Big Island

Looking for Direction…AKA Time to Go on a Diet

As instructed, I’ve been working from home. I’m still working out, I haven’t really changed my diet (well, except maybe wine time) and yet, I’ve gained 20 pounds. Like my waistline, I’ve learned a lot can change in six weeks.

Market Update

I’ve mentioned market movement in Hilo and HPP over the past few weeks, and while I prefer to compare one quarter to the next, it’s useful to isolate April to provide an insight into market direction across the East Hawai`i neighborhoods that I routinely track. 

Admittedly, some numbers really don’t mean much because the sample size is so small. For instance, April numbers would indicate no upcoming demand for homes at Volcano Golf Course. We know that’s not the case. The numbers also indicate demand for 12 homes in PPG. That would exceed the norm. None-the-less, there’s much the numbers do tell us. 

What We Know

Column 2 shows the number of residential sales last month. As you see, homes are still selling. In fact, dividing the sold numbers during the first quarter 2020 by 3 (second column from the end), demonstrates that April sales numbers are fairly consistent with the norm. Isolating April numbers seems appropriate because most sold properties went under contract during our stay at home period. Also consider the number of properties currently under contract. Routinely tracking these allows me to determine if things are slowing. So far, they are holding steady (these numbers must be tracked in real time because there’s no way to isolate dates using an MLS search). 

What We Don’t Know

But as much as things are holding steady, things may be poised to change in a big way. As I mentioned, some sellers have decided to hold their listings off the market for now. While I have noticed an up-tick in new listings over the past week, it’s hard to know how many new listings are “standing by.”

The other unknown is distressed properties. Foreclosures will not affect our numbers for a few years, but a seller who gets nervous about their ability to hold on might further inflate current inventory. (For goodness sake, contact me if you are in this situation!)

On the other hand, I checked with Nui and Danny who both work with buyers on Team Nakanishi. They’re getting numerous calls EVERY DAY from incoming buyers who are just itching to get here to look for property.

Join Us Online

Wanna continue the conversation? Remember to join us online every Monday at 3 p.m. for our Real Estate Wine’d Down. We’ll showcase local businesses and real estate related vendors. Just email me or Ash for your invitation. Sorry for those who had trouble logging on last week. You missed a good one! Please try again this week. See you Monday!

Related Posts:

COVID-19 & Real Estate 2020

Keeping it Real…Daily Changes!

Meet Me on Monday – Real Estate Wine’d Down

About the Author

Denise Nakanishi

Denise Nakanishi is a REALTOR Broker with Hawai'i Life. Denise Nakanishi is one of Hilo's most acclaimed real estate agents. She reached the rank of Major in the US Army and is now known by many as "Major Mom." The nickname fits–not only does Denise bring the discipline and mission-oriented attitude you'd expect, she's also caring and compassionate, always looking out for her clients like they're her own family. Having made the Big Island her home since 1987, Denise combines her extensive knowledge of the area with a sharp focus on customer service and the results speak for themselves. She's the recent recipient of the Best East Hawai`i, Best of Zillow, Chairman's Circle Award, President's Circle, Top Producing Agent since 2001, and Realtor of the Year awards. Denise stays ahead of the curve because she's passionate about education–she served as Education Chair for Hawaii Island REALTORS® for many years. She's one of Big Island's best real estate resources, known for her weekly article in the Hawaii Tribune Herald. Denise leads Team Nakanishi for Hawai`i Life, who is committed to their family, work, and community. In her little time away from work, Denise is a committed runner and Grandy. She also devotes many hours to various Veterans' Organizations, the East Hawaii Cultural Center, and the Hawaii Island REALTORS®. You can email me at or via phone at (808) 936-5100.

Comments (0) Show CommentsHide Comments (Remember)

Cool. Add your comment...

Your email address will not be published. Required fields are marked *

Leave your opinion here. Please be nice. Your Email address will be kept private, this form is secure and we never spam you.

More Articles from Hawaii Life