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Hows Your Market? West Hawaii Home Sales UP 41%

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Real Estate Agent with Kona Home Team (luva llc) RB-24133

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

 

 

And as always, dont forget to register on our "Homes By Email"

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Posted by

Lance Owens RB-24133
 808.936.8383 

LUVA Real Estate | 75-240 Nani Kailua #8, Kailua Kona, HI 96740   
     REALTOR® / BROKER-IN-CHARGE • Residential homes, Condos, Land, Agricultural/ Equestrian/Large Acreage 
Hawaii Association of REALTORS® (HAR) 
     2025 President | 2023/24 State RPAC Chair
     2023 HARLA Graduate 
National Association of REALTORS® (NAR) 
     2023-25 Director | 2024-25 RPAC Participation Council | Safety Advisory Committee | Region 13 Leadership
NAR Designations
      
AWHD (At Home With Diversity) | PSA ( Pricing Strategy Advisor) 
West Hawaii Association of REALTORS® (WHAR)
     2023 REALTOR® of the Year | 2018/2022 Preside

Comments(1)

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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