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Home Resources The Day-Lum Real Estate Blog East Hawaii Market Update
East Hawaii Market Update PDF Print E-mail
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East Hawaii shows mixed results as the 1st quarter of 2011 came to a close.  The median price in many cases shows a decrease as compared to 2010 for the same period, with the exception of South Hilo which showed a gain of 5.56% for residential property.   However, a very promising sign is that the number of sales is showing an increase over 2010 in most areas with the exception being residential property in Puna.

Data provided by Hawaii Information Systems:

Median Price

 

 

Year to Date

 

 

2010

2011

% Inc/Dec

Puna

Residential

$ 160,000

$ 150,000

- 6.25 %

Vacant Land

$ 24,000

$ 22,500

- 6.25 %

 

South Hilo

Residential

$ 270,000

$ 285,000

5.56 %

Vacant Land

$ 140,000

$ 175,000

25.00 %

Condominiums

$ 94,500

$ 77,750

- 17.72 %

 

North Hilo

Residential

$ 415,000

$ 200,000

- 51.81 %

Vacant Land

$ 265,000

$ 240,000

- 9.43 %

 

Hamakua

Residential

$ 238,500

$ 175,500

- 26.42 %

Vacant Land

$ 170,000

$ 176,500

3.82 %

 

Number of Sales

 

 

Year to Date

 

 

2010

2011

% Inc/Dec

Puna

Residential

123

115

- 6.50 %

Vacant Land

148

153

3.38 %

 

South Hilo

Residential

36

45

25.00 %

Vacant Land

5

8

60.00 %

Condominiums

9

13

44.44 %

 

North Hilo

Residential

2

5

150.00 %

Vacant Land

1

1

0.00 %

 

Hamakua

Residential

6

6

0.00 %

Vacant Land

3

6

100.00%

Last Updated on Tuesday, 05 April 2011 11:58