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“Fallen leaves lying on the grass in the November sun bring more happiness than the daffodils.” - Cyril Connolly |
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Aloha everyone. Here is the latest from the Big Island! It has been a busy November! Last week, I traveled to Austin, Texas, to attend a biannual COMPASS RETreat which over 3,000 agents gathered to share knowledge and create a network. It was my first real travel in TWO YEARS! As you know, Austin is known for outstanding food, great live music venues, and its general weirdness. Also, many famous high-tech companies such as Tesla and Amazon are opening offices there. The city was very vibrant and the brisket was GOOD! I feel powerful as ever with Compass! What a great four days. Unlike Texas, Hawaii is still under very tight restrictions, but we are seeing fewer cases of COVID, which is promising. The total number of hospitalized COVID patients in the Big Island was only five today!
Kai |
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KONA Market Update |
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Although we are in the shoulder season, the market remains very active. The peak selling season for Hawaii is winter between December and March. The semi-peak season is summer. September to November is the slowest time because of fewer visitors. However, we are not seeing much seasonal effect this year. The number of active listings went down again this month. There are 84% fewer condos on the market and 57% fewer homes for sale than a year ago. Of 88 homes sold since October 1, 2021, 40 homes sold higher than the asking price. And of 66 condos that sold since October 1, 2021, 34 closed higher than the asking price. Hawaii's best season is yet to come. We had crazy summer, and many expect it will be crazier this winter. We need to mentally prepare! |
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Kona Market Snapshots |
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Active Listing vs Pending |
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Big Island Resort Market |
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Big Island Resort Market is hot as ever. Resort Condo Median Price Waikoloa Resort: $730,000 Mauna Lani Resort: $1,212,000 Mauna Kea Resort: $2,090,000 Resort Home Median Price Mauna Kea Resort: $5,248,000 |
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Real Estate in the News |
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Why Is the U.S. Housing Market So Out of Whack? What Homebuyers Need To Know Right Now T here’s never been a housing market quite like this before. Today’s real estate agents are pulling double duty as therapists, consoling heartbroken homebuyers who lost out on their fifth—or 15th—home. First-time homebuyers around the country are being outbid by investors—some of whom are willing to pay more than $100,000 over asking price. Wealthy buyers offering all cash for second homes are sending prices ever higher, pushing the dream of homeownership out of reach for many folks. Meanwhile home sellers are enjoying the benefits of life in the fast lane: the ultimate seller’s market. Can all this last? Is this really going to become the new normal? |
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Local Events |
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Hawai'i International Film Festival From November 4-28, Hawai'i International Film Festival will be a hybrid of online and in-theater events. Check out the HIFF website to browse the films, events, and activities going on throughout November. To view the full schedule and program, click here. |
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50th Annual Kona Coffee Cultural Festival! Hawaii's oldest festival returns this year in a whole new way – Thursday, November 4 through Sunday, November 7, 2021. This 4 day festival will bring community together with in-person events, but also has a full schedule of online events! Click here to learn about the festival and see the full schedule! |
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Here is a video of Mauna Lani Resort GOLF. Yes. Hawaii is still nice and warm! |
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Lifestyle Tips & Tricks |
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Prospective Buyers Should Enter the Fray This Fall in These Hot U.S. Markets The fall months typically mean a cooldown in real estate transactions, but this year, with inventory low and demand high, prospective buyers are wondering whether they should wait to buy. The Covid-19 pandemic is continuing to influence buyers’ decisions, particularly for those who are now working remotely and, as a result, are seeking out homes with more space in smaller, less crowded cities.
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Chic and Festive Thanksgiving Decorations Thanksgiving decorations are all about showing off your style, but that shouldn't equate to stress or going way over your budget. Regardless of your aesthetic, there are a slew of inexpensive DIY decorations you can try to make your Thanksgiving celebration more inviting for family and guests! |
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14 Ways to Get Instant Curb Appeal for Less Than $100 There are dozens of small, inexpensive home improvements that can boost your home's curb appeal. Adding a few upgrades to your house not only makes it easier to sell, but it also gives your house that nice, finished look that you can take pride in. Here are a few ideas to get you started. |
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The Best Thanksgiving Drink Recipes Loaded with Fall Vibes Step aside, wine and beer. We're thinking cocktail hour is in order this Thanksgiving! Whether you pair these Thanksgiving drink recipes with your menu or enjoy them before or after the big meal, these Thanksgiving cocktails are sure to get the party started. |
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