In July, single-family home sales dropped from 191 in June to 162, a decrease of 12.4% compared to last year. Dive into the report below!
Number Of Sales
Most homes were sold in Puna (72), North Kona (21), and South Hilo (23). Condo sales slightly declined from 43 in June to 42 in July, with a 21% decrease from last year (43 to 32). North Kona saw 25 condos sold in July, down from 26 in June and 32 last year. Land sales fell from 143 in June to 137 in July, with 83 sales in Puna, and also decreased from 160 last year.
Average Days On Market
In July, single-family homes averaged 71 days on the market, up from 55 the previous month and 63 last year. In North Kona, homes averaged 59 days, up from 55 last year. Condos averaged 73 days in July, slightly down from 74 in June but up from 39 last year. Land listings averaged 121 days, increasing from 103 in June and 98 last year.
Median Sales Price
The median sales price for single-family homes on Hawaii Island dropped from $605,000 in June to $530,000 in July. In North Kona, prices fell to $1,150,000, a 25.7% decrease from last July’s $1,548,000. Meanwhile, the median condo price rose to $620,000 in July from $575,000 in June. North Kona condos were $621,000, up from June’s $585,000 but down from last year’s $750,000. For land, the median price decreased to $50,000 from June’s $53,500, showing an 8.7% increase compared to last year’s $46,000.
Contact your REALTOR for more specific information regarding sales in certain neighborhoods or parts of Hawaii Island!