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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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.

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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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