Real Estate Recovery in Kailua Kona, HI :Home sales for July 2011 up 43% - reviewed with Lance Owens

Real Estate Recovery in Hawaii

Lance Owens, Kailua Kona, HI Realtor, gives a run down on the Hawaii Real Estate Market

Although the month is not officially over yet, Home sales do not take place on weekends, so we can safely report these numbers (Note: MLS rules state you can take as long as 5 days to report a sale – so the numbers may go up slightly)

Let’s take a look at the July 2011 sales report, Number of Homes Sold: UP by 43% over the same 31 days last year.

Year To Date (YTD): I prefer this method over the “knee jerking” excitement that monthly reports create – UP 43/down 14/up 11. Things seem to “spike” up and down more on the monthly’s.

YTD increase is just above a 10% increase - not bad Kona. Just for fun I went back to 2010 vs. 2009 – WOW – 2010 YTD was up 51% over 2009, indicating that the Kailua Kona market is not only making a steady comeback, 2 years running, and it is more than likely here to stay.

Dollar Figures exchanging hands – July 2011 – UP 63% - Before you get all excited, Remember YTD paints a much more honest picture, and points to more of a trend, this figure is up 4%, which indicates a calm, steady, focused increase in money exchanging hands for West Hawaii

Median Home Price: Interesting enough median home prices are still dropping – July, down <21%>, YTD down <6%>

Give Lance a call if you would like to sit down and go over what these numbers mean to you, whether you are a buyer or seller. 808-936-8383

Want to see the actual reports – follow this link: www.KonaHomeTeam/Reports