In May, single-family home sales increased to 173 from 154 in April, but this is a 6% drop from last year, with most sales in Puna (80), North Kona (29), and South Hilo (21). Dive into the report below!
Number Of Sales
In May, single-family home sales increased to 173 from 154 in April, but this is a 6% drop from last year, with most sales in Puna (80), North Kona (29), and South Hilo (21). Condo sales stayed at 48, marking a 36% decrease from 75 last year; North Kona saw a rise from 22 to 31 compared to April, but a drop from 44 last year. Land sales decreased from 165 in April to 146 in May, with 105 in Puna, reflecting a 19% decline from the previous year.
Average Days On Market
In May, the average days on the market for single-family homes decreased to 57 days from 63 in April and 77 last year. In North Kona, homes averaged 52 days on the market, down from 66 days last year. Condo listings averaged 76 days, a slight decrease from 80 days in April but up from 38 days last year. Land listings took an average of 80 days, down from 95 days in April and 114 days last year.
Median Sales Price
The median sales price for single-family homes on Hawaii Island decreased from $605,000 in April to $540,000 in May, with North Kona seeing a drop to $1,210,000 from $1,275,000, though this is an 8% increase from last May. Condo prices rose, with the median reaching $816,000 in May from $582,500 in April, and South Kohala condos at a high of $1,725,000. North Kona condos increased to $650,000, up from $547,500 in April and $599,000 last May. Land prices in May rose to $60,000 from $55,000 in April, marking a 38% increase from $43,500 last May.
Contact your REALTOR for more specific information regarding sales in certain neighborhoods or parts of Hawaii Island!