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Here is a snapshot of September 2017 Big Island real estate market compared to September 2016 data.
Condo sales were strong at 72 number of sales. That’s a 33.33% increase compared to 54 last year. Median sales price took a slight dip, however, at $302,000 – a -3.36% decrease compared to 2016 at $312,500.
Single-family homes were steady at 200 number of sales – an 11.73% increase measured from 179 in 2016. There was a slight gain in the median sales price at $330,000. It’s a 0.92% increase measured from $327,000 last year.
The vacant land number of sales is 135. This is a decrease of -8.78% from the sales of 148 last year. There is a decent hike in the median sales price, however, at $28,000 – a 14.05% increase from 2016 median sales price of $24,550.
Year-to-Date Comparison – 2016 vs. 2017:
Condominiums
Number of Sales: 542 vs. 648 (+19.56%)
Median Sales Price: $299,000 vs. $318,250 (+6.44%)
Single-Family Homes
Number of Sales: 1,750 vs. 1,863 (+6.46%)
Median Sales Price: $325,294 vs. $341,500 (+4.98)
Vacant Land
Number of Sales: 1,346 vs. 1,555 (+15.53%)
Median Sales Price: $25,000 vs. $25,000 (0%)
Check out these Big Island real estate for sale:
Big Island Single-Family Homes
If you are interested in buying a or selling your property on the Big Island, we can be of great help. Please contact us at 1-800-735-2100 or c21allislands@hawaiimoves.com.
Information courtesy of Hawaiian Information Service on behalf of Hawaii Island Realtors.
