Editor’s Note: This post is the 4th in a series of 2014 year-end market reports. Click here to see all posts. As we move toward the final weeks December, we have been taking a look back at real estate market activity around the Big Island for 2014. The next neighborhood we’ll investigate in this series of posts is located in Waimea on the slopes of Hoku’ula Hill around to Waimea Parkside and Lindsey Road. The neighborhoods of Kamuela Heights, Waimea Homesteads and… Read More
Since December 2005, when the Clark Realty Community Fund was established, the beginning of the holiday season has taken on an even greater significance for the Clark Realty ohana. At this special time, we are able to look back over the year to see the outcome of the work of our Community Fund organizers, who lead the CRCCF fundraising efforts in their local offices. Once again this year, due to the generosity of over 130 of our Clark agents and… Read More
For the week of December 8-12, 114 properties were listed for sale on the Big Island of Hawaii. By property type, the break down is: 41 homes, 22 condos, and 51 parcels of land. One notable new condo listing on the market this week is MLS 279475, a 1,242 sq ft 2 bedroom, 2 bath golf course view unit in Keauhou Punahele, located at the end of Alii Drive near Keauhou Shopping Center. Listing agent Kevin Walmsley, R(S) says the large… Read More
Hawaiian Paradise Park, also known as HPP or The Park, was established in 1960 and since then has seen a tremendous amount of growth. Located approximately 14 miles from Hilo and 6 miles from Pahoa town, HPP is the second largest subdivision in the U.S., running from the top of Hwy 130 to the ocean, covering 15.2 square miles with 137 miles of roadway. HPP is in Lava Zone 3, outside the geographic area where the current lava flow is occurring. The rental market is tight and will likely be so for some time to come, and the pace of sales in 2014 is on track to exceed 2013.
The median price of homes sold to date in 2014 in Central Kailua-Kona is $570,000 (up significantly from $496,000 for the same period in 2013). Average number of days a property was on the market before the close of escrow so far in 2014 is 54, which is actually one day longer than in 2013. The current average sale price to list price ratio is 97.4%.