One of my tasks as Board Secretary for the Na Hale O Keauhou’s Homeowners Association is to prepare a regular real estate market update for our community newsletter. The following is an updated version of our most recent market update:
“Na Hale O Keauhou continues to be a very desirable condominium project in the Keauhou Resort area. The inventory of available condos is low all over in Keauhou and Kona, including at NHOK. Currently, we just have two available units: MLS 254083 is an REO 3 bedroom, 3 bath condo listed at $374,900 and MLS 254528 is an approved Short Sale listed at $375,000. We have one property under contract (MLS 253429) and there have been four closed escrows so far this year.
Our median sale price so far this year is $372,750, which is slightly lower than 2011’s $381,500 median at year’s end. We sold 11 units in 2011 and with our sales so far we could be on course to equal that number, but only if more units to come on the market. It remains to be seen how the supply and demand principle will impact sales prices in the second half of the year for North Kona condos in this price range. We are now seeing homes and condos coming on the market a bit higher list prices, but so far they aren’t necessarily selling at higher prices–it takes time for appraisals and public sentiment to catch up to a rising market.”
Condo Maintenance TipsOur newsletter also offered a few tips for maintenance suggestions for our units, courtesy of our on-site manager, Charlie Camacho. Construction at Na Hale O Keauhou was completed in 2005, so our units are approaching seven years old. While certainly not an exhaustive list, here are a few suggestions that may apply to other Kona condo owners of units of the same age:
Main water supply:
Water filter faucet:
Under-sink faucet supply, toilet supply and washer supply lines:
Hot water heater:
For more information about Na Hale O Keauhou or other Kona-Kohala Coast properties, please contact me. I look forward to answering your questions.
Jana J. Troute, DR, ABR, GRI was the sales director for Na Hale O Keauhou in 2005.