by Dan Polimino | 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 Dan Polimino | 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 Dan Polimino | 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 Dan Polimino | 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...
by Dan Polimino | Jan 29, 2024 | Blog
Quick Answer: For February 2024, Kona Village Resort offers exceptional oceanfront dining at Kahuwai Cookhouse and Moana Restaurant, both open to the public by reservation. Culturally, the Big Island hosts the 53rd Annual Kona Coffee Cultural Festival (February 2–4),...
by Dan Polimino | Jan 29, 2024 | Blog
Quick Answer: While 2023 saw market adjustments with fewer sales due to higher interest rates and limited inventory, the luxury resort areas of the Kona-Kohala Coast demonstrated resilience, with many maintaining or increasing average sales prices. For discerning...