Big Island Real Estate Updates | November 2023

Sales Activity for North Kona – The Big Island Real Estate

Sales Volume and Median Prices:

During November 2023, the North Kona real estate market showcased dynamic trends in both residential and condo sectors. A total of 22 residential properties were sold, highlighting the continued demand for homes on the island. As of this writing, we have 98 active listings ranging from $575,000  – $49,000,000.

The lowest-priced fee simple home that was sold in November was located in Kuakini Heights for $639,288 and the highest-recorded sale was a property in Kukio for $35,000,000.

1. Market Trends: The real estate market in North Kona remains vibrant, with a steady increase in home prices compared to previous years. This trend can be attributed to factors such as location, scenic beauty, and the overall desirability of the Big Island. Buyers continue to show interest in North Kona, appreciating the unique lifestyle and investment opportunities it offers.

2. Current Inventory and Days on Market: As of November 2023, the inventory of homes for sale in North Kona experienced a slight increase of 6%, indicating a healthy supply of properties. The average number of days on the market for homes in North Kona during this period was 54, reflecting a balanced market where properties are selling at a reasonable pace.

3. Factors Driving the North Kona Market: While interest rates have arrived in the 8%’s, homes are still selling and we are not experiencing extreme dips.

 The real estate market in North Kona on the Big Island of Hawaii continues to exhibit positive growth and stability and if you are looking to purchase or sell, I will gladly assist.