Kona Kohala Blog

It's Aloha Friday here in North Kona where we're still seeing an upward trend in real estate sales.  Year to date we've seen a 93.22% increase in the number of Single Family Residences (SFR's) sold and a 98% increase in the number of condos sold.  In South Kohala the number of SFR's is down just <2.17%>, a big improvement over last year at this time and condos are up 113.64% in the village and the resorts.

Prices continue to decline luring in more buyers.  In North Kona the median price for a SFR is down <15.27%> to $394,000.  Condos are down <20.57%> to $250,000.  In South Kohala the median price of a SFR is down <8.75%> to $360,000 and condos are down <20.3%> to $430,000.  As prices come down more buyers are entering the market and today's buyers are generally qualified and motivated to buy.  Whereas last year we were looking at "tire kickers" this year we're seeing buyers as reflected in the increasing number of pending sales as compared to the active listings.

It's a great time to buy real estate if you can afford it.  Having a second home or an investment property in Hawaii is more affordable than it has been in a long, long time.  If you're interested in property here, contact me by email or call me at 808-896-0661 to discuss how owning property here could fit into your life.