In April, single-family home sales dropped from 187 in March to 151, marking a 17% decrease from the previous year. Dive into the report below!
Number Of Sales
Most homes sold were in Puna (59), North Kona (26), and South Hilo (22). Condo sales also fell from 52 in March to 48 in April, representing a 38% decline from last year’s 78 sales. In North Kona, 22 condos were sold, down from 30 in March and 40 last April. Land sales slightly decreased from 165 in March to 162 in April, with 95 sales in Puna, reflecting a 6.5% year-over-year decline.
Average Days On Market
In April, single-family homes averaged 63 days on the market, down from 72 days last month and similar to last year’s 64 days. In North Kona, the average was 93 days, up from 50 days last year. Condos took an average of 80 days to sell in April, slightly down from 82 days in March but longer than last year’s 40 days. Land listings averaged 95 days on the market in April, a decrease from 106 days in March and comparable to 94 days last year.
Median Sales Price
In April, Hawaii Island’s median single-family home price fell to $600,000 from $630,000 in March. Condo prices decreased to $582,500 from $632,000 in March. North Kona’s median price fell to $547,500 from $695,000 in March and $775,000 last April. Land prices rose slightly to $54,875 in April from $41,000 in March, a 12.5% increase from last year’s $48,750.
Contact your REALTOR for more specific information regarding sales in certain neighborhoods or parts of Hawaii Island!