Judy's October Newsletter
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The wonders of digital staging
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This listing was actually almost empty-the owners had shipped their furniture and were "camping" but the wizards at Bella Staging made it look much more appealing, and made it easier for buyers to visualize how it could look! It's now in escrow.
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In the last 30 days, we've had 38 new listings in my primary service area - Honokaa, Waimea, Kohala Ranch, Mauna Kea Resort, Mauna Lani Resort, Waikoloa Resort, Waikoloa Village, and Waikii Ranch. In that same period we've had 44 properties sell, so there is definitely a lack of inventory here!
The much higher interest rates are affecting the market both in terms of affordability and
reluctance on the part of sellers to move if it involves financing at higher rates.
A $500,000 purchase price with 20% down at 3% interest would have required a monthly mortgage payment of about $1686. That same home at 6% would require a monthly payment of about $2398. Ouch!
It would be a no-brainer to wait this out and rent in the meantime, except that rents are also increasing. Take a look here to figure out what makes the most sense if you're considering those alternatives.
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October 1-8: Ironman World Championship. Kailua Pier and all over the place!
This is huge, and everyone on the West side of the Big Island will be affected. 5,000 athletes and their friends and families make a big dent in local life! Here's information on what to expect. (Sorry about the photo-Ironman never got back to me with approval to use any of theirs.)
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October 4, livestream. Public Safety Committee of the County Council will hear from animal control officials and citizens about the state of animal control. Personally, I'm disgusted, and will be submitting written testimony. Here's a link to more information on how to watch or submit testimony. Gif is of a dog who has been in my barn since 9/4/22 since I don't know what else to do with him!
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October 8, Kahilu Theater, Waimea, 7 p.m., Kala'e Parish and Friends. More information
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October 15, 5:30-8:00, Whitehaven Farm, Pepeekeo, Na'au Pop-Up Dinner. More information
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Well, it's still a little warm to be shipping chocolates. So I'm going to offer the first person to contact me a bag of my tea! I'll have more next year, but I can put together a little bit. This is special-the tea was planted by plantation workers who lived in the area long ago, and has adapted to this environment. I prefer to do a black, which is mild, sweet, and round! It is hand harvested and hand rolled.
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Waimea Feed Supply
It's challenging to keep stores stocked right now, especially when you're in the middle of the Pacific and offering products that are in high demand - like alfalfa. But Charlotte Stevens does a great job, and I don't know what we'd do without her! Call (808) 885-5188 or stop by at 64-1067 Mamalahoa Highway, Kamuela, HI 96743
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Sherwin Williams 2023 Color of the Year-Redend Point
This doesn's sound appealing, (blush) but I've been thinking about repainting my bathroom, and I think I'll try it! (The photos look better than the description)
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Inventory, especially below $1,000,000, is still very tight. Many properties are flying off the market. I've been surprised that lenders and escrow companies seem much more willing to move quickly, but I guess I shouldn't be; their volume has dropped, a lot! Here are the latest stats, and if you want to search further, check out my website here
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I appreciate all referrals, and if you're thinking of selling or buying anywhere in the US, I can help you, your friends and family find the perfect agent!
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That's all for this month. I hope you have a fantastic October!
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© Compass 2022 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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