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3rd Quarter Residential Real Estate Market – Big Island of Hawaii

Source of data is from Hawaii Information Systems. 3rd Quarter 2009 Stats as of 10/2/2009

YOY – Residential Sales  for the Entire Island rose 25.27% from 273 (2008) to 342 (2009)

Increase in Residential Sales by District:

Puna sales rose 23.23% from 99 sales (2008) to 122 Sales (2009)
Kau sales rose 108.33% from 12 sales (2008) to 25 sales (2009)
South Kona sales rose 25% from 8 sales (2008) to 10 sales (2009)
North Kona sales rose 67.44% from 43 sales (2008) to 72 sales (2009)
South Kohala sales rose 13.33% from 45 sales (2008) to 51 sales (2009)
North Kohala sales rose 150% from 4 sales (2008) to 10 sales (2009)

Decrease in Residential Sales by District:

South Hilo sales decreased 11.11% from 54 sales (2008) to 48 sales (2009)
North Hilo sales decreased 66.67% from 3 sales (2008) to 1 sales (2009)
Hamakua sales decreased 40% from 5 sales (2008) to 3 sales (2009)

YOY – Residential Median Price for the Entire Island was down 18.75% from $320,000 (2008) to $260,000 (2009)

Increase in Median Sales Price by District:

North Hilo median price rose by 204.49% from $156,000 (2008) to $475,000 (2009)
South Kona median price rose by 20.58% from $311,000 (2008) to $375,000 (2009)

Decrease in Median Sales Price by District:

Puna median price decreased by 19.35% from $215,000 (2008) to $173,400 (2009)
South Hilo median price decreased by 13.78% from $333,450 (2008) to $287,500 (2009)
Hamakua median price decreased by 60.00% from $400,000 (2008) to $160,000 (2009)
North Kohala median price decreased by 30.77% from $827,000 (2008) to $572,550 (2009)
South Kohala median price decreased by 19.33% from $445,000 (2008) to $359,000 (2009)
North Kona median price decreased by 24.41% from $549,000 (2008) to $415,000 (2009)
Kau median price decreased by 34.50% from $229,000 (2008) to $150,000 (2009)

* all increases and decreases need to take into account overall activity. less actual sales will allows for dramatic shifts in percentage of increase/decrease in data.

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One Response to “3rd Quarter Residential Real Estate Market – Big Island of Hawaii”

  1. November 28th, 2009 at 12:24 pm

    loans says:

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