Kona Kohala Blog

In North Kona and South Kohala there is a flattening out of what was a continuous decline on the median price charts.

This shows January to July of 2011 for Single Family Residences (SFR's) and condos in South Kohala and North Kona.  The only category with any direction at all is the North Kona SFR's, the other three can't seem to figure out which way to go.

You might say that this chart represents our country as a whole right now, no one and no area of the economy seems to have a direction.  After long hours working on the latest soap opera out of Washington D.C. we are no better off than we were to start.  Consequently, the housing market is no better off but, if you're a buyer and can make it through the tangle of qualification requirements or have cash, you're sitting pretty.  There are still some very good deals out there and if you do have to finance your purchase, interest rates remain tantalizingly low so go for it.