Kona Kohala Blog

Once again the oft predicted but never begun Alii Highway aka Alii By-pass and numerous other names, is to start work by the end of the year.  And this time, the mayor gave us the year, 2009.  Completing the Alii Whatever it's Called and the Hokuli'a By-pass will go a long way to relieving the traffic woes of South Kona.  Coupled with the highway widening in North Kona and those who haven't been here for a few years will not recoginze the place.

On to foreclosures; steady best describes what's happening with the number of foreclosures in west Hawaii.  We have yet to see the effects of the loan modification programs much heralded on the mainland here in Hawaii let alone Kailua Kona, Hawaii.

Until we see a pronounced decline in the number of foreclosures, market forces will stay in the background as the banks determine pricing which goes hand in hand with the number of properties they own and need to get rid of.  Once the foreclosures decline we'll see a stabalizing of prices and a reinvigorated marketplace.  No one wants to by while prices are on the way down although, as a long term holding there's no better time to buy than 3 years into that decline.

There are some great deals in South Kohala like the one we talked about at the Mauna Lani.  There are good buys throughout the property not only at Golf Villas but at the Villages and the Point at Mauna Lani. 

Further south in Waikoloa Beach Resort there are even better prices once you lose the Mauna Lani amenities.  Beautiful condos in the mid $400's with access to the white sands at Anaeho'omalu Bay, shopping at the King's Shops, the new Queen's Marketplace and wonderful entertainment at the outdoor Waikoloa Bowl.

Contact us for information on any west Hawaii real estate.  aloha