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November 2018

Found 5 blog entries for November 2018.

Happy Holidays!! When driving along the highway in Kailua Kona and South Kona you may be seeing the bright red of blooming poinsettias during the day and in the evening the bright lights that have gone up on the oceanfront businesses in Kailua Village. There is a slight chill in the air in the morning and the sight of Christmas trees on the tops of cars are all part of knowing the holiday season is here in West Hawaii. If you are planning on enjoying some fun things to do in West Hawaii for the 2018 Holiday Season, LUVA Real Estate suggests getting some of these dates on your calendar SOON, as much of the fun happens in the beginning of the December such as the culinary experience of Christmas with the Chefs and the annual Christmas Parade. We wish you

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LUVA Real Estate Announces New Oahu Branch Office LUVA Real Estate Services is expanding the company presence to Oahu by opening a brand new office located in beautiful Kailua which is now serving all of Oahu and Maui. Leading the growth and development are Brokers Kimi Correa and Derek Kamm, supported by a strong team of 14 full time agents.

“Our history stems from creative out of the box thinking. The original vision was a Big Island luxury boutique brand partnered with technology to provide the highest level of service to our clients.” explains Rebecca Morton, LUVA Real Estate, Broker in Charge. “We believe this industry is relationship driven. Human connection to each other, where we live, and our communities is fundamental to the LUVA work

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The national real estate market is softening, a trend that started in the summer, due to factors including rising interest rates and salaries not keeping up with the pace of a hot housing market. Now, as we enter the fall, markets around the country are seeing sellers dropping prices and West Hawaii is experiencing a slow down in the single home market with a 45% decrease year or year for homes in North Kona, according to data from the Hawaii Information Service.

Home sales dipped from 53 last October to 29 this year. In South Kohala, home sales dropped 24% from October 2017 from 25 last year to 19 this year. Home prices dropped 10% in North Kona year over year from $645,000 to $580,000, and dropped 4.61% in South Kohala from $608,000 last October to

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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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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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