Now that we're a quarter into the year, it's time to roll up our sleeves and dig into the data. The Hawaii Life Q1 Real Estate Market Report is our guide to understanding how the Big Island's market has fared so far. So, let's jump right in and see what the numbers have to say!
Report Highlights
Inventory continues to grow.
Pending and sold listings are up.
The median sold price dropped slightly.
The price per square foot rose.
Download a full copy of the report here:
Hawai'i Island Luxury Market - $3M+
Sales in the $3M+ market are up $53.3% year over year. More homes are available for sale than this time last year.
"Hawai'i Island's $3M+ real estate market saw a significant lift in both pending and sold listings from Q1 2023, offering a promising start to the year. There are more homes for sale in this market than the same time last year which is reflected in a 42.1% increase of days on market. The median sold price dropped slightly, but price per square foot rose 42.6% year over year."
Residential Market Snapshot
Hawai'i Island pending and sold listings saw a lift year over year for the first quarter of 2024.
Looking Forward
Hawai'i Island's real estate market had a positive start to 2024.
"Hawai'i Island is positioned to go into a strong second quarter, with increased inventory offering buyers more home options. Pending listings are on the rise in Q1, and buyers are getting close to asking price, signaling demand for single-family homes."
What are my thoughts on the first quarter? It's been a little quiet for me, but that is due to selling my listings! If you are interested in discussing what your property is worth today, please contact me; it's time to make a move!
Download the full report below.
Looking for properties in Hawaii? Check out my active listings!
Ta Da!
Aloha,
Jan
For the latest COVID-19 travel-related information, click here.
Kommentarer