2/2 condo has golf course Views and 2 lanais. 3 pools, spa, tennis courts, guard gated, walking trails. Walk to Keauhou Bay, best beaches, shopping and entertainment. Great Opportunity. KANALOA AT KONA THINKING WHITE SANDS ABOUT VILLAGE SELLING? SPECTACULAR OCEAN VIEW This unit looks right out onto Magic Sands Beach! This 2/2 front corner unit has a great wrap around lanai. Convenient to everything! Minutes from the village of Kailua and Keauhou for shopping, restaurants and entertainment. Covered assigned tandem parking accommodates two cars. Put the Global Sotheby’s Brand, Network and this Winning Team to work for you now! Together we can get your property SOLD! MLS# 80434 $499,500 SOLD KUAKINI HOUSE LOTS PANORAMIC OCEAN VIEWS Live in your own private resort! Private gated 3 bed 3.5 bath Estate is nestled on the slopes of Hualalai with unbeatable ocean views! Pool, Spa approx. 130 Mac nut trees and assorted fruits on 7.25 acres. MLS# 273130 $999,990 Leasehold WHITE SANDS VILLAGE 2/2 bath with relaxing large lanai that takes in garden & some ocean views. Complex features swimming pool & spa, tennis courts, & BBQ area, for great days playing in the sun. Assigned tandem parking stall for two vehicles. Walk across the street to Magic Sands Beach! 283662 $275,000 O‘OMA 83 ACRES QUEEN K FRONTAGE 3/2 condo with spectacular ocean views! 3 pools 83 acres of great mixeduse and spa, tennis courts, guard project gated, property.walking trails.Ocean Walking Views, distance Zoned to MG-Keauhou 3A, commercial- Bay, best beaches,Industrial. shopping This and is entertainment.absolutely North Located Kona’s nearly BEST on the Commercial golf course. Life Opportunity! is good at Kanaloa! MLS# 269612 $15,000,000 78-6831 ALII DR. STE. 163, KAILUA-KONA HI 96740 Each Offi ce is Independently Owned and Operated. HAWI VILLAGE WALK TO HAWI TOWN Serene and private 3/2 has open fl oor plan, large front and rear lanais, detached garage, huge master, 14’ ceilings, impressively appointed with Koa, granite and custom glass. All this adjoins the Perfect neighbor: an open meadow that is dedicated Preservation land. MLS# 291378 $654,000 REDUCED John Miller Vice President, R(s) & Pam Miller, Broker John@LiveInKona.com | 808 315-5501 Pam@LiveInKona.com | 808 936-9997 KEOPU MAUKA TRANQUIL COFFEE FARM One of a kind 4 acre estate on the slopes of Hualalai. Inviting 5/3 home with large master suite, 2 private lanais, Koi pond, coffee facilities, and marketable fruit trees. Very close to town. Seller will carry note. MLS# 289219 $995,000 IN ESCROW KAHAKAI ESTATES PEEK OCEAN VIEWS 3/2.5 w/Pool. NEW: Granite, Tiger hardwood, Carpet, Travertine, Paint, Ovens & Cooktop. 33,000+ sq. ft. lot has peek ocean views. Spacious rooms with walk in closets. 3 acre park + close to beaches & town. MLS# 295600 $759,000 IN ESCROW CALL US TODAY 808-315-5501 CALL US TODAY 808-315-5501 OCEAN FRONT MLS# 296367 $920,000 KANALOA AT KONA GOLF COURSE VIEW MLS# 297117 $435,000 O‘OMA 83 ACRES QUEEN K FRONTAGE 83 acres of great mixeduse project property. Ocean Views, Zoned MG-3A, commercial- Industrial. This is absolutely North Kona’s BEST Commercial Opportunity! MLS# 269612 $15,000,000 KUAKINI HOUSE LOTS PANORAMIC OCEAN VIEWS Live in your own private resort! Private gated 3 bed 3.5 bath Estate is nestled on the slopes of Hualalai with unbeatable ocean views! Pool, Spa approx. 130 Mac nut trees and assorted fruits on 7.25 acres. MLS# 273130 $999,990 Leasehold SOLD 18 West Hawaii Real Estate | August 17, 2016 Home prices maintained their robust, upward trajectory in a vast majority of metro areas during the second quarter, causing affordability to slightly decline despite mortgage rates hovering at lows not seen in over three years, according to the latest quarterly report by the National Association of Realtors. The report also revealed that for the first time ever, a metro area – San Jose, California – had a median single-family home price above $1 million. The median existing single-family home price increased in 83 percent of measured markets, with 148 out of 178 metropolitan statistical areas (MSAs) showing gains based on closed sales in the second quarter compared with the second quarter of 2015. Twentynine areas (16 percent) recorded lower median prices from a year earlier. There were slightly fewer rising markets in the second quarter compared to the first three months of this year, when price gains were recorded in 87 percent of metro areas. Twentyfive metro areas in the second quarter (14 percent) experienced double-digit increases – a small decrease from the 28 metro areas in the first quarter. A year ago, 34 metro areas (19 percent) experienced double-digit price gains. Lawrence Yun, NAR chief economist, says a faster pace of home sales amidst languishing inventory levels pushed home prices higher in most metro areas during the second quarter. “Steadily improving local job markets and mortgage rates teetering close to all-time lows brought buyers out in force in many large and middle-tier cities,” he said. “However, with homebuilding activity still failing to keep up with demand and not enough current homeowners putting their home up for sale, prices continued their strong ascent – and in many markets at a rate well above income growth.” The national median existing single-family home price in the second quarter was $240,700, up 4.9 percent from the second quarter of 2015 ($229,400), which was previously the peak quarterly median sales price. The median price during the first quarter of this year increased 6.1 percent from the first quarter of 2015. Total existing-home sales, including single family and condos, rose 3.8 percent to a seasonally adjusted annual rate of 5.50 million in the second quarter from 5.30 million in the first quarter of this year, and are 4.2 percent higher than the 5.28 million pace during the second quarter of 2015. “Primarily from repeat buyers moving up or trading down, existing sales increased each month last quarter and could’ve been even higher if not for a few speed bumps,” explained Yun. “Closings were slowed a bit by meager supply levels and home prices in many areas that are still rising too fast.” At the end of the second quarter, there were 2.12 million existing homes available for sale, which was below the 2.25 million homes for sale at the end of the second quarter in 2015. The average supply during the second quarter was 4.7 months – down from 5.1 months a year ago. According to Yun, without enough new construction being built, existing inventory seriously failed to keep up with the growing demand for buying. As a result, homes typically stayed on the market for around a month throughout the second quarter, and over 40 percent of listings sold at or above list price, with June being the highest share since NAR began tracking in December 2012 (43 percent). “Many listings in a majority of markets – and especially those in lower price ranges – had multiple offers and went under contract quickly because of severely inadequate supply,” added Yun. “This in turn dented affordability and without a doubt priced out a segment of buyers attempting to seek relief from fast-growing rents.” Despite falling mortgage rates and a small increase in the national family median income ($68,774), swiftly rising home prices caused affordability to decline in the second quarter compared to a year ago. To purchase a single-family home at the national median price, a buyer making a 5 Home-price gains unfettered in most metro areas percent income payment $49,504,for a 20 The markets the San where price $California,$725,200; The the second Warren-Cumberland, Illinois,New York,Illinois, Metro cooperative in 59 metro national was $227,200 up 4.8 of 2015 areas
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