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… Read More »

Lissette and I went to dinner with friends at Merriman’s restaurant in Waimea on Sunday evening. We had no idea, like anyone else, what was brewing inside the world’s largest and most active volcano, Mauna Loa. We awoke to text messages from friends and family members across the globe asking if we were okay on… Read More »

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… Read More »

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… Read More »

The Big Island real estate market is following national and statewide trends as sales activity decreased 25% year over year with only a slight increase from August (243) to August (257). Other key indicators including median sales prices remained relatively flat as both buyers and sellers continue to let the macro economic market conditions play… Read More »

Buyers are regaining control on the Big Island as median sales prices continued their decline from recent highs while days on market increases. Since July 1st, of the 678 combined single-family homes and condos listed for sale, 21.6% have seen a price reduction. Properties that are priced accordingly and present well are continuing to sell… Read More »

View the 2nd quarter Market Summary for 2022 ↓ Click Here ↓

Overall market activity on the Big Island is showing signs of slowing as total sales declined -12% for single-family homes and -22% for condos year over year. Even though sales are down, prices remain near recent highs as competitively priced properties continue to sell quickly. Given the Big Island’s vast size and geographic diversity, it… Read More »

Year to date, the Big Island real estate market has remained very consistent with little fluctuation in total sales, median sales price and days on market. Island-wide, the median sales price for condos ($567K) surpassed single-family homes ($523K) in May 2022, with a 26% increase in price compared to this time last year, and with… Read More »

My swim coach, Dave Prutow and friend Rachel dive together frequently and capture amazing sea life in action. Check out this video and article regarding Dave untangling a juvenile, white tip reef shark from the reef. It had been hooked by typical fishing gear that subsequently wrapped itself and the shark around the coral. As… Read More »