I just put into escrow Villages at Mauna Lani 217 for one of my buyer clients. We were the first to view the day it became available and the first offer. What happened next was the sign of the times. 6 offers or more came rolling in and everyone’s “highest and best” was countered to all offerees plus a price nearly $125,000.00 over the stated list. My clients offered that price and more and we were able to secure it for a quick closing in a week or so from now. Buyers now understand the value The Villages at Mauna Lani offer which has not always been the case. 5 years ago or so, Ka Milo units were selling for a higher dollar per square foot (+15%) even though they have a shared amenity center with Kulalani and are not as well appointed and do not offer large floor plans like The Villages. I attributed this to the fact that most of the KaMIlo sales were new, developer inventory where buyers will always pay a premium to be the first occupants. Traditionally, KaMilo’s Mahina plan (2400 SF) roughly sold for what the Villages Ma...

Filed under: Blog, Kohala Coast Luxury Resorts, Real Estate by Rick Oliver
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 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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I just SOLD, after 30 days on the market, 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 sink, full sized washer and dryer plu...

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I just CLOSED escrow on a GOLF COURSE FRONT townhome in the Fairways at Mauna Lani. The new owner is enjoying this Incredible golf course views from the Lanai, Living and Dining Room of the 4th Fairway of the Mauna Lani North Course. This well cared for property features 2-bedrooms and 2.5 Bathrooms with an attached 1-car garage, outdoor kitchen with BBQ, Laundry room with full size equipment and newer living room furnishings. All ceilings are 9'+ adding to this spacious floor plan. The Master bedroom includes an office or sitting room with it's own lanai over looking the golf course. Added extras include granite counter tops, stainless steel appliances, outdoor built in Viking BBQ, walk in closet and soaking tub. The Mauna Lani resort is a world-class, 3,200-acre oasis featuring 29 ocean front acres & two miles of secluded shoreline, 2 world class hotels, and the Shops at Mauna Lani. Owners enjoy a private, Beach Club at Makaiwa Bay for incredible snorkeling and beach activities. Additional amenities include two, 18-hole...

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The Federal Government via the National Marine Fisheries Service (NMFS), National Oceanic and Atmospheric Administration (NOAA), Department of Commerce have finally caught up to the “Swim With the Dolphins” industry. They passed strict regulations with these businesses in mind and pointedly wrote regulations to keep them from chasing dolphins during their resting period during the day. This final rule is effective October 28, 2021. Excerpt from the NOAA site: "The number of commercial operators engaged in wild dolphin viewing has grown dramatically in Hawai`i in recent years (O'Connor 2009, Impact Assessment 2018), putting new pressures on easily accessible groups of resting Hawaiian spinner dolphins. Wiener (2016) found that on the Wai`anae coast of O`ahu and the Kona coast of Hawai`i Island, 752,762 people are estimated to have participated in boat-based commercial dolphin tours annually in 2013, which is 632,762 more than a preliminary estimate conducted statewide in 2008 (O'Conner et al. 2009). Supporting this fi...

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 CoreLogic® reports the highest ever yearly price/value increase for all classes of real estate since they first started accumulating data in 1976, for the month of July 2021-18%.  Hawaii Island Real Estate continues the same trajectory.  See the stats highlighted below for emphasis.  I’ve always contended vacant land will be the last class of Real Estate to BOOM as buyers opt to build their dream homes versus buying a resale offering.  Our market is forcing the "Buy a lot and build a house"  option as there is very little speculative and resale home offerings being offered-see the stats highlighted in RED!  Fewer transactions tend to skew the monthly comparison stats but the Year Over Year stats tell the story!!! CONTACT ME TO LIST AND SELL YOUR PROPERTY QUICK!!!!!! Hawaii Information MLS Highlights: August 2020 VS August 2021 Transaction Stats Island Wide: 22.55% Increase in total number of transactions 33.86% Increase in Vacant Land transactions 38.46% Increase in Condominium transactions 9.13% ...

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Kulalani at Mauna Lani 1805 68-1118 North Kaniku Dr, Waimea, HI 96743 I sold Kulalani at Mauna Lani 1805 in January 2021 to my client. It was listed for $799k and sold for $750k. I just put the same unit into escrow to close in January 2022. The floor B-2 plan offers over 1900 square feet of fabulous open, and private, luxury living with great garden views. This unit is located within a 6-plex building that offers spacious 1-car garages. The front entry experience includes a private courtyard which leads you through a small foyer and into the main living area. This space is filled with views to the outdoor lanai and onto a manicured green space. 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-in appliances, bar counter and formal dining and a real cooks kitchen. The 263+ sq. ft. covered...

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I just listed then quickly put into escrow a GOLF COURSE FRONT townhome in the Fairways at Mauna Lani. The new owner will enjoy the Incredible course views from the Lanai, Living and Dining Room of the 4th Fairway of the Mauna Lani North Course. This well cared for property features 2 bedrooms and 2.5 Bathrooms with an attached 1-car garage, outdoor kitchen with BBQ, Laundry room with full size equipment and newer living room furnishings. All ceilings are 9'+ adding to this spacious floor plan. The Master bedroom includes an office or sitting room with it's own lanai over looking the golf course. Added extras include granite counter tops, stainless steel appliances, outdoor built in Viking BBQ, walk in closet and soaking tub. The Mauna Lani resort is a world-class, 3,200-acre oasis featuring 29 ocean front acres & two miles of secluded shoreline, 2 world class hotels, and the Shops at Mauna Lani. Owners enjoy a private, Beach Club at Makaiwa Bay for incredible snorkeling and beach activities. Additional amenities incl...

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I SOLD 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 included 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 wood stove. Adja...

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I just listed a GOLF COURSE FRONT townhome in the Fairways at Mauna Lani. Enjoy the Incredible course views from the Lanai, Living and Dining Room of the 4th Fairway of the Mauna Lani North Course. This well cared for property features 2 bedrooms and 2.5 Bathrooms with an attached 1-car garage, outdoor kitchen with BBQ, Laundry room with full size equipment and newer living room furnishings. All ceilings are 9'+ adding to this spacious floor plan. The Master bedroom includes an office or sitting room with it's own lanai over looking the golf course. Added extras include granite counter tops, stainless steel appliances, outdoor built in Viking BBQ, walk in closet and soaking tub. The Mauna Lani resort is a world-class, 3,200-acre oasis featuring 29 ocean front acres & two miles of secluded shoreline, 2 world class hotels, and the Shops at Mauna Lani. Owners enjoy a private, Beach Club at Makaiwa Bay for incredible snorkeling and beach activities. Additional amenities include two, 18-hole championship golf courses and members...

Filed under: Kohala Coast Luxury Resorts, New Listings, Real Estate by Rick Oliver
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