Blog

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Market Update – July 2023

The real estate market on the Big Island traditionally demonstrates considerable strength during the summer months. This pattern held true for 2023, until a 30% drop in sales from the recent highs of June was observed in July. While year-over-year sales are down 20% across the state and much of the country, median prices are… Read More »

Market Update – June 2023

The real estate market on the Big Island is heating up with summer, as sales activity has seen a continual increase in recent months. With more buyers vying for properties, the median sales price for single-family homes has nearly reached record highs in both West Hawaii, at $1.16 million, and East Hawaii, at $450,000. Across… Read More »

Market Update – 2023 Mid-Year Report

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Market Update – May 2023

The Big Island real estate market was a mixed bag in May. Sales activity for single-family homes showed strong demand, with properties selling 12 days faster than the previous month. However, the days on the market continued to increase for condos, reaching 43 days compared to 33 days for single-family homes. Across the island, the… Read More »

Market Update – April 2023

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… Read More »

FOR SALE – Fairways at Mauna Lani #402

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… Read More »

Market Update – March 2023

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… Read More »

Market Update – February 2023

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… Read More »

Market Update – January 2023

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… Read More »

Market Update – December 2022

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.… Read More »

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