New Hawaii Island Listings: February 1–7

February 7, 2020||Mortgages/Economy/Market

According to MLS data, 159 properties have been listed for sale on the Big Island in the last 7 days. Featured is Waiaha Ridge in North Kona.

May 17, 2019||Mortgages/Economy/Market

New Hawaii Island Listings: May 11-17 

According to MLS data, 131 properties were listed for sale on the Big Island this week. Featured: MLS 628766 located in North Kona. Read More 

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February 7, 2013||Big Island: Market Trends

Hawaii Island Land Sales: 2013 Market Update 

2013 Big Island Land Sales - 1/1 to 2/7 February Market Update -- Big Island Land Sales There have been 98 Big Island land sales so far this year, up from 76 during the same time period last year. The median sale price for land so far for 2013 is $22,000. Last year, the median sale price for the same time period was $23,700. Considering that the lowest priced sale this year closed escrow at $3,500 (Ocean View Estates/HOVE in Kau) and the highest priced sale so far in 2013 closed escrow at $3,000,000 (Kukio/Kaupulehu on the Kona-Kohala Coast), the median price doesn't tell the whole story for the Big Island. Here is a closer look at 2013 land sales, by district: Puna:  54 lots sold, median sale price: $19,700 South Hilo:  5 lots sold, median sale price: $250,000 North Hilo:  no vacant land sales so far this year Hamakua:  2 lots sold, median sale price: $282,500 North Kohala:  2 lots sold, median sale price: $375,000 South... Read More 

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November 24, 2009||Mortgages/Economy/Market

Big Island Financing Options in a Challenging Real Estate Market 

It’s no secret that it has become more difficult over the last year to obtain conventional financing for the purchase of a property on the Big Island of Hawaii.  Banks and lenders are being cautious as they sort out new regulations and changes in how appraisals for certain loans are handled.  Lending options for Lava Zone 1 and 2 properties have become more restricted.  Loans for vacant land are rarely seen these days. So, what’s a buyer to do? First, of course, is to determine whether your personal financial situation is secure and you are ready to take on the responsibility of new debt.  If you are, there are alternatives to conventional financing that you and your agent can explore: Purchase Money Mortgage/Agreement of Sale: In some markets, seller financing is almost unheard of, but it’s a little different here on Hawaii Island.  There is a long tradition of transactions using Agreements of Sale and Purchase Money... Read More 

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June 23, 2009||Big Island: Market Trends, Mortgages/Economy/Market

Big Island of Hawaii - May 2009 Sales Volume 

ANALYSIS: Residential sales volume for the entire Big Island increased by 94.31% over the previous month, during May 2009. Condo sales also increased by 27.44%, while we experienced a drop of 62.21% from April to May in vacant land sales. According the the National Association of Realtors®, May's increase nationally was the first back-to-back monthly gain since September, 2005. April, 2009 and May, 2009 Sales Volume Numbers for the Big Island: Property Type April, 2009 May, 2009 Residential $28,668,132 $55,705,576 Condos $10,055,077 $12,814,339 Vacant Land $21,433,100 $8,098,900 While still significantly lower than last year, median sales prices have increased from April, 2009 to May, 2009 in residential listings by 25.42%, and sales prices for condos have increased by 22.37%. Vacant land prices dropped by 24.05% over the same period. Information provided... Read More 

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