Our February market update breaks down exactly what’s happening in the West Hawaii real estate market — condos, single-family homes, inventory levels, price changes, and where we’re seeing real opportunity right now.
Condo prices are down 13% year over year, with over nine months of inventory, making it a strong buyer’s market. At the same time, single-family home prices have risen nearly 10% compared to last year, though overall sales volume is down. What does that mean for buyers and sellers in Kona?
We also talk about:
• Why condos are sitting longer (107 days on average)
• Why homes with a “wow factor” are still selling quickly
• The insurance impact and what it means for HOA fees
• Warrantable vs. unwarrantable condos
• Why some owners are selling after 3 years
• How lifestyle changes are driving today’s market
• What buyers should be doing right now
There is hesitation in the market — but hesitation creates opportunity. We’re seeing motivated sellers, price reductions, and real negotiations happening at the table.
If you’re thinking about buying, selling, or simply want to understand what’s happening in Kona, this update will help you make sense of it.
We are trusted advisors, lifestyle experts, and local market specialists here in West Hawaii. If you’d like to talk through your situation, reach out anytime.
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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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Julie Ziemelis | RS-85062
REAL Broker
Julie@Ziemelis.com
808-333-1004