Big Island Real Estate Statistics – June 2009

Big Island Real Estate Market Snapshot

Year-to-Year Comparison (June 2009 vs June 2008)

• 200 Real Estate Sales took place on the Big Island in June, a 30% decrease from 260 sales in June of 2008.
• There were 96 residential sales (a 12% decrease), 77 land sales (34% decrease), 1 commercial property sold (50% decrease), 26 condominiums sold (19% decrease), and 0 businesses sold (100% decrease).
• Total Sales Volume was $67,526,250, a 17% decrease compared to June of 2008. However, residential sales volume was $51,454,500, an 18% increase. Condominium sales volume was $9,884,000, a 21% decrease.
• The Median Sale Price of residential properties on the Big Island was $294,000, an 11% decrease from 2008.  Condominium prices declined 3% to $310,500.

Year-To-Date Comparison (January – June 2009 vs January – June 2008)

• 1,111 Real Estate Sales took place on the Big Island from January through June of 2009, a 27% decrease from this same time period last year.
• There were 523 residential sales (a 17% decrease), 447 land sales (33% decrease), 4 commercial properties sold (75% decrease), 133 condominiums sold (38% decrease), and 4 business sales (50% decrease).
• Total Sales Volume was $352,236,774, a 41% decrease compared to 2008. Residential sales volume was $218,631,309, a 36% decrease. Condominium sales volume was 59,933,416, a 53% decrease.
• The Median Sale Price of residential properties on the Big Island was $285,000, an 25% decrease from 2008.  Condominium prices declined 35% to $295,000.