6 West Hawaii Real Estate | June 23, 2017 MLS Statistics Market holds strong long after winter buying season The strong residential winter buying season has not taken a break, according to Clark Realty Broker Michael B. Griggs. The number of homes sold is up 15 percent from the previous 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 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 MIDDLE KEEI ROAD Newly cleared 1.24 acre easy buildable lot with great mountain and ocean views. Private location with lots of soil for planting. Water at the end of the private road, and electricity is close. $299,000 MLS#602520 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 KONA BEACH WEAR– ALI‘I DRIVE Up s c a le wome n’s a p p a re l retail shop located in the Kona Market Place. The business is for sale complete with inventory, computers, programs and printer. The building and land are not for sale. Owner supplied financing available with down payment. $79,900 MLS#606902 IN ESCROW IN ESCROW 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 12 months. The number of closings in the last 30 days is extraordinary at 61. Residential inventory continues on a declining trend and prices have continued to increase at an annual rate of 5 to 6 percent. 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 and the greatest increase in sales. Affordability, improved local economy and strong visitor numbers continue to drive that market. The North Kona condo market data shows a huge decline in inventory and strong sales activity. Sales are up compared to the last 12-month period, as is the median price. “This is a welcome change from the lackluster performance of 2015 and 2016,” said Griggs. “Historically, sales data shows that in market cycles in Kona the previous peak prices are surpassed by a substantial amount at the next cycle’s peak,” he said. “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.” 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 6/15/07 6/15/08 6/15/09 6/15/10 6/15/11 6/15/12 6/15/13 6/15/14 5/15/15 6/15/16 6/15/17 Percentage
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