Today I took a look at sold statistics in the North Kona and South Kohala areas. I’m hearing economists forecast the end of the recession by the end of the year.
I want to watch the sales statistics for upper end and luxury residential starting from January 2009 to see when the data will identify the market “bottom.” Some think we are there, and others are still skeptical. Let’s start with single family and condominium homes in the $1,000,000+ range:
| $1,000,000+ | Median Sales Price | Units Sold |
| January | $1,540,000 | 3 |
| February | $1,000,000 | 4 |
| March | $1,400,000 | 7 |
| April | $4,900,000 | 1 |