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“We are in the house of our dreams! I really appreciated your style- introducing us to a big variety of properties, pointing out the pros and cons of each one and letting us make the final decision without any preferences indicated on your part. Mahalo, too, for the quick, easy and trouble-free sale of our condo!”
Stone & Jim
Read more great testimonials on my website!
West Hawaii Real Estate Update
October, 2014: Volume 11, Issue 10
Sales remain tepid in the under $1 million category for houses and condos, but prices are climbing, especially in houses, see box below.
Land, especially out in the resorts, is flying off the proverbial shelves at a record pace, telling us that either there isn’t enough inventory or people don’t like what is available and/or the pricing of it.
On my street in Sunset/Kona Vistas there are currently 7 homes under construction… that is a lot of lumber!
A recent article on mortgage rates leads me to believe that by 2017 interest rates will be back close to 6% and when that happens, I think we will find the top of our market. Currently they are the lowest of the year at just under 4% so if you have been waiting, now is the time to jump since I don’t think they will last the week!
Warmer weather across the U.S. is expected this winter and that might impact our tourism again… stay tuned!
Notes From Gretchen
Figuring out how the market will respond to your property is always the toughest thing to gauge… but I will tell you if it is clean and priced right you will know because you should have an offer in the first two weeks. If you don’t receive an offer, you have missed something: It doesn’t show well, the photos aren’t representative of it, or you are priced too high.
If you would like to see a copy of my marketing plan to better understand how to market and sell your property with me, when the time is right I would love to email it to you!
Kona Average Price Listed Under $1M
Condo pricing has been stagnant most of the summer but houses are really climbing.
Out on the Town
Hurricane Ana missed us by a few hundred miles for which we are very grateful! The photo is one of the two rainy days we had from her affects but we didn’t even have any high winds. There was some wind damage down in South Point and on Maui but for the most part it was just rainy days for Kona… yeah!
Hawaiian Isle Real Estate, LLC
Realtor(B)Principal Broker/ Owner
Direct (808) 329-5667
#1 in Kona Transactions – 2013#16 in State of Hawaii – 2013Creative Advertising Award – 2012
Broker of the Year – 2010
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