NEW LISTING NEW PRICE WHITE SANDS TERRACE Newer Custom Quality home – easy walk to White Sands Beach. 4Bed/4Bath w/ocean views. Downstairs separate entry. Boat Parking. Oversized Garage w/workshop MLS#297010 • $799,995 NEW LISTING KEAUHOU GARDENS 1-204 Fabulous Bridge/Corner unit w/NO STAIRS, beautifully appointed, best ocean views & huge lanai, 1 Car Garage, 2 Pools, 3 Spas, Tennis, Restaurant. MLS #298728 • $399,900 KONA PLAZA #305 Downtown 2Bed/2Bath condo in the heart of Kona. Walk to shops, restaurants, beach & pier. Ocean Views, Elevator, Secure parking. Vacation Rentals—Pets MLS #299113 • $265,000 WHITE SANDS TERRACE Legal Ohana-5 Bed/4 Baths with 15' x 35' pool, walk to White Sands Beach. Owned Photovoltaic System. Well Maintained. Vacation Rental. MLS #294944 • $998,000 NEW LISTING BEACH VILLAS AT KAHALUU BEACH 2-201 Stunning 2B/2B condo with fabulous ocean views. Directly across the street from Beach. Immaculate condition. Great Rental & Guest Reviews. MLS #298740 • $499,000 NEW LISTING NEW PRICE ALII DRIVE 3 Side-By-Side OCEANFRONT LOTS Build 3 separate homes! Beautiful park-like setting. MLS #282351 • $2,900,000 COMMERCIAL KAPA‘AU COMMERCIAL BUILDING & 2 HOMES REDUCED to SELL Highway Frontage Parcel Zoned CV-l0 plus two 2 Bed/l Bath Plantation Homes. MLS#282345 • $599,000 KONA WONDER VIEW Comfortable 2-story Home located in upper section of subd. 3Bed/2 Bath upstairs w/spacious lanai with some ocean views. 2 Bed/ l Bath Downstairs for guests. Recently painted exterior. MLS#297399 • $469,000 Linda Bradley Realtor/Broker RB-15020 Certifi ed Residential Specialist 808.896.1579 Linda@ElitePacifi c.com www.LindaBradley.com 808-896-1579 6 West Hawaii Real Estate | September 14, 2016 MLS Statistics North Kona sales and inventory trends Prices continue upward climb Despite a modest increase in inventory since 2015, the median home price continues to increase. Chart 1 shows a steady increase in price since 2012. For the buyers we see a good supply of homes to choose from. For sellers there is a brisk turnover of properly priced homes and a steady increase in prices. Looking at the islandwide residential average prices, the greatest price increase is in West Hawaii. This is driven by the significant improvement in sales in the over $900,000 price ranges. A $4 million price cap is used in the sales price data. If the 34 sales priced over $4 million were included, the average residential sale price for the island would jump from $427,000 to $529,000. Using the $4 million price cap results in data that is much more representative of the overall residential market. With the North Kona condo market data we see a slightly different picture. Inventory is up 14 percent since last year and sales are off 6 percent. We do see the median price is up a healthy 8 percent. Griggs said it is possible the price increase has impacted sales numbers. “The condo market appears to be a buyer’s market,” Griggs said. “Recently it has displayed an improving trend.” “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 the1970s,” he said. 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)
REM_091416
To see the actual publication please follow the link above