We were showing property recently and came across this gem in Kona Acres, which is in the Kona Palisades area. This 3 bedroom home has sweeping coastline views, which the photo above does not do justice.

The property is 1.13 acres with lots of trees, including avocado and citrus. The house is older and could use some upgrades over time, but is in good shape and move-in condition. (more…)

We live in the Villages at Mauna Lani on the Big Island, and think it is one of the finest complexes on the Kohala Coast. The featured property (MLS# 231334) is one of the few, single level, detached homes in the Villages. This is the popular Ali’i floor plan with solid mahogany doors and trim, stone floors, upgraded carpet, Kohler fixtures, outdoor kitchen and sliding, pocketing doors.

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First quarter sales of condos on the Big Island have been in a steady decline for the past four years in a row. The first quarter of 2010, however, showed a marked increase of over 122% from the previous year’s first quarter sales.

Looking at the two graphs above it is interesting to note that the median price of condos continued to go up even while the unit sales were dropping. One explanation for that is that there is a lag until prices reflect increasing unsold inventory. Conversely, if unit sales continue to rise, decreasing the inventory, the median price will eventually rise as well.