A home that more than one oceanfront buyer asked about at Ali’i Point is finally on the market. Home at Alii Point There is also a new lot listing a few lots north. Down at the end of Keauhou past all the condos, along a dusty beach road is this very cool Island style home.Keauhou Ocean Front Home For Sale  Island life has totally different feeling from resort living out here at the edge of Keauhou.

Santa and Mrs. Claus relax on the Big Island

There are many reasons why this is the time of year that typically generates the best quality of Real Estate inventory.  As they say” timing is everything” and then there’s that phrase about “location, location, location”….. The location is Hawaii; the timing is now.  The winter market is shaping up to be one of beautiful choices at good values.  Just the way life should be….

Merry Christmas, Happy Holidays, Happy New Year!

A hui hou!

The Glue Network   Leave a comment

Have you ever heard of the Glue Network?  It is a virtual bulletin board to raise funds for very specific projects.  Got to the site and check it out, very interesting.  Its an amazing how a little can add up to a lot…to big differences in lives.  Donate yourself or buy gift cards for friends.  Let then pick which project they want to fund with your gift.  Perfect gifts for any occasions.  Amazing what can be accomplished!

Waikoloa Village Real Estate Market Report   Leave a comment

The sweet sound of recent Waikoloa rains is truly welcome music! The last 90-days have seen the sale of 20-homes from a low of $255,000 to a high of $535,000. With only 38 homes on the market, this equates to a less than 6-month supply of homes. The fact that only 8 homes are listed as distressed or bank owned indicates that stability may be returning to the market place. The average price has increased 9%, from $290,962 to $317,900 although number of sales dropped slightly from the 26 sales of the previous 90-day period. 31-homes in escrow is also a sign of good market activity. Having a few higher priced homes is escrow is encouraging even if they are brand new Sunset Ridge homes which should be closing within the next 4 to 6-weeks.

While 25 of these homes claim to have some ocean view (market report covering ocean view homes), the quality of the view varies. Views from narrow corridors obstructed by landscaping and roof tops, perhaps the view is only visible from a far corner of the back yard to wide expansive views such as at this brand new house on Hai’a St. or this spectacular home on Kaupapa Place We just saw a sale of a home with an excellent view close at $535,000, making the home on Hai’a all the more attractive priced at $439,000. The sales price of $535,000 on a 1,574 home built in 2007 proves the value of a view. The price paid by the seller when new was over $700,000. Whether financially or emotionally, this seller probably felt distressed.

Land Sales really perked up over the last 90-days with 17 total sales compared to 4-sales in the previous 90-day period. As you can see from this report, many were only on the market a very short time although some that were on the market for what seems forever finally sold. The 7-lots on the market now mostly have been on the market some time with the exception of one listed only today on Auhili Loop and the one on Hai’a St. that’s been for listed about 25-days. The Hai’a Street lot has the best view potential, is fairly level and easy to build on . The Auhili lot is also very level, no views but located near Waikoloa Park which is a plus for families with children! The average price of the previous 90-days is higher at $101,700 compared to the present average of $74,176. This may not mean as much it sounds given that one the four sales in the previous 90-day period closed at $200,000. It was an acre with great views. The range in lot sales price this last 90-day period lowers the average as none were as large nor sold for as much.

Waikoloa Condo sales remained fairly stable between the two last 90-day reporting periods. There were 16 sales this last period compared to 17 the period before. Sales ranged from a low price of $71,000 in Fairway Terrace for a 1-bedroom to an absolutely gorgeous, well furnished 2-bedroom plus loft condo at the Pointe at Waikoloa with fabulous views as the highest sale at $512,000. The high sale is welcome, but none of the other sales closed above $300,000. Expect to see an increase in volume here too with these low interest rates encouraging purchases.

Recent reports identified almost the same rate of increase in Oahu home sale prices. This is always a good sign as the rest of the islands follow Oahu market trends in a general sense. It’s interesting to note that a few months ago, average Oahu home prices dropped to the lowest level in many years. It may be safe to say that Hawaii Real Estate prices may have bottomed out. The flat line at the bottom of the curve is beginning to head north. Buyers are still in good shape because the low interest rates offsets the effect of price increases. Another interesting note is that usually in an election year, activity slows until after the election. But not this time.

Would love to hear from you about your Real Estate plans.  Until then, live aloha and a hui hou.