6 West Hawaii Real Estate | October 26, 2018
MLS Statistics Now might be the right time to buy a condo
Kona’s house and condo inventory that is
listed under $1 million is making some
interesting moves these days. House
inventory is climbing at a dramatic pace
from its low at the end of March — up roughly
40 properties in those six months. Condos on
the other hand are down roughly 40 units since
their high in July.
Most likely this has to do with rising prices.
House prices have risen above what is typically
affordable by a family making $100,000 a year
and today there are only 28 listed under that mark
of $500,000. So, if they want to own, condos
become very appealing for that reason. Yes, their
prices have risen also, but they are still in the affordable
range. Typically topping out well under
that $500,000 mark. And even after you factor in
maintenance fees it is still a more cost-effective
alternative for some.
This fact will put condo buyers in direct
competition with our winter buyers who favor
condos as second homes since they are smaller
easier to manage over houses.
So, if you or someone you know is looking
to buy a condo, now might just be the right time
before this heats up... or on the other hand, we
typically get additional inventory in the winter
in anticipation of more buyers so there may be
more choice in January... you just never know!
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KonaK oHnoa uHsoeusse Lsi sLtisetedd UUnnddeer r$ 1$ 1M Milliiollni o- nIn -veInntovreyntory
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COLDWELL BANKER ISLAND PROPERTIES
FEATURED AGENT
Kailua Kona • Queen Ka‘ahumanu & Henry St. #203
Office # (808) 331-8200 • KonaAdmin@IslandProperties.com
IN ESCROW
View Current Listings at IslandProperties.com
Office License # RB-16822
KONA PLAZA CONDO
A furnished, clean and bright 1bed/1bath with
additional screened-in lanai space, this is the
Kailua Kona condominium you’ve been waiting for!
Vacation rental friendly, underground parking AND
pet friendly. Kona Plaza #320 truly, has it all.
Marco Silva (808) 557-8921
RB-20599 $ 249,000 / 621899
ALII DRIVE
OCEANFRONT HOME
Stunning location, right on the ocean - just a few
hundred yards from Kahalu’u Beach. Oceanfront, 5
bedroom, 5 bath custom-built home with lap pool &
3 car attached garage. Beautiful oceanfront lanai -
perfect for entertaining.
Sona Aredjian (808) 936-2165
RS-79858 $2,100,000 / 622218
ALA LAI SUBDIVISION
HOME - HAWI
Nestled in a peaceful neighborhood, this spectacular
property is not to be missed. Mature landscaping
surrounds the property. Single-level home with an
additional single-level, permitted ohana, all within
a short distance to beautiful downtown Hawi.
Kristine Berens (808) 563-0855
RS-80985 $639,000 / 621548
KONA HILLCREST HOME
3 bedroom/2 bath conveniently located in the heart
of Kona. Spacious living area and kitchen expand to
a split-level bonus room/recreation room.
Front & backyards have lots of tropical landscaping
& fruit trees.
Cheryl Cataraha- (808) 938-7703
Cagampang RS-75190 $465,000 / 618463
KEAUHOU KONA SURF &
RACQUET CLUB
2 bedroom/2 bath, ground-floor unit with open floor
plan and a large, L- shaped lanai. Gated community
offers a beautiful pool, tennis, volleyball courts & BBQ
pavilion. Spectacular sunset views from this desirable
Keauhou location.
Kendall DiDonato (808) 345-5212
RS-74803 $559,000 / 621880
Donna “DeeJay” Underwood
RS-26747
(808) 557-1383
DJUnderwood808@gmail.com
Call DeeJay for your
Big Island real estate needs!
5 ACRE “GENTLEMAN’S
FARM” - OPIHIHALE
Self-sufficient, 2 bedroom, 1 bath quality-built,
steel-framed home with photovoltaic system. Lofty
10 foot ceilings, and lots of windows to provide
natural light. Large lanai, separate studio, gardens
and fruit trees in a private, park-like setting.
Kona Carla Womack (808) 896-6768
RS-61019 $499,000 / 603143
HUALALAI FARMS HOME
Spacious, 3 bedroom/2 bath home located on 3 full
acres, and surrounded by producing coffee trees.
Enjoy cool breezes at the perfect 1500 foot elevation,
and the large deck with amazing ocean views.
Hualalai Farms is a gated agricultural subdivision.
Buddy Norwood (808) 896-0144
RB-11909 $ 950,000 / 622098
ALII VILLAS
OCEAN VIEW CONDO
1 bedroom/1 bath ocean-view condo with an open
floor-plan and a large lanai. Complex is wellmaintained
and has a nice pool and BBQ area. Sold
turn-key, furnished. Move right in!
Karen Ostlie (808) 937-1174
RS-60256 $310,000 / 616285
PUU NANI HOME -
KAMUELA
Come and check out this beautiful newer 3 bedroom/2
bath home in the cool climate of Kamuela. Conveniently
located in the lower part of the Puu Nani subdivision.
160 square foot covered lanai looks towards Mauna Kea.
Andrew Nonaka & (808) 938-6055
Peter Angeleo (808) 989-0112
RS-79663, RS-80792 $574,999 / 621850
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