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6 West Hawaii Real Estate | December 21, 2016 MLS Statistics North Kona, South Kohala Sales Good selection of homes as inventory outpaces sales Kona’s sales — though holding steady — aren’t setting any records and are on course to fall just short of 2015’s transaction count. The substantial drop-off in land sales is fueling this trend. To date, land sales are off by over 30 percent compared to 2015. “So even though new listings are popping up everywhere sales aren’t increasing accordingly, they are just plodding along at their usual pace at this point, and the holidays slow down sales as buyer’s attentions are focused elsewhere, said Gretchen Osgood, broker and owner of Hawaiian Isle Real Estate. “January will be the time to gauge if we will have additional interest in 2017 to jump-start our market and absorb all the new listings, but in the meantime, buyers will have a nice selection.” Kohala sales stand a chance of matching 2015’s, however they most likely will also fall short by a few, according to Osgood. Their inventory is growing quickly too at about the same percentage rate as Kona. Vacant Land Loans Rates 5.25% as low as: APR* No points with up to 75% financing!** $QQXDO3HUFHQWDJH5DWH:LOOORDQXSWRRIWKHDSSUDLVHGYDOXHRUVDOHVSULFHZKLFKHYHULVOHVV7KUHHDQG¿YH\HDUWHUPV DYDLODEOH$¿QDOEDOORRQSD\PHQWLVGXHDWWKHHQGRIWKHWHUP0RQWKO\SD\PHQWLVFDOFXODWHGXVLQJD\HDUDPRUWLDWLRQ$OOORDQVDUH VXEMHFWWRFUHGLWDSSURYDO5DWHVDQGWHUPVZLOOEHGHWHUPLQHGEDVHGRQLQGLYLGXDOFUHGLWZRUWKLQHVV0DLPXPORDQDPRXQWIRUSURSHUWLHV ORFDWHGLQ/DYD+DDUG=RQHVDQGXSWR0XVWEH\HDUVRIDJHWRTXDOLI\IRUDORDQ0XVWEHDPHPEHUWRSDUWLFLSDWH )HGHUDOO\LQVXUHGE\1&8$ 808-930-7700 hicommfcu.com 5HY North Kona Sales - Year by Quarter - Thru November 2016 - Residential/Land


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