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Kona Hawaii Real Estate


Kailua-Kona Market Summary Residential Homes (YTD)

March 2017 is a Neutral market**

Home For Sale in March 2017 is 1432 units. It is up 0.1% compared to the last month and down 16.4% compared to the last year. 
Home Closed in March 2017 is 274 units. It is up 37% compared to the last month and up 5% compared to the last year. 
Home Placed under Contract in March 2017 is 296 units. It is up 8.4% compared to the last month and up 24.9% compared to the last year. 

**Buyer's market: more than 6 months of inventory based on closed sales. Seller's market: less than 3 months of inventory based on closed sales. Neutral market: 3 - 6 months of inventory based on closed sales.

Kailua-Kona Market Summary Condos (YTD)


March 2017 is a Neutral market! The number of for sale listings was down 16.4% from one year earlier and up 0.1% from the previous month. The number of sold listings increased 5% year over year and increased 37% month over month. The number of under contract listings was up 8.4% compared to the previous month and up 24.9% compared to the previous year. The Months of Inventory based on Closed Sales is 5.2, down 21.3% from the previous year. The Average Sold Price per Square Footage was up 12% compared to the previous month and down 25.4% compared to last year. The Median Sold Price increased by 11% from last month. The Average Sold Price also increased by 19.6% from last month. Based on the 6 month trend, the Average Sold Price trend is "Neutral" and the Median Sold Price trend is "Neutral". The Average Days on Market showed a neutral trend, a decrease of 5.8% compared to the previous year. The ratio of Sold Price vs. Original List Price is 91%, an increase of 2.2% compared to the previous year.  ​






Featured Property for Sale: Some of the best properties for sale are displayed right here. As your expert in the Kona real estate market, I can provide you detailed information on these homes, or any others!

Market Trends Newsletter: Find out what's going on in today's real estate market. My Real Estate Blog provides fresh perspective on our market activity. Be sure to check these out!

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Let me know if there is something specific you are looking for and I'll find what you need. Enjoy your visit and please contact me if there is anything I can do to make your next home buying or home selling experience the best it can be!  Call or Text me today at 808-430-3022


Jenni Lee (R)S

Elite Pacific Properties
75-5905 Walua Rd, Ste. 9
Kailua-Kona, HI 96740

Home Sellers

We can help home sellers understand buyer expectations and establish realistic pricing for your home under the current market conditions.

Our goal is to leverage our knowledge and experience to help you get the best price the market will support while still selling your home in a reasonable period of time.

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Home Buyers

For home buyers, our knowledge of the Kona Hawaii real estate market is second to none. We know the neighborhoods, the current market conditions, and the opportunities for buyers in today’s market. Our buyer specialists are committed to helping you find the home you want at the best possible price.

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Finding your dream home or finding a buyer is only part of the challenge of a successful transaction. There are many details that need to be managed through closing, and Elite Pacific Properties brings the depth and breadth of skills and experience required to ensure your transactions go smoothly. Our commitment is to provide you the quality of service and communication you desire and deserve.

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