August Home Sales are officially in and West Hawaii (AKA North Kona) shows an increase of 36% , not a typo, 36%, wait, let me spell it out, Thirty Six Percent Increase August 2018 vs August 2019. Excuse me for a minute, still processing "West Hawaii - is - North Kona"... lol, that statement has messed with my mind for 19 years now.
Back to the market report, if you have followed my market reports over the past 15 years, you already know that I, never, never, never like to "adjust" data, especially when see others use "seasonal adjustment"..... excuse me, but are we not comparing August of last year with August of this year? I believe they are they same season?
Well, I have to break my rule this time, because last August was "Lava" season and the good news is, this August is not "Lava" season. So if I compare 2017 numbers with 2019 numbers we are still looking good .... August 2017 showed 45 home sales, up over 2016 of 42 home sales. With 2019 at 49, we show a very steady increase over a 4 year period when seasonally adjusting the numbers .
Now would be a great time to sit down with a, boots on the ground, local Realtor and go over the Kona real estate market. Give me a call 808-936-8383 Lance Owens (RS) LUVA Real Estate
A little about the author: Lance Owens (RS) is currently the "Immediate Past President" for West Hawaii Association of Realtors, a Director on the State Board "Hawaii Association of Realtors" RPAC Trustee for WHAR, follows the Government Affairs Committee (GAC) closely and has written many real estate articles on Linkedin, Activerain and his own web blog KonaHomeTeam .
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