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LUVA Real Estate Blog

Going back to school in the Fall is an exciting time for many school children across Hawaii, however, for some local children, single parents scramble to be able to afford new clothes and school supplies to send kids confidently into the next grade up.

LUVA Real Estate agent, Jonika MacDonald helped spearhead a fundraiser to purchase new outfits for school children along with the local chapter of the Young Professionals Networking Group (YPN) of the West Hawaii Association of Realtors for a “Back-to-School Bash and Clothing Drive” in late July. The Realtors joined forces with a variety of local business people to purchase and distribute clothing and supplies to hundreds of students from Kindergarten to 7th grade in West Hawaii.

“We reached out to

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In this era of sustainability, many people have their eyes on living a completely sustainable lifestyle by living off the grid. And what better place they believe to do this than in Hawaii?

LUVA Real Estate agents have completed land sales to people ready to harness solar energy, use catchment tanks, plant their own fruit trees and cut the ties that bind most of us to monthly bills. Cutting the ties is also slicing the security of a network of infrastructure that makes our day to day life easier. Are you looking for this lifestyle?

The “off grid” life is one of doing more work for more freedom. It takes commitment to lessen your energy consumption and grow your food and capture your water. If you are considering this lifestyle, we offer resources

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July West Hawaii Real Estate update The summer doldrums are here and the housing market is cruising along without too many ups and downs.

Overall, LUVA Real Estate Realtors noted seeing homes placed on the market in the spring where the listing prices were elevated due to hopeful sellers. Now some of those homes have been sitting on the market for 60 days and prices are starting to soften.

LUVA Realtor, Linda Swanson, remarked that sellers right now need to be working with a knowledgable agent who has gone on broker tours and has studied the available inventory to get a really good handle on pricing in order to put a realistic listing price on a home when it first hits the market. “If the price is too high, it sits. And when all the local agents and their buyers see it, and realize

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If you have been following the Hawaii County Bill 108 saga, you know many off island investors have been impacted by the new rules placed on short term vacation rentals on Hawaii Island. Property owners have been fuming for months over the loss of income and opportunity to rent out their homes if they are located outside of the approved resort zoned areas as soon as the law goes into effect in September 2019.

Recently, Oahu went even further to curb the rush to use hosted platforms such as AirBnB and VRBO when it passed an ordinance called Bill 89 on June 25, 2019. The bill was created to stem the negative effects to local neighborhoods where homes were being purchased by investors and turned into vacation homes. From the bill, it states that

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Time to celebrate summer and the best way to do that is to join in on all the celebrations of our nation’s birthday on Thursday! LUVA Real Estate wishes everyone a very happy 4th of July week! Other events of note are the events at the Hulile’e Palace. If you enjoy Hawaiian storytelling and entertainment, you get two chances this month to experience the Aloha!

WHAT: KAILUA-KONA INDEPENDENCE DAY PARADE AND FIREWORKS

WHEN: July 4, 2019

WHERE: Kailua Village (downtown Kona)

The annual Kailua-Kona Independence Day Parade will begin at 6:00pm at the Kekua'okalani Gym, proceed along Ali'i Drive, and finish at the Royal Kona Resort. There will be seven announcer stations throughout the parade. Check www.ParadesInKona.com for locations. Fireworks over

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Photo courtesy of Kona Reef  Looking for the fun for the 4th in Kona? The 24th annual Kailua-Kona Fourth of July Parade will begin at 6pm. If you do it right, you will find a great seat along the sea wall to watch the parade, and then when the fireworks begin over Kailua Bay at 8 pm, you can just spin around and watch the light show! Bring a picnic and make an evening of it. For more information and donations, see Parades in Kona.com.

For adults, the fun can be had at any one of the bars along Alii Drive as most will have a view of the parade as it comes down the street. For the bars along the water front, you can watch the parade AND the fireworks. Gertrudes's Jazz Bar is taking reservations for their view tables as they are on the second floor and look down upon Alii Drive AND

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As we head into the slower summer real estate market, LUVA Real Estate agents are seeing more inventory on the market with some price drops. Overall, this is a great time for buyers as interest rates have dropped to rates that are the lowest in years.

This is the last month until December that we can compare year over year data, for as you may recall, the eruption occurred in East Hawaii in early May of 2018 which then skewed the housing statistics for the entire island from June to November 2018. Looking back from this time last year, with our beautiful blue skies, inactive Kilauea volcano and solid real estate market, we are grateful!

Sales are on the uptick for single family homes in North Kona according to the Hawaii Information Service, as year

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Happy Summer! Longer days, later sunsets and warmer ocean water are here. We also have quite a few outdoor events this month in Kona and around Hawaii that are fun for the whole family with kids out of school now. From running to live music to a BrewFest in Hilo, lots to enjoy this month!

LUVA Real Estate agents are busy showing homes to families and retirees here getting ready for the fall and winter season. If you are on island, we hope you are taking advantage of the freedom and fun of summer!

WHAT: FIRST FRIDAY CELEBRATION

WHEN: June 7th, 2019

WHERE:- Holualoa Village

Holualoa Village galleries will feature new art and artists, tasty street eats and music all along Mamalahoa Highway through town during the monthly Art-After-Dark event

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Thinking of a move to Hawaii? You may be researching what it takes to make the leap and move to Hawaii and LUVA Real Estate would like to offer you some helpful links and advice to make the transition easier if you do decide to make Hawaii home either as a renter or a homebuyer. (Of course, we would LOVE to sell you a home!)

Here are a few tips to keep in mind:

  • Do your research so you have a better idea of what it entails to move yourself, family and pets to an island. Below are great resources for you to start with.
  • Include the cost of your move into your plans. Some people can literally arrive off the plane with only what they can carry on board and set up shop on the island by buying what they need once they arrive. If that’s you, great. If
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Condos are still hot, hot, hot in North Kona and South Kohala with condo prices increasing 13.85% year over year and 5.70% since the beginning of 2019 to $370,000 up from $325,000 last year according to the Hawaii Information Service.

The number of sales of condos in North Kona increased 15.69% year over year with 51 closed sales in 2018 and 59 in 2019. South Kohala saw a 3.82% increase in the median price from January to April, 2019, although down 1.5% year over year. The median price for condos was $549,500 in April 2018 and $541,160 in April 2019. The number of condos sold rose from 35 closed sales in April 2018 to 40 closed sales in April 2019.

Lance Owens, LUVA Real Estate and past President of the West Hawaii Association of Realtors, explained

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