ranking real estate

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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Interesting notes and highlights for July 2009 Big Island of Hawaii Real Estate Market.

Year over Year (for July) Residential sales (excluding condos) were up 16% from 100 transactions to 116.

For the same period Residential sales volume was up 5.39% from $38,836,650 to $40,930,001
For the same period Residential Median Sales Price decreased 12.39% from $299,000 to $261,950

As compared to June 2009:

Residential sales transactions were up 13 from 103 (in June)
Residential sales volume was down <$12,173,499> from $53,103,500 (in June)
Residential Median Sale Price was down <$28,050> from $290,000

Overall:

All numbers have to be taken with a grain of salt as total number of transactions is fairly low and can change significantly based upon 1 or 2 sales which might be away from the norm. Nevertheless the Big Island Market in general has continued to show an overall softness with certain segments of the market fairing only slightly better then others.

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RT @hawaii247: Small Business Association recovery week events in Hilo and Waimea | Hawaii247.org – http://qtwt.us/dcp

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RT @hawaii247: http://twitpic.com/bms7g – Top 10 Hilo Casting Club anglers. (via @dcb97)

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