In October, single-family home sales rose from 148 in September to 169 but showed a 2.3% decrease compared to last year.
Number Of Sales
Most sales occurred in Puna (72 homes), North Kona (32), and South Hilo (21). Condo sales also increased from 27 to 42, yet were down 12.5% from last year. North Kona saw a rise in condos sold, from 11 last month to 24 in October. Land sales jumped from 116 in September to 166 in October, with 102 in Puna, but still reflected a 10.5% decrease from last year.
Average Days On Market
In October, the average days on the market for single-family homes rose to 60 days, up from 47 days last month and slightly higher than 56 days last year. In North Kona, homes averaged 50 days on the market, compared to 30 days last year. Condos stayed on the market for an average of 62 days, increasing from 44 days in September and similar to 61 days last year. Land listings averaged 97 days, a decrease from 103 days in September and down from 114 days a year ago.
Median Sales Price
The median sales price for single-family homes on Hawaii Island decreased from $556,500 in September to $545,000 in October, with North Kona experiencing a 12.5% drop to $1,100,000 compared to $1,237,500 last year. Condo prices fell from $719,000 to $610,000, while South Kohala had the highest price at $1,147,500; North Kona’s median rose to $617,900 from $543,900 in September. Land prices also declined to $50,000 in October from $53,500 in September, but marked an 11% increase from $45,000 last year.
Contact your REALTOR for more specific information regarding sales in certain neighborhoods or parts of Hawaii Island!