luva real estate: WHERE IS THE HOUSING MARKET HEADED IN 2020? [INFOGRAPHIC] - 12/20/19 11:14 AM
 Aloha, Lance Owens (RS) with LUVA Real Estate bringing you the latest in real estate news.
Below are what the experts are predicting, but what does Lance Predict? You will have to watch our video for that prediction. 
Sign up below, no spam, no sales, just a link to the video. - in the notes, just put "Video",  and if you want a list of homes in Hawaii, you can fill in the rest 
For past monthly written reports follow this link
SOME HIGHLIGHTS: Interest rates will be lower than they have been since before 1980 at 3.8% and are projected to remain steady throughout 2020! … (0 comments)

luva real estate: The Biggest Issue Facing Housing Next Year - 12/18/19 11:02 AM

 This coming year the housing market will be defined by 3 things- inventory, interest rates, and appreciation.  But the biggest issue the housing market will face in 2020 is an inventory shortage.  There aren’t enough homes on the market for buyers, especially on the lower end of the market. This is a topic that has come up frequently within the past several months.
Based on what is forecasted, we know that interest rates are projected to remain low and that appreciation is expected to continue as we move into 2020.  Additionally, the upcoming election will provoke many unique perspectives on the health of the US housing … (0 comments)

luva real estate: West Hawaii Home Sales UP 88% - 08/22/19 11:50 AM
Aloha, Lance Owens (RS) with LUVA Real Estate bringing you the monthly market reports and, No that's not a typo, in fact to be exact West Hawaii home sales are up 88.46% , and island wide home sales show an increase of 17% . Crazy numbers... right?
This is exactly why you need a "feet on the ground" Realtor to help navigate you through numbers that don't make since..... I am sitting here laughing, Zillow must be losing their mind right now looking at these numbers.
Anybody that has followed me and my market reports for the past 15 years know how "seasonally" … (0 comments)

luva real estate: Housing Supply Not Keeping Up with Population - 08/20/19 11:49 AM

Many buyers are wondering where to find houses for sale in today’s market. It’s a true dilemma. We see an increase in buyer demand, but the supply available for purchase isn’t keeping up. 
Aloha, Lance Owens here with LUVA Real Estate bringing you our Real Estate Minute report. 
The number of new housing permits issued prior to the great recession increased for 15 years until 2005 (from 1.12 million in 1990 to a pre-recession peak of 2.16 million in 2005). According to Apartment List,
“From 1990 to 2005, the number of single-family permits issued more than doubled, while the number of multi-family permits grew by … (0 comments)

luva real estate: Hawaii's New Short Term Rental Ordinance - News and Updates July, 2019 - 07/11/19 02:32 PM
I wanted to share a few takeaways from yesterday's meeting with the planning department. First, a Bill becomes an ordinance once it goes into law - prior to, they are always bills - that’s the reason for the change from Bill 108 to the Ordinance 18-114 .
Big Mahalos to the West Hawaii Association of Realtors (WHAR) for being at the forefront of this, and the Planning Department (PD) for their participation, Thank you WHAR members, Mike Drutar, Marissa Ashley, Brian McCourt, Karin Shaw, Linda Swanson and from the planning department, thank you Libby Gillis and Michael Yee.
Disclaimer, this is NOT A LEGAL Opinion, do not base … (0 comments)

luva real estate: 3 Things To Know In The Housing Market Today - 06/12/19 11:36 AM
A lot is happening in the world, and it’s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don’t know yet.
Aloha, Lance Owens (RS) with LUVA Real Estate bringing the latest news in Real Estate.
The following three areas of the housing market are critical to understand: interest rates, building materials, and the outlook for an economic slowdown.
1. Interest RatesOne of the most important things to consider when buying a home is the interest rate you will be charged to borrow the money. In … (2 comments)

luva real estate: Starting The Search For Your Dream Home? Here Are 6 Tips! - 05/20/19 12:46 PM

In today’s real estate market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time homebuyer if you aren’t prepared. 
Aloha, Lance Owens (RS) with LUVA Real Estate , bringing you the latest in Real Estate News!  
In a new article entitled, “How to Find Your Dream Home—Without Losing Your Mind,” the author highlights some steps that first-time homebuyers can take to help carry their excitement of buying a home throughout the whole process.
1. Get Pre-Approved for a Mortgage Before You Start Your Search One way to show you are serious about buying your dream … (1 comments)

luva real estate: A Tale of Two Markets [INFOGRAPHIC] And Local Insight ! - 05/14/19 12:45 PM
Aloha, Lance Owens (RS) here with LUVA Real Estate, bringing you the latest in real estate news. 
     Before I jump into the mainland numbers, I wanted to bring you a little local insight.
Short story, you never know what's at the other end of that phone call when you answer it.
One month its buyers wanting condos, next month its land, next week its houses..... tomorrow it’s a new listing!
  This month it’s Luxury/Premium home “buyers”, (2 different couples) looking at $800,000 to $1,500,000.
 In the past 10 days showing these couples, I have shown 20+ Premium/Luxury homes, and of those 20+, 2 … (0 comments)

luva real estate: April Housing Minute [Video] - 04/30/19 01:59 PM
Your April Real Estate Minute with Lance Owens (RS) of LUVA Real Estate
and the National Association of Realtors (NAR) . Good information here and 
it only cost you a minute of your time - enjoy 
For all your market updates and reports visit our website KonaHomeTeam
#LanceOwens #Realtor #Sales #Reports #SFH  #LUVArealEstate #Realtor 

luva real estate: Mainland VS Hawaii - Existing Home Sales Slow To Start Spring - 04/26/19 02:26 PM

It has always intrigued me to look at mainland trends vs Hawaii trends.
Aloha, Lance Owens (RS) here, with LUVA Real Estate and as most of you know, Kona is a sleepy little fishing village, known for its world class Marlin fishing, Golf Courses and the BEST weather in the State, yes I said the best weather in the State of Hawaii. In fact Kona is the only district in Hawaii, whose climate is drier in the winter, than it is in the summer, I wont do any name dropping, but there is a reason our little airport has over 60 private jets parked … (1 comments)

luva real estate: Hawaii's Bill 108 Becomes Ordinance 18-114 Short Term Vacation Rentals - 01/03/19 02:52 PM
Aloha, Lance Owens (RS) LUVA Real Estate here, bringing you the latest real estate news.      Hawaii's controversial Bill 108 (draft 7) has now been made into “Ordinance 18-114” (see below) putting heavy regulation on Short Term Vacation Rentals in Hawaii, specifically Hawaii Island.
 West Hawaii Association of Realtors (WHAR) put a tremendous amount of effort into trying to protect homeowners’ rights as the county moved forward with this “less than perfect” new Bill 108.  
It was important to us ALL that homeowner rights were being protected….. we had some partial success on this.
Quick note,  as a Realtor, I am neither … (1 comments)

luva real estate: Buyers: Don't Be Surprised by Closing Cost! - 11/26/18 11:25 AM

Aloha, Lance Owens (RS) with LUVA Real Estate here, just bringing you our "Real Estate Minute"
Many homebuyers think that saving for their down payment is enough to buy the house of their dreams, but what about the closing costs that are required to obtain a mortgage?
By law, a homebuyer will receive a loan estimate from their lender 3 days after submitting their loan application and they should receive a closing disclosure 3 days before the scheduled closing on their home. The closing disclosure includes final details about the loan and the closing costs.
But what are closing costs anyway?According to Trulia:
“Closing costs are lender and third-party fees … (0 comments)

luva real estate: Economic Recovery from Volcano, Slower for West Hawaii - 10/22/18 01:39 PM
Aloha and good morning Kona.  (photo above from this morning) 
As I sit here putting together my (WHAR) Presidents report for the State board “Hawaii Association of Realtors” (HAR) I surprised myself with some of the numbers, so much so I thought I would share them with you.
As Puna was taking the physical brunt of the damage from the worst lava flow in recent history, there was a silent devastation happening on the west side of the island, so silent most of us missed it as we helped our neighbors on the east side.
I am going to point to 2 of … (1 comments)

luva real estate: Commercial Property, Highway Frontage in Hawaii $248k - 10/12/18 03:47 PM
Lance Owens (RS) | 808-936-8383
81-6587 Mamalahoa Hwy B101, Kealakekua, HI 96750
MLS No: 617009
Condo/Townhouse $249,000
Bedrooms: 2
Bathrooms: 1 full, 1 half
Year Built: 1990
Sq Footage: 1125
County: Hawaii County DESCRIPTION
The layout of this paticular unit and the current zoning of the complex, offer many different uses.
Entire ground floor of a 2-story Village Commercial building. Six rooms, kitchen/bar area, 2 bathrooms (one with shower).
Currently set up as 2 seperate offices, could be one larger office if desired.
One would think with its close proximity to the Kona Hospital, it may be good for … (0 comments)

luva real estate: Almost OceanFront with Dramatic Surf and Ocean Views - 10/12/18 03:21 PM
Lance Owens (RS) | 808-936-8383
77-6311 Alii Dr 204, Kailua-Kona, HI 96740
MLS No: 621447
Condo/Townhouse $430,000
Bedrooms: 2
Bathrooms: 2 full
Year Built: 1980
Sq Footage: 1041
County: Hawaii CountyDESCRIPTION
Almost Oceanfront with direct ocean views, let me clarify that statement....incredible ocean views looking into Lyman's Bay (great local surf area)
2nd floor living with the convenience of an elevator, 2 parking stalls under the building, and a storage area in the garage area.
Swimming pool and bbq area.
New solar water heater and plumbing updates.
Furnishings have been removed.
Park in stall 7 or 10 please
CC&Rs allow vacation rentals … (0 comments)

luva real estate: Gentleman's Coffee Farm - Kona Coffee in Luxury Community - 10/12/18 01:14 PM
Lance Owens | 808-936-8383
77-6239 Kaumalumalu Dr, Kailua-Kona, HI 96740
MLS No: 611069
Residential Lots & Land $600,000
Bedrooms: N/A
Bathrooms: N/A
Lot Size: 5.044 acres
County: Hawaii CountyDESCRIPTION
Arguably one of the best gated communities in Kona, surrounded by homes with sales well into the millions.
For a full appreciation of the gated community and the property itself, please see attached video tour.
This 5 acre parcel sits at 1, 000 foot elevation,
Fully planted in mature Kona Coffee, professionally manicured and maintained, with full irrigation if the need arises.
If you are not familiar with "Estates at Holualoa", here a few … (0 comments)

luva real estate: Buying A Home? Do You Know The Lingo? - 10/12/18 10:07 AM

Some Highlights: Buying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home. The best way to ensure that your home-buying process is a confident one is to find a real estate professional who not only puts your family’s needs first, but will guide you through every aspect of the transaction with ‘the heart of a teacher.’   … (0 comments)

luva real estate: The New Safeway In Kona And Upcoming Retail Space - 09/21/18 01:37 PM
Look at what's up and coming in Kona.
Aloha, Lance Owens (RS) with LUVA Real Estate taking a look at what is happening in your community.
Here is the latest press release from JLL (contact information at the bottom)
Just eight miles from the  Kona  International  Airport, Niumalu  Marketplace  will  be  
located  in  the  heart  of West  Hawaii,  in  the  Kailua-Kona  trade  area,  and  will be 
surrounded by four major road systems: Palani Road / Kuakini Highway / Henry Street / Queen Kaahumanu Highway.  These arterial roads receive  the  following average daily traffic counts (source:  State of Hawaii, Department of Transportation – 4/26/2016):
Henry Street   12,250 vehicles
Kuakini Highway 15,340 vehicles
Queen Kaahumanu 24,620 vehicles
The center’s location is adjacent to renowned … (4 comments)

luva real estate: It's Here.... Hawaii's 2018 Spring Buyers Guide - 03/25/18 12:41 PM
Aloha and Mahalo for checking out our new e-guide to buying real estate in Hawaii. Kimi and Lance represent buyers and sellers here in West Hawaii and have a great knowledge in Homes, Condos, Vacation Rentals, and Vacant Land.

The process of buying a home can be overwhelming at times, but you don’t need to go through it alone. 
You may be wondering if now is a good time to buy a home… or if you should continue renting. The free eGuide below will answer many of your questions and likely bring up a few things you didn’t even know you should … (3 comments)

luva real estate: Tax Reform & Housing: A Reference Guide - 01/04/18 11:06 AM
 Tax Reform & Housing: A Reference GuidePosted on January 4, 2018 - 07:51 AM by Lance Owens
Tax Reform & Housing: A Reference Guide Aloha, Lance Owens (RS)  here with LUVA Real Estate, if you are like most of us, you wonder what the hell all this tax reform means to me? Well, this is why I pay all my marketing people so much money, so they can tell us in "plain language" what it means, so please read below.
Disclaimer: This guide is not meant to be a resource for tax advice but instead a resource for basic information concerning only certain aspects of the new tax code … (1 comments)

Kona Home Team (luva llc) Lance Owens (RS), Getting transactions done, when nobody else can! (Kona Home Team          (luva llc))

Kona Home Team (luva llc) Lance Owens (RS)

Getting transactions done, when nobody else can!

Kailua-Kona, HI

More about me…

Kona Home Team (luva llc)

Address: 75-240 Nani Kailua Dr #8, Kailua Kona, HI, 96740

Mobile: 808-936-8383

Office: 808-936-8383

Email Me

Luxury Real Estate Sales, MLS Hot sheet, News, Market Reports, for the Kailua Kona area, West Hawaii, Mauna Lani, and Waikoloa Beach Resort areas.




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