|
|
|
|
Happy July! I hope everyone is enjoying the summer! The last month's interest rate hike led to the cancellation of 17% of the escrow nationally. I experienced two cancelations myself, but one is already back in escrow. Another just hit the market today after completing needed repairs. |
 |
I just returned from two and half week trip to Japan. Seeing my parents after three years was really a treat. And I met Kumi's parents for the first time as we start dating and got married during the Pandemic. |
|
Thank you to all my clients, I was again selected as top 1.5% agents in the US. That is a considerable feat that I am proud of. I feel really grateful. Mahalo! |
 |
|
|
|
|
|
Kona Market Update |
|
Single Family Home The inventory jumped this month. There were only 47 homes on the market a couple of months ago, but the inventory increased to 88 active listings by the beginning of July 2022. The pace of sales is also down quite a bit (-28.3%). As Hawaii is in the peak summer season, the number of pending sales has increased in the last three weeks. July Market Trend (since July 1st) # of Pending Sales: +19.7% |
 |
|
Condominiums The pace of sales is down considerably (-37.8%) but the median price is still going up. The inventory has increased over 40% this month but is still 25% of what it was Pre-Pandemic. July Market Trend (since July 1st) # of Active Listings: -14.0% # of Pending Sales: +6.9% |
 |
|
|
|
Big Island Resort |
|
The inventory is still meager, but we are definitely starting to see an increase. |
 |
 |
|
Real Estate in the News |
|
|
|
The Real Estate Refresh Has Arrived The most recently published housing data (May 2021) showed the real estate refresh has arrived, as active listings posted sizable gains for the first time in three years. Active listings rose 5% last month, the biggest increase since March 2019. Meanwhile, new listings were up 6% annually. |
|
Local Happenings |
 |
Kailua-Kona Parade and Fireworks! July 4 Presented by The Kailua-Kona Community Parade Association in partnership with the Rotary Clubs of West Hawai'i and the Kailua Village Business Improvement District. This event will take place at Kailua-Kona Village. The parade starts at 6:00 PM and the fireworks start at 8:00 PM. |
|
Experience Volcano Festival July 30 - 31 Experience Volcano Hawaii is proud to announce the return of it's 3rd annual festival this summer! This unique festival offers locals and visitors a wide array of art, food, music, Hawaiian cultural performances and more! |
 |
|
Lifestyle Tips & Tricks |
|
|
|
Should You Renovate Your Home Before Putting It on the Market? There's a big difference between renovating a home and updating it. The former involves a more dramatic execution -knocking down walls or retiling an entire bathroom. Updating is making cosmetic changes such as painting a kitchen or replacing a light fixture. Renovating is, obviously, much more expensive and time-consuming than updating, and that's why many sellers resist it when they're listing their home. But before making any major renovations, ask your real-estate pro if the money you plan to spend can be recouped in the selling price. |
|
Amazing Landscaping Ideas to Create an Enchanting Outdoor Space Thoughtful landscape design is the key to creating an outdoor oasis, whether you have a tiny courtyard in an urban area or a sprawling estate in the country. Read on for inspiration that will pave the way to better landscape design for every size and style. |
|
Summer Flowers to Turn Your Garden into the Outdoor Space of Your Dreams There's nothing like a garden full of gorgeous flowers that can withstand the summer heat. From the captivating aromas to the arresting colors, this roundup of the best summer flowers is all you need to begin designing the perfect garden. Think tall delphiniums, cheery yellow lantanas and much, much more. |
|
Pu'uwai Alii Pl |
|
A beautiful home in Puuwai Alii estate is for sale. Over a half acre with amazing ocean views. $3.175M | 3,928 sqft | Over half acre | Kona, HI Please enjoy the video. |
|
|
|
|
 |
|
|