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Real Estate

Found 38 blog entries about Real Estate.

In his recent presentation to Hawaii and Kauai Island Realtors, Economist Paul Brewbaker called the pandemic a “Black Swan event – rare, unpredictable and impactful.” He went on to say that trying to forecast such an event is not possible, since we have never seen a situation like this unfold. The Hawaiian economy has taken a difficult hit with a reported 29% of workers filing for first-time unemployment since Mid-March. With tourism in Hawaii essentially on hold, mainland buyers are having to rely on virtual tours and showings if they want to move forward with their purchases. For many buyers, not being able to view the property in person is bringing their real estate searches to a pause. For other mainland buyers, the pandemic has motivated them to make

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As we enter the second full month of the stay-at-home order here in Hawaii, we continue to adapt to the changes happening around our local Big Island and Oahu community. At the same time that we are staying physically distant, we feel the need and have a desire to support the businesses that keep our local economy moving along.    

SHOP LOCALLY / Hawaii has a talented pool of local artisans and small-business owners who rely heavily on tourism to keep their businesses afloat. Our ohana at LUVA Real Estate recognizes the importance of small-businesses and feel that the locally made and carefully curated products that they sell are part of what makes our community unique. We don’t want to see them go away! Our agents are supporting our Hawaii economy by

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Amber is a native of New Smyrna Beach, Florida and attended Flagler College where she received a bachelor’s degree in business administration. After graduation, her travels took her further and further West. When she landed on Big Island in 2009, she knew she had found her home. For the first two years she lived on the East side of the island, before planting roots in West Hawaii. She is an avid nature lover and adventure seeker and has explored some of the most remote places on Big Island. She knows the island well and has a deep affinity for Hawaiian history and culture. Amber prides herself in building long lasting relationships and her involvement in the West Hawaii community is a testament to this. She has a natural ability to connect with others,

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We are all undoubtably spending a lot more time at home than usual during the mandated stay-at-home order. If you normally spend a lot of time outside of your house then the last month has probably been a bit different actually living at home. 

 With so much extra time at home, we are spending much more time in the kitchen, at our home computers, using more air conditioning (or heat depending on where you are), using more water, etc. All of these things use energy and are all contributing to your home’s energy consumption. With such an increase in energy consumption, you can expect your utility bills to jump over the next few months. My energy consumption is something I have always been concerned with and I am always trying to find new ways to reduce

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As we look at the Oahu market over the past month, real estate activity and numbers have been remained steady and comparable to 2019. In March, single-family home sales were up, while condo sales and new listings were down. With the stay at-home-order going into effect in Hawaii on March 23, by the end of the month most brokerages had adapted drastic measures to take their businesses virtual in order to keep the housing market moving forward. LUVA Broker Kimi Correa and her team on Oahu mentioned that they have been busy, and while some buyers that were newer to the market have pushed pause, they have had lots of buyers who are pushing forward with properties and buyers that have been in the market for a while who are seeing a potential opportunity,

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As with industries across the globe, the real estate market is experiencing a great deal of uncertainty and change. While experts agree that it is still too early to see the overall impacts that the pandemic will have on the housing market, on a local level we are beginning to see some signs of changes that are already taking place. Our Broker-in-Charge Sara Layne Pedro commented that “it’s a split between those wanting to push forward quickly and those wanting to push pause to see what happens.” LUVA Real Estate Agents are busy working from their homes to help clients who are ready to push forward and with 43 new listings in West Hawaii in the last 7 days and 16 properties going into escrow, the housing market is moving forward!west hawaii real estate market april 2020

March started out

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 Marty has been in real estate for 19 years, attaining his license in 2001 and his broker’s license in 2004. He joined LUVA Real Estate five years ago after spending seven years working as the Broker-in-Charge for a large brokerage on island. He has been a Big Island resident for 40 years and lived in the state of Hawaii for almost 50 years. Marty is an active member in the West Hawaii Realtor community and has served as a Director on the Association board.

Marty’s career began not in real estate but in the technology industry where he worked for 25 years as a software engineer. During his career in the tech industry he mostly worked as an independent contractor and would often teach software and computer courses at the University of Hawaii. Also, he

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As you may have guessed, our monthly guide to West Hawaii Events will look a little different this month. Here at LUVA Real Estate we felt that it is a a good time to share some of the virtual happenings that are keeping us connected and entertained during the COVID-19 pandemic. While we are being called to stay home and stay physically distanced, community connection is still as essential as ever! Here are a few of our favorite ways to keep busy and stay connected during this stay-at-home mandate.

computer on couch with blankets and pillow

Online Cooking Classes | Online cooking classes are popping up all over the world, no matter what cuisine you are inspired to cook, there is a cooking class available for you. Locally, Papa Kona Restaurant, has launched an online Facebook series

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LUVA Real Estate has taken the recent pandemic of COVID-19 very seriously and have been working with our agents to create a plan that keeps our clients, our vendors and our agents as safe as possible. Here is what we are currently doing:

- We have increased the amount of virtual tours we are offering buyer clients. We often work with clients located on the mainland, so virtual tours are nothing new to us. Now, we are encouraging agents to rely on virtual tours as a way to “show” property to our on-island clients to avoid unnecessary physical interaction.

- Hosting virtual open houses by utilizing Matterport. Matterport is a great tool that allows people to virtually walk through properties, at their own pace, from the comfort of their own homes.

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Mortgage rates continue to be at record-breaking lows and the number of recent sales last month shows that buyers have been, and continue to be, very active. Hawaii Central reported home sales on Oahu are up by 19% year over year. With the coronavirus stirring up concerns in the national economy, we will see if there are any impacts on the real estate market in the next coming months. In a recent Star Advertiser article, Carl Bonham, the executive director of the University of Hawaii Economic Research Organization stated that he “anticipates that homebuyers will continue to drive steady activity as they take advantage of historically low interest rates.” He believes that while the interest rate cuts have supported Oahu real estate, it is still too early

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