Real Estate
Market Update – June 2025
Momentum is building on the Big Island, with single-family home sales reaching their highest level in a year. Median prices held steady at $1.08 million in West Hawaii and reached a new high of $465,000 in East Hawaii in June. With days on market dropping from 49 to just 28, buyers are starting to get active again, especially at the lower price points. As that inventory gets absorbed, it is likely to shift attention toward higher-priced properties. Condos, on the other hand, continue to be a mixed bag, with sales slightly lower and wide fluctuations in median sales prices. As we move into the second half of the year, now is a great time to make a plan and take action, whether you are a buyer or a seller. For those looking to stay put, Hawaii's real estate market has a long history of appreciation.
Brief Overview:
Island of Hawaii Unit Sales Stats for June 2025 VS. June 2024
TOTAL SALES
Single Family Homes – Total sales of 184 single family homes marks an increase of 15% in comparison to June 2024.
Condos – 43 total ...
Market Update – May 2025
The Big Island real estate market maintained its current sales pace in May. However, an increase in single-family home sales at lower price points, combined with a slowdown in sales above one million dollars, pulled median prices down. Unexpectedly, the condo market set a new record for median sales prices, reaching $837,500, driven by a wave of luxury sales in Mauna Kea, Mauna Lani, and Keauhou. Overall, buyers continue to have the upper hand, but sellers with well-priced and well-presented properties are still going into escrow quickly.
Brief Overview:
Island of Hawaii Unit Sales Stats for May 2025 VS. May 2024
TOTAL SALES
Single Family Homes – Total sales of 170 single family homes marks a decrease of 7% in comparison to May 2024.
Condos – 46 total sold - down 39% from 2024 sales.
Land – 144 total sales of land offerings representing a decrease of 20% when compared against 2024 sales for May.
NEW LISTINGS
Single Family Homes – 196 new listings for May 2025. Down 3% from previous year.
Condominiums – 4...
Market Update – April 2025
The recent sales bump heading into the spring selling season was short-lived, as both total sales and median prices retreated in April. Many potential buyers stepped to the sidelines amid uncertainty surrounding tariffs, the broader economy, and a softening housing market. The market is currently divided into three distinct segments: properties priced below $1 million, those above $1 million, and the condo sector-each showing different levels of activity and buyer demand. Similar conditions are expected to persist in the near term. However, with some increased economic clarity and relief in mortgage interest rates, the market could rebound quickly.
Brief Overview:
Island of Hawaii Unit Sales Stats for April 2025 VS. April 2024
TOTAL SALES
Single Family Homes – Total sales of 149 single family homes marks a decrease of 18% in comparison to April 2024.
Condos – 47 total sold - down 40% from 2024 sales.
Land – 158 total sales of land offerings representing a decrease of 9% when compared against 2024 sales for April.
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Market Update – March 2025
Property sales rose in March, showing strong momentum as we head into spring. Single-family homes reached new highs, with a blended median sales price of $635,000. Regionally, West Hawaii led the way with a median of $1,260,000, while East Hawaii came in at $455,000. While the condo market has faced challenges in recent months, it's beginning to show signs of recovery, especially in complexes with limited inventory. In complexes where inventory remains high, patient sellers may benefit from waiting, as current conditions could lead to longer days on the market and lower sale prices.
Brief Overview:
Island of Hawaii Unit Sales Stats for March 2025 VS. March 2024
TOTAL SALES
Single Family Homes – Total sales of 179 single family homes marks an increase of 17% in comparison to March 2024.
Condos – 51 total sold - down 12% from 2024 sales.
Land – 158 total sales of land offerings representing a decrease of 11% when compared against 2024 sales for March.
NEW LISTINGS
Single Family Homes – 224 new listings for March ...
