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Aloha from Chiaki Yamada with KW-Big Island. I hope you are well and enjoying the warm Kona weather, which is quickly transitioning into summer.
In Kona during the summer you can expect the temperature to move into the 80ʻs during the day and I truly enjoy the evening rain showers which cools everything down. Very soon, students will be out of school and enjoying their summer break. Itʻs time for canoe regattas and beach days.
Overall in the Real Estate Market, the inventory continues to be low, but the market remains active. Residential properties under $1.2M are selling quickly, with some good properties under $1M or under $2.5M with Short Term Vacation Rental license still attracting multiple offers. We donʻt anticipate a drastic drop in the interest rate anytime soon, but more Buyers are starting to take action instead of waiting. Interest in properties in the $2M-plus range of the market has slowed since April. Yet we see a continuous flow of potential buyers from the mainland coming to Kona after selling their home during the spring and summer seasons.
Below, as of May 15th, are the Residential properties in Kailua Kona for Sale, In Escrow and Sold in last 30 days in the different price ranges.
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