List to sales is dropping in West Hawaii amd days on market is lengthening. Here’s your November 2024 Big Island Real Estate Market Update—featuring hyper-local insights from experts across the island. This month’s report covers West Hawaii, North Hawaii, South Hawaii, South Kona, the resorts, and neighborhood-level trends, plus a deep dive mortgage update from lending expert Travis Green of Guild Mortgage.

In this episode, we break down:
📊 Big Island Market Trends
• What’s happening with interest rates (and why they aren’t moving much)
• How U.S. Treasury issuance & deficits are affecting long-term rates
• Why buyers waiting for “5% mortgages” may be waiting a long time
• Strategy talk: buy-downs, closing credits & pricing realities
🏠 Regional Updates from Local Pros
South Hawaii (Andy Madrid – Real Broker):
• Surge in land listings, varied pricing, Lava Zone 2 lending issues
• Multiple offers happening if the property is priced right
• Real talk on unpermitted homes, cash-only properties, and buyer hesitation
North Hawaii / Waikoloa (Tanya Klett – Real Broker):
• Condos sitting longer, price reductions becoming the norm
• Buyers waiting for “the bottom”
• Seasonal slowdown & best listing practices for holiday months
• Resort market: big inventory + major price drops
West Hawaii + Kona Neighborhoods (Eric Ziemelis):
• Lokahi Makai, Pualani Estates & Alii Lani updates
• Inventory shift: more actives, more contingent sales = signs of movement
• Insurance cost adjustments leading to new activity in Alii Lani
West Hawaii Snapshot (Julie):
• Kona SFH median prices
• Condo pricing softening, especially STVRs
• Days on Market rising, buyers cautious, sellers adjusting
💡 For Buyers & Sellers:
We discuss:
• Pricing strategies that work right now
• Why the first offer is often the best offer
• How to use seller concessions instead of price cuts
• Showing availability, staging, and STR showing challenges during holidays
• Pre-approvals vs. pre-qualifications (and why it matters)
If you’re thinking about buying or selling on the Big Island, reach out to any member of our team—we’re here to help you navigate this shifting market. All contact info is in the description below!
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🌺 Happy Thanksgiving & Happy Holidays from the 365Hawaii Ohana!
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Connect with us:
Julie Ziemelis | RS-85062 | REAL Broker
📧 Julie@Ziemelis.com
📞 808-333-1004
🌐 www.365hawaiiRE.com