Page 7 - Hawaii Island MidWeek - July 20, 2022

t costume
t
JULY 20, 2022
HAWAI‘I ISLAND MIDWEEK 7
7/17/22
©2022 Tribune Content Agency, LLC.
P Don’t Wobble
ANSWER TO TODAY’S PUZZLE
eople have been sharing with me that they often suffer from feelings of guilt. Not the “I broke the law” kind of feeling guilty, but the
niggling kind that is subtly present when we think we should be doing something else. For example, while doing housework, you feel guilty about not doing office work. Or, you order takeout and feel guilty about not cooking at home.
7/17/22
FIND YOUR
LONGS DRUGS VALUE BOOK
in Hawai‘i Island Midweek on July 27th,
Hawaii Tribune-Herald and West Hawaii Today on Sunday, July 31st.
24-PAGES OF GREAT SAVINGS
Sale from
July 31-August 6, 2022
Here’s a Zen proverb I love: “When walking, just walk. When running, just run. Above all, don’t wob- ble.” In other words, do what you are doing fully. Own your actions to help diminish the guilt. Be there for yourself 100%. You wouldn’t do what you are doing if there wasn’t some advantage.
Spring Into a New Home with Academy!
alice@yourhappinessu.com
Equal Housing Lender | Corp NMLS #3113 | MAC223-1479520
# hawaiianrealty.com • hawaiianrealty.com • hawaiianrealty.com • hawaiianrealty.com • hawaiianrealty.com • hawaiianrealty.com #
hawaiianrealty.com
800-667-5028 ext. 8122
Denise S. Nakanishi
RB-17031, ABR, CRS, GRI, SRS
“Major Mom is a Major Difference”
cell 936-5100 majormom@ilhawaii.net
Yipee! I did it!
I’mhappytopresentthemostrecentmarketupdateforselectedEastHawaiineighborhoods! Thanks forallthegoodwishes!I’mthrilledthatImanagedtogetthisdoneforyou!. I’mdoingreallywelland look forward to getting back in the field. By the time you read this, it won’t be long. In the meantime, let any member of our team know you need help and we’ll get it done! Now, here’s what I see as I live my real estate life vicariously thru computer data and from feedback from Team Nakanishi buyer’s agents. Weareseeingalotofpricereductions. WhenIlookattheaffectedproperties,moststillseemproperly priced. DaysonMarketisalwayspartoftheequationthatleadstothedecisiontoreducetheprice.
Clearly some properties have no real comps so the initial pricing might have been set to test the market anticipating a possible price adjustment in response to showing activity and feedback. Most,however,seemproperlypricedbuttalkofaslowingmarketismakingsellersnervous. If
you look at the potential market demand, (column 6 top number), it’s clear demand is still much higher than the number of available homes. The demand number has decreased over time. That number is a function of the number of sales which has been artificially compressed
based on supply. Recently, inventory is up and national reports predict continued activity and
price increases. Recall if you will the early days of COVID. As agents, we wondered how we’d make a living. It didn’t take long to find out! Nothing has really changed since the “work from home” life model and “vacate the inner cities” created a gigantic demand for larger homes, larger yards and warmer climates. Interest rates increased and then decreased. I don’t expect interest rates to go back to sub 3% but a 5% rate is actually pretty cherry! Some surprises here (or maybe not) lies in comparing numbers in Hilo and HPP. They are surprisingly close. If you look at the under-contract dollar value
compared to recent closings (sold), some markets seem to be exhibiting a downward trend. A 3-month window is small so it may take some time to see if this number truly reflects the market. One positive, local buyers and financed offers are again part of the conversation. Don’t see your neighborhood here? Let a member of Team
Nakanishi know and we’ll get the information you need in two shakes. Take care and thanks again for the good wishes! P.S. Remember the Police drive to collect back- packs ends at the end of the month. Also, donate to our Food Basket if you can. See you soon!!
** Information provided by Hawaii Information
Area
S. Hilo
HPP
Ainaloa
Leilani
Nanawale
Mauna Loa Est, Royal Hwn, Ohia
Pacific Paradise Gardens
Volcano Golf & Country Club
# Active/2d Qtr 2022 Med Active S
69/699,000
65/589,900
30/349,950
9/357,000
10/190,000
12/342,000
1/325,000
1/475000
# Sold/Qtr 2 2022 Median Sold $
77/545,000
89/500,000
47/375,000
12/350,000
14/237,000
24/363,167
7/435,000
0/0
# Under Contract Qtr 2 2022/ Med $ Under Contract
67/489,000
41/480,000
23/385,000
2/364,950
7/179,000
13/392,500
2/427,000
0/0
Projected Demand 2022/ Currently Avail
308/136
356/106
188/53
48/11
28/17
96/25
28/3
n/a 1
# Active Qtr 2 2021/ Med $
40/776,500
27/400,000
4/287,000
Not reported
4/184,250
6/323,667
0/0
0/0
# Sold/Med Sold $ 2nd Qtr 2021
104/384,250
98/372,500
37/265000
Not reported
9/195,000
3/317,000
1/302,500
10/383,500
FIND MY COLUMN EVERY SUNDAY OF THE MONTH. Watch “HAWAII LIFE” on HGTV!
hahwaawiaiaiinarnereaaltltyy..com • hawaaiiaianrneraelatyl.tcyo.cmom
hawaiianrealty.com • hawaiianrealty.com