Kona Market Update: Inventory Down, Sales Up!

Kona’s real estate market continues to gain momentum, as reduced inventory levels and aggressive buyers continue to take advantage of fantastic market pricing.

Our most recent market update via The Griggs Report, shows us that in North Kona’s residential market priced to 4 million,  inventory levels have been reduced 19%  when compared to the same time in 2011.

In the same market, during the same time frame that inventory has decreased, pending sales have increased by 16%.

Decrease in inventory, increase in sales…..you know quite well what is coming next. Increased pricing.

Many Realtors can attest to the fact that we don’t have the inventory we used to. It simply isn’t available. Well priced properties fly off the shelf, and my Alii Lani #F101 unit, currently in escrow, was a great example of this.

I listed the below Alii Lani #F101 condominium Friday August 3, 2012 at 8:11 a.m. Before the end of hour, I had a request for showing. Then a second showing to that same buyer by mid afternoon. The next morning, we had an offer. All parties came to terms Sunday, and we opened escrow Monday morning.

If you are a Buyer in Kona’s current real estate market, DON’T WAIT. Recovery is happening this very moment, and concrete numbers are supporting that.

Don’t be left behind!

Alii Lani For Sale, Alii Drive Real Estate, Kona Market Update, Kona Real Estate Statistics, Kona Real Estate Blog, Kona Property Blog, Big Island Real Estate, Kona Buyer's Agent, Kona Selling Agent, West Hawaii Real Estate, Kona Property, Kona Homes For Sale, Luxury Real Estate Kona, Kailua Kona Real Estate, Kailua Kona Property Video Tours

Alii Lani For Sale, Alii Drive Real Estate, Kona Market Update, Kona Real Estate Statistics, Kona Real Estate Blog, Kona Property Blog, Big Island Real Estate, Kona Buyer's Agent, Kona Selling Agent, West Hawaii Real Estate, Kona Property, Kona Homes For Sale, Luxury Real Estate Kona, Kailua Kona Real Estate, Kailua Kona Property Video Tours

By |2012-08-21T03:09:03+00:00August 21st, 2012|Buyers, General, Kona Real Estate Statistics|0 Comments

Leave A Comment