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Kohala Coast Real Estate News

Waikoloa Beach Resort Real Estate Market Update Q3 2016

October 5th, 2016 3:11 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 the Hilton Waikoloa Village Hotel and the Waikoloa Beach Marriott Resort and Spa. There is great shopping at the Queen’s Marketplace or the King’s Shops, and great restaurants like Roy’s Waikoloa Bar & Grill, the Macaroni Grill and the Lava Lava BeachClub. 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.

At the time of this writing (Oct 1st), there were no longer any single-family homes on the market in Waikoloa Beach Resort, but a new development called Ainamalu at Waikoloa Beach has just broken ground and they have initially listed 10 homes for sale. The most expensive of these homes is listed at $1,750,000 with the lowest price one listed at $699,000. In the condo arena there are a whopping 82 condos for sale in Waikoloa Beach Resort. The highest price condo currently available is listed at $2,799,500 and is Unit #4F in the 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 $299,000 and is Unit #217 in the Shores at Waikoloa Beach Resort.

View all homes for sale in the Waikoloa Beach Resort by visiting the Home Search Page.

Find out the value of your Waikoloa Beach Resort home by visiting the Home Valuation Page.

 

In the 3rd Quarter of 2016, there was, once again, no single family homes sold in the Waikoloa Beach Resort, and this is a good reason why a new development called Ainamalu at Waikoloa Beach has just broken ground with a Phase I plan of 40 new single family homes. But meanwhile, in this time frame between July and September, there were 21 condos sold, the same number that were sold in Q2. The most expensive of these condos sold was Unit 14H in Hali’i Kai at the sale price of $1,085,000, from a list price of $1,195,000. While the condo with the lowest sales price went for $315,000, from a list price of $335,000. It is Unit 228 located in the Shores at Waikoloa Beach Resort.

 

Analysis: Sales of condos in the Waikoloa Beach Resort remain slow, but steady.  The volume of sales has not been enough to absorb the amount of condos on the market at what could be called a reasonable pace, making for the continuation of a Buyer’s Market. As we head into the busy selling season, and with the Federal Election soon to be in the rear view mirror, there is hope that Buyers will gain more confidence in the market and sales will pick up.

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 come true. To read more market updates from all the areas of the Kohala Coast, visit the Market Update Page on my website. 

Mahalo

Highlights of the Waikoloa Beach Market Update for Q3 2016

  • Number of Homes currently for sale – 10 –Under Construction
  • Number of Condos currently for sale – 82
  • Highest priced home currently for sale - $1,750,000 Ainamalu at Waikoloa Beach
  • Highest priced condo currently for sale - $2,799,500 Kolea Condo Villas #4F
  • Lowest priced home currently for sale – $699,000 Ainamalu at Waikoloa Beach
  • Lowest priced condo currently for sale - $299,000 Shores at Waikoloa Beach Resort #217
  • Number of homes sold in Q2 (Apr – June) – None
  • Number of Condos sold in Q2 (Apr – June) – 21
  • Highest priced home sold in Q2 – None
  • Highest priced condo sold in Q2 - $1,085,000 Hali’i Kai #14H
  • Lowest priced home sold in Q2 – None
  • Lowest priced condo sold in Q2 - $315,000 Shores at Waikoloa Beach Resort #228

 


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