The Hawaii Island real estate sales market was boiling January through April and has now boiled “dry” with no water left in the pot. Pending sales are stalled due to the lack of inventory for all classes of real estate except land and developed lots. The year-over-year statistics do not reveal much since the few sales we had in June of 2020 were “sight unseen” or “local” buyers due to the COVID travel lockdown. The most revealing statistics comprise a comparison between 2021 and 2019 sales for June and year to date. In June of 2019, 424 closed sales of all real estate classes and 2500 total sales year to date. In 2021 there were 733 closed sales and 4060 total sales year to date. That’s a 70% increase in total units sold island-wide year to date compared to 2019. The hottest market is for single-family homes on the East and south side of the island, where prices are lower. Single-family homes in the Kona market are doing very well also. Check out the links to the Hawaii Information Service Statistics for your area of int...

Filed under: Real Estate by Rick Oliver
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The ponds at Makaiwa Bay-Makaha Maintenance and Renewal One early morning last week, on our early morning walk-and-talk, we noticed Oscar and crew disassembling the water sluiceways used to regulate fish and water flow in and out of the oceanfront pond at Makaiwa Bay. It was a super low tide caused by the Summer solstice event on June 20th, producing very high tides and super-low water levels on low tide. I can only suppose that the crew's morning cleaning and renovation activities were planned for this low-tide event, evidenced by the numerous and rarely exposed rocks, making it easier to remove the wooden poles and small boulders that compose the Makaha. These Makaha are natural filters that regulate the fish size and water that surge gently through these gaps in the fish pond wall. The primary Makaha has a secondary, perforated gate between this natural sieve of sticks and boulders and the pond itself. This gate is 15' away or so and can be raised and lowered using a rope and pulley, creating an area just behind the sea wall ...

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Sunset Ridge 3-Car Garage End Of Cul-De-Sac 1800 plus s.f. Hurry to see the largest, single Level plan in the newer section of Sunset Ridge. This home is located at the end of the cul-de-sac, and features heavy landscaping and rock walls. There is plenty of storage for cars and toys in the 3-car attached garage. Upgrades include Central air conditioning, completely insulated, and stainless steel, kitchen appliances. The home has never been rented by the current owner and has been rarely used in last 2-3 years. The left side and rear yard, behind the garage, offer plenty of room for expanding the landscape or for a pet area. The great-room plan allows for views to the landscaped back yard and 3 possible eating areas surrounding the kitchen including a breakfast bar and nook plus a dining room. Outdoor living and dining are easily accessible from the great room or the master bedroom. The guest bedrooms are large enough for queen and king sized beds and have wall closets for plenty of storage. The laundry room features a work...

Filed under: Blog, New Listings, Real Estate by Rick Oliver
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I just put into escrow this stunning, private, 5-acre, gentleman's estate is tucked away and bordered on one side by a seasonal stream in a forested setting. The property includes a mature landscape of organic fruit orchard, banana grove, blessed with a healthy strand of red flowering lehua ohia, and a large stocked pond, providing a relaxed, peaceful environment. The property is conveniently located to both the Historic Plantation town of Honokaa, 3 miles away and all the amenities of Waimea 10 miles away. The 2,714 sf plantation-style primary residence features two master suites with hardwood flooring and quartzite stone ensuites, both of which have french doors leading out to the 12 ft deep wrap-around lanai- indeed lending itself to indoor/outdoor living. The home has 20 ft open beam wood ceilings, eight skylights providing natural lighting, and a real cooks kitchen, with DeWills, soft-close, cherry wood cabinetry. The great room features a dining room with a built-in wet bar, wine fridge, along with the added ambiance of a wo...

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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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I just put into escrow for one of my buyer clients Kohala Ranch Lot 100. This 3-acre lot in The Heathers section of Kohala Ranch offers an existing curb cut and driveway grading onto a level building pad. The buyer and I are both in the development and building business and recognized quickly the advantages and potential reduced costs and time this lot had to offer relative to site work. It's one thing to buy a lot or acreage. It's a whole other set of expenses and engineering to build a house on the land, as the total cost of land plus civil engineering and grading expenses can be prohibitive. In this case, the existing grading allows a short driveway and an easily buildable, flat, and large house site. The utilities also have a short run from the roadway, which also reduces costs for the power, cable, and water line. Wastewater for all Kohala Ranch lots is an on-site septic system, so the engineering for this system will need further study. Sales of land and developed lots are now starting to pick up as homes and condos, espec...

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I just listed this fully renovated (2018) spacious 2-bedroom villa with a great view to the golf course and Mauna Kea. Check out the photos. The kitchen includes custom ca#binets, counter tops and appliances. Bathroom additions include new tile floors, plumbing fixtures, cabinets and hardware. Sold with luxurious furnishings with few owner exceptions. Mauna Lani Point owners enjoy their private rec center including a lagoon pool and BBQ area. Mauna Lani Point owners or guests can walk to the Beach Club at Makaiwa Bay in minutes, and easily enjoy paddle boarding, snorkeling and swimming activities. Owners may obtain an Advantage Card through the Auberge Hotel which offers discounted golf at the 2-Mauna Lani golf courses and other incentives and offerings. This Villa is offered fully furnished for $1 ,099,000.00. Click here for more Mauna Lani Point listings

Filed under: Real Estate, Significant Sales by Rick Oliver
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Nohea at Mauna Lani Lot 25 is Under Contract!! We just put this Nohea offering in escrow for one of our existing clients that believe, like ourselves, that Mauna Lani offers one of the best values along the Kohala Coast. We've had lots of traffic on our Nohea homes with many compliments regarding the floor plans, furnishings, finishes and fixtures. This home is Bali Modern themed and furnished with items that accentuate the cabinetry, trim, wall coverings and finishes. The cabinetry, elaborate hardwood trim, hardwood floors and hand troweled, Old World stucco exteriors are unusual for this market. Lush landscaping is also included featuring a grass and paver driveway which adds more "green" scape where you would expect hard surfaces. Nohea at Mauna Lani Each home features a double courtyard plan allowing maximum light and air distribution throughout the home including the guest suites. The main living area features sliding pocketing doors that open to a large lanai and pool with 6 person, jetted spa. The master suite inclu...

Filed under: Blog, Kohala Coast Luxury Resorts, Real Estate, Significant Sales by Rick Oliver
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Hawaii Information Service Statistics-Kohala Coast Resort Market Click Here for full report March 2021 vs 2020 Consolidated Statistics Island of Hawaii: Unit Volume Listings Sales   Homes +20% +25% Condos +20% +100% Land +16% +45% Hawaii Information Service-Total Active Listings as of 5.10.21: Resort Homes Land Condominiums Mauna Kea 5 11 0 Mauna Lani 3 4 2 Waikoloa Beach Resort 3 1 10 Total 11 16 12 Corelogic Report Highlights Corelogic March 2021 Historic Data Comparison Home Price Insights - CoreLogic -Home prices nationwide, including distressed sales, increased year over year by 11.3% in March 2021 compared with March 2020 and increased month over month by 2% in March 2021 compared with February 2021 (revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results). -The CoreLogic HPI Forecast indicates that home prices will increase...

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I just SOLD to the former owner of Halii Kai 24F, a 2-bedroom/2.5 Bathroom property at Fairways at Mauna Lani.  This floor plan features 2 bedroom suites upstairs with a spacious living area, dining room and kitchen downstairs.  Additionally, there is a full size laundry room and attached 1-car garage.  All buildings in The Fairways are 6-plex featuring 2 of each of the 3 different floorplans offered within the community.  This unit faces the 4th fairway of the Mauna Lani North Golf course and has incredible views and privacy.  The upstairs and downstairs lanai offer views and privacy plus an outdoor kitchen featuring a luxury BBQ within the outdoor kitchen. This on got away but find more on my website by searching here!

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