The Condo market
Certainly taking a lot harder hit than housing market, but still not to bad. You figure we usually follow Oahu's trend, and looking at the newspaper reporting of Condo sales in Honolulu - Overall, O'ahu's median condo price is up 4.8 percent to $325,000. Ours is not as Rosy as that - but here are the numbers! These are just for the month of September.
North Kona Condo's - Number of sales 2006 = 28, 2007 = 18 <-35.71%>
North Kona Condo's - Sales Volume in Dollars 2006 = $10,673,522 2007 = $7,026,513 <-34.17%>
North Kona Condo - Median Sales Price 2006 = $355,472 2007 = $332,500 <-6.46%>
So, even though we are not as low as Honolulu yet, we are pretty close. But believe me, if you see what you get here for $350,000 vs Honolulu, No comparison - Kona wins hands down!
With that I will throw in a plug for my new listing in Alii Cove at Honl's - This unit has UnBlockable - Incredible Ocean Views - and sits across the street from Honls Beach. Visit my website for more information http://KonaHomeTeam.com Listed at $489,000 - less than 1 year old, and comes with a 1 car garage plus a dedicated parking stall - great for Snowbirds !
Aloha and have a great day
Lance Owens (RS)
(808) 936-8383
Aloha Kona Realty Inc
78-6740 Alii Drive
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