If you have been following my blog, you already know that November was a good month, but what I havent done for awhile, is actually dissect the sales and see who is buying what? Every-time I do - I surprise myself, along with many readers.
Ok - 32 Home Sales for November 2011
So what would be you first guess on who bought?
Well if you guessed Forienger's - you just WON - LAST PLACE- not a single sale shows a foreign address when it comes to the tax records - this surprised me actually (I'll bet my Condo sales will show a different story - will do that after this one)
If you guessed - Locals - your right, with almost 50% (15) of the sales showing local addresses, that's a great sign of the local economy improving.
Second place went to California with a 25% (8) market share - my educated guess is buyers that realize now is a great time to buy, with the intention of retiring in a few years
The rest of the field broke down to one sale each - Alaska, Washington, Colorado, Missouri, Virgina, Massachusetts, Minnesota, New Jersey and a Military address of APO, AP 96555
OK - How many were cash buyers - 13 - interestingly enough almost every sale over $700,000 was a cash deal.
Sales ranged from
$122,000 for a leasehold property,
|MLS #||Tp||St||DOM||Taxkey||Tnr||Price||Location||Land area||Details|
|230514||RES||S||264||3-7-4-22-44||LH||$160,000||74-206 Ililoa St||6,000 sqft||796 2/1.00|
SOLD 11/4/2011 for $122,000 (CNV) DOM 264
To a high of $8,100,000.00 for a golf course frontage home (not even ocean front) yes it sold for cash
|227311||RES||S||703||3-7-2-23-5||FS||$9,950,000||72-3202 Makani Eka Pl||1.88 ac||5,092 3/4.01|
|SOLD 11/10/2011 for $8,100,000 (CASH) DOM 703|
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Aloha, and have a great day
Lance Owens (RS)
LUVA Real Estate
75-240 Nani Kailua Dr #8 , Kailua Kona, HI. 96740 (Pines Plaza)