Kona Kohala Blog

While the rest of the country languishes in a declining market, Hawaii continues to be a good place to own property.  On the mainland, 9% price drops are being reported while in Norht Kona, our median price is down just over 1% for Single Family Residences (SFR's) and condos are down less than 1%.  We're actually seeing median price increases in South Kohala.

The number of sales continues to decline just like the mainland but the value is holding it's own.  Today, there are condos in the Waikoloa Beach Resort area that can be purchased in the mid $500's and with a good deposit, will give you a positive cash flow at the end of each month.

Interest rates have gone up for the last three weeks in a row so don't wait too long.  Bond yields have to go up to lure investors back into the bond market which means interest rates will go up, too.  Most investors are holding onto their cash, like the banks, or putting it into real estate.  Now's a good time to beat the crowds and buy before interest rates get out of control.  aloha