As we enter the 3rd Quarter of 2017 in the middle of our summer sales season, I thought it would be helpful to assess the positive market trends so far for the State and island of Hawaii and the US for 2017. Below is a synopsis of some helpful statistics I gathered from the States largest escrow company-Title Guaranty, Corelogic and our Multiple Listing Service-Hawaii Information Service. The stats indicate a general positive trend with +6% average value increase nationwide-Year over Year-and for most areas of the State of Hawaii. For particular note, these stats show an above average, positive result for my particular market area: South Kohala Resort District: +15.51% Increase in median sales price of single family homes YTD 2017 vs. YTD 2016 South Kohala Resort District. +18.03% Increase in the total number of condominium homes sold YTD 2017 vs. YTD 2016 South Kohala Resort District. +15.61% Increase in median sales price of condominium homes YTD 2017 vs. YTD 2016 South Kohala Resort District. Again and importantl...

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Lau Le’a at Mauna Lani has just closed on the first 3 units in their community after almost 24 months of civil work and vertical construction of their product. Lau Le’a at Mauna Lani features detached and two story duplex plans that all include a small pool and spa. The detached units all face the ocean and feature ocean views over the fairway of the hole #1 of the Mauna Lani South Course. Lau Le’a at Mauna Lani offers the quality and low density the Mauna Lani Resort is known for in the past, raising the bar for the next wave of development within the resort. Quality finishes with a modern, tropical, esthetic accentuate the fine finishes including mahogany cabinets and trim, natural stone floors and luxury appliances and fixtures. -Click here to view Lai Lea’s floorpans and renderings. -Click here to see Lai Lea’s interior finishes. -Click here to view the current inventory in Lai Le’a at Mauna Lani. -Click here to view the Lai Lea site plan. -According to the developer’s website and developer’s rep...

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Mauna Lani Bay Hotel, golf course and other real estate assets sells to new owner-first time in 35 years!! The Mauna Lani Bay Hotel, golf course, racket club, greeting center and 1000+ plus acres of undeveloped land adjacent to the resort have sold.  The Tokyu Corporation via several entities owned these assets and are the original developer of the entire 3000+ acre resort.  Click here to Search Mauna Lani properties. This is the press release by the Tokyu Corporation from May 13, 2017: KOHALA COAST, HAWAII - Mauna Lani Resort (Operation), Inc., subsidiary of Tokyu Corporation, today announced the transfer of ownership of its Mauna Lani holdings, comprised of the legendary Mauna Lani Bay Hotel & Bungalows, the Francis H. Ii Brown Golf Courses and other assets including undeveloped land and facilities. The new owner is DHL Mahi Associates LLC, an affiliate of ProspectHill Group - a California-based real estate operating company with a history of successful resort development in the Hawaiian Islands. "While Tokyu Corpora...

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As we exit the 2016/2017 Winter/Spring, high season for real estate sales, I thought it would be helpful to assess the positive market trends for 2016/2017/2018.  Here is a synopsis of some helpful statistics I gathered from Title Guaranty, Corelogic and the Hawaii Information Service (Multiple Listing Service).  Please scroll down or click the links for more detail.  If you would like a more detailed analysis of your community and or your particular property please click here to contact me! Title Guaranty reports Canadians comprise the most foreign buyers to the Big Island even though buyers from Japan purchase the most properties statewide.  The positive news regarding Canadian purchases is despite their currency woes and low prices for their energy products.  Seems as though a few Canadians are unaffected or the lure of Hawaii from the cold north is too hard to resist. Corelogic reports a +7.1% average home price increase for first quarter 2017 compared to 2016 for the entire USA.  They also report +62 consecutive posit...

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Top U.S. and Foreign Buyers of Hawaii Property (PDF) | Top Buyers by Region (PDF) Canadians and Japanese buyers continue to rank as the top 2 foreign buyers of Hawaii Island and statewide properties.  Despite the current Canadian currency devaluation against the American dollar, Canadians continue to purchase property primarily in the South Kohala resorts.  Japanese buyers follow a similar pattern purchasing in South Kohala and extending their geographic buying pattern to Kona.  Japanese buyers purchased fewer properties than the Canadians but the dollar volume of their purchases were almost 100% higher therefore the purchase price of each property was higher. Californians continue to dominate our mainland buyers followed by fellow west coast states Washington and Oregon.  Texas and Florida buyers were also purchasing properties in the vibrant Hilo, Puna and Kau districts where unit volume was the highest in 2016 for Hawaii Island.  Thanks to Title Guaranty for great graphics and stats.

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Hawaii island showed strong growth in both unit and sales volume with West Hawaii luxury homes driven by strong sales in new inventory at the new Kohanaiki Golf and Ocean Club community near the Kona-Keahole airport. Click here for more Kohanaiki information. Pacific Business News reports, “Kohanaiki finished the holidays with just over $30 million in sales with another $12 million currently in negotiation, and also completed a $65 million clubhouse designed by architect Shay Zak of Zak Architecture. The 67,000 square-foot space includes a cigar lounge with a poker table and scotch bar, a collection of more than 200 artworks and artifacts, a private brewery, a four-lane bowling alley, a 21-seat movie theater and a holistic spa designed by Tracy Lee.”  “California-based IHP Capital Partners Inc. and Kennedy Wilson, Inc. developed the 500-home project, which was halted in 2008 due to the recession. The 450-acre, private residential community began sales in 2013.” Hawaii Island Experiences Positive Unit Sales Growth in ...

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Lissette and I have had the pleasure of knowing our client and their family for many years as they have spent an extended time living within the resort and on subsequent yearly vacations. We are very pleased to now have them as neighbors in their fabulous home in the exclusive 49 Black Sand Beach community. I negotiated a sales price on this Bank owned property that will allow my client to complete the needed renovations, which will make this spectacular estate property one of the best within the ocean front community. Many thanks again to our friends and clients for allowing us to represent them in this transaction and we wish them and their family many happy memories spent enjoying their home and the ocean views and activities at Honokoape Bay. Search 49 Black Sand Beach at Mauna Lani: Homes | Land

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Lissette and my long time friends and neighbors at The Villages recently decided to upgrade their home to a free standing, golf course front, Kahili floor plan complete with a pool and spa-unit 429. Additionally, I was able to negotiate the sale of their other Villages property-221 and close both properties simultaneously. Many thanks to our friends for their trust and support of our business. We know that they will enjoy their new home with friends and family for many years to come. Click here to search Villages at Mauna Lani properties

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For Immediate Release This property sold in our new development Nohea at Mauna Lani recently as one of 2 speculative homes the developer designed with our team.  The buyer and his family from Alaska will enjoy the golf course front location including the luxury pool, spa and outdoor living space this home includes. The home features incredible finishes and furnishings. Hand plastered walls accentuate the rich mahogany trim, doors and cabinetry. Three Timberframe structures accentuate the hand hewn craftsmanship of every detail. Sliding doors open to views of the Mauna Lani golf course and vistas beyond. Just steps to the ocean and Mauna Lani Bay Hotel. Chef's kitchen with gas appliances, Sub Zero refrigeration, Miele coffee center and more. Detached guest suite for the ultimate in privacy. Travertine floors throughout. Nohea offers right sized home sites with views to golf fairways and the majestic Mauna Kea Mountain beyond- all cooled by pacific breezes and lulled by sounds of the ocean not far away. Uniquely positioned...

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This property sold in our new development Nohea at Mauna Lani recently as one of 2 speculative homes the developer designed with our team. The family from Pennsylvania will enjoy many warm winters enjoying the incredible view of the 4th fairway of the Mauna Lani North golf course and listening to the sound of the breaking waves found nearby. The home features incredible finishes and furnishings. Hand plastered walls accentuate the rich mahogany trim, doors and cabinetry. Sliding doors open to views of the Mauna Lani golf course and vistas beyond. Just steps to the ocean and Mauna Lani Bay Hotel. Chef’s kitchen with gas appliances, Sub Zero refrigeration, Miele coffee center and more. Detached guest suite for the ultimate in privacy. Travertine floors throughout. Nohea offers right sized home sites with views to golf fairways and the majestic Mauna Kea Mountain beyond- all cooled by pacific breezes and lulled by sounds of the ocean not far away. Uniquely positioned within the heart of the Resort, Nohea is walking distance...

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