Housing Prices Keep Rising on Big Island

The median price of a single-family home on the Big Island up for 24 percent year over year last month on fewer sales according to Hawaii Information Service on behalf of Hawaii Island Realtors.

The big home prices increase was driven partially by the sales of homes in North Kohala that went around a $1.6 million median sales price.

The number of sales of single-family home was 177 on the Big Island in April and it was 4 percent down (185 single family home) when compared to April 2014. The median price of those homes soared from $315,000  to $390,000.

Even though the median sales price of condominium decreased by 18.8 percent to $260,000 from $320,000 compared to a year ago, the 79 condominium units sold last month were up 21.5 percent from the 65 units sold.

Year to date through April, a total of 619 single-family homes have been sold on the Big Island, up 5 percent from the 590 sold during the same time last year.

About the Author

Brandon Lau grew up in Kailua and currently resides in Honolulu with his wife Andee and children Caylah, Elijah, and David. His eighteen years in real estate led him to become a Partner at ChaneyBrooks Choice Advisors. Over the past 10 years he has developed the team and systems that has created a high level of service and value for his clients.

What differentiates Brandon and his team is his consultative approach to real estate. He advises clients with relevant data and expert insight to help them make the best choices in real estate. Good choices in planning for long term dispositions, negotiating for the best price or knowing when not to pursue an investment are ways his consultative services will give you an advantage in the marketplace. His bottom line is providing service with the utmost integrity and expertise.