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| June 2025, BIG ISLAND, HAWAII |
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Aloha friends and colleagues,
We just returned from the Compass Retreat in Denver – my third, and Emil’s second. What an energizing experience! For those who attended, you know it was more than a conference. It was a gathering of like-minded professionals focused on learning, sharing, and celebrating collaboration without ego. This year’s keynote sparked thoughtful conversations about the future of our industry and how we can better serve our clients.
Back on the Big Island, we’re seeing subtle but meaningful shifts in the real estate market. Please scroll down for our latest update. We send this newsletter in the first week of each month to help you stay informed, especially if you have clients considering Hawaii real estate.
If you’re on island, let us know – we’d love to connect. And we always enjoy receiving your market updates and newsletters (just no open house eBlasts, please!).
Mahalo, |
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| Kona Market Update June 2025 |
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Kona Single Family Home Market Insights The median price for single-family homes in Kailua Kona is at the same level as a year ago, but declined 6.5% month-over-month to $1.3 M. While inventory has remained steady since May, it is 36% higher YoY, and demand has dropped 35% YoY. With a 4.5-month supply, the market holds in neutral market territory. Homes are taking slightly longer to sell, now averaging 23 days on market for sold homes. Notably, there is only one pending sale above $2.5M (our listing!), marking the slowest luxury activity since 2020-a critical sector to monitor closely this summer.
Kona Condo Market Insights Condo prices dipped compared to last month but remain 2.3% higher YoY, with a current median of $665K. The number of transactions is down 14% YoY, while inventory has surged nearly 98%, nearing pre-pandemic levels. Although pending sales are up YoY, they declined from May, and the 7.0-month supply clearly places the market in buyer market territory. With days on market jumping to 51 days, condos are taking significantly longer to sell, over +155% YoY.
We’ll be watching closely to see if the seasonal activity bump from June to August shifts these trends
For a deeper dive into the numbers and insights, continue reading on our blog. |
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5 Things You Need to Know Before Starting Big Island Property Search |
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Before you dive into Big Island real estate, there are a few key things you should know - especially if you’re coming from the mainland or guiding buyers new to Hawai‘i. From land ownership myths to climate zones that span snowy peaks to sunny beaches, the Big Island offers a unique landscape that can shape your lifestyle, investment, and expectations. In this month’s feature, we share five essential insights every savvy buyer (and their agent) should understand before starting their property search, from tax surprises to the beauty (and occasional confusion) of Hawaiian place names. Whether you're dreaming of oceanfront luxury or ranch-style privacy, the KE Team is here to help you find the right fit, without the overwhelm. |
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The newest listings in Kona from the past two weeks! |
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| 2025 Big Island Resort Condo Market Update |
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The Big Island's resort condo markets are showing signs of transition. Inventory is rising fast, but sales activity is diverging depending on the location.
Waikoloa Resort Condos A classic case of oversupply. Prices are still up (for now), but falling pendings suggest softening ahead.
Mauna Lani Resort Condos The only resort area with rising pendings—buyers are active, but clearly price-conscious.
Mauna Kea Resort Condos A boutique market. A few high-end closings skew the data. Luxury buyers still play here, but in lower volume. |
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The newest listings in Resorts on Big Island from the past two weeks! |
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| | | Oahu : $1,150,000 | $510,000 Maui: $1,300,000 | $760,000 Kauai: $1,150,000 | $900,000 Hawaii(Kona):$1,302,000| $665,000
source: Title Guaranty Escrow |
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| | | 7 BD 6 BA 4399 SF $3,600,000 |
| Nestled in Holualoa’s renowned coffee country, this exquisite 2022-built estate seamlessly blends luxury with the essence of island living. Perched at a comfortable 1,200-foot elevation, the 1.31-acre property boasts breathtaking panoramic views of downtown Kona, the coastline, and mesmerizing sunsets. A spacious circular driveway provides ample parking, complemented by a two-car garage ideal for recreational equipment and tools. |
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| 72-4027 Ke Ana Wai Street |
| | Makalei Estates #24. Discover a rare blank canvas in Makalei Estates—Kona’s premier gated, up‑country enclave of luxury Kona Coffee Estates. Set at a cool ~1,200 ft elevation on Hualālai’s gentle western slope, this 3.02‑acre lot delivers postcard sunsets and sweeping views of Kona Coast. |
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| | | 68-1304 Lot 15 Akea Place |
| 0 BD 0 BA 0 SF $1,275,000 |
| This highly desirable, private, and shovel-ready homesite comes with HOA approval and a building permit ready to pull - will save you both time and money. |
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| | Newly in Escrow by KE Team |
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| 77-6516 Alii Drive, Unit 1 |
| 3 BD 3 BA 1,950 SF $2,300,000 |
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| "We had interviewed half a dozen agents before selecting Kai and Emil. My sister and I couldn’t imagine working with someone who might bring their own emotional stress into the process—especially when we already felt like we were navigating the wilderness ourselves. What we needed most was assurance and stability, and with Kai and Emil, we felt both. They were steady, well-prepared, and strong. We knew we made the right decision when the stock market crashed the very week we listed our home and the real estate market briefly froze. Kai and Emil stayed calm and confident. We simply stayed the course and did all the right things until the sale closed—despite the turbulence. When Kai and Emil called to congratulate us on the successful sale, I could hardly believe it. And the best part? They delivered our beloved home to the most deserving couple who will be a wonderful addition to the neighborhood." May Ng and Gi Gi Fenster
By the way, We never too busy for any of your referrals. |
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Maximize the value of your home with KE Team Hawaii. |
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Daisuke 'Kai' Ioh RB-19352 M: 808.936.6148
Emil Knysh RS-75490 M: 808.747.0503
contact us at: KEteam@compass.com check out our latest blog at: KEteamHawaii.com |
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Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. |
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