Archive for the ‘vista waikoloa luxury 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.

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: 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.