Archive for the ‘luxury resort condos for sale big island hawaii’ Tag

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!

Ohana House at Niuli’i   1 comment

Open House Friday December 28, 2012

10am to 2pm

Award winning home designed by Seattle Architect Jim Cutler of Cutler-Anderson is on the market.  One of only seven homes honored as a record home annually, this 2007 winner is being offered for sale on 73 acres of land.  Three separate parcels include the Cutler Ohana Home on approximately 25 acres, a pasture with ocean views of over 23 acres and the oceanfront 25 acres running along nearly 1,000 linear feet of coastline.  The parccels are three separate, legal lots with county water and power.

52-4755 Akoni Pule Highway, Niulii.

www.northkohalaoceanfront.com

 

Featured Listing: 62-3459 Aloalii Place, Kamuela $2,425,000 | Mauna Kea

   

PRICE REDUCED!

MLS# 245034 | 4 Bedroom | 3 Bathroom | 3,668 sf

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Legendary…Mauna Kea Resort!  BEST value in Preferred makai side properties.  Lowest priced and newly renovated.  Located in the heart of this famous World Class Resort in a gated cul-de-sac in Fairways North. Spacious floor plan with open, gourmet kitchen design that invites entertaining.  Detached ohana unit for your guest’s privacy. Lap pool, sauna and zoned central air for your comfort and health. Beautiful decorator renovation includes kitchen with stainless steel JennAir appliances, all new furnishings, sculpted carpet, paint, new deck, landscaping, lighting fixtures, ceiling fans and more.  AHS Home Warranty.  See attached Special Features Addendum. Can usually be shown with short notice. Fairways North Assoc. Fees:  $3076 per quarter; Maintenance Fees:  $736 per quarter.

Contact me for further details on this listing.

New on Market: 68-1050 Mauna Lani Point Drive #J201, Kamuela $675,000

MLS# 251529 | 1 Bedroom | 1.1 Bathroom | 984 sf

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Expansive fairway, Hualalai and water feature views from this spacious penthouse one-bedroom corner unit at Mauna Lani Point. Sheltered from the trades, facing the SW for sunny exposure, this big airy unit has  a vaulted ceiling, solid mahogany shuttered doors, floor to ceiling sliding doors, large lanai and priced to sell!!! Amenity center recently renovated- pool, spa, BBQ, entertainment pavilion. Beach Club within easy walking distance from J building – excellent rental program with Classic Resorts.

Contact me for further details on this listing.

New on Market: 69-1687 Puako Beach Drive, Kamuela $1,195,000

MLS# 251099 | 5 Bedroom | 5 Bathroom | 2,745 sf

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Come home to your own tropical paradise and enjoy the best of island life from the comforts of Puako! Puako, the only oceanfront community along the Kohala Coast has retained the feel of a beachfront community from years gone by. It is one of the best-kept secrets on the Big Island! No gated communities, no association fees, just good island living at it’s finest.  Steps away from the white sand beaches of Puako, this island style home features a Hawaiiana motif throughout. With 5 bedrooms, each of which has its own bathroom, along with a great outdoor space for entertaining, this home is designed and fully set up for bed-and-breakfast operations, a corporate retreat, or, as a home for your extended family. Enjoy the colorful tropical landscaping and fresh mango, papaya, lemons and limes you can harvest right from your shaded, private yard. Attractions include outdoor stone showers, an outdoor dining area, an updated kitchen with granite countertops, and beautiful hardwood floors (koa, ohia, robusta, and milo). Previously featured in Travel and Leisure Magazine, this attractive island home has won hospitality and quality awards as a successful bed-and-breakfast, with a dedicated repeat clientele. Must see to truly appreciate!

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New on Market: 67-1065 Wainoenoe Rd, Kamuela $1,450,000

MLS# 251301 | 4 Bedroom | 3.2 Bathroom | 4,242 sf | 10 acres

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This fabulous property boasts spectacular ocean and five mountain views. Situated in one of the most desirable locations within the gated community of Waikii Ranch, the home rests at about 4200ft elevation. The Frank Lloyd Wright-inspired design features a lava rock and old growth redwood exterior, slate terraces and 108 exterior windows and doors that allow in an abundance of natural light. Ash wood trim, high ceilings and oak flooring highlight the interior throughout. The living room opens to the second floor as does the kitchen, which is complete with custom cabinets, high-end appliances, Corian countertops and a quaint breakfast nook. Other features include a sound system, fireplace, central heating, air conditioning, central vac and a large garage. The spacious second floor room serves perfectly as a play room, media room, fourth bedroom or any combination of these.  Also, a separate 1,602sqft stable includes a studio apartment, 2 horse stalls, a tack room and another large garage. Located just 15 minutes from Waimea and 30 minutes from the coast, Waikii Ranch is Hawaii’s finest ranch community with extensive riding and walking trails, a clubhouse, tennis court, workout facility, polo field and rodeo arena.

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Hawaii hotels see gains in occupancy, room rates

Room rates at Hawaii hotels rose nearly 14 percent during the first week of January, while the statewide occupancy rate jumped by more than 9 percentage points compared to the same week in 2011, according to a report by Hospitality Advisors LLC and Smith Travel Research

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