Kona Kohala Blog

In South Kohala today there are 105 condos and 77 Single Family Residences (SFR's) for under $450,000.  In North Kona there are 85 SFR's and a whopping 304 condos under that price.

Taking it down another step, under $400,000, there are 52 SFR's and 271 condos in North Kona and 53 SFR's and 81 condos in South Kohala.  This is a great time for first time home buyers.  Remember, a first time home buyer may also be someone who hasn't owned a home in 3 years, not just never owned one.  And for those first timers the feds are offering an $8,000 tax credit that doesn't have to be past back like the $7,500 one last year did.  A tax credit is paid against your tax bill, not like a deduction that's added into your taxes.  The main caveat is that you do have to close on the house before December 1, 2009.

For those of you at the other end of the buying spectrum, there are 243 homes listed for sale over $1M, talk about having a choice.  There are 37 in North Kohala, 60 in South Kohala and 146 in North Kona.  If you're in the market for a beautiful retirement home or a great second home in Hawaii there has been no better time than now to consider it.

For more information on homes, condos or land in any price range, contact me at Robert@FerrariPacificRealty.com or call 808-896-0661.

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