Kailua-Kona, HI Real Estate News

By John Petrella
(Local Hawaii Real Estate)
North Kona is one of 9 Real Estate districts on the Big Island of Hawaii. (Click here to view a map that shows the location of the North Kona District on the Big Island of Hawaii).Below is a chart that shows the number of Home Sales in the North Kona District on the Big Island of Hawaii. The data are over the last 5 years, starting with April 2004 and ending in April 2009. More sales data and info can be found at LocalHawaiiRealEstate.com (Data Source: Big Island MLS) Stop by, visit and talk story at our office on the Big Island of Hawaii! John Petrella, REALTOR®ABR®, GRI, Broker/Owner Direct: 808.640.3953Local@LocalHawaiiRealEstate.com Local Hawaii Real EstateHonesty • Integrity • Commitment 159 Keawe St., Suite 1Hilo, HI 96720 REALTOR® is a federally registered collective membership m...
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By John Petrella
(Local Hawaii Real Estate)
North Kona is one of 9 Real Estate districts on the Big Island of Hawaii.  (Click here to view a map that shows the location of the North Kona District on the Big Island of Hawaii). Below is a chart that shows the number of Home Sales in the North Kona District on the Big Island of Hawaii.  The data are over the last 10 years, starting with March 1999 and ending in March 2009. (Data Source:  Big Island MLS) According to this chart, the North Kona District has LESS monthly sales in 2009 than it did in 1999.  More sales data and info can be found at LocalHawaiiRealEstate.com Stop by, visit and talk story at our office on the Big Island of Hawaii! John Petrella, REALTOR®ABR®, GRI, Broker/Owner Direct: 808.640.3953Local@LocalHawaiiRealEstate.com Local Hawaii Real EstateHonesty • Integrity •...
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By John Petrella
(Local Hawaii Real Estate)
North Kona is one of 9 Real Estate districts on the Big Island of Hawaii.  (Click here to view a map that shows the location of the North Kona District on the Big Island of Hawaii). Below is a chart that shows the number of Land Sales in the North Kona District on the Big Island of Hawaii.  The data are over the last 5 years, starting with March 2004 and ending in March 2009.  More sales data and info can be found at LocalHawaiiRealEstate.com  (Data Source:  Big Island MLS) Stop by, visit and talk story at our office on the Big Island of Hawaii! John Petrella, REALTOR®ABR®, GRI, Broker/Owner Direct: 808.640.3953Local@LocalHawaiiRealEstate.com Local Hawaii Real EstateHonesty • Integrity • Commitment 159 Keawe St., Suite 1Hilo, HI  96720 REALTOR® is a federally registered collective membe...
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By John Petrella
(Local Hawaii Real Estate)
North Kona is one of 9 Real Estate districts on the Big Island of Hawaii.  (Click here to view a map that shows the location of the North Kona District on the Big Island of Hawaii). Below is a chart that shows the number of Home Sales in the North Kona District on the Big Island of Hawaii.  The data are over the last 5 years, starting with March 2004 and ending in March 2009.  More sales data and info can be found at LocalHawaiiRealEstate.com  (Data Source:  Big Island MLS) Stop by, visit and talk story at our office on the Big Island of Hawaii! John Petrella, REALTOR®ABR®, GRI, Broker/Owner Direct: 808.640.3953Local@LocalHawaiiRealEstate.com Local Hawaii Real EstateHonesty • Integrity • Commitment 159 Keawe St., Suite 1Hilo, HI  96720 REALTOR® is a federally registered collective membe...
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By Ginger Foust, Home Stager Oakhurst CA, Dream Interior Redesign & Staging
(Certified Staging Professional)
Many of you helped me out with decisions I had to make on our renovation of our 2nd home/vacation rental in Kailua-Kona, Hawaii.  Here's how it started.  I wanted the colors of the ocean for accents with a pop of orange as the complement for the blues.  Here the silk taffeta panels are aqua.  Since I had to plan the entire project from California, before I purchased any furnishings or artwork this color seemed fine to me.  However they were a BI%$H to hem and I wasn't at all happy with them, but since fabric is limited on the Big Island (unless you want a tropical print) I had to settle.  Once that we bought the art I knew that the aqua was all wrong.   So here's what I did for the next trip. It's another silk taffeta but a full panel width (54") and in this much bolder color to bring o...
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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))
I have a homeowner (condo) and this is her primary residence, and it is in foreclosure. Pay off is roughly about $300,000. The offer is for $195,000 - CASH. Which by the way is about 10,000 under fair market value - of course that is reason for a whole new blog - what is fair market value when you 848 active listings, with only 13 sales last month? Needles to say I think this is a very good offer and I let the bank know this also.Here is there response to me - by the way the names have been changed to protect the guilty :)Hello Lance, I submitted the short sale to the MI (Mortgage Insurance) company for their approval.  I have received a response from them.  They said they would approve the short sale but the seller will have to sign a 40,000 promissory note.  It is interest free and th...
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By John Petrella
(Local Hawaii Real Estate)
North Kona is one of 9 Real Estate districts on the Big Island of Hawaii.  (Click here to view a map that shows the location of the North Kona District on the Big Island of Hawaii). Below is a chart that shows the number of Land Sales in the North Kona District on the Big Island of Hawaii.  The data are over the last 5 years, starting with February 2004 and ending in February 2009.  More sales data and info can be found at LocalHawaiiRealEstate.com  (Data Source:  Big Island MLS) Stop by, visit and talk story at our office on the Big Island of Hawaii! John Petrella, REALTOR®ABR®, GRI, Broker/Owner Direct: 808.640.3953Local@LocalHawaiiRealEstate.com Local Hawaii Real EstateHonesty • Integrity • Commitment 159 Keawe St., Suite 1Hilo, HI  96720 REALTOR® is a federally registered collective...
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By John Petrella
(Local Hawaii Real Estate)
North Kona is one of 9 Real Estate districts on the Big Island of Hawaii.  (Click here to view a map that shows the location of the North Kona District on the Big Island of Hawaii). Below is a chart that shows the number of Home Sales in the North Kona District on the Big Island of Hawaii.  The data are over the last 5 years, starting with February 2004 and ending in February 2009.  More sales data and info can be found at LocalHawaiiRealEstate.com  (Data Source:  Big Island MLS) Stop by, visit and talk story at our office on the Big Island of Hawaii! John Petrella, REALTOR®ABR®, GRI, Broker/Owner Direct: 808.640.3953Local@LocalHawaiiRealEstate.com Local Hawaii Real EstateHonesty • Integrity • Commitment 159 Keawe St., Suite 1Hilo, HI  96720 REALTOR® is a federally registered collective...
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By Diana J. Woods, Big Island Hawaii
(MacArthur Sotheby's International Realty)
Over the past few months my sunny optimism has been stunned into silence.  Advisers are saying don't read the news.  Pay close attention to the market and prepare for the turn around.  I can't stop reading the news.  I'm a voracious reader.  I read, listen and watch international and national economists, and discuss the local market with professionals I trust.  Consequently, I've been in a funk.  I don't know if it's the decision by opinion leaders to moderate the gloom and doom, but this morning I heard a fleeting bit of good news from the powers that be in Honolulu.  I didn't hear the source, but someone said prepare now for the 2010 turn around in the real estate market. I am so ready to believe this.  My spirits immediately jumped.  I have noticed neighborhoods favored by second hom...
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By John Petrella
(Local Hawaii Real Estate)
N Kona is one of 9 Real Estate districts on the Big Island of Hawaii.  (Click here to view a map that shows the location of the N Kona District on the Big Island of Hawaii).Below is a chart that shows the number of Home Sales in the N Kona District on the Big Island of Hawaii.  The data are over the last 5 years, starting with January 2004 and ending in January 2009.  More sales data and info can be found at LocalHawaiiRealEstate.com  (Data Source:  Big Island MLS) Stop by, visit and talk story at our office on the Big Island of Hawaii! John Petrella, REALTOR®ABR®, GRI, Broker/Owner Direct: 808.640.3953Local@LocalHawaiiRealEstate.com Local Hawaii Real EstateHonesty • Integrity • Commitment 159 Keawe St., Suite 1Hilo, HI  96720 REALTOR® is a federally registered collective membership mar...
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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))
Finally and easy way to research foreclosures, short sales, and REO (bank owned properties)  on the Big Island of Hawaii. In the beginning I tried using RealtyTrac, and Yahoo real estate, but I found their numbers were so so far off track, and outdated,  I couldn't even use them. The scary thing was that whenever you saw a report on TV, they quoted one of these sources! My next attempt at keeping up on foreclosures and short sales, was to manually go through every listing - one by one - and write them all down, very time consuming! I mean I am supposed to be out there selling properties - right? As the active listings grew to over 1,000 just here in Kona - it became unmanageable. Those days are gone now - after years of asking our MLS to add these as - check offs - on our search engine ...
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By John Petrella
(Local Hawaii Real Estate)
N Kona is one of 9 Real Estate districts on the Big Island of Hawaii.  (Click here to view a map that shows the location of the N Kona District on the Big Island of Hawaii).Below is a chart that shows the number of Land Sales in the N Kona District on the Big Island of Hawaii.  The data are over the last 5 years, starting with December 2003 and ending in December 2008.  More sales data and info can be found at LocalHawaiiRealEstate.com  (Data Source:  Big Island MLS) Stop by, visit and talk story at our office on the Big Island of Hawaii!John Petrella, REALTOR®ABR®, GRI, Broker/Owner Direct: 808.640.3953Local@LocalHawaiiRealEstate.com Local Hawaii Real EstateHonesty • Integrity • Commitment 159 Keawe St., Suite 1Hilo, HI  96720 REALTOR® is a federally registered collective membership ma...
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By John Petrella
(Local Hawaii Real Estate)
N Kona is one of 9 Real Estate districts on the Big Island of Hawaii.  (Click here to view a map that shows the location of N Kona District on the Big Island of Hawaii). Below is a chart that shows the number of Home Sales in the N Kona District on the Big Island of Hawaii.  The data are over the last 5 years, starting with December 2003 and ending in December 2008.  More sales data and info can be found at LocalHawaiiRealEstate.com  (Data Source:  Big Island MLS) Stop by, visit and talk story at our office on the Big Island of Hawaii!John Petrella, REALTOR®ABR®, GRI, Broker/Owner Direct: 808.640.3953Local@LocalHawaiiRealEstate.com Local Hawaii Real EstateHonesty • Integrity • Commitment 159 Keawe St., Suite 1Hilo, HI  96720 REALTOR® is a federally registered collective membership mark ...
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By Ken Anderson
(Century 21 All Islands)
In Sickness and In Health... Well 2008 was a rough year for most of the folks I know. Many of my my colleagues and my clients were beat up by the economic fallout of 2008...me included! However, a shiny ray of hope has been there and still exists for a lucky few with cash on the sidelines, they have picked up Hawaii deals not seen in years. In addition, those not paying cash have gotten some great rates on their loans now that credit is easing and the rates remain incredibly low. So this is the way I see it for 2009... Like the commitment you make to a life long partner, as a Real Estate professional I made a commitment to this industry. Our national and global economies have made even the most insulated markets catch cold and many are still suffering with an all out flu. So how does it...
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By John Petrella
(Local Hawaii Real Estate)
The number of Land sales in our N Kona Real Estate district are down since thier peak in March of 2004. N Kona is one of 9 Real Estate districts on the Big Island of Hawaii.  (Click here to view a map that shows the location of N Kona on the Big Island of Hawaii).  We have been in a downward trending market since December of 2004.  No N Kona Land sales have taken place so far in December.Below is a chart that shows the number of Land Sales in the N Kona District on the Big Island of Hawaii.  The data are over the last 5 years, starting with November 2003 and ending in November 2008.  More sales data and info can be found at LocalHawaiiRealEstate.com  (Data Source:  Big Island MLS) Stop by, visit and talk story at our office on the Big Island of Hawaii! John Petrella, REALTOR®ABR®, GRI, ...
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By John Petrella
(Local Hawaii Real Estate)
The number of home sales in N Kona Real Estate district are down since thier peak in June of 2005.  The Big Island of hawaii has 9 Real Estate districts.   (Click here to view a map that shows the location of the 9 Real Estate Districts on the Big Island of Hawaii).  Since June of 2005, we have been in what I call a downward trending market in the N Kona District.  Five N Kona home sales have taken place so far in December. Below is a chart that shows the number of Home Sales in the N Kona District on the Big Island of Hawaii.  The data are over the last 5 years, starting with November 2003 and ending in November 2008.  More sales data and info can be found at LocalHawaiiRealEstate.com  (Data Source:  Big Island MLS) Stop by, visit and talk story at our office on the Big Island of Hawai...
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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))
I know a lot of you are sitting there freezing your butt off, so I will try not to talk to much about the 82 degree weather, the 4-6 foot surf and of course paradise. I just wanted to warm you up some by posting these photos of yesterdays surf, and let you in on a great deal here in Kona.  A 3 bedroom, 2 bath, home, located just 1,400 feet from this surf spot - the one I am about to upload after I write this - how long would it take you to walk 1,400 feet and get to this beach - well since I live just a few homes away from this one - it takes me and my 7 year old about 15 minutes - you got to remember he stops a lot - oh dad - look at this gecko, oh dad look at this butterfly, oh dad lets catch some caterpillar's and take them home to become butterfly's. Ok the Home - this is a short sa...
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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))
Can you imagine owning a home - in Hawaii - for under $300,000 - just 2,200 feet from Banyans Surf Break. Its true - this 3bedroom 2 bath home is listed for $299,000 and it is ceentrally located in Kailua Kona, just a little off of Alii Drive Dollar for Dollar I believe this is the best deal in Kona right now. Kamani trees subdivision is a secret little hideaway right in the middle of Kona. You have the luxury of sidewalks, underground utilities, twice weekly trash pick up, an active homeowners association, pride of ownership shows thru out this subdivision. Kids playing in the streets, shortcut down to banyans surf break, and there is only one way in/out of this 5 street subdivision. Call me for more details By the way - I took these photos today, 82 degrees, 4 foot waves, dont get muc...
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By John Petrella
(Local Hawaii Real Estate)
Below is a chart that shows the number of Home Sales in the N Kona District on the Big Island of Hawaii.  The data are over the last 5 years, starting with October 2003 and ending in October 2008.  More sales data and info can be found at LocalHawaiiRealEstate.com  (Data Source:  Big Island MLS) Stop by, visit and talk story at our office on the Big Island of Hawaii! John Petrella, REALTOR®ABR®, GRI, Broker/Owner Direct: 808.640.3953Local@LocalHawaiiRealEstate.com Local Hawaii Real EstateHonesty • Integrity • Commitment 159 Keawe St., Suite 1Hilo, HI  96720 REALTOR® is a federally registered collective membership mark which identifies a real estate professional who is Member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics.
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By Beth Thoma Robinson, R(B) SFR - Hawaii Island Luxury Resort Real Estate
(Hawaii Life Real Estate Brokers Big Island)
If you have visited Kona or the Kohala Coast of the Big Island, undoubtedly you have heard of the "Green Flash". The phenomenon is real:  on a truly clear evening, you can watch the sun drop into the Pacific and momentarily see a green glow spread across the horizon.  This photo from the Halii Kai Ocean Club demonstrates the perfect conditions: The Green Flash is also a drink I remember downing at a waterfront bar or two!  [OK, click here for a Green Flash Recipe courtesy of Absolut Vodka] This post, however, is about a different kind of Green Flash--a "green", earth-friendly, news bulletin. The Big Island Visitors Bureau has just launched a webpage for visitors who wish to travel green.  The site features not only ecotourism options, but also "sustainable travel" tips, for visitors who...
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