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Real Estate Market Update for West Hawaii – May 2017

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Hawaii Housing Statistics First Quarter The housing market in West Hawaii continues to be positively affected by the annual upswing of homebuyers during the first part of the year.

“It seems to me the market has been gaining steam. I feel like we started off the year a bit shaky with the uncertainty of the presidential election. It appears that May, and especially thus far in June, the market has really been picking up. We had 6 new escrows open in the last 2 days”, Brian Collins, LUVA Real Estate, shared.

For the island as a whole, the median price of a single family home is $320,000 and condos are $273,000 according to information provided by Hawaii Information Services. Puna has seen the most home sales at 86 closed sales and 113 land sales.

How are the regions that make up West Hawaii performing?

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