KONA BY THE SEA KONA BAY DR HAWAII BELT RD NANI KAILUA DR MLS# 291932 $379,000 MLS# 291621 $1,100,000 MLS# 291611 $789,000 MLS# 291613 $795,000 ACREAGE FOR SALE MLS 290835: Is a 10.5 acre producing leasehold farm with an old farmhouse on property. $195,000. MLS 264781: Lot 87 is a view lot of 1.80 acres in the Hokulia Phase I Resort subdivision. $800,000. 808.895.2232 808.896.7901 firstname.lastname@example.org 75-5722 Kuakini Hwy, Ste #103 Kailua-Kona, HI 96740 RESIDENTIAL 3 Beds 3 Full Baths 2,398 SQFT North Kona RESIDENTIAL 3 Beds 3.5 Baths 2,454 SQFT South Kona RESIDENTIAL 3 Beds 3 Full Baths 2,198 SQFT North Kona Shoreline view from the inside of the condo overlooking the pool, palm trees and onto the ocean break. The view is even better from the lanai. Kitchen has granite countertops, stainless steel appliances and newer carpet, furniture and cabinetry. The unit has central air and internet access. This resort style 3 bed 3 bath home is the least expensive property in Kona’s nicest ocean front community. The air conditioned residence has a windows and high ceiling let in much natural light and gives a feeling of space and tranquility. This is a beautifully landscaped property with a main house, a second house that is currently rented and a shed. All buildings are permitted and the two residences are on individual septic systems. There are approximately 250 coffee trees on the property, and you can enjoy your own brew on the lanai while looking at the ocean view. Beautiful, well designed, family home at the top well, with the master bed & bath on the makai side and a second bad & bath en suite on the mauka side. Home includes a fully paid for Photo Voltaic system & Solar Water. CONDO 1 Bed 2 Full Baths 919 SQFT North Kona West Hawaii Real Estate | April 13, 2016 17 who financed their purchase with a mortgage, over half (52 percent) of vacation buyers and 44 percent of investors financed less than 70 percent of the purchase price. The overall trend of fewer distressed properties (short sale or foreclosure) on the market resulted in vacation buyers and investors purchasing less of them in 2015. Thirty-six percent of vacation buyers (45 percent in 2014) and 39 percent of investors (44 percent in 2014) purchased a distressed property a year ago. Characteristics of vacation-home purchases Vacation-home buyers in 2015 had a higher median household income ($103,700) than those in 2014 ($94,380) and purchased a property that was a median distance of 200 miles away from their primary residence (unchanged from a year ago). Buyers plan to own their property for a median of 7 years, an increase from 6 years in 2014. With more vacation buyers purchasing single-family homes (58 percent) compared to a year ago (54 percent), the share of those buying a condo (25 percent) or a townhouse or row house (13 percent) decreased in this year’s survey. Forty-percent of vacation buyers purchased in a beach area, 19 percent purchased in the mountains or at a lakefront and 16 percent purchased a vacation home in the country. Nearly half of all vacation homes bought last year were in the South (47 percent; 41 percent in 2014), 25 percent were in the West (unchanged from a year ago), 15 percent in the Northeast (unchanged from a year ago) and 13 percent in the Midwest (14 percent in 2014). Over one-third of vacation buyers plan to use their property for vacations or as a family retreat (37 percent), 16 percent bought for future retirement plans and only 7 percent purchased to generate income through renting the property, a decrease from 11 percent in 2014. Characteristics of investmenthome purchases The typical investment-home buyer in 2015 had a median household income of $95,800 ($87,680 in 2014) and bought a detached single-family home (62 percent) that was a median distance of 22 miles from their primary residence (24 miles in 2014). Investment buyers last year purchased property for a variety of reasons, with an increasing share from 2014 citing rental income as the primary reason (42 percent; 37 percent in 2014), followed by low prices and the buyer found a good deal (16 percent), and for potential price appreciation (14 percent). Likely reflecting growing demand towards renting in the city, investment purchases in urban areas increased to 29 percent (26 percent in 2014). Purchased properties from investment buyers were more likely to be in the South (37 percent) and in a suburban area (41 percent). Perhaps encouraged by rising housing demand and home prices, over 80 percent of both vacation buyers and investment buyers believe that now is a good time to purchase real estate. NAR’s 2016 Investment and Vacation Home Buyers Survey, conducted in March 2016, surveyed a sample of households that had purchased any type of residential real estate during 2015. The survey sample was drawn from a representative panel of U.S. adults monitored and maintained by an established survey research firm. A total of 2,053 qualified adults responded to the survey. Respondents were sampled to meet age and income quotas representative of all home buyers drawn from the NAR 2015 Profile of Home Buyers and Sellers.
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