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halii kai foreclosures: Halii Kai Update October 2011- Short sales and Developer still dominates - 10/11/11 06:22 PM
To date, there have been only three resales (non-developer sales) at Halii Kai that were not short sale or foreclosures. My partner Pam and I just listed and sold Halii Kai 15E for $1,050,000, and although the sellers brought money to closing, it did not go through the short sale process. In other words, there have only been a total of 20 resales at Halii Kai, of which 7 were bank-owned and 10 were short sales. All three of the non-distressed sales were direct oceanfront condos (and I can proudly say, all were my listings or co-listings). Excluding developer inventory, there … (7 comments)
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halii kai foreclosures: Two new short sale listings at Halii Kai at Waikoloa Beach Resort - 05/04/11 12:42 AM
In my previous reports this year on Halii Kai condos for sale, the market has been completely dominated by short sale, foreclosure and developer sales.
There is currently one REO (foreclosure) - Halii Kai 4B - still in escrow with at least two more in the pipeline.
There are currently five short sales at Halii Kai with accepted offers being presented to banks for approval, which as of yesterday would have left only four available. Coincidentally, all of them happen to be the groundfloor 3 bed/2 bath outside unit that is usually the most popular floorplan.
However, today we … (4 comments)
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halii kai foreclosures: Another Halii Kai Condo Foreclosure Sale - 04/25/11 10:19 PM
Yesterday's West Hawaii Today had a notice of foreclosure sale for a Halii Kai condo at Waikoloa Beach Resort. The ActiveRain blog post that has brought me more prospective buyers than any other was the announcement of the listing of Halii Kai 16C as a foreclosure--and this notice is for the mirror-image unit next door!
Careful distinctions are in order here. Usually when people ask me about "foreclosures" they are actually interested in what banks and real estate agents refer to as "REOs" or real estate owned by a lender after completion of the foreclosure process. Less commonly, they want to … (5 comments)
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halii kai foreclosures: Halii Kai Foreclosure, Short Sale and Developer Update - February 2011 - 02/25/11 08:18 PM
Even the buyer of foreclosure Halii Kai 24C (MLS 242791) can walk down to the Ocean Club for sunset
At the beginning of January I wrote a review of Halii Kai condo short sale and foreclosure activity and although this is titled February update, I have to confess that 7 weeks have passed. Since my previous post, all of the action has been in short sales, REOs, and DEVELOPER inventory, hence the revised title of this post. The activity over the past couple of weeks contains a few surprises.
SOLD SURPRISE
There was only one closed sale during this time … (1 comments)
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halii kai foreclosures: Halii Kai Short Sale and Foreclosure Update-January 2011 - 01/05/11 12:02 AM
View from Halii Kai 12H, now listed as a short sale at $999,000.
In the past month since my most recent market update, two REO (foreclosure) listings and two new short sales have appeared at Halii Kai in the Waikoloa Beach Resort. That means there are currently 18 Halii Kai condos for sale excluding developer listings:
6 short sales 2 REO (bank-owned) 10 non-distress listings. For reference, in 2010, what sold at Halii Kai was:
7 short sales 1 REO (the only one for sale) 1 non-distress oceanfront resale 13 developer sales. Foreclosures are the lowest priced condos for … (0 comments)
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halii kai foreclosures: Halii Kai Short Sale and Foreclosure Update - 12/01/10 06:47 PM
As I am still getting emails and calls from my July 2009 blog post about the first sweet deal in an REO (foreclosure) at Halii Kai at the Waikoloa Beach Resort, it is clearly time for an update.
With this view from oceanfront condos at Halii Kai, it is only a matter of time till they sell, with whale season upon us...
Halii Kai has been "hot" in 2010, with 20 sales recorded to date (and at least two of my short sale listings are set to close this month--please join me in knocking on koa wood). Of those 20 … (2 comments)
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halii kai foreclosures: Two Halii Kai Short Sales Back on the Market - 06/22/10 08:44 PM
Just when it looked as if all the short sale opportunities at the Halii Kai condos at Waikoloa Beach Resort were gone, two of the buyers had to cancel.
Halii Kai 16G, three bedroom three bath townhouse style with ocean view had lender approval at below the $750,000 asking price (with buyer to pay $30,000 of delinquent HOA dues), and the buyers were unable to move forward as the property they'd hoped to sell fell out of escrow.
Halii Kai 17D is a 2 bed, 2 bath ocean view unit that is fully furnished with consistent rental history. At only … (1 comments)
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halii kai foreclosures: Halii Kai Short Sale, Foreclosure, and Developer Update - 05/31/10 10:17 PM
Amazingly, I still get inquirires off my blog post from a year ago about the first REO properties listed at Halii Kai condominiums on the Kohala Coast (one was oceanfront 13A and the other ocean view 16C). I now have met the new owners of both of those properties, and both profess to be very happy with their purchase. So what's for sale (and selling) at Halii Kai as we roll into June 2010?
Surprisingly, only 7 properties have sold so far this year: four developer sales, two oceanfront two-bedrooms and a near-oceanfront two bedroom. The story on the three resale … (1 comments)
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halii kai foreclosures: More on those Halii Kai and Kolea Distress Sales - 01/17/10 07:26 PM
I have had about a dozen calls in the past ten days about short sales and REO (foreclosure) opportunities at oceanfront Halii Kai and Kolea on the Kohala Coast (playground of the Big Island of Hawaii). I have also been busy writing offers (some accepted, some countered too high, some outbid) and receiving offers on listings. Here is a quick update:
At Kolea, I spent a few very happy hours last night with a new owner who acted on one of the best buys blogged about here on ActiveRain in the past. This is their first visit since their purchase closed, … (5 comments)
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halii kai foreclosures: Update on Halii Kai and Kolea REO and Short Sales - 01/03/10 01:11 AM
I don't ordinarily spend my Saturday nights blogging, but I have just spent the day showing short sale, REO (foreclosure) and other best buy listings at Halii Kai and Kolea on the Big Island's Kohala Coast, and as I talk with these prospective buyers who found me on ActiveRain, I realize my earlier blog posts have become misleading!
As of today, there is only ONE active REO listing at Kolea and ONE active REO listing at Halii Kai. I must have shown each of these units dozens of times (Kolea 15H and Halii Kai 14B on the oceanfront), and even have … (0 comments)
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halii kai foreclosures: Halii Kai Oceanfront Community - latest REO and developer sales - 09/18/09 09:39 PM
There has been a lot of real estate sales activity at Halii Kai in the 3 months since my last blog post about this oceanfront condo community at the Waikoloa Beach Resort on the Kohala Coast.
On the resale side, the only condos that changed hands were the two REO properties described in my June blog post: an absolute oceanfront two-bedroom 13A closed for $814,995 and 16C for $385,900. Unbelievable prices-less than half what the original buyer paid.
The developer is willing to negotiate on their remaining inventory to keep pace with market interest, although it appears only on condos in … (0 comments)
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halii kai foreclosures: Halii Kai Oceanfront Community- REO and short sale week arrives - 06/06/09 05:54 PM
I've been posting regularly about the appearance of foreclosures at my two favorite Waikoloa Beach Resort communities, oceanfront Halii Kai and beachfront Kolea. Nothing is a sure thing when it comes to investing in real estate, but whether you are buying for your own use or for investment it is clear that if you can get an oceanfront, ocean view or walk-to-the-beach property for the same price or less than the hundreds of homes that do not share these attractive features, your better bet is to buy the property with scarcity value.
There were a few big news items in … (6 comments)
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Beth Thoma Robinson R(B) SFR - Hawaii Island Luxury Resort Real Estate
Hawi,
HI
More about me…
Hawaii Life Real Estate Brokers Big Island
Address: Hawi, Kapaau, North Kohala, Kohala Ranch, Mauna Lani, Mauna Kea, Waikoloa Beach, Hualalai, Kukio Resorts, Kamuela, HI, 96743
Office Phone: (800) 667-5028
Cell Phone: (808) 443-4588
Email Me
Why Hawaii? Why the Big Island? Why turn left from the Kona airport and head north to Kohala? And which community fits your lifestyle or investment strategy? Luxury residence, retirement home, resort second home, oceanview building site or agricultural property, we've got them all! Hawi Realtor Beth Thoma Robinson blogs to help you sort through your choices.
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