• Menu
    (808) 874-0600
    howard@howarddinits.com
  • Home
  • About Howard Dinits
    • Contact
    • Testimonials
  • Buyers
    • How Much House Can You Afford?
    • Save Thousands On Interest & Taxes
    • Questions to Ask Any Agent
    • Agent Reviews testimonials Best Big Island Real Estate
  • Sellers
    • Seller Testimonials
    • Pricing Your Home to Sell
  • Blog

Howard Dinits DinitsHoward Dinits Dinits

Dinits Realty

  • CITY SEARCH
    • Kona Coast Homes for Sale
      • Kailua Kona Homes For Sale
      • Waikoloa Homes For Sale
      • Captain Cook Homes For Sale
    • Lower Puna Homes For Sale
      • Pahoa Homes For Sale
      • Keaau Homes For Sale
    • Upcountry Homes For Sale
      • Mountain View Homes For Sale
      • Kurtistown Homes For Sale
      • Hawaii National Park Homes For Sale
      • Volcano Homes For Sale
    • Hilo Homes For Sale
    • Hamakua Coast Homes For Sale
      • Laupahoehoe Homes For Sale
      • Pepeekeo Homes For Sale
      • Honaunau Homes For Sale
      • Papaiko Homes For Sale
      • Hakalau Homes For Sale
      • Honokaa Homes For Sale
      • Honomu Homes For Sale
    • Hawi Hawaii Homes For Sale
    • Waimea Homes For Sale
    • South Point Hawaii Homes For Sale
      • Pahala Homes For Sale
      • Ocean View Homes For Sale
      • Naalehu Homes For Sale
  • BIG ISLAND MAP SEARCH
    • Kailua Kona Real Estate Map Search
    • Waikoloa Map Search
    • Waimea Map Search
    • Hamakua Map Search
    • Hilo Map Search
    • Keaau HPP Map Search
    • Pahoa Map Search
    • Hawi Map Search
  • SEARCH HOMES
    • Just Listed Homes
    • Homes For Sale by Price
  • SEARCH CONDOS
    • Condos For Sale by Price
  • SEARCH LAND
    • Land For Sale by Price
    • Just Listed Hawaii Land
    • Land 5 acres or larger

Home sales on Big Island and Kauai rose in October

Home sales on Big Island and Kauai rose in October

Falling prices and homebuyer credits draw bargain hunters locally and abroad

By Allison Schaefers

POSTED: 01:30 a.m. HST, Nov 06, 2009

(Single Page View) | Return to Paginated View

 

Home sales picked up on the Big Island and Kauai in October, according to a recent report from Hawaii Information Service.

Single-family home sales rose 48 percent on the Big Island and 39 percent on Kauai, said the report, which was released yesterday. Likewise, condominium sales rose about 21 percent on the Big Island and nearly 78 percent on Kauai; however, the percentages are somewhat skewed by the small size of these markets.

“I had three closings in one day in October,” said Howard Dinits, a Realtor with RE/MAX Resort Realty in Wailea, who specializes in Big Island and Maui sales. “I haven’t seen activity like that for three years.”

Dinits said sales are up because prices have fallen.

“I recently sold a 1,270-square-foot home for $130,000 in Hawaiian Shores Recreation Estates on the Big Island,” he said. “The same house would have sold for $265,000 in 2005.”

Dinits said bargain hunters are coming from Oahu and Maui, California, Oregon, Alaska and Canada.

The $8,000 first-time homebuyer credit, combined with the price drop, also has lured buyers who could not afford to participate during the last cycle, he said.

“There are houses selling for $70,000,” Dinits said.

The median price paid for a single-family home fell 13 percent on Kauai to $446,500 and nearly 6 percent to $282,500 on the Big Island. But while the median condominium price rose 26 percent to $357,000 on the Big Island, Kauai’s median condominium price fell 24 percent to $395,000.

Home sales picked up on the Big Island and Kauai in October, according to a recent report from Hawaii Information Service.

View Large Version >>

Single-family home sales rose 48 percent on the Big Island and 39 percent on Kauai, said the report, which was released yesterday. Likewise, condominium sales rose about 21 percent on the Big Island and nearly 78 percent on Kauai; however, the percentages are somewhat skewed by the small size of these markets.

“I had three closings in one day in October,” said Howard Dinits, a Realtor with RE/MAX Resort Realty in Wailea, who specializes in Big Island and Maui sales. “I haven’t seen activity like that for three years.”

Dinits said sales are up because prices have fallen.

“I recently sold a 1,270-square-foot home for $130,000 in Hawaiian Shores Recreation Estates on the Big Island,” he said. “The same house would have sold for $265,000 in 2005.”

Dinits said bargain hunters are coming from Oahu and Maui, California, Oregon, Alaska and Canada.

The $8,000 first-time homebuyer credit, combined with the price drop, also has lured buyers who could not afford to participate during the last cycle, he said.

“There are houses selling for $70,000,” Dinits said.

The median price paid for a single-family home fell 13 percent on Kauai to $446,500 and nearly 6 percent to $282,500 on the Big Island. But while the median condominium price rose 26 percent to $357,000 on the Big Island, Kauai’s median condominium price fell 24 percent to $395,000.

Home sales on Big Island and Kauai rose in October

http://bigislandrealestate.com

Posted in: 0

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Post navigation

« Home for sale in Hawaii for $150,000
How Much Rain Does The Big Island Get? »

Property Search

Advanced Search Map Search
Howard Dinits RB-20780
808-896-1593 Cell/Text
Dinits Realty
2763 Panepoo Street
Kihei HI 96753

Please Note: This FREE service is provided to you By Howard Dinits.
All we ask is that You Please contact us at 808-874-0600 when you are ready to make an offer. This is how we make our living and are able to pay to improve and maintain this website for your use.

Contact Us

(808) 874-0600
  • Privacy Policy
  • Terms of Service
  • Contact Information
  • IDX Site Map
© 2023 · Equity Framework
 

Privacy Policy · Listings Sitemap · Log in