Archive for the ‘Hawaii Real Estate’ Tag

Big Island Chocolate Festival   Leave a comment

9202311620_0cab73459a_z“The Fourth Annual Big Island Chocolate Festival is May 8-9 at The Fairmont Orchid. Indulge in the alluring, rich taste of chocolate-in both its sweet and savory forms- while participating in a host of delicious, fun and informative chocolate-themed activities. The two-day chocolate extravaganza includes a Big Isle cacao farm tour, a student culinary competition and public culinary and agriculture-themed seminars.” Read more here…

Fairmont Orchid
1 North Kaniku Drive
Waimea, Hawaii

May 8 – 9, 2015 from 5:30 PM to 9 PM

Article courtesy of BigIslandNow.com

Image courtesy of Luisa Contreras/Flickr.com

Karen E. Bail, REALTOR (B), CIPS, TRC, ePro
Elite Pacific Properties
Call: 808-936-4640
kebail@aloha.net
www.karenbail.com

John Keawe at Blue Dragon Restaurant   Leave a comment

“John Keawe won the 2009 Hoku Award for best slack-key album for his CD entitled “Hawaii Island … Is My Home.”  He performs a mix of original and authentic island music using his distinct slack-key style. He also had the honor of being one of the artists on Palm Record’s Grammy winning CD “Slack Key Guitar Volume II.” Read more here…

Sunday, December 28, 2014; 6pm–9pm

Blue Dragon Restaurant
61-3616 Kawaihae Road
Kamuela, HI 96743

Article courtesy of Blue Dragon Restaurant

Karen E. Bail, REALTOR (B), CIPS, TRC, ePro
Elite Pacific Properties
Call: 808-936-4640
kebail@aloha.net
www.karenbail.com

FALL PLANT SALE & Arbor Day Celebration   Leave a comment

Fall Plant SaleHome Grown
FALL PLANT SALE & Arbor Day Celebration

Saturday, November 8, 2014
9:00 AM to 12:00 PM

At Ulu La’au (a Garden of Trees) the Waimea Nature Park.

A variety of native and exotic trees and plants, fruit trees and herbs all donated by our members, or grown in our own greenhouse! Tree Planting Ceremony and Refreshments.

For more information, call 443-4482 or email waimeaoutdoorcircle@gmail.com

Click here for details: 2014 Fall Plant Sale

Karen E. Bail, REALTOR (B), CIPS, TRC, ePro
Elite Pacific Properties
Call: 808-936-4640
kebail@aloha.net
www.karenbail.com

Wiliwili Festival 9.27.14!   Leave a comment

9294400044_460acd7e60_z“The Wiliwili Festival is back! Please join WDFI Saturday September 27th in celebrating our native dryland forest and the wiliwili flowering season. The festival is FREE from 9am-3pm at the Waikoloa Stables in Waikoloa Village. The festival will offer educational workshops, tours, vendors, native plant sales, prizes, keiki activities, silent auction, great music, food and much more! Come and learn how you can help us to Plant Trees in your community forest; arrive early and you could take home a free native plant! We are planning a zero-waste event and hope that you can do your part in keeping our festival footprint small, please carpool, and if you opt to ride your bicycle you will receive a free t-shirt.” Read more here…

Article courtesy of Waikoloa Dry Forest Initiative

Karen E. Bail, REALTOR (B), CIPS, TRC, ePro
Hawaii life Real Estate Brokers
Call: 808-936-4640
kebail@aloha.net
www.karenbail.com

Image courtesy of Forest Starr and Kim Starr/Flickr.com

Puako Beach Clean Up   Leave a comment

K E  E P       P U  A K  O      B E  A U  T I F  U L

Puako Beach Clean up Schedule

29th Get The Drift & Bag it & The International Coastal Clean up

Keep Hawaii Beautiful 501c3 and the Great American Clean up

******Volunteers wanted to survey and clean up Land and Water******

from Hapuna Pt. to Holoholokai Park

September 13, 2014, September 20, 2014, October 18, 2014.

Sign up: kpb@hawaii.rr.com

Volunteers Sign In at orientation: Clean ups start at 7:30 AM Saturday mornings and takes a few hours. We Provide clean up supplies, work gloves, some pickers, jug of water and water cups. Bring Snack or lunch, personal water gear. Wear proper dress, sunblock and hats.

Contact: To reserve, request and get information and check availability on donated water equipment, dive gear, air and refill air. Equipment for Volunteers and (Divers must show a valid dive card) and must sign waivers from rental companies.

Hulakai at sarahhulakai@gmail.com Or call 808 896-3141, 808 887-1091 Must sign waivers for equipment.

Blue Wilderness Dive Adventures bwilderness@gmail.com, 808 886-0980 BWD will have tanks of air at the Puako Boat Ramp for volunteers. Bring Diver’s ID Card. Must sign waivers.

Kohala Divers godiving@kohaladivers.com 808 882-7774 Bring Diver’s ID card. Must sign waivers

9-13-14: Meet 7:30 AM at Paniau near the end of Puako Beach Drive. Turn right at the last Shoreline Access sign and park. Clean from Paniau. Shoreline and waters north to the Puako Boat Ramp and south to Holoholokai Park.

Sponsored by Team Hawaii Life Real Estate 557-5831 annie@hawaiilife.com www.hawaiilife.com

9-20-14: Meet 7:30 AM at Puako Boat Ramp. Clean land & Water around boat ramp, Puako Rd, Ohai Pt and bluffs, Ala Hahakai Historic Trail to Beach 69. Sponsored by Team Hulikai www.hulakai.com and Team Blue Wilderness Dive Adventures www.divebluewilderness.com

10-18-14: Meet 7:30 AM at Beach 67 north of Beach 69 at the top of the hill. Going north on Old Puako Road, Turn right at the parking sign drive beyond the yellow gates to Beach 67.Clean land and water from Old Puako Rd. to Kanekanaka Pt., shoreline and the Ala Kahakai Historic Trail . South on Ala Kahakai Historic trail to Beach 69

Sponsored by Team 2 Papayas LLC mary@2papayas.com, www.2papayas.com

For other Get The Drift & Bag it Hawaii Island clean ups: email Terry.Miura@hawaiicounty.gov Terry Miura 9618694

For State of Hawaii: Keep the Hawaiian Islands Beautiful Chris Woolaway email cwoolaway@khib.org 808 753-3311

Get The Drift & Bag It Hawaii Island

9-21-14 Kamilo Pt. Hawaii Wildlife Fund email kahakaicleanups@gmail.com Megan Lamson call 808 769-7629

9-27-14 Surf Park Kawaihae Kohala Divers email godiving@kohaladivers.com 808 882-7774

2014 Keep Puako Beautiful Kids volunteer for Get The Drift and Bag It in Hapuna State Park Recreation Area Waialea Beach, Waimea Country School and Hapuna Beach, Waimea Middle School, OEES Kids Hapuna State Park, Waialea and Puako Boat Ramp and Puako Beach.

Karen E. Bail, REALTOR (B), CIPS, TRC, ePro
Hawaii life Real Estate Brokers
Call: 808-936-4640
kebail@aloha.net
www.karenbail.com

Island of Hawaii Sweet Spots on the Sea   Leave a comment

 

   North Kona

The rush of the winter market has subsided for the moment…or has it? The past few years have shown that the snowbird market is not necessarily the best time for the astute buyer to buy Big Island property, especially the “trophy” properties along the ocean and in the resorts. The last weeks of April into the first week of May are experiencing a vigorous buying frenzy. Properties listed in December anticipating ambitious appreciation have now languished long enough that the serious sellers are now motivated to move on and let go. So these oceanfront Big Island properties may now be ripe to pick up at realistic market prices.

The first one is south of and adjacent to Waikoloa Beach Resort.  Click here to see.   It is 27 acres directly on a white sand beach.  The conservation designation may limit what you can build to 5,000 square feet of improvements, conservation zones vary based on each locations’ unique classification.  But waking up to the blue skies, seas and white sands under a warm sun is heavenly.  It is priced well at $7,000,0000 when compared to the slightly smaller parcel of 21+ acres a bit more to the south and less easily accessed property to the south asking $20,000,000, click here to see this listing

Go North!  North Kohala now offers this totally different oceanfront world (Click here), one where cliffs meet the sea in front of rolling acres of North Kohala pasture lands.  The views both inland and seaward are awe inspiring…really.  If this moves you, you have to check out my listings along the shore that have just seen a significant price reduction.  This oceanfront acreage graced by a rare stand of indigenous Hala and the adjoining virtual oceanfront parcel together equal almost 50 acres.  They can be purchased separately or together with the Jim Cutler designed home on the mauka boundary to create a 73+-acre oceanfront estate The seller promises a nice discount if these three are purchased as one. 

Drive south of Kona to historic Kealakekua Bay.  Along its south shore is a secluded, gated road; Keawaiki.  Go further down this Road and you will come to Puu Honua o Ho’onaunau, also known as the City of Refuge. Spent a lot of time here lately in this magical place with clients who purchased a super sweet oceanfront home last month.   There are very few places like this where one watches lauipala, (yellow tangs) swim in clear ocean water from the shore, seeing them as clearly as if you were in the water with them.  Which is really where you should be; swimming, surfing, kayaking and playing in the warm waters of this black sand beach bay.  This property, click here, is a true Kama’aina home on almost one and a half acres.  You have to wonder how much you will use the pool when you have the best ocean waters in the world to play in a few steps away. 

Thought since we are talking ocean you might want to think about this property that just saw a nice price reduction.  Here on Kaiolu Drive off Ali’i Drive (click here) is a double lot that is truly oceanfront though technically not (call me for the explanation). Then there is Puako….one of my favorite homes is still for sale. It is well priced at $5,950,000 given that this winter saw a sale of another home on the ocean here for $7,250,000. The cute little cottage across the street on the mauka side of Puako Beach Drive is also still for sale…there has been one price reduction so far, maybe an offer closer to the most recent mauka sale would now be appreciated. 

Lets not forget the lovely oceanfront Pauo’a Beach at Mauna Lani.  This sparkling new home feels as much like oceanfront as non-oceanfront can.  The resort location allows one the opportunity to walk to many of the nearby amenities.  It should be finished by next month.

Enjoy your week!  Stay well, be healthy and call if you want more information or to schedule an appointment.  A hui hou

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!