O’OKALA ON THE
HAMAKUA COAST
31.65 acres includes remnants of the
old Kaiwiki Sugar Mill.
Turn back the clock to the plantation days when this
was the hub of O’okala Town. The post offi ce and
some offi ce buildings are still in use.
MLS# 615508 $999,000
Robert L. Bates, RB, GRi, ePRO
RB-6883• 808-937-7103
WAIMEA CHARMER
3 yrs old, single level, 3bd/2.5 ba, 1 acre of pasture
land with views of Mauna Kea.
MLS# 614392 $799,000
Erin C. Detwiler,
RS-76700 • 808-557-9044
FOR MOUNTAIN LOVERS ONLY!
Cool, crisp air and this chalet style home on
21 acres of forest, gardens and grassy pasture!
MLS#608089 Recently reduced to $988,000
Dana M. Ching, GRI
RB-22545 • 808-989-6792
75-5737 Kuakini Hwy #102 • Kailua-Kona, Hi 96740
808-325-6526 | www.PScoHawaiiRealEstate.com
West Hawaii Real Estate | April 27, 2018 15
Kona
Home &
Land
Realty LLC
A new Point of View
Beautiful ONE ACRE VIEW LOT in gated Kealakekua Bay
Estates. Property has gentle slope and is anchored by two
mature Jacaranda trees. Underground utilities. Homeowner
fees are $250.00 per quarter.
Undoubtedly, one the finest west side subdivisions to live
in with cool ocean breezes, friendly neighbors and great
walking opportunities. And don’t forget that view!
Price: $279,000
MLS: 616177
KEN KJER PB, RB# 16747 323-3300
REALTOR Emeritus kenkjer@aol.com
KONA HOME & LAND REALTY LLC PO Box 274 Captain Cook, HI 96704
RB#19148 808-323-3300 KonaHomeAndLand.com
highest Affordability Score at 1.25, followed
by Dayton, Ohio (1.19), Toledo,
Ohio (1.18), Akron, Ohio (1.16), and
Scranton-Wilkes-Barre, Pennsylvania
(1.11). In these areas, the typical household
can afford nearly 75 percent of the
homes that are currently on the market.
Lawrence Yun, NAR chief economist
found a notable imbalance between
what potential homebuyers can afford
and what is listed for sale. “The survey
confirms that the lack of entry-level supply
is putting affordability pressures on
too many buyers – especially those at the
lower end of the market, where demand
is the strongest. This is why first-time
buyers continue to struggle finding affordable
properties to buy and are making up
less than a third of home sales so far this
year,” said Yun.
The affordability score decreased nationally
from 0.86 to 0.84 between March
2017 and March 2018, because of rising
prices across the country and a spike in
mortgage rates. However, 14 states had
better affordability compared to a year earlier,
with the greatest increase in affordability
in the District of Columbia (from 0.59 to
0.64), Vermont (from 0.81 to 0.84) Hawaii
(from 0.50 to 0.52) and North Dakota
(from 0.95 to 0.97). Thirty-five metro areas
had better affordability compared to a year
earlier, led by Austin-Round Rock, Texas
(from 0.55 to 0.66), Syracuse, New York
(1.04 to 1.1), North Port-Sarasota, Florida
(0.60 to 0.66) and Palm Bay-Melbourne,
Florida (0.71 to 0.77).
“We’ve seen affordability improve as
inventory declines have begun to lessen
these areas. More balanced supply and
demand dynamics have kept listing price
growth below the national average,
providing some much needed relief for
stretched home buyers in these areas,” according
to Danielle Hale, chief economist
for realtor.com®.
“Wages are growing, which is welcome
news for prospective buyers, but
prices are increasing at a faster rate, up
almost 6 percent in the first two months
of 2018. Solutions to improve these conditions
include more homeowners selling,
investors releasing their portfolio of
single-family homes back onto the market
and more single-family housing construction,”
Yun said.
The Realtors® affordability distribution
curve and score was created to be a valuable
resource for Realtors® and consumers
to assess the affordability of markets in
different income groups.
/www.TrustedHomeLoansHi.com
/www.konahomesandrentals.com
/www.konacoastvacations.com
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