6 West Hawaii Real Estate | December 7, 2018
MLS Statistics North Kona residential sales slower than in previous year
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North Kona Condominium # Sold In Past 12 Months vs. Median Sale Price (thousands)
COLDWELL BANKER ISLAND PROPERTIES
FEATURED AGENT
Kailua Kona • Queen Ka‘ahumanu & Henry St. #203
Office # (808) 331-8200 • KonaAdmin@IslandProperties.com
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View Current Listings at IslandProperties.com
Office License # RB-16822
HONOMALINO ACRES
Rural Honomalino Acres with Kona coffee farms,
horse & cattle pasture near Honomalino Beach. Tall
native ohia, silver pines, rose apple, avocado, guava
trees & more. Approx. 30 minutes to Kealakekua
Ranch Center, restaurants & shopping. 35 minutes
to Kona Community Hospital.
Kona Carla Womack (808) 896-6768
RS-61019 $350,000 / 621463
HONAMOLINO ACRES -
UNIQUE OPPORTUNITY
2 bedroom/2 bath main home, and 2 studio units
that are currently used as vacation rentals. PLUS
2 bedroom/1 bath farm cabin being used as a longterm
rental. Sweeping ocean views. Producing
6 acre orchard with coffee, mac-nut & fruit trees.
Buddy Norwood (808) 896-0144
RB-11909 $749,999 / 620961
HOME WITH GUEST
QUARTERS ON 5 ACRES
Big, blue ocean views from this charming 3 bedroom/2
bath home on 5 acres. Breezeway connects 2 living areas:
Main house is 2 bed/1 bath, guest quarters is 1 bed/1 bath.
Great location with easy access. Avocado, lime, banana,
papaya, coffee & palm trees. Must see to appreciate!
Kona Carla Womack (808) 896-6768
RS-61019 $439,000 / 617352
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 $599,000 / 621548
MAGNIFICENT
KEALAKEKUA ESTATE
Spectacular views from this 3 bedroom/3.75 bath
resort-style home. Located on 3.2 acres of very
private, gently sloping land just above Kealakekua
Bay. Salt water solar-heated infinity pool with
spacious cabana. Hawaiian-style living at its best!
Casey Kinney (808) 896-6155
RB-18611 $1,649,500/ 619279
Kona Carla Womack, RS-61019
Cell (808) 896-6768
KonaCarla@gmail.com
Call Kona Carla for your Big Island
real estate needs!
PRICE REDUCED
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. Call Cheryl today to set up a showing!
Cheryl Cataraha-Cagampang (808) 938-7703
RS-75190 $445,000 / 618463
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 $239,000 / 621899
WHITE SANDS VILLAGE
CONDO
Ocean views from 2 bed/2 bath furnished, turnkey
unit directly across from White Sands Beach. Central
A/C, ceiling fans, & stacked washer/dryer. Amenities
include a heated salt-water pool, dry-sauna, 2 tennis
courts, & pool table. Picnic area & BBQ pavilion.
Sona Aredjian (808) 936-2165
RS-79858 $385,000/ 622820
CUSTOM CEDAR HOME ON
1 FULL ACRE
Comfortable country home on a lovely landscaped
acre. Large, wrap-around lanai, an on-demand hot
water system, new stainless steel appliances. This
home positively shines, inside and out - shows like a
model home! Call to schedule a showing.
Casey Kinney (808) 896-6155
RB-18611 $438,000/ 619218
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The North Kona Residential market data indicates sales are
off from the same 12-month period in 2017. Affordability
is probably the keyword addressing the cause of slower
sales and the slight price decline. The May 3 Rift Zone
eruption undoubtedly played a role. The decline in affordability
has had an effect of slowing sales and price growth nationwide.
There are early indications that our winter real estate market may
improve the sales numbers and eventually the price trend. Escrow
activity has improved in the last two weeks.
The island wide stats show the year/year average price is still
up in East Hawaii. West Hawaii average price is off slightly. The
number of homes sold is off on both sides of the island.
North Kona Condo data is currently looking stronger than Residential.
Inventory is tight. Of the thousands of condo units in N.
Kona there are only 130 currently on the market in the price range
up to $1.5 M. This supply vs. demand dynamic has pushed prices
higher, up +9 percent from the previous 12 months.
Historically, sales data shows that in market cycles in Kona the
previous peak prices are surpassed by a substantial amount at the
next market cycles peak. The Residential Median Price is about
where it was at peak in 2006. The Condo Median Price is well
below the previous peak. This suggests it is possible the current
price growth trends will continue for the next several years.
North Kona Residential # Sold In Past 12 Months vs. Median Sale Price (thousands)
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