The Big Island real estate market is finding its footing at pre-pandemic demand levels as median days on the market and total sales return to 2018-2020 ranges. Two consecutive months of increased sales activity are in line with previously established seasonality trends of higher sales activity in the summer months. A deeper dive into prices shows strong demand for West Hawaii with median prices for single-family homes holding the $1 million mark and a slight softening for East Hawaii with median prices at $350K. Brief Overview: Island of Hawaii Unit Sales Stats for April 2023 VS. April 2022 TOTAL SALES Single Family Homes – Total sales of 160 single family homes marks a decrease of 33% units in comparison to April 2022. Condos – 60 total sold - down 31% from 2022 numbers. Land – 164 total sales of land offerings representing a decrease of 37% when compared against 2022 sales for April. NEW LISTINGS Single Family Homes – 158 new for April 2023. Down 48%.                                      ...

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Fairways at Mauna Lani 68-1125 N. Kaniku Dr. #402 Kamuela, HI 96743 • Bedrooms: 3 • Bathrooms: 2.5 • Total Sq Ft: 1,933 • One Car Garage • Two Story Priced at $1,599,000 MLS: 702104 Download Brochure (PDF) Fairways 402 is nestled along the 4th Fairway of the North Course, allowing the ultimate privacy with no rear neighbors other than Kiawe tree-filtered views of the green fairways. The 3-Bedroom plan offers a main-level master suite with views to the golf course and beyond. The main level living areas feature a powder room, spacious kitchen, and large living room. The Kitchen and living room enjoy views of the golf course and allow you to walk out to the lanai, outdoor kitchen, and BBQ.  There is an attached single-car garage of approx. 271 SF with a storage closet. An inventory and exclusion list will detail furnishings offered as part of the sale. The Mauna Lani Fairways include many amenities like a large, free-form pool, waterfall, heated spa, children's pool, an ente...

Filed under: Kohala Coast Luxury Resorts, New Listings, Real Estate by Rick Oliver
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Median sales prices for single-family homes on the Big Island established a new record high at $558,000 in March, led primarily by the island's west side (Kona and Kohala}. While the overall market showed signs of finding a bottom with regard to sales activity, days on market continue to increase as housing affordability and a perpetual lack of homes for sale put pressure on buyers and sellers alike. Brief Overview: Island of Hawaii Unit Sales Stats for March 2023 VS. March 2022 TOTAL SALES Single Family Homes – Total sales of 160 single family homes marks a decrease of 43% units in comparison to March 2022. Condos – 57 total sold - down 31% from 2022 numbers. Land – 207 total sales of land offerings representing a decrease of 35% when compared against 2022 sales for March. NEW LISTINGS Single Family Homes – 188 new for March 2023. Condos – 44 units in March 2023. Single Family Homes Specific Stats: Median Sales Price: $558,000 in March 2023. An increase of 8% over median prices from March 2022. Days...

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The Big Island real estate market ended February as a mixed bag. Residential home sales hit 10-year lows with only 127 closed transactions as properties are now taking three times longer to sell (41 days) compared to the same time last year (12 days). Condos on the other hand have seen an uptick in sales activity with units going into escrow in just 14 days. When reviewing Big Island market stats be sure to consider neighborhood-specific stats as the overall median price for a single-family home is $460K, while a more detailed view reflects median prices of $899K in Kona and $465K in Hilo. Brief Overview: Island of Hawaii Unit Sales Stats for February 2023 VS. February 2022 TOTAL SALES Single Family Homes – Total sales of 127 single family homes marks a decrease of 44% units in comparison to February 2022. Condos – 48 total sold - down 44% from 2022 numbers. Land – 114 total sales of land offerings representing a decrease of 46% when compared against 2022 sales for February. NEW LISTINGS Single Family Homes – 147...

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The Big Island real estate market is approaching a crossroads-total sales for single-family homes and condos approached 1 0-year lows with just 7 more sales in January 2023 compared to the low of 162 sales  in May 2019. With so little inventory for sale, median prices have continued to stay within the range of recent highs. With both buyers and sellers at a standstill, days on market have continued to climb month after month reaching 35 days in January up from just 13 days in July of last year. Brief Overview: Island of Hawaii Unit Sales Stats for January 2023 VS. January 2022 TOTAL SALES Single Family Homes – Total sales of 134 single family homes marks a decrease of 39% units in comparison to January 2022. Condos – 35 total sold - down 49% from 2022 numbers. Land – 105 total sales of land offerings representing a decrease of 55% when compared against 2022 sales for January. NEW LISTINGS Single Family Homes – 178 new listings representing 35% fewer new home listings over January 2022. Condos – 54 units in ...

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Much like Mauna Loa, the Big Island real estate market has gone quiet in December. Compared to the same month last year, total sales are down -50% for single-family homes and -55% for condos island wide. Even with sales activity down, median prices are holding steady in part to a lack of inventory for sale. If you plan to buy or sell property on the Big Island, understanding the nuances of each market area is critical as demand and desirability factors can vary greatly from one market area to another. Brief Overview: Island of Hawaii Unit Sales Stats for December 2022 VS. December 2021 TOTAL SALES Single Family Homes – Total sales of 147 single family homes marks a decrease of 50% units in comparison to December 2021. Condos –38 total sold - down 55% from 2021 numbers. Land – 131 total sales of land offerings representing a decrease of 43% when compared against 2021 sales for December. NEW LISTINGS Single Family Homes – 156 new listings. Condos – 58 units in December 2022 Single Family Homes Specific Stats:...

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We just sold lot 2.  Lots 3,4,14,19,20, and 22 remain for sale. These lot offerings are great values and are rare residential lots to build your resort Dream Home. Lots 3 requires a 2-story home to meet the minimum square footage within the resort. Lots 14 and 22 have fully developed, single-level plans, including engineering and landscape plans that will expedite the build process by years. These two lots have been submitted for County Building permits which could be issued in the coming months. Nohea is a 15-acre community featuring a recreation center conveniently located within the resort, very near the Mauna Lani Bay Hotel and Bungalows. The recreation includes its saltwater pool, BBQ pavilions, and exercise hale with Life Fitness equipment. Owners and guests can use the owner's hale for parties and events anytime. Nohea is pet-friendly and allows vacation rentals of 4 nights or more. Coupled with Nohea's beautiful recreation center and exercise hale, the community is second to none within the Mauna Lani Resort and Kohala ...

Filed under: Real Estate, Significant Sales by Rick Oliver
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While some may speculate the recent volcanic activity of Mauna Loa is influencing the Big Island's housing market, longer view trends are showing a sustained slowdown since the peak of last year's housing craze (02/2021) and the increase in rising mortgage interest rates (01/2022). Year-over-year, there were 96 less homes for sale (-29%) as sales activity returned to pre-pandemic ranges. Most notably, median days on market for single-family homes have been consistently going up from a recent low of 11 days in June to 37 days in November.  Brief Overview: Island of Hawaii Unit Sales Stats for November 2022 VS. November 2021 TOTAL SALES Single Family Homes – Total sales of 170 single family homes marks a decrease of 26% units in comparison to November 2021. Condos –30 total sold - down 59% from 2021 numbers. Land – 119 total sales of land offerings representing a decrease of 48% when compared against 2021 sales for November. NEW LISTINGS Single Family Homes – 177 new listings. Condos – 56 units in November 2022...

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As summer comes to an end the Big Island real estate market continues to cool as sales activity returns to pre-pandemic levels. Even though the total number of transactions were down 30% year over year, median sales price remained flat. With interest rates nearing 7%, buyers are not particularly motivated to purchase while sellers who locked in 2.75% - 3.5% mortgages or paid cash are even more unlikely to sell anytime soon. Brief Overview: Island of Hawaii Unit Sales Stats for October 2022 VS. October 2021 TOTAL SALES Single Family Homes – Total sales of 180 single family homes marks a decrease of 31% units in comparison to October 2021. Condos – 46 total sold is down 44% from previous 2021 numbers. Land – 179 total sales of land offerings representing a decrease of 24% when compared against 2021 sales for October NEW LISTINGS Single Family Homes – 201 new listings. Condos – 45 units in October 2022 Single Family Homes Specific Stats: Median Sales Price: $510,000 in October 2022. An increase of 6% over me...

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Sales on the Big Island have certainly slowed as there were only 244 total single-family home and condo sales in September 2022, down 47% from the peak of 456 combined sales in March 2021. Prior to the pandemic, total sales activity ranged from 200-260 sales per month, so the current decline is in line with normal levels. Even though properties are taking nearly two weeks longer to sell, prices are holding strong. Brief Overview: Island of Hawaii Unit Sales Stats for September 2022 VS. September 2021 TOTAL SALES Single Family Homes – Total sales of 198 single family homes marks a decrease of 27% units in comparison to September 2021. Condos – Down 44% in sales. 46 total sold. Land – 172 total sales of land offerings representing a decrease of 28% when compared against 2021 sales for September NEW LISTINGS Single Family Homes – 213 units with a 21% decrease over previous 2021 period. Condos – Down 45% for new listings. 44 units in 2022 Single Family Homes Specific Stats: Median Sales Price: $538,000 in Sep...

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