Big Island Real Estate and Mortgage Market Update – February 2023

What’s happening with the Hawaii Island market? Long and short of it..mortgage rates are sitting at mid 6% with hopes that they will fall later this year.
The housing market is favoring homes that are priced correctly. Homes that are not priced correctly are sitting on the market for over 60 days across the island.
Thanks to our mortgage partners Marla and Scott Wynn, the Wynn and Eagan team for sharing their information on the rates and programs on this update.
If you are looking for info about the West Hawaii market in particular, check out Lance Owen’s earlier video.
Delania Branham, Realtor shared her info about the specific neighborhoods she is tracking each month to show the general trends of housing and condo prices in North Kona.
Jana Mahoney, KW Big Island, shared her update of Waikoloa and Waikoloa Village
Tanya Klett, KW Big Island, discussed the North Hawaii market with info about land
Amber Haley, REAL Broker, shared her knowledge about the East Hawaii market, where affordability still is bringing in the buyers.

If you are looking to buy or sell a home, please contact us at Julie@Ziemelis.com and we can help you with our islandwide team!
Julie Ziemelis Realtor, RS-85062

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