Archive for the ‘waikoloa hawaii’ Tag

Waikoloa Market Update ~ October 2017   Leave a comment

Aloha and happy Monday to you! The Waikoloa market is going strong with slightly more than 3% appreciation in the last 3-months, click here for: Full Market Report, over the previous three (click here for: homes sold in that period).

The previous three included several bank owned homes to lower the average price. Inventory is still limited. There are more buyers than inventory. Buyers today are less likely to invest sweat equity, preferring a home in good condition, ready to move in and priced at market. Homes within these parameters will sell in days to buyers waiting for the right home at the right price. Not a bubble market where everything sells at any price. You can see this reflected in the full report that shows homes overpriced or in poor condition still languishing on the market. Saw some new homes finished well that did not seem grossly overpriced finally sell when the price was lowered to the market value. There are a lot of buyers who are patient and exercising good judgement. Banks continue to expand their loan programs to be more accessible to a wider range of buyers while adhering to conservative lending practices. No funny money if you can breathe loans!

Rental market remains very tight and monthly rental rates continue to rise. Average rent in Waikoloa now hovers between $2,000-$2,500 per month. Unemployment is very low with a strong construction and high visitor counts. There is a labor shortage in many sectors and lack of rentals discourages new labor sources.

There are developers starting to move on purchasing shovel ready projects or dusting off their plans to get ready to start building more homes. The Vista Waikoloa project is an appealing project of around 30 or so homes starting around $600,000. It is another Town home project with good design and finishes.

Ainamalu at Waikoloa Beach Resort is a very attractively priced community for resort homes. It is a green development offering photovoltaic power, propane farm piping gas to the homes (rare to have this set up on the Big Island) and eco-friendly construction. No great views but beaches within walking and biking distance is a big draw as are the Greenways throughout the neighborhood. The soon to be built community center is pretty WOW. They are moving forward with construction steadily and expect to start delivering completed homes soon. Demand is very solid for this project.

Please feel free to call anytime to discuss Waikoloa further. Always good to hear from you!

Aloha and a hui hou~
Karen E. Bail, RB-16072

808-936-4640

Fax: 808-883-2263

kebail@aloha.net

http://www.KarenBail.com

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Out of the Darkness Big Island Walk in Waimea on October 7th   Leave a comment


Out of the Darkness Big Island Walk

When you walk in the Out of the Darkness Walks, you join the effort with hundreds of thousands of people to raise awareness and funds that allow the American Foundation for Suicide Prevention (AFSP) to invest in new research, create educational programs, advocate for public policy, and support survivors of suicide loss.

Date: 10/7/2017 (Saturday)

Address: Waimea Elementary Field, 67-1225 Mamalahoa Hwy Kamuela, HI

Time: 8:00am

Cost/Cover: Free

Web Page: https://afsp.donordrive.com/index.cfm?fuseaction=donorDrive. …

Contact Info: For more details, call 808-339-1794.

Thanks to Walkers and Donors like you, AFSP has been able to set a goal to reduce the annual suicide rate 20% by 2025.


The American Foundation for Suicide Prevention is dedicated to saving lives and bringing hope to those affected by suicide. AFSP creates a culture that’s smart about mental health through education and community programs, develops suicide prevention through research and advocacy, and provides support for those affected by suicide. Led by CEO Robert Gebbia and headquartered in New York, AFSP has local chapters in all 50 states with programs and events nationwide. Learn more about AFSP in our latest Annual Report, and join the conversation on suicide prevention by following AFSP on Facebook, Twitter, Instagram, and YouTube.


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

Karen E. Bail

808-936-4640

Fax: 808-883-2263

RB-16072

kebail@aloha.net

http://www.KarenBail.com

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

Bocce Ball Tournament this Sunday in Waimea!   Leave a comment

Bocce Ball Tournament this Sunday in Waimea!


The Waikoloa Dry Forest Initiative is hosting a Beer, Bites, and Bocce Ball Tournament & Fundraiser. Create a team or just come to attend some friendly competition in this double elimination style lawn game that is fun and easy to play for all ages. Ticket prices include access to the event, drink tickets, food and entertainment. There will also be kid’s activities, educational booths, a silent auction, and fine art for sale. All proceeds will benefit the forest restoration efforts of the Waikoloa Dry Forest Initiative. 
Bocce Ball Tournament

September 10, 2017

2:00 pm – 6:00 pm

Anna Ranch 65-1480 Kawaihae Rd. Waimea, HI 96743

Go to waikoloadryforest.org for tickets and info. Contact Jen@waikoloadryforest.org for questions

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

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.

Great Waikoloa `Ukulele Festival – Waikoloa Beach Resort   Leave a comment

Ukulele FestivalFree festivities at the Great Waikoloa `Ukulele Festival include a workshop at 10:30 with celebrated teachers Roy and Kathy Sakuma, nonstop concerts, instrument giveaways, Hawaiian crafts and more. “Traditional `ukulele masters, school groups, up-and-coming artists and top entertainers in the `ukulele world will be at the festival.” Read more here…

Article courtesy of KonaWeb.com

Image courtesy of WaikoloaBeachResort.com

March 5, 2016 from 11:15am-7pm

Waikoloa Beach Dr
Waikoloa Village, HI

Karen E. Bail, REALTOR (B), CIPS, TRC, ePro
Elite Pacific Properties
Call: 808-936-4640
kebail@aloha.net
www.karenbail.com

Hawaii Food & Wine Festival   Leave a comment

9694146449_7434842e50_z“The Hawai‘i Food & Wine Festival is the premier epicurean destination event in the Pacific and will take place over two weeks on multiple islands, featuring a roster of over 100 internationally-renowned master chefs, culinary personalities, and wine and spirit producers. The Festival will showcase wine tastings, cooking demonstrations, one-of-a-kind excursions, and exclusive dining opportunities with dishes highlighting the state’s bounty of local produce, seafood, beef and poultry.” Read more here…

Article courtesy of HawaiiFoodandWineFestival.com

Image courtesy of Kanu Hawaii/Flickr.com

Saturday August 29, 2015

Hilton Waikoloa Village
Waikoloa Beach Dr.
Waikoloa, Hawaii 96738

Karen E. Bail, REALTOR (B), CIPS, TRC, ePro
Elite Pacific Properties
Call: 808-936-4640
kebail@aloha.net
www.karenbail.com