It has been a hot July, hottest temperatures since 1983. Kona residents were finding relief at the local beaches or hiding out in air conditioned offices and homes. The Kona real estate market did not resemble the temperature, with residential median sales prices decreasing for a second consecutive month.
In July 2015 the the median sold price in Kona decreased from June 2015 in all market segments. Residential median sales price was $485,000 down from $560,000 in June. Condominium sales was $254,000 down from $272,250 in June. Land sales followed with median price at $580,000, a decrease from $743,674.