In 2024, Kona maintained its No. 1 spot with the highest average sales price in Hawaii. At nearly $20M, the market remains 25% above the state’s average. All Hawaii markets have seen strong growth in the last year, with Kona’s sales prices rising about 10% compared to 2023 and almost doubling the averages of 5 years ago.
Strong continued price appreciation
Kona remains the highest-priced market in Hawaii
Average DOM are the lowest since before 2017 and of all Hawaii markets, at 197 days
Favorable seller conditions
Besides growing valuations, Kona holds more favorable conditions for sellers looking to transact on the market. On average, Kona sees luxury properties move significantly faster than even a few years ago—2024 shows a record low of 197 days average Days On Market (DOM), on a steady decline over the past few years. Along with faster sales cycles, the divergence between list prices and realized prices has steadily increased upwards of 15% over the past 2-3 years, from a low of just 1.5% in 2022.
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