2019-Big Island Year End Real Estate Summary
Welcome to my year end 2019 summary of real estate news and trends for my December blog and newsletter readers. The good news is...it’s all good news! Properties in all categories are selling well along the Kohala Coast especially condominiums. The least expensive condominium units with the most bedrooms are the “hot ticket” in all resorts. Land and developed lots continue to be great buys if you have the time and patience for the building process. Single family homes are the next best bargain per square foot but an overall more expensive option to condominiums mainly because of their larger size. Most of my comments and analysis concern the Kohala Coast Resorts and not the north Kona Resorts and communities such as Kohanaiki, Kukio and Hualalai.
The Kohala Coast resort market for condominiums +/- $1m is really good with an average days on market of less than 90 days if the unit is priced no higher than a few percentage points beyond the sold price of the last, best comparable unit. Price and condition are “99%...
