Edward J. Rapoza's Market Report

Kailua Kona, HI

Single-Family Homes

Island Land Company Inc. | Principal Broker | 808-329-7170



Kailua Kona, HI

Tue May 18 2021
This week the median list price for Kailua Kona, HI is $1,292,500 with the market action index hovering around 59. This is an increase over last month's market action index of 56. Inventory has decreased to 42. Click here to stay informed with the Kailua Kona market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Kailua Kona, HI

Tue May 18 2021
This week the median list price for Kailua Kona, HI is $1,292,500 with the market action index hovering around 59. This is an increase over last month's market action index of 56. Inventory has decreased to 42. Click here to stay informed with the Kailua Kona market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Kailua Kona market.
Median List Price $1,292,500
Median Price of New Listings $917,000
Per Square Foot $558
Average Days on Market 93
Median Days on Market 42
Price Decreased 24%
Price Increased 5%
Relisted 2%
Inventory 42
Median Rent
Market Action 59
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$5,624,500 5,284 1 - 2.5 acres 5 5 12 0 3 157
$1,850,500 2,874 0.5 - 1 acre 3 3 36 2 3 45
$999,000 2,672 0.5 - 1 acre 4 3 37 3 3 21
$699,000 1,560 0.25 - 0.5 acre 3 2 40 4 2 21