For the month of July, the number of Kailua-Kona homes sales almost doubled compared to July '08 sales and the Median sale price is down about $90,000 to $432,500.  In general, Median Sale prices are lower in almost all districts of the Big Island, with exceptions in South Kona and North Hilo.

Big Island Hawaii home Sales July
2008 vs. 2009
Homes Sold
Neighborhood 2008 2009 Median Sale Prices


North Kohala
3 4 $ 1,175,000 $ 930,000

Kohala Coast
13 14 $ 400,000 $ 356,500

Kailua – Kona
14 26 $ 522,500 $ 432,500

South Kona
4 3 $ 322,500 $ 375,000
Kau 7 3 $ 218,000 $ 120,000
Hamakua
Coast
4 1 $ 307,000 $ 160,000

North Hilo
1 1 $ 450,000 $ 475,000
Hilo 19 17 $ 340,000 $ 257,000
Puna 35 41 $ 239,500 $ 164,900
Big Island of Hawaii 100 108 $ 299,000 $ 261,950

The same story here for Big Island Condo Median Sale Prices...  All districts are down and Kailua-Kona shows one of the largest decreases.  Kona condo Median Prices are down just over $100,000 from last year, while the number of sold units remained about the same.  The number of condo sales on the Kohala Coast is down 50%.

Big Island Hawaii Condo Sales July 2008 vs. 2009
Condos Sold
Neighborhood 2008 2009 Median Sale Prices


North Kohala
0 0 $ 0 $ 0

Kohala Coast
12 6 $ 523,000 $ 512,500

Kailua – Kona
14 15 $ 302,000 $ 200,000

South Kona
1 0 $ 235,000 $ 0
Kau 0 0 $ 0 $ 0
Hamakua
Coast
0 0 $ 0 $ 0

North Hilo
0 0 $ 0 $ 0
Hilo 5 4 $ 159,000 $ 103,000
Puna 0 0 $ 0 $ 0
Big Island of Hawaii 32 25 $ 324,500 $ 200,000

Our Current Market Conditions... There are 609 Single Family Homes on the market for the Kona/Kohala Coast, 104 homes in escrow and 40 homes sold during July.  We still have a 15 month supply of homes.

For Kona/Kohala Coast Condos, there are currently 666 on the market for sale, 57 in escrow and 21 sold in the past month.  That’s about a 32 month supply of condos, which slightly lower than our last report.

Information on July sales for the Big Island of Hawaii was provided by , Kurt & Kirsten Carlson Big Island real estate experts.