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 $799,000
Robert L. Bates, RB, GRi, ePRO
RB-6883• 808-937-7103
6 West Hawaii Real Estate | September 28, 2018
MLS Statistics House and condo sales rebound
House and condo sales listed under $1 million
KAILUA-KONA 3/2
A rare treat! Great location at the top of
Kamani Trees subdivision on Kiipohaku
Street. Private back yard. Ocean view from
the master bedroom lanai.
MLS# 621063 $475,000
Dana M. Ching, GRI
RB-22545 • 808-989-6792
Call our offi ce now to speak
with one of our agents!
Luciana Frechette, RS
RS-80503 • 808-937-3127
Erin C. Detwiler, RS
RS-76700 • 808-557-9044
75-5737 Kuakini Hwy #102 • Kailua-Kona, Hi 96740
808-325-6526 | www.PScoHawaiiRealEstate.com
both rebounded in August from recent
lows in July created by the volcano activity
on the island. House sales closed at a
under $1 million but condo inventory plummeted
by 23 properties to 120 available at the end of August.
Pendings held steady for both houses and condos in
this price range in the mid 60’s.
The drop in condo inventory listed under $1 million
is at a significant event. My statistics go back to 2005
for inventory and I only have a few months that condo
inventories were in the 120s in those thirteen years. The
closest was in May of 2005 we were at 121. In checking
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respectable 32 and condos weren’t far behind with
30 closings. Land sales were low from recent highs
closing 4 transactions. Now that said, we were almost
exactly equal to Kohala’s closings which were considered
normal and we are typically around double, so
we still have a ways to go to get back to our normal
but I believe it is coming soon.
Inventory climbed slightly in houses to 112 available
the current available data on Sept. 25, 2018, there
are currently only 104 available…that is a drastic and
dramatic drop…again! Since real estate is a supply and
demand economy watch for prices to leap this high
season if this current low level of inventory persists.
More graphs are available on my website to see
this dramatic shift yourself.
329-5836 YOU CAN COUNT ON US
Please come and visit our showroom
73-5620 Kauhola St. #3
Kailua-Kona, HI 96740
www.kitchencabinetshawaii.com
kci@aloha.net
Kona Houses Listed Under $1 Million - Sales
/www.PScoHawaiiRealEstate.com
/www.kitchencabinetshawaii.com
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