West Hawaii Real Estate Update January 2024

How's the market in West Hawaii? Sellers are getting a bit less than full asking price for their homes, more inventory is coming onto the market, well priced homes and condos are leaving the market quickly, while homes that are overpriced are sitting, signaling the fact that buyers are becoming very savvy about the current real estate market. The looking interest rate cuts will be something to watch as we move into spring, too!
Join Lance Owens, LUVA Real Estate and Julie Ziemelis, Real Broker as we discuss the stats and trends of the market!
Join our 365Ohana on www.365HawaiiLiving.com if you'd like to purchase a home on Hawaii Island or be referred to agents on other islands!
Eric and Julie Ziemelis offer marketing expertise to home sellers with a large group of buyers from our private Facebook group, our real estate UA-cam channel and our extensive email list of potential buyers. For Buyers, we offer expertise and resources to ensure we remove the uncertainly from the experience AND provide a community you can reach into for information about moving and events to help you create friendships when you arrive. A full circle Ohana experience!
We also partner with these fabulous Realtors and mortgage pros to help you buy or sell around the island. Looking for connections? Contact us!
Julie Ziemelis | RS-85062
REAL Broker
[e-mail]
808-785-2898
www.365hawaiiliving.com

[@jadineberg7875]

Even if you don’t go with Kaiser for your healthcare, and have Medicare Part G, there are specialists like Nephrologists, in Kona.

[@Bobchai]

I am 72 and still working. Friends who are also working have been with Kaiser. I am with HMSA, a Hawaiian health insurance company, and they are fantastic. HMSA often finds local doctors for various procedures like eye cataract surgery. Dr. Driscol
in Hilo is fantastic, one of the best. With Kaiser I would have been sent to Honolulu.
I'm not knocking Kaiser, but HMSA is funding my prostate function (with surgery at Kona Community Hospital), my prostate cancer, my colitis, and my soon-to-be open heart surgery (in Honolulu).
I expect I'll be a perfect human specimen when it's over. Like your associate Lance Owens, I was never sick in my life before this and now it's all coming at once.
Although Kaiser has some wonderful new facilities in Kona, for me, HMSA is the best. My co-pays are so low, I'm embarrassed to pay them.

[@Bobchai]

For those getting discouraged by watching this video, the market is skewed by wealthy buyers of luxury properties. In reality, "median price" means half of the homes or condos sold for less than the median "average" (and half, of course, sold for more).
$1 million average selling price on only about 25 units a month is a very shaky number. By Santa Rosa, California standards, a medium-sized city, we used to average 1,000 transactions a month, not 25, to determine our median prices..
All it takes is one luxury sale of $3.5 million of one custom home to blow the asking price of an average, modest 1200 sq ft 3 bedroom, 2 bath older home into the stratosphere. That's absurd.
If you are looking in older neighborhoods In Kona, you may still find some nice homes which are well under the $million median, and quite a few in the lower ranges.