Page 8

REM_102616

COLDWELL BANKER MARYL REALTY NEW LISTING! NEW LISTING! SPECTACULAR WAINANI ESTATE HOME Sweeping ocean views from this beautiful 3 bedroom, 2 bath home in desirable neighborhood. Lush tropical landscaping. Must see! Cheryl Cataraha-Cagampang, RS-75190 (808) 938-7703 $599,000 299503 Kailua Kona • Queen Kaahumanu & Henry St. #203 Offi ce # (808) 331-8200 / Toll-Free # (800) 845-7559 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 View Current Listings listings at ColdwellBankerMaryl.com Offi ce License # RB-16961 SUNSET RIDGE Brand-new, 3 bed / 2 bath home under construction with stucco exterior, open floor plan, granite, tile & solar hot water. Leanna Flem, RS-61159 (808) 895-3157 $496,000 288720 WAIKOLOA VILLAGE CONDO 2 bedroom, 2 bath recently upgraded unit - Makana Kai at Wehilani. Open floor-plan, nice views. Ideally located in Waikoloa Village. Kendall DiDonato, RS-74803 (808) 345-5212 $249,000 600159 KONA PARADISE - KIHI KIHI ROAD 3 bedroom / 3.5 bath custom, well-built home with 3 master suites and central A/C. Killer coastline views! Call Carla to see! Kona Carla Womack, RS-61019 (808) 896-6768 $489,000 296453 KONA VIEW ESTATES Large, panoramic home with ocean views. 3 separate bedroom suites, 3 car garage, surrounding gardens & pool. Karen Ostilie, RS-60256 (808) 937-1174 $1,999,950 290922 KONA PARADISE - KAOHE ROAD Custom 3 bedroom, 3 bath beach house with separate guest quarters. Clean, pristine and affordably priced. Coastline & sunset views! Kona Carla Womack, RS-61019 (808) 896-6768 $495,000 299583 TREE FERN LANE - HOVE 3 bedroom, 3 bath home in Ocean View Estates. Well-maintained - looks and feels like brand-new! Call today to schedule a showing. Dylan Nonaka, RB-64242 & Mark Shaw, RS-77672 937-8382/443-7549 $249,900 295293 KONA VISTA - AWESOME VIEWS! Spacious 3 bedroom, 2 bath home in one of the most desirable neighborhoods in Kona. Fenced yard with a pool at a great elevation. Buddy Norwood, RB-11909 (808) 896-0144 $875,000 299294 MILOLII BEACH HOME Beach cottage with LOTS of potential. Awesome coastline views, walking distance to the black sand beach at Honomalino Bay. Dylan Nonaka RS-64242 (808) 937-8382 $199,000 290596 PRICE REDUCED NEW LISTING! 8 West Hawaii Real Estate | October 26, 2016 “Contract activity slackened throughout the country in August except for in the Northeast, where higher inventory totals are giving home shoppers greater options and better success signing a contract,” he said. “In most other areas, an increased number of prospective buyers appear to be either wavering at the steeper home prices pushed up by inventory shortages or disheartened by the competition for the miniscule number of affordable listings.” - Lawrence Yun, NAR Chief Economist After bouncing back in July, pending home sales cooled in August for the third time in four months and to their lowest level since January, according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contract signings, declined 2.4 percent to 108.5 in August from a downwardly revised 111.2 in July and is now slightly lower (0.2 percent) than August 2015 (108.7). With last month’s decline, the index is now at its second lowest reading this year after January (105.4). Lawrence Yun, NAR chief economist, says suffering supply levels have taken the wind out of the momentum the housing market experienced earlier this year. “Contract activity slackened throughout the country in August except for in the Northeast, where higher inventory totals are giving home shoppers greater options and better success signing a contract,” he said. “In most other areas, an increased number of prospective buyers appear to be either wavering at the steeper home prices pushed up by inventory shortages or disheartened by the competition for the miniscule number of affordable listings.” According to Yun, evidence is piling up that without more new home construction the current housing recovery could stall. Housing inventory has declined year-over-year for 15 straight months; properties in August typically sold 11 days quicker than in August 2015 and after increasing 5.1 percent last month, existing-home prices have risen year-over-year for 54 consecutive months. “There will be an expected seasonal decline in new listings in coming months, which could accelerate price appreciation and make finding an affordable home even more of a struggle for would-be buyers,” added Yun. Earlier this month, NAR released a new study that revealed single-family home construction is not keeping pace with job creation and is lacking overall in 80 percent of measured metro areas. When combined with the scant supply levels for existing homes, these tight inventory conditions continue to hamper affordability in many of the largest cities in the country – especially those in the West. “Given the current conditions, there’s not much room for sales to march again towards June’s peak cyclical sales pace,” said Yun. Following last month’s decline, Yun expects existing-home sales in 2016 to be around 5.36 million, a 2.1 percent increase from 2015 and the highest annual pace since 2006 (6.48 million). The national median existing home price growth is forecast this year to rise around 4 percent. Regional Breakdown The PHSI in the Northeast rose 1.3 percent to 98.1 in August, and is now 5.9 percent above a year ago. In the Midwest the index decreased 0.9 percent to 104.7 in August, and is now 1.7 percent lower than August 2015. Pending home sales in the South declined 3.2 percent to an index of 119.8 in August and are now 1.5 percent lower than last August. The index in the West fell 5.3 percent in August to 102.8, and is now 0.6 percent lower than a year ago. Pending Home Sales Retreat in August


REM_102616
To see the actual publication please follow the link above