Kailua Kona, HI Condo Report In: September 2015 Sales

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

Kailua Kona Condominium Report for September 2015 

News for both Buyers and Sellers: October 7, 2015 

MLS sales report shows an increase in the number of condos sold by 4.55% , and a slight decrease in condominium prices YTD .

If you are considering buying a condominium you can still find deals, but having a good real estate agent who understands the market is a must.  If you price it right, it sells right away, sometimes with multiple offers, but if you overprice it, the market is not there,  where buyers are willing to overpay.  To make sure you don't overpay or overprice it, you'll want an agent that does a thorough market analysis of the Kona Condominium Complex, and surrounding area, on which you are making an offer on.

Here is a chart of September 2015 and Year To Date numbers:

 (Big Mahalo's to the team at Old Republic Title Kona for supplying the graphs) 

West Hawaii (Kailua Kona) Real Estate Report Summary

Looking at Condos in that median range $262,000 ($225-$280k) there are 20 properties available. (click on link to view condos) 

Last month  there were 23 available in that price range, so we have a small decrease in available condos. 

High inventory will suggest that Condos are sitting on the market for longer. Low inventory  will drive prices up - as we sit right now, the market is hard to call - numbers up, prices down. My "feet on the ground gut feeling" tells me prices will go up more as our busy season arrives (winter is our busy season)

If I run all condos for sale, they are 193 (up from 176), ranging from $35,000 (LH)  to $5,695,000 (FS).

Note: Above links expire by default after 30 days from this post – sign up for constant updates HERE) or you can email me for a single update also Lance@KonaHomeTeam.com


With that report in, let me leave you with the DEAL OF THE DAY ! 

Bank Priced Short Sale, listed at $145,000, Kailua Village unit 404, 1/1 with ocean views - vacation rentals are allowed and it is near the Kona Pier (Ironman start/finish line) . We expect multiple offers when it is released this week. 



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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 (1)

Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

this looks like a  very complete market report. It is so useful for buyers and sellers in your area who want more information about sales trends. Good job! 

Oct 07, 2015 08:39 PM

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