KE Team Hawaii Real Estate Blog: Kailua-Kona Market Trends & Insights
Category
63 posts in Market Update
KONA MARKET UPDATE – JANUARY 2023
Aloha, Single Family homes The 2022 end-of-the-year median price was $1.075M, almost 16% higher than the prior year. The inventory increased significantly, but it is still less than 60% of the pre-pandemic level. 469 homes sold in 2022, 31% fewer than in 2021. There is 3.9 months’ worth of supply, up from 3.7 months. A […]
Kona Market Update – November 2022
Aloha, Single Family Homes The median price went up from last month as well as YTD median price. The YTD number of closed sales is down about 30%. The inventory is unchanged from last month. Of the 101 homes on the market, 13 are yet to be built homes. The monthly supply is now 3.9month. […]
Kona Market Update – January 1, 2022
Happy New Year!! Kona Market Update: January 1, 2022. Single Family Homes: Only six homes are available under $1.5M. The median price is steady, but we are seeing some incredible appreciation in the last few months. 685 homes sold in 2021, which is 12.3% more than 2020. Condominiums: 641 units sold in 2021 which is […]
Kona Market Update – October 2022
Aloha! Here are the October updates. CONDOS コンドミニアム The median price of Condominium went down slightly this month. The first drop since March 2021. The number of Pending Sales is down; however, the absorption rate is at an amazing 73.7%, which translates to only 1.36 months worth of inventory. The inventory level is still at about […]
Kona Market Update
The median of single-family homes, which surpassed $1M for the first time in history, is still holding at $1.1M, contrary to expectations. Unprecedented inventory shortage still continues with only 44 homes for sale. Naturally, the number of transactions is down from last year due to the lack of inventory. There were only 8 homes for […]
Kona Market Update – March 2022
Aloha, Here is what is happening in Kona, Hawaii. The median price of condos is +13.5% of last year. As the single family home market, this is the lowest level of inventory. The pace of sales is slower than last year due to extremely low inventory. The absorption rate is less than one month, meaning […]
Kona Market Update : February 2022
Aloha! Here is an update on Single Family Home market as of February 1, 2022. The median price surpassed the $1M mark for the first time in history. $1.1M median price is higher than the median price in Oahu( Honolulu, $1.05M)! We knew this will happen with how Kona’s popularity has been rising. The inventory […]