Kona Kohala Blog

We are flirting with record numbers of homes and condos for sale.  Today, there are 466 Single Family Residences (SFR's) for sale in North Kona and 397 condos.  In Sout Kohala there are 230 SFR's and 351 condos on the market.

The escrow numbers are lagging behind with only 56 SFR's and 26 condos in escrow in North Kona and 32 SFR's and 20 condos in escrow in South Kohala.  To date, just 16 SFR's have sold in N. Kona and 15 in S. Kohala.  Fifteen condos have sold in N. Kona and only 5 in S. Kohala.

The median price for a SFR in N. Kona is $402K, the lowest it's been since about July of 2004.  Condo prices are down to $250K, about the same time frame as SFR's.  In South Kohala, SFR median price is at $379K and condo median, hold on to your hat, $1,375,000.  The reason is that there have only been 5 sales there, all of them in the Waikoloa Beach Resort and Mauna Lani Resort areas.  The least expensive sale was $750K with the rest of them over one million, one at $1,500,000.  Those kinds of numbers will skew any scale.

Now, the good news.  There are 177 condos listed for sale in North Kona under $300K and 7 SFR's.  In South Kohala there are 12 SFR's and 61 condos under $300K.  For first timers and people looking for investment properties, that offers a nice selection to choose from.

Ferrari Pacific Realty just listed a 1 bedroom, 1 bath condo in Kona Mansions V.  This is a complex almost in Kailua town complete with nice pool area and BBQ and plenty of parking.  These are small but very comfortable units and this one has it's own washer and dryer.  For more information on this unit listed at just $120,000, click here.