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

96720, Hilo Recently Sold Homes

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Phoenix Recently Sold Homes

Phoenix Summary
The median sales price for homes in Phoenix AZ for Aug 09 to Oct 09 was $97,000. This represents an increase of 3.3%, or $3,058, compared to the prior quarter and a decrease of 33.3% compared to the prior year. Sales prices have depreciated 36.4% over the last 5 years in Phoenix.

The average listing price for Phoenix homes for sale on Trulia was $283,513 for the week ending Nov 04, which represents an increase of 0.5%, or $1,378, compared to the prior week and a decline of 0.7%, or $2,048, compared to the week ending Oct 14. Average price per square foot for Phoenix AZ was $78, a decrease of 31% compared to the same period last year. Popular neighborhoods in Phoenix include Camelback East, Paradise Valley, North Mountain, Deer Valley, Maryvale, and South Mountain.

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Las Vegas Recently Sold Homes

Las Vegas Summary
The median sales price for homes in Las Vegas NV for Aug 09 to Oct 09 was $130,000. This represents a decline of 2.6%, or $3,500, compared to the prior quarter and a decrease of 31.2% compared to the prior year. Sales prices have depreciated 51.3% over the last 5 years in Las Vegas.

The average listing price for Las Vegas homes for sale on Trulia was $285,089 for the week ending Nov 04, which represents a decline of 1.9%, or $5,431, compared to the prior week and a decline of 3.1%, or $9,271, compared to the week ending Oct 14. Average price per square foot for Las Vegas NV was $104, a decrease of 22.4% compared to the same period last year. Popular neighborhoods in Las Vegas include Las Vegas, Summerlin, Sunrise Manor, Spring Valley, Summerlin South, and Winchester.

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Keaau Recently Sold Homes

Keaau Summary

The median sales price for homes in Keaau HI for Aug 09 to Oct 09 was $192,500. This represents a decline of 10%, or $21,500, compared to the prior quarter and a decrease of 2.7% compared to the prior year. Sales prices have depreciated 12.5% over the last 5 years in Keaau.

The average listing price for Keaau homes for sale on Trulia was $318,787 for the week ending Nov 04, which represents an increase of 0.8%, or $2,550, compared to the prior week and an increase of 0.4%, or $1,199, compared to the week ending Oct 14. Average price per square foot for Keaau HI was $179, an increase of 2.3% compared to the same period last year.

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1st Issue of the Yamanaka Enterprises Inc. Newsletter – This issue will cover 3rd Quarter Residential Market as well as a market summary of a few key sub-markets located on the Big Island of Hawaii.

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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.

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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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