For Buyers, For Sellers, Pricing

This housing market has many people talking about home values; where they are and where they are headed. It’s also interesting to look back and see how home prices compare to values prior to the housing crisis.

 

Every quarter, Freddie Mac releases their House Price Index. The index usually provides monthly home values for:

  • the nation as a whole
  • each of the 50 states
  • 367 metropolitan statistical areas

 

Kailua Kona Peak Numbers,  Single Family Home Median Price:

  • 2005=$620,000  
  • 2006= $635,000 
  • 2007= $608,000 

Kailua Kona Current YTD Median Price 

  • 2015=$549,000
  • 2016=$590,000 

This quarter, the report also included a look at today’s home values as compared to Pre-2008 values. Here is a graphic that breaks down the numbers on a state-by-state basis:

Note that my numbers above reflect one area of the state - numbers below are a statewide average . Kailua Kona has historically  been a better buy than statewide averages. 

Real Estate Values Today Compared to Pre-2008 Peak | Simplifying The Market



Lance Owens (RS) with LUVA Real Estate 808.936.8383