Ken Anderson's
Exclusive West Side Real Estate Market Digest
Published Monthly
Data From Hawaii Information Service
The Big Picture Market Snapshot displays the market data in North and South Kona by property type. The three categories of data are Units Sold, Sales Volume and Median Sales Price. These statistics provide a year over year snapshot of current market conditions in comparison to the data at exactly the same time last year. It would be my pleasure to discuss the market conditions or indicators in more detail by phone or email. Contact me anytime. Mahalo Nui Loa, Ken Anderson, Broker REALTOR®
PDF Version Click Here: June 30 West Side Market Digest - North Kona & South Kona Districts
| Units Sold as of June 30, 2008 | ||||||
| Type | 2007 | 2008 | Difference | Percent | Indicator | |
| North | Residential | 255 | 148 | <77> | <34.22%> | ▼ |
| Kona | Vacant Land | 39 | 32 | <7> | <17.95%> | ▼ |
| Condominium | 142 | 106 | <36> | <25.35%> | ▼ | |
| South | Residential | 29 | 20 | <9> | <31.03%> | ▼ |
| Kona | Vacant Land | 46 | 28 | <18> | <39.13%> | ▼ |
| Condominium | 2 | No Sales | <2> | ▼▲ | ||
| Sales Volume as of June 30, 2008 | ||||||
| Type | 2007 | 2008 | Difference | Percent | Indicator | |
| North | Residential | 209,347,548 | 137,260,664 | <72,086,884> | <34.43%> | ▼ |
| Kona | Vacant Land | 47,328,900 | 30,275,500 | <17,053,400> | <36.03%> | ▼ |
| Condominium | 61,836,278 | 42,058,856 | <19,777,422> | <31.98%> | ▼ | |
| South | Residential | 17,653 | 11,693,058 | <5,960.081> | <33.76%> | ▼ |
| Kona | Vacant Land | 29,676,170 | 12,993,220 | <16,682,950> | <56.22%> | ▼ |
| Condominium | 490,000 | No Sales | <490,000> | ▼▲ | ||
| Median Sales Price as of June 30, 2008 | ||||||
| Type | 2007 | 2008 | Difference | Percent | Indicator | |
| North | Residential | 604,040 | 552,500 | <51,540> | <8.53%> | ▼ |
| Kona | Vacant Land | 430,000 | 297,500 | <132,500> | <30.81%> | ▼ |
| Condominium | 389,000 | 370,000 | <19,000> | <4.88%> | ▼ | |
| South | Residential | 525,000 | 502,500 | <22,500> | <4.29%> | ▼ |
| Kona | Vacant Land | 275,000 | 277,500 | 2,500 | 0.91% | ▲ |
| Condominium | 245,000 | No Sales | <245,000> | ▼▲ | ||
Stacked up against 2007, median sales prices showed a sharp decline in nearly every district and property type, except for vacant land in South Kona. Hit hardest year over year were vacant land prices in North Kona, followed by single family residential in Nouth Kona. Coming in with the third largest median sales price decline were condominium prices in North Kona as well. Overall, the market slump continues and buyers remain firmly in the drivers seat.
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