August saw a rebound in the Kona market from July’s lower numbers as Median prices and units sold returned to levels more consistent with Year-to-Date levels.
Let’s take a look at the numbers…
General Market (Single-Family & Condo Properties in Kailua-Kona):
July:
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- Units Sold: 61
- Median Sales Price: $730,000
- Average Days on Market: 18
Aug:
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- Units Sold: 85 (39% increase from July)
- Median Sales Price: $800,000 (9.5% increase from July)
- Average Days on Market: 25 (38% increase from July)
Looking Specifically at the Condo Market:
July:
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- Units Sold: 35
- Median Sales Price: $515,000
- Average Days on Market:13
Aug:
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- Units Sold: 46 (31% increase from July)
- Median Sales Price: $604,500 (17% increase from July)
- Average Days on Market: 23 (77% increase from July)
If you’ve been considering Buying on the Big Island, I’d love to connect with you to learn more!
If you own on the Big Island and are curious what your home is worth and/or how to maximize opportunities in this shifting market, I’d love to chat with you as well!
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