If you have been following my blog you already know that Kailua Kona sales have been steadily increasing for 10 months straight now - in fact many of these months, home sales have actually been better than 2009, 2008, 2007, and 2006. And from a personal standpoint - only 1 of the 16 sales I have closed in the past 12 months took advantage of the Tax Credit, so don't believe the hype that- this was the fuel for the fire. I believe we have actually turned around, as far as the numbers of sales go. Now as far as median prices go - we are still declining - not near as fast though - in fact, if you read the sales report you will see that Home prices increased by almost 10% last month - but don't believe what you see - we had huge inventory of high end properties sell in February. In fact 12 properties listed between $1,000,000.00 and $11,500,000.00 sold for various amounts' (I think that says something in itself - if the Rich and Famous are out there gobbling up deals - it's time to start moving folks) Any way here is a sneak peak at the report.
Condo Sales - up 200% from 2009 (easily surpassing 2008 and 2007 sales)
Land Sales - up 166% from 2009 (also outselling 2008 and 2007 sales)
Home Sales - up 26% from 2009 (just shy of beating 2008 numbers)
Log onto my website below for the full report - click on the tabs to the left that say - MLS Market Reports
Aloha, and have a great day
Lance Owens (RS)
Aloha Kona Realty Inc.
78-6740 Alii Drive