Kailua Kona, HI

Anybody that's been to Kailua Kona, knows which restaurant I am talking about. Probably the only Wendy's or let alone any fast food joint, with a million dollar view, in fact the view is so good, it is written up in many tour guides. It is actually in the Keauhou area of Kailua Kona, sitting high above everything, with endless views of the Ocean.

It was sad, one day they just locked the place up, put up a chain across the driveway, and we never heard anything else since then? Turns out that it was so hard, and expensive to find good help, the owner found it cheaper to just close the doors! That had to be about 3-4 years ago?

So the good news is that it will be reopening up as a Sam Choy's restaurant - that's actually great news! Sam Choy is a local chef that actually used to have a restaurant here - used to be out by Costco. He makes wonderful food, and even has a cookbook out with great local recipes. Sam, looking forward to your fine meals again - thank you.

What else is happening with Kona Restaurants?

Los Habanero's has signed a new lease over at Keauhou Shopping Center, but will be moving over to the corner with a much larger eating area, adding in a Tequila Bar, and even talk about pushing out the back of the building and adding tables outside - with that million dollar view of the ocean, Go Los Habanero's

Jack in the Box - that's right, I here Jack in the Box has broken ground on a new restaurant - right across from where the old one used to be - for you short timers, Big Island Grill is located in the old Jack in the Box that closed during the last slowdown!

Looking forward to the changes

Aloha, and have a great day

Lance Owens (RS)

(808) 936-8383

Lance@KonaHomeTeam.com

www.KonaHomeTeam.com

Aloha Kona Realty Inc.

78-6740 Alii Drive

Kailua Kona, more specifically - North Kona Home sales - Rocked for the last part of 2009, if fact they were so good they out did the 4th quarter for 2008, 2007, and 2006.

3rd quarter held its own also - I don't have the numbers in front of me, but pretty much the last 9 months of last year were steady uphill climb.

So does this mean its over? - My crystal ball is over at the crystal ball repair shop right now, so I am going to have to go this one alone - but my guess is - Supply and Demand - with sales steadily rising, it should start turning around - SLOWLY - at least I hope so - I think we learned enough from this recession/more like depression we have been going through to realize that homes don't double in value every 3 years - Man was that crazy or what?

I believe we have seen the worse, I believe the prices are going to drop a little more, I believe that interest rates are going to rise, and incentives are going to go away ! Probably enough to offset the minor drop in prices that are still to come. I base this off of the fact that our last 4th qaurter was higher than the last 4 quarters, the fact that we have experienced 9 months of steady increase, and the fact that - It just feels like it - Glass is half full today !

You know, we are never going to know when its over - until its too late! It will be after prices rise, and you stand there - like you are today (talking about how you should have sold in 2005) - saying, man I should have bought back in 2010 - hopefully this is the year.

Aloha, and have a great day

Lance Owens (RS)

(808) 936-8383

Lance@KonaHomeTeam.com

www.KonaHomeTeam.com

Aloha Kona Realty Inc.

78-6740 Alii Drive