Kona Houses Listed Under $1 Million - Sales
Kona Houses Listed Under $1 Million - Sales
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2015 2016 2017 2018
Sold
Brand New 3 & 4 Bedroom
Single-Family Homes
located in Kailua-Kona
Ocean view homes* on large lots,
ɰȈȶǼȢljӸɰɽɁɨʰːɁɁɨɥȢƃȶɰӗƃȶǁȚʍɰɽ
ȴȈȶʍɽljɰƃʥƃʰǹɨɁȴɽȃljȈɨɥɁɨɽӝ
Priced from the high-$500,000s (FS)
6 West Hawaii Real Estate | December 21, 2018
MLS Statistics
Kona house sales listed under $1 million
rebounded in November up from their
low in October of 26 to 40 in November.
It seems there were a lot stuck in
the pipeline. And that pipeline, pending contracts,
remains steady so sales are still continuing at a
nice pace.
The winter season starts in January and runs
through Easter and should bode well, I think,
for residential sales. The amount of inventory is
up in both houses and condos but not overly so,
giving the buyer a nice selection to choose from.
Condo sales listed under $1 million dropped
dramatically in November almost as much as
houses went up... I think this is also a function
of the pipeline backing up and not an indicator
of a market trend. There were 83 pending condo
sales as of the end of November so look for
strong closings at the end of December.
Land sales are just trickling along in single digits
and not making much impact on the market of late.
The overall market seems to be running
smoothly again after all the drama that came with
the volcano erupting last summer. It will definitely
leave us down in sales volume this year against
last but only because of our slow sales for those
months. So, if you are in the market to buy, get
ready to make your move! Mele Kalikimaka!
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BRAND NEW HOMES PRICED FROM THE
HIGH-$500,000s (FS)
The New Wainani Estates • 73-5505 Kaiau Place • Kailua-Kona, HI 96740 • 808.731.8329 • drhorton.com/hawaii
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