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Kailua-Kona Hawaii Real Estate Market Update as of April 2012
Kailua-Kona Hawaii Real Estate Market Update as of April 2012

The latest real estate statistics for Kona Hawaii have just been released and it shows continued signs of stability.  Year to date, as of April 1, 2012, there have been 97 Single family homes sold in the North Kona District of the Big Island. This is 3% fewer home sales than the first three months of 2011. The median sales price of homes sold in North Kona over the first quarter was $384,981 compared to $407,500 in first quarter 2011. This is a 5.53% decrease in the median sales price of single family homes. However, this weakess contrasts the increases seen in Kona Condominium and land prices. 
The median sales price for condominiums in North Kona over the first three months of 2012 was $178,000. This is an increase of 6.59% over the $167,000 median sales price in quarter 1 2012. The number of condominiums sold was down 15% from 86 to 73. 
Vacant land sales came in 17% higher at $220,000 vs. 187,000 in 2011. The number of lots sold decreased slightly from 25 to 22 in quarter 1 of 2012, a 12% decrease.
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