Is Now the Time to Buy in Kona? Single Family Home Prices Drop 18% Year over Year

In this West Hawaii Real Estate Market Update, we’re breaking down what actually happened in North Kona for March—and what it means for buyers and sellers right now.

Single family home median price in North Kona fell to $1,250,000 from $1,525,000 year over year and condo sales price fell 7% from $690,000 to $640,000.

We’re seeing fewer sales, price adjustments, and a shift toward a more balanced market. This isn’t a crash. It’s a reset that’s creating real opportunities, especially for buyers who have been waiting on the sidelines.

In this video, we cover:
• Year-over-year drops in home and condo sales
• Median price changes (and why they can be misleading)
• What’s really happening with buyer demand
• Current mortgage rate trends and what to watch next
• How sellers are adjusting pricing strategies
• Why some properties are still selling fast (while others sit)
• Kona tourism trends and what they mean for vacation rentals

We also touch on what we’re seeing on the ground—from fewer incoming buyers to stronger negotiation opportunities—and how you can take advantage of this market shift.

If you’re thinking about buying, selling, or investing in Kona, this is the kind of market insight you need to make a smart move.

Want help navigating the Hawaii market?
Reach out to our team—we’re here to help you make the right decision, not just any decision.

Here is the link to the property for more info: https://365hawaiire.com/listing-detail/1178621089/75-6002-ALII-DRIVE-1303-Kailua-Kona-HI?source=feature_listing&timeStamp=1775521037309&condition=%7B%7D&listingSort=RELEVANCE&timezone=GMT%2B0000&featureListingName=Customized%20H75EDJG99&pageSize=6&siteId=114978&page=1&userId=856719436218523&

For more information on the property, financials, and HOA fees, reach out to us. We’d be happy to help.

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Aloha and we’ll see you next month for the next Big Island market update.

If you’ve been on the fence about buying in Hawaii, this could be your best chance to get a great deal before rates change again. Let’s find your dream home in paradise!

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