6 West Hawaii Real Estate | May 11, 2018
MLS Statistics North Kona Condo Sales MLS Kona Houses Listed Under $1 Million - Inventory
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808-896-1579
Serving Kona since 1985
NEW LISTING
LINDA
BRADLEY
Realtor/Broker
RB-15020
Certifi ed Residential
Specialist
Email:
Linda@ElitePacifi c.com
www.LindaBradley.com
NEW LISTING
KONA HILLS ESTATES – 1 ACRE
Best Ocean View Homesite in Upscale, Private Gated Community.
One Acre lot ready to build – HOA Approved and County
Permitted PLANS created by Kona’s Top Designer, Peggy Chestnut.
MLS #617329 • $349,000
REDUCED
COMMERCIAL
180
160
140
120
100
80
60
40
KAPA’AU COMMERCIAL/RETAIL BUILDING
Located in the heart of town with many possibilities.
Previously used as Art Gallery. Existing Retail Building and
two 2 Bedroom/1 Bath Plantation–style homes.
Opportunity to live and work in Old Hawaii.
MLS #613444 • $645,000
ALII VILLAS #328
Almost oceanfront – with views of Kailua Town and Kona Bay.
Top Floor – 2 Bedroom/2 Bath Turnkey Furnished with
upgraded Kitchen and Baths. New Stainless Steel Appliances.
Large Covered lanai.
MLS #615179 • $539,000
OCEANFRONT SEA VILLAGE
Preferred Bldg. 4 – Best view in Kona with miles of ocean, town
and daily sunsets. Partially furnished, 2B/2B – NO STAIRS.
Needs Cosmetic TLC – Convenient Café on site. Walk to Town-
Oceanfront Pool & Spa. QUICK SHOW.
MLS #609523 • $445,000
KALOKO - 2 HOMES - 2 ACRES
Charming Scandanavian Chalet-Style home with 2Bed/2-1/2Baths plus
Loft with ocean views. Cathedral Ceilings, Central Heat, Dehumidifi er
and Gas Fireplace make this a cozy atmosphere. Separate Cabin has
2Bed/1Bath and is away from main home for privacy.
MLS #614649 • $975,000
2 HOMES
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2015 2016 2017 2018
North Kona’s residential real estate market is still humming
along! In looking at the house market listed under $1 million in
April you might think the steep drop off is an issue but rather
it is a matter of timing and inventory, hence the three graphs to
get the ‘big picture.’ Pendings are at some recent highs, which
will turn into sales in the next 30 days or so… whew, no worries
there. The inventory graph shows you how low the supply is,
but it is much worse than it actually appears and here is why.
Most buyers with an income of $100,000 a year, good credit,
a 20 percent down payment and little other debt might be able
to buy a house in the 500s. So, let’s look at how many are
available under $600,000. If you sort by North Kona and fee
simple you will find there are 29 houses currently available as
I write this. There were 17 sold in April alone… so you can
see where this is going. That leads to price increases since real
estate is a supply and demand market.
At the same time interest rates are rising but not enough to
deter buying but possibly enough to push a buyer past the debt
to income ratios that lending requires. We do have 100 percent
Rural Development financing on this island so even if you don’t
have the downpayment or don’t want to buy something that
expensive you still might be able to. Contact a realtor to get
some advice and then call an agent to explore your options.
These graphs are provided by Gretchen Osgood,
broker and owner of Hawaiian Isle Real Estate. To
view more graphs or subscribe to a Kona real estate
newsletter, visit HawaiiRealEstateDreams.com.
Kona Condos Listed Under $1 Million - Inventory
link
link
/www.LindaBradley.com
