West Hawaii Real Estate Update

By
Real Estate Broker/Owner with Sales and Management - Luxury Vacation Rentals - Concierge Services NRDS ID# 316593743

West Hawaii Real Estate Update.

“North Kona home sales continue to rock!” stated Lance Owens, a Realtor with LUVA Real Estate.

North Kona posted a 58.62% increase year over year for number of sales, with 46 homes sold last month versus 29 in August 2012. Owens says “It’s the best August since 2006, and 2006 only beat it out by 1 home sale.”

“I was looking at the amount of money that exchanged hands during the month of August, and found it was UP 105% over last August (16 million vs. almost 34 million). The median price for August to August, is up only 8%, but year to date is up almost 15%, all good indicators that home sales are well into the recovery period”, Owens continued.

 

 

Residential Median Prices

The median price for residential property in North Kona was $487,000, an 8.22% gain from last year. The media price for a home in South Kona was $350,00 up 9.55% from 2012 and South Kohala had a median price of $415,000 for a single family home, a 10.67% increase year over year. The median prices of condos have increased by 25% in North Kona from August 2012 to 2013.

Island Wide

The Big Island of Hawaii is seeing an overall continued upbeat real estate activity as the median price for all homes on the island increased by 20% in 2013.

Interesting trend:

People are looking at Puna for land deals, as well. Vacant land sales jumped 66% year over year from 51 deals done in 2012 to 85 this past month.

Inventory continues to decline in the Kailua Kona market.

INventoryforKonaAug

LUVA Real Estate specializes in West Hawaii real estate and our agents are happy to send anyone who would new homes as they come on the market in North Kona, South Kona, South Kohala and North Kohala.

Contact us at info@LUVARealEstate.com

West Hawaii Real Estate:  Search Homes

http://www.luvarealestate.com/real-estate-services/luva-real-estate-spatialmatch/

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LUVA Real Estate

LUVA Real Estate Ohana

The LUVA Real Estate Ohana

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LUVA Real Estate Services
75-240 Nani-Kailua Drive, Ste 8
Kailua-Kona, Hawaii 96740

International: +1.808.769.5111 | North America: 1.855.769.5111
Hawaii:  808.769.5111 | Email:  info@luvarealestate.com
www.luvarealestate.com

Licensed in the State of Hawaii

Comments (2)

Mitch Muller - Charlotte NC Real Estate
ProStead Realty Charlotte, NC CRS SRES mitch@prostead.com - Charlotte, NC
Certified Residential Specialist

Always curious as to what's happening out there in the Aloha state!

Sep 07, 2013 09:43 AM
LUVA Real Estate
Sales and Management - Luxury Vacation Rentals - Concierge Services - Kailua-Kona, HI
The Personalized Service You Deserve!

thank you for your comment on the west Hawaii Real Estate market.

John 

Sep 07, 2013 01:50 PM

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