Single-Family Home Sales Make Big Gains

Single-family homes and condos on the Big Island were being snapped up at a heady pace in September.

The number of single-family homes sold was up 75% in September over the same month last year, according to the statistics from Hawaii Information Services, reported in Pacific Business News.

That’s 179 homes sold last month, compared to 102 homes sold in September 2012.

The Puna District led the surge with 60 sales, an 88% increase this September.

Sales in the South Hilo District also contributed to the Big Island’s improving real estate market with 28 sales last month compared to a year ago.

North Kona sales were significantly higher with 42 units sold compared to 24 a year ago.

At the same time, the median sales price for the single-family units sold — $280,000 — was 13% higher island-wide this September than it was last year.

Condominium sales on the Big Island also reported significant increases, jumping 26% from 34 sold in September 2012 to 43 units sold last month. The median price of condo units also rose to $315,000, 17% higher than they were in September a year ago.