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| Taiko | Shaka | Japan Trip | New Practice |
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| Labor Day is around the corner but summer is still going strong here! Mahalo to everyone who reached out and inquired about the missing July newsletter. Yes, I took a break for a very special reason—I traveled to Japan with twelve high school students! The trip was rewarding and challenging, perhaps even more so than my last visit seven years ago, thanks to the hotter, more humid climate... and maybe my age? We stayed at the Tokyo Youth Olympic Center, where I had lodged nearly 35 years ago during my university days. It’s still a very safe and affordable place for students to stay. |
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| | The focus of our Japan trip was to learn Taiko drumming from two of Japan’s top groups: Ondekoza, pioneers of Kumi Taiko(emsemble), and Kodo, the world’s most famous Taiko ensemble. This trip was especially enriching since I began playing Taiko just a few months ago. Please see first hand how kids did with these groups in this month's video. |
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August has been a rollercoaster for stock markets, with a dramatic 20-day drop and rebound—not for the faint of heart. Mortgage rates also saw wild swings, dropping from 7% to 5.99% in a single day, now hovering around 6.4%. This was triggered by weak employment data, and the market is broadly anticipating a FED rate cut in September, though it may not drastically impact mortgage rates much. |
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| | Gov. Josh Green signed Bill 3312 which made Shaka an official State gesture. The shaka is a symbol that's synonymous with Hawaii and surfing culture, and is used to express a variety of greetings, such as "hello", "aloha", "goodbye", and "thank you". Try using Shaka next time you are in Hawaii. It is not just for surfing and photos. We use it everyday. READ MORE about SHAKA. |
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| Emil and I had the pleasure of welcoming top brokers from Japan Sotheby's International Realty. I’ve worked with Mr. Takeda, the head of Japan SIR International Division, for 20 years, and we've closed some fantastic deals together. During their visit, we explored several ultra-luxury properties including $24.5M brand new home in Kohanaiki(above). If you’re interested in real estate opportunities in Japan, please don’t hesitate to reach out. Our NETWORK is worldwide! |
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| Across the U.S., annual home-price growth for existing single-family houses rose by 4.9% to $422,100 in the second quarter, slightly down from the 5% year-over-year increase in the previous period. In the San Jose-Sunnyvale-Santa Clara area, prices for existing single-family homes surged 11.6% in the second quarter compared to a year ago, reaching $2.08 million. Remarkably, no metropolitan area in the country has exceeded the $2 million mark in NAR data dating back to 1979! Here on the Big Island, the condominium market continues to see rising inventory levels. Over the past three weeks, supply has increased by more than 15%, bringing the total to 144 units. Meanwhile, the supply of single-family homes has remained steady. At KE Team, we strive to keep our clients and friends informed about the Big Island market. Each month, we publish our data flipbook, featuring valuable insights such as Historical Median Price, Activity by Price Ranges, Active/Pending Ratio, and Inventory. We specialize in the west side of the Big Island. Please email us if you have any questions or if you’d like to discuss the market in your neighborhood! |
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On March 15, 2024, the National Association of REALTORS® (NAR) reached a settlement agreement with plaintiffs that could potentially end ongoing litigation regarding broker commissions. The $418M antitrust settlement took effect on August 17, 2024, and the final approval hearing is scheduled for November 26, 2024. It’s important to note that consumers will continue to have choices when it comes to real estate services. There’s been a lot of speculation—will this change eliminate Buyer-side commissions? -We don’t think so. |
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Brand New World Cultural Heritage Site |
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| Just 10 days after our visit to the gold mine on Sado Island, Japan, the UNESCO World Heritage Committee unanimously decided to register the site as a World Cultural Heritage site on August 1st! Once the world's largest gold mine complex, it was officially added to the heritage list during a committee meeting in New Delhi. Check out this month's video for a glimpse of the Sado Gold Mine. When we visited, the place was almost deserted—I imagine it's drawing a lot more visitors now! So LUCKY! |
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AUGUST 29th - SEPTEMBER 2nd |
| Queen Lili'uokalani Canoe Race- |
| The Queen Lili'uokalani Canoe Race is the world’s largest long-distance outrigger canoe race. The race covers an 18-mile stretch from Kailua Bay to Honaunau Bay Click HERE for more info and registration. |
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| | NATIONAL PARK FEE-FREE DAY HONORING NATIONAL PUBLIC LANDS DAY |
| No entry fees to our national parks! It may be a good opportunity for locals as well to revisit national parks!! 1. Volcanoes National Park 2. Pu'uhonua National HIstoric Park 3. Kaloko-Honokohau Natinal Park 4. Pu'ukohala Heiau National Park Click HERE for National Park info. |
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In recent months, condo projects in Hawaii have faced skyrocketing insurance premiums, with some seeing increases of up to 400%. These hikes can lead to significant increases in monthly maintenance fees for condo owners, as master insurance typically makes up about 30% of the budget. The situation is being widely referred to as a "CRISIS," affecting not only owners but also agents, loan officers, and buyers. In response to this growing crisis, the state government has taken steps to stabilize the market and provide relief. |
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| This year, I was set on experiencing true Japanese hospitality, or "Omotenashi." After 12 days with high school students, I needed some serious relaxation. Following local friends' advice—and knowing a client had helped with its 2012 renovation—we booked the Palace Hotel Tokyo. I didn’t have the best impression from my time living in Japan when it was government-owned, but right after booking, Michelin announced its first hotel rankings, with Palace Hotel among the first THREE KEY Hotels in Tokyo! The location is perfect, just a short walk from Tokyo Station and across from the Imperial Palace. The food, service, and amenities were fantastic, making our stay unforgettable. If you want to experience genuine Japanese hospitality in the heart of Tokyo, I highly recommend the Palace Hotel Tokyo. |
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| Keauhou estates #193 : IN ESCROW |
| | 3 BD 3.5 BA 2614 SF price $2,500,000 |
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| Sunset View Terrace: In Escrow |
| | 3 BD 3 BA 2276 SF $1,399,950 |
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| | | | 82-6115 Hawaiʻi Belt Road |
| 0 BD 0 BA 0 SF $1,995,000 |
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| | 75-6040 Alii Drive, Unit 303 |
| 1 BD 1 BA 784 SF $549,000 |
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| | | | 766122 A Royal Poinciana Way, Unit 2 |
| 3 BD 2 BA 1229 SF $1,195,000 |
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Thanks for reading and subscribing! Ready to achieve your next real estate goal? |
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| | Top 1.5% of US Real Estate Professionals, 2020-2024 |
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Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. |
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