6 West Hawaii Real Estate | March 2, 2016 MLS Statistics Sales and inventory trends MLS Condo prices climb 6 percent, inventory on the rise Staging Works! As a ASPM Accredited Staging Professional Master, I will help you prepare your property for sale so that it stands out against the competition. Staging is no longer an option for sellers, it’s a must! Staged homes statistically sell faster and for more money. Working with an Accredited Staging Professional Master™ will give you the Market Advantage! My services are free on my own listings, but I am happy to give complimentary estimates for all others. Sharly Ward Elite Pacifi c Properties RB, ABR, ASP, ASPM, CRS, GRI Accredited Staging Professional Master ASPM 2009 Hall Of Fame, Life Time Achievement Award 2011 Property Manager of the Year 2012 Best Real Estate Agent - West Hawaii Today 2015 Best Real Estate Agent - West Hawaii Today Staging is a Federally Registered Trademark of StagedHomes.com™ All rights reserved. Accredited Staging® Professional™ is a Trademark of StagedHomes.com™ All rights reserved staged. sharlyward@gmail.com www.staginghawaii.com Cell: 938-9533 Charts from the Griggs Report show the North Kona residential price was relatively flat in 2015. Median price had been at $550,000 for the last nine months of 2015. This year we see the median residential price creeping higher. It is $553,500 in this current report. The median price will likely trend higher simply because there is little inventory under $500,000, said Michael B. Griggs, Clark Realty Corporation broker. The overall residential inventory is well above last year’s number, but is trending down since the last report. The Kona Residential Price Range Table shows most of the increase in sales can be attributed to the $500,000 to $900,000 price range. There is also a significant increase in inventory in the North Kona condo market. At the same time we see a healthy 6 percent median price increase. While the residential inventory is trending down since last report, the condo inventory has increased. “If you look at the historical prices in the Residential and Condo Charts you see that 2006 prices are still well above current levels, suggesting that price still has a great deal of upside if historical cyclical trends hold true as they have since the 1970s,” said Griggs. 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 2/28/06 2/28/07 2/29/08 2/28/09 2/28/10 2/28/11 2/29/12 2/28/13 2/28/14 2/28/15 2/29/16 Percentage
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