halii kai short sale: Halii Kai-Developer and Short Sales going...going...g... - 02/20/12 02:46 AM
If you are still looking for a deal at oceanfront Halii Kai at Waikoloa Beach Resort, here's a rather sobering report.

Whale watching from the Halii Kai Ocean Club is popular with owners and rental guests.
All Halii Kai Short Sales Currently Have Offers
For the first time in several years, there are no active short sale listings at Halii Kai.  There are seven short sales showing "contingent" which means anything from a new offer was just submitted to the banks for approval, to escrow having been opened. Those in early stages would probably still accept back-up offers.
Halii Kai … (0 comments)

halii kai short sale: Halii Kai Update - January 2012 - 01/06/12 12:17 PM
For the first time in several years, as 2012 begins there is not a single 3-bedroom Halii Kai condo for sale that is a distressed property (short sale or bank-owned "REO" post-foreclosure).  
As reported in my October Halii Kai update, the developer is nearly sold out.  They actually released their model home of the groundfloor 3bed/2bath Kipuka floorplan as they have nothing left in this floorplan.  And there are no short sales without offers in this popular floorplan either!  The two least expensive choices are both in Building 17...$500-549,000 asking prices for a furnished condo with rental bookings in place.

halii kai short sale: Halii Kai Update October 2011- Short sales and Developer still dominates - 10/11/11 11:22 AM
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)

halii kai short sale: Two new short sale listings at Halii Kai at Waikoloa Beach Resort - 05/03/11 05:42 PM
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)

halii kai short sale: Another Halii Kai Condo Foreclosure Sale - 04/25/11 03:19 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)

halii kai short sale: Halii Kai Foreclosure, Short Sale and Developer Update - February 2011 - 02/25/11 12:18 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.
There was only one closed sale during this time … (1 comments)

halii kai short sale: Bring an Offer on Best Ocean View Deal at Halii Kai - 02/16/11 04:22 PM
Feb 19, 2011 NOTE:Thanks to this blog post we got in an offer and were able to postpone the short sale! But there are more deals at Halii Kai waiting for buyers...

Ocean view from Halii Kai 9C short sale...wake up to this!  MLS 227346
Here is the most ironic situation I have faced as a short sale listing agent.  A beautiful ocean view condo at Halii Kai, one of the rare Mahana 2 bed/2 bath units to have a garage rather than a carport, is about to go to foreclosure unless I get an offer in the next 18 … (0 comments)

halii kai short sale: Halii Kai Short Sale and Foreclosure Update-January 2011 - 01/04/11 04:02 PM

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)

halii kai short sale: Halii Kai Short Sale and Foreclosure Update - 12/01/10 10:47 AM
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)

halii kai short sale: Halii Kai Market Update--Developer and Short Sales still dominate - 09/01/10 08:03 AM
Yesterday the developer sales team at Halii Kai announced that the sale was final on one of their remaining ocean view units in this year's most popular "Ho'oulu" larger 2BR/2BA sales plan (Halii Kai 6A for $605,000).  The real news here is that despite their previous assertion that after the big reduction the prices on ocean view condos were not negotiable, the asking price on this unit was $625,000.  The developer ocean view I would target to sell next is the groundfloor 3/2 7E listed at $770,000.
They also put one of the smaller 2/2 floorplan in the garden view Coconut … (0 comments)

halii kai short sale: Lowest price EVER at Hali'i Kai at Waikoloa Beach Resort - 07/29/10 01:04 PM

Another price reduction today to an amazing $339,000 takes the short sale listing on Halii Kai 24C (MLS 234527) to the lowest price ever asked for a Halii Kai condo.  This 2BR/2BA condo in the Coconut Grove has a peaceful garden view, and a short walk to the oceanfront pool with its private club restaurant.  Even shorter walk to the tennis courts! For perspective, the original owner paid a few dollars short of $600,000.
The remaining developer units are priced at or above $395,000.  Just a few buildings away, 21B closed for $400,000 two weeks ago.
Will the lender accept … (4 comments)

halii kai short sale: Two Halii Kai Short Sales Back on the Market - 06/22/10 01:44 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)

halii kai short sale: Halii Kai Short Sale, Foreclosure, and Developer Update - 05/31/10 03:17 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)

halii kai short sale: Developer Prices Reduced at Halii Kai on the Kohala Coast - 02/05/10 01:47 PM

Had lunch at the Hali'i Kai Ocean Club Bar & Grill today and watched the whales jumping like popcorn popping.  The developer sponsored today's Kohala Coast broker caravan so after previewing the best new listings for sale from Hualalai Resort north to Mauna Kea Resort, agents could enjoy the view and food, and hear about reduced pricing on remaining developer units for sale.
Resort real estate continues to be hot at the moment, with the majority of the sales either short sale, foreclosure or developer properties.  About half of all sales at Waikoloa Beach Resort last year were at Halii … (3 comments)

halii kai short sale: More on those Halii Kai and Kolea Distress Sales - 01/17/10 11:26 AM
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)

halii kai short sale: New short sale at Halii Kai - 11/19/09 07:29 AM
During my well-earned three-week vacation in Europe, the colleague who was covering for me wrote offers at the oceanfront Halii Kai condominiums for two of my clients!  Halii Kai at the Waikoloa Beach Resort continues to be a hot spot, with REOs, short sales, and developer sales dominating.  Two developer sales are scheduled to close this month, with buyers represented by myself and another Hawaii Life agent.
Today I listed a 2BR/2BA on the golf course as a short sale.  This is one of the very few condos of that floorplan that comes with a garage rather than a carport.  It … (2 comments)

Beth Thoma Robinson, R(B) SFR - Hawaii Island Luxury Resort Real Estate (Hawaii Life Real Estate Brokers Big Island)

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

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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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