Kona Kohala Blog

Sales of both Single Family Residences (SFR's) and condos have improved in both South Kohala and North Kona while median price is also headed up by as much as 40% for condos in South Kohala.

Looking at the figures for Year to Date sales, South Kohala SFR's have improved by 34% and condos are up 40%.  In North Kona, SFR sales are up 7.1% and condos are up just 1.6%.  These numbers get stood on their heads when looking at just the month of July keeping in mind there are still 3 more days remaining for recording of sales and 5 days left for the reporting of these numbers.  For July the number of sales for SFR's in South Kohala are off by <18.8%> and condos are down <16.7%>.  In North Kona SFR's are up 8.7% for sales but condos are down <21.7%>.

Median price has dropped across the board in Year to Date figures.  In South Kohala both SFR's and condos are down slightly for the year but monthly, both show slight increases in price.  SFR's are at $370,000 which is up 2.1% and condos are at $425,000, up 6.4% over July of 2010.

In North Kona, SFR's are priced at $390,000 year to date figures which is off by <5.6%> compared to last years figures.  For just July the median price is $359,000 for SFR's and a lowly $132,000 for condos and that's down <40%> from July of 2010.  Looking at the Year to Date median price and North Kona condos are off <25.6%>.

There is still a lot of change happening in the market place here in West Hawaii and it's unclear which way it's headed.  It's always best to buy when you're ready and able and this wacky market is no different.