March was a slower month for Waimea (Kamuela) home sales with a total of 7 sales for the month. Prices had a moderate range in sales prices from a low of $139,699 to a high of $539,000. This compares to February sales of 10 homes at an average sales price of $322,900. Here is a [...]
Looking on how many homes in Pualani Estates are in escrow and how many new homes are being built, I won’t doubt that this subdivision is sold out by next summer – or sooner! Pualani Community Park – great place for sports, playground for children, and picnic area Special Features 3 bed/2 bath, 1,476 sq. [...]
Waikoloa Village condo sales for March had a big pickup in number of sales for the month. March saw a total of 5 condos close escrow – this is compared to just 2 condos in January and only 1 in February. The average sales price for March sales was $133,200. Here is a look at all [...]
The pace is unbelievable; it reminds me of our last boom in 2005… Brand new home (MLS# 252979) 3 bed/3 bath, 1,680 sq. ft. for $398,980 4 bed/2 bath, 2,316 sq. ft. (MLS# 1114072) listed at $5.75Mil
To continue the review of the 2012 Kohala Coast condo real estate market that I began in my post about the lower (under $500,000) end, let’s look at the mid-range: around Mauna Lani average sales price (median year-to-date being $715,000) and where the Mauna Kea resort condo market begins (all of the condos in the [...]
The biggest story for the North Kona real estate market, by far, is the decreased inventory in the residential markets. Last April 15th, 2011, the Kona inventory stood at 273 homes on the market under $4.0 Million. That number on April 15th, 2012 is 148 homes.
Months of remaining inventory in March was the lowest we’ve seen in years. Homes are now at 4 months and condos at 4.5 months. According to the National Association of Realtors, anything less than 6 months is considered a “seller’s market.” Believe it or not, we’ve been in a seller’s market now since September of [...]
With the winter selling season drawing to a close, it’s become apparent that 2012 marked a turning point in the real estate market on the Big Island’s Kohala Coast. It’s not just that prices on similar properties are higher than a year ago, the lower end is disappearing! Freestanding home at Villages at Mauna Lani [...]
We sometimes forget the progress this market has made over the past two years. We took a look at a few market segments to see how many short sales and foreclosures are out there. Seems like over the past few years these types of listings were dominating the market, and at some point in various [...]
It was another active month in Kihei condo sales with 46 condos closing escrow in March – up from 35 in February and 29 in January. There were 49 sales in March, 2011. Kevin Spaise, an expert on Maui condos and residential real estate, is the author of The Maui Condo Book, the reference directory [...]
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