Residential Market Continues to be Strong

 
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. The Residential Market is showing uptrends while the Condo Market is showing some downtrends.

Below data comes from Hawaii Information Service.
 
 
Here’s a look at the December results and 2024 Year End for the North Kona Residential and North Kona Condos. For the Year End Result, the Residential Market shows a significant increase in both Median Price and Sold Qty., while on the Condo Market, the Median Price shows an increase and slight decrease in Sold Qty.

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.