090117REM_R09

REM090117

West Hawaii Real Estate | September 1, 2017 9 PASSION ~ INTEGRITY ~ COMMITMENT 75-167 Kalani St. Suite 200 Kailua-Kona, HI 96740 Phone: 808-657-0188 Cell: 808-443-1668 Jamaica Cañas Mortgage Broker/Owner NMLS #1006771 We specialize in Home Purchases & Refi nances www.TrustedHomeLoansHi.com jamaica@trustedhomeloanshi.com NMLS #1599951 Kona Real Estate Management Property management of long term rentals and home check services. A small but professional father-daughter run company that are both licensed brokers and treat your property like their own. 808-329-3121 www.konahomesandrentals.com Joseph A. Garcia BIC Christina Sotelo BA PRICE REDUCTION ACREAGE FOR SALE MLS 605651: This one acre lot in Lae Maia Place, a six lot subdivision with easy CC&R’s and a good view Ѵoohbmo†||o‰-u7v|_;"_;u-ঞomŊ Keauhou hotel. $229,000. &$+!ķ!ŋƑƐƒƕƔ 808.895.2232 1_†1hŠ1_†1h|-‹Ѵouruor;uঞ;vĺ1ol 1_†1h|-‹Ѵouruor;uঞ;vĺ1ol ĺ!+ )ķ!"҄ѵƔƖƐƕ 808.896.7901 cbryancaldwell@hawaii.rr.com WALUA ROAD RESIDENTIAL 3 Beds 2 Baths 1,546 SQFT North Kona This is a custom 3BD/2BA home in a 4 unit residential CPR development privately located at the north end of Walua Rd. Enjoy ocean and sunset views from your covered lanai at the comfortable 535’ elevation. Close to both town and Keauhou. ƕƔŊƔƕƑƑ†-hbmb‰‹ķ"|;ŲƐƏƒ -bѴ†-Ŋom-ķƖѵƕƓƏ "ŲѵƏƖƖƓƏ $689,000 RESIDENTIAL 3 Beds 2 Baths 1,715 SQFT North Kona Gorgeous 3BD/2BA stucco exterior home in Kona Heights with spectacular views of the ocean and coastline from several rooms in the house. Features Brazilian FKHUU\ZRRGĂRRUVWKURXJKRXWWKHOLYLQJDQGNLWFKHQ DVRODUKRWZDWHUKHDWHUDQGVSOLWDLUFRQGLWLRQLQJ "Ų608679 $ 575,000 KONA HEIGHTS LE ne lot x lot subdivision from 3.90 percent in June. The average commitment rate for all of 2016 was 3.65 percent. All-cash sales were 19 percent of transactions in July, up from 18 percent in June but down from 21 percent a year ago. Individual investors, who account for many cash sales, purchased 13 percent of homes in July, unchanged from June and down from 11 percent a year ago. Distressed sales6 – foreclosures and short sales – were 5 percent of sales in July, up from 4 percent in June and unchanged from a year ago. Four percent of July sales were foreclosures and 1 percent were short sales. Single-family and Condo/ Co-op Sales Single-family home sales decreased 0.8 percent to a seasonally adjusted annual rate of 4.84 million in July from 4.88 million in June, but are still 1.7 percent above the 4.76 million pace a year ago. The median existing single-family home price was $260,600 in July, up 6.3 percent from July 2016. Existing condominium and co-op sales fell 4.8 percent to a seasonally adjusted annual rate of 600,000 units in July, but are still 5.3 percent higher than a year ago. The median existing condo price was $239,800 in July, which is 5.3 percent above a year ago. Regional Breakdown July existing-home sales in the Northeast dropped 14.5 percent to an annual rate of 650,000, and are now 1.5 percent below a year ago. The median price in the Northeast was $290,000, which is 4.1 percent above July 2016. In the Midwest, existing-home sales fell 5.3 percent to an annual rate of 1.25 million in July, and are now 1.6 percent below a year ago. The median price in the Midwest was $205,400, up 5.9 percent from a year ago. Existing-home sales in the South rose 2.2 percent to an annual rate of 2.28 million in July, and are now 3.6 percent higher than a year ago. The median price in the South was $227,700, up 6.7 percent from a year ago. Existinghome sales in the West jumped 5.0 percent to an annual rate of 1.26 million in July, and are 5.0 percent above a year ago. The median price in the West was $373,000, up 7.6 percent from July 2016. The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.2 million members involved in all aspects of the residential and commercial real estate industries.


REM090117
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