When do you know the real estate market has hit bottom? When it has passed you by!
West Hawaii’s continued recovery can be clearly illustrated in some of our local condominium projects. The Kona Coffee Villas is one of these.
Located in Holualoa, this project of 176 fee simple units can prove to be a great investment for first time buyers or the savvy investor. Coffee Villas offers concrete constructed 2bed/2bath units, some offering additional loft areas, with dynamite ocean views and low maintenance fees!
Click information below to enlarge.
The three highlighted units SOLD for $65,000, $80,000 and $82,000! Are you kidding me? These are fee simple, 2bed/2bath units, in concrete buildings, with low maintenance fees!
Currently in the project there are 3 units available, priced between $120,000-$150,000. Will we see units listing at under $100,000 anytime soon? Possibly, but not likely. In my opinion, that market has bottomed, and is already, as illustrated, on the way back.
It’ll be interesting to see where it goes!