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

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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,

Beth

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Topic:
Real Estate General Information
Location:
Hawaii Hawaii County Kapaau
Tags:
kapaau home for sale
north kohala real estate
hawaii first time real estate buyers

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Beth Thoma Robinson

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

Why Hawaii? Why the Big Island? Why turn left from the Kona airport and head north to Kohala? And which community fits your lifestyle or investment strategy? Luxury residence, retirement home, resort second home, oceanview building site or agricultural property, we've got them all! Hawi Realtor Beth Thoma Robinson blogs to help you sort through your choices.

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