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Happy June! Aloha Everyone! After a brief shoulder season, Hawaii is ready for the summer peak season. It will be interesting to see how the real state market fares this summer. May was a productive and exciting month. Great closings, graduation, and I made many meaningful acquaintances during my trip to Santa Monica. |
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The biggest event for our family was, of course, our younger daughter's graduation from junior high school. The stage decoration with flowers from the school backyard looked amazing(above photo). And seeing kids exchanging so many intricate and beautiful leis was very moving especially since we know most kids since kindergarten. There are so many different types of leis. I admire the imagination and techniques of those who can create flower leis. |
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REALM Global Collective, a three-day event in Sanat Monica, brought together the best real estate professionals in the world. As a "Founding Member," it was truly an honor to share the space and collaborate with the best in the business! I also had the pleasure of sharing my Virtual Reality endeavor with REALM members for two days. The experience was priceless. |
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The Virtual Reality event did not stop at REALM. Compass and I hosted a kickoff preview event for the Metaverse Broker Open at Compass-Santa Monica. It was an amazing experience to share my VR journey with so many tech-conscious Compass agents.Thanks to all those who came out! |
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Kona Market Update June 2022 |
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We are almost at halfway mark of 2022. Here is the latest market on the Kona and Hawaii Big Island. This month, the single-family home market saw a big jump in the number of active home listings. The inventory increased by 46% compared to last month; however, the level of inventory is still 40% of the Pre-pandemic level. The YTD median price hit a new plateau, $1,100,000.
We hear about a "market shift" from the mainland. So far, the Hawaii market is strong. |
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Kona Single Family Homes |
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2 Week Trend Inventory Trend: +11.5% Pending Sales Trend: -9.3% |
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Kona Condominiums |
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2 Week Trend Inventory Trend: No Change Pending Sales Trend: -5.5% |
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Hawaii Big Island Resort Market |
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The resort market is still very active with very limited inventory. Inventory Level Comparison: End of 2020: 107 Active Listings May 2021: 29 Active Listings May 2022: 11 Active Listings
A very tight market condition continues in all resort areas. |
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HAWAII LUXURY MARKET TREND Flipbook *Can you name Four(4) Main Hawaiian Islands? *What are the Median Prices of the Four Main Islands? *Which Island Leads the Ultra-Luxury Market? *How Many Alphabets does the Hawaiian Language Use? |
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Real Estate in the News |
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9 Best Places to Buy a Mountain Vacation Home in the U.S. Mountains have always provided travelers with a welcome reprieve from the hustle and bustle of everyday life. So, it should come as no surprise that more and more people are looking to relocate and buy property in one of the many mountain ranges extending all over the country. Second-home markets in mountain destinations are exploding, attracting people with an array of outdoor activities, fresh air, and stunning views. If you're thinking about buying a mountain vacation home, here are the most attractive real estate markets in the U.S. right now. |
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NEW LISTING |
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$3,400,000 | 5 Bed | 6 Bath | 3,928 Sqft |
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Local Happenings |
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King Kamehameha Day Celebration Parade and Hoolaulea June 11 | 9AM - 4PM The King Kamehameha Day Celebration Parade and Hoolaulea (Festival) is a day of honoring Hawaii's first King, Kamehameha I. There will be a heritage cultural Parade, free concert, Hawaiian Arts and Crafts and more! Enjoy a beautiful day in Historic Kailua Village from 9:00 am to 4:00 pm |
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Lifestyle Tips & Tricks |
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Less Is More: Creating a Minimalist Living Room Minimalist interior design translates to more than an uncluttered, sparsely decorated room. Birthed from modern design, minimalism embraces simplicity, reducing an interior to what’s necessary for the space to function well. But this clean, no-fuss style doesn’t need to feel uninviting. Balance and warmth are crucial to delivering the elevated beauty this style can create. |
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Best Garage Remodeling Ideas for Impressive Curb Appeal Does your garage need a little TLC or a total refresh for better curb appeal? Use these garage remodeling ideas to revamp the space with added style. From quick spruce-ups to major updates, there's a garage remodel project for every budget. |
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Father's Day Brunch Recipes Dad Will Love Father's Day falls on a Sunday for a reason: brunch! Celebrate Dad with all the mid-morning decadence he deserves by making savory and sweet brunch recipes that are sure to wow. Just don't let him do the dishes. It's his day! |
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1970's Design Is Making a Major Comeback The 1970's design trend isn't overwhelming modern interiors just yet, but the new season is a harbinger, a sophisticated extraction of the era's good moments. New trends are cherry picking elements such as low-slung seating, playful florals, and even wood paneling. These are all seeing a sophisticated resurgence! |
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