West Hawaii Real Estate Update June 2023

How’s the market in West Hawaii? Single family home prices are up, condos are down, inventory remains sluggish, mortgage rates are rising and we are seeing a very balanced market where buyers have time to make a decision and sellers are getting their sales price if they are priced for the market.

Lance Owens, LUVA Real Estate and Julie Ziemelis, KW Big Island, discuss the statistics AND discuss other issues affecting real estate in the region.

Median price for a single family home in North Kona rose 24% year over year from $1,000,000 in June 2022 to $1.245 in June 2023. There was a 13% decline in amount of single family homes sold to only 39 from 45.
Condos dipped from $575k in June 2022 to $556k, a 3% price decline. There was also a 17% decline in amount of condos sold to only 37 from 45.

Eric and Julie Ziemelis are the 365Hawaii Group Keller Williams Realty. We offer marketing expertise to home sellers with a large group of buyers from our private Facebook group. For Buyers, we offer expertise and resources to ensure we remove the uncertainly from the experience! We also partner with these fabulous Realtors and mortgage pros to help you buy or sell around the island. Looking for connections? Contact us!

Join our 365Ohana on www.365HawaiiLiving.com if you’d like to purchase a home on Hawaii Island or be referred to agents on other islands!

Eric Ziemelis | RS-80376
Julie Ziemelis | RS-85062
365 Hawaii Group
Keller Williams Big Island

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