Kailua-Kona, HI Real Estate News

By Kona Home Team (luva llc) Lance Owens (RS), Getting transactions done, when nobody else can!
(Kona Home Team (luva llc))
Lance Owens | Aloha Kona Realty Inc | lance@konahometeam.com | 808-936-8383 75-6081 ALII DR, #Q202, Kailua Kona, Hi, HI Bank Approved pricing on a Short Sale 2BR/2BA Condo offered at $160,000 Year Built 1996 Sq Footage 723 Bedrooms 2 Bathrooms 2 full, 0 partial Floors 1 Parking 2 Uncovered spaces Lot Size Unspecified HOA/Maint $370 per month DESCRIPTION Public Remarks - UPDATE 5/8/2010: BANK APPROVED SALES PRICE Bank has approved a sale price of $157,000 but are not willing to pay back maintenance fees - fees are still being negotiated and the current buyer walked - this deal is wide OPEN! Building sits tucked away in the back, south corner of the complex, has a great grassy area out front. Owner started cleaning this unit up, painting, removed the old carpet, and ran out of money. You...
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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))
  If you have been following my blog you already know that Kailua Kona sales have been steadily increasing for 10 months straight now - in fact many of these months, home sales have actually been better than 2009, 2008, 2007, and 2006. And from a personal standpoint - only 1 of the 16 sales I have closed in the past 12 months took advantage of the Tax Credit, so don't believe the hype that- this was the fuel for the fire.  I believe we have actually turned around, as far as the numbers of sales go. Now as far as median prices go - we are still declining - not near as fast though - in fact, if you read the sales report you will see that Home prices increased by almost 10% last month - but don't believe what you see  - we had huge inventory of high end properties sell in February. In fact...
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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))
Lance Owens | Aloha Kona Realty Inc | lance@konahometeam.com | 808-936-8383 76-6305 HAKU PL, Kailua Kona, Hi, HI Legal Ohana Area - Great Ocean Views 3BR/3BA Multi-Family, 2 units offered at $399,999 Year Built 1985 Sq Footage 1,728 Bedrooms 3 Bathrooms 3 full, 0 partial Floors 1 Parking 2 Car garage Lot Size 7,869 sqft HOA/Maint $0 per month DESCRIPTION Central location - in the heart of Kailua Kona, in a Cul-de-Sac. This 2 bedroom, 2 bath main home, with an office that could be converted to a 3rd bedroom has ocean views from just about every room in the house, huge lanai with an outdoor kitchen area. I had to see 5,6 whales while I was there signing the listing agreement - the photos do not do justice to how good the views are. Big BONUS is the permitted Cottage (Ohana) behind the ho...
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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))
Its not even the end of the month yet,  and we have already surpassed last years numbers - in fact Condo Sales are off the chart - over 162% from last years sales. In fact we are already ahead of 2008 and 2007. We even stand a chance of catching up to 2006 numbers !  Kona is doing great. Stay tuned for the entire report at the begining of March and for all the previous reports log onto my website and click on the - Market Reports - tab you see on the left. www.KonaHomeTeam.com In the meantime take a look at why the numbers are off the charts, here is a 3 bedroom, 3 bath, 2 story, luxury Condo with awesome ocean views - over 1700sqft of living area plus a garage! Listed at $399,000   Aloha, and have a great day   Lance Owens (RS) (808) 936-8383 Lance@KonaHomeTeam.com www.KonaHomeTeam.com...
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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))
Kailua Kona Real Estate has a secret little area known as Kamani Trees. Dont laugh when I say this, but this little community has streetlights, sidewalks, underground utitlities, and trash pickup! If you have spent anytime looking for homes in Kona, you will know that there is no county trash pickup, and very few communities with sidewalks and street lights! Another good thing is its central location, above Alii Drive, Below the Highway, just off of Lako street - you are about 1,000 feet from the ocean.  Anyways, take alook at some of these deals   Copyright 2/13/2010 by Hawaii Information Service    Search criteria: TMK Taxkey 3-7-6-25. MLS Status Active OR Contingent   VE $229,000 Res-Condo  MLS #232045  Active DOM:0 3-7-6-25-30-2  Fee simple 76-256 KANAKA ST Kamani Tree 2 Bed, 2.00 B...
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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))
Anybody that's been to Kailua Kona, knows which restaurant I am talking about. Probably the only Wendy's or let alone any fast food joint, with a million dollar view, in fact the view is so good, it is written up in many tour guides. It is actually in the Keauhou area of Kailua Kona, sitting high above everything, with endless views of the Ocean. It was sad, one day they just locked the place up, put up a chain across the driveway, and we never heard anything else since then? Turns out that it was so hard, and expensive to find good help, the owner found it cheaper to just close the doors! That had to be about 3-4 years ago? So the good news is that it will be reopening up as a Sam Choy's restaurant - that's actually great news! Sam Choy is a local chef that actually used to have a rest...
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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))
Kailua Kona, more specifically - North Kona Home sales - Rocked for the last part of 2009, if fact they were so good they out did the 4th quarter for 2008, 2007, and 2006. 3rd quarter held its own also - I don't have the numbers in front of me, but pretty much the last 9 months  of last year were steady uphill climb. So does this mean its over? - My crystal ball is over at the crystal ball repair shop right now, so I am going to have to go this one alone - but my guess is - Supply and Demand - with sales steadily rising, it should start turning around - SLOWLY - at least I hope so - I think we learned enough from this recession/more like depression we have been going through to realize that homes don't double in value every 3 years - Man was that crazy or what? I believe we have seen th...
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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))
 Bank Approved Price - buyer waited 7 months for this answer - and gave up 3 weeks ago . Now we have approval - and until friday to bring in a new buyer !!! Centrally located on Palani road, just above Taco Bell, this unit has a nice Ocean View! Your only 1,600 feet from the Kailua Pier, and the start/finish line of the world famous - Ford Ironman Race - in Kailua Kona. Also within a couple of thousand feet from banking, shopping, pharmacy, restaurants, Walmart, and Safeway. LH - means leasehold - the land is leasehold and the lease expires in 2034. Leasehold fees $90. a monthMaintenance Fees $491.00 a month   View more photos of this property at: http://KonaHomeTeam.com - Click on Featured Listings to the left and they are sorted by price. http://KonaForeclosures.com - Click here to s...
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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))
Rise up to distinctive estate living in Kona Heavens! This fine 2BR/2BA property has separate "hales" for the main residence, carport and garage/workshop, not to mention the large lap-pool with its spacious apron, additional parking bays and well-landscaped full acre of land. The Great Room allows easy circulation of air, light and people under its very high raised ceiling. The kitchen has seen $20,000 of recent renovation. The spacious bedrooms have high pitched ceilings and great closet space. You'll enjoy the large master bath with its luxurious fittings. Enjoy a soak in the two person tub and contemplate the impressive floral stained-glass window. Your spacious, 366 sq ft, fully-screened lanai extends across the entire west side of the main residence "hale". There's lots of solid oa...
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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 hate to do this you guys, but I see all that snow on TV and just thank god its you and not me :) Here is our weather report for the day  TodaySunnyHi 80 ° Monthly averages & records °F | °C MonthAverage lowAverage highAverage precipRecord lowRecord high January 66° 82° 3.24 in 44° (1998) 90° (1984) February 67° 82° 1.97 in 48° (1959) 90° (1981) March 68° 82° 2.36 in 48° (1997) 91° (1983) April 69° 83° 1.83 in 22° (2003) 90° (1986) May 71° 85° 1.93 in 48° (2004) 93° (2002) June 72° 86° 1.82 in 6° (2008) 92° (1986) July 73° 87° 1.48 in 58° (1959) 93° (1986) August 74° 88° 1.62 in 47° (1959) 95° (1989) September 73° 88° 1.71 in 58° (1959) 94° (1987) October 72° 87° 2.01 in 58° (1959) 97° (2000) November 70° 85° 2.23 in 17° (2007) 93° (2001) December 68° 82° 2.87 in 52° (1962) 93° (1958) ...
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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))
If your looking to buy Real Estate in West Hawaii, you need to know the truth about the market here. For some God unknown reason - West Hawaii Today newspare - has seen fit to paint our real estate market as grim as grim can be. I have sent emails, I have written to voice my opinion, I have asked for at least acknowledgement from them that they have recieved my emails - They choose to put their head in the sand and hope I go away? Here are some straight facts Fact - Yesterday Hualalai Resort announced it had set its BEST month EVER, in their 13 year history - BEST EVER, despite this economy!!! Fact - Kona Home Sales as of the November 16th - have mathced last years sales for the entire month ! Fact - October Home Sales in Kona, outsold, 2008, outsold 2007, outsold 2006, in fact you have...
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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 real issue when our local news paper - WEST HAWAII TODAY - prints such a negative report about sales in our community. If you can imagine a respected newspaper, going to an agent, one that has a total sales count here in Hawaii (Big Island)  of 3, thats right THREE SALES. And quotes him throughout the article for reference points! Thats just not RIGHT ! So what do you do? You write an article here on Activerain, you guys have such a huge force when it comes to search engine results, I just hope that the truth gets out. by the way I did write a letter to the editor - I will let you guess as to whether or not I heard back from him :) ??? Here is the letter, and post I did on cragslist ! Island Real Estate continues to DECLINE!!! Please - West Hawaii Today, verify your facts befor...
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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))
West Hawaii, more specifically the Kailua Kona area has seen a 63% increase over last Octobers sales - on Single Family Homes. This doesn't appear to be some blip on the horizon, at least not from where I sit. We have 7 months in row now that have at least met, actually 6 have exceeded, last years sales . This is great news for both Buyers and Sellers, here's why. Sellers: Great News, the buyers are back, and they are opening up their wallets! (sales up 63%) Buyers: Great News, nice selection of inventory, and as a general rule of thumb we are back at 2003 prices (prices down by 9% from last October) For the complete report, visit my website below and click on the tab to the left - MLS Market Reports - Aloha, and have a great day   Lance Owens (RS) (808) 936-8383 Lance@KonaHomeTeam.com ...
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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))
What do you do when the only news paper in town - West Hawaii Today - splashes across its headlines Island Real Estate continues to DECLINE!!! Please - West Hawaii Today, verify your facts before printing such negative material.Myth: 651 Single Family Homes for sale in North Kona (as reported)Fact: 364 Single Family Homes for sale in North Kona (as of 11/4/09) I follow this on a monthly basis and we average around 380 - 400 a month - so I have no idea where 651 comes from.Myth - North Kona Home Sales down <3%> !!! (as reported) Fact - North Kona Home Sales are up, year to date 4.67% and that still doesn't paint a clear picture because sales were at a standstill the first few months of this year.Fact - Sales for the last 7 months straight,  have been either equal to or exceeded last year...
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After 30 years of marriage, there is one thing my husband, Mark, definitely knows and understands about me and that's my love of chocolate!  He just got back from spending 12 days in Hawaii and guess what he brought back - a box of gourmet chocolates from Kona Hawaii!  Man oh man, are they good!  I'm trying so hard to be good and just eat one a day but it sure is difficult.  He also brought home a box of chocolate covered macadamia nuts.  I've had those before from Hawaii and I already know they are awesome.  Once the box gets opened up, they will be gone quickly.  Now, Jess' love is coffee so she was treated to Hawaiian coffee beans.  I'm not a coffee drinker but it sure smells delicious when it is brewing. Since Mark is a pilot, he travels quite a bit all around the world.  Unfortunat...
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By John Petrella
(Local Hawaii Real Estate)
There are 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 North Kona Home Sales on the Big Island of Hawaii. The data are over the last 5 years, starting with September 2004 and ending in September 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 mark which identifie...
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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 all Many people have asked this question over the last 2 months, and this is a blog that has been kind of hard to write! Back in July I received a call from my mother - dad has had a bad fall and broke his hip. Don't ask me why - but my gut told me this was it - somehow you just know these things. So he went in for a routine operation, actually came out of it OK, walked a few feet the next day, but on day 2, he fell into a ??? I don't know, it wasn't a code, but he had to be put on life support. Mom actually called me when they were hooking everything up. My big question - was why - why are we hooking all this up? I asked her to stop. She actually took it pretty good, but told me to call my brothers and get their blessings also. We all agreed and made the decision to remove everyt...
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By John Petrella
(Local Hawaii Real Estate)
There are 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 North Kona Land Sales on the Big Island of Hawaii. The data are over the last 5 years, starting with August 2004 and ending in August 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 mark which identifies a re...
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By Beth Thoma Robinson, R(B) SFR - Hawaii Island Luxury Resort Real Estate
(Hawaii Life Real Estate Brokers Big Island)
The ocean-view apartments at the Regency at Hualalai in downtown Kailua Kona are not properties for sale.  And aside from the fact that my mother lives there, I am surprised at how often I end up talking with my clients about our local continuing care retirement community, the Regency, and its wonderful independent and assisted living facilities. Most of what I sell are resort and second home properties, along with ranches and acreages for active retirees to build their dream homes.  Unlike most real estate agents who are always being asked questions about the local schools, I find myself answering questions for my "sandwich generation" clients about the options for bringing their aging parents with them when they move. By the way, Hualalai is the name of the dormant volcano rising up a...
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By John Petrella
(Local Hawaii Real Estate)
There are 9 Real Estate districts on the Big Island of Hawaii. (Click here to view a map that shows the location of each 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 June 2004 and ending in June 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 mark which identifies a ...
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