Prices for condos in North Kona have been moving up this month but are still down year to date. In South Kohala, prices continue their downward trend inching lower as activity continues to improve. The number of sales for both condos and Single Family Residences (SFR's) are up in August compared to last August and up this year compared to last for year to date sales.
Activity in North Kona is also increasing as more people step in to take advantage of the low prices and crazy low interest rates. There are 30 year fixed rate loans available under 4% with a couple of points up front. Ten year mortgages have been as low as 3% recently and are hovering there today.
To hear it from the horses mouth, check out loan officers under Financing in the Buyer's Information section. There's never been a time like now.
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