6 West Hawaii Real Estate | January 18, 2019
MLS Statistics Kona’s condo market held up well during end of the year
Kona’s condo market held up well this
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past quarter that ended December 2018.
Interesting is that the $200,000 to $300,000
range did not change from last year but
the under $200,000 was down dramatically, not
from lack of demand, but because we didn’t have
as many available in 2018 with rising prices. Other
than that, the quarters were very similar, leading me
to believe that this winter season should be good
for condos if this trend continues. There are currently
70 condos with pending contracts in Kona.
The house market in Kona did change in some
interesting ways. As would be expected, the lower
end sales dried up some due to lack of inventory
but so did the $700,000 to $900,000 range, which recorded
roughly half as many sales as the same quarter
in 2017. A quick check of the available inventory
tells the story — we have way more available which
means buyers aren’t snatching them up at the same
rate they did last year… hmmm. It will be interesting
to see how that plays out over the winter months,
might be some great buys in that range, especially
the lower $700,000-$800,000. Currently, in Kona,
there are 79 houses with pending contracts.
If you have any specific real estate statistic
questions, you might try my website which has
an abundance of graphs to review, current and
historical. Aloha!
North Kona Homes – Number of Real Buyers – October 1, 2018-December 31, 2018