May 23, 2024

Real Estate Market - April

 

In April, Residential Median Prices Dropped
and the Condo Market Improved Significantly

 
Below, you can see the North Kona Median Price and Sold Qty changes, month by month for the last 2 years, from Apr 2022 ~ Apr 2024.. The Red line is the Median Price, and the Blue line is the Sold Qty. Overall, in the last two years, median prices have remained stable due to continued low inventory.
Below data comes from Hawaii Information Service.
 
 
Here’s a look at the April results for North Kona Residential and North Kona Condos. The Condo Market increased in both Median Price and Sold Qty.

North Kona Median Price Change
in Residential and Condo in last 22 years.

Drastic price increase from 2019. Now Residential Median Price is almost double, Condo Price increased by +66% since 2019.
Posted in Real Estate News
May 21, 2024

My Listing - Country Club Villas #325

 
 
MLS 710439

Under Contract After Only 2 days on the Market

Country Club Villas #325

Premier Top Floor Corner Unit!

78-6920 Alii Dr, #325, Kailua-Kona, HI 96740

2 Bed / 2 Bath,  Living area  1,271 sq.ft.


Offered for  $ 985,000 !

 This premier top-floor unit in Country Club Villas boasts golf course frontage and ocean views. Its spacious interior features a lānai, upgraded kitchen, two bedrooms with ensuite baths, and a bonus loft space. Sold fully furnished, the unit also comes with resort amenities and is conveniently located to golf, beaches, dining and shopping.
More Photos and Info
3D Matterport
The Golfer's Dream Condo!
Posted in Market Updates
May 21, 2024

Letter from Big Island, Hawaii - May 2024

Aloha from Chiaki Yamada with KW-Big Island. I hope you are well and enjoying the warm Kona weather, which is quickly transitioning into summer.

In Kona during the summer you can expect the temperature to move into the 80ʻs during the day and I truly enjoy the evening rain showers which cools everything down. Very soon, students will be out of school and enjoying their summer break. Itʻs time for canoe regattas and beach days.

Overall in the Real Estate Market, the inventory continues to be low, but the market remains active. Residential properties under $1.2M are selling quickly, with some good properties under $1M or under $2.5M with Short Term Vacation Rental license still attracting multiple offers. We donʻt anticipate a drastic drop in the interest rate anytime soon, but more Buyers are starting to take action instead of waiting. Interest in properties in the $2M-plus range of the market has slowed since April. Yet we see a continuous flow of potential buyers from the mainland coming to Kona after selling their home during the spring and summer seasons.

Below, as of May 15th, are the Residential properties in Kailua Kona for Sale, In Escrow and Sold in last 30 days in the different price ranges.
If you or anyone you know may be thinking of buying, selling or both, I would be happy to be of service!
 
Posted in Market Updates
May 16, 2024

What's Going on Around Big Island - April 2024

* People interested in plants will want to get to the Makaeo County Pavilion at the Old Airport Beach Park early for the Kona Orchid Society Mother’s Day Sale. The sale starts at 9 a.m. and ends at 2 p.m. on May 11. There is a nominal admission fee, a host of educational offerings and a display of blooming orchids. But the real draw is the sale of a wide selection of beautiful plants from Hawai`i Island growers. In addition to orchids, you’ll find cactus, succulents, air plants, bonsai, protea, fruit trees, exotic tropicals, herbs, vegetable starts and bedding plants. Attendees can talk story with growers and on-site master gardeners for tried-and-true growing tips. For more information visit, https://www.konaorchidsociety.org/

* The island’s cowboy culture will be on display at the Honoka`a Western Week May 18 to 27. The public is invited to pull on their cowboy boots and join the fun in a full week of events, which starts with a parade and ends with a rodeo. In between there will be live music, a Saloon Girls contest, Cowboy’s Got Talent contest, beer tents, keiki events and Portuguese Soup and Smoke Meat contests. For more information, visit honokaawesternweek.org. 

* Hawai`i wouldn’t be the special place it is without lei – these fragrant garlands of flowers and foliage are a symbol of Hawai`i and its aloha. In ancient times, Hawaiians wore lei to represent their ranks and their wealth, as well as to signify royalty or ali`i. The geography of the area, the religion of its people, and the tradition of the hula were all associated with the lei that Hawaiians wore. Today, you might find a lei in the local grocery store, a farmer’s market, or florist. If you have flowers in your yard, you might pick and string your own lei. It’s a beloved tradition in Hawai`i and one which is celebrated annually. May 1 is May Day - Lei Day in Hawai`i! So, wear a lei and when you do, think about the folks in Hawai`i who grow the flowers, those who string or weave the lei together and the vendors who sell them. It’s an important part of Hawai`i’s economy, tradition and ecoculture. And, May Day is not the only day for a lei. They are appropriate for birthdays, baby showers, weddings, graduations and any other significant celebration.

* LA Dodger’s baseball star Shohei Ohtani may be hanging out on Hawaii Island more often now that he has purchased a property at Mauna Kea Resort. Ohtani reportedly paid approximately $17 million for a lot in Mauna Kea’s new upscale development called “The Vista.” His home will be one of 14 luxury single-family mansions with an ocean view, complete with a private hitting and pitching facility for pre-season training.

 
Big Island Quiz

Can you name these areas?
 
Left : Kohanaiki Resort
Right : Hapuna Beach
Posted in Market Updates
May 15, 2024

April 2024 Market Report

Prices Remains Stable, Kona Residential is stronger than Condo Market

 
Below, you can see the North Kona Median Price and Sold Qty changes, month by month in last 2 year, from Feb 2022 ~ March 2024. The Red line is the Median Price, and the Blue line is the Sold Qty. Overall, in the last two years, median prices have remained stable, and the Residential's Sold Qty has increased recently.
Below data comes from Hawaii Information Service.
 
 
 
Here’s a look at the March results for North Kona Residential and North Kona Condos. We experienced large media price increases in March.

North Kona Median Price Change
in Residential and Condo in last 22 years.

 
Posted in Market Updates
May 14, 2024

My listing - Kona Vista Residence

 
MLS 709144

Kona Vista Residence

Stylish Resort-Style Home with Ocean and Sunset views!

76-4319 Kekuanoa Pl, Kailua Kona, HI 96740

3 Bed / 3 Bath plus 1 Den,  Living area  2,149 sq.ft., Land 15,197 sq.ft.


Offered for  $ 2,050,000

 Ideal for luxurious island living, the beautifully accessorized 3-bedroom, 3-bath, 1-den residence is conveniently situated on one level. Each bedroom features its own access to a lanai, ensuring every corner of the home can feel the island breezes. The heart of this 2,149-square-foot residence is its expansive lanai, spanning 546 square feet with outdoor kitchen and BBQ.
More Photos and Info
3D Matterport
Let's experience this home with me!
Posted in Market Updates
May 13, 2024

Letter from Big Island Hawaii - April 2024

Aloha from Chiaki Yamada with KW-Big Island. I hope you are well and enjoying the beautiful spring weather.

As April has progressed, it’s evident that many of our snowbird visitors (part time residents who visit in the winter) have returned home. Traffic on the island has quieted and the average number of arrivals at Kona International Airport decreased by 8% in April, compared to March.

For Sellers, the winter high wave of buying has tapered off. There are still buyers on- island who are upgrading or downsizing their residence and we expect a continuous flow of buyers coming to Kona after they sell their home during the spring and summer seasons. We anticipate the “days on market” lengthening.

For Buyers, although we see many price reductions happening on available properties, there is still hesitation from Buyers due to the high interest rate and high prices.

In North Kona, we had great results during the high season! The March median price for residential properties was $1.5M, a 17% increase from March 2023. The month’s sold quantity also increased by 30%. The median price for North Konas condos was $612,000, which is just 5% higher than last February (2023). The condo market experienced lower demands through the winter and the Sold Qty showed a downtrend of 6%.

In South Kohala (Waikoloa Village and Kohala Coast Resorts) March’s median price for Residential properties was $925,000. This is a significant price difference between the Kona and Waikoloa Village properties. And its Sold Quantity decreased by 40%. On the bright side, the Condo Market in the Kohala Coast Resorts is strong, with the median price increasing 8% from last March to $1.04M. The Sold Qty increased by 11%, showing solid evidence that the resorts are still attracting condo investors/buyers.

As of April 19th, below is the number of properties for Sale, In Escrow and Sold in last 30 days in different price rage.
If you or anyone you know who may be thinking of buying, selling or both, I would be happy to be of your service!
Posted in Market Updates
March 22, 2024

Insights into Hawaii's Dynamic Real Estate Market

Aloha from Chiaki Yamada with KW-Big Island. I hope you are well and enjoying the beautiful weather we’ve had throughout the first quarter of 2024.

If you're following the real estate market, the numbers show it - we are in the midst of Hawaii's high real estate market.

North Kona Insights:

In North Kona, the February Median Price for Residential properties surged to $1.382 million, marking an impressive +46% increase from last year's February. Concurrently, the number of homes sold saw a corresponding +46% uptick. However, the Condo market in North Kona faced challenges, with only a marginal +2% increase in Median Price ($592,000) and a concerning -30% decline in the number of units sold. This disparity underscores a stronger buying preference for single-family homes over condos this winter.

South Kohala Insights (Waikoloa Village and Kohala Resorts):

Moving to South Kohala, February witnessed a Median Price of $889,000 for Residential properties. This notable price difference compared to Kona properties was accompanied by a thriving Condo Market in Kohala Resorts, boasting a robust Median Price of $1.32 million, reflecting a 48% increase from the previous February. This area continues to allure numerous condo investors and buyers.

Luxury Market Dynamics:

An intriguing shift noted this winter is the heightened activity in the high-end luxury market segment, particularly properties priced above $2.5 million. Surprisingly, there's more demand in the luxury market than in the affordable condo market in Kona.

Market Snapshot as of March 13th:

 

These insights provide a comprehensive view of Hawaii's dynamic real estate landscape, highlighting opportunities and trends across different property segments. Should you seek personalized guidance or wish to explore real estate prospects, feel free to connect. Here's to a fruitful and exciting journey in Hawaii's real estate realm!

 

Posted in Market Updates
Dec. 15, 2023

My Listing - Keauhou Estates #146

MLS 706236

 

Luxury Polynesian-Style Architecture

with Breathtaking Ocean & Sunset Views !

 

Keauhou Estates #146

 

78-6842 Kuhinanui St, Kailua-Kona, HI 96740 

3 Bed / 3.5 Bath,  Living area 3,588 sq.ft., Land 16,275 sq.ft.

 

Offered for $3,850,000 

 

Designed with open air living in mind, this thoroughly and recently remodeled 3,588-square-foot residence offers three ensuite bedrooms with spa-like baths, a chef’s kitchen, outdoor showers, and a heated pool. The detail and customization which went into the renovation resulted in a spacious, airy luxury retreat home perfect for island living.

    

    

    

More Photos and Info

3D Matterport

=================================

MLS 706236

 

目の前にオーシャンビューが広がる

ポリネシア様式の建築邸宅

ケアウホウ エステーツ #146

 

78-6842 Kuhinanui St, Kailua-Kona, HI 96740

3 ベッド / 3.5 バス,  床面積 3,588 sq.ft. ( 333 m2), 敷地面積 16,275 sq.ft. ( 457 坪)

 

売り出し価格 $3,850,000 

 

 オープンエアでの生活を念頭に設計されたこの邸宅は、全てのガラスドアが全開になり、ハワイ島の優しい風が常に入るデザインで、島の自然を感じられる物件です。最近全改装され、3つのベッドルームは独自のバスルーム付きのスイートルームになっており、広いオーシャンビューのキッチン、ダイニング、プール、アウトドアシャワーが2つあります。

    

    

    

その他の写真と詳細

3D バーチャル ツアー

Posted in Market Updates
Nov. 28, 2023

October 2023 Market Report

The Price maintains, while SOLD Qty shows downtrend

 Below, you can see the North Kona Median Price and Sold Qty changes, month by month, from Oct. 2021 ~ Oct. 2023. The Red line is the Median Price, and the Blue line is the Sold Qty. Overall, in the last 2 years, the median prices have shown an uptrend and the Sold Qty a down trend.

Below data comes from Hawaii Information Service.

Here’s a look at the October and YTD results for North Kona Residential and South Kohala Residential number. The Price in Kona is more increased than the one in South Kohala.

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中間価格は高止まり、売却戸数は低迷傾向 

以下に、2021 年 10 月から 2023 年 10 月までのコナの中間価格と販売戸数の月ごとの変化を示します。 赤い線は中間価格です, そして 青い線は販売戸数を示します。 全体として、過去 2 年間、価格の中央値はなんとか高値を維持しておりますが、販売戸数は下降傾向にあります。 

以下のデータはハワイ情報サービスからのものです。

以下は、コナの一戸建てとサウスコハラの一戸建ての 10 月と年初からの市場の結果です。コナの価格は上昇傾向ですが、サウスコハラの価格は下降傾向です。

Posted in Real Estate News