Archive for the ‘North Kohala Real Estate Agent’ Tag

Monthly Mini Concert Series – Hoku Pa’a Trio at Queens’ Marketplace at Waikoloa Beach Resort    Leave a comment

Monthly Mini Concert Series – Hoku Pa’a Trio at Queens’ Marketplace at Waikoloa Beach Resort!


FREE EVENT – Come for free LIVE MUSIC, 6:00 – 8:00PM at the Coronation Pavilion at Queens Marketplace. 

When: Saturday, September 16

Time: 6:00-8:00 pm

Where: Queens’ MarketPlace Coronation Pavilion

Photo + Article courtsey of: http://queensmarketplace.net

Karen E. Bail

808-936-4640

Fax: 808-883-2263

RB-16072

kebail@aloha.net

http://www.KarenBail.com

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HawaiiCon 2017 at The Mauna Lani Bay Hotel + Bungalows    Leave a comment


The most unique experiences in fandom happen at HawaiiCon. Go on an adventure tour with your favorite celebrity or join them at their table during a pool side lu’au by the beach. 


Passes to convention required to participate in all add-ons including tours, workshops, and photo-ops.


HawaiiCon 2017

Date: 9/14/2017 – 9/17/2017

Address: Mauna Lani Bay Hotel & Bungalows, 68-1400 Mauna Lani Drive Kohala Coast, HI 96743

Hours: Thu, Sep 14, 2017, 7:00 AM – Sun, Sep 17, 2017, 11:00 PM HST

Cost/Cover: Starting at $10.00

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

Contact Info: DaveMinkus@hawaiicon.com


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

Karen E. Bail

808-936-4640

Fax: 808-883-2263

RB-16072

kebail@aloha.net

http://www.KarenBail.com

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.

Waikoloa Village Homes Market Update   Leave a comment

It’s officially summer….time for the mid-year Waikoloa Village Market Report. Inventory is low at 31 homes currently for sale ranging in price from $310,000 to a high of $847,750 with most homes listed in the mid-$400,000s. There are 30-homes in escrow, waiting for their sale to close at this moment. Wow! There have been 48-homes sold so far in 2014. Short sales and foreclosures still appear and sell quickly if priced right, but they are no longer a major part of the market. The limited inventory may nudge prices up in Waikoloa for the near future. The lack of vacant land to build on here also puts upward pressure on the prices. Click here to see Year to Date market report.

The first quarter of 2014 saw 21 sales at an average price of $434,257. Homes were selling within 97% of their listed price in an average of 94 Days on Market (DOM). This compares well to the first quarter of 2013 where the average price was $335,369 of a total of 16 sales. That is a year to year, first quarter price increase of 29% and a 31% increase in the number of sales.

There were 27 homes that sold in the second quarter of 2014 at the average price of $472,348. Sellers realized, on the average, about 97% of their asking price in an average of 91 days on market. There was large volume increase of 28% over the number of homes sold in the first quarter of this year. This same quarter in 2013 saw more sales, 31, but at a 21 % lower average price of $390,569. The 2014 second quarter price is also higher than the third quarter 2013 average of $368,539, but, lower than the 2013 fourth quarter average price of $496,999. This average may be higher because only 22 homes sold in the last quarter of 2013, one which was over a $1,000,000.

There are a lot of buyers looking to call Waikoloa home. If interest rates remain low and the world stays calm, we expect to see prices continue to move into the upward direction.

As always, please feel free to call or email to discuss. Be happy, stay well and a hui hou

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Waikoloa Village Golf Course

Puako Puako Puako Love Puako!!   Leave a comment

OLYMPUS DIGITAL CAMERAIt’s that time of year not only for Christmas shopping in malls and on-line for the usual gifts…but also time to buy some of the finer Big Island Properties.  Sellers present some of the best properties to the Real Estate market at this time of year in anticipation of the influx of snow birds..the kind that don’t fly in on their own wing power …the kind that had one too many winters without a tropical escape.  So it’s never a surprise to see a better caliber of Real Estate, in all categories, come on to the market during the holidays.

We had a large swell come in at the end of last week and another scheduled for Christmas Day.  The surfers are ecstatic!  Winter waves are here!! DSCF6561

While the big waves rolled in, this home was listed.  It has to be one of the nicest homes in Puako…built to the standards required by Resort covenants and restrictions that do not exist in Puako.  One of the attractions about Puako, as you know, is the freedom to conform only to your tastes in a home!  Yet you can see that the homes recently built or under construction are pretty substantial especially compared to the old fishing shacks originally built here.  There are still enough of these to retain the character that makes Puako….Puako.

The mauka  property that created so much excitement has yet to close.  The other new listings of recent weeks did not generate the stir the Chin property did…was it the over sized lot?  The price?  Probably both.   All those offers in less than a week on the market was unexpected by the seller. 

 There were two sales in the last week. This home just closed today after on the market 472 days.  It was originally listed in May of 2011 for $5,650,000.  After not selling, it retired from the market for a bit and a year or so later it reentered the market in August of 2012 at the list price of $4,895,000.  The final sales price is $4,450,000 which, when one compares value based on quality of elements and design,  validates the prices of the new makai home listings.  And, miracle of miracles, ( a miracle of the season?)the multi-parcel lot next to the Sullivan Estate finally sold after literally years on the market as a bank owned property.  Not sure that the flooding issues on that property from all directions; underneath (high water table), the ocean side when there is high tide or surf and the mauka side when it rains, were mitigated. 

 

The property formerly known as One Puako, now Puako Beach Lots plans to reconfigure back to the 7-smaller lots proposed as One Puako from the current 3-lot configuration.  Prices were lowered some.  High prices and subsequent lack of interest as evidenced by no sales proves that market value per square foot does not rise equally with size.  Could  be a great time to buy this property before the 7-lot reconfiguration is completed.  It is the perfect site for a family compound with the 3-lots ready to be built on.  My thoughts are that there could be a significant discount for a sale “as is” to one purchaser!

As always, call me to set up an appointment or to talk about any of these properties(or elsewhere on the Big Island or Oahu).  Hope you spend the next few days happily surrounded  by those you love enjoying the holiday season in whatever way you choose to celebrate.  Just be safe, have fun, stay healthy, stay happy and a hui hou! 

Kohala Ranch Sunset Open House 7/18/13 4:30 – 6:30   Leave a comment

Kohala Ranch Sunset Open House July 18 4:30 to 6:30Have you been thinking that Kohala Ranch might be the perfect place for you to call home?    Any plans this Thursday, July 18, 2013, between 4:30 and 6:30?  We are holding these two Kohala Ranch homes open during the late afternoon sunset hours.

Both are located in The Heathers of Kohala Ranch.  This is the preferred neighborhood of all the Kohala Ranch neighborhoods.   The appeal of the location at low, near ocean elevation and the unique to The Heathers  terrain offering more wind protection than upper elevations of Kohala Ranch  attracted many of today’s Heathers residents.   Each home has a different feel, features, floor plan, finishes, views and location.

Take this opportunity to see if one will call you home to Kohala Ranch!!

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Red Wine and Chocolates are to be enjoyed while you tour this home at 59-576 Ka’ala Road

White wine, Prosecco and Rose will be served with some nice cheeses, including Big Island chevre, at 59-316 Oma’o Way.

 

 

 

 

 

 

 

Exceptionally Attractive Properties   Leave a comment

Recently I was fortunate enough to view these extraordinary properties in the North Kohala area of the Big Island.  Properties like this really and truly are not on the market often or for very long.  They are located very near each other in the south side of North Kohala.   North Kohala is an area of Hawaii unlike any others; renowned throughout time for its abundance of natural resources and beauty.

The first property is in Puakea Bay Ranch Subdivision.  It is a “front row” vacant lot of approximately 10 acres of pastures virtually, but technically not, oceanfront.  At $999,000 it is a very good price for this amount of land so near the water.  Plus the opportunity to take over the financing makes it even more special.  Click here to link to the information. 

Almost directly mauka, but reached in a roundabout way, is another absolutely rare property.  It is the embodiment of the North Kohala upcountry style by its architecture and its place.  There are two very separate homes plus a detached guest home  offering a total of 6 bedrooms and 4 baths on approximately 8.75 acres.  One home is a very simple 3-Bedroom, 2-bath home in great condition.  The other home was created by the architect who designed Koele Lodge on Lanai;  Norman Hong.  There is a “Territorial Plantation” feel to it.  The detached guest suite is presently used as an office. You could not ask for a prettier setting.  Or a more private setting.   The landscape is enhanced by the panorama of beautiful Kohala country and ocean views.  Click here for more information about this house. 

Places like these make me really love  the fact that my profession offers the opportunity to visit the rare, the beautiful, the truly special lands and homes of the Big Island as part of my “Job”.   Even better, is the satisfaction of  finding their new owners who will love and care for them, turning these special places into their special homes.

You know how to reach me if these properties have reached you!  If not, look below.    They are both easy to see.  A hui hou