6 West Hawaii Real Estate | July 7, 2017 MLS Statistics Sales and inventory trends Inventory tight in most price ranges Kona’s sales continued their strong selling 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 Rare commercial condominium 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 Once in a lifetime oceanfront tropical retreat! Located in a quiet private gated community & previously owned by a European Princess, this is a MUST SEE! Saul Brecher, RS $2,350,000 MLS#296668 2bd/2ba $639,000 MLS#604621 3bd/3ba Absolute oceanfront & just steps from the oceans edge! Enjoy year round fabulous sunsets, basking turtles on the beach, all yours, from the private lanai! Lynn Rumball, RB KONA BALI KAI $474,500 MLS#602792 2bd/2ba Come home to Island Elegance! Stylishly appointed luxury condo in the prestigious Hali’I Kai oceanfront community, situated in the heart of the Kohala Coast! Ken Anderson, RB WAIKOLOA BEACH RESORT Top Floor, Absolute Oceanfront, Turnkey-Furnished! Watch surfers, turtles, sailing ships & breaching whales from your very private and spacious private lanai! Walter Sinicki, RB KONA BALI KAI $539,000 MLS#607425 2bd/2ba Designed by renowned Honoka‘a architect Aza Summers! This one is a one of a kind home and set in one of the nicest neighborhoods in Hilo! Don’t miss out on this!!! Raleigh Luitjens, RS HILO $615,000 MLS#606177 3bd/2ba $849,000 MLS#600623 2bd/2ba CAPTAIN COOK $1,950,000 MLS#605182 3bd/4ba KEALAKEKUA This Captain Cook gem is bursting with character! Nestled on the slopes of Mauna Loa, is an opportunity to own your own co ee farm at an a ordable price! Goldie Hayko, RS For more Photos, Listings and Maps go to: www.Kona.Hawaiimoves.com streak through the end of the second quarter making for a super first half of 2017, said Gretchen Osgood, broker and owner of Hawaiian Isle Real Estate. Year-to-date, 269 houses have sold, an increase of 13 percent from the first half of 2016’s sales of 235. Condo sales in the first half hit 242, a 17 percent increase over the 202 sold in 2016 by mid-year. So, what price ranges are selling the most in houses? The chart showing the ‘Number of Sales’ highlights those price brackets. “Not surprising it is the $500,000 to $599,999 range that is topping the chart,” said Osgood. Houses under that bracket typically are smaller, older and have some location or condition issue preventing them from reaching the higher price point. The ones over the midway mark are fancier, larger, newer, or have great ocean views or a pool. Leaving the largest chunk in the middle, that are nice, newer, and mid-size,” she explained. The current listing chart shows that Kona doesn’t have a huge supply in any particular price bracket. When you take that inventory and divide it by this quarter’s sales, you get an estimate of how many months’ supply of homes you may have. Six month’s supply is considered an even buyer and seller market, anything under is considered a seller’s market. The majority of Kona’s price brackets are under four months’ supply and the most popular bracket of $500,000 to $599,999 only has 2.5 months supply! The Days on the Market graph shows how the extra months of supply of homes adds up to more choices for buyers and hence more days on the market. “With tight inventory options for buyers that means higher prices are on the horizon and that has been the case for the first half of the year in houses,” said Osgood. Number of Sales - April 1, 2017 to June 30, 2017 Current Listings - April 1, 2017 to June 30, 2017
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