Home Sales Down, Condo Prices Up

· 4 Comments · Business

Home Sales Down, Condo Prices Up

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    You may want to double check your statistics. According to Hawaii Information Service today, condo prices in North Kona for November of 2012 are down from November of last year going from a median price of $179,000 in 2011 to $177,000 in 2012. Year to date, there has been an increase of 8.14% from $172,000 to $186,000. Activity (sales) for condos are unchanged November of 2011 to 2012, both months seeing 17 units sold. Year to date there has been a 9.12% increase in sales going from 285 sold in 2011 to 311 sold in 2012.

    Single Family Residence (SFR) median price has declined from $395,000 in November of 2011 to $391,700 this November. Sales activity for SFR’s in North Kona are down over last November going from 32 sales in 2011 to just 22 sales in 2012. Year to date activity is down only from last year with 379 homes sold this year compared to 385 last November.

    • BigIslandNow

      The article is referring to island-wide figures, not North Kona.

    • http://twitter.com/DeniseLaitinen Denise Laitinen

      Robert – the Hawaii Information Service statistics cited in the above article clearly refer to island-wide sales, not just those of North Kona.

  • Robert Ferrari

    Denise, my stats were just for North Kona but even looking at the entire island, condo median price is up only 28.28%, not 46%.

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