ranking real estate

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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Kaieie Road, Papikou, HI 96781 3/2 home on 13.65 acres http://tinyurl.com/m6mv9b #realestate

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RT @hawaiiBNN: Hawaii Reporter: $1.2 Billion Construction Project of 30-Meter Telescope on Mauna Kea Will Boost… http://bit.ly/1CgIG7

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Big Island Median home prices are down YOY according to statistics from Hawaii Information Services (MLS for the Big Island and Kauai).

As an Island, Hawaii Residential Median Home Prices fell 25.85% YOY from $379,053 in 2008 to $281,050 in 2009.

Puna down 21.79% to a Median price of $179,875 (based on 198 transactions)
South Hilo down 24.41% to Median price of $256,250 (based on 70 transactions)
North Hilo up 18.73% to Median price of $444,000 (based on 5 transactions)
Hamakua down 22.50% to Median price of $310,000 (based on 10 transactions)
North Kohala up 43.70% to Median price $970,000 (based on 10 transactions)
South Kohala down 20.30% to Median price of $394,500 (based on 72 transactions)
North Kona down 20.84% to Median price of $435,000 (based on 119 transactions)
South Kona down 36.32% to Median price of $320,000 (based on 12 transactions)
Kau down 23.80% to Median price of $151,250 (based on 30 transactions)

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end of day showing property http://twitpic.com/8wxwh

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