As of today, July 9, 2025, it seems that it is a buyer’s market for condominiums in Kailua Kona - though well maintained and properly priced units can sell quickly. Our inventory remains high.
- On the Big Island overall, condo sales have dropped ~36% from last year (48 sales in May 2025 vs 75) .
Longer Days on Market & Softer Pricing
- Days on market (DOM) have surged to ~57–82 days, compared to 27 days last year in Kona and ~38 days island-wide .
- Median condo prices rose earlier (e.g. $650K in Dec 2024 to $816K island‑wide in May 2025), but price pressure has arrived and sales volume is down .
Part of the reason for the change in the market is HOA & Insurance costs:
- Rising insurance costs and newly doubled reserve mandates are pushing HOA fees and special assessments upward .
- Financing can be an issue for a few properties that have underfunded reserves.
For Buyers this means there are more properties from which to choose. During your rsearch be sure to look at the HOA financial health, and long-term assessment risks.
For Sellers competitive pricing is essential mostly by pricing in line with recent closed sales.
🏠 Kona-Specific Highlights
North Kona condo sales dropped 44% year-over-year in May 2025—31 vs 56 in May 2024 .
Median condo price in North Kona climbed to ~$650K in May (up from $547.5K in April and $599K last May) .
- Buyers: Now is a strong opportunity—more inventory, motivated sellers, and the chance for concessions—but due diligence on condo-specific fees and insurance is critical.
- Sellers: Realistic pricing aligning with recent sales and emphasizing HOA/insurance stability is key.
