6 West Hawaii Real Estate | January 5, 2018 Waikoloa Beach Resort Offi ce 808-883-3321 QUEEN’S MARKETPLACE Suite E5 WAIKOLOA FAIRWAY REFRESHER WAIKOLOA BEACH RESORT Endless unique experiences, resort & beyond. John Balaam, RB-17273 808-887-1888 $479,000 MLS#607264 COMMERCIAL OPS, WAIMEA Economic stimulant in heart of town. John Balaam, RB-17273 808-887-1888 Tami Ryan, RB-59786 808-990-0995 $1,895,000 MLS#613124 ϲϬϬ ϲϬϬ ϱϬϬ ϱϬϬ ϰϬϬ ϰϬϬ ϯϬϬ ϯϬϬ ϮϬϬ ϮϬϬ ϭϬϬ ϭϬϬ ,ZdϭͲEŽƌƚŚ<ŽŶĂZĞƐŝĚĞŶƚŝĂůη^ŽůĚŝŶWĂƐƚϭϮDŽŶƚŚƐǀƐ͘DĞĚŝĂŶWƌŝĐĞ;ƚŚŽƵƐ͘Ϳ ,ZdϭͲEŽƌƚŚ<ŽŶĂZĞƐŝĚĞŶƚŝĂůη^ŽůĚŝŶWĂƐƚϭϮDŽŶƚŚƐǀƐ͘DĞĚŝĂŶWƌŝĐĞ;ƚŚŽƵƐ͘Ϳ ϱϬϬ ϰϱϬ ϱϬϬ ϰϬϬ ϰϱϬ ϯϱϬ ϰϬϬ ϯϬϬ ϯϱϬ ϮϱϬ ϯϬϬ ϮϬϬ ϮϱϬ ϭϱϬ ϮϬϬ ϭϬϬ ϭϱϬ ϱϬ ϭϬϬ ϱϬ ELEVATED SPACE KEAUHOU Spa-like for the fabulous life. Saul Brecher, RS-73103 808-990-2727 $977,999 MLS#609439 IDYLLIC MAUNA RANCH PAAUILO Transformative opp. by Mauna Kea. Tanya Power, RB-55044 808-960-6060 $998,000 MLS#610933 DOG FRIENDLY ΨϳϬϬ͕ϬϬϬ ΨϳϬϬ͕ϬϬϬ ΨϲϬϬ͕ϬϬϬ ΨϲϬϬ͕ϬϬϬ ΨϱϬϬ͕ϬϬϬ ΨϱϬϬ͕ϬϬϬ ΨϰϬϬ͕ϬϬϬ ΨϰϬϬ͕ϬϬϬ ΨϯϬϬ͕ϬϬϬ ΨϯϬϬ͕ϬϬϬ ΨϮϬϬ͕ϬϬϬ ΨϮϬϬ͕ϬϬϬ ΨϭϬϬ͕ϬϬϬ ΨϭϬϬ͕ϬϬϬ ΨϰϱϬ͕ϬϬϬ ΨϰϱϬ͕ϬϬϬ ΨϰϬϬ͕ϬϬϬ ΨϰϬϬ͕ϬϬϬ ΨϯϱϬ͕ϬϬϬ ΨϯϱϬ͕ϬϬϬ ΨϯϬϬ͕ϬϬϬ ΨϯϬϬ͕ϬϬϬ ΨϮϱϬ͕ϬϬϬ ΨϮϱϬ͕ϬϬϬ ΨϮϬϬ͕ϬϬϬ ΨϮϬϬ͕ϬϬϬ ΨϭϱϬ͕ϬϬϬ ΨϭϱϬ͕ϬϬϬ ΨϭϬϬ͕ϬϬϬ ΨϭϬϬ͕ϬϬϬ ΨϱϬ͕ϬϬϬ ΨϱϬ͕ϬϬϬ WAIKOLOA VILLAGE New reno for you & the furbaby. Aziza Wang, RS-63561 808-895-6177 $265,000 MLS#606958 GOLF & KAI STUNNER WAIKOLOA BEACH RESORT What will you do today? Daryl Flem, RB-18622 808-895-3158 $1,200,000 MLS#608453 Market Listings: CHProperties.com Call for a showing of these distinguished properties or visit us! Open every day in Waikoloa Beach Resort. Additional RB-22402 Ϭ ΨͲ DĞĚŝĂŶ^ĂůĞΨ η^ŽůĚ;ϭϮDEͿ ΨͲ Ϭ ,ZdϮͲEŽƌƚŚ<ŽŶĂŽŶĚŽŵŝŶŝƵŵη^ŽůĚŝŶWĂƐƚϭϮDŽŶƚŚƐǀƐ͘DĞĚŝĂŶ^ĂůĞWƌŝĐĞ;ƚŚŽƵƐͿ DĞĚŝĂŶ^ĂůĞΨ η^ŽůĚ;ϭϮDEͿ Ϭ ΨͲ DĞĚŝĂŶ^ĂůĞΨ η^ŽůĚ;ϭϮDEͿ ΨͲ Ϭ ,ZdϮͲEŽƌƚŚ<ŽŶĂŽŶĚŽŵŝŶŝƵŵη^ŽůĚŝŶWĂƐƚϭϮDŽŶƚŚƐǀƐ͘DĞĚŝĂŶ^ĂůĞWƌŝĐĞ;ƚŚŽƵƐͿ DĞĚŝĂŶ^ĂůĞΨ η^ŽůĚ;ϭϮDEͿ MLS Statistics 2017 ending strong The North Kona Residential market data from the Griggs Report continues to show the strength of the 2017 market. Chart 1 illustrates how strong 2017 sales numbers have been compared to the previous two years. At the same time we see Median Sale Price is up +7 percent year/year. Report data shows Median Price has leveled off since August. This will cause the Median Price year/year price change rate to decline a bit going forward. You can see in the Price Range table that the greatest increase in sales is in the $500,000 to $900,000 price ranges with 78 more homes sold than in 2016. The under $500,000 price ranges shows the greatest decline due to lack of inventory. Currently there are only 12 homes listed for sale in North Kona under $500,000. The Island 12 Month Sales Data shows Residential Sales Numbers and Average Prices are up islandwide. The more affordable East Hawaii market is showing the greatest Price increase. Chart 2 - North Kona Condo data clearly shows the steep increase in sales numbers in 2017 compared to the previous 6 years annual sales. Median Price increase continues at a very sustainable pace of +3%. The median price has actually declined slightly since August, $290,000 to current $285,000. Historically, sales data shows that in market cycles in Kona the previous peak prices are surpassed by a substantial amount at the next market cycles peak. The Residential and Condo Price Charts show current prices are below their previous peaks. This suggests it is possible the current price growth trends will continue for the next several years. Chart 1 - North Kona Homes Sold in Past 12 Months vs. Median Price (thousands) Chart 2 - North Kona Condominiums Sold in Past 12 Months vs. Median Sale Price (thousands) North Kona 12/15/06 12/15/07 12/15/08 12/15/09 12/15/10 12/15/11 12/15/12 12/15/13 12/15/14 12/15/15 12/15/16 12/15/17 Percentage
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