052617REM_R08

REM052617

8 West Hawaii Real Estate | May 26, 2017 MLS Statistics Griggs report reveals market trends Sales, prices up island wide The winter and spring visitor numbers were up 10 to 11 percent over 2016. This has translated into increased sales and prices in the residential, condominium and land markets in North Kona and island wide. Usually, there is a notable slowdown this time of year, according Cindy Griffey, R(S) (808) 937-3370 Cell cindy@macarthurhawaii.com 78-6831 Alii Dr. #163 Kailua Kona, HI 96740 “IT’S A GREAT TIME TO SELL!” Each Offi ce is Independently Owned and Operated NEW LISTING NEW LISTING SUNSET RIDGE AT WAIKOLOA Immaculately kept home on a nice low maintenance yard. This house has 3 bedrooms, 2 baths, a nice covered lanai, and garden, mountain and sunset views. Head to the beach in 15 minutes and come home to cool easy Hawaii living! $589,000 MLS#606893 HALE HOKULELE KAI Award winning design by Cindy Griffey. 32 foot high ceilings in the great room. Mexican Saltillo tile with black slate border on ground fl oor. Beautiful Koa wood fl ooring in upstairs of main house with 4 beds and 3 baths. 1 large dormitory style bed with 2 balconies, a luxury bath, and Koa wood designer fl oor. Living space approx. 6,830 sqft. Gorgeous pool and jacuzzi for swimming and soaking in this tropical paradise. $1,599,000 MLS#298250 CAPTAIN COOK Build your dream house on this 12 acre plus piece of paradise. Forested for privacy with great ocean and coastline views from the lower part of the property. Horizon and sunset views from all parts of the lot. $240,000 MLS#605655 ALI‘I HEIGHTS One of a k ind luxur y f ami ly compound and /or corpor ate retreat . Stunning coastline and ocean views from Keauhou to north Kailua bay across the 55 ft. gorgeous pool. Over 5,500 sqft. of open living area with 5 bedrooms, a craft room, 5 full baths, 1 half bath and separate guest house all behind a gated entry. $2,499,000 MLS#607107 KONA PARADISE Remodeled 3 bedroom 2 bath house in upper Kona Paradise. Great ocean, coastline and horizon views. Large wrap around covered lanai, all new stucco siding and paint. New granite counter tops, appliances and kitchen cabinets for a clean modern look. Cool elevation but only minutes to private Pebble Beach below. $439,000 MLS#604088 OLD VOLCANO ROAD Classic home in the hear t of Volcano Village on 13.6 acres with a gated entry, separate guest house, stable, studio like structure and lush grounds leading to riding trails. Perfect for that special person who appreciates a historic plantation style home. Must see to appreciate. MLS#288412 HOKULIA PHASE 1 Don’t miss the opportunity to be on Hokulia’s private Jack Nicholson Golf Course. Build your dream home on this lot that features 1.3 acres in Phase 1 of development. Panoramic whi t e wat e r and coastline views. This is a bank REO, priced to sell! $395,000 MLS#296748 ROYAL SEA CLIFF A highly desirable resort style ocean front jewel on Ali‘i Drive with lush tropical landscaping. Located 1.7 miles from Kailua Kona village. 1 bedroom/1 bathroom, amenities include 2 ocean front pools, spa, tennis court, 3 Bbq areas, outdoor kitchen, recreation game room, library, concierge on site, covered garage and elevator. $248,000 MLS#603518 NEW LISTING HUALALAI VILLAGE Beautiful clean remodeled ground f loor 1 bedroom, 1 bathroom turnkey unit. Enjoy the beautiful ocean view from the living room and patio area. Great convenient location just minutes to anywhere, but still a quiet country setting at a cooler elevation. $249,000 MLS# 604778 KONA BEACH WEAR– ALI‘I DRIVE Upscale women’s apparel retail dress shop located in the Kona Market Place. High traffi c indoor shop in open outside mall in downtown Kona . The Kona Beach Wear business i s for sale complete with inventory, computers, programs and printer. The building and land are not for sale. $79,900 MLS#606902 to Clark Realty Corporation Broker Michael B. Griggs. “The activity hasn’t slowed much, in fact, the market is still very active,” he said. Residential inventory continues to decline and median prices over the past 12 months are up 8 percent from the previous 12 months. The Price Range table shows a notable increase in sales in the $700,000 to $900,000 price range. “This is just another indicator of the strength of this market,” said Griggs. “It is very likely that we will continue to see prices rise.” The island wide residential sales numbers and prices are up. East Hawaii appears to have the greatest price increase. Affordability and strong visitor numbers continue to drive that market. The North Kona Condo market data show a large decline in inventory and strong pending sales activity. The number of sales in the past 12 months is up, as is the median price. “This is a welcome change from the lackluster performance of 2015 and 2016,” said Griggs. “Historically, sales data show that in market cycles in Kona the previous peak prices are surpassed by a substantial amount at the next cycle’s peak. The Residential and Condo Price Charts show current prices are below their previous peaks. This suggests it is likely the current price growth trends will continue,” said Griggs. North Kona Residential # Sold In Past 12 Months vs. Median Sale Price (thousands) North Kona Condominium # Sold In Past 12 Months vs. Median Sale Price (thousands) North Kona 5/15/07 5/15/08 5/15/09 5/15/10 5/15/11 5/15/12 5/15/13 5/15/14 5/15/15 5/15/16 5/15/17 Percentage


REM052617
To see the actual publication please follow the link above