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Ron & Janet
Read more great testimonials on my website!
West Hawaii Real Estate Update
September, 2014: Volume 11, Issue 9
August only had 73 overall sales in it… that is a 12% decrease from July. We are hoping that September will help us play catch up on the 20 ‘missing’ sales.
The available inventory totals are roughly the same as last year at this time, however there are more condos and less land available.
In August there were 38 house sales, 23 condo sales and 12 lots… that is 23 shy of last year’s numbers.
At a recent economic summit held here on the Big Island by First Hawaiian Bank, they say that tourism took a huge hit the first half of the year and is now beginning to recover… and I’m beginning to think that has something to do with our sluggish condo sales this summer.
Our strong price appreciation seems to be weighing on the buyers as well and you throw in a frustrating lending process and you probably always get sluggish sales… so we are looking forward to fall!
Notes From Gretchen
Big change in our office, we have added a property manager, Kyra Bronson. She has personally owned rental property since 2008 so she understands an owner’s perspective and before that she was a tenant… so she has both sides of that coin.
She has also worked with Hawaiian Isle for almost two years now with me and understands how we like to do business. She is very excited about jumping in and getting to know all of our owners and tenants so if you have any questions give her a call at 808-769-5230.
Kona House/Condo Market Listed Under $1M
A picture is worth a thousand words and this one is… it shows we have leveled off, sales are holding over 50 and inventory is dropping, slowly.
Out on the Town
I thought it would be fun to showcase one of my siblings’ talents… you’re in luck in that he gets paid big bucks to perform all over the world so you will want to click on the link below and see what you’ve been missing! He is available for conventions, corporate events and has even done a birthday party in Turkey (yes, the country :>)… so feel free to contact him or just enjoy the great video on his website.
This past month saw sales almost exactly the same as July except they sold one less piece of land… interesting. Inventories are rising slightly but nothing to really be concerned about as we move into our high season soon and our influx of visitors should knock that down quickly.One thing though that won’t go away quickly is timeshare. Hilton has requested and received approval to turn 601 hotel rooms in their Ocean tower into 450 timeshare units… on top of all the other inventory they have built out there the last few years, it has to be making a serious dent in vacation rentals… darn!
Hawaiian Isle Real Estate, LLCRealtor(B)Principal Broker/ Owner
Direct (808) 329-5667
#1 in Kona Transactions – 2013
#16 in State of Hawaii – 2013
Creative Advertising Award – 2012