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Happy March! Aloha everyone! Spring is upon us! Read on for homeowner seasonal tips to consider and discover lifestyle tips curated just for you! Hawaii's mask mandates are ending at midnight tonight! It will be so nice to see people's faces again! Japan has dropped mandatory quarantine this month for Japanese nationals who had booster shots. Let's hope direct flights to Tokyo resume soon!! Emil and I are launching the third listing this month. Please come to the open house this weekend (3/26 & 3/27). Thank you for reading.
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Kona Market Update |
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Single Family Homes The Single Family Home YTD median price is still steady at $1.095M as of March 23, 2022. The number of active listings is up 27% and the number of pending sales are up over 13% since the beginning of this month. Are we starting to see a little increase in inventory? We are in the peak market season and it shows it. The market is very active and p roperties are going into escrow very quickly.Quick Facts: 13 : # of Active Listings under $1M 8 DAYS: Median Days on Market 103 IN ESCROW: # of Pending Sales as of 3/24/22 |
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Kona Condo Market The median price is still going up strong. The condo median price is up 4.9% just this Month Quick Facts: 3 : # of Fee Simple Active Listings Under $300K 5 DAYS: Median Days on Market 55 IN ESCROW: # of Pending Sales as of 3/24/2022 |
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Real Estate in the News |
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Investing in the Metaverse Real Estate Boom There’s a land rush happening — and it’s not in New York City or Beverly Hills. Early speculators, professional real estate agents, and celebrities are buying up land that doesn’t even exist in the real world. They are investing in metaverse real estate, a concept mind-boggling to most people. So, what exactly is the metaverse? Technologists say the metaverse is the next level of the internet. It’s a virtual reality platform where people can play games, connect with friends, attend meetings, and even go to virtual concerts. But h ow much does it cost virtual land buyers? |
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Local Events |
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Kona Brewers Festival March 12 The Kona Brewers Festival is hosted by The Ke Kai Ala Foundation whose mission is to raise funds and awareness for nonprofit organizations which contribute to environmental conservation, the well-being of Hawaii’s youth and culture through the celebration of handcrafted brews and local cuisine in a sustainable community gathering on the Island of Hawaii. Learn More Here |
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Japanese Cultural Center of Kona GOLF TOURNAMENT April 2, 2022 Please join me for this golf tournament at Kona Country Club. I am sponsoring a hole and the long drive contest. |
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KAI's NEW LISTING |
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Kona Vistas: 76-4404 Leilani Street Open House This Weekend March 26 (SAT) : 9:00 AM to 2:00 PM March 27 (SUN) : 9:00 AM to 2:00 PM Please come check out this beautiful property in Kona Vistas Subdivision. Pool, panoramic ocean view, new LVP flooring, and so much more! |
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KAI's CASE STUDY |
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KANALOA OCEANFRONT: $1.25M Listed: March 15th, 2022 Price: $1.25M ( The highest in Kanaloa history) RESULT: Over 50 people came to see the property during March 16 - 17th open house. 11 offers: Among eleven, five were cash. All but two are sight-unseen offers. Only one offer price was under asking. The property went into escrow in seven days, Please click the photos for the property information. |
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Lifestyle Tips & Tricks |
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10 Surprisingly Affordable Housing Markets Across America With the rise of remote work, Americans no longer had a need to center themselves in big cities, and moved into more affordable housing markets. Home sales hit a 15 per year record high in 2021. Price hikes aside, there are still plenty of housing markets in America that would be deemed affordable for the average family. Check out the top untapped housing markets in the country!
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How to Combine Decorating Styles for a Cohesive Look |
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8 Traditional Irish Desserts for Celebrating St. Patrick's Day There's no reason you can't enjoy Irish desserts year-round, whether you have an Irish heritage or not. Whether you're celebrating St. Patrick's Day or just looking for a satisfying, classic Irish dessert, these scones, shortbreads, and cakes will hit the spot. |
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Colorful Yet Hardy Plants to Grow in March Many local nurseries will start stocking their greenhouses with young edibles, perennial herbs, and flowers that can transplant in March. However, there's something special about watching a seed you sowed grow into a bountiful, lush plant over time. March is truly a month of planning for, prepping, and enjoying all four seasons in the garden. |
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