Despite the price war at the upscale Maliu Ridge subdivision near Hawi in North Kohala, the home that is showing under contract today is the first to sell since January!
It will be interesting to see what the final sold price is on this 2,430 sq ft home with big ocean views and all furniture included; list price is $699,000 but it was in competition with a nearby home of similar square footage and ocean views priced at $649,000:
Both of these homes are on a little over an acre. For someone wanting a 2,000+ sq ft home near Hawi on 3 acres with paddocks for horses (or a pet goat or sheep?), the REO (foreclosure) is still on the market at a reduced price of $691,200.
This Maliu Ridge home is one of only five residential properties with offers on them in the Hawi, area, two of which are foreclosures and one of which is a short sale.
Although the inventory of homes for sale has tightened in Kailua Kona, Waikoloa Village and the Kohala Coast resorts, it is still a buyer's market for real estate in Hawi, North Kohala!
A hui hou