When comparing the first 9 months of 2020 and 2021 one has to consider that 2020 was a lockdown year and 2021 has seen explosive market conditions. A Better comparison is probably to the 2019 real estate market but for simplicity sake, here are some “fun facts” comparing September of 2020 vs. 2021 year to date. Watch the full video for more interesting stats! The market for Big Island condominiums continues to be strong with prices up island wide from a sales price average of $410,000.00 in September 2020 to $488,750 currently. Average Single Family home prices have escalated from $370k to $499,500 as inventory has lower priced inventory have been absorbed and possibly newer and more expensive homes have become the only options at higher prices. The number of land transactions also increased island wide, from 175 to 224 in September 2021. There were 107 condominium transactions in September 2021 vs. 29 in 2020 probably due to travel restrictions to the island. The volume of single family home sales escalate...

Filed under: Blog, Kohala Coast Luxury Resorts, Newsletter, Real Estate by Rick Oliver
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In May 2021, the Big Island continued to experience major movement in total sales and median sales prices when compared to last year's market, with the single-family home price up 35% to $499,500 and the condo price up 38% to $439,000. Homes this month sold on average 41 days faster compared to May 2020, and vacant land inventory increased by 29% with 61 new listings available on the market compared to the month before. A video presentation of the May 2021 monthly stats is now available on YouTube. The video highlights total sales, median sales price, news listings, and days on market for single-family homes and condos island-wide for May 2021 compared to 2020.

Filed under: Blog, Newsletter, Real Estate by Rick Oliver
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Aloha Friends and Clients! The weather is exceptional, remaining in the mid-'80s, low humidity, and not rising into the '90s like years past at the start of summer. Noe, Susan, and I continue our morning swims, including one from Paniau at the end of Puako Road to Makaiwa Bay, where the Mauna Lani Beach Club is located. I never knew how deep the water was very near shore just north of The Orchid. We decided to go from the north to south direction in case of high winds. Sure enough, we were rewarded as the winds picked up, throwing rooster tails off the swell right when we entered Makaiwa Bay. It will be strange not to watch fireworks this weekend for the first time I can remember on July 4th. The Mayor and Governor have implemented purposeful closures of our nearby beach parks to prevent groups from gathering. That's the least of the inconveniences. We enjoy a virus and social unrest free environment here on the Big Island. We are very thankful and blessed we moved here to this isolated part of the world 20 years ago this mont...

Filed under: Newsletter by Rick Oliver
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Aloha Friends and Clients! It feels like the movie Groundhog Day here with constant sunshine, 81-degree temps, gentle trade-winds, and even fewer cars on the roads and people on the beaches. I continue my long-distance swims along the coast with Susan and Noe, which have provided some of the best ocean experiences I've had in my 20 years on the Big Island. The sea life is abundant, and the reef seems healthy with no signs of bleaching currently. Thankfully, my "shark fever" has wholly subsided after 3 months of only swimming in the ocean, allowing me to really enjoy the underwater scenery without constant anxiety pangs. On one of our morning walks through the resort and along the shoreline, I told Lissette that I had often wondered in the past what it would be like to live in our beautiful but isolated location without car traffic or the constant coming and going of tourists and owners. Well, the virus crises has provided a real-world insight, and I can tell you it's been great but, of course, unsustainable. Island "tourists...

Filed under: Newsletter by Rick Oliver
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