Page 2 - Hawaii Island MidWeek - Oct 12, 2022

2 HAWAI‘I ISLAND MIDWEEK OCTOBER 12, 2022
IRise And Shine With An All-star’s Breakfast
’ m excited to bring an arship. But after his senior 2021 Baseball Writers As- nities for underserved youth. old friend, Shane Vic- year at St. Anthony School, sociation of America Hall of The foundation engages in torino, into the kitchen he was selected by the Los Fame ballot. projects that provide chil-
this week. Angeles Dodgers in the sixth In retirement, he and his dren in need with education-
Known as “The Flyin’ Ha- waiian” during his 12 seasons in Major League Baseball, Shane was a two-time World Series champion, two-time All-Star and four-time Gold Glove Award winner. He’s
round of the 1999 MLB draft and decided to pursue life as a professional baseball player from there.
minute). Then, add nutmeg, cinna- mon and vanilla extract, and stir for 10 seconds. Place all cut fruits in a bowl, adding half the honey mixture and stirring well. Put 1/2 cup of yogurt in two glass bowls and scoop in fruit mixture. Then, pour granola into each bowl. Drizzle remainder of honey over the top and enjoy.
wife, Melissa, are giving back through the Shane Victorino Foundation, which is dedi- cated to promoting opportu-
al, recreational and wellness programs.
also a native of Maui who was originally going to attend the University of Hawai‘i at Mānoa on an athletic schol-
Shane’s decorated career would be recognized when his name appeared on the
Here, Shane shares a favor- ite: fresh fruit breakfast bowl.
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LANAI
FRESH FRUIT BREAKFAST BOWL
Ingredients:
• 1 cup vanilla (or plain) yogurt
• 4 strawberries, cut in bite size • 1 nectarine, cut in bite size
• 1/2 apple, cut in bite size
• 3-5 blueberries
• 5 raspberries
• 2 tablespoons honey, squeeze bottle is easiest
• 1/2 teaspoon cinnamon
• 1/4 teaspoon nutmeg
• 1/2 teaspoon vanilla extract • 4 tablespoons granola
(split in half )
Directions:
On low heat, pour honey into pan
and cook until it liquefies (about a
Fill in the blank cells using numbers 1 to 9. Each number can appear only once in each row, column, and 3x3 block. Use logic and process of elimination to solve the puzzle. The difficulty level ranges from Bronze (easiest) to Silver to Gold (hardest). Answers are on page 11
RATING: BRONZE
RUBEN CARRILLO AND RYAN SAKAMOTO PHOTOS
You can watch episodes of “Cooking Hawaiian Style,” presented by Aloha Mortgage Advisors at Ka Laʻi Aloha Estate, on OC16 channels 10 and 1012, as well as nation- wide via LifeStyle Network, FNX Network, Roku and Ha- waiian Airlines in-flight enter- tainment. “Cooking Hawaiian Style” airs in over 43 million homes worldwide. Get this free recipe and thousands of others at cookinghawaiianstyle.com.
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Look Up, Look Down...but not too far down!
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Denise S. Nakanishi
RB-17031, ABR, CRS, GRI, SRS
“Major Mom is a Major Difference”
cell 808-936-5100 majormom@ilhawaii.net
It’s Breast Cancer awareness month. After my recent surgery and recovery, it seems I missed the quarterly update for the third quarter of 2022. We’ll be at the end of the year before you know it but it’s really the time period between July and Sept. that the market started to shift. Much of the change
came as a result of talk...talk of inflation and recession along with the reality of rising interest rates. I decided
to take a look at the numbers for
that period, focusing on Hilo and HPP to determine if things are really changing in East Hawaii. During the
1st quarter of 2022, there were 35 homes listed in all of 3-2 (Hilo). Hawaiian Paradise Park had 41. There are now 76 homes for sale in Hilo and 58 in HPP. This number must be added to those under contract (technically still active). This increases the
active inventory to 129 in Hilo and 228 in HPP. During the time mentioned, 76 homes moved to closing in Hilo with a median price of $699,000 up from $670,000 during quarter 1. In HPP, 77 closed vs 80 during the first quarter. The median sales price was $480,000 vs $598,000 in the first quarter. When I extrapolate the numbers, this means that the theoretical demand for Hilo over the next year will be 352. HPP demand would land at 228. This is a decrease from quarter 1 projection but it’s still very clear that demand continues to outpace supply. Here’s a fun fact. An oceanfront home in HPP sold last month for over $1.5 million with another moving to close for even more. Oceanfront homes and licensed vacation rentals are still in high demand by off-shore buyers. While rising interest rates may seem negative, there are positives in the market. Sellers
can still expect good activity. The conforming loan limit recently increased to $1,073,000. This makes loans more attractive even at a higher price point. Local buyers can once again compete with mainland buyers especially for median priced properties. Here’s another fun fact. We constantly hear that mainland buyers were the cause of the run-up. In fact, about 76% of homes sold in 2021 were purchased by Hawaii residents. Nui tracks this for Team Nakanishi and found about the same numbers in East Hawaii. Remember when COVID began (yuck)? Most REALTORS® thought we’d starve. And yet, unprecedented interest rates along with folks fleeing the cities and the mainland really did push the market into overdrive. While
interest rates have risen, they have actually simply moved toward a normal range. It’s impossible to time the market. One way for buyers to mitigate rates a bit is to ask your lender about a temporary buy-down of the interest rate. Request that the seller pay for it. This will initially help and hopefully rates will come back down. Supply constraints still favor sellers and price reductions are happening but it’s probably not a good idea to sit around and wait for a market collapse. We still need about 3 times the current inventory to meet demand in Hilo. We need two times as much in HPP. Truthfully, the best advice is to keep looking up without focusing on things coming down.
* Thanks to Title Guarantee and Hawaii Information Service for the data.
Area
S. Hilo
HPP
Current # Active/ Med Active $
76
58
# Sold/ Med Sold $ Jul-Sep 2022
76
77
53/499,000
58/503,450
Projected Demand 2022/ Currently Avail
352/129
228/116
# Active Qtr 1 2022/Med #
35
41
# Sold/Med Sold $ 1st Qtr 2022
104/550,000
80/454,000
25TH ANNIVERSARY
# Under Contract/ Med $ Under Contract Jul-Sep 2022
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