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Hilo listing with pool.

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some market data to look at from Zillow on 96720 zipcode (Hilo, HI)

Kamehameha Ave., Hilo HI 96720

© Zillow, Inc., 2009. Use is subject to Terms of Use.
See Hilo Home Values at Zillow.com

Median Condo Value

Median Home Value

Dollars Per Square Feet

Zillow Home Value Index Distribution

Home Type

Owners vs. Renters

Home Size in Square Feet

Year Built

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Yamanaka Enterprises Inc. Big Island Real Estate Company http://www.yamanakaent.com #hawaii #realestate #hilo #waikoloa

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Yamanaka Enterprises Inc. a real estate company. find MLS listings for the Big Island of Hawaii at http://www.yamanakaent.com #hawaii #realestate

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RT @cyamanak: Kurtistown , Hawaii 2/1 864 sqft home $192,500 listor is owner http://bit.ly/3Visqn #hawaii #realestate #hilo

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What is going on with the Hilo residential market? From June to August we have seen the year to date number of sales continue to drop, but at a slower rate, while the actual year to date median home price has shown a slight uptick.

June YTD – Sales Activity <17.65%> Median Home Price $256,250
July YTD – Sales Activity <14.42%> Median Home Price $257,500
August YTD – Sales Activity <16.39%> Median Home Price $263,750

Summer months tend to be months with higher activity and the added sales will always have an effect on the overall median price. While it is far to early to call a bottom in price drops, it is interesting to see a 3 month period in which median prices did not fall sharply.

The next 3 month period leading up to December should be extremely interesting to see how the Hilo market reacts. Will we begin to see any effects from job cuts by the State, as well as the constant talk of a foreclosure wave due to Alt-A loans coming due, as well as the effect/non-effect of Government Stimulus money on our local economy and will our jobless rate continue to hover around 10%?

Some of these questions should be answered over the next few months…

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Kaieie Road, Papaikou, HI 96781 3/2 home on 13.65 acres http://bit.ly/QOP7c #hawaii #realestate #bigisland #hilo

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7.82 acres with 8 Industrial buildings available in heart of Hilo, HI. Master Ground Lease http://bit.ly/3qv2BF #hawaii #realestate

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Shipman Industrial Park Lot 6 – 1.54 acres Industrial zoned – UNDER CONTRACT – only 2 active developer parcels left http://bit.ly/KfGK

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