JULY 15, 2017 KONA, HAWAI'I All of the residential stats continue support the fact that this market has legs on it. Inventory is trending lower, escrow activity remains stable and median sale prices are up +6% over the previous 12 months in 2015-2016. The price range data at the top of page 2 really … Continue reading July 2017 Kona Coast Bi Monthly Market Update
Happy May Day! The most notable bit of residential data is the increase in sales number, up from 432 in the previous 12 months to 483. Along with this increase in sales numbers we have a new high for Median Prices at $595,000. There is a hint of the passing of the busy winter selling … Continue reading Hawai’i Island 2x Monthly Real Estate Report May 1st, 2017
Happy belated Easter to all near and far. Here is positive news to share on the local Hawai'i market watch. The residential data shows declining inventory and strong improvement in pending sales. The Pending Ratio is now in Sellers’ Market territory. The last time we saw this was in 2013 when the market, dominated by … Continue reading Bi Monthly Hawai’i Island Market Update APRIL 2017
Residential Median Price is at its high since the recovery began, ($585,000). Escrow activity is up a strong 26% from a year ago. The inventory is exactly the same as a year ago. Almost 70% of the inventory is in the $700,000 to $4.0M price ranges. The Median Price of the active inventory is $899,000. … Continue reading 1/31/2017 KONA COAST RESIDENTIAL REAL ESTATE MARKET UPDATE
Residential Median Price has been relatively stable since last summer fluctuating in the $572,000 to $580,000 range. Current Median Price is ($580,000). Escrow activity is up 18% from a year ago. The inventory is up also, but almost all of the increase is in the over $700,000 price ranges. The Median Price of the active … Continue reading Kona Coast Market Stats MID MONTH Jan 2017
How to Buy a Home Without a 20% Down Payment One of the first things you'll hear when you start considering homeownership is that you'll need a hefty chunk of change upfront. Most financial planners recommend putting down a 20% down payment. On the current national median home price of $306,700, that comes to $61,340. … Continue reading BUYING YOUR HAWAII HOME-QUALIFYING FOR THE RIGHT LOAN!
-Kona Residential stats show the Median Price upward trend now holding over $570,000. It is likely the lack of affordable inventory under $500.000 and corresponding increase in sales in the higher price ranges will continue to move the price higher. The number of homes listed under $500,000 fluctuates in the low to mid 20’s. It … Continue reading 9.5 Hawaii Island Real Estate Update