The holiday season is upon us and there are many events and activities planned. Here are a few suggestions for happenings to get you into the holiday spirit:
-Sunday, December 8, enjoy the Kailua Kalikimaka Holiday Concert featuring Amy Hānaiali`i from 4:00 pm - 5:00 pm in Emma Square. Save your spot and watch the 9th Annual Lighted Boat Parade in Kailua Bay at 6:00 pm. The Body Glove boat will be docked at Kailua Pier for great viewing, with food and beverages for purchase.
-Saturday, December 14, 5:00 pm, bring the keiki down to Ali`I Drive in Kailua-Kona and enjoy the “Magical Storybook Christmas” parade. Floats, marching units and fun for the whole family.
-Saturday, December 21, The Nutcracker Ballet as performed by the West Hawaii Dance Theatre will enchant audiences with Tchaikovsky’s melodies, Hoffmann's timeless themes, exciting guest professional dancers, ever-evolving creative choreography and participation by our local community. The performances at 2:00 pm and 6:00 pm are being held at Kahilu Theatre in Waimea. More details at whdt.org.
Big Island Hawaii Quiz !
If you can name these areas, you are true island lover.
Left : Puʻuhonua o Hōnaunau National Historical Park Right : Pololu Valley Lookout
Below, you can see the North Kona Median Price and Sold Qty changes, month by month, for the last two years. The Red line is the Median Price, and the Blue line is the Sold Qty. It is not unusual to see slowdowns in the market from August to December, and it is evident that Condo Sold Qty has been declining for a few months.
Below data comes from Hawaii Information Service.
Here’s a look at the October results and 2024 YTD for the North Kona Residential and North Kona Condos. Overall, the residential median price decreased, yet the sold quantity increased over last year. Condo median prices have increased, and the sold quantity is showing a downtrend.
North Kona Median Price Increases in the Residential and Condo Markets
There has been a drastic price increase since 2019. The Residential median price has almost doubled, and Condo prices have increased by 66% since 2019.
Aloha from Chiaki Yamada with KW-Big Island. May your Thanksgiving abound with reasons to be grateful.
In keeping with a recognized trend in the U.S. real estate market in an election year, following this year’s election the Real Estate Market has picked up. Suddenly, we have had more properties going under contract in just the last two weeks.
This is good timing as our real estate high season starts in December and usually ends at the end of March. During these months there will be more people on the island and buying activities usually increase. If you are thinking of selling your home or doing an exchange of properties, please do not miss this high season opportunity! If you are Buyer looking for the right property, there should be more nice homes coming on market during winter.
For Kona's Residential Market, due to relatively limited inventory, the market is maintaining its median price. The market has improved for all the properties under $3M. Properties priced under $1.2M, with ocean views, are still selling quickly, even with multiple offers. Even if there are no multiple offers on the table, the average sold price in the last 30 days is 95% of the listing price.
Here is the information on the Kona Residential Market (Active Listings, Under Contract, Pending Ratio and Market Insight) as of 11/25/2024. Compared to last month, the inventory increased 7% and buying activities heightened as the Pending Ratio (Escrow/Active Listings) increased by 20%. Overall, the Residential Market is still "Neutral.
For the Condo Market, because of an increase in condo insurance, we have seen more inventory in the condo market. This month, we have noticed more buying activity in condos priced under $500,000. Compared to last month, the condo inventory increased 3%, yet buying activity improved as the Pending Ratio (Escrow/Active Listings) increased by 17%. The condo market is gradually improving. The average sold price in the last 30 days is 95% of listing price.
Here is the information on the Condo Market (Active Listings, Under Contract, Pending Ratio and Market Insight) as of 11/25/2024. Overall, the condo market has turned into a "Buyer's Market", yet it has slightly improved compared to last month.
I am here to provide you with a detailed market analysis in your neighborhood. If you or anyone you know may be thinking of buying, selling or both, I would be happy to be of service!
-The Kona Coffee Cultural Festival brings nearly 200 years of tradition, community and craftsmanship together to celebrate the harvest of this world-renown coffee. The festival takes place November 1 through November 10, 2024, and invites coffee enthusiasts, cultural aficionados, community and visitors alike to gather and enjoy the rich heritage woven into every cup of Kona coffee. Events include parades, a coffee cupping contest, a coffee recipe contest, coffee farm tours, a ho`olaulea and a coffee and art stroll. Purchase a $5 Festival admission button and enjoy ten days of fun family events and get special rates for ticketed events. Festival admission buttons are available for purchase at many retail and farm locations throughout the Kona area. For more information, please visit www.konacoffeefest.com. Be sure to follow the festival on social media @konacoffeefest.
-Things are cooling off in Kona! The days are getting a little shorter, but also more temperate and drier. We’re definitely moving into the winter season or (hoʻoilo) from November to April. Winter is sometimes considered to be the “wet” season in the islands, but in Kona, it is actually the opposite. So, expect to enjoy a lot of morning sunshine and starry, starry skies!
-If you love music, don’t miss the 22nd annual `Ukulele & Slack Key Guitar Festival and Ho`olaulea Night on Saturday, November 16, in Waimea. Musicians take the stage together to talk story, play music, and share their experiences as award-winning Hawaiian music artists. The festival includes a Ho`olaulea Night, when each of the participating musicians will take the stage individually as well as invite small groups to join them as they showcase their favorite songs and one-of-a-kind musical collaborations. A Kanikapila Concert Day, when the musicians take the stage in a slightly less formal concert setting, means audience members with tickets and an instrument will be invited to join the guest artists on stage. (Please note there are limited tickets to play on stage with the artists.) The artists take turns leading each other in both song and story, finding new inspiration in the music they love to share. Visit https://kahilu.org/ for more info. The event is available on-demand online or in person.
Big Island Hawaii Quiz !
If you can name these areas, you are true island lover.
Left : Keiki Pond by Kona Bay Estates Right : Onemea Bay in Papaikou (Scenic Road in Hilo side)
Below, you can see the North Kona Median Price and Sold Qty changes, month by month, for the last two years. The Red line is the Median Price, and the Blue line is the Sold Qty. It is not unusual to see slowdowns in the market from August to December, and it is evident that Condo Sold Qty has been declining for a few months.
Below data comes from Hawaii Information Service.
Here’s a look at the September results and 2024 YTD for the North Kona Residential and North Kona Condos. Overall, the residential median price and Sold Qty increased from last year. Condo median prices have dropped, and the sold quantity is showing a downtrend.
North Kona Median Price Increases in the Residential and Condo Markets
There has been a drastic price increase since 2019. The Residential median price has almost doubled, and Condo prices have increased by 66% since 2019.
Did you know...during the winter season, the properties tend to sell at a Higher Price with Fewer Days on Market? Whether you are selling or buying, as YOUR agent, I will work diligently to provide you with the exceptional service that you deserve.
Example of Luxury Properties I SOLD as Seller’s Agent during past winter season
My services includes:
Complimentary Market Analysis to ensure the highest resale value
Professional Staging to enhance the features of your property
Professional Photography in Daytime and Sunset/Twilight
3D Virtual Tour: Matterport to experience the home virtually
Walkthrough Video advertising on YouTube and all Social Media
Effective Social Media Marketing on all platforms
Broker/Public Open House (if allowed)
Postcard Direct Marketing
As an experienced real estate professional, please allow me the opportunity to represent you on any future real estate transactions!
Find your forever home, and forever happiness in Hawaii. 🌺🏠
Aloha from Chiaki Yamada with KW-Big Island. I hope you are enjoying the autumn months, wherever you are.
The upcoming U.S election is affecting the Real Estate Market all over the nation. In Hawai`i, because it is a Resort and second home market, the effect is even more evident. It seems to me that both Buyers and Sellers are waiting for the elections to be over. Right now, the market is in a "holding" pattern, without many noticeable changes during the last two months.
For the Residential Market, due to relatively limited inventory, the market is maintaining its median price. Properties priced under $1.2M with ocean views are still selling quickly, even with multiple offers; the properties in the $1.5M - $2M price range are showing lower buying activity. However, properties in the $2M - $3M price range are showing heightened buying activity this month.
Here is the information on the Residential Market (Active Listings, Under Contract, Pending Ratio and Market Insight) as of 10/21/2024. The market varies depending on the price range; overall, the Residential Market is still "Neutral." Compared to last month, the inventory is almost the same, yet Buying activities weakened as the Pending Ratio (Escrow/Active Listings) decreased by 30%.
For the Condo Market, because of an increase in condo insurance, we have seen more inventory on the condo market. This month, we noticed more buying activities in condos priced between $500,000 - $1M. Compared to last month, the condo inventory remains almost the same, yet buying activities improved a bit as the Pending Ratio (Escrow/Active Listings) increased by 24%.
Here is the information on the Condo Market (Active Listings, Under Contract, Pending Ratio and Market Insight) as of 10/21/2024. Overall, the condo market has turned into a "Buyer's Market", yet it has slightly improved compared to last month.
I am here to provide you with a detailed market analysis in your neighborhood. If you or anyone you know may be thinking of buying, selling or both, I would be happy to be of service!
-The days are getting shorter and cooler, and Kona is coming out of its rainy season. You can expect more sunshine, lower humidity, and blue skies as we head into the season of celebration. The Kona coffee harvest is in full swing, and the community is taking a breather before the next wave of visitors – triathletes – arrive.
-The 2024 VinFast IRONMAN World Championship in Kailua-Kona on October 26 will host the very best male professional and age group triathletes from around the world. Their 140.6-mile/ 226km journey presents the ultimate test of body, mind and spirit. The historic race will take athletes through the clear waters of Kailua Bay, along the wind-swept lava fields of the Kohala coast. The IRONMAN World Championship has been a presence on the island for 40+ years and is an iconic global sporting event. For more information, or to volunteer with the event, visit https://www.ironman.com/im-world-championship-kona.
-Take a walk down memory lane, or learn about Hawai`i’s historic sugar industry, during the Hamakua Sugar Days Festival in Honokaa, October 5 to 20. A highlight of this two-week celebration is the Hamakua Sugar Days Parade on October 12 at 10 a.m. down Mamane Street. The event commemorates the 30th anniversary of the final harvest at Hamakua Sugar and honors the hard work of all sugar workers throughout Hawai`i. In addition to the parade on Oct. 12 is an agriculture and sustainability fair, pumpkin patch and live music at the Honoka`a Complex Park. At the Honoka`a Heritage Center there will be exhibits, a cultural village and educational activities. All sugar workers and anyone with an interest in the long-running, colorful history of the sugar industry are invited. For more information, visit hamakuasugardays.org.
Big Island Quiz
Can you name these places ?
Left : Beach at Hualalai Four Season Right : Blue Lagoon at Kiholo Bay
Below, you can see the North Kona Median Price and Sold Qty changes, month by month, for the last two years. The Red line is the Median Price, and the Blue line is the Sold Qty. It is not unusual to see slowdowns in the market from August to December.
Below data comes from Hawaii Information Service.
Here’s a look at the August results and YTD for the North Kona Residential and North Kona Condos. Overall, the residential median price is holding. Condo median prices have increased, yet the sold quantity is showing a downtrend..
North Kona Median Price Increases in the Residential and Condo Markets
There has been a drastic price increase since 2019. The Residential median price has almost doubled, and Condo prices have increased by 66% since 2019.
