Same Complex, Different Floor, Different Price
By Kona Home Team (LUVA LLC) Lance Owens (RB-24133), 2024 Real Estate Expert - Hawaii Island
(Kona Home Team (luva llc))
I was running comps for a client today and needed to isolate sales by floor inside the same complex. I used to manually pull them out, but found a new filter that made it much easier. Since I already had all the data in front of me, I might as well throw this article together. When I have more time, I will run the same pull on other complexes.Even inside the same complex at Kona Coffee Villas, the median closed sale price changes a lot depending on which floor the unit is on (condition plays a factor as well):• 1st floor: $460,000• 2nd floor: $565,000• 3rd floor: $569,950If you look at how the buildings sit on the hill, it makes sense. Many second-floor units are “bridge units” where you walk straight in from the parking level with no stairs but still get elevation and a view. Third-flo...
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