Is that the Lowest Hawaii Condo price?

Aloha and welcome to our Hawaii bargains!

Current Hawaii vacation rental bargains for this fall season 2010 are the lowest I've seen. Please, don't expect the same deals for the Hawaii holiday season and high season months January and February 2011, when everybody on the Mainland wants to get out of their winter misery for a Hawaii vacation in sunny warm Hawaii. If you want to visit Hawaii for the holidays, NOW is your last chance to find a nice Hawaii vacation home.

For many of you, Hawaii is not only of interest for a short vacation in the sun but the idea of having a Hawaii vacation escape at hand when needed is more than tempting. Those dreams have become a reality, especially with Hawaii condo prices at Kihei Maui condo resorts have having come down. However, a lot of the buyers are still waiting for the 'lowest Hawaii condo price' in the Hawaii Real Estate 'game' or consider even a condo 'short sale'.

Even though we are not Hawaii realtors, we like to write about Hawaii real estate because it's closely connected with 'Best Hawaii vacations'. And when we see a bargain, we love to share it with you. Here is a buying bargain for a Hawaii resort condo on the island of Molokai. The owner has just lowered the price by $30,000 to an impressive $189,000.

Hawaii Molokai Resort Condo for Sale!

If you want to know more about this Molokai resort condo, go visit my post 'Hawaii Condo for Sale' from 2009 for more information and photos of the condo. Question everybody searching for a Hawaii condo for sale deal has to ask and answer himself "Is that the lowest Hawaii condo price for a resort condo will go?"

If you are interested in this Hawaii condo in Molokai, please, email us with subject line ' Hawaii condo for Sale' and we will connect you with the condo owner. Aloha, Pua, Hawaii Vacations

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Tags: Lowest Price Hawaii Hawaii, Hawaii condo for sale, Molokai Condo for sale

Hawaii Real Estate Market 2010

Dear Hawaii Vacation blog visitors,
Hawaii Best Vacation blog has always been watching closely what's going on on the Hawaii Real Estate and Housing market. This is not any different for the 2010 Hawaii Real Estate Market. There is no way talking about Hawaii vacation and ignoring trends of Hawaii Real Estate. Why? Because when you once fell in love with the Hawaiian Islands, there comes a day that you are looking for your own piece of Paradise, a condo on Maui or a townhouse on the Big Island on the sunny Kona Kohala Coast.

Our 2009 Hawaii real Estate posts like 2009 Hawaii Real Estate market analysis or 'Is it a good time to buy a Maui condo NOW?', received top attention. Let's stick with the tradition and ask our friend Bill Jardine from Big Island Buyers Brokers what he thinks about the 2010 Hawaii Real Estate and any trends he sees. Today's article is beyond winning a Hawaii vacation with Hawaii Sweepstakes. If you consider buying Hawaii Real Estate in 2010, keep reading Bill's guest article:

The Hawaii Buyer's Market is likely ending soon

"January has brought us a fresh perspective as the year 2010 stretches out before us in all of its mystery and promise. There seems to be an anxious prognosticator behind every tree these days, and predictions are all over the board as usual. For many this is a time of planning, and wouldn’t it be nice to know what lies in store for the months ahead?

The author of 'The Black Swan' Nassim Nicholas Taleb, has taken a really hard look at our ability to predict the economic future and has noted that those with the highest degree of self-regard do the most poorly at predicting by far! Since I have virtually no pretensions at knowing anything about the future, perhaps you will take my predictions more seriously.

We are experiencing a mini-rerun of the financial inflation that preceded the crash of the financial markets a couple of years ago, and various magazine writers have published articles warning investors to keep their wits about them as this re-inflation occurs...(Editor's note: Bill allowed us to skip this paragraph about economic details for slowdown)

What this means to you is that there likely will be a gradual housing bubble growing over the next couple of years, and bank stocks should do quite nicely until the new bubble bursts. In the meantime, expect very low interest rates and improving real estate prices as a result. I have been listening a whole lot to the chatter of my fellow brokers in the West Hawaii market and find everyone pretty much on the same page. Hawaii real estate inventory is shrinking, prices are still low and expectations are that within the year we will see the return of a more attractive Seller’s market.

If you have entertained thoughts about joining us here in Hawaii you might better get on your hobby horse and dig in your spurs. The read is that this incredible buying opportunity in Hawaii is coming to its natural conclusion, and you may well regret missing super low interest rates and super low prices. For the many of us anticipating retirement, things may be a bit more serious. The Baby Boomers will soon begin retiring, and if one-percent (1%) of them decide to live their warmer years in Hawaii, we will have to build 70,000 new units to accommodate them. Yikes!

If you would like to talk-story about any of this stuff please feel free to call or drop me an email any time. Aloha, Bill Jardine, Big Island Buyer's Broker"

Well, this is what a longtime, experienced Hawaii realtor thinks about buying Hawaii real estate in 2010. We won't know for sure whether this will come true until the year 2010 is over. For now, we are grateful that Bill shared his opinion with us.

Here are a few tips for the motivated Hawaii home or condo buyers from the editors of best Hawaii Vacation blog. Don't just look from afar but come visit Hawaii this Spring 2010. Of course, you need to do your homework and determine the Hawaiian island of your choice, condo or house/townhouse, vacation rental (higher taxes) or not, price range you can afford + stick with it (no offense, Bill, but realtors have a tendency to show clients very nice properties, which they cannot afford) and don't forget to investigate future Hawaii property taxes or condo maintenance fees. Visit Hawaii for catching the wave of Hawaii real estate buyer's market 2010 as long as it lasts. Aloha, Pua Hawaii Vacations

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Is it a good time to buy a Maui Condo NOW?

Aloha to all our Hawaii blog visitors, our regulars and the drop-ins,

The Sharks, Rays and Whales on the most wanted Youtube Video post took off right from the start. It was fun writing the post and sharing this spectacular video with everybody. Best Hawaii Vacation blog visitors and our Hawaii friends liked it a lot. I am sure Jon got quite some extra traffic for his video from our blog, and he deserved it.

As mentioned before, visiting other Hawaii blogs and Hawaii twitter friends is a steady source and pool for new ideas. A recent post by our friend Julie from 'Maui Vacation Guide' about Short Sales of Maui Condos got my special attention this time. Reading Julie's article on low price short sale offers for Maui condos for sale, triggered my curiosity to that extend that I thought Maui condo short sales will hit a nerve and attract the attention by a lot of our Hawaii blog visitors. It seems time to talk 'Hawaii Real Estate' again. This time specifically about 'Is it a good time to buy a Maui condo NOW?'

My first action to prepare this post was a Google search for Maui condos for Sale and peruse a big number of those top search result sites for Maui condos. Bottom line, there is quite a number of Maui real estate sites which focus on Maui condo for sale real estate market trying to lure the 'Mainlanders' hungry for Hawaii sun to buy a Maui condo now.

I liked those sites which provided in addition to the basic condo info like:

- Asking price

- Maui condo resort location

- condo bedroom + bathroom number

additional detailed condo info like:

- Is the condo zoned for vacation rental?

- Condo monthly maintenance fee

- Annual Taxes

- Sales history

The prices for Maui condo short sales are really tempting but be aware of that the banks take their time to 'collect' a number of offers for a certain short sale condo and decide for the highest offer after 3 - 4 months or even longer. If you are not in a hurry, try your luck. Maybe your nice cash offer will be accepted by the bank. In any case, that's probably the lowest price for Maui condos, not just short sales, I have seen in a long time. So, is it a good time to buy now?

Believe me, not just us regular folks wonder whether the Hawaii Real Estate market has reached the bottom or will even further slow down, meaning Maui condo prices will even come down more. The following article about reaching the bottom and about current trends in Hawaii Real Estate market by Michael Gallagher shows you that Hawaii realtors can't guarantee either whether this is now the best time to buy a Maui condo. One thing is for certain though, Hawaii real estate market will recover as it always has. There is no place like Hawaii! The decision is yours. Before you buy a Maui condo, here are 3 facts you need to know when buying a Maui condo NOW.

3 Facts to know for buying a Maui Condo

1. Maui Condo Vacation rental zoned

If you don't want to move to the island of Maui permanently and consider spending 2 - 3 months on Maui in winter, you want to rent out your Maui condo for the rest of the year at the best rate you can get. Lots of things have changed recently in the Maui vacation rental scene recently. Make sure that the condo you buy is in a vacation rental zoned condo resort or complex. If the complex got 'grandfathered' in, make sure the condo complex bylaws state 'short term rental allowed'. BTW, Maui legislature is still dealing with making more vacation rentals legal.

2. Maui Vacation Rental business Slowdown

Remember the economic slowdown has a big effect on family's capability to go and spend some extra money on vacation. Hawaii vacations got postponed by many families this summer. Summer 2009 in Hawaii was one of the slowest high season summer months for vacation rentals in years. Hawaii visitors who stuck with their travel plans to the islands, received deals they had never dreamed of. Good for them. However, vacation condo rates did often not cover the expenses Maui condo owners have like high monthly maintenance and annual taxes. Good news: Winter months look much better for Maui vacation condos!

3. Maui condo Property Management

Be aware that renting your Maui condo as a vacation rental requires knowledge, business skills and means to advertise it. That's why the majority of Maui condo owners rely on property management companies. Maui property rental managements charge for booking and renting you condo fees between 20 - 25%. You might want to check and compare. I even found out that one of the biggest Maui management company charges a monthly fee whether they book your condo or not.

BTW, when you are not a permanent Hawaii resident, you need a Hawaii agent to act on your behalf which is another reason that Maui condo owners decide for a Maui property management company. Lots to think about when you want to make some money from your Maui vacation condo.

Do you think 'It's a good time to buy a Maui condo NOW?' Our Best Hawaii blog visitors and we'd love to hear from everybody, whether Hawaii realtor or lay people like us. Mahalo and aloha, Pua Hawaii Vacations

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Will Hawaii foreclosures help your dream of living in Hawaii

Dear Hawaii lovers and blog visitors,
Have you ever wondered what it would be like to live in Hawaii and whether it means 'Vacation forever'? I bet you did, and you are not alone. Most everybody who visited Hawaii once or twice or more times played with that idea. "What if we moved to Hawaii?"


The current real estate market in Hawaii seems to get you closer to fulfilling your dream of living in Hawaii by buying a home or a condo on the Hawaiian Islands at a cheap price you can afford. True or false?

Well, recently, on my daily perusing Hawaii tweets a tweet by @Starbulletin - or a retweet by a Hawaii twitter follower - got my attention. The tweet connected to an article by Honolulu Starbulletin published on June 13th about the ever growing number of foreclosures in Hawaii with the meaningful article title 'Realty investor Blues'. The Starbulletin article quotes some most recent Hawaii foreclosure numbers which are mind boggling but the numbers clearly reflect what is currently going on in Hawaii's real estate market.


There is no surprise that Hawaii with its larger percentage of second-home owners and investors compared to the rest of the nation jumped to #15 in May in foreclosures. 42% of foreclosures in Hawaii through the month of May were non-owner occupied properties. No surprise for me that Maui was having the lead with 50% of non-occupied foreclosures.

Naturally, this high number of foreclosures in Hawaii, a dream vacation or retirement location, triggers the interest of those who have a job and a steady income or enough cash money in searching for foreclosure deals in Hawaii. Just ask Google and type in the search for 'Hawaii Foreclosures' and the number of about 5million search results makes it clear that an entire new 'foreclosure industry' has developed in the Hawaii real estate market with realtors riding the wave of 'Hawaii foreclosures'.

On my personal search for putting this blog post together, I came across another interesting article regards the Hawaii Foreclosures published by Yahoo Finance News on June 11 which emphasized that "The islands now have the 15th highest foreclosure rate in the nation, at one in every 621 households. Local economists and foreclosure attorneys say Hawaii's foreclosure filings are growing as the recession leads to job and wage cuts. Declining property values are also making it harder for people to refinance their mortgages or sell their homes."

Coming back to our original question whether Hawaii foreclosures are getting you closer to becoming a homeowner in Hawaii and living in Hawaii. My personal lay person's humble opinion is that buying cheap foreclosure property in Hawaii looks easier than it is. Foreclosure properties will be auctioned off. The bank has a clear idea what they need to make to break even and where they want to start the bidding. In most cases, this is not the bottom price you have in mind.

Furthermore, mortgages for the average person are naturally harder to get these days. Also make sure that you have seen the home or the condo you are interested in buying as a foreclosure. Considering all pros and cons of a foreclosure purchase, it might be better to look for the real deal in a real estate market where the potential buyer has all the chances of negotiating the price he/she can afford instead of going 'treasure hunting' for a foreclosed property. This way you might be much closer to your dream of living in Hawaii. What's your opinion about Hawaii foreclosures? Mahalo, Pua Hawaii Vacations
p.s.
BTW, we won't publish comment ads by Hawaii foreclosure companies.

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Hawaii Condo for Sale

Dear Best Hawaii Vacation visitors,
After reading our New Year's Wishes on our 'Hau'oli Makahiki Hou' first blog post of 2009 and our Hawaii Real Estate 2009, a few of our Hawaii blog readers might have picked up the 'ancient' dream of moving to Hawaii or at least have a nice private Hawaii condo available for those tough winter months on the Mainland.

Guess what, the opportunity of purchasing a condo in Hawaii becomes more feasible by the months going by. Bargains for ocean view homes, like this luxury Home on the Kohala Coast, and Hawaiian island condos make buyers wonder whether it's time to buy Hawaii property now. My personal feeling is that Hawaii will always be a good real estate investment, even when it does not look like it at the moment.

The Hawaii real estate market will turn around, just as it did in the past. One never knows when it does take off again. Changes happen fast! If one does not want to lose low price chances to buy a Hawaii condo or home, hey why not make an offer at a price you think is a great investment for you. The seller might just jump on it.

Huge Price reduction for Molokai Resort Condo! NEW asking price $189,000!


Here is one of those great chances to own an ocean front condo on lovely Molokai. For $189,000 - remember the old asking was $229,000 - you can have your piece of Paradise waiting for you for your next vacation or for moving to the islands for good. This charming Oceanfront 1Bd/1Ba condo is completely renovated and upgraded with modern kitchen and lanai awaits you in a lush tropical setting and an inviting cool pool at the Molokai Shore beach resort.


Enjoy stunning sunsets; the morning stillness of the ocean; 'flying' fish jumping to catch a meal; hear the waves murmur on the coral reef a mile away; see the clouds unveiling the isle of Lanai across the channel; marvel at the old Molokai fish pond half forgotten built to raise fish for the alii - the royal Hawaiian chiefs; and all this from your lanai.


These are just a few of the many excitements awaiting you in Molokai. Molokai Shores is secluded and five minutes away from the main city Kaunakakai with its small shops, restaurants, banks, theater, and art galleries. Don't miss the 'Farmers Market' on Saturday mornings with it's incredible sweet fruit, fresh vegetables and local art displays. Molokai Shores is centrally located to tour the isle's spectacular and lush south east end with its beautiful rain forests and waterfalls, or the mile long white sand beaches on the west end of Molokai.


Community features of Molokai Shores are:
- Barbeque
- Picnic Tables
- Golf Course
- Tennis Courts
- Shuffle Board
- Laundry facilities, Beauty Salon.

All this awaits you at Molokai Shores of Kaunakakai, just seven miles from the Molokai Airport on the most Hawaiian Island of Molokai.

If you are interested in this Hawaii condo in Molokai, please, email us with subject line ' Hawaii condo for Sale' and we will connect you with the condo owner. Aloha, Pua, Hawaii Vacations

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Hawaii Real Estate Market 2009

Dear Best Hawaii Vacation blog visitors,
We hope that our wishes for the New Year 2009 for a Hawaii vacation or even a return visit to Hawaii will come true for you. As there are quite a number of people who don't only dream of a vacation in Hawaii but play with the idea of buying property in Hawaii, we thought we let our friend Bill Jardine, longtime Big Island realtor for the Kohala Coast, Waimea area, share his real estate wisdom with our Hawaii blog visitors. You really want to know what a Hawaii realtor thinks about buying Hawaii real estate in 2009, then keep reading:

Forecasting the 2009 Hawaii Real Estate Market

To buy or not to buy? That is the question …..

"We don’t want our clients to ever be members of that group. Yet, predict we must, and certain old rules may still be applied with some reasonable expectation of accuracy. For instance, we know that the supply and demand relationship will endure. There are too many resort condominiums, in my opinion, and I believe that many were built based on speculative demand versus owner/user demand. Accordingly, I think prices will have to fall a long way before those resort condos become cheap enough to recommend. On the other hand, we have a shortage of good acreage near town, so prices for that kind of thing don't really slump, since demand is owner/user based and is relatively steady.

This past year we have been working with many buyers who intend to take advantage of this current malaise in the real estate market, and most of them believe that you can make a great deal of equity by taking advantage of under-valued properties. For instance, let’s say that you can buy a rental house for substantially less than its replacement cost. That being the case, you will quickly gain the difference as the demand for Hawaii real estate gradually swells. At this point, there are many properties available at prices far below replacement value, and we expect our loan appraisals to exceed the purchase price by substantial margins.

Very soon the Baby Boomer generation will begin making their retirement plans, and some of them will want to be in Hawaii. Our market area, the west side of the Big Island, is the area most likely to see the creation of wonderful new retirement communities and facilities, because we have the room, the infrastructure, the weather and the medical facilities. There are all ready financial giants here who are participating in the growth of the area, and they are serious people with wonderful vision. If we were to attract just one-percent of the Baby Boomers we would need to create 70,000 new housing units to accommodate them all.

According to these simple, major factors, we think that demand for Hawaii real estate that will appeal to retirees should stiffen quite a bit over the next few years as our national economy recovers in more efficient condition than before. It seems to make sense that those who purchase at today’s deep discounts will be handsomely rewarded."

Please, be aware that Bill's point of view is his view as a buyer's agent. This is an excerpt of Bill's article. You can soon read the full article about the '2009 Hawaii Real Estate Market' on Bill's website Big Island Byers Brokers or find his other Hawaii real estate articles in the top of our 'Blog Guest Authors'. Much mahalo Bill for your insight.

So, what do you think about buying a condo or house in Hawaii, now or later? Mahalo and aloha, Pua Hawaii Vacations

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Best Price Hawaii Home for Sale

Kohala Coast Home for Sale on Hawaii Big Island - Ready to move to Hawaii?

This Kohala Coast Home is SOLD!

Our today's blog post will probably not only attract Hawaii visitors who love to surf on Maui for their best Hawaii vacation. Most everybody in love with Hawaii will get excited reading this new post from Best Hawaii Vacation Blog. How many times have you contemplated your options of moving to Hawaii for good after returning in the cold (or rain) from another Hawaii vacation!

Believe us this is a permanent topic when sitting in your Hawaii hotel jacuzzi and exchanging opinions with fellow hotel guests about severe weather reports from your Mainland homes. When enjoying the warm, sunny Hawaii weather at any time of the year, conversations about moving to Hawaii are heating up!

As we, the editors of Best Hawaii Vacation blog, are well aware of the relevance and importance of questions regards Moving to Hawaii and the Hawaii Real Estate market 2008 for our Hawaii return visitors, we made it one of our priorities to keep you informed about the situation with Hawaii homes for sale. Many tourists who have become annual Hawaii visitors are currently sitting in the 'starting blocks' for buying a Hawaii home or condo at the best price within the last decade.

Hawaii condos or homes for sale seem to become affordable for the average person again. Don't get me wrong. Hawaii home prices are still high. They will always be, compared to the national average. This comes with the most desired location of Hawaii. Everybody know by now that mortgages are not given out like hot crossed buns anymore after the mortgage industry got badly hurt from past greedy procedures. Anyhow, if you are ready to buy a Hawaii home at an amazing price, check out this ocean view Kohala Coast Home for Sale

HUGE $$$ Price Reduction: New Asking Price 989,000!!! This is as good as it gets for a Hawaii Home for Sale at a Premier ocean view location.

This 3Bd/3Ba 'Kohala By the Sea' home, custom built in 2003, offers sweeping ocean views from every room! Owner's are now offering this delightful home fully furnished if Buyer so wishes. Huge picture windows with jalousies beneath afford clear ocean views with plenty of air flow throughout the house.

Single level open living area offers comfortable island style living with large kitchen and great room opening up to spacious ocean view covered lanai. With two master suites and an additional guest room, 3 full bathrooms and extra space for office, this custom home has one of the best floor plans available. Plenty of room for an ocean view pool if one should want. Motivated Sellers will consider all reasonable offers.

Kohala Coast Home features include:

- Two master suites at either end of this Kohala Coast Home for sale. Both with stunning ocean views.
- Huge picture windows with jalousies beneath in all three bedrooms and great room allow for refreshing airflow throughout the house and gorgeous ocean views.
- Large ocean view covered lanai.
- Additional room off kitchen which is currently used as office.
- Mature tropical landscaping with coconut palms and bougainvilleas.
- Very private and peaceful.

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If you like this Big Island home on the sunny Kohala Coast near best beaches and would like some more information or see more house photos, visit our site for contact information and more. Good luck for finding Hawaii Real Estate at the best price. This Kohala Coast might be right for your life in Hawaii. Aloha, Pua Hawaii Vacations

Tags: Hawaii Home for Sale, Best price Hawaii home

Hawaii Real Estate Market 2008

Having spent your best vacation in Hawaii or on a Hawaii cruise vacation, makes a lot of people wonder what it would be like moving to Hawaii for good. It seems like the current Hawaii real estate market gets you closer to your dreams of living in Hawaii.

In September last year, we published a guest post by long time Hawaii realtor Bill Jardine about "Will falling prices in Hawaii Real Estate attract new home buyers"? As the real estate market in Hawaii and around the world is steadily changing, we thought, it's time to talk to Bill again. Read what Hawaii realtor Bill Jardine from the Big Island has to say on the current real estate market in Hawaii.

"Hawaii Real Estate Market 2008" by Bill Jardine from Big Island Buyer's Brokers

"Riding the Hawaii real estate market can be a lot like surfing. You don’t get to control the waves, but you sure can control how you are going to deal with them!

Living in Hawaii, we have an opportunity to see success and failure up close. There are those who have made great rides out of big waves as well as those who have been capsized by mere ripples. The difference between the two often seems to be their outlook on things. Those of us in the real estate agency business have been watching prices slowly fall as the natural real estate cycle recovers from the last big demand wave. Some are now crying that the market is bad, while others are calmly adjusting to reality.

The truth is that Sellers are asking too much money for their properties right now. It is really just as simple as that. When demand is high, prices rise. When demand slacks, prices fall.

Simple, simple, simple.

The problem is that there are real estate agencies willing to list properties at unrealistic prices. Think about it for a moment … If Sellers dropped prices by, say, 25%, don’t you think lots of those properties would sell? Pick any percentage you like, but the message is the same:
If Sellers adjusted prices to current demand, all properties would sell.

In the same token, if there were no real estate agencies that were willing to list properties at unrealistic prices, there wouldn’t be any over-priced listings.

There are lots of Realtors who made their reputations when selling property was easy and all they had to say to their clients was “Sure, we can try that.” They are still hoping that their lack of skill will work the way it did when rising demand would erase their short-comings.

The way to tell the difference between a good agency and a lousy one today is to offer them an over-priced listing. If they politely say “no” you are in good hands. If they say “Well, we can try that.”, you are probably dealing with someone perpetuating the problem rather than solving it. Meantime … if you want to get a property at a great price this is the time to do it. Aloha, Bill Big Island Buyer's Brokers"

Mahalo, Bill. True words spoken! Sellers in Hawaii adjust your prices and the buyers will come. Good luck for finding a nice home to buy in Hawaii. Aloha Pua Hawaii Vacations

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Will falling prices in Hawaii Real Estate attract new home buyers?

Aloha to all of you in love with Hawaii,
How many times have you dreamed of Hawaii vacation and then after coming back home dreamed of moving to the Hawaiian Islands for good! As most of you know the Hawaii Housing bubble burst with a big bang. Good times for new home buyers!

Read what long time Hawaii realtor Bill Jardine from Big Island Brokers has to say about the current Hawaii Real Estate market:

What is going on with Hawaii Real estate? Post written by Bill Jardine, Hawaii Realtor

"Let’s face it … there are an awful lot of people who would like to live in Hawaii, and a large percentage of those good folks are waiting for prices to go down!
If you figure there are over 70 million Baby Boomers that are about to retire and just one percent of them want to retire to Hawaii, that means the State of Hawaii has to produce 70,000 new units for the Boomer retirees alone! Good grief, that probably can’t be done!

As with any other commodity, Hawaii real estate pricing responds to supply and demand. Based on the Boomer retirement trend, demand is likely to go up … perhaps waay up … in another couple of years. At the same time, the anti-development crowd has been making new development ever more difficult and expensive. The result is that we are liable to see an extreme run up in Hawaii real estate prices soon. But right now ….

The trend in prices for residential real estate in Hawaii is down. Part of that is caused by folks who were dreaming big and now have to adjust their price expectations to the real world, but part is more interesting. There were a lot of speculators in the Hawaii real estate market place just two years ago, and they bet big, which means they are losing big.

For instance, there are Hawaii resort residential condominium projects that were coming on the market even as the real estate recession started to really hit home. Now you can buy resort condominiums in Hawaii at rock bottom prices and may see foreclosure prices even lower than that!

Oceanfront properties on the Big Island and other Hawiian Islands are holding their values, but there were many houses built for speculation alone, and we are seeing an avalanche of price reductions on most normal detached housing units at this time.

It is a great time to buy in Hawaii if you have good credit and can manage to own real estate without having to sell the stuff you all ready have.

Be sure to hire an exclusive buyers agent to represent you in order to get an agent who only cares about your interests. Too often a buyer will go directly to the agency that is selling the property, and in Hawaii that agent is required to report to the seller everything you mention. Full disclosure! Aloha, Bill Jardine – Big Island Buyers Brokers LLC"

We thank Bill for his great insight on the current Hawaii Real Estate market. So, if your are looking for a home to buy in Hawaii, take Bill's advice and look for a buyer's agent, who doesn't sell real estate and has nothing to sell, so there is no conflict of interest.

Good luck for finding your perfect Hawaii home or golfcourse condo for the retired couple for living in Hawaii for good. Aloha, Pua Hawaii Vacations Real Estate

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Donald Trump in Hawaii

Donald Trump in Hawaii
Or How to make 700 million dollars in 8 hours?

Well, enough of the Humpback whales in Hawaii for now. There is so much talk about the Hawaii housing bubble and that it’s time now to look for a home to buy in Hawaii… lowest prices within the last three years and more of those incentives to lure you into buying a house or condo in Hawaii and invest your money in Hawaii property.

I guess when you are Donald Trump, there is no such a thing like a wrong investment, despite of Rosie O’Donnell saying that he is bankrupt. As our slogan for this blog is ‘Vacation in Hawaii like Donald Trump - but cheap’, let’s see what the Donald is doing. Keep reading, as this is really getting interesting.

The much-watched Trump project broke ground in Waikiki on January 12, 2007.The Waikiki Beach Walk project is to be completed in 2009. Neither the Donald nor his all-star daughter Ivanka, who bought a unit in the tower during the record sell-out sale in November, attended the Waikiki groundbreaking festivities.

Trump announced last year his entrée into Hawaii's real estate market with building a Trump tower on Waikiki Beach, he created a buzz around the globe. He has put up similar towers in Las Vegas, Chicago, Miami Beach, Los Angeles and the Caribbean.

The project already has met with unprecedented demand. Units sold out for a total topping $700 million in just eight hours, setting world records for the total dollars and number of units changing hands at a residential development on a single day.
Buyers from Japan, China, Korea, Australia, Europe, Canada, Mexico, Hawaii and the mainland paid an average of $1.5 million for units. Prices at the Waikiki Trump Tower ranged from the mid-$400,000s for studios to more than $9 million for three-bedroom penthouses.

By the way, Honolulu Mayor Mufi Hannemann thinks that investment will be beneficial to Hawaii and its people but he also told Trump to “treat my people properly and utilize the aloha spirit in everything that you do." Trump answered: "No problem, I've done this all over the world."
Read the entire story by Honolulu Starbulletin on Trump Project on Waikiki Beach. Thinking about owning a home in Hawaii, see our Hawaii Real Estate market links or this Kohala Coast Home for Sale. This is a start. Not everybody can build a Tower on Waikiki Beach and make 700 million in 8 hours!!!

As usual, please, be invited to leave your comment. What do you think about the Hawaii Real Estate market? Is it time to invest in Hawaii properties or rather wait till prices go more down (if so)? Aloha, Pua Vacation in Hawaii Like Donald Trump - but cheap!

Tags: donald trump in hawaii, hawaii real estate

Big Island Housing Bubble

Big Island Housing Bubble

Let’s pick up where we stopped with our last post on the building or ‘overbuilding’ boom on the Kohala Coast and on Hawaii Big Island. Real Estate market in Hawaii and on the Mainland has been, and still is, an ever-discussed topic all through the year 2006. The so long predicted bursting of the housing bubble seemed to have finally happened or was it just stabilizing of the market or correction of overpricing, as some real estate analysts pointed out?

In January 2006 the available inventory island-wide began to increase as house sale prices declined. Interest rates remained stable, which was encouraging to buyers. The housing market showed a totally different picture this year than it showed in 2005. What will the new year 2007 bring for the Big Island real estate market?
The Hawaii Housing Bubble blog with Oahu and Mainland house sale stats offers some interesting insight into real estate ‘bubble’ facts in Hawaii and on the Mainland. If you are interested in buying a house in Hawaii, this information might be worthwhile reading. The more you read, the more you know. The decision-making is still up to you, just like in the stock market. Not all the predictions by the top analysts are the right ones. Some basic trends help though for making your own house buying or selling conclusions.

Here are a few stats backing the current real estate market on the Big Island:

The Kona Coast has 429 listings with a median asking price of $729,000, with 28 sales last month and a median price of $620,000.

Puna on Big Island’s East Coast currently has 611 active listings. Vacant lot sales and prices in East Hawaii have plunged steadily since November of 2005, according to information compiled from the Hawaii Information Service. Vacant land was a hot commodity last year as investors bought lots in hopes of flipping them for a good profit. But the slowing market made speculators move on, at least for the moment.

With an average Hilo home going for $350,000, buyers last month were paying $17,000 less than they were in November of 2005, with a 20 percent drop in sales volume. Hilo had 34 sales in November 2005 and 27 sales in November 2006.

Last but not least, high end homes over 1 million dollars on the Kohala Coast, such as Kohala Ranch, Kohala by the Sea and Kohala Estates are still at high demand. However, asking and selling prices for the medium range are falling in the Waimea/Kamuela area on the Kohala Coast, especially so in that odd area between worker housing and upper middle class properties $500K to $900K.

All the above stats are once again proving that it’s a buyer’s market, as we ended our most recent post. Some buyers are waiting for the market to swing even further their way in what experts have called a "market correction" after years of brisk sales and high prices, but remember ‘there is no place like Hawaii’ and properties on these islands are not unlimited!

Merry Christmas and aloha, Pua Kohala Coast Vacation Rental Guide

Tags: hawaii housing bubble, hawaii real estate

Realizing your dreams - Moving to Hawaii Big Island

Prices are Dropping - Real Estate Big Island New Market Analysis

Aloha Hawaii lovers. This is a good one!

Are you one of those Kohala Coast return visitors who dream of having their little piece of heaven in Hawaii? Well, your chances of being able to buy a nice Hawaii property seem to be rising by the day or at least, by the month. After prices for real estate and houses for sale on all Hawaiian Islands were skyrocketing for the last two years, the Hawaii real estate market came finally to stagnation, as watched in other states like Arizona and California, with houses sitting much longer on the market and prices being dropped for making the sale.

Of course, Kohala Coast property prices near the ocean or properties with ocean view are still not in the average, affordable category but being all the time in the heat by the ocean means high costs for air conditioning to stay comfortable and cool, plus tidal waves are not out of the picture. Nobody can predict Mother Nature! Here is a great alternative to ocean front properties.

If you are a lover of all the Kohala Coast white sand beaches like Hapuna Beach, Mauna Kea and Spencer Beach, you don’t need to go far inland or better upcountry in order to find a nice house in ‘cowboy land’ in the Waimea area with a short 10 – 15 minute drive to the coast. See what our realtor friend and longtime Waimea resident Bill Jardine has to say in his current Waimea real estate market analysis Market Update 2006

Interested? Here is a great Kohala Coast Home for Sale…beautiful 2-story Big Island home with mountain & ocean views in most desired area of dry/sunny side of Waimea in Kamuela View Estates on the sunny Kohala Coast. Downstairs ohana style 1 bedroom/1 bath guest apartment offers a perfect opportunity for a vacation rental for additional income.

Find more information on Kohala Coast and Big Island real estate & Big Island homes & land for sale on these Big Island real estate listings. Have fun contemplating your options for moving to Hawaii Big Island. Last but not least, don’t buy on vacation at the spur of the moment. Living in paradise is not for everyone. Make sure you and your family don’t mind being 2500 miles out in the middle of the largest ocean on this planet! Keep dreaming and planning! A hui hou. Pua www.kohalacoastweb.com

Tags: Hawaii Homes, Hawaii Real Estate