June 30 Statistics - Hawaii Island West Side Market Digest

Real Estate Agent with Century 21 All Islands

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.

Comments (2)

Rick Sergison
EXP Realty of Canada Inc., Brokerage - Pickering, ON
Durham Region Real Estate Blog

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Jul 18, 2008 01:32 AM
Lorena Westervelt
Van West Realty - Greenville, SC

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Jul 18, 2008 04:38 AM