6 West Hawaii Real Estate | October 13, 2017 MLS Statistics The North Kona Residential market data from the Griggs Report continues to show the strength of the 2017 market. The number of homes sold in the under $4.0M price range is up 14% from the previous 12 months, with 502 sales. This is the first time since the recovery began that the number has topped 500. The Median Price for those sales now stands at $620,000, up from $572,300 in 2016. The Island wide Residential Sales data shows the West HI average price is the same as 2016. East HI shows Average Price gain +7%. Affordability is the prime factor in East HI’s strong numbers. The North Kona Condo market data shows a significant decline in inventory from 154 units on the market in 2016 to only 129 this year. Sales numbers and Price are up. This strong demand and declining supply has pushed prices higher. The median price is up +7% from a year ago. Historically, sales data shows that in market cycles in Kona the previous peak prices are surpassed by a substantial amount at the next market cycles peak. The Residential and Condo Price Charts show current prices are below their previous peaks. This suggests it is possible the current price growth trends will continue for the next several years. 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 9/30/07 9/30/08 9/30/09 9/30/10 9/30/11 9/30/12 9/30/13 9/30/14 9/30/15 9/15/16 9/30/17 Percentage COLDWELL BANKER MARYL REALTY Kailua Kona • Queen Ka‘ahumanu & Henry St. #203 Offi ce # (808) 331-8200 /Toll-Free # (800) 845-7559 View Current Listings at ColdwellBankerMaryl.com Offi ce License # RB-16961 KONA VIEW ESTATES 3 bedroom/3.5 bath luxury home with 180 degree panoramic ocean views. Hawaiiana living at its best! Karen Ostlie, RS-60256 (808) 937-1174 $1,850,000 603614 KEAUHOU GARDENS CONDO Spacious 2 bedroom/2 bath Kona Coast Resort luxury condo nestled between the golf course & the ocean. Just a short walk to theater, shopping & dining. Enclosed, private garage. Buddy Norwood, BIC, RB-11909 (808) 896-0144 $499,000 609359 BREATHTAKING OCEAN VIEWS Incredible ocean views from this large 4 bedroom/3 bath home. Large lanai is perfect for entertaining. Home is totally air-conditioned, and includes an office & exercise room. Owned (not leased) photovotaic system. Large carport/garage. Linda Swanson, RB-18865 (808) 987-8021 Ken Kjer, RB-16747 (808) 323-3300 $989,000 294895 UPSCALE KAOHE RANCH ESTATES Spacious 3 bedroom/2.5 bath, new plantation home on 5+ acres. Single-level with 2 car garage. Ocean, sunset views in country setting - potential coffee farm. Kona Carla Womack, RS-61019 (808) 896-6768 $699,950 608028 KALOKO MAUKA Peaceful retreat with unlimited privacy at cool 4800 ft of elevation among Ohia forests, Well-built, elegant, cozy home with over 2600 sq ft, 2 bedrooms, 2 1/2 baths, in the main home, and a 2 bedroom cabin for guests. Dylan Nonaka RS-64242 (808) 937-8382 $1,590,000 610075 HAWAII BELT ROAD Fully fenced, 26 acre coffee and mac-nut farm. Beautiful home, furnished w/tropical flair. Ocean and sunset views! Kona Carla Womack, RS-61019 (808) 896-6768 $1,200,000 299318 OPIHI HALE HOME Self-sufficient 2 bedroom/1 bath steel-framed home with photovoltaic system. Large lanai, gardens and fruit trees. 10 foot ceilings, and lots of windows to provide natural light. Kona Carla Womack, RS-61019 (808) 896-6768 $549,900 603143 • Maryl@Maryl.com KONA PALISADES HOME - AWAKEA ST. 3 bedroom/2 bath well-maintained home is spacious & bright with lots of windows to let in natural light & awesome ocean views. Rock walls surround the property and has an extra-large driveway. Linda Swanson, RB-18865 (808) 987-8021 $569,000 609580 FEATURED AGENT Bud Norwood BIC, RB-11909 (808) 896-0144 BuddyNorwood@gmail.com Call Buddy for your Big Island real estate needs! KOLEA FARM 7.8 acres with coastline views, Kona coffee trees and tons of fruit trees. 2 bed/1 bath home in gated community. Kona Carla Womack, RS-61019 (808) 896-6768 $749,900 294529 PRICE REDUCED
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