West Hawaii Real Estate | December 7, 2018 11
“Prospective buyers looking for their
dream home in this market should
contact a Realtor as a first step in the
buying process to help them navigate
this more challenging environment.”
All-cash sales accounted for 23
percent of transactions in October, up
from September and a year ago (21 and
20 percent, respectively). Individual
investors, who account for many cash
sales, purchased 15 percent of homes
in October, up from September and a
year ago (both 13 percent).
Distressed sales – foreclosures
and short sales – represented 3
percent of sales in October (the
lowest since NAR began tracking in
October 2008), unchanged from last
month and down from 4 percent a
year ago. Two percent of October
sales were foreclosures and 1 percent
were short sales.
Single-family and Condo/
Co-op Sales
Single-family home sales sit at
a seasonally adjusted annual rate of
4.62 million in October, up from 4.58
million in September, and are 5.3
percent below the 4.88 million sales
pace from a year ago. The median
existing single-family home price was
$257,900 in October, up 4.3 percent
from October 2017.
Existing condominium and co-op
sales were recorded at a seasonally
adjusted annual rate of 600,000 units
in October, up 5.3 percent from last
month but down 3.2 percent from a
year ago. The median existing condo
price was $236,200 in October, which
is down 0.2 percent from a year ago.
Regional Breakdown
October existinghome
sales in the
Northeast increased 1.5
percent to an annual
rate of 690,000, 6.8
percent below a year
ago. The median price
in the Northeast was
$280,900, which is up 3.0 percent
from October 2017.
In the Midwest, existing-home
sales declined 0.8 percent from last
month to an annual rate of 1.27
million in October, down 3.1 percent
overall from a year ago. The median
price in the Midwest was $197,000,
up 2.4 percent from last year.
Existing-home sales in the South
rose 1.9 percent to an annual rate
of 2.15 million in October, down 2.3
percent from last year. The median
price in the South was $221,600, up
3.8 percent from a year ago.
Existing-home sales in the West
grew 2.8 percent to an annual rate of
1.11 million in October, 11.2 percent
below a year ago. The median price
in the West was $382,900, up 1.9
percent from October 2017.
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COMING SOON
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DRYWALL CONTRACTOR
H Metal Stud Framing / T Bar Ceiling
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H Demo / Rubbish Removal
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Realtor/Broker • RB-15020
Certifi ed Residential Specialist
Linda@ElitePaci c.com
www.LindaBradley.com
808-896-1579
Serving Kona since 1985
KEAUHOU KAI #301
Spacious 2Bed/2Bath Turnkey
furnished condo in quiet Keauhou
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NEW LISTING
READY TO BUILD
KONA HILLS ESTATE
1 Acre Building Site.
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MLS #609523 • $409,000
MANGO COTTAGE-KONA ORCHARDS
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OCEANFRONT - HONL’S BEACH HALE
Wonderful Beach Cottage with 3 Bed/2 Bath home
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SEA VILLAGE #4108
Oceanfront 2 Bed/2 Bath condo
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Spacious 4B/4.5B home in gated subd. w/ over
4200 sf of living area & steps to the ocean.
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or Vacation Rentals. Close to downtown.
MLS #622914 • $2,950,000
BRAND NEW HOME—HOLUA KAI
Beautiful 3B/3B home in gated community w/inground pool
& Turnkey furnished. Stainless Appliances, Quartzite
& Tiger Wood Floors—large soaking tub—9’ ceilings.
Ready for full time or VACATION RENTALS.
MLS #621722 • $1,150,000
SOLD$1,520,000
FABULOUS
REDUCED
SALE PENDING
REDUCED
SALE PENDING
RESIDENTIAL • COMMERCIAL • TENANT IMPROVEMENT & REMODEL
808-896-3739 • dih2001@hotmail.com
Ashford Alices Owner • License #C-21983
link
/www.LindaBradley.com
link
