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Hows Your Market? West Hawaii Home Sales UP 41%

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

West Hawaii SFH sales show an increase of 41% over October 2018. Here is a surprise though, Condo sales are off by <11%> . WoW, that surprised me. Hold on, let me go look at 2017 numbers.......

Im back, when comparing to 2017 numbers, we are down 2% , the reason I go back to 2017 is that 2018 had an "event" that brought property sales to screeching standstill, so I typically go back to 2017 for the second half of 2019 . Note though, with our "2108 event" dropping the number of sales, it had little effect on prices, so let's look at median price

Homes: up almost 13% month over month, year to date (YTD) is up 1.29%, when it comes to median price I prefer to use YTD which is $649,000

Condos: Also up almost 13% for month over month, YTD is up just over 6%, so condo prices are holding strong, even with the number of sales being off some.

If you are interest on more in depth reporting on the current market conditions here in West Hawaii, tune in Friday, 4:00 HST for our live facebook report, (pre-register by answering 3 simple questions).

Some may ask, how much home do I get for that median price in Kona ($649k). Here is my featured property, a 3/2 just off of Alii Drive, within 2,000 feet from Magic Sands Beach for $25k less than the median price, and a short walk to the finest beach on Alii Drive

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Lance Owens Realtor, Kailua Kona, Hawaii at Magic Sands Beach
Lance Owens Realtor West hawaii market reports and news November 5 2019



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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

Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

Great market update it is always good to know the latest for our customer's. Thanks for sharing, I hope you have a great afternoon.

Nov 05, 2019 09:39 AM