KONA BY THE SEA KONA BAY DR HAWAII BELT RD CONDO 1 Bed 2 Full Baths 919 SQFT North Kona 6KRUHOLQH YLHZ IURP WKH LQVLGH RI WKH FRQGR RYHUORRNLQJ WKHSRROSDOPWUHHVDQGRQWRWKHRFHDQEUHDN7KHYLHZLV HYHQEHWWHUIURPWKHODQDL.LWFKHQKDVJUDQLWHFRXQWHUWRSV VWDLQOHVV VWHHO DSSOLDQFHV DQG QHZHU FDUSHW IXUQLWXUH DQG cabinetry. The unit has central air and internet access. ACREAGE FOR SALE MLS 290835: Is a 10.5 acre producing leasehold farm with an old farmhouse on property. $169,000. MLS 295025: Panoramic view lot in Hualalai Vistas subdivision. Lot 16, 1 acre. $279,000. MLS# 291621 $935,000 MLS# 291611 $789,000 &$+!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 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 This resort style 3 bed 3 bath home is the least expensive property in Kona’s nicest ocean front community. The air FRQGLWLRQHG UHVLGHQFH KDV D ĂRZLQJ ĂRRU SODQ ZLWK KLJK FHLOLQJV 7KH PDQ\ ZLQGRZV DQG KLJK FHLOLQJ OHW LQ PXFK QDWXUDOOLJKWDQGJLYHVDIHHOLQJRIVSDFHDQGWUDQTXLOLW\ MLS# 291932 $379,000 7KLVLVDEHDXWLIXOO\ODQGVFDSHGSURSHUW\ZLWKDPDLQKRXVH DVHFRQGKRXVHWKDWLVFXUUHQWO\UHQWHGDQGDVKHG$OOEXLOGLQJV DUHSHUPLWWHGDQGWKHWZRUHVLGHQFHVDUHRQLQGLYLGXDOVHSWLF systems. There are approximately 250 coffee trees on the SURSHUW\DQG\RXFDQHQMR\\RXURZQEUHZRQWKHODQDLZKLOH ORRNLQJDWWKHRFHDQYLHZ 12 West Hawaii Real Estate | August 3, 2016 Boosted by a greater share of sales to first-time buyers not seen in nearly four years, existing-home sales maintained their upward trajectory in June and increased for the fourth consecutive month, according to the National Association of Realtors. Only the Northeast saw a decline in closings in June, and sales to investors fell to their lowest overall share since July 2009. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, climbed 1.1 percent to a seasonally adjusted annual rate of 5.57 million in June from a downwardly revised 5.51 million in May. After last month’s gain, sales are now up 3.0 percent from June 2015 (5.41 million) and remain at their highest annual pace since February 2007 (5.79 million). Lawrence Yun, NAR chief economist, says the impressive four-month streak of sales gains through June caps off a solid first half of 2016 for the housing market. “Existing sales rose again last month as more traditional buyers and fewer investors were able to close on a home despite many competitive areas with unrelenting supply and demand imbalances,” he said. “Sustained job growth as well as this year’s descent in mortgage rates is undoubtedly driving the appetite for home purchases.” Cautions Yun, “Looking ahead, it’s unclear if this current sales pace can further accelerate as record high stock prices, near-record low mortgage rates and solid job gains face off against a dearth of homes available for sale and lofty home prices that keep advancing.” The median existing-home price for all housing types in June was $247,700, up 4.8 percent from June 2015 ($236,300). June’s price increase marks the 52nd consecutive month of yearover year gains and surpasses May’s peak median sales price of $238,900. Total housing inventory at the end of June dipped 0.9 percent to 2.12 million existing homes available for sale, and is now 5.8 percent lower than a year ago (2.25 million). Unsold inventory is at a 4.6-month supply at the current sales pace, which is down from 4.7 months in May. The share of first-time buyers was 33 percent in June, which is up from 30 percent in May and a year ago and is the highest since July 2012 (34 percent). Through the first six months of the year, first-time buyers have represented an average of 31 percent of buyers; they were 30 percent in all of 2015. “The modest bump in June sales to first-time buyers can be attributed to mortgage rates near all-time lows and perhaps a hopeful indication that more affordable, lower-priced homes are beginning to make their way onto the market,” adds Yun. “The odds of closing on a home are definitely higher right now for first-time buyers living in metro areas with tamer price growth and greater entry-level supply — particularly areas in the Midwest and parts of the South.” All-cash sales were 22 percent of transactions in June, unchanged from both May and a year ago. Individual investors, who account for many cash sales, purchased 11 percent of homes in June (lowest since July 2009 at 9 percent), down from 13 percent in May and 12 percent a year ago. Sixty-four percent of investors paid cash in June. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage decreased from 3.60 percent in May to 3.57 percent in June. Mortgage rates have now fallen four straight First-time buyers boost market in June “Looking ahead, it’s unclear if this current sales pace can further accelerate as record high stock prices, near-record low mortgage rates and solid job gains face off against a dearth of homes available for sale and lofty home prices that keep advancing.” - Lawrence Yun, NAR Chief Economist
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