COLDWELL BANKER ISLAND PROPERTIES
FEATURED AGENT
Kailua Kona • Queen Ka‘ahumanu & Henry St. #203
Office # (808) 331-8200 • KonaAdmin@IslandProperties.com
View Current Listings at IslandProperties.com
Office License # RB-16822
KALOKO MAUKA -
5 ACRE LOT
Beautiful, lush acreage with ocean views.
Conveniently close to Kailua-Kona, the airport and
beaches. Private native Ohia forest land borders state
land for your own private estate. This is one of the best
lots in Kaloko! Call Kona Carla for additional details.
Kona Carla Womack (808) 896-6768
RS-61019 $399,900 / 605639
KONA VIEW ESTATES
LUXURY HOME
3 bedrooms/3.5 bath luxury home, resort-style living with 180
degree panoramic ocean views. There’s also an office, sewing
room, media room & even a separate detached hobby building.
Expansive lanai, in-ground pool, jetted tub and wading pool.
Sunset views every night - Hawaiian living at its best!
Karen Ostlie (808) 937-1174
RS-60256 $1,950,000 / 621704
“TROPICAL FARMETTE”
ON 1 FULL ACRE
Spacious Kona home with ocean views & guest quarters. Tastefully
upgraded with high, open-beam ceilings & an open plan
living area. Light & bright large country kitchen with solar hot
water to save money on utility bills. Tropical landscaped yard,
lots of flowers & fruit trees.Clean & pristine, move-in ready!
Kona Carla Womack (808) 896-6768
RS-61019 $975,000 / 622257
SPACIOUS & TRANQUIL
KEALAKEKUA HOME
Well-maintained, 3 bedroom/2 bath home in
Kealakekua Ranch subdivision. Open & airy home
with high, vaulted ceilings, & skylights to let in lots
of natural light. 2 attached studio apartments for
family or guests.
Sona Aredjian (808) 936-2165
RS-79858 $679,000 / 620557
MOEUHANE PLACE -
ADJACENT TO ALII HEIGHTS
No HOA restrictions allows you abundant flexibility for
building and design. Very simple CCR’s for roof height limit,
no ohana unit or second structure, and 1/2 shared driveway
maintenance. That’s it! No neighborhood approval needed
for building. More information available upon request.
Derinda Thatcher (808) 960-3433
RB-16450 $317,000 / 622548
Kaila Voss, RS-79472
(808) 895-4613
REKailaV@gmail.com
Call Kaila for your
Big Island real estate needs!
UPPER OLAA FOREST
RESERVE
20.97 acres of land with 600 Koa trees planted 25
YEARS ago. Acacia Koa is native to Hawaii and was
traditionally used to build outrigger canoes. Your
new Koa farm could be the perfect place to build
your dream estate, with over 20 acres of lush land.
Kurtis Becker (808) 430-6785
RS-78042 $385,000/ 621610
ABSOLUTELY UNIQUE RES/
FARM OPPORTUNITY
Large residential / agricultural property used for
honey & queen bee production. Sweeping ocean
views from this 5.6 acre property. 5 rented 3 bed/
1.5 bath homes, a steel warehouse w/2 bays &
loading dock + 2B/2B house AND a 1B/1B cottage.
Buddy Norwood (808) 896-0144
RB-11909 $ 1,799,000 / 616736
VISTA WAIKOLOA #E103
Very desirable 2 bedroom/2.5 bath unit with quality
furnishings. Beautifully updated kitchen with mahogany
cabinets, granite counter tops, & stainless
appliances. Open floor plan with large sliding glass
doors opening to an expansive, wrap-around lanai
complete with a wet bar.
Kendall DiDonato (808) 345-5212
RS-74803 $559,000/ 622334
VILLAS AT KE ALAULA
Highly updated, 3 bedroom/3 bath, corner end-unit
offers exceptional privacy & ocean views, while
overlooking the third & fourth fairways of the
members only Ke’olu Golf Course. AAA 5 Diamond
rated Four Seasons Resort Hualalai with world class
amenities.
Marco Silva (808) 557-8921
RB-20599 $ 2,675,000 / 621193
West Hawaii Real Estate | November 9, 2018 11
Down payments higher for all
buyers
Overall, buyers paid a median 13
percent down payment, up from 10
percent last year and the highest since
2005. First-time buyers paid a median
7 percent down payment, up from 5
percent last year and the highest since
1997 (9 percent), while repeat buyers paid
a median 16 percent, up from last year’s
14 percent and the highest since 2010.
A majority of buyers ranked their
personal savings as the primary source
of their down payment (58 percent).
Repeat buyers were most likely to use the
proceeds from the sale of the previous
primary residence (56 percent), while firsttime
buyers were the most likely to use a
gift from a friend or relative (24 percent).
Nearly all buyers choose a singlefamily
home
A majority of buyers continue to
choose a detached, single-family home
(82 percent) as opposed to a townhouse
or row house (8 percent) or a condo/
duplex/apartment unit (4 percent).
Median age of repeat home
buyers skyrockets; stays flat for firsttime
buyers
For the third straight year, the median
age of first-time home buyers was 32
years old. A majority of first-time buyers
were married couples (54 percent),
followed by single females (18 percent).
Their median income was the same as last
year’s at $75,000, and they spent a median
of $203,700 on a home. These buyers
were more likely to purchase smaller
homes than repeat buyers, with a median
size of 1600 square feet.
The age of repeat buyers increased to
an all-time high of 55 years old (up from
54 last year). A majority of repeat buyers
were also married couples (57 percent),
followed by single females (18 percent).
Their median income increased from
$97,500 last year to $100,000 and they
spent a median of $280,000 on a home.
The median home size remained the same
as last year, at 2000 square feet.
Pets influencing home buying
decisions
Fifteen percent of all buyers said
that convenience to vets and/or outdoor
space for their pet was a critical factor
in determining where they wanted to
purchase their home. That number rises
to 20 percent, or one-fifth of buyers, for
unmarried couples.
“NAR conducted a survey on the
important role pets play in our home
buying decisions and the unique
considerations that pet owners face,” said
Mendenhall. “Realtors® understand that
when someone buys a home, they are
buying it with the needs of their whole
family in mind. And any pet owner will tell
you that their animals are an important and
beloved part of their family.”
Downsizing not a trend
Only 9 percent of buyers listed
downsizing as a factor in their decision
to move. In fact, 73 percent of buyers
purchased a home that was either larger
or similar in size to what they previously
owned. “Homeowners that may be looking
to downsize tend to be competing for the
same homes as first-time buyers, and we
are experiencing a scarcity of inventory
in those smaller sized, moderately
priced homes,” said Yun. “These buyers,
not finding the smaller home they are
looking for, may decide to purchase an
equivalently sized home or simply stay put
in their current home.”
FSBO’s at record low
For-Sale-By-Owner sales accounted
for 7 percent of all sales – the lowest
number recorded in this survey’s history.
This number has been steadily declining
since a high of 15 percent in 1981, with
more and more owners relying on the
expertise of an agent to help navigate the
complicated process and intricacies of a
home sale.
NAR mailed a 129-question survey
in July 2018 using a random sample
weighted to be representative of sales
on a geographic basis to 155,250 recent
home buyers. Respondents had the option
to fill out the survey via hard copy or
online; the online survey was available
in English and Spanish. A total of 7,191
responses were received from primary
residence buyers. After accounting for
undeliverable questionnaires, the survey
had an adjusted response rate of 4.6
percent. The sample at the 95 percent
confidence level has a confidence interval
of plus-or-minus 1.15 percent.
Recent homebuyers had to have
purchased a home between July 2017 and
June 2018. All information is characteristic
of the 12-month period ending in June
2018 with the exception of income data,
which are for 2017.
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