Kona Real Estate? West Hawaii Today says HOT, HOT HOT

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

And yes, they are correct (don’t ask me why I sound surprised)... 

Our market is on FIRE !  Hi, Lance Owens (RS) here with LUVA Real Estate, Kailua Kona, HI.

Hawaii Real Estate

Let's talk about Hawaii Real Estate (Kailua Kona), with someone who knows, lives, breaths, and is a part of those numbers. And when we do, we will use Hawaii Information Service - Market Reports (not some mainland "super cruncher - Zillow - did I just say that?) (Trulia - I didnt just say that too?) Ok, enough poking fun. 

Last month, April 2013 was a few sales short of 2012, (-8.7%) but don't let that fool you .

2012 we had a little over 300 homes actively for sale in Kailua Kona, as of right now; we have a grand total of 188 active listings, almost a 50% decrease in active listings.

2013 had 42 home sales,

2012 saw 46 home sales, with almost twice the inventory.

Let's go back a little further (April sales)

2011 = 38

2010 = 41

2009 = 20

2008 = 36

2007 = 30

Without wasting to much time, I had to go back to 2006 to get to

43 sales,

2005 saw 47 - (again all references here are for

"April") .

Let's talk about the bottom line

2012, with 47 sales, saw $20,000,000.00 in sales

2013, with 42 sales, saw $36,000,000.00 in sales

Want to know something that goes a lot deeper that what you see here?

Look at this

2005 - the year we all think was the peak, had 47 sales,

Any guess on how much money exchanged hands for that month?



According the to the Hawaii MLS ---------------------   $38,000,000.00

That puts us just shy, by $2,000,000.00 !

As crazy as that number seems, 2006 actually had $43,000,000.00 exchange hands.

Back to this April: 

We are talking a 78% increase in the amount of money exchanging  hands, 4/12 & 4/13 - no adjustments, black and white numbers.  

My tag line for my 2013 reports.  2013 is making 2012, look like 2004 !  (FYI - 2004 saw 58 sales worth  $34,000,000.00 ) 


Give me a call sometime and we can set up an appointment to sit down, and help you understand what this means to you.

Lance Owens (RS), 808-936-8383

 LUVA real estate

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Aloha, and have a great day 

Lance Owens (RS)

(808) 936-8383



LUVA Real Estate 

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

Comments (4)

Andrew Mooers | 207.532.6573
Northern Maine Real Estate-Aroostook County Broker

Thanks for the market update!

May 15, 2013 06:15 PM
Kona Home Team (luva llc) Lance Owens (RS)
Kona Home Team (luva llc) - Kailua-Kona, HI
Getting transactions done, when nobody else can!

Aloha Andrew, 

Helps keep us all on our toes, I know the big box anylizers have a place in our market, but sometimes its good to a local spin on things. 

May 15, 2013 06:19 PM
Sheila Morales
Kauai Property Shop - Kapaa, HI
Your Kauai Hawaii Agent

Deefinitely need the local analysis. We are seeing similar trends here on Kauai.

May 15, 2013 07:50 PM
Kona Home Team (luva llc) Lance Owens (RS)
Kona Home Team (luva llc) - Kailua-Kona, HI
Getting transactions done, when nobody else can!

Thank you Shiela, its amazing what numbers the big "Market Leaders" come up with. I know its an honest effort, but where do they find those numbers at?

May 16, 2013 01:42 AM