Hawaii Island Market Update: February 2023

by | Mar 28, 2023

The Big Island Real Estate market continues to challenge both buyers and sellers. With it’s nine distinctive districts, this island offers a “mixed bag” when it comes to: number of properties on the market, number of days on the market, number of buyers ready, willing and able to purchase, and number of sellers with somewhere else to go. If you want to purchase in Kona, whether it be a single family home or condo, be prepared to still offer full or above full list price, while finding yourself in the company of other aggressive offers! (I know this first hand as I just represented a buyer I have been working with for over a year, who has yet to go into escrow on a home!) But, if you are looking to pick up a ¼ to 3+ acre vacant lot in the Puna District, buyers are in a much better position to make an offer below list price and actually go into escrow!

The Hamakua Coast is my backyard! What is our situation? Very Little Inventory! It seems to be an oxymoron that I actually have six listings along this gorgeous coastline, yet still have a challenge finding the right buyers! My current listings include two 1+ acre parcels in the only sustainable-living subdivision on our island, compared with a 20-acre parcel, all boasting awesome ocean views; a 10-acre turn-key equestrian property, compared with a ½ acre move-in ready tree-top home, plus a ¾ acre vintage home that has fallen out of escrow twice! I’m not complaining…just being honest! As both a buyer’s and seller’s agent, it is a very interesting time to be a Realtor®! How can I help you?

What Clients Are Saying

“Jen was very proactive in all aspects of selling our property and found contractors to keep the property looking good throughout the listing period. She also provided advice throughout the process and was very helpful in getting the transaction done at a distance (we were on the mainland throughout the process). Her knowledge of the Hamakua Coast was very helpful in helping prospective buyers understand the regulatory and practical issues associated with shoreline properties.”

Read Testimonials