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.
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.