Everybody said watch out - when it turns - its going to take off - Is this the turn? All I do is report the facts - you tell me if this is the turn.
So watching the numbers, this year has been pretty bad, started out in January down <65%> from 2008 - WOW.
Then February was off by <31%> - pretty bad - but twice as good as January.
March came a long with only <25%> decrease - slowly moving up.
April - back off by <30%> - Still far better than Januarys numbers!
May - now that's what this Blog is about - we matched our sales for 2008 - at least in home sales, which I feel is better Gage for the economy versus Condo sales. Of the 28 reported sales on the MLS, 18 of them were under $500,000 - and 2 of them were over $1,000,000 (one was actually $5,850,000.00 - where was I for that one) .
The good news for Sellers - things are starting to sell again
The good news for Buyers - there are still at a bargain - down <22.99%> from last year - for now at least!
So was May just a blip on the map - well looking at Junes numbers so far - we are tracking 1 shy of what we did last year - so MY initial reaction is - this may start to be a trend here on the Big Island. I know the other Islands are not as fortunate as the Big Island, but the Big Island has always been different the the rest of the Island chain. According to studies (and my own personal experience) You Kona home buyer is someone that has been to the Islands many times, has spent the past few trips on the big island, and has fallen in love with the spirit of the Big Island. I dont know how many people know this - but you can take all the other islands combined, double them in size, and put them on the Big Island, and you would still have room left over - that along with the fact that we have 11 of the worlds 13 climate zones, and the most perfect weather zone of the Islands right here in Kona, and what we call - Lake Pacific - right out your front door. I can go on for hours - just take a look at my my webpage - look under personal photos tab to your left and you will see what I am talking about!
Enough for now - Aloha
Visit my webpage below for all the market reports.
Lance Owens (RS)
(808) 936-8383
Aloha Kona Realty Inc.
78-6740 Alii Drive
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