by The Hawaii Team | Mar 26, 2024 | Blog, Resorts
Quick Answer: The Kona-Kohala Coast luxury real estate market remains a strong seller’s market, driven by limited inventory, robust demand from out-of-state buyers, and the unique appeal of Hawaii. Sellers are likely to achieve favorable prices and quick sales,...
by The Hawaii Team | Mar 26, 2024 | Blog
Quick Answer: In February 2024, the luxury real estate market on the Kona-Kohala Coast presented a nuanced picture. While the overall number of sales for both homes and condominiums decreased compared to February 2023, the median sales price for homes saw a slight...
by The Hawaii Team | Feb 27, 2024 | Blog, Resorts
Quick Answer: As a foreign buyer considering a second home or vacation rental on the Kona-Kohala Coast, you will find that the United States has no ownership restrictions. However, you must obtain a U.S. Tax Identification Number (TIN) for IRS compliance, including...
by The Hawaii Team | Feb 27, 2024 | Blog
Quick Answer: January 2024 saw a slight dip in overall luxury sales volume on the Kona-Kohala Coast compared to January 2023, primarily due to continued low inventory. However, average sales prices remained stable or increased in some segments, signaling sustained...
by The Hawaii Team | Feb 27, 2024 | Blog
Quick Answer: More people are moving to Hawaii than leaving. In 2023, 56% of moves were inbound compared to 44% outbound. This positive migration trend supports sustained demand for luxury real estate on the Kona-Kohala Coast, even with the state’s higher cost of...
by The Hawaii Team | Jan 29, 2024 | Blog, Resorts
Quick Answer: While Hawaii experiences some net outbound migration due to high living costs, the luxury real estate market on the Kona-Kohala Coast remains strong. Demand is driven by high-net-worth individuals, including remote workers and retirees, who prioritize...
