Kailua-Kona, HI Real Estate News

By Rich Bosselmann-RS, Your Kona real estate connection.
(Koa Realty Inc.)
  Kona Real Estate Market Update - March 2012   I just reviewed the Kona real estate market data as of March 2012 and it looks very similar to last year at this point. The North Kona District saw 56 single family homes sold in the first three months of 2012 compared to 58 homes sold during the same period in 2011. Land sales are also looking very similar to last year with 8 transactions year to date compared to 7 in 2011. There has been a slight slow down in condo sales with 44 units sold so far in 2012 compared to 50 a year ago.  The median sales price of homes sold in Kona during the first three months of 2012 is almost unchanged compared to 2011, down just 2.52%. Condo prices are are down 11.1%. I believe that we are seeing signs of the Kona real estate market stabilizing. Although, ...
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By Kona Home Team (luva llc) Lance Owens (RS), Getting transactions done, when nobody else can!
(Kona Home Team (luva llc))
As of March 3 2012, here are the latest updates for Aloha Kona Realty Inc. www.KonaHomeTeam.com for all the updates  A few new listings, and a couple more sales -  Featured Listings click to view Multi Unit Duplex on Alii Drive 76-6175 ALII DRKAILUA KONA, HI $1,590,000 16 Bed16 Bath 8,000 sq ft Kanaloa at Kona Condos for sale # 2601 78-261 MANUKAI STKAILUA KONA, HI $749,000 2 Bed2 Bath 1486 sq ft Keauhou Kona Surf and Racquet Club, 4202 78-6800 ALII DRKailua Kona, HI $579,000 2 Bed2 Bath 1170 sq ft Preview - Kona Coffee Farm, 5 acres plus home 82-1090 KILOACaptain Cook, HI $475,000 3 Bed3 Bath 2,100 sq ft Pool, Ocean Views, 5 Acres - Private 88-1651 Moana DrCaptain Cook, HI $399,000. 3 Bed2 Bath 1,612 sq ft Pualalni Estates 75-6200 PIENA PLACEKAILUA KONA, HI $329,000 4 Bed3 Bath 1300 sq...
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By Kona Home Team (luva llc) Lance Owens (RS), Getting transactions done, when nobody else can!
(Kona Home Team (luva llc))
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By Kona Home Team (luva llc) Lance Owens (RS), Getting transactions done, when nobody else can!
(Kona Home Team (luva llc))
Aloha, Lance here with Aloha Kona Realty Inc ( www.KonaHomeTeam.com ) . With Home Sales UP $21,000,000.00 in January, it has made for some slim pickings.  GOOD news though - I just added 2 new listings below, take a look at the updates and give us a call    Featured Listings click to view Multi Unit Duplex on Alii Drive 76-6175 ALII DRKAILUA KONA, HI $1,590,000 16 Bed16 Bath 8,000 sq ft Kanaloa at Kona Condos for sale # 2601 78-261 MANUKAI STKAILUA KONA, HI $749,000 2 Bed2 Bath 1486 sq ft Keauhou Kona Surf and Racquet Club, 4202 78-6800 ALII DRKailua Kona, HI $579,000 2 Bed2 Bath 1170 sq ft Preview - Kona Coffee Farm, 5 acres plus home 82-1090 KILOACaptain Cook, HI $475,000 3 Bed3 Bath 2,100 sq ft Pool, Ocean Views, 5 Acres - Private 88-1651 Moana DrCaptain Cook, HI $399,000. 3 Bed2 Bat...
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By Kona Home Team (luva llc) Lance Owens (RS), Getting transactions done, when nobody else can!
(Kona Home Team (luva llc))
January Home Sales are in: Aloha, Lance Owens here with Aloha Kona Realty Inc. bringing you the monthly sales report.     According to the Hawaii MLS, North Kona home sales increased by 23% over 2011 And if that’s not enough good news for you – January 2012 also beat out January, 2011, 2010, 2009, and 2008. If you want to find a January with more home sales in it - you have to rewind all the way back to 2007. A couple of more interesting facts about 2012 sales 134% - that’s how much the $ amount (sales volume- money exchanging hands) went up.       7% - that’s how much the Median Price Increased  46% - sold by CASH  38% - sold in under 30 days  42% sold for under $350,000.   I just felt those were some noteworthy facts – If you follow my blog at all, you know how much I preach about no...
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By Kona Home Team (luva llc) Lance Owens (RS), Getting transactions done, when nobody else can!
(Kona Home Team (luva llc))
Lance Owens (RS), Aloha Kona Realty INC.   www.KonaHomeTeam.com   Straight from the mouth of the Investor's Tips for Selling Your Property in a Short Sale To help you successfully complete a short sale: 1. Work with a licensed Real Estate Agent 2. Consider choosing an agent with experience in Short Sales 3. Work closely with your agent—keep them informed about any changes to the property 4. With your agent, decide on the list price, taking into consideration the suggested list price provided by your Bank, that is fair after considering the market in your area and the sale prices of comparable homes near yours 5. Keep your home and property clean, free of clutter and debris, and ready for a showing at all times 6. Ask your real estate agent for advice on how to maintain the home and/or p...
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By Rich Bosselmann-RS, Your Kona real estate connection.
(Koa Realty Inc.)
Bayview Estates - Kona Neighborhood Video Tour Bayview Estates is one of Kailua-Kona's Premier neighborhoods. Located in the Keauhou area of Kailua-Kona, this gated upscale development features custom built single family homes and vacant lots, many with panoramic Kona coastline views.   I really like Bayview Estates, the setting is beautiful, from the landscaped streets to the terraced lots that maximize the ocean views, it is a well designed upscale neighborhood. Monthly maintenance fees are just over $200 which is very reasonable. Most of the lots are 15,000 to 18,000 square feet with building pads and in many cases, rock walls.  The neighborhood CC&R's have guidelines regarding construction and landscape design to ensure that quality homes are built. Kailua-Kona's Bayview Estates is ...
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By Rich Bosselmann-RS, Your Kona real estate connection.
(Koa Realty Inc.)
Peaman 2012 Race Calendar is Set Kona residents and visitors looking for a fun way to get out and exercise have plenty of choices. If you want to mix in some friendly competition, try the Peaman races. Named after founder and chief organizer Sean "Peaman" Pagett, these free races are for all age groups and levels of fitness. The events usually consist of either a sprint triathlon, biathlon or run and they start at the Kailua Pier. The distances are always manageable with swims ranging from 1/4 mile to 3/4 mile, runs are usually 2 to 3 miles and bike distances are normally less than 15 miles. Some of the races feature themes and it's not uncommon to see someone competing in a zany outfit. I really enjoy the Peaman races, everyone is friendly and out to have fun first and compete second. ...
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By Kona Home Team (luva llc) Lance Owens (RS), Getting transactions done, when nobody else can!
(Kona Home Team (luva llc))
Do you ever wonder who is buying what, and with what? CASH? FHA? CONVENTIONAL? USDA? VA?  Well - I do, so I took a look at recent sales in Kailua Kona, Hawaii, just to see what the reports say.  You have to wonder, with all this bailout money going to the banks - there's got to be tons of buyer's - getting great loans - RIGHT?   THINK AGAIN - The bailout money is going to pay down the banks bad debts, pay off the bonuses, but they sure aren't loaning money like they should be. I can name several recent deals where the buyers had excellent credit - high 700s, low 800s, 30% cash down, and they were put through the wringer - 70, 80 + days to "close" - come on? I know the banks are doing lots of refi's, but thats not getting the economy moving? Dont get me wrong, I'm all for the refi's - b...
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By Kona Home Team (luva llc) Lance Owens (RS), Getting transactions done, when nobody else can!
(Kona Home Team (luva llc))
January 3, 2012 - Interview with Kailua Kona Realtor Lance Owens (RS) Aloha Kona Realty Inc.  Ok we all know 2011 was a good year for Real Estate Recovery in Hawaii, but every now and then I like to break it down and see who is buying - what? And it always surprises me, along with many of my readers.  So I took November 2011 Condo sales, 17 sales,  to see who is paying the taxes on it - basically the new owner. (December wouldn't be updated yet)  Sales Ranged from -  $53,500 for a 372 sqft studio - leasehold property    To a $1,175,000.00 for 2/2 1,800 sqft, Fee Simple property    How many guessed Foreign investors?  How many guessed Mainland Investors? How many guessed Owner occupied?  Well if you guessed Mainland investors - you win!  California leads the pack with 4 buyers listing a ...
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By Kona Home Team (luva llc) Lance Owens (RS), Getting transactions done, when nobody else can!
(Kona Home Team (luva llc))
Just putting the word out - Our short sale success rate is phenomenal! Take a LOOK  Were closing them out, with no participation from seller (no money out of your pocket - just walk away). WE negotiate everything - including the HOA, the PMI insurance companies, 2nd liens, 3rd liens, we have even closed investor owned short sales with as little as - zero - participation from the seller. Currently accepting short sale listings in  Keauhou Estates Bayview Estates Hualalai Colony  Pualani Estates Lokahi Makai Alii Cove - we need a few in here - please call asap if you have a unit you want to sell  Alii Lani - need a few here also. We are accepting select other areas also - Please call if you need assistance - 808-936-8383   Take a look at today's closing, seller (investor) paid $730,000 in...
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By Kona Home Team (luva llc) Lance Owens (RS), Getting transactions done, when nobody else can!
(Kona Home Team (luva llc))
Kailua Kona Home Sales,  Year To Date sales are up 10.69 percent. If you follow my blogs, you know how I preach about not reading to much into the monthly numbers  (October up 33% - November down 3% - December tracking up 30%) and concentrate more on the larger picture - YTD numbers. Lets rewind a little bit, 2010 Home sales, were up 31% over 2009 - speaking of 2009, it was up 18% over 2008.  2008 - we don't even want to talk about 2008 - OK, I mentioned the year, so here it is - 2008 was DOWN <39%>  2007 - Down <-16%>  Enough with the down numbers, lets focus on the NOW numbers, with 3 years running, of consistent increases, I think we can safely say - recovery is here. Another funny question I get a lot of, but what about prices? You know what, prices are, what prices are. You know w...
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By Kona Home Team (luva llc) Lance Owens (RS), Getting transactions done, when nobody else can!
(Kona Home Team (luva llc))
Kailua Kona, Hawaii. Today is a good day, we just closed on a tremendous home, listed at $843,500.00 , sold for $824,500.00 with only being on the market for 19 days. Its a good feeling when you feel like you hit this one right on the head, or that noise a baseball bat makes when you hit the perfect pitch - better yet, the sound a golf club makes when you hit that sweet spot. Speaking of that, maybe I deserve the afternoon off  I wanted to say thank you to my clients that believed in me, my family that put up with me, and the buyers agent that helped me keep it all together. It feels like an Academy Award speech, but THANK YOU all.  A lot of hard work went into pricing this home, built in 1968, major renovations and additions, in 1990, more in 2010, many a "discussion" over neighborhood...
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By Johnny McElree
(Live Your Dreams!)
New on Market: 72-4126 Awalua Pl - $1,359,000 Pure luxury and sweeping ocean views and spectaculor sunsets—-you can even see Maui. Open concept floor plan with private lanai next to the pool area that captures the essence of Hawaii. *Granite and Corian Counter Tops *Bamboo... Read more about this listing at: http://www.hawaiiluxurylistings.com/property.php?mls=249503   Hitch A Ride With Me, I'll Take You Home! Johnny McElree Johnny@JohnnyMcElree.com www.HawaiiLuxuryListings.com
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By Kona Home Team (luva llc) Lance Owens (RS), Getting transactions done, when nobody else can!
(Kona Home Team (luva llc))
Lance Owens, whether he likes it or not, is known as the SHORT SALE KING, on the Big Island of Hawaii. So when asked about short sales, foreclosures, and staying in your home, here is what he has to say.  With the new law that took effect in May, there has never been a better time in history to do a short sale on your home. You know what, let me backtrack a little here,  There has never been - a better time in history - to actually SAVE your home.  If you are "Owner Occupied", have the means to make payments, and are behind in payments,  or in foreclosure, this new law puts teeth in keeping - YOU - in your home.  Act 48 Hawaii, and Know Your Options website from Fannie Mae are great tools for you. PLEASE visit these websites and get the counselors working on your file now (I have said t...
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By Kona Home Team (luva llc) Lance Owens (RS), Getting transactions done, when nobody else can!
(Kona Home Team (luva llc))
What a recovery, 33% Increase in Home sale's - October 2011,   Year to Date sales are up a strong 12% . Kailua Kona, Hawaii is in its 3rd straight year of increased sales - in fact, I had to go all the way back to October 2005 to find a better "October" for the  "number of homes sold".  Remember, I dont use any hokus-pokus, market adjustment, tweaked, ......... These are straight, black and white numbers - the real deal!  It is, what it is,  I miss the days when your newscaster just gave you the news, now all you get is someone Else's opinion, makes it hard to form your own some-days. For the full report, follow this link back to my Kailua Kona Market Market Reports   For the Deal of the Day - my pick is this absolute, Ocean Front home, on Alii Drive, not priced at a Million, not price...
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By Rich Bosselmann-RS, Your Kona real estate connection.
(Koa Realty Inc.)
Beaches of Kona video tour - Mahaiula  Beach Mahaiula Beach is located within the Keha Kai State Park about 8 miles North of Kailua-Kona. The access road off of Hwy 11 is between mile markers 88 and 89. The 1.5 mile road is unpaved and full bumps and potholes; but it doesn't seem to deter the tourists from taking their rental cars across the desolate looking lava field. Just a short walk from the parking area is a picture perfect tropical cove with plenty of shade and deep sand.  The stunning contrast between the desert lava fields and the lush and refreshing cove is what makes Mahaiula's Beach so memorable and unique.  If you hike the trail on the North end of the cove across the lava fields, for about 20 minutes you will come across another spectacular cove called Makalawena Beach. On...
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By Rich Bosselmann-RS, Your Kona real estate connection.
(Koa Realty Inc.)
Bank Owned Homes Aren't Always The Best Deal Everyone wants the best buying opportunity when looking for a home. Are bank owned homes in Kailua-Kona always the best buy? It's important to point out that any home offered for sale must compete with the bank owned and short sale properties. If a home is not priced competitively, it will not sell.  Bank owned homes are sold "as is" and most have been neglected. It's not uncommon to see bank owned properties without appliances and in need of costly repairs. When you compare that $400,000 bank owned home to a competing, well maintained $435,000 regular sale property, you may find that the move in ready home is the better deal.  When I work with homebuyers, we use the contingency period to get a professional home inspection and estimates for a...
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By Rich Bosselmann-RS, Your Kona real estate connection.
(Koa Realty Inc.)
Kailua-Kona Beaches Video Tour - White Sands Beach A couple hours at White Sands Beach is always a good time. White Sands is located right in town so it's easy to drop in and go for a swim or body surf a few waves.  This is Kona's community beach, it's not big but there's always room for everyone.   White Sands Beach in Kailua-Kona, Hawaii is always an entertaining place to sit and people watch. If you want a quiet, secluded beach to relax on, Kona has plenty to choose from. If you are looking for a vibrant, fun beach to play, where you can meet people from Kona and all over the world, White Sands is the place. This beach is also known as Magic Sands because when a big Winter swell hits the Kona Coast, most of the sand gets pulled off shore and deposited on a sand bar. When the conditio...
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By Rich Bosselmann-RS, Your Kona real estate connection.
(Koa Realty Inc.)
Kailua-Kona Real Estate Market Update October 2011 The Hawaii Island real estate market statistics are in and the numbers continue to show signs of stability. The first indication I would like to point out is the trend of increasing home sales.  October of 2010  saw 113 homes sold on the Island of Hawaii. In October of 2011, 127 homes sold island wide, an increase of 12.39%. This is a continuation of the trend that shows 8.5% more homes sold on the Island year to date in comparison to 2010.  Another trend in Hawaii Island real estate sales is the slowing decline in single family home prices. Year to date home prices are down 5.95% Island wide and 8.86% in North Kona. October of 2011 saw single family home prices increase 6.33% versus October 2010 adding to a similar increase seen last m...
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