Kohala (Hawi) Market Report: Action under $450,000

Real Estate Agent with Hawaii Life Real Estate Brokers Big Island

Real estate sales in North Kohala (around the towns of Hawi and Kapaau) slowed briefly after the first-time buyer tax credit expired at the end of April.  However, looking at the month of August, the lower (under $450,000) end of the market is picking up again!

In raw land, it seems everyone wants a parcel of 3-5 acres.  One sale closed for $285,000 (right on busy Kynnersley Rd with a touch of ocean view); two are in escrow with asking prices of $345,000 and $499,000.

In residential property, there are three short sales and one REO (foreclosed home) with offers.  For the first time or retirement buyer who does not want the uncertainty of a short sale, nor want to worry about "as is" property and the hassle of renovation, there are only a few options among the remaining 14 listings below $450,000.  At the top of the list would be this darling remodeled plantation-era 3-bedroom home with ocean and mountain view from the new back deck, listed for $319,000:

Kapaau Best Buy Remodeled Home

Completely renovated planation-era home in Kapaau is a best-buy at $319,000

A hui hou,



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Beth Thoma Robinson

R(B) SFR - Hawaii Island Luxury Resort Real Estate
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