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February 2022 |
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Though February is short, it is filled with lots of love and sweet surprises. Read on for homeowner seasonal tips to consider and discover lifestyle tips curated just for you! |
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Aloha from Kona, Big Island of Hawaii Big Island Real Estate is moving more robust than ever thanks to very tight inventory. The median price of a Kona single-family home is still above the $1M mark. The number of COVID new cases has dropped significantly here on the Big Island. The newly reported daily cases have gone down to 58(yesterday) from over 800 a month ago. (the population of the Big Island is approximately 200,000.) As a result, the COVID-related restrictions may loosen up soon.Hawaii has kept tight restrictions compared to other parts of the country, but the changes may come, finally!! *Safe Travels Program may be dropped as early as late March *Curtailing or removing indoor gathering size restrictions by late March *National Guard Personnel to depart Hawaii in mid-March And, for the first time in almost two years, we see cruise ships in Kailua Bay. While these big boats are still operating with only about 50% capacity, we will see an increase in cruise ships visiting Kona and Hilo. Mahalo, for reading! Kai |
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KONA Market Update February 2022 |
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The YTD median price of Kona Single Family Home is $1.05M and $475,000 for condos. The median prices typically jump in January during upmarket due to a lack of sample size. Now that we are in February and have more closed sales, the median prices reflect the market condition more accurately. The inventory, which increased a bit in January, is dwindling again. Hawaii is in the busiest tourism season. More People = More Transaction. There are currently 50 homes and 19 condos on the market. VERY TIGHT Of the 127 properties closed in 2022 in Kona, 44% of the transaction sold over asking price. 21 % of the listings were sold at full price, and only 25% of buyers were able to negotiate the purchase price. I have four more listings coming up in March between $800,000 and $2M. Please get in touch with me should you or someone you know are interested for a home in Kona. |
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The median price jumped again in January 2022. The median price in Kona has surpassed Honolulu. |
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Big Island RESORT Market |
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The Big Island luxury market exploded since the onset of the pandemic. Here is the comparison between 2019 and 2021. Over $1M: +133% Over $3M: +104% Over 10M: +267% |
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Real Estate in the News |
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Last Year's Housing Market Was a Wild Ride... Here's What to Expect in 2022 The US housing market has had a white hot year. Home sales are on track to reach the highest level in 15 years, with an estimated 6 million homes sold in 2021. But whether you benefited from this surge depended a lot on if you were selling a home or buying one. Homeowners saw average home prices skyrocket nearly 20% through the third quarter compared to a year ago, according to the Federal Housing Finance Agency. It was the largest annual home price increase in the history of the agency's House Price Index. And, in some hot markets, the price increase was double that. Without a doubt, the housing market was on a wild ride in 2021, and here's what to expect this year. |
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Local Events |
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SOKO 7th Annual Artists Studio Tour
February 26 & 27 (9am - 4pm) Visit 19 SOKO artists at their studios and show venues along the scenic Mamalahoa Highway from Keauhou throughout South Kona to Honaunau. Plan on a full day of learning and talking with the artists about their inspiration and techniques. If you'd like to take some art home with you, a wide range of fine art, smaller items and gifts are available for purchase. Learn More HERE |
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28th Annual Panaʻewa Stampede Rodeo February 15 - 17 The Annual Panaʻewa Stampede Rodeo is educational, family friendly and fun! There are going to be Traditional Rodeo events, Hawaiian Rodeo events and Keiki events. T ickets are $10, and keikis 12 and under are free! Learn More HERE |
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Lifestyle Tips & Tricks |
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The Best Places to Make Real Estate Investments in 2022 Not all areas of the U.S. are headed in the same direction when it comes to homebuying. While home prices are cooling down in New York and Hawaii, they’re heating up in Maine and Massachusetts. If you’re looking to make a real estate investment this year, there are a few markets that are worth taking a closer look at because of their anticipated price increases.
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Kohanaiki: BAREFOOT GOLF Aloha! I played golf barefoot for the first time in my life! It was so relaxing and powerful to feel the earth directly. Kohanaiki, a premier private resort in Kona, is the perfect place for BAREFOOT GOLF. Ultimate LUXURY. |
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Top Home Design Trends of 2022 As it turns out, many of the top home design trends of 2022 are iterations of concepts we’ve seen in recent years, but it’s not due to a lack of creativity. Instead, it’s likely because we’re continuing to lean in to our personal tastes and needs. From nature-inspired interiors to vintage furnishings and tactile finishes, here are the design trends that industry experts predict will dominate this year. |
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Wine Pairings for Your Favorite Valentine's Day Candy It’s time to get sweet on Valentine’s candy. And it’s not just in those heart-shape boxes, though there are plenty of those. If your significant other got you a box of chocolate-covered strawberries or you bought every bag of conversation hearts off the shelf in excitement, here’s the Valentine’s Day wine pairing to match. |
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The Best Places to Travel in February February may be the shortest month, but that doesn't mean it has any shortage of great travel opportunities. Aside from all the romantic Valentine’s Day weekend getaways, it’s also a great time to embrace winter sports, check out new hotel openings, and have a warm-weather escape. Whatever type of trip you choose, there's no better mood-booster than a vacation in the middle of winter. |
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