West Hawaii Listings and Sales Wrap-Up for July-(Iulae) July 31
Okay, we’ve got around 90 days till the election! Ugh, Can we stand three more months of the political blather? AND SPEAKING OF BLATHER, HOW ABOUT SOME MORE HOUSING STATISTICS? Here’s a wrap-up of the July listing and sales data for West Hawaii (Waimea, Waikoloa & Kohala).
TODAY IN WAIMEA:
- 114 homes on the market (inventory still climbing)
- 16 are less than or equal to $400,000 (that’s 14% of the total market)
- The least expensive = $275,000
- The most expensive = $5,390,000
- The highest days on market (DOM)= 888
- Number of homes sold in July = 7 (over 16 months worth of supply)
IN WAIKOLOA VILLAGE:
- 97 homes on the market (down from 109 last month)
- 14 are under $400,000 (14.4% of the inventory)
- The least expensive = $325,000
- The most expensive = $799,000
- The highest days on market (DOM)= 510 (a home in Kilohana Kai)
- Number of homes sold in July = 4 (Only 2 years supply)
- IN KOHALA:** NOTE** Kohala data includes the entire district of North Kohala, including the coast and residential resort properties.
- 80 homes on the market (holding fairly steady)
- 3 are less than $400,000 (less than 4% of the inventory, making Kohala the least affordable area of West Hawaii)
- The least expensive = $350,000
- The most expensive = $15,000,000
- The highest days on market (DOM)= 581 (in The Heathers at Kohala Ranch
- Number of homes sold in July = 3 (a modest 26 months of inventory!)
IN SUMMARY: Inventory is holding pretty steady with only a very gradual decline in prices, though you may note I am quoting number of homes less than $400,000 in each market now (as opposed to homes under $500K which I did when I started reporting over a year ago, since that benchmark has moved down. Bottom line though, with an average of OVER 22 MONTHS OF INVENTORY AVAILABLE, there’s got to be some more aggressive pricing or we’ll be at this a long, long time!
Aloha, “Mikie”
Mikie Likes It LLC
Realtor Referrals & Mortgage Freedom
Waikoloa, Hawaii
Phone: (808) 896-1943
eMail: Mike@MikeSells.com
website: MikeSells.com




