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LUVA Real Estate Blog

Would be real estate investors and retirees who are considering purchasing a condo or single family home in West Hawaii and using it for a short term rental until they can move to Hawaii or for long term investment opportunities should be watching Bill 108 wend its way through the County Council on the way to the Mayor’s desk to be signed into law in 2019.

Bill 108 is an attempt to prohibit unhosted short-term rentals in residential and agricultural zones, while allowing them in hotel and resort zones as well as commercial districts. Existing rentals in disallowed areas would be grandfathered in after obtaining a nonconforming use certificate. The measure’s purpose is to “manage the impacts” of short-term rentals and would not apply to hosted bed and

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Would be real estate investors and retirees who are considering purchasing a condo or single family home in West Hawaii and using it for a short term rental until they can move to Hawaii or for long term investment opportunities should be watching Bill 108 wend its way through the County Council on the way to the Mayor’s desk to be signed into law in 2019.

Bill 108 is an attempt to prohibit unhosted short-term rentals in residential and agricultural zones, while allowing them in hotel and resort zones as well as commercial districts. Existing rentals in disallowed areas would be grandfathered in after obtaining a nonconforming use certificate. The measure’s purpose is to “manage the impacts” of short-term rentals and would not apply to hosted bed and

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Did you know that the Kona Coffee Cultural Festival kicks off for its 48th year on the Kona Coast on November 9th? This festival is a fantastic blend of culture and caffeine! The coffee festival has many components over its 9 day run, so it has much more than just tasting coffee. A relatively new food festival celebrating macadamia nuts and coconuts is mid-month and then we get ready for the holidays! LUVA Real Estate proudly provides this calendar for you to learn about all the amazing things to see and do in West Hawaii.

What: HOLUALOA VILLAGE COFFEE & ART STROLL - KONA

When: November 3, 2018 from 9am-3pm Where: The art district of Holualoa Village Stroll through the village and visit galleries exhibiting an extensive collection of local artists.

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Did you know that U.S. News and World Reports recently named Hawaii Island as the NUMBER ONE top winter destination in the WORLD? That is a pretty amazing title to give to an island that many people only know from our recent volcanic eruption. What we were surprised about was that the journalist who reported about our island had this to say, “ “In Hawaii, the Big Island is like the sometimes awkward older sibling. Forgotten in favor of adorable little brothers and sisters, her attributes are often glossed over. Maui is for fun and families. Oahu attracts surfers, partiers and outdoor adventurers. Kauai is for romance and luxury. And the Big Island is just … big”. Read The Article Here 

Just big. If you love the Big Island, than you may be

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LUVA Real Estate agents have been busy showing homes during Ironman week to potential homebuyers who are elated at the clean air and gorgeous skies we have been enjoying. Interest is up and and so are prices in West Hawaii, although sales volume and number of homes sold are down a bit from last month. An important factor to look at when we review the September sales numbers is the rise in interest rates and the very real possibility of further interest rate hikes in December. The homes that are selling quickly are not the ones at the bottom of the market, which are usually the realm of first time home buyers who are now sitting on the sidelines waiting for their next move.

Homebuyers who have made plans to move to the island with retirement

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When you think of luxury Hawaii homes, you know there will be a beautiful kitchen, a gorgeous pool and a fantastic view, but how about a carriage house for your collection of off road vehicles? LUVA Real Estate agent, Kimi Correa, is listing a unique property in the beautiful town of Kula on Maui with a selling price of $15 million. Here is the property description:

Nestled amidst the clouds in Maui you will find a Hawaiian estate like no other. Welcome to Moemalie, “A Place of Peaceful Rest”. Exquisitely landscaped and furnished, the Estate boasts a Mansion ( with a traditional accordion cage elevator), an apartment above the 3-car garage, a single level cottage, a two-story gate house, a 9 car garage building, a pool pavilion with an over-sized

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We are sure you have heard of the famous phrase, “Buy Low, Sell High”, right? Trying to time the housing market so you sell at the top and can still get into another home so it seems like a bargain is harder than it seems. But there are times when you look at leading indicators to give you a clue and those clues are showing up right now.  If you have been seriously considering the idea of making your big move or downsizing and buying a retirement/income home in West Hawaii, this may be the right time. Here are five clues to a changing market.

 

1. According to a recent article published in the New York Times, nationwide, sales of previously owned homes fell 1.5 percent in August from a year earlier, according to the National Association of

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What’s Happening in October in West Hawaii?

We may not have yellow leaves turning to fiery red this month, but you can feel the change in the morning air and start to see athletes running down Alii Drive and bicycling down Queen K in preparation for IronMan. LUVA Real Estate knows Fall signals change and we have some of our own changes coming up later this month which we will reveal later. In the meantime, here are some of the fun things you can do in October in West Hawaii!

 

What: AstroDay Kona

When: Saturday, October 6 from 11 am – 3 pm

Where: Kona Commons Shopping Center

 

AstroDay returns to bring science fun to West Hawaiʻi residents for a  free, family-oriented, science celebration. Explore dozens of fun and educational

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A mini-construction boom has hit West Hawaii this year with plenty of new and renovated properties and commercial developments coming online in the next six months to two years. LUVA Real Estate agents are ready to show you new homes in up and coming developments and can give you more information as time goes on about the commercial developments, as well.

 

Let’s start with some of the new commercial developments that are bringing some new businesses to West Hawaii:

 

 

 

BREW

Development also continues at BREW, a 6-acre site that Manini Holdings managing partner Mattson Davis said is envisioned as “Kona’s gathering place.”

BREW spans three lots around Pawai Place and is anchored by the Kona Brewing Co. brewery and pub at the

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Sept Market Update

If you ask local merchants how is the market, they will tell you it has been one heck of a slow summer due to the VOG and eruption that started in May and finally ended in early August. Real estate followed much of that same lead, with buyers pulling back to see what was going to happen with the market.  Now that the eruption has ceased, the blue sky days are magnificent and you can see the sun diamonds sparkling upon the ocean, the buyers are coming back into the market.

Lance Owens, LUVA Real Estate agent and the President of the West Hawaii Association of Realtors said, “Basically the market is making a strong recovery.  Remember that the August numbers reflect month two of the lava flow and considering that July was off by 48 and 46% in terms

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