Archive for the ‘million dollar condos for sale big island’ Tag

Puako for Buyers   Leave a comment

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Aloha.  It is starting off to be another beautiful week in Hawaii with the return of the cool stirrings of the Tradewinds.   Clear skies, fresh air…..Hawaii!

The time has never been better to be a buyer for Puako property.  While much of the Island’s most desirable areas have limited inventory, there has never been more properties for sale in Puako in my entire career (selling here since 1989).   By clicking on this market report covering sales over the last 3-months (wait…what sales?!?) you can see that there are 17 homes* and lots for sale with three properties in escrow

The last quarter of 2015 and early first quarter of 2016 saw fourteen properties come to market.  All but four are still on the market. Two of the three in escrow were listed then, all priced at the lower end of the price range.  (Two of the three are our Elite Pacific Properties listings) Two sold although one that sold was actually on the market nearly two years priced 17% higher, then given a “rest” from Multiple Listing Service, a refreshing practice to make it appear as a new listing. Understand the buyer had looked at it earlier and made the offer soon after the price was reduced. The best Puako value, Puako #80, was listed only a few weeks ago and in escrow within days because of its location, charm and excellent pricing.  Word on the streets is it was purchased by one of its regular vacation rental guests.  The other oceanfront home in escrow has been in escrow for months but is another example of a well-priced, well located property considered to be a good value given its extra-large, deep set lot with a classic beach house.   The lot next door to this home, another great value is still for sale, click here to see.  Although there have not been any sales over the last 3-months, there was total of 8-sales between August of 2015 and March of this year.  You can see what sold by clicking here for that report.

At least three of the oceanfront properties on the market have been trying to sell for literally years.  We can suspect that this is mostly due to their prices.  I have shown them to several clients who felt their perception of value was not equal to the sellers perception of value.   Limited inventory in the past gave sellers the luxury of pricing to meet their needs.  Add to that that sellers are not always educated as to how the differences between homes affects their values. Puako is a community without CC&Rs which is very attractive to most of those who call Puako home.  This leads to a mixed basket of homes; from rustic beach cottages to grand oceanfront estates.  It is difficult to determine values since we really have to compare mangoes to bananas.  Harder still for a seller to price to sell if he doesn’t understand how these differences affect their value in the marketplace of today.  That is the job we agents have to do!  But right now, my job is to educate you so you make the right choice as a buyer.  Having all these choices now at this time of year makes it an awesome time for us to find your perfect Puako home.  Or if not Puako, we will find you one somewhere else on this beautiful Island!

Give me a call or shoot me an email and let’s jump on this opportunity now.

 

*Puako Kai is 2-CPR homes on one lot listed separately (2X) and together (1X).  It has been on the market 18-months, listed with three different Brokerages. Now at 20% off the original list price of $2,350,000.

Big Island home prices up 7.9% in August, but condo prices slumped – Pacific Business News   Leave a comment

Big Island home prices up 7.9% in August, but condo prices slumped – Pacific Business News.

BIG ISLAND HOME PRICES UP

News like this is always great to hear.  Looking a little deeper we see that the home sale price average is up just about everywhere due to shrinking inventory and increasing demand.   Mauna Lani Resort and Puako had some very large sales in the month of August.  However, the diversity of the markets on the Big Island does not translate into an evenly distributed 8% increase.  Just as the nearly 11% slump in condo prices does not equate to  a decline in condo prices at Mauna Lani Resort, Waikoloa Beach Resort or Mauna Kea Resort.  There we are seeing prices creeping up, sometimes leaping, as inventory shrinks and prices naturally head north.  There are fewer distressed properties hitting the market and when they do, the rising of the market price floor brings these prices up as well.

MARKET HEATING UP

For the first time in years we are seeing very competitive markets.  Multiple are offers coming in and less discounting in all sectors of the market.  Kailua-Kona is the best example of this on the Big Island.  There FOR SALE inventory is almost half the amount of homes in escrow (pending sales).  We seem to be following the recent Statewide trend where homes that have been on the market as long as 18 months are now receiving multiple offers….bidding wars have returned.  The super low, and I mean SUPER LOW, interest rates may be the call to action!!  As the reality sinks in the the economy has been slowly recovering for years and is gaining momentum, fewer and fewer buyers are taking the wait and see approach.  They don’t want to be wishing next year that they bought this year.

Because statistics lump all of the Big Island together;  properties from Puna to Hualalai ResortKukio and all that lies in between, the rate of increase will be higher on the West Side and lower on the east side.  This being my second Big Island Real Estate Roller coaster ride, I feel pretty comfortable encouraging buyers to leap now on that property of their dreams.  Take advantage of these extraordinary low interest rates before the tide changes….rolling in with both higher prices  and higher rates.  Leap now while the water is warming up, before it’s hot enough to get burned!

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.

Featured Listing: 68-1885 E Kaupapa Place, Waikoloa $274,000

MLS# 240772 | 3 Bedroom | 3 Bathroom | 10,919 sf

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Here is the best home currently on the market for the extended family or rental property.  Main house consist of three bedrooms and two baths.  Attached, but separate and private Ohana has a huge open living room/great room with a very spacious bedroom suite. The attached large lanai is very inviting.   Solar water heater saves you money!
Easy to care landscape includes mature trees that shade the home keeping it cool and comfy.  Quiet cul de sac location is very convenient to all the Waikoloa amenities; walk to the store, golf clubhouse or pool.
Waikoloa is known for its school, many families move here so their children can attend one of the Islands’ best schools for kindergarten through eighth grade.
Waikoloa’s annual dues of $584 are easily the best around when you consider that as an owner you have a community pool, tennis courts and a golf course that offers  owners reduced rates to play.

Contact me for further details on this listing.

Featured Listing: 77-458 Ohia Ai Street, Kailua-Kona $339,000

MLS# 242968

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Exceptional Anekona lot on the Sunny side of Waimea offers more than its outstanding ocean, mountain and island views.  Set in one of the most desirable neighborhoods on the island this lot is ready to go.   The driveway has been paved and the utilities have been pulled in along the driveway underground, no unsightly poles marring the view is this neighborhood of beautiful homes and protective CC&Rs.  This lot has been graded including a house site.  It is ready to go, just waiting for your dream home designs!  The location is very convenient to the coast with its beautiful beaches, harbors, resorts, restaurants, five star hotels as well as the upcountry community of Waimea with wonderful schools, theatre, shopping, parks and more.  This is the perfect time to move upcountry and live the good life!

Contact me for further details on this listing.

Featured Listing: 015 Aniani Street, Kailua-Kona $249,900

MLS# 231294

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Ocean views of the Kona coast unfold before you from this one acre lot on the slopes of Hualalai.  Located on a quiet side street within the beautiful flower lined wrought iron entry gates of the Kona Hills subdivision.  This luxury home neighborhood of beautiful homes set among elegant tropical landscapes is considered one of the finest, private and quiet communities of the North Kona area.  Seller would be delighted to exchange this lot for a condo in the Kona, Waikoloa or the coast resorts of comparable value.

Contact me for further details on this listing.

Featured Listing: Kanehoa Street, Kamuela $629,500

MLS# 228795

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Exceptional Anekona lot on the Sunny side of Waimea offers more than its outstanding ocean, mountain and island views.  Set in one of the most desirable neighborhoods on the island this lot is ready to go.   The driveway has been paved and the utilities have been pulled in along the driveway underground, no unsightly poles marring the view is this neighborhood of beautiful homes and protective CC&Rs.  This lot has been graded including a house site.  It is ready to go, just waiting for your dream home designs!  The location is very convenient to the coast with its beautiful beaches, harbors, resorts, restaurants, five star hotels as well as the upcountry community of Waimea with wonderful schools, theatre, shopping, parks and more.  This is the perfect time to move upcountry and live the good life!

Contact me for further details on this listing.