| MLS Sales Statistics | ||||||||||
| Median Sales Price | ||||||||||
| 2,799,170 | 1,612,472 | <1,186,698> | <42.39%> | 2,799,170 | 1,612,472 | <1,186,698> | <42.39%> | |||
| MONTH OF | # | % | YEAR | # | % | |||||
| Big | January | Increase / | Increase / | TO DATE | Increase / | Increase / | ||||
| Island | 2007 | 2008 | <Decrease> | <Decrease> | 2007 | 2008 | <Decrease> | <Decrease> | ||
| ENTIRE | Residential | 405,000 | 330,000 | <75,000> | <18.52%> | 405,000 | 330,000 | <75,000> | <18.52%> | |
| Vacant Land | 55,000 | 44,250 | <10,750> | <19.55%> | 55,000 | 44,250 | <10,750> | <19.55%> | ||
| Commercial | 1,475,000 | 787,500 | <687,500> | <46.61%> | 1,475,000 | 787,500 | <687,500> | <46.61%> | ||
| Condominium | 399,170 | 450,722 | 51,552 | 12.91% | 399,170 | 450,722 | 51,552 | 12.91% | ||
| Business | 465,000 | 0 | <465,000> | <100.00%> | 465,000 | 0 | <465,000> | <100.00%> | ||
| PUNA | Residential | 257,000 | 236,000 | <21,000> | <8.17%> | 257,000 | 236,000 | <21,000> | <8.17%> | |
| Vacant Land | 41,500 | 33,450 | <8,050> | <19.40%> | 41,500 | 33,450 | <8,050> | <19.40%> | ||
| Commercial | 0 | 787,500 | 787,500 | 0.00% | 0 | 787,500 | 787,500 | 0.00% | ||
| Condominium | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Business | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| SOUTH HILO | Residential | 420,000 | 262,500 | <157,500> | <37.50%> | 420,000 | 262,500 | <157,500> | <37.50%> | |
| Vacant Land | 189,500 | 240,000 | 50,500 | 26.65% | 189,500 | 240,000 | 50,500 | 26.65% | ||
| Commercial | 300,000 | 0 | <300,000> | <100.00%> | 300,000 | 0 | <300,000> | <100.00%> | ||
| Condominium | 44,900 | 155,000 | 110,100 | 245.21% | 44,900 | 155,000 | 110,100 | 245.21% | ||
| Business | 775,000 | 0 | <775,000> | <100.00%> | 775,000 | 0 | <775,000> | <100.00%> | ||
| NORTH HILO | Residential | 0 | 730,000 | 730,000 | 0.00% | 0 | 730,000 | 730,000 | 0.00% | |
| Vacant Land | 317,500 | 300,000 | <17,500> | <5.51%> | 317,500 | 300,000 | <17,500> | <5.51%> | ||
| Commercial | 2,650,000 | 0 | <2,650,000> | <100.00%> | 2,650,000 | 0 | <2,650,000> | <100.00%> | ||
| Condominium | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Business | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| HAMAKUA | Residential | 460,000 | 0 | <460,000> | <100.00%> | 460,000 | 0 | <460,000> | <100.00%> | |
| Vacant Land | 1,300,000 | 0 | <1,300,000> | <100.00%> | 1,300,000 | 0 | <1,300,000> | <100.00%> | ||
| Commercial | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Condominium | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Business | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| NORTH KOHALA | Residential | 682,500 | 1,067,500 | 385,000 | 56.41% | 682,500 | 1,067,500 | 385,000 | 56.41% | |
| Vacant Land | 1,300,000 | 0 | <1,300,000> | <100.00%> | 1,300,000 | 0 | <1,300,000> | <100.00%> | ||
| Commercial | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Condominium | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Business | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| SOUTH KOHALA | Residential | 520,000 | 510,000 | <10,000> | <1.92%> | 520,000 | 510,000 | <10,000> | <1.92%> | |
| Vacant Land | 480,000 | 375,000 | <105,000> | <21.88%> | 480,000 | 375,000 | <105,000> | <21.88%> | ||
| Commercial | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Condominium | 699,000 | 502,500 | <196,500> | <28.11%> | 699,000 | 502,500 | <196,500> | <28.11%> | ||
| Business | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| NORTH KONA | Residential | 610,000 | 595,000 | <15,000> | <2.46%> | 610,000 | 595,000 | <15,000> | <2.46%> | |
| Vacant Land | 549,000 | 282,500 | <266,500> | <48.54%> | 549,000 | 282,500 | <266,500> | <48.54%> | ||
| Commercial | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Condominium | 360,943 | 425,000 | 64,057 | 17.75% | 360,943 | 425,000 | 64,057 | 17.75% | ||
| Business | 155,000 | 0 | <155,000> | <100.00%> | 155,000 | 0 | <155,000> | <100.00%> | ||
| SOUTH KONA | Residential | 525,000 | 540,500 | 15,500 | 2.95% | 525,000 | 540,500 | 15,500 | 2.95% | |
| Vacant Land | 300,000 | 765,000 | 465,000 | 155.00% | 300,000 | 765,000 | 465,000 | 155.00% | ||
| Commercial | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Condominium | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Business | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| KA'U | Residential | 229,000 | 255,000 | 26,000 | 11.35% | 229,000 | 255,000 | 26,000 | 11.35% | |
| Vacant Land | 28,000 | 45,000 | 17,000 | 60.71% | 28,000 | 45,000 | 17,000 | 60.71% | ||
| Commercial | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Condominium | 310,000 | 0 | <310,000> | <100.00%> | 310,000 | 0 | <310,000> | <100.00%> | ||
| Business | 0 | 0 | 0 | 0 | 0 | 0 | ||||
There is a lot more to this than meets the eye, so please feel free to give me a call, and we can discuss these figures and your future in the Hawaii Real Estate Market.
Aloha, and have a great day
Lance Owens (RS)
(808) 936-8383
Aloha Kona Realty Inc.
78-6740 Alii Drive
Posted Tuesday Feb 12
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Hi Lance, because I was raised in Hawaii, and most recently moved from Hilo in October of 2006 (I was controller for the Lex Brodie's stores) I couldn't help but notice KONA when perusing the blogs this morning. Very nice report. It's nice to see what's going on 'over there.' I visited Hilo on February 1st of this year as I was attending the CRS Sell-A-Bration 2008 convention, and my former boss (Chuck Porter) flew me over for a visit. Got out right before the deluge that made the papers. Check out my blogging website: Bucking the Real Estate Trend.
I'm quite enamored with the beautiful mountains of Western North Carolina!