For the month of June, the median sales price for a Big Island SFR home decreased about 13% compared to June '08.  The number of homes sold also decreased from 102 compared to 109 June '08.  There was a slight increases in units sold on the Kohala Coast and in Kailua-Kona, as some buyer's seem to be returning to the market and taking advantage of the lower prices and interest rates. 

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


North Kohala
1 1 $ 345,000 $1,850,000  

Kohala Coast
13 15 $ 485,000 $ 350,000  

Kailua – Kona
22 27 $ 502,500 $ 435,000  

South Kona
1 2 $ 525,000 $ 301,750  
Kau 3 3 $ 165,000 $ 206,000
Hamakua
Coast
6 1 $ 397,000 $ 325,000

North Hilo
1 1 $ 297,900 $ 575,000
Hilo 21 13 $ 280,000 $ 280,000
Puna 41 39 $ 230,000 $ 165,000
Big Island of Hawaii 109 102 $ 329,285 $ 285,000

The number of Big Island Condo units sold were down 12% for June, but the median price rose about 3% for June ’09 vs. June ‘08.  Most of the condo buying activity is located on the Kohala/Kona
Coast and when we compare the Monthly June '08 to '09 units sold (-12%) vs. the YTD June '08 to '09 units sold (-36%), we see a slight improvement in the data.  We'll need to watch this over
time and see if it's a trend, which may indicate we're nearing the bottom of the market.

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


North Kohala
0 0 $ 0 $ 0  

Kohala Coast
9 9 $ 420,000 $ 450,000  

Kailua – Kona
18 13 $ 407,500 $ 249,000  

South Kona
0 0 $ 0 $ 0  
Kau 0 0 $ 0 $ 0
Hamakua
Coast
0 0 $ 0 $ 0

North Hilo
0 0 $ 0 $ 0
Hilo 5 6 $ 157,500 $ 70,000
Puna 0 0 $ 0 $ 0
Big Island of Hawaii 32 28 $ 301,702 $ 310,500

Our Current Market Conditions... There are 622 Single Family Homes on the market for the Kona/Kohala Coast, 101 homes in escrow and 42 homes sold during June.  We still have a 15 month supply of homes.

For Kona/Kohala Coast Condos, there are currently 688 on the market for sale, 50 in escrow and 22 sold in the past month.  That’s about a 31 month supply of condos, which slightly lower than our
last report.  A balanced is considered to be a 6 month supply of pre-existing inventory.

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