Each month, MovetoHawaii365 Founder, Julie Ziemelis, sits down with Lance Owens, LUVA Real Estate and President-Elect for the West Hawaii Association of REALTORS to discuss the housing market for both the 365Hawaii Real Estate Minute channel on YouTube and also the “365Hawaii’s I’m Moving to Hawaii and Buying A Home” private Facebook group. Here is the video that we did in early April 2021 to discuss the stats and the trends of the current housing market on Hawaii Island and West Hawaii/Kailua-Kona.
Median Sales Prices Jumps To Historic Levels in Kailua Kona
Median sales price for a single family home in West Hawaii shot up past $900k and condo median sales price is $425k. Condo sales are on fire as people feel priced out of single family homes.
We also discussed the “Immediate Sales” Phenomenon, where a home will have an open house and then all offers are presented to the seller within a week and the home will be purchased within days of first entering the market.
We hold the real estate update live on Facebook on the first Thursday of the month after the 4th (As housing stats are more indicative of the market after that date) each month, Join us by joining the 365Ohana and allowing us to help connect you to a real estate professional in your desired market area. We also hold mortgage updates the second Thursday of the month.