Mike Drutar REALTOR (S) e-PRO

Stability remains consistent and strong once again in the West Hawaii housing market. North Kona Overall sales were very stable in North Kona in January. We had 26 residential sales compared to 21 in January of last year. For condominiums, we had 20 sales compared to 26 in January of last year. That is a combined total of only 1 less sale. The ...

We have a lot of data to look into, so let’s dive in.  We’ll start with the December data, then the 4th quarter data, then a look at the year in review and what to expect in 2012. North Kona December There were 32 houses sold compared to 36 last December, and 40 condos sold compared to 34 last year.  That’s a ...

We are seeing fewer distressed properties on the market. Currently there are 2393 active and in escrow listings of houses and condos on the entire island. 349 of those are short sales (14.5%), 66 are pre-foreclosure (2.7%), and 194 are bank owned sales (8.1%). So, distressed sales make up about 25% of the listings. We have had a total of 2058 ...

October once again showed the market stability we have become accustomed to seeing.  North Kona had 36 residential sales, up 4 from last month and up 9 from October 2010.  There were 19 condo sales, up 2 from last month and down 1 from October 2010.  The median price of houses was $394,500, up over 6% from last month and October of ...

September continued the trend over the last few months of a stable real estate market.  Units sold are not really gaining or slowing with any consistency, and the median prices are doing the same as well.  Overall for September we had a total of 3 fewer sales of houses and condos in North Kona and South Kohala when compared to last ...

North Kona There were 31 residential sales in North Kona last month. August of 2010 saw 28 and July saw 33, so we continue to look stable. We saw 27 condos sold, same as last year and just below the 30 from July. The median price for residential sales was $329,000 a nearly 20% decrease form $408,500 last year. And down from $353,000 in ...

As we enter the midway point of the year, we have seen a mostly stable market.  We have been keeping our eyes open for signs of a real estate “double dip” and so far we have had very mixed data.  We do expect to see foreclosures keeping prices where they are, and there may be some declines in certain segments of the market, ...

Aloha,As I mentioned last month, April was expected to have numbers lower than April of last year. This was not due to a slowdown in the market, but more about the fact that April of last year was very strong. The final numbers are in and it looks like sales were down slightly for houses and down quite a bit for condos.North KonaWe had ...

The end of the first quarter is already upon us, and the news continues to show strengthening in the West Hawaii market.  Even negative data is balanced by positive data. North Kona The North Kona residential market continues to improve by all measures.  For the quarter we had exactly 100 houses sold, up from 79 in the first ...

North KonaWe continue to see signs of improvement in the real estate market. North Kona had 35 residential sales compared to 21 in February of last year and 20 in January.  Condos sold hit 23 compared to 24 in February of 2010 and 26 in January. Year to date we have seen a 27% increase in North Kona Homes, and a 8.8% increase ...