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Kohala Coast Real Estate News

Waikoloa Village Real Estate Market Update Q2 2016

September 10th, 2016 12:30 PM by Korby Matsen



Waikoloa Village is a community located 6 miles inland from the west coast of the Big Island of Hawaii. This lovely community covers over 19 square miles and is a mixture of condominiums and single family homes.  Waikoloa Village offers its residents wonderful amenities such as an 18-hole golf course, a community swimming pool and tennis courts.

Also within Waikoloa Village is the Waikoloa Highlands Shopping Center, which contains many shops and restaurants, including the Waikoloa Village Market, Island Lava Java and Pueo’s Osteria Italian restaurant. With its proximity to the world famous resorts and world class beaches, Waikoloa Village makes for an affordable alternative for the savvy buyer looking for their Hawaiian Dream Home.

Search all homes for sale in Waikoloa Village by visiting my Home Search Page.

Find out the value of your Waikoloa Village home by visiting my Home Valuation Page.

At the time of this writing (Sept 4th), there were 35 homes and 30 condos for sale in Waikoloa Village. Of the homes for sale, the most expensive one continues to be the home located at 68-1875 Malina Place, although its list price has been reduced from $1,100,000 to $995,000, while the most expensive condo on the market is listed at $425,000 and is located at the 17th Fairway Villas @ Waikoloa #16.  At the other end of the spectrum, the lowest priced home on the market is located at 68-3528 Makuahine St and is listed at the low price of $313,747. While the lowest priced condo currently on the market is listed at $149,000 and is Unit M103 in the Fairway Terrace.

When it comes to sales in the 2nd Quarter, the number of homes sold was only slightly higher than the number of condos sold. In the time from April 2016 through June 2016 there were 25 homes sold in Waikoloa Village, while 22 condos were sold. Of the homes sold, the most expensive is located at 68-1788 Niu Haohao Place and sold for $770,000, while the most expensive condo sold for $525,000 and is Unit #15 at The Pointe @ Waikoloa. The lowest priced home to sell during the 2nd Quarter was a home located at 68-3512 Makuahine St and had a sale price of $351,219, while the condo with the lowest sale price went for $140,000 and is located in, once again, Fairway Terrace, Unit M206.

Analysis: The number of condos sold in Waikoloa Village has remained relatively constant for the last three quarters while house sales saw a significant drop this quarter over last (37 homes sold to 25). This may be more of a seasonal adjustment as the number of homes on the market also fell. Overall, both the condo and house markets have consistently, over the last three quarters, had 4 to 6 months of inventory available, putting this market as close to equilibrium between a Buyer’s Market and a Seller’s Market as you can get.  



If you are looking to buy or sell a home in Waikoloa Village, or anywhere on the Kohala Coast, contact me today. I will help you make your Hawaiian Real Estate dreams come true.

Mahalo

Highlights of the Q2 Waikoloa Village Update 

  • Number of Homes currently for sale – 35
  • Number of condos currently for sale – 30
  • Highest priced home currently for sale – $995,000 68-1875 Malina Pl
  • Highest priced condo currently for sale - $425,000 17th Fairway Villas @ Waikoloa #16
  • Lowest priced home currently for sale – $313,747 68-3528 Makuahine St
  • Lowest priced condo currently for sale - $149,000 Fairway Terrace M103
  • Number of homes sold in Q2 (Apr – Jun) – 37
  • Number of condos sold in Q2 (Apr – Jun) – 17
  • Highest priced home sold in Q2 – $770,000 68-1788 Niu Haohao Pl
  • Highest priced condo sold in Q2 - $525,000 The Pointe @ Waikoloa #15
  • Lowest priced home sold in Q2 – $351,219 68-3512 Makuahine St
  • Lowest priced condo sold in Q2 - $140,000 Fairway Terrace M206

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