6 West Hawaii Real Estate | May 10, 2017 MLS Statistics North Kona, South Kohala sales, inventory trends Kona has another outstanding month! April saw a high number of home and condo sales — only 10 fewer than recorded in March. “It was an outstanding month,” said Gretchen Osgood, broker and owner of Hawaiian Isle Real Estate. “Seventy five sales is still very strong as the graph shows and higher than last April’s 67.” The pending inventory for houses and condos is up to 173, a high we haven’t seen since 2013 when we sprung up from the bottom of the market in 2011. And inventory, the talk around the nation, is down yet again in April dropping an additional 27 after dropping 33 in March…that is a total of 60 fewer properties to choose from in May and the lowest Each offi ce is independently owned & operated Kona.HawaiiMoves.com Kona Offi ce 74-5450 Makala Blvd., Suite 103 808-329-0021 Conveniently located in the Kona Commons Mall! One of the Most Rare & Magical Ocean Front Estates on Earth! Unique open oor plan that aligns the home to face the ocean! Sunsets every single day of the year! Saul Brecher, RS KAILUA KONA Watch beautiful Kona Sunsets from your own lanai! This property has a 3bd/2ba upper unit and a 2bd/1ba lower unit. Great investment opportunity! Harry Hersh, RS $1,950,000 MLS#605182 3bd/4ba $560,000 MLS#604350 5bd/3ba Rare commercial condominimum in Pualani Terrace! The combined o ce space is 2,500 SF for endless possibilites! Complex is well-maintained and fully landscaped! Walter Sinicki, RB KEALAKEKUA VILLAGE $479,000 MLS#601329 1 Unit/2 o ce spaces Rare gem nestled above Kona on over an acre of gated land! This deluxe custom home o ers not only home grown produce, but stunning ocean views! Ken Anderson, RB HOLUALOA $799,000 MLS#603336 4bd/2ba Absolute oceanfront & just steps from the oceans edge! Enjoy year round fabulous sunsets, basking turtles, and all yours from the private lanai! Lynn Rumball, RB KONA BALI KAI $474,500 MLS#602792 2bd/2ba Boasting unobstructed Ocean & Sunset views! Just minutes from Kona town, this property o ers cook trade winds during the day & cool mountain breezes at night! Saul Brecher, RS HOLUALOA $749,000 MLS#297876 3bd/4ba Overlooking the Paci c Ocean and Move In Ready! Close to beaches, shopping & entertainment, this well maintained home. Andrew Argyris, RS KAILUA KONA $448,000 MLS#602817 3bd/2.5ba KAILUA KONA The Kama’aina Inn is located in the heart of Hilo! 7bd/7.5ba Included with the guestrooms are separate owners residential quarters! Recently rebuilt from the foundation up! Sean Folan, RS HILO TOWN $840,000 MLS#601789 7bd/7.5ba count we have seen since the end of 2014, according to Osgood. “So, with more sales and less inventory, prices will be the next thing to move up and they have been,” she said. “In Kohala, a lot of the same stuff is happening…although their sales were notably lower this month, but they have a heavier tourist market than Kona does and they leave earlier usually,” Osgood explained. “The inventory out here has also been steadily dropping and is now also below the winter 2014 levels.” Pending sales are at recent highs of 96, which are all good signs of a strong sellers’ market in South Kohala, according to Osgood. “With interest rates poised to rise again in the next few months, some thinking they will hit 5 percent by the end of the year and with less to choose from, now is the time to get off the fence and make a move, before they get out of reach,” she said. North Kona – Houses & Condos – Sold and Listed Under $1 Million
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