Single-family home sales rose from 138 in February to 154, a 20% increase from the previous year. Dive into the report below!
Number Of Sales
Most sales occurred in Puna, North Kona, and South Hilo. Condo sales increased from 45 to 52 but fell 10% compared to last year, with North Kona selling 30 condos. Land sales slightly rose from 161 to 162, marking an 8.5% decrease from last year, mainly in Puna.
Average Days On Market
In March, single-family homes were on the market for an average of 69 days, down from 77 days in February and similar to 68 days last year. In North Kona, these homes averaged 46 days, slightly less than 50 days last year. Condos stayed on the market for 82 days, up from 57 days in February and much longer than 41 days last year. Land listings averaged 104 days, up from 89 days in February, but shorter than 135 days last year.
Median Sales Price
In March, the median sales price for single-family homes on Hawaii Island rose to $630,000 from $574,250 in February. North Kona saw a 3.4% year-over-year increase to $1,525,000. Condo prices fell, with March’s median at $632,000, down from $750,000 in February. South Kohala had the highest condo prices at $719,500, while North Kona’s median increased to $695,000 from $612,000 last year. Land prices rose slightly to $43,750 in March from $42,000 in February, marking a 4.2% increase from the previous year.
Contact your REALTOR for more specific information regarding sales in certain neighborhoods or parts of Hawaii Island!
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