North Kona Houses & Condos Sold and Listed Under $1 Million
Vacant Land Loans
5.25%
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Visit us online at ĘĜÏŅĵĵüÏƚţÏŅĵ
or call ĿƐLjěƀƀLjLjú
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6 West Hawaii Real Estate | November 23, 2018
MLS Statistics Pending sales slowly picking up
382
397 398
384 384
351 353
327
289 296
339 341
355 353
302
279
266 258 254 252
237 233 238 235
254
240
216 217
231
243 246
232 226
242
116
134
146 139
130 132 129 125 124 120 114 117
135 142
156
172
163
151
122 129
146
135
126 124
146
166
186 182
166
124 129 129 132 134
49 52
63 67 74
64 64 70
59 63 63 61 59 63
86
76 84 85 86
68 62
83
62 68
49 57
74 81 84 83
50
62 57 64
JAN
FEB
MAR
APR
MAY
JUNE
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
2016 2017 2018
Inventory Pending Sold
Kona residential inventory listed under $1
million is up slightly in houses/condos,
but that number is mostly an increase of
40 houses accumulating on the market
in the last six months. We are adding them to our
inventory faster than we are selling them. Condo
inventory, well that’s another story, they are still
down overall. Interesting to watch the pendings
are slowly increasing as are sales after our sharp
drop off in July fueled by the volcano’s fi ssure 8
eruption. We should see pendings jump in the next
few months as our winter guests start buying.
Kohala’s inventory is continuing its downward
trend after leveling off last month, there are now
only 56 houses for sale under $1 million. Pendings
are slowly picking up after its booming month in
August of 58 sales of houses/condos listed under
$1 million. Not sure what that pent-up demand was
but by then we had determined that the increased
vog would come and so possibly those on the fence
decided to complete their transactions, not sure but
that was some sort of record out there. Sales have
been stable but not anything to write home about…
yet. Hopefully this winter season with our blue
skies and clean air buyers will decide that this is the
year to own a place in Hawaii.