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Happy Easter and Happy April！ Things are finally starting to feel normal in Hawaii. April kicked off with a charity golf tournament for the Japanese Cultural Center of Kona, for which I had the honor to sponsor the LONG DRIVE CONTEST. It felt strange at first to be with 132 golfers since I hadn't been with so many people at once. I got used to it quickly though. IT WAS SO MUCH FUN! Thank you to all my friends and clients who supported the event. The real estate market here continues to be very active. My new listing in the Kona Vistas subdivision went into escrow at a higher than the asking price in just six days. 636,000 visitors arrived in Hawaii in February. The number is down 19% compared to February 2019. However, US mainland visitors increased by more the 15%, whereas Japanese visitors decreased by 98%! Tokyo-Kona direct flights are expected to come back by the end of the year. Many Japanese are hesitant to travel due to the PCR test requirements by the Japanese government.
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Kona Market Update |
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Single Family Homes The YTD median price of North Kona holds steady at just shy of $1.1M. The number of active listings increased by 22% compared to last month. Yet still very limited compared to Pre-Pandemic days( about -70%). Spring break season ended, and Hawaii heads into a shoulder season. Typically, the market gets active from June again. |
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Condominiums The number of active listings increased but just as Single Family Home market, the inventory level is still extremely low compared to Pre-Pandemic days. Only 30 condos are for sale in the entire Kona and that is an 80% decrease compared to two years ago. |
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APRIL TREND (Last Two Weeks) Single Family Homes Active Listings: +7.0% Pending Sales: +11.0% Supply: 1.2 month Condominium Active Listings: -6.7% Pending Sales: +16.7% Supply: 0.8 month |
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BIG ISLAND RESORT MARKET |
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Like the rest of the Big Island, the resort market is very active. The inventory is scarce, and the median price has risen dramatically in the last six months. |
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JUST SOLD |
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Just Sold in Mauna Kea Resort Hapuna Beach Residences Condominium $3,900,000 2 Bed | 2 Bath | 1,472 SQFT A brand new condo just steps from Hapuna Beach, which was selected as #1 Beach in the US in 2021. The project is almost sold out! Congratulations to my clients! |
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Real Estate in the News |
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Most and Least Expensive States To Live In Thinking about your next big move? Choosing a place to live is a highly personal decision, and there are a lot of factors that go into it besides purely financial ones. For example, maybe you live in a place with a high cost of living, but you’re also close to your friends and family. Or maybe you work in an industry that only exists in certain regions. Or maybe you just really love the school district your kids are in. But if the most important thing to you is cost, then read on to see what states were the cheapest and most expensive. |
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Local Events |
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The Best of Kona Festival April 16 | 11AM - 6PM The Best of Kona Festival wraps all the unique and amazing aspects of life in Kona together for a one day festival. Located at the Kona Inn Shopping Village this festival is a gathering of community where food, culture, arts, education, and entertainment combine to showcase the Best of Kona. |
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Easter at Keauhou Shopping Center April 16 | 10AM - 12PM Easter Bunny! Registration is required for this free event. |
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Lifestyle Tips & Tricks |
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5 Places to Obtain Virtual Real Estate Data People spent over $500 million on virtual real estate assets in 2021, but until very recently, it hasn’t been easy to find the data necessary to make informed purchasing decisions. The situation was such that people often bought land uncertain of where it was even located. Sensing the need for better data, several companies have jumped in over the last year or so to try to fill the void. There are now a few places to obtain good information on the virtual real estate market! |
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Open Floor Plan: In or Out? Over the past few months, we've been noticing the rise in rooms—not just designated areas of a larger space, but sectioned-off spaces complete with four walls. So, what gives? Is the open floor plan on its way out? Admittedly, it depends on who you ask. |
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12 Recipe Ideas for Spring Produce Spring is just around the corner, and with the warmer weather comes a slew of tasty spring produce ready to add some freshness to your meals. Here are a myriad of recipes that really give mangoes, peas, and more spring fruits and vegetables a chance to shine. |
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Space Age Design Relaunches Whether you call them Space Age or Atomic Age, the homes built in the 1950s and 1960s represented a new wave of modern architecture inspired by space exploration and futuristic ideas. Now that space travel for the layman is becoming a reality, we can expect to see architects and designers gathering inspiration from the new boom and from advancements in materials and technology. |
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Kona Vistas |
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This 3 Bed 3 bath home in popular Kona Vistas subdivision is in escrow after six days on the market. 3 Bed | 3 Bath | 2188 SQFT $1,925,000 |
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