The latest data from Hawaii Information Service for North Kona residential market is making history. Only 78 homes on the market price below $4.0M Inventory is at the lowest level for this date since the stats were first reported. Pending sales are strong and probably would be higher if it weren’t for the lack of inventory. Median price for the last 12 months sales is $750,000. This is up an unsustainable 17%.  The current data trend shows several similarities to the peak demand years of 2003 and 2004.  Eventually price rose to peak price in 2006-2007 and the cycle ended.

SEARCH NORTH KONA HOMES

North Kona communities include Kukio, Hualalai Resort, Keauhou Estates, Shores at Kohanaiki, Bay View Estates, Kona Bay Estates, Iolani, Kona Vistas, Sunset View Terrace, Kuikini Heights, Alii Heights, Kona Palisades, Kona Hills, Makalei Estates.

SEARCH SOUTH KONA HOMES

South Kona communities include McCoy Plantation, Kealakekua Bay Estates, Napoopoo, Kiilae Farms, Hokulia, Kona Paradise

SEARCH SOUTH KOHALA HOMES

South Kohala communities include Mauna Kea Resort, Kohala by the Sea, Mauna Lani Resort, Waikoloa Village, Waimea, Waikoloa Berach Resort, Puako.

SEARCH NORTH KOHALA HOMES

North Kohala communities include Kohala Ranch, Puukea, Kapaau, Hawi.

The Hawaii Island  Residential Pending Ratio had rebounded sharply since April and continues to climb thanks to upswing in the East Hawaii Island ratio.  West Hawaii ratio is showing a slight decline this past month.

There are very few distressed properties on the market. There is one new foreclosed listing in Halii Kai offered at $769,600. There are 9 other non foreclosed listings available in Halii Kai for sale.

Click here to view all Waikoloa Beach available real estate.

The Condo stats are showing the effects of lack of tourist traffic.  Year/Year Sales are off ( -19%). The good news is the situation is improving.  There is plenty of inventory to greet the winter buyers. Prices are moving higher again at +5% over last year’s price.

The Land  stats are following the trend of the improved residential market with sharp decline in inventory and conversely Pending Sales improved at a greater rate. Prices are stable in this report after steep increase the previous month.    

The North Kona district Residential Price chart since 1972 is updated with the new 2019 data. This is based on a data pool of similar homes many of which are either new sales or resales over the years.   The total number of sales that make up the data pool is over  7,644 in the 23 subdivisions in the study.  The result shows the 2019  average price was  (plus six percent +6%) or $650,900.     

For more information on the Hawaii island market and properties please contact me today at 808-345-2108. Visit www.SearchHawaiiProperty.com.

Until Next Time A Hui Hou!

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