by Dan Polimino | Dec 4, 2021 | Blog, Hawaii Real Estate, Hualalai
Quick Answer: For luxury second home and vacation rental owners on the Kona-Kohala Coast, a Delaware Statutory Trust (DST) can be a powerful tool for deferring capital gains taxes through a 1031 exchange, especially if you want to exit direct property management while...
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 | Sep 18, 2021 | Ask The Hawaii Team, Blog, Hawaii Real Estate
Quick Answer: Yes, the luxury real estate market on the Big Island, particularly along the Kona-Kohala Coast, remains exceptionally strong. Unlike many mainland markets, we are still seeing multiple offers on correctly priced properties, and inventory remains...
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...
by Dan Polimino | Oct 30, 2014 | Buying, Hawaii Real Estate, New Construction
Quick Answer: When building a luxury home on the Kona-Kohala Coast, prioritize understanding the builder’s base price and exactly what it includes, carefully review upgrade costs and warranty terms, and thoroughly evaluate the builder’s local reputation. These steps...
