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

By
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

Lance@KonaHomeTeam.com

www.KonaHomeTeam.com

LUVA Real Estate 

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

Comments (4)

Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
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