Kona Kohala Blog

As we near the end of July, sales figures are not encouraging for sellers but should be of interest to buyers, there are some deals out there and some sellers willing to negotiate.

In North Kona the number of sales of Single Family Residences (SFR's) is down 24% for July and 20% year to date.  Condos are down 59% for July and 41.76% year to date.  Median price for a SFR is $604,040 and condos are at $391,950.  With interest rates taking a dip recently, housing is coming back into the realm of reasonable.

In South Kohala which consists of both the higher priced Waikoloa Beach Resort and the more reasonably priced Waikoloa Village, median price for a SFR is $550,000 and condos, $855,000.  Don't let that price scare you away, it's high number is because of the many more expensive condos on the market in the Waikoloa Beach Resort where development has been rampant.

For a complete update of West Hawaii real estate please email me at Ferrari.RealEstate@gmail.com and I'll put you on our mailing list.  aloha