Big Island real estate sales for 2010 on the Big Island finished on a upward trend as compared to 2009. Here are the 2010 year-end percentage changes for Single Family Homes Sold and Median Sale Price (MSP). Big Island Total Sales were +20%, MSP -7%; North Kohala +58%, MSP -44%; Kohala Coast +5%, MSP -10%; Kailua-Kona +31%, MSP -5%; South Kona +50%, MSP -22%; Kau +11%, MSP -3%; Hamakua Coast +67%, MSP -5%; North Hilo -17%, MSP -31%; Hilo +18%, MSP 0%; Puna +17%, MSP -9%.
| Big Island home Sales December 2009 vs. 2010 | |||||
| Homes Sold | |||||
| Neighborhood | 2009 | 2010 | Median Sale Prices | ||
| North Kohala | 6 | 6 | $ 349,000 | $ 452,500 | |
| Kohala Coast | 14 | 17 | $ 459,500 | $ 305,000 | |
| Kailua – Kona | 31 | 35 | $ 425,500 | $ 389,500 | |
| South Kona | 4 | 3 | $ 320,500 | $ 260,000 | |
| Kau | 9 | 8 | $ 120,000 | $ 87,625 | |
| Hamakua Coast | 1 | 3 | $ 224,800 | $ 320,000 | |
| North Hilo | 2 | 1 | $ 225,000 | $ 156,000 | |
| Hilo | 20 | 21 | $ 243,000 | $ 310,000 | |
| Puna | 40 | 45 | $ 167,375 | $ 130,000 | |
| Big Island of Hawaii | 127 | 139 | $ 275,000 | $ 235,450 | |
Here are the 2010 year-end percentage changes for Condos Sold and Median Sale Price (MSP). Big Island Total Sales were +58%, MSP -10%; North Kohala 0%, MSP +2%; Kohala Coast +61%, MSP -15%; Kailua-Kona +85%, MSP -18%; South Kona -100%, MSP +1%; Kau +100%, MSP +111%; Hamakua Coast 0%, MSP 0%; North Hilo 0%, MSP -3%; Hilo -34%, MSP +9%; Puna 0%, MSP 0%.
| Big Island Condo Sales December 2009 vs. 2010 | |||||
| Condos Sold | |||||
| Neighborhood | 2009 | 2010 | Median Sale Prices | ||
| North Kohala | 0 | 0 | $ 0 | $ 0 | |
| Kohala Coast | 12 | 25 | $ 390,500 | $ 350,000 | |
| Kailua – Kona | 24 | 31 | $ 225,000 | $ 176,000 | |
| South Kona | 0 | 0 | $ 0 | $ 0 | |
| Kau | 0 | 1 | $ 0 | $ 220,000 | |
| Hamakua Coast | 0 | 0 | $ 0 | $ 0 | |
| North Hilo | 0 | 0 | $ 0 | $ 0 | |
| Hilo | 4 | 1 | $ 36,750 | $ 86,000 | |
| Puna | 0 | 0 | $ 0 | $ 0 | |
| Big Island of Hawaii | 37 | 61 | $ 272,710 | $ 260,000 | |
Current Market Conditions as of January 8, 2011... There are 511 Single Family Homes on the market for the Kona/Kohala Coast, which is an increase from last month's 494 active listings. There are 153 homes in escrow, 6 less than last month's 159 and 52 homes sold vs. 47 last month. At the current buying rate, we have a 9.8 month supply of homes, which is a little less than last month's 10.5 month supply.
Of the 511 Single Family Homes on the market, 58 are Hawaii Foreclosure Listings and 40 are Short Sale Listings.
For Kona/Kohala Coast Condos, there are currently 492 on the market for sale, which is more than last month's 488. There are 109 in escrow, down from 123 last month and 59 sales, up from 26 sales last month. We have a 8.3 month supply of inventory, which is a large decrease from last month's 18.8 month supply.
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Information on sales for the Big Island of Hawaii was provided by Kurt & Kirsten Carlson, Big Island real estate experts.