Archive for the ‘vista waikoloa condos for sale hawaii’ 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.

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!

Featured Listing: Vista Waikoloa #G203 $359,000

MLS# 248457 | 2 Bedroom | 2 Bathroom | 1,230 sf

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Watch the golf game from the comfort of your lanai overlooking the Waikoloa Beach Golf Course. Fully furnished unit is ready for you to move in.   Wooden Shutters can slide open to let in the warm sunlight or close for privacy.  Quiet location away from the street is convenient to the well equipped fitness center, pool, spa and Barbecue pavilion.  Walking through the manicured grounds is truly a walk in the park; paths meander under shady, flowering topical trees along more flowering shrubs and expansive lawns.
One of the best white sand beaches, Anaehoomalu Bay is literally a five minute stroll away.  Two golf courses beckon; lots of shopping at either the Kings or Queens shops that also offer dining from fast food to fine cuisine.  The Marriot Waikoloa Beach Hotel and the Hilton Waikoloa share their services with residents, too….more fine food,  spas and entertainment! Isn’t it time to make your dream vacation your life?  Stop dreaming….come on in…  E Komo Mai!

Contact me for further details on this listing.

Featured Listing: Vista Waikoloa #G203 $359,000

MLS# 248457 | 2 Bedroom | 2 Bathroom | 1,230 sf

View All Images

Watch the golf game from the comfort of your lanai overlooking the Waikoloa Beach Golf Course. Fully furnished unit is ready for you to move in.   Wooden Shutters can slide open to let in the warm sunlight or close for privacy.  Quiet location away from the street is convenient to the well equipped fitness center, pool, spa and Barbecue pavilion.  Walking through the manicured grounds is truly a walk in the park; paths meander under shady, flowering topical trees along more flowering shrubs and expansive lawns.
One of the best white sand beaches, Anaehoomalu Bay is literally a five minute stroll away.  Two golf courses beckon; lots of shopping at either the Kings or Queens shops that also offer dining from fast food to fine cuisine.  The Marriot Waikoloa Beach Hotel and the Hilton Waikoloa share their services with residents, too….more fine food,  spas and entertainment! Isn’t it time to make your dream vacation your life?  Stop dreaming….come on in…  E Komo Mai!

Contact me for further details on this listing.

Featured Listing: Vista Waikoloa #G203 $359,000

MLS# 248457 | 2 Bedroom | 2 Bathroom | 1,230 sf

View All Images

Watch the golf game from the comfort of your lanai overlooking the Waikoloa Beach Golf Course. Fully furnished unit is ready for you to move in.   Wooden Shutters can slide open to let in the warm sunlight or close for privacy.  Quiet location away from the street is convenient to the well equipped fitness center, pool, spa and Barbecue pavilion.  Walking through the manicured grounds is truly a walk in the park; paths meander under shady, flowering topical trees along more flowering shrubs and expansive lawns.
One of the best white sand beaches, Anaehoomalu Bay is literally a five minute stroll away.  Two golf courses beckon; lots of shopping at either the Kings or Queens shops that also offer dining from fast food to fine cuisine.  The Marriot Waikoloa Beach Hotel and the Hilton Waikoloa share their services with residents, too….more fine food,  spas and entertainment! Isn’t it time to make your dream vacation your life?  Stop dreaming….come on in…  E Komo Mai!

Contact me for further details on this listing.