NL HEADER JULY 2022-2

Aloha & Welcome!

In my July newsletter you will find statistics on local home sales and other real estate news and resources. The Big Island real estate market is less frenzied than in months prior, but remains competitive and strong. There's debate over where things are headed, with many analysts saying the market is "normalizing" and predicting values will continue to rise, just not at the same crazy pace.

Keep in mind that I'm available to help with your real estate needs even if you're not buying or selling. I can direct you to resources, provide an estimate of value, etc. Sometimes people think I'm too busy to bother with questions, but this is not the case! Would love to hear from you.

In addition to real estate information, I share a few stunning paintings by Honaunau artist, Pamela Colton Thomas and information on how to volunteer at the Marine Mammal Center. For my gardener friends, I have some free starter plants left. I have Healani, Kewalo and sweet cherry tomato plants, cucumber, oregano and thyme. I've graduated from the Master Gardener program. I think the main thing I learned is, how much I have to learn.

If you know someone who might want to receive this monthly newsletter, forward this email to them and they can subscribe. If you'd rather not receive this newsletter please unsubscribe below. I don't send additional emails to those who sign up for my newsletter. Folks get one email from me per month. It's my hope that if you need something real-estate related, you will get in touch.

Sending much Aloha your way ~

Lisa

Paintings by Pamela Colton Thomas

Watercolor and Acrylic
Pamela Colton Thomas Sunflower
Pamela's work has been on exhibit at East Hawaii Cultural Center, Wailoa Gallery in Hilo, Kailua Village Artists Gallery, SKEA in South Kona and SOKO's Annual Study Tour. To purchase her paintings, giclee prints and greeting cards email Pamela or visit her website.
Pamela Colton Thomas

~ Real Estate News & Resources ~

  • The Housing Market is Undergoing a Transition. Despite the small gain in pending sales from the prior month of May, June contract signings were down sizably from a year ago because of higher mortgage rates says NAR Chief Economist Lawrence Yun.
  • Home Prices Increase, but at a Slower Pace. The most recent S&P CoreLogic Case-Shiller U.S. National Home Price Index showed that home prices have continued to increase but at a slightly slower pace with a 20.4% annual gain in April, down from 20.6% the previous month.
  • $600 Million to Go to Hawaii Homesteading Program. The Hawaii Legislature unanimously passed landmark legislation appropriating $600 million for the state’s Native Hawaiian homesteading program. Under the program, people who are at least 50% Hawaiian are entitled to lease land for $1 a year and can buy or build a home on the parcel.

Monthly Housing Trends Report / Realtor.com

monthly housing trends
Housing inventory improved nationally for the second month, with the count of homes for sale growing compared to last year by the largest margin in the data’s history. This increase in inventory is driven by sellers entering the market and moderating demand.
  • The inventory of homes for sale increased again in June, the largest increase in the data’s history.
  • The national inventory of active listings increased by 19% over last year.
  • The inventory of active listings was down 34% compared to June 2020 in the early days of the COVID-19 pandemic, and down 53% compared to June 2019. In other words, there are a little less than two-thirds the number of homes available compared to June 2020, and less than half compared to June 2019.
  • Newly listed homes were up 5% nationally compared to a year ago, and up 3% for large metros over the past year.
  • Housing remains expensive and fast-paced with the median asking price at a new high while time-on-market is up just one day from last month’s record low.
  • The June national median listing price for active listings was $450,000, up 17% compared to last year and up 31% compared to June 2020.
  • In large metros, median listing prices grew by 13% compared to last year, on average.
  • Nationally, the typical home spent 32 days on the market in June, down 4 days from the same time last year and down 37 days from June 2020.
By Sabrina Speianu and Danielle Hale / June 30 2022

The Home Inspection for Buyers

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Recent Home Sales Kailua-Kona

June home sales data indicate continued high demand for Big Island real estate.

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Congratulations on Buying or Selling Your Hawaii Home!

Saffron Finches in Hawaii

Those beautiful and darling birds are not canaries - they're Tanagers. They arrived to Hawaii from South America in the 60's.

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Volunteer at the Marine Mammal Center

marine mammal center
Marine Mammal Center volunteers make second chances possible by responding to endangered Hawaiian monk seals. Your help is needed. Click here to volunteer.
Aloha is the unconditional desire to promote the true good of other people in a friendly spirit out of a sense of kinship ~ Abraham Akaka

Contact Me

Lisa made me feel like a high-priority customer. She put a lot of thought and time into marketing. I’m very impressed with Lisa. She is first-class all the way and her customer service is bar none. Thank you Lisa!
Lisa Kramer REALTOR

Need an estimate of your home's value? Want the scoop on available properties? I'm here to help!
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at biggerisland.com

This newsletter is not intended to solicit currently listed properties.
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