The Big Island of Hawaii continues to ignore what the media keeps telling us - double dip, decreasing sales, fewer contracts being signed, the world is coming to an end? The numbers below are reported by Realtors, to the Hawaii MLS, as of June 1, 2011, these numbers may go up a few, in the next couple of days.
Looking at the numbers -
Overall Home Sales: UP 13.8% over May 2010 - up 8.4% Year to Date (FYI - May 2010 over 2009 - UP 25.4%)
North Kona - Kailua Kona Sales: UP 5.8% over May 2010 - up 10.8% Year to Date
South Kohala - Waikoloa: Up an astounding 130% (that's not a typo) over May 2010
For the full report folow me over to my website, look for the "MLS Market Report" tab on your left.
Here are a few samples sales, May 2011, Kailua Kona area
Sale 1: listed at $229,000 Sold for: $197,000 Days on Market (DOM) 100 - great location
Sale 2: Listed at $339,000 Sold: $339,000 DOM: 9 - another great location
Sale 3: Listed $349,000 Sold: $304,000 DOM: 343
Sale 4: Listed $949,500 Sold: 910,000 - Ocean front - DOM: 871
Aloha and Mahalo - keep an eye out for my next Blog: Hawaii Condo Sales - Shatter National Trends
Comments(3)