by The Hawaii Team | Mar 24, 2022 | Buying, Hawaii Real Estate, Resorts
Quick Answer: Successfully acquiring a luxury property on the Kona-Kohala Coast requires a local, experienced agent, swift action with strong offers, and flexibility. In this competitive market, premium properties can go under contract in as little as 7–10 days. Key...
by Dan Polimino | Feb 27, 2022 | Buying, Hawaii Real Estate, Resorts, Selling
Quick Answer: No, the Hawaii real estate market is not in a bubble. It is experiencing a market correction driven by higher interest rates and limited inventory. The Kona-Kohala Coast remains particularly resilient due to finite land, strong demand from affluent...
by Dan Polimino | Oct 20, 2021 | Buying, Hawaii Real Estate, Investing, Luxury Market, Selling
In a recent luxury real estate seminar presented by Title Guaranty some very eye-opening market trends appeared. With the onset and progression of COVID, buyers are leaving congested areas for paradise and they are coming here with cash, to the tune of plus 256%...
by Dan Polimino | Oct 20, 2021 | Blog, Buying
Quick Answer: The confluence of pent-up European demand, elevated savings levels, and geopolitical instability is contributing to a strong seller’s market on the Kona-Kohala Coast, particularly in the luxury segment. Buyers should anticipate continued competition and...
by Dan Polimino | Sep 18, 2021 | Buying, Hawaii Real Estate, Luxury Market, Selling
In August there were 20 condominiums and single-family homes sold, with the lowest sale being $2,150,000.00 and the highest being $12,000,000.00. The Average sold price compared to the original price was 100.5% with an average of $1,689.00 per square foot. I think...
by Dan Polimino | Jul 31, 2021 | Buying, Hawaii Real Estate, Luxury Market, Neighborhood News, Selling
Quick Answer: The mainland real estate market is experiencing a significant slowdown, characterized by fewer showings, price reductions, and longer days on market. Historically, Hawaii’s luxury market lags mainland trends by several months. While a moderation in price...
