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 | 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 | Apr 3, 2021 | Blog, Buying, Luxury Market, Selling
Quick Answer: The Kona-Kohala Coast luxury real estate market is not crashing; it’s normalizing after an unsustainable frenzy. While interest rates are rising and buyer caution is increasing, demand for unique, high-quality properties remains strong, albeit at a...
by Dan Polimino | Mar 11, 2019 | Blog, Selling
Quick Answer: While saving commission may seem appealing, my nearly two decades of experience on the Kona-Kohala Coast show that For Sale By Owner (FSBO) sellers often net less due to incorrect pricing, limited marketing reach, poor negotiation, and increased legal...
