Hawaii County, HI Real Estate News

By Rich Bosselmann-RS, Your Kona real estate connection.
(Koa Realty Inc.)
If you've decided to make the big move to Kona, Hawaii, congratulations, it's a great place to live. Now, it's time to figure out some of the logistics. Hopefully, I can help.Pets? If you have a dog or cat, you can bring them home from the airport shortly after you arrive. That's a big change from the 30 day quarantine on Oahu that was required when I moved to Kona. You do however, need to follow a strict protocol on the rabies antibody test timeline. Here is a link to the State of Hawaii Animal Industry Division . They have everything you need, including applications, forms and check lists.Transferring your out of state drivers license for a Hawaii license, is a good idea. Having a Hawaii drivers license can get you Kamaiiana rates on hotel stays, golf and other fun stuff. At the Count...
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By Rich Bosselmann-RS, Your Kona real estate connection.
(Koa Realty Inc.)
Hawaii Island has three active volcanos. While the risk of having a lava flow inundate any individual property on the island is low, the hazard is not the same in all areas. The USGS geologists and volcanologists put together a series of Lava-Flow Hazard Maps over the years, most recently in 1992. This map has 9 hazard zones with lava zone 1 being the most hazardous and 9 considered to have the least hazard of lava flow inundation. In developing these maps, they took into consideration topography and rift zones around the active and dormant volcanos on the island.Lava-flow hazard zones are intended by the USGS to be used by the public to determine general lava hazards over an extended period of time. However, mortgage lenders and insurance companies use these maps to set premiums, rates...
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By Rich Bosselmann-RS, Your Kona real estate connection.
(Koa Realty Inc.)
Hawaii Island has seen its population grow about 8% over the last decade. In the 2020 census the population of the Big Island reached 200,000. The Kona District has been growing too but it still has the small town charm and laid back lifestyle that people love. So, why are people moving to Kona, Hawaii?~ Everyone loves the weather. Kailua-Kona is on the dry side of the island but don't let that fool you. It may be all sunshine at the beach but drive a few miles up the mountain and you could be enjoying a rain shower in a tropical forest. Living on a mountainous island gives you lots of climate zones to choose from.~ More and more people have the opportunity to work remotely. I have met many new residents of the Big Island who said they're here because their company lets work from home. ...
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By Rich Bosselmann-RS, Your Kona real estate connection.
(Koa Realty Inc.)
  Cottages on Alii Drive - New Housing Development on Alii DriveThere is a new housing development getting ready to break ground in Kailua-Kona. Cottages on Alii Drive will consist of 58 single family homes and a neighborhood park on a 10 acre parcel. Soon there will be more information about floor plans but at first glance, it looks like there will be both single story and two story homes with lot sizes ranging from 5,000 to 13,000 square feet, with most in the 5,000 range. The developer is Stanford Carr, he has built quite a few, well received condominium and single family developments in West Hawaii and on Oahu. The location for these plantation and craftsman style homes is fronting Alii Drive, across the street from the ocean and about a mile south of historic Kailua Village. Hawaii...
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By Rich Bosselmann-RS, Your Kona real estate connection.
(Koa Realty Inc.)
8 Things to Know Before Buying a Vacation Rental Condo in Kailua-Kona, HIKailua-Kona has become a very popular place for second home/ vacation rental condo purchases. The weather is perfect year round so there really isn't an off season. The right condo will have very high occupancy rates all year. Buyers should know a few things before starting their search. 1. On the Big island, condominiums rented for less than a 30 day period need to have an STVR (short term vacation rental) permit. The application can be found at the Hawaii County Planning Department web site .2. The condo has to have the proper zoning and CC&R's that do not restrict rentals for a period of less than 30 days.3. Location matters. The condo will have higher occupancy rates if it's in a location that offers ocean view...
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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 Owens (RS) here with LUVA Real Estate bringing you our monthly sales report. Talk about some crazy numbers, let's start with......"Absorption Rate": The term absorption rate refers to a metric used in the real estate market to evaluate the rate at which available homes are sold in a specific market during a given time period. It is calculated by dividing the number of homes sold in the allotted time period by the total number of available homesWith that said, it is generally understood that anything under 15% is a buyers market, anything above 20% is a sellers market. Lets roll back a few years, and we are going to skip 2020. Back in 2018 our absorption rate was 14%, so it slightly favored buyers, FF to 2019 and it hovered around 20%, so it was slightly leaning towards bein...
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By Maui Luxury Real Estate Team, Ask for the Best, Ask for MLRET!
(KW Island Living)
When we think of Hawaii, we often associate it with the beach, the sun, and a relaxing vibe that come with living life in a tropical paradise. It’s the place that comes to mind when we think of getting away from our everyday responsibilities and the hustle and bustle of city life. It’s also where we feel we can be free to not just relax but to simply exist.Indeed, isn’t it pleasant to think that there’s always that one place we can retreat to when we want to slow down, disconnect, and recharge? Well, you can stop dreaming and start living your vision by buying a property on Maui; enjoying every minute as you spend your waking hours mesmerized by the island scenery at your doorstep in beautiful Lanikeha.Full Article Here: Build Your Dream Hawaii Home in Kaanapali’s Lanikeha
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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 Owens (RS) here with KonaHomeTeam (luva llc). I go over this topic when training agents, or educating my clients, (both buyers and sellers) - some get it, some don't, and let's face it, if there was one perfect way to negotiate, we would all be doing it!What is an escalation clause you ask?Escalation clauses: This is a clause in the offer that states if a competing bona fide offer is made on the property, the buyer’s offer will automatically increase by a certain dollar amount over the competing offer up to a maximumReason #1: You just tipped your hat as to how high you are willing to go in a negotiation - that's not a very good start. I liken it to playing a game of poker, but you are the only one at the table that is placing a bet, with all your cards laid - face up! (can...
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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 Owens (RS) bringing you the latest in Real Estate News, and I can tell you first hand, ITS NOT HAPPENING! In our local market (West Hawaii), SFH sales were up 63% over last October, but more important than that, 36% of them sold for cash (see below about walking away from equity) but lets go ahead and take a look at what the "Experts" are also saying: There seems to be some concern that the 2020 economic downturn will lead to another foreclosure crisis like the one we experienced after the housing crash a little over a decade ago. However, there’s one major difference this time: a robust forbearance program.During the housing crash of 2006-2008, many felt homeowners should be forced to pay their mortgages despite the economic hardships they were experiencing. There was no e...
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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))
We are excited to announce the Fall release of our valuable "Buyers Guide" ! Like we even have a "Fall" in Hawaii ! Just know that this new guide is up to date with current market conditions, how covid is affecting things like mortgage rates, home prices, and so much more. Also see what the experts are forecasting for the future. Just click the guide below, you don't have to register or give any personal information, but we do encourage you to sign up for our MLS Concierge Service and get Listing Updates sent to you instantly. 
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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 keep hearing from buyers on the fence….. “Its 2005 all over again” or “this bubble is ready to BURST !"  even better "I'm waiting for the rush of foreclosures in 2021 …  Aloha, Lance Owens (RS) with LUVA Real Estate bringing you the latest in real estate news and I wanted to point out a few differences. Those of you that have been following my blog over my 16 year career know that I have been a full time Realtor here in Kailua-Kona Hawaii since 2004, the 2018 President of West Hawaii Realtor Association of Realtors , I currently serve on the Hawaii State Board of Realtors, and the 2020/21 RPAC Trustee for WHAR, so when I reference what happened in 05,06,07….. this is not something I read on the Internet, found in a book, or heard at the water cooler. I lived it, I worked it, and I ca...
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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 , this Lance Owens (RS) with LUVA Real Estate bringing you the latest in real estate news .For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way to a recovery, and today we’re seeing signs of that coming to light. With record-low mortgage rates driving high demand from potential buyers, homes are being purchased at an accelerating pace, and it’s keeping the housing market and the economy moving.Here’s a look at what a few of the experts have to say about today’s astonishing recovery. In more than one instance, it’s being noted as truly remarkable.Ali Wolf, Chief Economist, Meyers Research"The housing recovery has been nothing short of remarkable...The ...
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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))
Serenity awaits you on this lush 22.13 acre lot with breathtaking sunrises above the quaint town of Wailea. Gently sloping pastures with forested areas await the gentleman rancher or farmer or a family ready to enjoy a self-sustaining life on the Hamakua Coast. The North West boundary of the property is defined by the year round flowing Ka'ahakini Stream.A rock wall, with custom gate invites you to a circular driveway and ready to build on house pad. A 2000 sq ft warehouse with high ceilings is accessed via 2 garage doors or man door and accented with native Ohia posts and decorative rock walls. The warehouse has county water and plumbed for a shower, water closet, lavatory and utility sink. Cesspool inspection forms are attached. An exterior carport is deep enough to house a 27' traile...
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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))
 SOME HIGHLIGHTS Taking a moment to reflect upon what we’ve heard from historical leaders can teach us a lot about getting through the many challenges we face today. We're all eager for the day when every American can safely return to work. That day is coming. Timing is everything. Patience is essential. Our courage, strength, and unparalleled resilience will get us there. “America was not built on fear. America was built on courage, on imagination, and unbeatable determination to do the job at hand.” – Harry S. TrumanDM me if you have questions about how everything happening right now impacts our local housing market and your position within it. #covid19 #wordstoliveby #inspiration #mindovermatter #motivation #mindset #inspiredaily #dreamhome #homesweethome #realestatetips #realestates...
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By Rob Dalton, Big Island Vacation Rental Guru
(Waikoloa Vacation Rentals)
Just about a year ago we saw the County of Hawaii implement a vacation rental bill to attempt to address many of the growing issues the vacation rental industry on the Big Island of Hawaii has seen.  Through the first few months it was a learning process for everyone.  Glitches had to be worked out in the application process while thousands of applications were coming in.  Within that process we also found out that many of the "zones" were becoming an issue.  A portion of Waikoloa Beach Rosort was actually not zoned a part of  Waikoloa Beach Resort and a part of Mauna Kea Resort was actually not zoned to be a part of Mauna Kea Resort.After close to a year I am wondering if more issues got made than what existed prior or if things are getting addressed.  I still see home being built in n...
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By Korby Matsen, R(B), REALTOR Broker - Kohala Coast, HI 808-557-5321
(Hawaii Luxury Real Estate RB-21156)
North Kohala is a beautiful tropical area located at the northern tip of the Big Island of Hawaii and is home to the two small towns of Hawi and Kapa’au. Hawi is most famous for being the bicycle turnaround point for the annual Ironman World Championship held each October, and its charming downtown area contains many small shops, and restaurants, including the famous Bamboo Restaurant. Hawi is also the 2nd office location of Hawaii Luxury Real Estate. The other small town, Kapa’au also contains a downtown area with small shops and cafes and is home to the original King Kamehama I Statue.  A little farther south down the coast is where the gated, upscale communities of Kohala Ranch, Kohala By-the-Sea and Kohala Waterfront are located.North Kohala contains miles of pastoral, undeveloped l...
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By Korby Matsen, R(B), REALTOR Broker - Kohala Coast, HI 808-557-5321
(Hawaii Luxury Real Estate RB-21156)
The Kohala Coast is a beautiful area located on the west coast of the Big Island of Hawaii. The Big Island received its name as to differentiate it between the State of Hawaii and the Island of Hawaii. Kohala is split into two areas, North Kohala and South Kohala, with North Kohala covering the more rural northern end of the island, including the small towns of Hawi and Kapaau, and the Kohala Ranch communities farther south.South Kohala, which begins just south of Kohala Ranch,covers the major, world class resorts of Mauna Kea, Mauna Lani and Waikoloa Beach Resorts, the small town of Waikoloa Village, located 6 miles inland from the resorts, and Waimea, the beautiful town in the interior Waimea Valley. You can find market updates for many of these areas by visiting the Market Update Pag...
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By Korby Matsen, R(B), REALTOR Broker - Kohala Coast, HI 808-557-5321
(Hawaii Luxury Real Estate RB-21156)
Mauna Kea Resort is a beautiful 1,839 acre resort located on the West Coast of the Big Island of Hawaii. This Kohala Coast resort contains two world class hotels, the Mauna Kea Beach Hotel and the Westin Hapuna Beach Resort. These hotels are located along some of the most pristine white sand beaches in all of Hawaii. The luxurious homes located in Mauna Kea Resort are second to none, with everything from private oceanfront homes to condos with sweeping ocean views.  The Mauna Kea Resort also offers its residents access to two Championship Golf Courses, the Seaside Tennis Club, a Fitness Center, and the Mauna Kea Spa. Some of the many restaurants include Number 3, the Hua Tree Lanai, the Copper Bar Cafe, Clambake and the Manta & Pavilion Wine Bar. View all homes for sale in the Mauna Kea...
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By Korby Matsen, R(B), REALTOR Broker - Kohala Coast, HI 808-557-5321
(Hawaii Luxury Real Estate RB-21156)
Waikoloa Village is a charming community located 6 miles inland from the west coast of the Big Island of Hawaii. This lovely community covers over 19 square miles and is a mixture of condominiums and single-family homes.  Waikoloa Village offers its residents wonderful amenities such as an 18-hole golf course, a community swimming pool and tennis courts.  Also, within Waikoloa Village is the Waikoloa Highlands Shopping Center, which contains many shops and restaurants, including the Waikoloa Village Market, Island Lava Java and Pueo’s Osteria Italian restaurant. With its proximity to the world-famous resorts and beaches on the Kohala Coast, Waikoloa Village makes an affordable alternative for the savvy buyer looking for their Hawaiian Dream Home. View all homes for sale in Waikoloa Vill...
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By Korby Matsen, R(B), REALTOR Broker - Kohala Coast, HI 808-557-5321
(Hawaii Luxury Real Estate RB-21156)
The Kohala Coast is a magnificent area located on the west coast of the Big Island of Hawaii. The Big Island received that name as to differentiate it between the State of Hawaii and the Island of Hawaii. Kohala is split into two areas, North Kohala and South Kohala, with North Kohala covering the more rural northern end of the island, that includes the two small towns of Hawi and Kapa’au, as well as the Kohala Ranch communities at the southern end. South Kohala, which begins just south of Kohala Ranch, covers the major, world class resorts of Mauna Kea, Mauna Lani and Waikoloa Beach Resorts, the small town of Waikoloa Village, located 6 miles inland from the resorts and Waimea, the beautiful town in the interior Waimea Valley. You can find market updates for many of these areas by visi...
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