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 Nov 23 2020
This week the median list price for Kailua Kona, HI is $1,592,500 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has held steady at or around 122. 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.

Slight Seller's Advantage

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Kailua Kona, HI

Mon Nov 23 2020
This week the median list price for Kailua Kona, HI is $1,592,500 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has held steady at or around 122. 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.

Slight Seller's Advantage

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Kailua Kona market.
Median List Price $1,592,500
Per Square Foot $546
Days on Market 156
Price Decreased 21%
Price Increased 3%
Relisted 4%
Inventory 122
Median Rent $2,725
Most Expensive $24,000,000
Least Expensive $405,000
Market Action 38
Slight Seller's Advantage

Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$7,047,500 4,892 0.5 - 1 acre 5 5 13 0 1 260
$1,985,000 3,104 0.25 - 0.5 acre 4 3 20 4 1 169
$1,125,000 2,652 0.25 - 0.5 acre 4 3 16 6 7 154
$650,000 1,582 0.25 - 0.5 acre 3 2 30 3 4 44