NEWS

The local newspaper, The West Hawaii Today, recently interviewed Sharon about a study on the cost of buying property in Kona.

She said that "the average sales price of a home in the North Kona District is ... around $500,000, based on the of 51 homes in Hawaii Information Service's multiple listings services (September, 2004 statistics)."

"We've had a number of high-end sales over a million and others with open escrows at $1.6 million." said Morris. "That price is not out of the question, but I don't believe it is the average price of a home."

Morris, who has sold real estate in West Hawaii since 1989, said the market is as hot as she has ever seen. "We have easy access with direct flights into Keahole, and a lot of Baby Boomers who like our lifestyle and are tired of the congestion and the fast lane."

While she said the inventory is low, Morris added entry-level buyers should not be discouraged from looking for a home. "First-time buyers should work with lenders to see what kind of programs are there for them," she said. "No down, low down, there are a myriad of programs that a good lender could help them with. People have a lot of choices in mortgages they can get."

Morris said those who have an opportunity to purchase something should do so, and then upgrade later. "Get your foot in the door," she said. "It may not be everything you want, but purchase something and let that appreciate before moving onto a more perfect choice later."