Big Island

Confusion to Da Max! Market Update for East Hawai`i Island

Pictured home: 941 Kupulau Rd, Hilo HI 96720

Maybe, maybe not! No matter how you look at it, the chart shows some pretty interesting information. It’s hard to wrap your head around the fact that the median price of a home in Hilo is hovering around $550,000. It’s even more astonishing that the median price of homes under contract in Hilo and HPP are so close.

east hawaii real estate statistics chart

Return to Lealani Estates

Put your finger on the median price of a home in Ainaloa, go left and consider where this number was a year ago! As prices trend up in Ainaloa, budget-minded buyers are looking in Nanawale and guess where else…Leilani Estates, which is actually out performing Nanawale.

Just four short years ago we all felt the rumble that signaled mounds of lava about to cover much of this beautiful neighborhood (and Kapoho, of course). You can actually stand in the yards of some Leilani streets and look at three stories of lava. Despite the fact that insurance is scarce and much more expensive, buyers still love Leilani. For this reason, I will once again start tracking this area.

Sales Continue to Soar

As predicted, inventory is causing constraints in sales numbers…prices, not so much. Not even rising interest rates have suppressed demand. Come to think of it, neither has gas trending over $5 per gallon as witnessed by the total lack of inventory at Volcano Golf and Country Club. Homes in that area continue to be snapped up. The re-opening of the picturesque golf course will only encourage buyers to consider the area.

Remember, to calculate the number of active listings, combine the number under contract with active listings. This total is a bit misleading because most homes under contract will actually move to close. Most telling in the under contract category is the median price. With most homes selling at or above asking, the under contract number indicates that prices  will continue to trend up. Even areas where prices decreased last quarter (see previous report) over this, decreases likely lie squarely on lack of inventory.


It’s a lot to take in for sure. Feel free to contact any member of Hawai`i Life – Team Nakanishi for a more detailed discussion. Don’t see your neighborhood here? Just let me know and I’ll set you up for complete and tailored information on any neighborhood on Hawai`i Island! Even with masks off and things feeling closer to normal, life in the real estate world continues to evolve.

About the Author

Denise Nakanishi

Denise Nakanishi is a REALTOR Broker with Hawai'i Life. Denise Nakanishi is one of Hilo's most acclaimed real estate agents. She reached the rank of Major in the US Army and is now known by many as "Major Mom." The nickname fits–not only does Denise bring the discipline and mission-oriented attitude you'd expect, she's also caring and compassionate, always looking out for her clients like they're her own family. Having made the Big Island her home since 1987, Denise combines her extensive knowledge of the area with a sharp focus on customer service and the results speak for themselves. She's the recent recipient of the Best East Hawai`i, Best of Zillow, Chairman's Circle Award, President's Circle, Top Producing Agent since 2001, and Realtor of the Year awards. Denise stays ahead of the curve because she's passionate about education–she served as Education Chair for Hawaii Island REALTORS® for many years. She's one of Big Island's best real estate resources, known for her weekly article in the Hawaii Tribune Herald. Denise leads Team Nakanishi for Hawai`i Life, who is committed to their family, work, and community. In her little time away from work, Denise is a committed runner and Grandy. She also devotes many hours to various Veterans' Organizations, the East Hawaii Cultural Center, and the Hawaii Island REALTORS®. You can email me at or via phone at (808) 936-5100.

Comments (0) Show CommentsHide Comments (Remember)

Cool. Add your comment...

Your email address will not be published. Required fields are marked *

Leave your opinion here. Please be nice. Your Email address will be kept private, this form is secure and we never spam you.

More Articles from Hawaii Life