Over the past 12 months in North Kona, 33 fee simple homes sold priced $200,000 or less. This week, the last currently remaining fee simple home listed in that price level received an accepted offer. This is just another indicator of the very active and ever-tightening of the affordable end of our real estate market.
This North Kona home on Alihilani Place represents the bottom end of the market
Big Island residential inventory is at a new low and sales are up nicely from a year ago. Most of this recent Kona residential inventory reduction is due to expired or withdrawn listings following the winter season, but it still leaves us with a dramatic change in inventory levels from a year ago.
Distressed Properties Still on the Decline
It appears that the market may greet the often discussed “wave” of newly distressed properties with open arms. This will be something that the report statistics will tract closely as we move into the summer months. Current data indicates a declining trend in distressed properties on the Multiple Listing System (MLS), and a sharp decline in the REO (foreclosure) inventory around the Big Island.
Want the Most Accurate Information For Sound Buying Decisions?
Staying up to date with the North Kona residential inventory is what I do best. As an Accredited Buyer Representative (ABR), making sure that my clients have the most accurate information in order to make sound buying decisions is my mission. If you are in the market for real estate anywhere on the sunny Kona coastline, please contact me anytime for a no obligation “talk story” about why I make Kona home. Let me help you to live your best Hawaii life!
Please feel free to contact me anytime at:
Todd W. Barrett, Realtor(S)
*Data republished with the courtesy and approval of the Griggs Report.