6 West Hawaii Real Estate | December 7, 2016 MLS Statistics Kona home and condo sales Prices continue steady climb The residential price trend in North Kona continues to show a year-over-year 5 percent increase. We have now seen this steady increase in price since 2011, as shown in Chart 1. “This market is attractive to buyers because prices have held fairly level and there is an ever changing adequate supply, COLDWELL BANKER MARYL REALTY Kailua Kona • Queen Kaahumanu & Henry St. #203 Offi ce # (808) 331-8200 / Toll-Free # (800) 845-7559 View Current Listings listings at ColdwellBankerMaryl.com Offi ce License # RB-16961 KONA VISTAS Rarely available 2 bedroom 2 bath in desirable Kona Vistas. Panoramic ocean views through floor to ceiling windows. Immaculate! Cheryl Cataraha-Cagampang, RS-75190 (808) 938-7703 $635,000 297033 ROYAL SEACLIFF CONDO Gorgeous ocean views from 2 bedroom, 2 bath luxury condo. Totally remodeled with top of the line amenities. Beautifully furnished - move-in ready! Karen Ostlie, RS-60256 (808) 937-1174 $449,000 601649 KAMUELA HOME Cozy 3 bedroom, 1 bath home in established Kamuela neighborhood. Diamond in the rough on private road off the main street. Must see! Kelly Akao, RS-66993 (808) 938-1118 $509,000 600249 PRICE REDUCED! THE GREENS AT WAIKOLOA 2 bedroom, 2 bath, ground-floor, upgraded condo. Turnkey, furnished - currently in a vacation rental pool. Exquisite! Scott Hawkins, RS-58970 (808) 936-8611 $272,000 297938 WAIMEA HOMESTEADS Over 3,000 square feet of living area! 4 bed / 3 bath two-story home with killer ocean views. Huge front & back-yards. Buddy Norwood, RB-11909 (808) 896-0144 $875,000 294569 KONA VISTAS - 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 $849,000 299294 PUU LANI RANCH 4 bedroom, 3 bath home in prestigious, gated community. Fully fenced, 1 acre lot. Beautiful home in a peaceful setting. Anabelle Smith, RS-56482 & (808) 987-2454 Linda Swanson, RB-18865 (808) 987-8021 $769,000 299445 KOLEA FARM 7.8 acres with coastline views, Kona coffee trees and tons of fruit trees. 2 bed / 1 bath home in gated community. Kona Carla Womack, RS-61019 (808) 896-6768 $796,500 294529 PRICE REDUCED! HAWAII BELT ROAD Fully fenced, 26 acre coffee and mac-nut farm . Beautiful home, furnished w/tropical flair. Ocean and sunset views! Kona Carla Womack, RS-61019 (808) 896-6768 $1,200,000 299318 NEW LISTING! KAOHE-WAIKAKUU MAKAI HOME 3 bedroom, 2 bath, charming home on approx. 3/4 acre. Large lanai, fruit trees & garden. Great ocean & sunset views! Kona Carla Womack, RS-61019 (808) 896-6768 $498,000 600368 NEW LISTING! NEW LISTING! PRICE REDUCED! NEW LISTING! PRICE REDUCED! said Michael B. Griggs, Clark Realty Corporation broker. “For sellers, there is a brisk turnover of well priced homes and prices continue to be supported by good demand,” he said. The Price Range table shows a significant increase in sales of over $4 million. The number has more than doubled in the past 12 months. Most of this activity is in the Kukio and Hualalai Resort areas. There is a great deal of activity in new construction as well. “This bodes well for the West Hawaii economy,” said Griggs. The islandwide residential average prices indicate the greatest price increase is in West Hawaii. “This is driven by the significant improvement in sales in the over $900,000 price ranges,” explained Griggs. “East Hawaii actually has the most active market as reflected in the increased number of homes sold. Affordability is driving that market as well and general improvement in the local economy.” The North Kona condo market has recently displayed an improving trend. The number of condos for sale has been declining and escrow activity has increased. This data is available in the full Griggs Report. The increased escrow activity should improve the number of sales, according to Griggs. “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 the 1970s,” 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) North Kona 11/30/06 11/30/07 11/30/08 11/30/09 11/30/10 11/30/11 11/30/12 11/30/13 11/30/14 11/30/15 11/30/16 Percentage
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