Lance Owens, LUVA Real Estate and Julie Ziemelis, Keller Williams Realty discuss the housing statistics for the West Hawaii real estate market and also chat about some trends and issues affecting the real estate market, as well. We also share some laughs..we hope you enjoy this episode!
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No highrises in Kona!!
Jump to 5:01 to get into the stats
KEEP KONA COUNTRY!
If you want "improved" go to Maui or Oahu. We're rapidly, permanently, running out of what Hawaii is. Go develop some corn field in Iowa, you can't ever un-develop a limited island resource back to a rural, natural way of life. Even the "Big Island" is a small rock, islands don't do well with urban sprawl.
Realtors love to see a market grow, it's great for business. Eventually that growth changes a place beyond recognition and you've lost one of the few remaining paradises clinging on for survival.
If you wanna fix the housing crisis, it's not that hard. You can't buy a home in Hawaii unless you live here more than 6 months a year, and you sure as heck can't buy one if you're not even a citizen of the U.S. Non Hawaii resident "investors" have locked up half the housing inventory to rent via Airb&b to other non residents.
Make the tourists use the hotels and leave the housing for the residents who take care of them. Problem mostly solved.
Oh, and study the other islands, the high rise solution doesn't work, inevitably the developers out-price the locals and sell off million dollar condos to Asian and Canadian buyers that view them more as a safety deposit box for extra cash than as a place to live.
Do you remember Trader Vics in Waikiki? Fun place many years ago.
Julie is a matchmaker now too! Lol
Julie, green looks great on you! Aloha🤙