August 2024 Market Update

Sep 20, 2024

The real estate market on the Big Island remains relatively unchanged as summer comes to a close. Total sales and median prices stay within a narrow range for single-family homes. Condos continue to slow, with declining prices.

On the Hamakua Coast, total sales are down by 50%, with only three sold. And land sales reflect a 71% decrease with only one parcel sold.

This busy Realtor® sees plenty of buyers, yet few new listings to choose from, with two of my listings withdrawn due to lack of buyers paying full price! Is it still a good time to list? It is always a good time to list! Projection indicates interest rates will still go down in 2024, and there are plenty of cash buyers!

Hawaii Island Market Report Aug 2024

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“I cannot recommend Jen enough! She went above and beyond to ensure we had the best possible experience. Being unable to visit the island in person, we were understandably anxious about making such an important purchase sight unseen. However, Jen put all our worries to rest.”

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Real estate market trends chart with house and arrow.

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