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October 29th, 2017 3:55 PM by Korby Matsen
Waikoloa Beach Resort is a beautiful resort located on the West Coast of the Big Island of Hawaii. This world famous Kohala Coast resort contains everything to make your Hawaiian experience complete. Waikoloa Beach Resort is home to two resort hotels, the Hilton Waikoloa Village Hotel and the Waikoloa Beach Marriott Resort and Spa.
There is also awesome shopping at the Queen’s Marketplace or the King’s Shops, and amazing restaurants like Roy’s Waikoloa Bar & Grill, the Macaroni Grill and the Lava Lava Beach Club. Waikoloa Beach Resort also contains two world class golf courses, the Beach Course and the King’s Course, and of course, the spectacular white sand beaches are also close by.
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At the time of this writing (Oct 10th), there were seven single-family homes on the market in Waikoloa Beach Resort and 14 homes in escrow. The most expensive of the listed homes is priced at $6,495,000 and is located at 69-1037 Kolea Kai Cir, in Kolea, with the lowest price one located at 69-9200 Ainamalu, in the new development called Ainamalu at Waikoloa Beach, with a list price $858,000.
In the condo arena there are 60 condos for sale and 9 units in escrow in Waikoloa Beach Resort, with the highest price one listed at $2,550,000 and located at Unit #4F in Kolea Condo Villas, which is part of the Kolea subdivision. While at the other end of the spectrum, the lowest priced condo currently on the market is listed at $385,000 and is Unit #C3 in Waikoloa Fairway Villas.
In the 3rd Quarter of 2017, there were no single family homes sold in the Waikoloa Beach Resort, but there are 9 homes in the new Ainamalu at Waikoloa Beach development that are in escrow. But meanwhile, in this time frame between July and September, there were 15 condos sold. The highest priced of the sold condos is Unit #7D in Kolea Condo Villas that sold for $1,325,000, from a list price of $1,399,000. While the condo with the lowest sales price went for $339,000, from a list price of the same amount. It is Unit 118 located in the Shores at Waikoloa Beach Resort.
Analysis: Sales of condos in the Waikoloa Beach Resort slowed down considerable after six months of brisk sales. The sales volume has returned to the slow steady pace of 2016, but the difference being, less condos are on the market. So although we are still in a Buyer’s Market, the reduction of inventory has brought us little closer to a balanced market.
If you are looking to buy or sell a home in the Waikoloa Beach Resort, or anywhere on the Kohala Coast, contact me today. I will help you make your Hawaiian Real Estate dreams a reality. Mahalo
Highlights of the Waikoloa Beach Market Update for Q3 2017
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