Foreclosure Homes in Kailua Kona, HI

Current Market Conditions in Kailua Kona, HI

The real estate market in Kailua Kona has been experiencing steady growth over the past year, attributed to low inventory and high demand from both local and remote buyers. Properties near the coastline are particularly sought after, driving prices up and making it a competitive market.

Investors are keenly interested in vacation rentals due to the area's tourism appeal, which has further influenced market dynamics. The blending of residential and investment interests has led to developments of new condos and single-family homes, catering to a variety of lifestyles.

Overall, the market remains strong with a positive trend, although potential buyers are advised to act quickly as desirable properties are frequently sold above asking price.

Rent Prices In Kailua Kona, HI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Kailua Kona, HI, is on a rollercoaster ride. The average rent price in Kailua Kona, HI, is $2,360.00. Indeed, when looking to rent in Kailua Kona, HI, you can expect to pay as little as $1,040.00 or as much as $4,840.00, with the average rent median estimated to be $2,280.00. The good news is that finding an affordable and desirable property to rent in Kailua Kona, HI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.