052617REM_R17

REM052617

West Hawaii Real Estate | May 26, 2017 17 Get The Ocean View You’ve Wanted in 2017 HOVE - 1 acre lot with coastline views, concrete driveway, paved street and power available, plus an insulated container. $19,900 This studio has a deck overlooking the Kailua Bay ocean views and church steeple. Kitchen is rarely used and complex has a nice pool and barbecue area. $87,000 Leasehold KEALAKEKUA RANCH CENTER SUBLEASE OFFICE SPACE 82-6066 Mamalaho Highway, Captain Cook, Hawaii 96704 OFFICE SPACE AVAILABLE ON LOWER LEVEL - 1,230 SQUARE FEET Located on the South Kona coast, Kealakekua Ranch Center is a grocery and national hardware store anchored shopping center focused on the needs of the community. The synergy amongst the current tenants makes this a successful location for any offi ce, restaurant or retail store. The Property is centrally located with ease of access for residents and visitors coming from the Kealakekua, Captain Cook, Milolii, Ocean View and South Kona areas. Debbie Parmley (B) CCIM Vice President | Hawaii License No. RB-21953 Leasing Services – Island of Hawaii Direct +1 808 987 7722 Main +1 808 524 2666 debbie.parmley@colliers.com For details on all listings visit, DebbieParmley.com the most difficult task, millennials were most likely to cite student loans as the debt that delayed saving (55 percent), followed by Gen X (29 percent) and younger boomers (9 percent). “Repaying student debt also appears to be slowing some current homeowners who went to graduate school and now can no longer afford to sell and trade up because of their loans,” added Yun. “Nearly a third of homeowners in a NAR survey released last year said student debt is preventing them from selling a home to buy a new one.” More millennials moving to the suburbs…with their kids Similar to previous years, roughly two-thirds of millennial buyers are married. One aspect of their household that has changed is the number of children in them. In this year’s survey, 49 percent of millennial buyers had at least one child, which is up from 45 percent last year and 43 percent two years ago. With more kids in tow, the need for more space at an affordable price is increasingly pushing millennial buyers outside the city. Only 15 percent of millennial buyers bought in an urban area, which is down from 17 percent last year and 21 percent two years ago. “Millennial buyers, at 85 percent, were the most likely generation to view their home purchase as a good financial investment,” added Yun. “These strong feelings bode well for even greater demand in the future as more millennials settle down and begin raising families. A significant boost in new and existing inventory will go a long way to ensuring the opportunity is there for more of them to reach the market.” Millennial buyers and sellers overwhelmingly go online and use a real estate agent Regardless of age, buyers and sellers continue to see real estate agents as an integral part of a real estate transaction. In this year’s survey, nearly 90 percent of respondents said they worked with a real estate agent to buy or sell a home. This kept forsale by-owner transactions down at their lowest share ever (8 percent). Not surprisingly, online and digital technology usage during the home search has increased in recent years. Although millennials and Gen X buyers were the most likely to go online during their search, they were also the most likely to buy their home using a real estate agent (92 percent and 88 percent, respectively). On the seller side, millennials were the most likely to use an agent (90 percent), followed closely by Gen X and younger boomer sellers (each at 89 percent). “Online and mobile technology is increasingly giving consumers a glut of real estate data at their disposal,” said NAR President William W. Brown, a Realtor from Alamo, California. “However, at the end of the day, buyers and sellers of all ages — but especially younger and often DIY-minded consumers — seek and value a Realtors’ ability to dissect this information and use their expertise and market insights to coach buyers and sellers through the complexities of a real estate transaction.” NAR mailed a 132-question survey in July 2016 using a random sample weighted to be representative of sales on a geographic basis to 93,171 recent homebuyers. Respondents had the option to fill out the survey via hard copy or online; the online survey was available in English and Spanish. A total of 5,465 responses were received from primary residence buyers. After accounting for undeliverable questionnaires, the survey had an adjusted response rate of 5.9 percent. The sample at the 95 percent confidence level has a confidence interval of plus-or-minus 1.32 percent. The recent homebuyers had to have purchased a home between July of 2015 and June of 2016. All information is characteristic of the 12-month period ending in June 2016 with the exception of income data, which are for 2015. BROKERS Linda Johnson R, GRI, SFR Specializing in You & Kona Real Estate Cell: 808.989.6155 property@hawaii.rr.com • www.propertyinkona.com


REM052617
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