Kailua Kona, Hawaii - the best place on earth (according to me).
Condo sales have been on the increase now for awhile, in fact, September, October, November, December (all 2009) , and January 2010, have all outsold the previous years numbers - some of these months even outsold 2008. If you take a momment and look at my - single family home sales for North Kona - report, Homes have out sold previous year for 9 months running, and many of those out sold 1 or 2 previous years.
Here is a look at North Kona - January sales for a few years back
2010 = 19
2009 = 11
2008 = 9
2007 = 25
2006 = 40
2005 = 46
Go to my website below and click on the - Market Report - tab to your left for a more in depth market report.
Now that I have your attention, let me lead you to my DEAL OF THE MONTH !
Priced back at 2002 pricing - this 2/2 Ocean Front - FEE SIMPLE - Townhouse is listed at $349,000 and its NOT a short sale!
I need to make this disclaimer before I go any further - Please Read Carefully
Rental Property. Buyer understands that Seller and the Brokerage Firms are not offering to sell or selling the Property together with any existing or future rental pool or other rental arrangement. Seller and the Brokerage Firms make no representations or guarantees about future rents or future resale value. Buyer understands that should Buyer rent the Property after closing, Buyer is assuming all risks relative to all of the foregoing. This sale includes real property only, and the intent is not to convey a security or investment security as defined by the U.S. Securities and Exchange Commission or other governmental agency.
With that said
The Owner reported rental gorss - with 65% occupancy - last year was a terrible year!
$30,608 - gross sales, not including tax and cleaning fees charged directly to the Rentor. that was at discounted rates, and only 65% occupancy
2010 - first 1/4 bookings at 74%
You need to take a look at this property !
Aloha, and have a great day
Lance Owens (RS)
Aloha Kona Realty Inc.
78-6740 Alii Drive