Home > Blogs > Kona Home Team (LUVA LLC) Lance Owens (RB-24133) > Real Estate in Kailua Kona, Hawaii, with Lance Owens (RS), Kimi Nagatoshi (RS) and LUVA Real Estate

Hawaii housing market report, October 1, 2008, Kailua Kona, Real Estate, for sale

By Kona Home Team (LUVA LLC) Lance Owens (RB-24133)

Real Estate Agent with Kona Home Team (luva llc) RS 62947

October 01, 2008 08:40 AM

Median Home Price - September 2008 - < 17.73% > Drop in prices island wide. These numbers are skewed because of a large commercial sale last month, so if you look - I am pulling my numbers, from the year to date column. Give ma a call and we can go over the specific area you are interested in.

MLS Sales Statistics
*Median Sales Price*
		1,098,852	2,504,000	1,405,148	127.87%	1,757,000	1,445,500	<311,500>	<17.73%>
		MONTH OF		#	%	YEAR		#	%
Big		September		Increase /	Increase /	TO DATE		Increase /	Increase /
Island		2007	2008	<Decrease>	<Decrease>	2007	2008	<Decrease>	<Decrease>
ENTIRE	Residential	400,000	300,000	<100,000>	<25.00%>	410,000	350,000	<60,000>	<14.63%>
	Vacant Land	46,900	29,000	<17,900>	<38.17%>	47,000	42,000	<5,000>	<10.64%>
	Commercial	357,750	1,860,000	1,502,250	419.92%	740,000	555,000	<185,000>	<25.00%>
	Condominium	294,202	315,000	20,798	7.07%	390,000	410,000	20,000	5.13%
	Business	0	0	0		170,000	88,500	<81,500>	<47.94%>
PUNA	Residential	260,000	190,000	<70,000>	<26.92%>	260,000	225,000	<35,000>	<13.46%>
	Vacant Land	37,750	24,750	<13,000>	<34.44%>	39,500	32,500	<7,000>	<17.72%>
	Commercial	0	0	0		225,000	525,000	300,000	133.33%
	Condominium	0	0	0		0	0	0
	Business	0	0	0		0	555,000	555,000	0.00%
SOUTH HILO	Residential	325,000	335,000	10,000	3.08%	348,500	335,000	<13,500>	<3.87%>
	Vacant Land	182,500	385,000	202,500	110.96%	227,000	227,500	500	0.22%
	Commercial	348,000	1,860,000	1,512,000	434.48%	469,000	550,000	81,000	17.27%
	Condominium	110,000	87,000	<23,000>	<20.91%>	130,000	139,000	9,000	6.92%
	Business	0	0	0		170,000	65,000	<105,000>	<61.76%>
NORTH HILO	Residential	865,000	156,000	<709,000>	<81.97%>	480,000	297,900	<182,100>	<37.94%>
	Vacant Land	282,500	612,500	330,000	116.81%	385,000	403,000	18,000	4.68%
	Commercial	0	0	0		2,650,000	0	<2,650,000>	<100.00%>
	Condominium	0	0	0		0	0	0
	Business	0	0	0		0	0	0
HAMAKUA	Residential	531,500	1,275,000	743,500	139.89%	400,000	400,000	0	0.00%
	Vacant Land	0	260,000	260,000	0.00%	450,000	278,600	<171,400>	<38.09%>
	Commercial	0	0	0		0	455,000	455,000	0.00%
	Condominium	0	0	0		0	0	0
	Business	0	0	0		0	0	0
NORTH KOHALA	Residential	710,000	450,000	<260,000>	<36.62%>	887,500	675,000	<212,500>	<23.94%>
	Vacant Land	575,000	560,000	<15,000>	<2.61%>	577,500	692,500	115,000	19.91%
	Commercial	0	0	0		600,000	0	<600,000>	<100.00%>
	Condominium	0	0	0		0	0	0
	Business	0	0	0		0	122,500	122,500	0.00%
SOUTH KOHALA	Residential	617,450	462,000	<155,450>	<25.18%>	551,000	479,000	<72,000>	<13.07%>
	Vacant Land	385,000	667,500	282,500	73.38%	420,720	255,000	<165,720>	<39.39%>
	Commercial	0	0	0		362,000	1,595,000	1,233,000	340.61%
	Condominium	650,000	509,000	<141,000>	<21.69%>	788,000	619,950	<168,050>	<21.33%>
	Business	0	0	0		0	95,000	95,000	0.00%
NORTH KONA	Residential	599,250	559,500	<39,750>	<6.63%>	610,768	549,072	<61,696>	<10.10%>
	Vacant Land	498,750	575,000	76,250	15.29%	450,000	342,750	<107,250>	<23.83%>
	Commercial	367,500	0	<367,500>	<100.00%>	980,000	1,600,000	620,000	63.27%
	Condominium	293,403	315,000	21,597	7.36%	360,000	355,000	<5,000>	<1.39%>
	Business	0	0	0		239,000	96,500	<142,500>	<59.62%>
SOUTH KONA	Residential	605,000	244,000	<361,000>	<59.67%>	525,000	382,500	<142,500>	<27.14%>
	Vacant Land	96,500	0	<96,500>	<100.00%>	287,500	250,000	<37,500>	<13.04%>
	Commercial	0	0	0		3,792,500	0	<3,792,500>	<100.00%>
	Condominium	0	0	0		245,000	235,000	<10,000>	<4.08%>
	Business	0	0	0		90,000	0	<90,000>	<100.00%>
KA'U	Residential	279,000	174,500	<104,500>	<37.46%>	247,000	215,000	<32,000>	<12.96%>
	Vacant Land	38,500	38,875	375	0.97%	35,000	35,000	0	0.00%
	Commercial	0	0	0		0	0	0
	Condominium	0	0	0		330,000	0	<330,000>	<100.00%>
	Business	0	0	0		0	0	0