COVID19 UPDATE
Big Island

Fourth Quarter Sales in East Hawaii

Well here we are all grown up. We have moved to the main section of the Hawaii Tribune-Herald. Thanks to those who followed Team Nakanishi in the TV Guide for over 20 years. We hope you will look for us every other week in the main section of the Sunday newspaper.

firstQ2016

Data source: Hawaii Information Service, the best MLS system around!

New beginnings should start at the beginning and even though the numbers above reflect the end of 2015, they also are where we began 2016. Compared to the rest of the year, the last quarter is normally a whirlwind. Remember, agents want to close transactions before year end (we normally make more money) and for different reasons, buyers and sellers want/need to do the same.

While pressure to close in 2015 may skew the number of closed sales, it has an inverse effect on active listings. Interestingly, there’s normally a bump in properties under contract because serious buyers actively look during (especially) December.

There are some real bright spots to keep an eye on. The number of properties moving to close in Ainaloa almost tripled this year over last. Closings in that area have been consistently higher since the end of the lava scare. The median price homes moving to close in Pacific Paradise Gardens bumped up over 10%. Even Nanawale, where foreclosures and lava have kept prices depressed, is once again experiencing good activity.

The number of active listings is generally down in areas that have previously experienced an over-supply. Inventory in Leilani Estates, Volcano Golf and Country Club, and even Hawaiian Paradise Park is declining. This will put upward pressure on future pricing.

Want to Know More?

As always, Team Nakanishi is here to help. We look forward to seeing you week after next in the Sunday issue of the Hawaii Tribune-Herald. We look forward to helping you live your best Hawaii Life!

About the Author

Denise Nakanishi

Denise Nakanishi is a REALTOR Broker with Hawai'i Life. Denise Nakanishi is one of Hilo's most acclaimed real estate agents. She reached the rank of Major in the US Army and is now known by many as "Major Mom." The nickname fits–not only does Denise bring the discipline and mission-oriented attitude you'd expect, she's also caring and compassionate, always looking out for her clients like they're her own family. Having made the Big Island her home since 1987, Denise combines her extensive knowledge of the area with a sharp focus on customer service and the results speak for themselves. She's the recent recipient of the Best East Hawai`i, Best of Zillow, Chairman's Circle Award, President's Circle, Top Producing Agent since 2001, and Realtor of the Year awards. Denise stays ahead of the curve because she's passionate about education–she served as Education Chair for Hawaii Island REALTORS® for many years. She's one of Big Island's best real estate resources, known for her weekly article in the Hawaii Tribune Herald. Denise leads Team Nakanishi for Hawai`i Life, who is committed to their family, work, and community. In her little time away from work, Denise is a committed runner and Grandy. She also devotes many hours to various Veterans' Organizations, the East Hawaii Cultural Center, and the Hawaii Island REALTORS®. You can email me at denise@hawaiilife.com or via phone at (808) 936-5100.

Comments (0) Show CommentsHide Comments (Remember)

Cool. Add your comment...

Your email address will not be published. Required fields are marked *

Leave your opinion here. Please be nice. Your Email address will be kept private, this form is secure and we never spam you.

More Articles from Hawaii Life