The Island of Hawaii real estate market continues to churn out sales and listings overall.  Call me for a more in-depth of analysis of your particular property. Summary Report: Island Wide The month of July, 2020 and first 7 months of 2020, year to date figures were generally positive for home and condo values. Condominium median sales prices for the month of July 2020 compared to July 2019 were down just -0.76% for Condos and -5.33% for Homes. For the first 7 months of 2020, Year over year, median sales prices, island wide, were down just -4.41%, for Condos, up +2.64% for Homes and down -21.88 % for Land. North Kona The month of July, 2020 sales volume was positive 21.71% but it was a single month “bright spot” as total sales volume and units declined. The first 7 months of 2020 produced -25.64% less unit sales in all categories and -29.79% less sales volume. As in the South Kohala district reduced inventory and plenty of buyers produced higher median prices for the month of July,2020 and the first 7 months of 2020. S...

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The real estate world on the Big Island continues to consolidate and my firm Clark Realty is in the middle of the shuffle as well as us agents associated with the firm. Locations, who bought the firm from the founding family of Putty Clark a year or so ago was re-sold to Coldwell Banker Island Properties we were informed today. The same firm purchased Coldwell Banker Maryl Realty several years ago, so I am assuming we will consolidate with their agents. Our firm is the largest by sales volume on the island with 4 offices. I would assume little will change other than our president Frank Goodale announced he was retiring-we will all miss him! Frank is a straight up guy with business ethics at the forefront of all decisions I’ve observed. I’m a “rules” guy myself amongst a sea of shifting ethics at times that can be challenging. All the best Frank-thank you for the guidance and support over the years!! This is part of Frank’s email today to us agents and staff: It is also my privilege and pleasure to announce that Locati...

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I just put into escrow this beautifully furnished four-bedroom, "Honua B/Plan 6" floor plan in Ka Milo at Mauna Lani. This is one of only six built of this 4 bedroom plan at KaMilo. Quality features include dual master suites with the additional master bedroom suite upstairs. Enjoy it's proximity to the best recreation center in the Mauna Lani Resort. This home is being sold turn-key and furnished for vacation rental. 2019 gross vacation rental income was $85,000.00. The four bedrooms, 3.5 baths, paired-home includes luxury finishes and an open floor plan with dramatic vaulted ceilings. The chef's kitchen includes Thermador appliances and cabinetry plus, granite countertops, and a large island and wine refrigerator. Both guest bedrooms have access to a private courtyard area. The master suites boast individual lanais, a large walk-in closet, dual sink vanity, soaking tub, walk-in shower, and plenty of space. Don't miss the views toward Mauna Kea and Mauna Loa over a lush greenbelt from the covered lanai. The luxury BBQ affords...

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The Hawaii County Council recently passed a new budget targeting “luxury real estate” valued at $2 million+. Most of these properties are located along the west side of the island near Kona and within the Kohala Coast Resorts. The County approved a budget and tax scheme raising taxes on secondary homes on the additional value, that exceeds $2 million, approximately 18.38% or $13.60 per $1000 in value. The first $2m will be taxed at the same rate as last year or $11.10 per $1000 in value. No additional taxes were passed for all other classifications even though gross taxes could increase as the County’s Tax Valuations continue to climb upward. As an example, annual taxes on a $10 million home will increase by $20,000 to $131,000. Source: Hawaii County Real Property Tax Office website.

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The May 2020 real estate sales market showed the full effect of the Covid-19 virus pandemic on Hawaii Island real estate sales and the positive June stats show the recovery off the May bottom. This is primarily because May closed sales were booked in March and April after the shelter in place, 14-day visitor quarantine and Short Term Vacation Rental ban were all in place. All negative for buyer and seller psychology. The June sales show the effects of multiple positive developments including the State’s lifting of local inter-island travel restrictions without quarantine and the announcement that as of August 1, out of State travel would be allowed without 14-day quarantine with a negative Covid-19 test within 72 hours of arrival. These positive developments didn’t change the low inventory numbers but it does have an effect on buyer behavior I believe. I put Kulalani at Mauna Lani into escrow yesterday and had 4 contracts submitted on KaMilo at Mauna Lani 214 all within the last week. None of the contracts were successfully ne...

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68-1118 North Kaniku Dr, Waimea, HI 96743 MLS# 635900 I just put into escrow one of the best values in condominium ownership within the Mauna Lani Resort at Kulalani at Mauna Lani #1902 listed for $899k. This home is offered fully furnished/turnkey with a successful vacation rental history. The floor plan offers over 2000 square feet of fabulous open, and private, luxury living with great garden views. This unit is located within a 4-plex building that offers spacious 2-car garages. The front entry experience includes a private courtyard which leads into a two story foyer that features a spiral staircase. This space is filled with light from the upper floor, clear story windows that pierces the lower level living and dining rooms. The ground floor master bedroom includes an on-suite bath with a jetted tub and separate tiled shower, walk-in closet and 10' ceilings. Two guest suites are located upstairs with their own private bathroom. Surfaces and kitchen features include granite countertops, tiled floors, GE built-...

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Our Nohea at Mauna Lani homes features Weyerhaeuser's Trus Joist Timberstrand LSL Framing lumber throughout all structures and their interior and exterior walls. Some builders use Timberstrand engineered lumber in kitchens and baths where cabinetry, fixtures, and tiles must adhere to straight and true framing. We use it throughout the house to ensure the best builders' quality. When buyers are spending millions on their Nohea dream home filled with tall walls, open spaces, and filled primarily with exterior windows and sliding doors, it's essential that the walls are straight, durable, and true and will remain so. Whether it's assuring cabinets hang straight or multistory windows or sliding doors work smoothly without losing their seals due to shifting wall structures, Timberstrand is the right material for the job. We start with straight walls and avoid the hassles caused by warped studs that are often reflected on the drywall and exterior stucco when new and into the future. TimberStrand LSL used throughout our Nohea at Mau...

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Inspire Roofing Partners with Nohea at Mauna Lani We use Inspire® by Boral® Slate for our homes at Nohea due to it’s authenticity, beauty, and quality. Inspire® slate provides the industry’s finest artistry through natural textures and unique color palettes that enhance our homes unique and beautiful attributes. Inspire slate brings authentic textures and hues, crisp edges, and defined details which bring sublime beauty to every home. Crafted using molds cast from the finest natural materials; Inspire® delivers the rich and stunning aesthetics of authentic hand-cut slate or the warmth of genuine hand-split cedar shakes, without the weight or cost. Lightweight which reduces underlying framing Low Maintenance-safe to walk on for Solar installation Class 4 Hail Rated 110 Wind Resistant Class A Fire Rated Limited Lifetime Warranty Nohea offers owners a unique opportunity to purchase their dream home within the award winning Mauna Lani Resort. Nohea’s Luxury resort homes offer modern floor plans and feat...

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The May 2020 real estate sales market showed the full effect of of the Covid-19 virus pandemic on Hawaii island real estate sales. This is primarily because May closed sales were booked in March and April after the shelter in place, 14-day visitor quarantine and Short Term Vacation Rental ban were all in place. I will continue to monitor the effects and report on the number of units in escrow and closed sales as we go forward and update July 1. Values at this point have remained steady as new listings are few, indicating sellers are reluctant to list in the middle of the current negative quarantine conditions, which is positive for values as few listings keep our available inventory low. The number of Sales have declined faster than the decline in the number of new listings coming on the market so in some areas and classes of real estate, the average sold price has actually increased. As restrictions on Short Term Vacation Rentals, 14-Day Mandatory Quarantine for new arrivals and flights to Hawaii are restored-sales should cont...

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The March 2020 real estate sales market remained primarily unchanged Year over Year for Hawaii Island for March 2019 vs. March 2020. This is primarily because sales were booked in January and February as the coved-19 pandemic was developing. April 2020 sales reflect the COVID-19 effect clearly as these stats reflect Buyer’s actions in February and March 2020 as flights were cancelled and quarantine mandates were implemented which diminished visitors to the island. I will continue to monitor the effects and report on the number of units in escrow and closed sales as we go forward and update June 1. It’s too early to tell how these declines will effect values at this point as new listings are few, indicating sellers are reluctant to list, which is positive for values as few listings keep our available inventory low. As restrictions on Short Term Vacation Rentals, 14-Day Mandatory Quarantine for new arrivals and flights to Hawaii are restored-sales should continue. Let’s hope this happens sooner than later. The chart b...

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