Welcome to Orchid Properties!
Orchid Properties offers Professional Real Estate Services throughout the beautiful Big Island of Hawaii, specializing on the East side, Hamakua Coast, Greater Hilo & all Puna District areas. Longtime Big Island resident, Marti Morishige, is owner and Principal Broker. Winston Churchill is an experienced realtor, originally working in Georgia and Texas. He fell in love with the Big Island and is glad he relocated here more than ten years ago. Marti and Winston are always excited to meet new folks who also find the Big Island a great place to live. We are ready serve you with all your real estate needs!
Incorporating the latest technology into all areas of the Real Estate business is what sets Orchid Properties apart from other brokerages. We provide efficient transaction experiences for Buyer & Seller clients and effective marketing of listed properties through the internet. You'll see through past clients comments that our service has been successful and smooth. We want your experience with Orchid Properties to be a 100% positive experience all the way!!
We hope you find this website useful and helpful in gathering information about the Big Island, expanding your real estate knowledge, and for finding or selling your next Big Island Property. Please feel free to visit this site as often as needed and utilize the many resources available! WE would love to hear from you!
We look forward to working with you! ~ Marti, PB & Winston, R(S) & Teruko, Director of Marketing
Year 2013 in Review written 1-9-2014
Hilo and vicinity saw a strong rebound in tourism in 2013. A total of 129 cruise ships made port calls in Hilo. New restaurants were opened and tourist activities were expanded to service everyone. One of my favorite restaurants, Hilo Bay Café, relocated next to Hilo Bay, fitting for their name. Now you can sit on their lanai and watch water sports and cruise ships coming and going as you enjoy your meal. Another expanding activity is taking a boat from Pohoiki boat ramp to go see the lava flow into the ocean. I haven’t tried that yet, but would love to.
The local economy is building momentum. Many public projects were started and UHH’s School of Pharmacy main building project was approved. The 30 Meter Telescope project was also given the green light to be built. In Keaau, HMSA Health Insurance Company just broke ground for a 20,000sf office building. In front of that building will be 4000sf of new retail spaces to be built and leased from Shipman Ltd. Company, the main landowner in the Keaau vicinity. Hawaiian Paradise Park is where you’ll see many new homes being constructed. Pahoa Village is to have a new shopping center with KTA Market as the anchor. That is going to be popular!
Hilo Downtown won the Main Street Matters contest that Benjamin Morre Paint Company sponsored. The storefronts of our beautiful downtown are being painted in January-February of 2014. The color palette has a tropical theme and I can’t wait to see the results!
Compared to 2012, 2013 was a year of more home sales and higher prices for the town of Hilo. Newer homes in Hilo sold for very close to their asking prices. If homes in Hilo were priced near $200,000, they flew off the shelf. The number of sales increased 28% and medium price increased 17% to $290,000!
The limited number of homes and land for sale on the Hamakua coast make real estate in that area a highly sought after commodity. There was 16% increase in the number of sales in 2013 and 22% increase in medium price. The medium land sale was $276,500 and medium house sale was $319,000. Many smaller and older homes on smaller lots sold in 2013, whereas, the land sales were of larger acreages.
As for the Puna district, homes that were priced below $200,000 sold quickly. We did still see more foreclosures and short sales scattered throughout the east side, especially in the Puna district. We may still see some more in 2014, but the number is dwindling every month. The number of sales in Puna for 2013 increased 18.75% over 2012 and medium price increased 11.4% to $166,000. Lower Puna is where the prices will increase the most, maybe another 10-15%, so if you’re looking to buy in that area, I encourage you to decide soon! Also I encourage home sellers to take advantage of the stronger sales and low interest rates for the buyers.
I wish all of you a healthy and successful 2014! Marti Morishige, PB