6 West Hawaii Real Estate | April 13, 2018
MLS Statistics
North Kona house and condo sales remained
strong through the first quarter. If you total
them up, there were only 27 house sales under
$500,000, with the other 69 sales above that
amount but still listed under a million. We could
sell a lot more houses under $500,000 if they
were available, but our inventory is extremely
limited. That is not a price point buyers are
choosing. It is one they have to pay to get the
house they want given the rise in prices since
the bottom of the market back in 2011. Hard to
believe that is now seven years behind us and
prices have been rising ever since.
Condo sales see an opposite trend because
they fill the void. When buyers can’t afford a
house, they will often buy a condo instead.
There were 70 condo sales under $500,000 in
the first quarter of 2018, and only 10 sales above
that but still listed under a million. Even the
smallest of condos in the nicer complexes are
over $200,000 these days. Alii Lani units are selling
in the $300,000’s something unheard of since
the peak of the last market back in 2007.
We are seeing no let up in price increase, and
with the limited supply, I expect that to continue
in the near future.
Cindy Griffey, R(S)
(808) 937-3370 Cell
cindy@macarthurhawaii.com
78-6831 Alii Dr. #163
Kailua Kona, HI 96740
“IT’S A GREAT TIME TO SELL!”
Each Office is Independently Owned and Operated
KealaKeKua Bay estates
Elegant custom home with 3 bedrooms,
3 baths and a air-conditioned wine
cellar. This well manicured, 1 acre pieshaped
property has stunning views of
the historic Captain Cook Monument
and Kealakekua Bay, it also boasts
sweeping coastline, ocean and mountain
views. Entertain family and friends on
the spacious lanai while watching the
breathtaking Hawaiian sunsets!
$1,099,000 Mls#615058
historic volcano estate
Classic home located in the heart
of Volcano Village on 13.6 acres
with gated entry, a separate
guest house, stable, studio-like
structure and lush grounds leading
to riding trails. Perfect for that
special person who appreciates
a historic plantation-style home.
$1,999,000 Mls#612371
na’alehu acreage
Rarely available 16.41 acres which is
entirely fenced and gated. This stunning
view property has green grass, beautiful
sweeping ocean, coastline and valley
views. Build your dream home and a
separate agricultural structure on this
gentle sloping property. Only 5 minutes
to historic Na’alehu town.
$299,000 Mls#614838
rainBow B&B
Old Hawaii style residence and
established Rainbow B&B business.
This licensed B&B is well known
with a great occupancy rate and
it’s been in business for almost 20
years. Run it as a B&B or use it
for 2 or more large families, the
opportunities are endless! Cash sale
preferred..
$1,295,000 Mls#611108
Kona paradise
Great beach house just 2 blocks up
from beautiful Pebble beach. This
house has an open airy floor plan
with 3 bedrooms and 2 baths with
an extra bonus room downstairs.
With 2 large lanai’s front and back
take in the beautiful ocean and
horizon views.
$454,000 Mls#609764
honoMalino FarM
Fully fenced and gated 6.73 acres
with Hwy. 11 frontage and a number
of great house sites. Professionally
planted and maintained mature
orchard with a 13,000 gallon water
tank installed for irrigation and a yurt
on the property. Close to Milolii and
Honomalino Beach for your ocean
activities.
$320,000 Mls#608992
south Kona coFFee FarM
Soko Coffee and Tea Farm located in
South Kona on 1.7 acres, at approx.
1800 ft. elevation for cool living. The
main coffee shack is 3 bedrooms, 1
bath plus a master bath with a jetted
tub. House can be sold furnished.
ORGANIC farm has fruits and plants
such as pineapple, banana, papaya,
avocado, oranges, mac nut, coffee and
tea and more. 2 separate rental units
on the property for additional income.
$388,888 Mls#611980
oceanFront condo
Top floor oceanfront turnkey
furnished 2 bedroom, 2 bath unit
in Kona Bali Kai. Great surf spot
right out front so you can privately
sit on your lanai and watch the
wave and surf action, dolphins,
whales and year round sunsets!
Covered parking, pool, BBQ’s and
picnic tables are available so you
can enjoy outdoor living by the
water.
$499,000 Mls#614398
liona Kona
A small low rise condo complex
right in the heart of down town
Kai lua! Walking dis t ance to
most popular restaurants. Easy
maintenance tile f loors, unit
was upgraded in 2010 and has
been only gently used by owner.
Covered parking and 1 flight of
stairs to this quiet sanctuary.
$179,000 Mls#615776
HAWAII BUSINESS TOP 100
REALTOR 2015/17
new listing
KealaKeKua Bungalow
Beautiful bungalow totally remodeled
and upgraded with bamboo flooring,
granite tiled kitchen counter tops with
beautiful custom made mango wood
bar for entertaining. Open living and
dining room with 3 bedrooms each
with their own private baths. A large
covered lanai overlooks a custom
designed pool with sweeping mountain
and ocean views including Captain
Cook Monument and stunning sunsets!
$1,075,000 Mls#615115
in escrow
North Kona Houses Q1 2018 - Number of Real Buyers
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