Home Buying in 96740>Question Details

Gretchen Osg…, Real Estate Pro in Kailua Kona, HI

What's the market look like in Kona these days for buyers now that the election is passed?

Asked by Gretchen Osgood, Kailua Kona, HI Fri Nov 9, 2012

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The median list price in March for single family homes in Kailua Kona is $817,000. The list prices increased by 3.81% from the previous month.
The price per square foot for listings in this area is $549.

The median sale price in November for single family homes is $395,400. The sale prices dropped by -0.9% from the previous month.

The price per square foot for sales in this area is $247.

http://www.kwhawaii.com/mimarket/zip/96740/


Keller Williams Realty
Realty Hawaii Group

Hawaii@KW.com
808.747.9670
http://kwHawaii.com
0 votes Thank Flag Link Wed Mar 6, 2013
Yes, as stated,
"Houses and condos listed under $500,000 had only 164 available as of this morning"
indicates a surprisingly low inventory of fee simple, North Kona, "Active" MLS listings

However, also available are
+/-27 Active North Kona listings that are leasehold,
and
+/-39 Active listings in South Kona.

(Per Hawaii Information Service Multiple Listing Service, 11/9/12)
0 votes Thank Flag Link Fri Nov 9, 2012
If you thought waiting to buy would give you a better selection... it doesn't look like that will be the case, at least not yet.

Houses and condos listed under $500,000 had only 164 available as of this morning. To give you an idea of how long those might be on the market... consider that we have 145 pending house and condo sales this morning as well... so there will be competition for the best priced properties with this limited inventory.

Be prepared to make your first offer your best offer if you are looking for a property that has broad appeal to the rest of the buyers.
0 votes Thank Flag Link Fri Nov 9, 2012
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