Hawaii Island Real Estate Market Update and Q and A

by Julie Ziemelis | May 19, 2022 | East Hawaii, Hawaii Island, Kohala Coast

Come and get your real estate news, trend updates and find out about things like permitting issues, that will have an impact on the Hawaii housing market. Homes are starting to sit longer on the market..is there a shift?

Quick Snapshot:

North Kona saw a 15% increase in single family home prices year over year. Median price is $1.149 million compared to $999,000 in May of 2021.  For condos, the median price for April was $575,000, a 32% increase year over year, from $435,000 in 2021.

South Kohala saw a 57% increase in single family home prices due to the lower end of the market not producing enough inventory, with higher end homes selling instead. Single family media price is $1,225,000 with condos at $1,205,00 as the Waikoloa Resort market had more condos to sell than Waikoloa Village, where inventory is persistently low.

Lance Owners, LUVA Real Estate, Delania Branham, eXp Realty, Amber Haley, Hawaii Life and Julie Ziemelis, 365Hawaii Group/Keller Williams Realty discuss the North Kona, South Kohala and East Hawaii markets.

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Questions about purchasing a home? Email Julie Ziemelis at Julie@Ziemelis.com