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Jan. 5, 2010 – Median Sales Price and Number of Sale – Hilo, HI – By Trulia

cmy — Tue, 05 Jan 2010 22:32:18 +0000

The median sales price for homes in ZIP code 96720 for Sep 09 to Nov 09 was $280,000. This represents an increase of 24.4%, or $55,000, compared to the prior quarter and an increase of 27.3% compared to the prior year. Sales prices have appreciated 14.9% over the last 5 years in 96720, Hilo.

The median sales price of $280,000 for 96720 is 0.00% higher than the median sales price for Hilo HI. Average listing price for homes on Trulia in ZIP code 96720 was $438,336 for the week ending Dec 30, which represents an increase of 1.1%, or $4,706 compared to the prior week and an increase of 8.6%, or $34,894, compared to the week ending Dec 09. Average price per square foot for homes in 96720 was $263 in the most recent quarter, which is 0.00% higher than the average price per square foot for homes in Hilo.

96720, Hilo Recently Sold Homes

Hilo, Hawaii Residential Market Trends Nov. 2009 – by Trulia

cmy — Wed, 09 Dec 2009 00:22:40 +0000

Hilo Recently Sold Homes

Hilo Summary

The median sales price for homes in Hilo HI for Sep 09 to Nov 09 was $281,037. This represents an increase of 24.9%, or $56,037, compared to the prior quarter and an increase of 27.7% compared to the prior year. Sales prices have appreciated 15.3% over the last 5 years in Hilo.

The average listing price for Hilo homes for sale on Trulia was $416,337 for the week ending Dec 02, which represents an increase of 1%, or $4,229, compared to the prior week and an increase of 6.2%, or $24,168, compared to the week ending Nov 11. Average price per square foot for Hilo HI was $264, an increase of 26.3% compared to the same period last year.

Hilo Homes For Sale

Hilo, Hawaii – November Report – Residential Market looks to be steady?

cmy — Wed, 11 Nov 2009 01:19:53 +0000

In looking at the Hilo Market over the past 8 months, it appears for the time being that we can say April 2009 was the bottom of the Hilo Residential Market in terms of Median Home Price.

Below is a chart of Zillow’s Home Value Index for 96720. The chart is also confirmed by MLS data provided by Hawaii Information.

Per Hawaii Information: South Hilo Median home pricing was at its lowest in April which posted a Monthly Median Home Price (on sales) of $202,000 this brought the Year-To-Date (YTD) Median Home price to $247,000.

Since April the following Median Prices were posted:

May 2009 – $262,500 YTD – $250,000
June 2009 – $280,000 YTD – $256,250
July 2009 – $260,000 YTD – $257,700
Aug. 2009 – $320,000 YTD – $263,750
Sept. 2009 – $288,000 YTD – $270,000
Oct. 2009 – $285,000 YTD – $277,000

In last month’s 3rd Quarter market report, I said that “overall median home prices have continued to fall”, that would need to be tempered a bit, by the above reflective data. The jump of roughly $19,300 in median price over the past 3 months is significant when looking at Median Pricing over the whole of 2009. When compared to a Median Price rise of only $10,700 over the previous 3 months (May-July) the increase is significant.

I still agree that the main concerns for Hawaii County are that of job loss and loss of income to the general workforce. While not illustrated in the past 6 months data for South Hilo, this should be taken into account when evaluating the residential marketplace.

The Federal Government’s continued focus on tax credits should have a continued positive effect on market activity, as should the current low interest rates on home mortgages.

Zillow Home Value Index

More Hilo Home Values

10/31/09 Waikoloa, HI real estate trends – provided by Trulia

cmy — Sun, 01 Nov 2009 00:47:02 +0000

Waikoloa Summary
The median sales price for homes in Waikoloa HI for Jul 09 to Sep 09 was $344,500. This represents an increase of 11.5%, or $35,500, compared to the prior quarter and a decrease of 22.6% compared to the prior year. Sales prices have depreciated 17.8% over the last 5 years in Waikoloa.

The average listing price for Waikoloa homes for sale on Trulia was $728,960 for the week ending Oct 21, which represents a decline of 0.4%, or $2,562, compared to the prior week and a decline of 5%, or $38,367, compared to the week ending Sep 30. Average price per square foot for Waikoloa HI was $261, a decrease of 16.1% compared to the same period last year.

Waikoloa Recently Sold Homes

Waikoloa Homes For Sale

Waikoloa Recently Sold Homes

10/31/09 – Hilo, HI Market Trends provided by Trulia

cmy — Sun, 01 Nov 2009 00:38:05 +0000

Hilo Summary
The median sales price for homes in Hilo HI for Jul 09 to Sep 09 was $235,000. This represents an increase of 3.2%, or $7,250, compared to the prior quarter and a decrease of 17.5% compared to the prior year. Sales prices have appreciated 5.4% over the last 5 years in Hilo.

The average listing price for Hilo homes for sale on Trulia was $399,655 for the week ending Oct 21, which represents an increase of 1.3%, or $5,080, compared to the prior week and an increase of 1.7%, or $6,567, compared to the week ending Sep 30. Average price per square foot for Hilo HI was $215, an increase of 1.4% compared to the same period last year.

Hilo Recently Sold Homes

Hilo Homes For Sale

Hilo Recently Sold Homes

10/30/09 – Portland, Oregon – Zillow Home Value Index

cmy — Sat, 31 Oct 2009 01:59:11 +0000

Zillow Home Value Index

More Portland Home Values

a glimpse… Noe Valley, San Francisco – by Zillow

cmy — Sat, 24 Oct 2009 02:23:17 +0000

Hill, San Francisco CA 94114

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

Zillow Home Value Index – Los Angeles

cmy — Tue, 20 Oct 2009 04:29:03 +0000

Zillow Home Value Index for Westchester, Playa Del Rey, Brentwood and Westwood.

Zillow Home Value Index

More Los Angeles Home Values

Zillow Home Value Index – Honolulu, Hawaii

cmy — Tue, 13 Oct 2009 02:35:05 +0000

Zillow Home Value Index for Honolulu, Kaimuki, Palolo, Ewa and Kaneohe

Zillow Home Value Index

More Honolulu Home Values

$8000 tax credit and Sales Activity?

cmy — Thu, 08 Oct 2009 00:27:51 +0000

The current First Time Homebuyer’s Tax Credit of $8,000 is due to expire on December 1, 2009. On the Island of Hawaii we are seeing an uptick in activity over the past few weeks. Presumably part of that activity is driven by these First Time Homebuyer’s eagerness to qualify for the credit.

Based on some of the numbers I posted last week for Residential Sales for the Big Island, overall we have seen an increase of 25.27% in activity Year-to-Date. That is a significant number for the Island, in regards to activity, although at the same time we have seen an overall Median price decrease for the Island of 18.75% with 7 of 9 districts showing a decrease in Median home prices.

While the Tax Credit is not the sole reason for the increase in activity, it is a major factor. That is why the National Association of Realtors is pushing hard for an extension of the program. One of the fears voiced, should this program end, is that activity will slow significantly which will put further downward pressure on Median home prices.

At its best the $8,000 tax credit has been described as a tool to increase activity and sales in the Residential Real Estate market at its worst its been called a prop which only stalls the inevitable, falsely holding up a market that needs to fully correct before it can be healthy.

As the deadline for the sunset of this credit nears and then passes, we shall see.