Kona Kohala Blog

Did you know there are 37 Single Family Residences (SFR's) for sale in North Kona for under $400,000 and there are 220 condos under that price.  Even better, there are 63 condos under $250,000.

This is the time of the "Bottom Feeders", those investors who are looking for sellers in trouble.  I've been getting calls recently from agents who say they are working with buyer clients who want 10 to 20 homes or condos at deep discount prices, 60% to 70% of what they are asking for the property.

The other thing we're getting are investors who want Agreements of Sale or Purchase Money Mortgages aka, Owner Financing.  This is a good indication that the market is nearing the bottom.

The government is talking about creating trillions of dollars to be used for public transportation projects, education and various other types of welfare programs intending to put people to work.  Good intentions but does this makes good economic sense or are we just digging the hole deeper?

In any case, we have condos galore for sale and the price is right.  Under the $250K mark you can find condos at Kona Shores, Kona Mansions, Kalanikai, Kailua Bay, Casa de Emdeko, Bali Kai, even Alii Lani and Kona Coffee Villas.  The inventory is out there, interest rates remain low and the weather is great.

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