Big Island Real Estate Overview for Q3
As a luxury real estate specialist in Kona, Hawai’i, I’m excited to share the latest insights on the Big Island real estate market. The Q3 2024 market report for the West Hawai’i, Kohala Coast, and Captain Cook regions showcases exceptional growth and demand for high-end properties across various price points. Whether you’re an investor, a lifestyle buyer, or simply seeking your own piece of paradise, Big Island’s real estate landscape offers unparalleled opportunities.
Q3 Overview: $2.5M – $5M Big Island Real Estate
The $2.5M to $5M price range continues to be a sweet spot for many buyers in the Hawai’i Island real estate market. This segment boasts an average sale price of $3,348,275, with an impressive average price per square foot of $1,231. The rapid absorption rate of just 52 days on the market underscores the limited inventory available, as buyers compete to secure their dream home on Hawai’i Island.
Q3 Overview: $5M – $10M Big Island Homes
The luxury Big Island real estate market, with properties priced between $5M and $10M, has been particularly robust. The overall average sales price in this range was strong, showcasing the continued appeal of high-end living on the Big Island. Affluent buyers are willing to pay a premium to own, drawn to the island’s unparalleled natural beauty, world-class amenities, and unique cultural experiences.
Q3 Overview: $10M+ Big Island Properties
At the top end of the market, the Big Island real estate landscape has also seen remarkable activity. Properties priced at $10M and above have commanded a significant share of the overall sales, catering to the demands of the most discerning buyers. These luxury estates offer unparalleled privacy, bespoke features, and access to the island’s exclusive lifestyle, making them highly sought-after among investors and lifestyle-oriented purchasers.
Hawai’i Island’s reputation as a premier luxury real estate destination continues to grow, and the Q3 2024 data indicates this trend is poised to persist. Investors, lifestyle buyers, and those seeking their own private oasis are drawn to the Big Island’s unmatched natural beauty, world-class amenities, and more.
As your trusted Kona real estate agent, I am here to guide you through this dynamic market and help you find the perfect property for your needs. Whether you’re looking to invest in a high-end residence, explore a 1031 exchange, or find your full-time residence, I’m committed to providing personalized service and expertise to ensure a seamless real estate journey on the Big Island.
To learn more about the current state of the Big Island real estate market and the exclusive opportunities available, please don’t hesitate to reach out. I’m excited to discuss how I can assist you in achieving your real estate goals on Hawai’i Island.