If you are still looking for a deal at oceanfront Halii Kai at Waikoloa Beach Resort, here's a rather sobering report. Whale watching from the Halii Kai Ocean Club is popular with owners and rental guests. All Halii Kai Short Sales Currently Have Offers For the first time in several years, there are no active short sale listings at Halii Kai.  There are seven short sales showing "contingent" which means anything from a new offer was just submitted to the banks for approval, to escrow having been opened. Those in early stages would probably still accept back-up offers. Halii Kai Developer Almost Sold Out For years prospective buyers have felt a lack of urgency knowing that the developer still had a substantial number of unsold units. Now that picture has changed.  All their ocean view an... 02/20/2012

For the first time in several years, as 2012 begins there is not a single 3-bedroom Halii Kai condo for sale that is a distressed property (short sale or bank-owned "REO" post-foreclosure).   As reported in my October Halii Kai update, the developer is nearly sold out.  They actually released their model home of the groundfloor 3bed/2bath Kipuka floorplan as they have nothing left in this floorplan.  And there are no short sales without offers in this popular floorplan either!  The two least expensive choices are both in Building 17...$500-549,000 asking prices for a furnished condo with rental bookings in place. View from the lanai of Halii Kai 15H, direct oceanfront privacy for $1,239,000 (MLS 240035) On the heels of our sale of Halii Kai 15E we listed the same 3 bedroom condo on the ... 01/06/2012

To date, there have been only three resales (non-developer sales) at Halii Kai that were not short sale or foreclosures.  My partner Pam and I just listed and sold Halii Kai 15E for $1,050,000, and although the sellers brought money to closing, it did not go through the short sale process. In other words, there have only been a total of 20 resales at Halii Kai, of which 7 were bank-owned and 10 were short sales. All three of the non-distressed sales were direct oceanfront condos (and I can proudly say, all were my listings or co-listings). Excluding developer inventory, there are currently 13 active listings at Halii Kai. But here is the big change: only three of these are short sales, and among them are some competitively priced units that come furnished and in some cases with strong r... 10/11/2011

  In my previous reports this year on Halii Kai condos for sale, the market has been completely dominated by short sale, foreclosure and developer sales.   There is currently one REO (foreclosure) - Halii Kai 4B - still in escrow with at least two more in the pipeline. There are currently five short sales at Halii Kai with accepted offers being presented to banks for approval, which as of yesterday would have left only four available.  Coincidentally, all of them happen to be the groundfloor 3 bed/2 bath outside unit that is usually the most popular floorplan. However, today we saw the release of two new resale listings at Halii Kai, both of which are short sales with great ocean view locations on the golf course. Halii Kai 12C is a 2BR/2BA with a solid rental track record in the buildi... 05/03/2011

Yesterday's West Hawaii Today had a notice of foreclosure sale for a Halii Kai condo at Waikoloa Beach Resort. The ActiveRain blog post that has brought me more prospective buyers than any other was the announcement of the listing of Halii Kai 16C as a foreclosure--and this notice is for the mirror-image unit next door! Careful distinctions are in order here.  Usually when people ask me about "foreclosures" they are actually interested in what banks and real estate agents refer to as "REOs" or real estate owned by a lender after completion of the foreclosure process.  Less commonly, they want to know how to find out about properties up for foreclosure auction, such as this Halii Kai condo. The Halii Kai condo set for foreclosure is in one of the closest buildings to the private Ocean Cl... 04/25/2011

Even the buyer of foreclosure Halii Kai 24C (MLS 242791) can walk down to the Ocean Club for sunset At the beginning of January I wrote a review of Halii Kai condo short sale and foreclosure activity and although this is titled February update, I have to confess that 7 weeks have passed. Since my previous post, all of the action has been in short sales, REOs, and DEVELOPER inventory, hence the revised title of this post.  The activity over the past couple of weeks contains a few surprises. SOLD SURPRISE There was only one closed sale during this time period, one of the REOs.  I was surprised both by which one of the three REOs for sale went first, as well as by the amount of discount to the asking price (typically when banks list property they only accept offers close to asking price, ... 02/25/2011

Feb 19, 2011 NOTE:Thanks to this blog post we got in an offer and were able to postpone the short sale! But there are more deals at Halii Kai waiting for buyers... Ocean view from Halii Kai 9C short sale...wake up to this!  MLS 227346 Here is the most ironic situation I have faced as a short sale listing agent.  A beautiful ocean view condo at Halii Kai, one of the rare Mahana 2 bed/2 bath units to have a garage rather than a carport, is about to go to foreclosure unless I get an offer in the next 18 hours or so! What makes it ironic? The mortgage on the condo is owned by Freddie Mac.  Freddie Mac will only allow ONE postponement of the auction date, and only if there is an actual offer in.  That means that although this is the high season and I have multiple showings per day when it is... 02/16/2011