Kona Kohala Blog

Believe it or not we actually have a seller's market in the north end of the North Kona District of the big island.  If we look at the Single Family Residences priced to $499,999 in Section 3 of Zone 7 which includes Kona Palisades, Koloko Mauka, Wonderview, and surrounding areas, we find 106 sales within the last 12 months.  There are currently 52 listed for sale which means there is a 5.89 month supply of homes on the market.  A six month supply is considered a balanced market and anything less than that is considered a seller's market while anything more is considered a buyer's market, what we've had for the past few years.

In the Keauhou area, Section 8 of Zone 7 of Hawaii Island, there are only 37 homes listed for sale with 19 under the one million dollar mark and 18 over.  There have been 12 listings sold under $1M in the last 12 months and only 7 over $1M.  This is giving us a strong  buyer's market in the area with a 23.4 month supply of homes in all price ranges.  If we look at just the SFR's over $1M with 7 sold and 18 for sale, we get a 30.9 month supply, a marked difference from the 5.89 month supply in Section 3.

Since the market began picking up in July of 2009 we've watched the lowest priced properties sell and that trend is continuing today.