Hawaii Real Estate News

Blog of all what is great about Hawaii, the Big Island including Real Estate, News and Events.

The Wonders of the Big Island

The wonders of this island never seem to amaze me, while looking at a 17 acre piece of beautiful forest on the Hamakua side of the island, listed for $349,000,  we came across this really unusual mushroom.  Still trying to find out the name of it and whether or not it was poisonous. Does anyone have any clues?  I was almost afraid to touch it.  That is what I really love about living on this Big Island, there is so much diversity, you can be in the warm Pacific ocean, look up and see snow, it can be pouring rain one minute and then see a  beautiful rainbow the next.  I never get tired of it even after  30 years here.  And the best part is I never have to shovel snow again!

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Kona Residential Real Estate Market

The latest data on the North Kona Residential market indicates inventory increasing very modestly and median price unchanged over the past 2 months.  There has been an increase of active listings in the under $400,000 price range over the same period.  In early summer that inventory was down to the low 20s and now stands at 32.  This is likely the result of an increase in foreclosure filing that we saw early in the year.  In the price ranges from $400,000 to $700,000, the Pending Ratio indicates strong demand versus supply.

The running year over year appreciation rate has dropped back to +11% from +14% in the early summer.   

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