Island wide sales slowed 35% from June last year, with Kona showing a little more than 38% drop in sales.
Sitting down and talking with other agents, and gathering my information - I think a big part of this drop, is the closing of 2 major airlines serving the Big Island - Aloha & ATA. That made a huge impact that I think we are really just now feeling - why just now, when the airlines closed months ago. I believe that the people that were only a month or two out from their vacation - bit the bullet and paid the extra airfare. But I believe the people that were 3 - more months out - had enough time to cancel hotels, rebook to cheaper areas. I mean just imagine - many of these family's had planned this vacation for years, then all of the sudden the refund they got on their tickets was $500.00 each (approx.) Now when they rebook tickets - prices have jumped to $1,200. A ticket - Xs a family of 5!!! Woo Woo Woo - that put the brakes on Hawaii real quick - good news more carriers are opening up to Hawaii, and rates are dropping again.
Another factor may be the VOG - but that calls for a whole new BLOG.
Aloha, and have a great day
Lance Owens (RS)
(808) 936-8383
Lance@KonaHomeTeam.com
www.KonaHomeTeam.com
Aloha Kona Realty Inc.
78-6740 Alii Drive
| MLS Sales Statistics |
| Number of Sales |
| |
|
432 |
248 |
<184> |
<42.59%> |
|
2303 |
1500 |
<803> |
<34.87%> |
| |
|
MONTH OF |
# |
% |
|
YEAR |
# |
% |
| Big |
|
June |
Increase / |
Increase / |
|
TO DATE |
Increase / |
Increase / |
| Island |
|
2007 |
2008 |
<Decrease> |
<Decrease> |
|
2007 |
2008 |
<Decrease> |
<Decrease> |
| ENTIRE |
Residential |
161 |
104 |
<57> |
<35.40%> |
|
896 |
619 |
<277> |
<30.92%> |
| Vacant Land |
223 |
110 |
<113> |
<50.67%> |
|
1107 |
648 |
<459> |
<41.46%> |
| Commercial |
2 |
2 |
0 |
0.00% |
|
15 |
16 |
1 |
6.67% |
| Condominium |
46 |
31 |
<15> |
<32.61%> |
|
276 |
209 |
<67> |
<24.28%> |
| Business |
0 |
1 |
1 |
0.00% |
|
9 |
8 |
<1> |
<11.11%> |
| PUNA |
Residential |
60 |
40 |
<20> |
<33.33%> |
|
288 |
212 |
<76> |
<26.39%> |
| Vacant Land |
147 |
71 |
<76> |
<51.70%> |
|
723 |
413 |
<310> |
<42.88%> |
| Commercial |
1 |
1 |
0 |
0.00% |
|
1 |
5 |
4 |
400.00% |
| Condominium |
0 |
0 |
0 |
|
|
0 |
0 |
0 |
|
| Business |
0 |
0 |
0 |
|
|
0 |
1 |
1 |
0.00% |
| SOUTH HILO |
Residential |
15 |
21 |
6 |
40.00% |
|
116 |
85 |
<31> |
<26.72%> |
| Vacant Land |
14 |
4 |
<10> |
<71.43%> |
|
54 |
42 |
<12> |
<22.22%> |
| Commercial |
1 |
1 |
0 |
0.00% |
|
6 |
5 |
<1> |
<16.67%> |
| Condominium |
12 |
5 |
<7> |
<58.33%> |
|
35 |
19 |
<16> |
<45.71%> |
| Business |
0 |
0 |
0 |
|
|
2 |
3 |
1 |
50.00% |
| NORTH HILO |
Residential |
2 |
1 |
<1> |
<50.00%> |
|
9 |
4 |
<5> |
<55.56%> |
| Vacant Land |
2 |
0 |
<2> |
<100.00%> |
|
8 |
7 |
<1> |
<12.50%> |
| Commercial |
0 |
0 |
0 |
|
|
1 |
0 |
<1> |
<100.00%> |
| Condominium |
0 |
0 |
0 |
|
|
0 |
0 |
0 |
|
| Business |
0 |
0 |
0 |
|
|
0 |
0 |
0 |
|
| HAMAKUA |
Residential |
2 |
6 |
4 |
200.00% |
|
14 |
13 |
<1> |
<7.14%> |
| Vacant Land |
2 |
2 |
0 |
0.00% |
|
5 |
6 |
1 |
20.00% |
| Commercial |
0 |
0 |
0 |
|
|
0 |
2 |
2 |
0.00% |
| Condominium |
0 |
0 |
0 |
|
|
0 |
0 |
0 |
|
| Business |
0 |
0 |
0 |
|
|
0 |
0 |
0 |
|
| NORTH KOHALA |
Residential |
5 |
1 |
<4> |
<80.00%> |
|
22 |
16 |
<6> |
<27.27%> |
| Vacant Land |
6 |
7 |
1 |
16.67% |
|
15 |
15 |
0 |
0.00% |
| Commercial |
0 |
0 |
0 |
|
|
1 |
0 |
<1> |
<100.00%> |
| Condominium |
0 |
0 |
0 |
|
|
0 |
0 |
0 |
|
| Business |
0 |
0 |
0 |
|
|
0 |
2 |
2 |
0.00% |
| SOUTH KOHALA |
Residential |
22 |
12 |
<10> |
<45.45%> |
|
131 |
85 |
<46> |
<35.11%> |
| Vacant Land |
7 |
4 |
<3> |
<42.86%> |
|
55 |
20 |
<35> |
<63.64%> |
| Commercial |
0 |
0 |
0 |
|
|
1 |
1 |
0 |
0.00% |
| Condominium |
15 |
9 |
<6> |
<40.00%> |
|
96 |
87 |
<9> |
<9.38%> |
| Business |
0 |
1 |
1 |
0.00% |
|
0 |
1 |
1 |
0.00% |
| NORTH KONA |
Residential |
31 |
19 |
<12> |
<38.71%> |
|
225 |
148 |
<77> |
<34.22%> |
| Vacant Land |
6 |
5 |
<1> |
<16.67%> |
|
39 |
32 |
<7> |
<17.95%> |
| Commercial |
0 |
0 |
0 |
|
|
4 |
3 |
<1> |
<25.00%> |
| Condominium |
19 |
17 |
<2> |
<10.53%> |
|
142 |
103 |
<39> |
<27.46%> |
| Business |
0 |
0 |
0 |
|
|
7 |
1 |
<6> |
<85.71%> |
| SOUTH KONA |
Residential |
6 |
1 |
<5> |
<83.33%> |
|
29 |
20 |
<9> |
<31.03%> |
| Vacant Land |
1 |
6 |
5 |
500.00% |
|
46 |
28 |
<18> |
<39.13%> |
| Commercial |
0 |
0 |
0 |
|
|
1 |
0 |
<1> |
<100.00%> |
| Condominium |
0 |
0 |
0 |
|
|
2 |
0 |
<2> |
<100.00%> |
| Business |
0 |
0 |
0 |
|
|
0 |
0 |
0 |
|
| KA'U |
Residential |
18 |
3 |
<15> |
<83.33%> |
|
62 |
36 |
<26> |
<41.94%> |
| Vacant Land |
38 |
11 |
<27> |
<71.05%> |
|
162 |
85 |
<77> |
<47.53%> |
| Commercial |
0 |
0 |
0 |
|
|
0 |
0 |
0 |
|
| Condominium |
0 |
0 |
0 |
|
|
1 |
0 |
<1> |
<100.00%> |
| Business |
0 |
0 |
0 |
|
|
0 |
0 |
0 |
|
;)
Links;)
Tags (Tag Cloud);)
Archives
