12 West Hawaii Real Estate | September 28, 2016 Sales of newly built, single-family New home sales climb to highest level since October 2007 homes rose 12.4 percent in July from a downwardly revised June reading to a seasonally adjusted annual rate of 654,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest reading in almost nine years. “This rise in new home sales is consistent with our builders’ reports that market conditions have been improving,” said NAHB Chairman Ed Brady, a home builder and developer from Bloomington, Ill. “As existing home inventory remains flat, we should see more consumers turning to new construction.” “This rise in new home sales is consistent with our builders’ reports that market conditions have been improving,” said NAHB Chairman Ed Brady, a home builder and developer from Bloomington, Ill. “As existing home inventory remains flat, we should see more consumers turning to new construction.” “July’s positive report shows there is a need for new single-family COLDWELL BANKER MARYL REALTY Kailua Kona • Queen Kaahumanu & Henry St. #203 Offi ce # (808) 331-8200 / Toll-Free # (800) 845-7559 KONA COASTVIEW 3 bedroom, 2 bath Ahulani home at an ideal elevation. Vaulted ceilings, wood-laminate floors, and a large deck. Tropical landscaping. Donna J. Underwood, RS-26747 (808) 557-1383 $449,000 298062 View Current Listings listings at CBMaryl.com Offi ce License # RB-16961 LOKAHI MAKAI 2012 Quality-built 3 bed / 2 bath home. Gourmet kitchen, large backyard & ocean views! Kona Carla Womack, RS-61019 (808) 896-6768 $539,900 291563 KONA VIEW ESTATES Large, panoramic home with ocean views. 3 separate bedroom suites, 3 car garage, surrounding gardens & pool. Karen Ostlie, RS-60256 (808) 937-1174 $1,999,950 290922 AHUALOA HOMESTEADS Spectacular estate property - fully permitted for operational lodge and full certified commerical kitchen. Dylan Nonaka RS-64242 (808) 937-8382 $1,790,000 290331 KONA BALI KAI 1 bedroom, 1 bath ground floor unit with garden view in a popular vacation rental & it’s fully furnished! Buddy Norwood, RB-11909 (808) 896-0144 $180,000 285750 SEA VILLAGE 2 bedroom, 2 bath Kona condo - ground floor unit with ocean views, turnkey furnished. Kona Carla Womack, RS-61019 (808) 896-6768 $405,000 286454 KONA PACIFIC Spacious corner unit in popular “C” Building with ocean views. Walking distance to the beach. Turnkey, furnished. Kona Carla Womack, RS-61019 (808) 896-6768 $399,000 293094 KAAUHUHU HOMESTEADS - HAWI Snapshot of old Hawaii with nearly 7 acres. Spectacular ocean views from everywhere. Call today for additional details. Robert D Hudspeth, RS-55464 (808) 896-3066 $695,000 288314 KONA PARADISE - HUNA KAI ROAD 3 bedroom, 2 bath home on Huna Kai Road. 1,476 square foot home, with 7,500 of land area! Covered carport. Gail Jamison, RB-32421 & Kona Carla Womack, RS-61019 987-5064 / 896-6768 $439,000 297263 HOLUALOA 3 bedroom, 2 bath Holualoa home on fenced 5 acre property. Awesome coastline views from the large covered lanai. Buddy Norwood, RB-11909 (808) 896-0144 $910,000 295738 homes, buoyed by increased household formation, job gains and attractive mortgage rates,” said NAHB Chief Economist Robert Dietz. “This uptick in demand should translate into increased housing production throughout 2016 and into next year.” The inventory of new homes for sale was 233,000 in July, which is a 4.3-month supply at the current sales pace. The median sales price of new houses sold was $294,600. Regionally, new home sales rose by 40 percent in the Northeast, 18.1 percent in the South, and 1.2 percent in the Midwest. Sales remained unchanged in the West.
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