This housing market has many people talking about home values; where they are and where they are headed. It’s also interesting to look back and see how home prices compare to values prior to the housing crisis.
Every quarter, Freddie Mac releases their House Price Index. The index usually provides monthly home values for:
- the nation as a whole
- each of the 50 states
- 367 metropolitan statistical areas
Kailua Kona Peak Numbers, Single Family Home Median Price:
- 2006= $635,000
- 2007= $608,000
Kailua Kona Current YTD Median Price
This quarter, the report also included a look at today’s home values as compared to Pre-2008 values. Here is a graphic that breaks down the numbers on a state-by-state basis:
Note that my numbers above reflect one area of the state - numbers below are a statewide average . Kailua Kona has historically been a better buy than statewide averages.