Aloha from Chiaki Yamada with KW-Big Island. I hope that wherever you might be you are enjoying the summer while keeping yourself cool. Kona’s weather is typical for summer, with sunny mornings and showers in the afternoon and evening keeping us cool and pleasant. Wonderful coffee growing weather!
Current global and domestic uncertainty is having a notable impact on the real estate market in Hawaii which leads some hesitation from some Buyers. However, there are some well-priced, move-in ready properties in good location, which are going into escrow after only a few days on the market. And I am continuously receiving inquiries about Hawai`i properties from potential buyers. I think the dream of living in Hawai`i is still alive and there are still great opportunities to seize in this ever-changing market. As a professional real estate broker, I can guide both sellers and buyers to the best opportunities!
For Kona's Residential Market, according to statistical data, median prices are still high and maintained. Since these figures are calculated based on properties which have already been sold, it’s indicative that a greater number of high-priced homes are being purchased compared to those which are more affordable. Compared to last month (May), inventory increased by 7% and the Pending Ratio decreased by 20% which indicates Buying activity is slowing down. For the first time in many years the Residential Market has turned into a Buyer’s market by the pending ratio. Currently, we have 149 homes for sale and 37 are in escrow, which is a 25% pending ratio. Average Days on Market now shows 120 days.
Here is the information on the Kona Residential Market (Active Listings, Under Contract, Pending Ratio and Market Insight) as of 6/23/2025. The Market varies depends on the price rage.
Comparing the Kona Condo Market to the Residential Market, the Condo Market continues to struggle with high inventory, meaning prices are trending down. Compared to last month (May), the inventory increased by 4% and the Pending Ratio decreased by 40%, indicating that buyer activity decreased tremendously. Currently, we have 194 condos for sale and only 26 are in escrow, which is a low 13% pending ratio. Average Days on Market now shows 113 days.
Here is the information on the Kona Condo Market (Active Listings, Under Contract, Pending Ratio and Market Insight) as of 6/23/2025. The Market is currently a "Buyer's Market".
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!
Below, you can see the North Kona Median Price and Sold Qty changes, month to month, for the last two years. The Red line is the Median Price, and the Blue line is the Sold Qty. In April, we saw both price and Sold Qty drop from the previous month.
Below data comes from Hawaii Information Service.
Here’s a look at the April 2025 data compared to April 2024 and the YTD result. The median price has continued to increase, according to statistical data. Since this figure is calculated based on properties which have already sold, it indicates that a greater number of high-priced homes are being purchased compared to more affordable ones. The Sold Qty of both Residential and Condo properties have dropped compared to April 2024.
North Kona Median Price Increases in the Residential and Condo Markets
There has been a drastic price increase since 2019. The Residential median price has almost doubled, and Condo prices have increased by 66% since 2019.
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Aloha from Chiaki Yamada with KW-Big Island. I hope that wherever you might be you are enjoying some early summer weather. Kona has had more rain than usual this month after a fairly dry spring. Summer is right around the corner with its sunny mornings and evening showers to keep you cool.
As you know, Hawai`i’s real estate market relies heavily on the resort and/or second home market. Therefore, in the month of May we usually experience a market slow down. Inventory, buying activities, and the quantity of properties sold all showed some decrease this month, compared to the first four months of the year, Hawai`i’s “high” winter season.
Additionally, the real estate market is significantly driven by supply and demand, which directly impacts property prices. For this reason, the Kona Residential (single family home) market, which is experiencing relatively low inventory, is still maintaining the median price. While on the other hand, the Condo market continues to struggle due to increased inventory and lower buying activities.
For Kona's Residential Market, according to statistical data, median prices are still high and continue to rise. Since these figures are calculated based on properties which have already been sold, it’s indicative that a greater number of high-priced homes are being purchased compared to those which are more affordable. Compared to last month (April), inventory decreased by 5 % and the Pending Ratio decreased by 15 % which indicates the market slow down.
Here is the information on the Kona Residential Market (Active Listings, Under Contract, Pending Ratio and Market Insight) as of 5/23/2025. Overall, the Market is "Neutral."
Comparing the KonaCondo Market to the Residential Market, the Condo Market continues to struggle with high inventory, meaning prices are trending down. Compared to April, the inventory remains at the same high and the Pending Ratio decreased by 24%, indicating that buyer activity decreased tremendously. Currently, we have 189 condos for sale and only 32 are in escrow, which is a low 17% pending ratio.
Here is the information on the Kona Condo Market (Active Listings, Under Contract, Pending Ratio and Market Insight) as of 5/23/2025. The Market is currently a "Buyer's Market".
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!
*During my son's spring break, we spent a weekend at the Hawai`i Volcanoes National Park, but we missed the eruption by one day. The volcano has erupted at least 15 times since December. Each eruption has been very short, so when you hear the volcano is erupting you must go and see the display right away.
*Spring is in the air with the beautiful jacaranda trees coming into bloom and two of the island’s favorite festivals coming up in April.
*Chocolate lovers won’t want to miss the Big Island Chocolate Festival, April 10, 11, & 12, at the Waikoloa Beach Marriott on the Kohala Coast. The festival includes Guided Cacao Plantation Tour & Chocolate Sampling, Farm Seminars on cacao production, and Tasting Demonstrations. An Evening Gala invites guests to don masks and party finery; amid roaming circus-themed performers guests can enjoy walkabout savory and sweet culinary booths, a chocolate fountain, entertainment, DJ dancing, and a silent auction. For more information, and tickets to any of the events, https://bigislandchocolatefestival.com.
*The 62nd Annual Merrie Monarch Hula Festival – dedicated to the memory of King David Kalakaua, a patron of the arts, especially music and dance - will be held in Hilo April 20 to 26. Three days of hula competition are the highlight of this week-long celebration of hula and the Hawaiian culture. Craft fairs, demonstrations, free hula performances, and a parade are all part of the festivities. Tickets to the competition are limited and went on sale Dec. 1, 2024. To find out whether any tickets are currently available call the Merrie Monarch Festival office - 808-935-9168. A schedule of events can be found at MerrieMonarch.com. And, the festival will be televised, which is a great way to watch the majesty of the hula from your home.
Big Island Hawaii Quiz !
If you can name these areas, you are true island lover.
Left : Kiauela Volcano Right : Waikoloa Beach Resort
Below, you can see the North Kona Median Price and Sold Qty changes, month by month, for the last two years. The Red line is the Median Price, and the Blue line is the Sold Qty. Statistically the Residential Market maintains both Median Price and Sold Qty while the Condo Market is showing some downtrends.
Below data comes from Hawaii Information Service.
Here’s a look at the February 2025 data compared to February 2024 and the YTD result. The median price has continued to increase, according to statistical data. Since this figure is calculated based on properties that have already been sold, it indicates that a greater number of high-priced homes are being purchased compared to more affordable ones.
North Kona Median Price Increases in the Residential and Condo Markets
There has been a drastic price increase since 2019. The Residential median price has almost doubled, and Condo prices have increased by 66% since 2019.
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Located within the gated Fairway Villas community in the Waikoloa Beach Resort, this beautifully appointed and well maintained 3 bedroom, 3 bathroom townhouse offers an exceptional opportunity as an already successful vacation rental, a primary residence, or second home. With 1,613 square feet of living space, this elegant unit is steps from the community’s pool activity center.
Aloha from Chiaki Yamada with KW-Big Island. I hope that wherever you might be you are enjoying beautiful spring weather.
At the beginning of April, the Real Estate market experienced a slowdown compared to March. I attribute this to the end of the busy winter season, on-going political uncertainty, and the volatile stock market. However, right after the tax deadline (April 15), market activity increased. We are definitely feeling more "Market Sensitivities."
I also notice that buyers have become more selective. The well-priced properties in good condition with the more desirable views or location can still generate multiple offers, while others stay on the market for a longer time. Since Hawai`i is a resort market which attracts 2nd home buyer, retirees and investors, there are still motivated buyers who are waiting for the right property. Or the price must be compelling enough to make buyers take action!
For Kona's Residential Market, according to statistical data, the median price is still high and continues to rise. Since these figures are calculated based on properties which have already been sold, it’s indicative that a greater number of high-priced homes are being purchased compared to more affordable ones. Compared to March, Inventory increased by +10% and the Pending Ratio decreased by 9% which means there is more supply and lower buying activities.
Here is the information on the Kona Residential Market (Active Listings, Under Contract, Pending Ratio and Market Insight) as of 4/21/. Overall, the Market is "Neutral."
Comparing the KonaCondo Market to the Residential Market, the Condo Market continues to struggle with high inventory. This means prices are trending down. Compared to March, the inventory remains at the same high and the Pending Ratio decreased by 19%, which means buyer activity decreased tremendously. Currently, we have 187 condos for sale and only 42 are in escrow, which is 22% pending ratio.
Here is the information on the Kona Condo Market (Active Listings, Under Contract, Pending Ratio and Market Insight) as of 3/25/2025. The Market is currently a "Buyer's" Market".
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!
*During my son's spring break, we spent a weekend at the Hawai`i Volcanoes National Park, but we missed the eruption by one day. The volcano has erupted at least 15 times since December. Each eruption has been very short, so when you hear the volcano is erupting you must go and see the display right away.
*Spring is in the air with the beautiful jacaranda trees coming into bloom and two of the island’s favorite festivals coming up in April.
*Chocolate lovers won’t want to miss the Big Island Chocolate Festival, April 10, 11, & 12, at the Waikoloa Beach Marriott on the Kohala Coast. The festival includes Guided Cacao Plantation Tour & Chocolate Sampling, Farm Seminars on cacao production, and Tasting Demonstrations. An Evening Gala invites guests to don masks and party finery; amid roaming circus-themed performers guests can enjoy walkabout savory and sweet culinary booths, a chocolate fountain, entertainment, DJ dancing, and a silent auction. For more information, and tickets to any of the events, https://bigislandchocolatefestival.com.
*The 62nd Annual Merrie Monarch Hula Festival – dedicated to the memory of King David Kalakaua, a patron of the arts, especially music and dance - will be held in Hilo April 20 to 26. Three days of hula competition are the highlight of this week-long celebration of hula and the Hawaiian culture. Craft fairs, demonstrations, free hula performances, and a parade are all part of the festivities. Tickets to the competition are limited and went on sale Dec. 1, 2024. To find out whether any tickets are currently available call the Merrie Monarch Festival office - 808-935-9168. A schedule of events can be found at MerrieMonarch.com. And, the festival will be televised, which is a great way to watch the majesty of the hula from your home.
Big Island Hawaii Quiz !
If you can name these areas, you are true island lover.
Left : Kiauela Volcano Right : Waikoloa Beach Resort
Below, you can see the North Kona Median Price and Sold Qty changes, month by month, for the last two years. The Red line is the Median Price, and the Blue line is the Sold Qty. Statistically the Residential Market maintains both Median Price and Sold Qty while the Condo Market is showing some downtrends.
Below data comes from Hawaii Information Service.
Here’s a look at the February 2025 data compared to February 2024 and the YTD result. The median price has continued to increase, according to statistical data. Since this figure is calculated based on properties that have already been sold, it indicates that a greater number of high-priced homes are being purchased compared to more affordable ones.
North Kona Median Price Increases in the Residential and Condo Markets
There has been a drastic price increase since 2019. The Residential median price has almost doubled, and Condo prices have increased by 66% since 2019.
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