Aloha, Lance Owens (RS) here with LUVA Real Estate , I know we all wonder "whats my home worth" ? Well, keeping up on the market trends, keeps you up on market values, so we are bringing you October 2013 MLS reports for the Kailua Kona area.
Home Sales: Down <40%> , but don't let that kid you. INVENTORY, Inventory, inventory! Currently we have 209 homes for sale in Kona, and of those 209, only one of them, (Fee Simple), is listed under $300,000, 11 more are priced between $300-$400,000. and the other 198, well 82 of them are priced from $1,000,000 to $12,900,000.
Sales Volume: The amount of money exchanging hands for the 2 Octobers, went from $30 million down to $14 million - down <52%> . It goes hand in hand with the number of sales - YTD is still up about 35%, even with such a bad month.
Median Price: Up just under 1%, and YTD is still holding out at 12% over last year
I kind of have one of those "wait and see" feelings about all this, and I'll tell you why. Land sales play a big factor here, as the home prices skyrocket, people start turning to land again. I have not seen building like this in YEARS, several new homes are breaking ground all around me, and that is a really good feeling, watching all the construction start up again.
FYI - Land sales were up 110% over last October!
For the full report, follow this link. HAWAII MLS REPORTS
Thinking about Buying or Selling, just give me a call 808-936-8383
Photo of day, actually of the evening: Last night, from Sam Choys Restaurant, located at the Keauhou end of Kailua Kona, HI, the Big Island.
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