6 West Hawaii Real Estate | June 9, 2017 MLS Statistics Kona condo sales taking off Kona condo sales up, inventory getting low Kona condo sales have been doing very well this year, and especially so in March and May, according to Gretchen Osgood, owner and broker of Hawaiian Isle Real Estate. Both were above average months when comparing to the past few years with 44 and 41 sales respectively. “And with pending sales still staying high, June’s closing might be high also. But, the big story is the inventory,” said Osgood. Inventory in condos is low by the last few years standards. Houses, though not in the graphs, is very low as well. “In supply and demand economics the theory is that something that is in short supply will see an increase in its value to buyers, and that appears to be the case in Kona for condos this year,” explained Osgood. “This year there have been 181 condo sales in Kona for those listed under $1 million and the average price was $308,649. In 2016 in the same timeframe, there had been only 165 sales and the average sale was $302,975. “That is an increase of 2 percent, and that increase I think can be tied to the overall low inventory that we started 2017 with in both houses and condos,” she said. “So, unless a large group of owners decides to put their condos on the market this summer, we will be looking at increased prices potentially since the inventory seems to still be dropping and pending and sales activity remains strong,” explained Osgood. These graphs are presented by Gretchen Osgood, broker and owner of Hawaiian Isle Real Estate. To view more graphs or subscribe to a Kona real estate newsletter, visit HawaiiRealEstateDreams.com. 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 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 IN ESCROW IN ESCROW Kona Condos Listed Under $1 Million – Inventory
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