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Market Update – October 2023

It’s a tale of two markets. In October, single-family homes displayed strength, with median prices nearing record levels at $550,000 and a significant decline in days on the market to just 22 days. Conversely, the Big Island’s condo market is showing signs of weakness. Prices have fallen for the third consecutive month, and properties are… Read More »

Market Update – September 2023

Much remains unchanged in the Big Island’s overall real estate market for September 2023, with tighter market conditions continuing to prevail. Year-over-year, median prices for both single-family homes and condos remained flat, with properties taking slightly longer to sell. A lack of new inventory for sale will continue to favor sellers. Brief Overview: Island of… Read More »

Market Update – August 2023

Recent market conditions prevailed in August, with key indicators remaining relatively unchanged throughout the summer. As mortgage interest rates continue to rise above 7%, softer demand may be on the horizon. However, properties priced at or below the median sales prices for condos and single-family homes still sell quickly and often above the asking price.… Read More »

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 »

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