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’
Big Island Condo Sales Jan-May 2012 vs 2011
Tuesday, June 12th, 2012South Kohala Condo Sales 2009 through 2011
Friday, February 24th, 2012The question I am asked most often “is this the bottom of the real estate market?” I reply we can only look at the past to try to answer that question. It also helps to pay attention to what economists are saying and what the hopes and fears are about the stock market. In our South Kohala luxury real estate market here on Hawaii Island, the stock market is a big factor in the decision making process as that is where most of the cash comes from.
2010 West Hawaii Condo Sales
Thursday, January 6th, 2011Through 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.

