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Competition Continues To Set Records
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Competition Continues To Set Records
September 2018
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Big Island prices were flat in July, with the median home price down -1.5% from July last year to $320,000 and the median condo price flat at $292,000. East Big Island market conditions are still showing stronng in spite of volcanic activity.
The Big Island sales activity was down again in July, with the number of home sales down -15% and condo sales down -40% from July last year.
Bid Ups of Big Island homes and condos are up from July last year. In July 2018, 1 in every 8 homes sold and 1 in every 11 condos sold were bid-up over asking price.
| SINGLE FAMILY HOMES | This Month SEPTEMBER 2018 | Last Month AUGUST 2018 | Last Year SEPTEMBER 2017 |
|---|---|---|---|
| Median Sale Price | $368,000 | $357,000 | $332,000 |
| Average Sale Price | $504,000 | $479,000 | $567,000 |
| Homes Sold | 185 | 194 | 204 |
| Median Days on Market | 46 | 53 | 59 |
| Bid Ups | 12% | 13% | 10% |
| CONDOMINIUMS | This Month SEPTEMBER 2018 | Last Month AUGUST 2018 | Last Year SEPTEMBER 2017 |
|---|---|---|---|
| Median Sale Price | $298,000 | $330,000 | $302,000 |
| Average Sale Price | $516,000 | $509,000 | $599,000 |
| Condos Sold | 59 | 79 | 72 |
| Median Days on Market | 42 | 32 | 87 |
| Bid Ups | 7% | 10% | 6% |
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