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Hawaii Real Estate News Blog

PS - I also have a YouTube channel with many informative videos about Hawaii, Maui and Real Estate. Check it Out Here https://www.youtube.com/user/hawaiirealestateorg

My family (Lisa my wife and 4 boys) and I have been living in the "Up-Country" of Hawaii for the past 2 1/2 years. We recently moved from 1200' feet in elevation to 3600' feet. It was time to really experience every aspect of Kula Maui Real Estate! It's REALLY amazing the difference! At 1000' feet it was something like Arizona...it rarely rained and it was a very dry climate. The temperature and bright sunny days are very similar to living at sea level, but just not as humid.

Kula Maui Real Estate 

 

Now living at 3600' feet, it reminds me sooo much of Colorado. The air is very crisp and clean and

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Do Your Research Before Buying a Condo in Hawaii.

Here are the twenty "areas of concern" that I would ask questions about

 before tendering an offer to purchase a vacation rental condo in Hawaii

1) What has been the NET income for the property the last 5 years? This would be AFTER paying the management fees (usually runs 20-50% of Gross Income) and GET (General Excise Tax), and TAT (Transient Accomodation Tax) all monthly HOA fees, Leasehold fees (if applicable - ie the property is NOT fee simple ownership) utilities, cleaning, supplies and miscellaneous repairs.

2) What is the occupancy rate for each month. This is the percentage the property is occupied versus sitting empty. How many nights did the owner/friends and family stay in the

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Wailele Ridge New Development Napili, Maui

wailele clubhouse maui real estate

We are excited to announce the exclusive release to Island Sotheby's International Realty's clients for Wailele Ridge. Mark your calendar for November 2, 2015! This is a new townhome development on the northern edge of Napili in West Maui.

This will be by lottery. Your name will be placed in a bowl, then we will randomly draw one name at a time and this will be your position to select a unit when we are ready to release. You must have pre-qualification letter or proof of cash funds prior to lottery. This lottery will be for the release of Phase 1 which will include 44 units in buildings 2, 3, 4, 5 ,6,17 and 18.

wailele townhome

 

 The first lottery drawing for Wailele Ridge Buyers will be November 2, 4:00-6:00

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Hawaii Farm and Ranch For Sale

It's rare when one of Hawaii's Largest Landowners decides to sell off! Most large land holdings in Hawaii are considered more than a precious heir loom and are passed on generation to generation. That's why if you DO see a large parcel come on the market, it is truly a golden opportunity to own a large chunk of paradise. But get ready. The price per acre can be astoundingly high. And many times without any income producing aspect at all! My favorite offerings include virgin koa forests, anything with ocean access and of course cattle country is the most appealing. Why? I guess it's the Paniolo heritage of the Aloha Cowboy and the unique setting of greener than green pastures, horses, cowboys and the dramatic Pacific Ocean

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Waimea Real Estate - Big Island of Hawaii

The story behind Waimea can be a little confusing. The name officially refers to the upland community on the Big Island of Hawaii. But there are also other communities on other Hawaiian islands that share the name. As if matters aren't confusing enough, the region is also known as Kamuela, if only by the post office so that they can distinguish this town from the other islands that have a Waimea. Despite all the confusion, the name has long been claimed by this amazing region of Waimea real estate that's surrounded by hills and trees so green it brings tears to the eye.

Waimea's has a diverse and strong populace. There are farmers and educators, ranchers and astronomers, clergy and health professionals,

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Hawaii Condominium Foreclosures, Bank Owned and Short Sales....

Still Going Strong?

Many people just assume that with the real estate market back in "full swing" that the foreclosure market in Hawaii is a thing of the past. Or maybe they think the deals are not as good, or the properties for sale are of poor quality. 

Not true.

The Best Deals on Condos in Hawaii, can still be found - new ones, everyday.

People still get into trouble. Most times those mortgage payments on that condo back in Hawaii are the first to stop getting paid.

If you are considering purchasing a condo in Hawaii - whether it be on Maui, Oahu, Big Island or Maui... why NOT check out all of the foreclosures, bank owned, and short sales first? (and monitor them weekly)

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Julia Roberts Kauai Home For Sale

Wake up in the morning, say hi to Mark Zuckerberg and Chuck Norris (your new neighbors!), catch a few waves in Hanalei Bay, and take in the views of multiple waterfalls! This could be your new reality when you purchase Julia Roberts Kauai ocean front estate (Previously known as the Feye Estate.) Julia purchased it for a reported $13.4M in 2011. If you've never been to Hanalei on the north shore of Kauai Hawaii, then your missing out on the probably the most picturesque setting in all of Hawaii. It literally will take you breath away. Not to mention the surfing in Hanalei Bay is totally epic and still relatively undiscovered. The bay itself is enormous and has many, many different breaks. Everything from body board

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Hawaii Real Estate for Sale 
Every Home over $10 Million

Never before have more high-end luxury homes and condos been on the market in Hawaii than in the 2015 $10M - $30M listing surge. All time record setting transactions are very likely to happen in the next 12-24 months with these mega mansions as the world's billionaire elite and who's who decide which slice of paradise is right for them. Neil Young's $24M Hawaii Estate on the Big Island is just one example. 

Bookmark this dynamic blog post which will immediately auto-update all new listings over $10M as they hit the market all over the State of Hawaii! Here is one of the few places on the web where you can access all of these luxury Hawaii Properties in one place from every island in Hawaii -

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The short answer?

"It" never gets old. 

Some people have asked me over the years..."Do you ever get island fever?" 

My response is always the same.."No, I actually get mainland fever!"

PS - I also have a YouTube channel with many informative videos about Hawaii, Maui and Real Estate. Check it Out Here https://www.youtube.com/user/hawaiirealestateorg

It really IS the raw beauty of Hawaii that makes it a such a special place to call home. And everything that you can DO with all the beauty in the background, foreground, and under your feet.

No, it's really true. You don't just 'get over it' after a few months (or years) and just go "oh yeah, that's just a perfect white sandy beach with crystal clear breaking waves and a 10,000 sheer foot

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Maui July 2015 Statistics Brief Maui Statistics Overview:

July's Sales Unit Volume – Residential sales rose significantly to 128 homes sold while Condominium sales declined slightly to 94 units sold. Land sales came in at 13 lots sold.

July's Median SALES prices –The Residential median price declined to $590,000 and the Condo median price rose to $394,000. Land median price decreased to $250,000.

Days on Market, Residential homes = 119, Condos = 124 DOM, Land = 149 DOM. (General DOM Note: this is the average DOM for the properties that SOLD. If predominantly OLD inventory sells, it will move this indicator upward, and vice versa.

“Year to Date Sales" numbers compare January – July 2015 to January – July 2014. Shorter timeframe (monthly) views

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