Hawaii MLS market reports
Kailua Kona Real Estate has been on the recovery for over a year now and this is the first time in 15 months that I have not seen the number of homes sold, not surpass last years sales. In fact most of the last 15 months seen increases that surpassed, 2009, 2008, and 2007. Don't panic just yet though, June had a huge increase - stealing some of the closings that would have happened in July. I attribute this to the rush of last minute buyers that wanted the tax credit. You would think the government would have learned a lesson a few years ago - STOP BORROWING BUYERS FROM THE FUTURE - let nature take its course and she will recover on her own time. Of course there is enough on that subject to create a whole new Blog.
Home sales - DOWN <21%> , but dont forget June had an increase of 60%.
Condo Sales - UP by 33% been tracking an upward swing for about 5 months.
Land Sales - DOWN <40%> - first time this year there has been a dip in land sales.
For the full report, please visit my website below, and look for the tabs to the left [ MLS Market Reports ]
"Islands" Magazine just rated the Big Island of Hawaii - #1 in the World!
In the August 2010 issue of ISLANDS magazine, the editors rank the top 20 Best Islands to Live On, considering real estate values, ease of immigration, expat community, quality of island life and more.
Visit: www.islands.comfor the full story, or better yet - pick up a copy at your local newstand.
Aloha, and have a great day
Lance Owens (RS)
Aloha Kona Realty Inc.
78-6740 Alii Drive