Aloha from Chiaki Yamada with KW-Big Island. May this year be a steppingstone for each of you towards greater happiness, success, and fulfillment.

We are embracing the high season for all the businesses on our island. Many people have been visiting, both before and during the holiday season, and now snowbirds are arriving on our island for their long stays, avoiding the cold winter weather in their home state. As a result, we are seeing more traffic around Kona and out on the Kohala Coast.

As for the current Real Estate market, we had very busy December, a result of more Buyers and more inventory coming on Market. The height of the Real Estate Market season is just starting with the arrival of the snowbirds. If you are thinking of selling your property, please do not miss this opportunity; activity is heightened and buying motivation is stronger than other seasons.

For Kona's Residential Market, due to relatively limited inventory, the market is maintaining its median price or even increasing in some popular and more affordable neighborhoods. Both inventory and buying activities increased 7% compared to 2 months ago. Pending ratio remain the steady as 47% which is "Neutal" yet the Market varies depends on the price range. The average sold price in the last 30 days is 95% of the listing price and properties are averaging 82 days on the Market for those sold in last 30 days.

Here is the information on the Kona Residential Market (Active Listings, Under Contract, Pending Ratio and Market Insight) as of 1/15/2025. Now the $1M ~ $2M market has changed to "Seller's Market", Buying activities increased the most in this price rage.
Comparing the Condo Market to the Residential Market, the Condo Market is struggling a bit, yet condos on the market priced under $500,000 are showing some improvement. Both the inventory and Buying activities increased by 9 % compared to 2 months ago yet Pending Ratio (Escrow/Active Listings) remain the same at 23% overall, which indicates there is more inventory than Buying demands at this moment. If you want to sell your condo in this market, pricing is the key factor. The average sold price in the last 30 days is 95% of listing price and condo is averaging 81 days on the Market for the those sold in last 30 days.

Here is the information on the Condo Market (Active Listings, Under Contract, Pending Ratio and Market Insight) as of 1/15/2025. Overall, any condo above $500,000 is "Buyer's Market" right now.
I am here to provide you with a detailed market analysis in your neighborhood.
If you or anyone you know may be thinking of buying, selling or both, I would be happy to be of service!