Oceanfront 3/2.5 with Studio! Kona Shores Studio Quaint, spacious 3/2.5 home with an attached studio with full kitchen as well. This Long house has cute French doors from the living area opening up to the large entertainment area facing the Beautiful, Blue, Pacific... Main Kitchen and bathrooms were remodeled approx. 8 years ago and has been well maintained. Perfectly set up for vacation rentals now or a great home to move into. Lots of ocean frontage for this offering. $1,399,000 MLS# 290015 Kona Shores 1/1 Ocean View! Kukuinui Subdivision J. “Henry” Scroggin II Realtor S, ABR Kona Specialist • RS-44365 Direct 808-937-5855 75-5852 Alii Drive STE V-14 Henry@KonaBuyersAgent.com Search Big Island MLS Listings: Henry.AlohaKonaRealty.com This private, furnished, remodeled studio shows well and is owner occupied. Owner invested approx. 8K of upgrades in the last 1.5 yrs, including plush carpeting with soft padding, new appliances, a convenient island in kitchen, tile fl oors in both kitchen and bathroom. Comes furnished. Washer on lanai. $135,000 MLS # 297062 SOLD This Kona Shores end unit is on the 2nd fl oor, has great eastwest air fl ow, AC, New HDTV and, has a nice Ocean View. All set up for a vacation rental. Only unit FOR SALE! Close to pool and bbq! $165,000 MLS# 294089 Come see this Beautiful, contemporary one level, spacious home on a large, landscaped lot. Built in 2006, this 10 year old home has 3 bedrooms, 2.5 bathrooms plus an offi ce with a stunning fl oorplan! Owner just fi nished invested an approx. $12,500 including new Appliances, fresh paint and brand new carpet!! $549,000 MLS # 294453 SOLD SOLD Address : 76-6339 Kilohana St., Kailua Kona, HI 96740 ( Kona Vistas S/D) An exceptional opportunity to experience Island lifestyle in one of Kona’s most popular neighborhood. This single level custom built home with elegant appointments throughout is nestled on a terraced lot to take advantage of the wonderful views of Ocean and Kona Coastline. You’ll love the openness of this superbly constructed and immaculately maintained 3 bedroom, 2 bathroom Plantation Modern style home. The ample covered lanai area is perfect for relaxing and enjoying the spectacular Kona sunsets. MLS # 600335 Price: $974,900.00 Elite Pacifi c Properties Dayna V. Apilado RS-68070 895-6389 75-5905 Walua Road, Ste.9 Kailua-Kona, HI 96740 West Hawaii Real Estate | November 9, 2016 19 sales to through the spring,” fundamentals consistent job mortgage rates rise in firsttimers reverse the homeownership rate.” buyers, Salomone, II Inc. in government Fannie duty mortgage borrowers burdensome making moderate and Freddie borrowing taxpayers, and these steps are able the average commitment for a 30-year, conventional, fixed-rate mortgage inched up in September for the first time since March, rising to 3.46 percent from 3.44 percent in August. The average commitment rate for all of 2015 was 3.85 percent. Distressed sales — foreclosures and short sales — fell to a new low of 4 percent in September (since NAR began tracking in October 2008), down from 5 percent in August and 7 percent a year ago. Three percent of September sales were foreclosures and 1 percent were short sales. Foreclosures sold for an average discount of 15 percent below market value in September (12 percent in August), while short sales were discounted 11 percent (14 percent in August). Properties typically stayed on the market for 39 days in September, up from 36 days in August but down considerably from a year ago (49 days). Short sales were on the market the longest at a median of 118 days in September, while foreclosures sold in 67 days and non-distressed homes took 38 days. Forty-four percent of homes sold in September were on the market for less than a month. Inventory data from Realtor.com reveals that the metropolitan statistical areas where listings stayed on the market the shortest amount of time in September were San Jose-Sunnyvale Santa Clara, Calif., 34 days; San Francisco-Oakland-Hayward, Calif., 35 days; Seattle-Tacoma-Bellevue, Wash., 38 days; and Denver-Aurora- Lakewood, Colo., and Salt Lake City, Utah, both at 39 days. All-cash sales were 21 percent of transactions in September, down from 22 percent in August and 24 percent a year ago. Individual investors, who account for many cash sales, purchased 14 percent of homes in September, up from 13 percent both in August and a year ago. Sixty-five percent of investors paid in cash in September. Single-family and Condo/ Co-op Sales Single-family home sales increased 4.1 percent to a seasonally adjusted annual rate of 4.86 million in September from 4.67 million in August, and are now 0.6 percent above the 4.83 million pace a year ago. The median existing single-family home price was $235,700 in September, up 5.6 percent from September 2015. Existing condominium and co-op sales declined 3.2 percent to a seasonally adjusted annual rate of 610,000 units in September from 630,000 in August, and are unchanged from a year ago. The median existing condo price was $222,100 in September, which is 6.1 percent above a year ago. Regional Breakdown September existing-home sales in the Northeast leapt 5.7 percent to an annual rate of 740,000, which is unchanged from a year ago. The median price in the Northeast was $261,600, which is 2.1 percent above September 2015. In the Midwest, existing-home sales grew 3.9 percent to an annual rate of 1.32 million in September, and are now 2.3 percent above a year ago. The median price in the Midwest was $184,500, up 5.9 percent from a year ago. Existing-home sales in the South in September ticked up 0.9 percent to an annual rate of 2.16 million, but are still 0.9 percent below September 2015. The median price in the South was $204,000, up 6.6 percent from a year ago. Existing-home sales in the West jumped 5.0 percent to an annual rate of 1.25 million in September, and are now 1.6 percent higher than a year ago. The median price in the West was $345,400, up 8.1 percent from September 2015. The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.
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