April marks the 12th month in a row that MLS sales showed a huge increase in Sales - in fact up 105% over last April

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

 OK - sales up - but whats selling ? Well lets take a look at the single family home sales, in Kailua Kona on the big island of Hawaii

$200,000 and under - 1 sale

$200,000 - $299,000 - 7 sales

$300,000 - $399,000 - 12 sales

$400,000 - $499,000 - 6 sales

$500,000 - $599,000 - 3 sales

$600,000 - $699,000 - 3 sales

$700,000 - $999,000 - 5 sales

$1,000,000 plus - 3 sales (including a $6.1 million dollar sale)

 So roughly speaking, half of the sales were for under $400,000, and the other half of the sales were for over $400,000

Ok - I know your next question - how many were distressed properties - a lot - no hold on, I will go back and count them , give me a minute.

Alright, I'm back, so according to the Hawaii MLS - 17 properties were either a Short Sale, REO, Foreclosure, Pre Foreclosure, or Lender sale. Ill be honest with you, if you had asked me this question this morning in line at the grocery store, my answer would have been 60-65%. See that's why I like doing these blogs - it keeps me educated, up to date, and more accurate - we are actually under 50%. So that's another good sign for the economy.

OK, thats going to wrap it up for me tonight - take a minute to actually review all the sales below for yourself, draw your conclusion.

Regroup on that thought - I just tried to publish the MLS report and apparently it is too many characters for this blog, so if your really interested in the actual report - shoot me an email and I will send it to you.

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

 

 

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Aloha, and have a great day 

Lance Owens (RS)

(808) 936-8383

Lance@KonaHomeTeam.com

www.KonaHomeTeam.com

LUVA Real Estate 

75-240 Nani Kailua Dr #8 , Kailua Kona, HI. 96740 (Pines Plaza

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Tags:
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Rainer
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Tom Ramsey
Century 21 Northland - Traverse City, MI

Wow only 1 sale under 200K you must be in a high price market.  I would say 50% or more of our sales are under 200K

thanks for the post

tom

May 04, 2010 08:37 PM #1
Rainmaker
390,596
Kona Home Team (luva llc) Lance Owens (RS)
Kona Home Team (luva llc) - Kailua-Kona, HI
Getting transactions done, when nobody else can!

Thanks Tom

Our market is a little different, but just consider paying $5.00 for a gallon of milk, or $3.83 for a gallon of gas, or even an ear of corn being sold by the piece - crazy but worth it

May 04, 2010 09:46 PM #2
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Rainmaker
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Kona Home Team (luva llc) Lance Owens (RS)

Getting transactions done, when nobody else can!
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