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
And as always, dont forget to register on our "Homes By Email"
Comments (1)Subscribe to CommentsComment