Kona Kohala Blog

The inventory of active listings in both North Kona and South Kohala is rising as distressed properties continue to make their way into the market place.

Prices have been declining across the country and Hawaii is following suit with median price continuing to drop with the exception of North Kona SFR's which rose 0.65% in February, to date.  Most of the inventory remains in the lower reaches of the price range where most activity is taking place.

Even in the resort destinations of South Kohala we see a large proportion of the listings in the lower end with a few bumps in the one million to two million dollar price pockets.

We can expect activity to continue to improve as prices continue to decline although some buyers are waiting and wondering, "When will it end?"  Sometimes it's best not to try to time the market but rather just jump in when your budget tells you to.