To receive our monthly newsletter, please Click Here to enter your mailing address.
View our Archived Articles Here
“As an out of state buyer, I wasn’t sure what to expect when trying to purchase a Kona condo. Wow, Gretchen did a fantastic job and went above and beyond all expectations to help us in the search. The closing process was handled electronically and was flawless. Highly Recommend!” Steve & Maggie (read more)
West Hawaii Real Estate Update
May, 2012: Volume 9, Issue 5
We are back on track for the year… yeah! After a less than thrilling ending to the first quarter in Kona, April exceeded my expectations with 91 sales of houses, condos, and land. This is a huge milestone since we haven’t cracked the 90’s for 6-years… that was a long dry spell!
This high closing count took us past where we were last year, 284 to 280 sales year-to-date.
Inventories hit some new milestones this month as condos which had been struggling to get below 200 dropped to 191, a substantial change from last month’s 204. Our snowbirds were snapping them up before leaving for home. Overall houses, condos and land now total 699 available in the MLS in Kona, they haven’t been below 700 since January 2006… great news for sellers!
Hard to believe but the cash sales are holding steady and year-to-date they are at 156 sales or 55% of our market.
Pendings are super strong and at their highest since February 2006 with 204… houses with 117 are the highest.
Call or email me today to get my free market analysis of your property!
Notes From Gretchen
So sorry for the late newsletter this month! I’ve been renovating and moving into a new place to live in Kailua Village across the street from my office and it took all my extra time to get it done… but I’m moved!
I’ll make it up to you next month but for May you will have to be satisfied with great graphs to show you how well the market is doing.
I’ve also had 3 new listings this month and in April I closed 6 sides, so the market here is really moving. If you need real estate information call or email me… I’m back!
North Kona Statistics
Gretchen L. Lambeth
Broker of the Year – 2010
75-170 Hualalai Road, D-115