Page 8 - Hawaii Island MidWeek - July 14, 2021

8 HAWAI‘I ISLAND MIDWEEK JULY 14, 2021
TCelebrating Creativity From Keiki, Kūpuna
his week, I’m shar- joyed the rock painting ac- and all the animals under the ing projects from our tivity. Even Kiwi, their bird, rainbow.
MidWeek makers! took part in the fun!” Megan I love that Susan and Jo-
A couple of readers’ grand- designed her rock and her pet anne are sharing their cre-
children were inspired by the rock-painting project I shared the other week. This craft is simple and fun for all ages anytime of the year and for any occasion.
bird, Kiwi, approved. Rachel, meanwhile, made a fun dino- saur design.
ativity with the younger gen- erations.
(Above) Kiwi the bird approves
of the project; (left) Susan Koito’s granddaughter designed her own rock; and (bottom left) Yasuko Toyama made hanafuda fans.
PHOTOS COURTESY RESPECTIVE CRAFTERS
Susan Koito’s granddaugh- ters “came for a visit and en-
Joanne Niwa’s grandkids painted a colorful collection of rocks. The designs are so cool. I like the hands holding the heart, the garden bugs
Another reader made the perfect craft for this hot sum- mer heat. Yasuko Toyama created paper fans with beau- tiful decorations on them.
Yasuko says, “As I looked for images for decoration, I came across unused decks of local-style hanafuda cards. I thought, ‘How appropriate for Hawai‘i.’ If you are familiar with the game, there are bonus combinations of cards called ‘yaku,’ which always comes in threes. I chose the decorations as such.”
And as always, Yasuko is sharing her creations with the fellow residents where she lives. So happy that other people can enjoy her beauti- ful fans.
Land of the free, because
of the brave.
Happy Fourth of July! Take advantage of today’s low rates for
your new home. Call your Academy Loan Officer
to get pre-approved.*
Thank you to these readers who have shared their proj- ects. I hope you’ll be inspired to make something today, too.
Mana Canon
Loan Officer
NMLS #1426052
(808) 315-0065
Len Pagan
Branch Manager
NMLS #384213
(808) 275-6898
Chris Dodge
Loan Officer
NMLS #1992138
(808) 854-7815
Don’t forget to email craft photos to joyofcrafting@ gmail.com. If I share it here, I’ll send you a Ben Franklin Crafts gift card.
Corp NMLS #3113 | Equal Housing Lender
*Pre-approval is not a commitment to lend
MAC622-1475566 Suite #207, Hilo, HI 96720
1437 Kilauea Ave
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hawaiianrealty.com
800-667-5028 ext. 8122
Denise S. Nakanishi
RB-17031, ABR, CRS, GRI, SRS
“Major Mom is a Major Difference”
cell 936-5100 majormom@ilhawaii.net
Getting Back to Normal??
Most professional prognosticators keep saying the current run-up is not a “bubble”. I’ve always learned that a bubble results when prices increase quickly √ fueled by increased demand √ which results in a limited supply √ √. Most definitions also include reference to an economic factor. Theoretically, that’s how this one differs. The only economic factor involved seems to be uber low interest rates. I’m sure you’ve heard that the market is over-heated everywhere. If Idaho is hot (for instance) then Hawaii is “Volcanic” (poor pun I know). Much of our increase is driven not only by those who have learned they can work from home so “why not Hawaii” coupled by severe lack of
inventory. If you look at the chart, there are entire neighborhoods with zero inventory! Builders can’t build fast enough and even if they could, getting supplies and appliances has become a challenge. Last
week, my contractor friend said he could not get insulation which is now required by our building code (why??). Most notable is the increase in values in some of the areas generally regarded
as less active. It makes perfect sense that as prices increased in
Hilo (check out the current median asking price), buyers gravitated to HPP and now to Ainaloa and Nanawale. There is one factor that may change this demand a bit. Some workers who assumed they would be able to work from home forever are now being told to report to the office. We have already had escrows and buying trips cancel. Given the employee shortage, it will be interesting to see if this trend reverses as employers seek to retain and rehire employees. We do expect an increase in inventory as restrictions are
lifted. Many delayed marketing their homes because there was no place to go during Covid. Days-on-market (DOM) is always a strong indicator of market direction. Although DOM has increased in a few areas, low inventory levels will continue to fuel the market. I’ve been asked why my team insists on detailed preparation of homes prior to listing in such a brisk market. Take staging for instance. A recent article in AARP estimates that staging increases value between 6-10%. The average seller cost to stage is about $2000 per month. For this reason and because it causes our listings to sell faster, we cover that expense. I feel it’s always best to get the property completely ready. Not doing
so is a gamble I’m not willing to take. As I always say, if a seller won’t get the property ready, then someone else should list it. Make sense?? Year to date increases island-wide show 46% increase in sales numbers and about 20% increase in price. Time will tell if we are getting back to normal but for now, expect to see prices continue to inch up as inventory continues to stagnate! Don’t see your neighborhood here, just contact any member of Team Nakanishi and we’ll set you up for complete and tailored information for any property on Hawai’i Island!
** Information provided by Hawaii Information and reported by Pacific Business News
Area
S. Hilo
HPP
Ainaloa
Nanawale
Mauna Loa Est, Royal Hwn, Ohia
Pacific Paradise Gardens
Volcano Golf & Country Club
Active Qtr 2/ Med $ listed/ Qtr2/2021
40/776000
27/400000
4/287000
4/184250
6/323667
0/0
0/0
# Sold 2nd qtr 2021 /Median $
104/394250
98/372500
37/265000
9/195000
6/323667
1/302500
10/383500
Under Contract and Median $ 2nd qtr 2021
93/418000
90/372500
37/265000
9/195000
11/308584
4/312500
3/310000
Av Day to sale 2nd Qtr 2020/2021
83/104
88/64
73/37
85/9
95/83
9/1
130/10
Projected demand 2021/ currently available
416/ 133
392/117
148/41
36/13
24/17
4/4
40/3
Active and Median $, Qtr 1 2021
58/639500
32/376500
4/192400
6/217500
15/249667
1/265000
3/450000
# Sold /median $ Qtr 1st 2021
85/395000
103/362000
52/245000
61/159500
10/283075
2/302500
5/298000
Under Contract and median $ Qtr 1 2021
95/396000
68/389500
31/250000
8/188260
3/317000
2/302500
5/298000
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