So here's the deal:
My Dad died in May 2011. We were warned that the housing market in Hawaii at that time was rough. More than one person had a story about someone they knew who had been trying to sell their house for 2-3 years. After the first realtor was unable to even get an offer, we got a new awesome realtor who listed it at $649,000, eventually dropping the price to $625,000, which is what it sold for in 2013. The buyers were from Northern California - a veteran turned college professor who had just retired from teaching, and his wife, a nurse who had secured a job at the hospital in Kona.
They sold the house in early 2018 for $845,000. Those are the buyers who listed it in April for $1,590,000. A little over six years after they bought it, they nearly doubled the price.
There was a measly reduction to $1,491,000 in early June and there it has sat ever since. As nice of a house as it is, I think it's overpriced. I have no idea if they're desperate to move it - based on the price, I don't think so - or why they're selling. But I do check it every few days to see what's happening. Not much lately.
There were some changes made to the interior and it's weird seeing how hard it is to recognize certain parts of the house. But what really got me was this photo of the view from the lanai/backyard:
The house has absolutely spectacular sunset views and this picture reminded me so much of some of the pictures I took while I was there in 2011.
I hope whoever ends up with this house loves it as much as we did.
Updated 7/30/24: Yesterday the house's status changed from "For Sale" to "Accepting Backups", which means they're considering an offer, but are also accepting lower, backup offers. I wonder what the highest offer is, if it's anywhere near the asking price. I still think it's overpriced, but real estate is a crazy world and I guess we'll see what it eventually goes for. I also hope whoever buys it stays there for a long time. This will be the third time it's been sold since my Dad died. While it's not as big, grandiose, or resort-like as many of the other houses in the area, it's a nice house in a nice location. Someone should love it as much as we did.
Updated 8/30/24: The house just sold for $1.3 million. I still think whoever bought it overpaid, but on the other hand for that area, it's one of the less expensive homes. I wonder if the sellers were disappointed that they got almost $300,000 less than what they were asking. At least it didn't take long - the house was only on the market for four months. My Dad originally bought it (around 1997) for $475,000. I wonder what he'd think of what it just went for.