Connect

Find us on...

Dashboard

Login using...

New Search X

All Blog Entries by Admin LUVA

Found 107 blog entries published by Admin LUVA.

Total sales were on the rise in January 2020 on Oahu, with combined condominium and single-family home sales rose 12.6%. Single family home sales were up by 7.7% and condominium sales up by 16.3%. 

Looking closer at the 265 single family homes that sold last month, median sales price was $770,000 which is a slight increase over January 2019 by 0.3%. According to the Honolulu Board of Realtors, about 41% of these sales were between $600,000-$799,999 price range. In the Oahu condo market, the 379 sales in January 2020 had a median sales price of $429,000, a 7.5% price increase when compared to January 2019. The Honolulu Board of Realtors reported that the “most substantial portion of condominium sales occurred in the $300,000 - $499,999 price range,

133 Views, 0 Comments

We are a group of adventurers, dog lovers, surfers, activists, Netflix bingers, paddlers, caffeine addicts, parents, partners…the list could go on and on! One thing that we all have in common is, of course, our love for Real Estate. Every agent’s perspective and experience makes our LUVA Real Estate team who we are and we want to share with you our stories with our Agent Spotlight.

Sara joined LUVA Real Estate in 2014 and after working for three years as a transaction manager, office trainer, and salesperson, became a Broker in 2018 and is now the Broker-in-Charge for LUVA . Before entering into the real estate industry, Sara has past experiences in a multitude of venues including business, medical management and owned a clothing boutique. However,

198 Views, 0 Comments

 

 With the new year and new decade, we are looking forward to another year of steady growth on Oahu! The LUVA Real Estate team on Oahu has remained busy over the holiday season, Broker Kimi Correa stating that “buyers are active, there are multiple choices for them so they have the convenience of taking some time in the decision making process before jumping in and making an offer on a property.” Also, with the Blue Water Navy Act kicking in this month, she feels it will help push some VA buyers further along the home buying process who have been holding off on making purchases.” Read more about the impacts that the Blue Water Navy Vietnam Veterans Act will have on VA loans here. 

 

December 2019 Sales Statistics 
The single-family home market on

161 Views, 0 Comments

We are a group of adventurers, dog lovers, surfers, activists, Netflix bingers, paddlers, caffeine addicts, parents, partners…the list could go on and on! One thing that we all have in common is, of course, our love for Real Estate. Every agent’s perspective and experience makes our LUVA Real Estate team who we are and we want to share with you our stories with our Agent Spotlight.

Lance has been a full time Realtor in Kona since 2004 and joined LUVA as one of the very first agents in 2012. Kimi Nagatoshi joined the firm three years later in 2015. Lance & Kimi are well known throughout both the realtor and local Big Island community. From their involvement in West Hawaii Association of Realtors, the Big Island Chocolate Festival, and the Big Island

119 Views, 0 Comments

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

2,697 Views, 0 Comments

Sept Event Calendar

As we enjoy the clearest skies West Hawaii has had since 2007, LUVA Real Estate is betting that attending ANY event in September is going to be amazing! This month you can run, golf and eat at the Four Seasons Resort and support cancer research, listen to steel guitar and Hawaiian falsetto and enjoy a kapuna hula festival through the Hawaii Island Festival, get your sci-fi/fantasy kicks at HawaiiCon, and finally enjoy the re-opening of Volcanoes National Park! Truly a taste of Hawaii for all the senses!

 

What: Annual Run For Hope Race Weekend

When:  September 7-9, 2018

Where: Four Seasons Resort - Hualalai

 

Run For Hope is a non-competitive 10K Run & 5K Run/Walk event . Proceeds from this event benefit cancer research in Hawai'i.

1,989 Views, 0 Comments

HARPTA IncreaseTackling Your West Hawaii Home Energy Expenses With Solar

With energy costs in Hawaii being the most expensive in the nation, looking at the potential cost of your monthly energy bill is as important as considering other large expenses for your home like HOA fees and taxes. While LUVA Real Estate focuses on helping you find the home of your dreams, there are a few companies in West Hawaii that can help you understand the costs of solar so you can control your monthly energy costs.

First some background information:
Solar costs have declined significantly, and are at their lowest point in over 30 years. Solar is now more affordable than ever and advances in technology have improved system quality and design. In 2017, there was more new solar power

1,310 Views, 1 Comment

HARPTA IncreaseHARPTA Withholding Tax For Non-Resident Sellers Rises Next Month

When a homeowner who is not a legal resident of the state of Hawaii decides to sell their property, the Hawaii Real Property Tax Act (HARPTA) goes into effect to ensure the state collects taxes it may be due if the property owner had not paid enough general excise or transient taxes while they owned the property. Also, HARPTA was enacted to provide a means for the state to collect capital gains taxes from absentee owners.

New Law Raises Amount of Withholding: Hawaiʻi Revised Statutes §235-68
LUVA Real Estate keeps informed about state and local bills and laws that go into effect that have a financial effect on our clients. We wanted to inform you that the law regarding raising the

6,211 Views, 0 Comments

July StatsDuring the three months that the Kīlauea eruption has been going on, people have continued to purchase homes, but not in the force they were out in last year at this time, as some would- be-homeowners took a “wait and see” approach due to the lava activity on the East side of the island.

The housing market in North Kona saw a significant drop in sales volume compared to July 2017, but it only took a 6% price dip. Sales volume dropped 48% for single family homes and 46% for condos in North Kona year over year. The median price for a single-family home in North Kona was $656,000 last year and $616,408 this year. Year to date, the price of single-family homes has risen 10%, but for condos, prices have fallen 13%, according to statistics provided by Hawaii

710 Views, 0 Comments

June is a time for families to come to Hawaii Island and enjoy summer vacation and long days at the beach and pool. For residents of West Hawaii, we are still trying to find a new normal of an active lava flow in Puna that now looks as if it will be a long lasting volcanic vent, which we are watching on the nightly news or in the newspaper as to what long term impacts it will have to the island.

The good news is that we are 100 miles from the lava activity, donation drives are in full swing in West Hawaii to help the displaced residents of Puna and LUVA Real Estate agents and friends are working to let people know that Hawaii is open for business. We hope you will come out and support these local events and our local vendors and businesses. Mahalo!

324 Views, 0 Comments