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Lance Owens(RS)

July Housing Report In For Kailua Kona, HI

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Real Estate Agent with LUVA Real Estate RS 62947

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August 05, 2015 12:52 PM

Kailua Kona Housing Report For July 2015

News for both Buyers and Sellers: August 5, 2015

We have seen several years of listing price increases on home prices in Kailua Kona and we are not expectingthings to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Kona,but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long,many of our listings are starting to sell within a few days of hitting the market. To make sure you don't overpay foryour home, you'll want to have an agent that does a thorough market analysis of the Kona home on which you aremaking an offer.

If you are interested in how much current inventory is on the market in Kailua Kona you can find that informationby clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in thisarea of Kona, homes have a median time of 60 days on the market before they sell. This would suggest that buyersare still in an OK position to make an aggresive offer on a home. Sellers should make sure to price their home nearthe market value if they expect to get an offer from one of those interested buyers. Low inventory in Kona hasmultiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run upquite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer givinga loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.

West Hawaii (Kailua Kona) Real Estate Report Summary

The median list price in July for single family homes in North Kona is $549,000. The list prices increased by 3.58%YTD

Looking at homes in that range - priced $5000,000 - $600,000, we have a total of 35 properties available. If I run theentire spectrum we have 243 homes listed for sale (I have seen over 350 for sale) , ranging from $200,000 (majorfixer) to $19,900,000. (not a major fixer)

Find Homes for Sale in Kailua Kona, Hawaii.

Visit my website to get detailed searches sent to you daily MLSdelivered.com to be notified when Kona homescome on the market.

To find out what you home is worth in the current market?

Feel free to call also: Lance 808-936-8383 , Kimi 808-936-2575

Also a BIG Mahalo to the Ladies at Old Republic Title And Escrow for the nicegraphs

I felt compelled to share Mondays Sunset with you - it was incredible