Page 7 - Hawaii Island MidWeek - Jan 11, 2023

JANUARY 11, 2023
HAWAI‘I ISLAND MIDWEEK 7
What’s Coming In 2023
Iwear many hats, and the one that I love wearing most is as a translator of plane- tary themes. In the same way the tides are influenced by the moon, I’ve gained an understanding of how the other planets influence life on Earth.
Some words to describe the energy of the upcoming year are “reflection, introspec- tion and self-discovery.”
I am calling 2023 “The Year of Connection.” Due to the increased chaos and shifts, we will see in the collective that is out of our control, and the direction for our individual focus is best served by cultivating a deeper connection to ourselves.
learn how
you can become a
homeowner
this year!
Just as a tree survives turbulence by rooting deeply for stability, by metaphorically doing so this year, we will be able to thrive and expand in unprecedented ways.
alice@yourhappinessu.com
©2023 Tribune Content Agency, LLC.
ANSWER TO TODAY’S PUZZLE
808.657.0188
75-170 Hualalai Road Suite C110 Kailua-Kona, HI 96740
TRUSTEDHOMELOANSHI.COM
V.I.P. Mortgage, Inc. does Business in Accordance with Federal Fair Lending Laws. NMLS ID 145502. HI: Mortgage Loan Originator Company License HI-145502.
1/8/23
# 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 808-936-5100 majormom@ilhawaii.net
2022, Now in
Long,longtimeago,waybackinJune2022, interest rates began rising. It took about a week for our market to feel the shift. It seemed super fast.Butwait,wasitreallyashiftoristhere adisconnectbetweenperceptionandreality. Thedriverisinterestratesbutdointerestrates really make that much difference to a buyer?
The answer is yes. To put things in perspective,theaveragerateoverthe past50yearshasbeenabout5.1%which
is about where we sit on any given
day.Irecalltheyear1980whenthe rateswere20%.Iboughtmyfirsthome inSierraVista,AZthenextyearandwas
thrilled to get a 9.5% rate. I’ve seen predictions that rates are expected to go down to 4.1% next year with another 1 percent reduction in 2025. That’s why many agents keep encouraging local buyers not to try to time the market but rather, if a buyer sees something they really like then it
the Rear View
ISthetime.Iseelendersofferingdownpayment assistance that equate to zero percent down. Marry that with a seller concession of 2% to buy theratedownandguesswhat,alocalbuyercan nowcompete!Thesedays,sellersarecarefully consideringlocalbuyersbecausetheyareafraid there may not be another offer. This definitely wasn’t the case before this past June. A quick lookatthetableshowslessdemandcompared toQtr42022butthereismuchmoredemand than supply across the board. The other very interestingfunfactisthatsoldpricinginevery neighborhoodhasgoneupsincethe4thquarter oflastyear.Ifyouareselling,watchyourdays on market. Remember, there are two things that sell a property, marketing and price. I’ll admit there could be a few other factors but for the most part, this is it in a nutshell. If your days on market are trending up and you have confidence that your marketing is spot on, take a look at the
price. If you are buying, remember sellers grow weary so consider the homes with high days on market first. You may just find a diamond in the rough. So, as we start 2023, the reality is that it’s still a great time to sell...and a favorable time to buy.
Here’s wishing you a very Happy New Year! Don’t
see your neighborhood here? Let a member of Team Nakanishi know and we’ll get the information you need in two shakes. Mahalo plenty for visiting me here each week and for always considering Team Nakanishi for your real estate needs!
*Thanks to Hawaii Information Service for the data.
HPP
Ainaloa
Leilani
Nanawale
Mauna Loa Est, Royal Hwn, Ohia
Pacific Paradise Gardens
Volcano Golf & Country Club
60/697,000
66/525,000
22/525,000
9/349,000
14/297,000
14/356,530
1/250,000
1/54,900
67/525,000
71/490,000
41/335,000
4/337,500
5/200,000
7/310,740
5/362,000
3/460,000
44/457,000
31/486,000
16/353,000
6/309,000
1/229,000
4/214,817
2/350,000
1/390,000
268/104
284/97
164/38
16/15
20/15
28/18
25/3
9/2
111/558,000
79/513,000
47/356,000
No Data
17/226,500
27/390,284
3/230,000
3/595,000
133/501,000
129/450,000
63/310,000
No Data
10/144,000
25TH ANNIVERSARY
Area
S. Hilo
# Active/Med Active $ Qtr 4 2022
# Sold/Median Sold $ Qtr 4 2022
# Under Contract Med $ Under Contract Qtr 4 2022
Projected Demand 2022/ Currently Avail
# Active Qtr 4 2021/ Med $
# Sold/Med Sold $ 4th Qtr 2021
26/302,500
6/317,000
5/500,000
FIND MY COLUMN EVERY SUNDAY OF THE MONTH. Watch “HAWAII LIFE” on YouTube!
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