Lance Owens, Realtor, Kailua Kona, Hawaii, Real Estate, Information, Blog, Kona Real Estate,

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?

Foreigners ? 

Mainlanders? 

Locals? 

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