Kona Kohala Blog

March 4th, 2010 1:49 PM

If you're one of those people who wants to retire to sunny west Hawaii and trying to time the market, do it now!  Our market, both North Kona and South Kohala, is beginning its turn; our numbers of sales are on the rise.  The median price of both Single Family Residences (SFR's) and condos have stopped their nose dive into the last century and we're seeing activity in all price ranges.

We still have a pretty good inventory of properties to choose from and interest rates are still hovering around 5%.  Without my crystal ball I can't guarantee anything but my experience and what I'm seeing today tells me that this is the time to buy if you're planning on doing so in the next few years.  We are at the turning point, the proverbial bottom.  We may still slip a little lower but I don't recommend waiting too long or you're going to be in that crowd of people lamenting about missing their chance.

If you're ready to move on your purchase, contact me and let's get started narrowing the field.  You can email me at Robert@FerrariPacificRealty.com or call my cell at 808-896-0661.  You should give yourself at least 6 months to research the property and learn all you can about the area it's in.  Now is the time so let's get started.


Posted by Robert Ferrari on March 4th, 2010 1:49 PMPost a Comment (0)

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