Hilo Brokers, Ltd. Newsletter
Aloha!

We have a wonderful assortment of articles, resources, tips and industry updates for you this month and we hope you enjoy.

Our Big Announcement this month is:

Kelly's Blogging!  Some of his weekly thoughts will make their way into the monthly newsletter, while others will only be available through the blog. We've made it easy to keep updated ... whether you like to use an RSS feeder to keep up with your online info or you would prefer to receive an email when new content is posted, we have super easy "click and add" tools on the blog just for you.

If you are having any difficulty reading the newsletter below, you may view the current newsletter here:
http://www.hilobrokersnews.com 

In addition to the featured articles, don't forget to dig a little deeper for additional articles located in the "Daily News & Advice" area, as well as the "More Articles" section.

Mahalo,
Kelly & the Hilo Brokers, Ltd. Team


 
Your Big Island REALTOR:
 

Kelly H. Moran
 

October 2007 - Hilo Brokers, Ltd.

Real

Quality Big Island Real Estate Service & Experience
for Over 20 Years!

 

Some Articles Copyright © 2007 Realty Times
All Rights Reserved.


Hilo Brokers, Ltd.
808-969-9400
400 Hualani St.
Bldg 21
Hilo, Hawaii, 96720


 

 

 


Here on the Big Island
- By Kelly H. Moran

“It’s really big!”
 
You hear that a lot, from visitors, especially first-timers.  Maybe they’ve cruised the Caribbean islands, most of which are downright tiny by comparison.  Or they’ve seen the other Hawaiian islands first – Maui, Oahu, Molokai, Kauai, or Lanai – before coming here to the Island of Hawaii.
     In the words of the late naturalist Euell Gibbons, “This one island is considerably larger than Delaware and Rhode Island combined, and rises to an altitude much higher than New Hampshire and Vermont would be if they were stacked one on top of the other.”
     It covers 4,000 square miles – literally twice the area of all the other Hawaiian islands combined.  And since it measures 100 miles long by 100 miles wide, you need a full two hours to drive non-stop from one end to the other.  But that’s not the best way to see Hawaii.  Better to take at least two days, and make a circumnavigation.  There’s an airport with rental cars on each side: in Hilo on the east side, and in Kona on the west, which also serves the big resorts that are oases on the black lava fields of South Kohala.
     Driving from Hilo, the “classic” visitor route is clockwise: heading first to the volcano – Kilauea has been especially active, lately – and coming up to Kona from the south; spending a night there, and going back to Hilo by way of the ranchlands of Waimea and the lush Hamakua Coast.  From Kona or South Kohala, the “classic” drive is typically counter-clockwise, heading south through the coffee fields of Kona and the windswept landscape of Ka’u, to see the volcano.  Worthwhile side-trips are to North Kohala, still reminiscent of its “old Hawaii” days, or to rural Waipio Valley.  It takes a four-wheel-drive vehicle to cross the island over the Saddle Road, but renting one (and being very careful!) you could visit the astronomy center at 9,000 feet, and even attain the 13,900-foot summit of Mauna Kea, which is often snow-capped in the winter.
      The Big Island is therefore practically a continent in miniature, with all but two of the world’s climate zones – sorry, no glaciers or sandy deserts, but everything else from tropical jungle to alpine heights.
     That quote from Euell Gibbons, by the way, is from his 1967 book Beachcomber’s Handbook, which has marvelous recipes for local fruit, vegetables and fish, about which I’ll write more in the weeks to come.


 

Mortgage Rates
U.S. averages as of September 27, 2007:

30 yr. fixed:   6.42%
15 yr. fixed:   6.09%
1 yr. adj:        5.60%


View current rates
 

Featured Listing

Sunrise Ridge - one of Hilo's most desired neighborhoods with underground utilities, Hilo Bay views, close proximity to schools, UH-Hilo, Astronomy Centers and Hilo Medical Center. Unique floor plan and gorgeous Hilo Bay and Mauna Kea Mountain views. Spacious master bedroom suite with walk-in closet and spa tub bathroom. Koa staircase and lots of ceramic tile. Spacious kitchen with plenty of storage. Large fenced backyard is perfect for kids or pets.

Virtual Tour, Flyer, More Info:
Click Here



Alaska Airlines Expands into Hawaii

     Alaska Airlines introduced its first nonstop daily service between Seattle and Honolulu on Friday, October 12th.
     The flight is part of a wider expansion by the airline into Hawaii, with routes from Seattle to Lihue and Kauai due to commence on October 28th.
     In addition, a nonstop service from Anchorage to Honolulu will be launched on December 9th.
     Gregg Saretsky, Alaska Airlines' Executive Vice-President of Flight and Marketing, said, "Our customers and employees have been waiting for this day -- when Alaska says 'Aloha' to Hawaii -- for years.
     "Customers now will be able to enjoy Alaska's unique brand of service and earn Mileage Plan miles whether they're booking a flight or a complete vacation package to the beautiful islands of Hawaii."
     All the new flights will be operated with Boeing 737-880 aircraft and passengers will be able to purchase Hawaiian-themed meals onboard.

Information per Cheapflights.com 10/15/07
.


 


Lili'uokalani Gardens . . .

. . . perhaps the most beautiful park in the Hilo area.
     Courtesy of our favorite Big Island Information and Activity portal, Instant Hawaii,
join us for their latest review of this perfectly maintained park with over 30 acres of fish ponds, quaint bridges, curving walkways and traditional Japanese landscaping, making this garden a perfect picnic spot or a great place to relax after a hard work day.
     You'll find the gardens on the bay of the Waiakea Peninsula, between downtown Hilo and the Airport, at the end of Banyan Road.
     This beautiful and peaceful park in Hilo is dedicated to Queen Lydia Lili'uokalani -- the greatly beloved and final Monarch of the Hawaiian islands. Queen Lili'uokalani ruled Hawai'i from January 17, 1891 until her illegal deposition on January 17, 1893 by American business, political, and military interests.    
    The 30 acre park grounds were donated by Queen Lili'uokalani for the purpose of creating this fantastic ornamental Japanese park which was built to honor the many hardworking Japanese immigrants who came to the Big Island to work the Waiakea Sugar Plantation. With over 30 acres, this Yedo-style park is the largest true ornamental Japanese park outside of Japan, and is popular for tourists and locals alike.
     What you will experience while you wander the parks landscaping totally depends on which direction you entered the garden from. Since the garden is free and open year round, it has no fence or 'real' entrance and can be approached by all directions.

CONTINUED >>>>


 


Pricing as much
Art as Science

     Pricing property can be more art than science in some of today's markets. New home builders probably have the easiest time of it -- at least without shocking the buyers -- because everything is new. There are no bare areas in the carpet, fingerprints on the appliances, nicotine stained ceiling tiles in the rec room -- and definitely no cat and dog odors that are promised to be dealt with by installing new carpet after the buyer moves in.
     With resale homes, the first weapon to use in the battle to sell the home is to price it correctly. The challenge for sellers is that they want as much as the last sale, however, in today's market that's not as guaranteed as it was a year ago. The seller can still walk away with hundreds of thousands of dollars in gain, but maybe not the absolute highest amount of gain ever in the community.
     Thus, pricing is the key. There are only a few ways to price a home for sale and sellers who don't want to wait around on the sale of their home need to adapt to the accepted modes of pricing and get over the fact that their house may not be worth as much as it was 12 months ago.
     The first model is probably the most popular -- the comparable. By pulling up only the sales of your particular model, your Realtor can determine a trend price for your home. The challenge in a slowing market is that your particular model may only have three sales in the last year. Such a low number of houses selling does not really create a trend line, especially if the last sale was 6 months previous. Thus, you turn to

CONTINUED >>>

 



Upcoming Island Calendar of Events

HOOPONO PONO KE ALA: HAWAIIAN SPIRITUALITY RETREAT
Date: November 1-7
Time: 9:00 am
Place: Kalani Oceanside Retreat, Puna District
Come immerse yourself in the spirit of Aloha for seven days. This workshop features hoopono pono ke ala (making right more right the path), the backbone of Hawaiian spirituality, as taught by Aunty Mahealani Kuamoo-Henry. Hawaiian culture, taught by native Hawaiian kumu (teachers) will fill out the days in this beautiful coastal retreat. There will also be time to relax and take an excursion to visit the goddess Pele at the island's active volcano, Kilauea.
Call: Rebecca Avery (808) 959-2258 or visit their site.

 

"NO FOOTPRINTS IN THE SAND":
A True Story from Kalaupap, Molokai
Date: Saturday, November 10, 2007
Time: 7-8:30 p.m.
Place: Motonaga Garage Gallery at Akiko’s B&B.
Be part of a very moving evening with co-authors Henry Nalaielua & Sally Jo Bowman. At age 11, Henry was taken away from his home in Ninoole on the Big Island. He was diagnosed with Hanson’s disease and taken first to a hospital in Kalihi on O‘ahu and then to Kalaupapa, where he has lived for the past 70 plus years. The history, the heartbreak and the conditions of growing up in Kalaupapa will deepen our compassion for a little known part of Hawaii‘s history.
(For a little background on why almost 8,000 people were torn apart from their families and sent into isolation, most for the rest of their lives, visit the Kalaupapa National Historical Park website)
.
Park at the Hakalau Baseball park and walk 3 minutes into the village.
$10, $8 children under 12.
For reservations call Miss Akiko @ 963-6422 or email:
msakiko@hawaii.rr.com
 

For additional Island events, see the Big Island Calendar of Eco-Cultural Events.
 

 


 

Breaking News!

Kelly's Blog is now available.
Read online, RSS feed, or receive easy email notifications of new posts. Just use the handy Subscribe Here links in the blog's right hand column.


 


 

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Area Spotlight
Each month we'd like to spotlight a local area, and this month we present . .

A Spotlight on
The Upper Puna District

Last month we spotlighted Lower Puna, and this month we'd like to focus on Upper Puna.
     Weather at the lower end of this Upper Puna district is temperate, and the area has an abundance of small farms. Many flower growers base their operations here. One acre, two acre and three acre parcels are the norm. A variety of road conditions are available, and the dream home that you sketched out on a napkin is probably do-able here.
     Above Mountain View to Volcano Village attracts people that are not afraid of the wet, want a mossy yard, and would love an excuse to build a fireplace in Hawaii. Many folks up here have a forest in their backyard. Volcano Village has kind of a hobbit-like aesthetic. Front yards are lumps of lava covered in soft moss and light forests. Many artists choose to make Volcano Village their home, and because of that, they hold a lot of fun events and gatherings.
     Driving over the peak of Kilauea on the highway, the clouds break and you quickly find yourself in a whole new world of sunshine, high elevation and modern homes around the Volcano Golf and Country Club Estates.
     Upper Puna has experienced a sharp rise in real estate prices recently, yet much of it is still affordable and dreamy to first-time homebuyers.
     Many folks up here have gorgeous views of Mauna Kea, Mauna Loa or both!
     The Upper Puna area includes Kea'au, Hawaiian Acres, Kurtistown, Mountainview, Glenwood, Fern Acres, Eden Roc Estates, Fern Forest Estates, Aloha Estates, Mauna Loa Estates and Volcano Village, and Volcano Golf & Country Club Estates reach to higher elevations. Let me show you what is available.


Contact Christine Mingo,
REALTOR
® Salesperson,
Accredited Buyer Representative
Hilo Brokers, Ltd.
(808) 960-8826, Toll Free: 800-769-4456 
Agent Website: www.ChristineMingo.com




Daily News and Advice

Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.
 


 

More Articles


 
September Round Up: Rates Tick Up
 

 
Nailing Down Housing Costs
 

 
It's a Good Time for a Home Inspection
 

 
FHA Home Loan Program Poised to Take Off
 


 

 



 

Kelly H. Moran, CCIM, CIPS, REALTOR®
E-mail: Kelly@hilo-brokers.com
Web: http://www.hilo-brokers.com
Office: 808-969-9400 x11
Toll Free: 800-769-4456 x11
Mobile: 808-938-5757
Fax: 808-969-7900

 
Hilo Brokers, Ltd.
808-969-9400
400 Hualani St.
Bldg 21
Hilo, Hawaii, 96720
 


Equal Housing Opportunity