Edward J. Rapoza's Market Report
Kailua Kona, HI
Single-Family Homes
Island Land Company Inc. | Principal Broker | 808-329-7170
Kailua Kona, HI
Mon Sep 21 2020
This week the median list price for Kailua Kona, HI is $1,349,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has held steady at or around 135.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $1,349,000 | |
| Per Square Foot | $516 | |
| Days on Market | 171 | |
| Price Decreased | 15% | |
| Price Increased | 4% | |
| Relisted | 8% | |
| Inventory | 135 | |
| Median Rent | $2,200 | |
| Most Expensive | $45,000,000 | |
| Least Expensive | $340,000 | |
| Market Action | 39 | |
| Slight Seller's Advantage | ||
Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.
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 |
|---|---|---|---|---|---|---|---|---|
| $6,900,000 | 5,032 | 0.5 - 1 acre | 5 | 5 | 13 | 3 | 4 | 312 |
| $1,900,000 | 2,989 | 0.25 - 0.5 acre | 4 | 3 | 17 | 3 | 4 | 191 |
| $1,075,000 | 2,287 | 0.25 - 0.5 acre | 3 | 3 | 23 | 5 | 3 | 115 |
| $654,500 | 1,688 | 8,000 - 10,000 sqft | 3 | 2 | 30 | 6 | 8 | 70 |