Condo sale prices on Hawaii’s Big Island have climbed higher in 2012 year to date. With the exception of January where prices decreased by 8.7%, Big Island condo sale prices increased in February 6.2%, March 55%, April 3.7% and in May 18.3%. The 2012 monthly unit sales were more uniform than last year, but with bad economic news continuing to come out of Europe, I fully expect U.S. consumer confidence to wane into the summer. That should trigger a fall in Big Island condo purchases, as the island is largely a second home market.
Posts Tagged ‘condo sales’
Through 2010 I felt like West Hawaii condo sales were bumping along the bottom here on the Big Island. Once we got through December, I predicted a faily flat trend line once I fed all the quarterly data into Excel. It turns out the South Kohala condo unit sales were trending slightly upward, and the North Kona condo sales were trending slightly downward.