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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.
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.
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
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
of the Q2 Waikoloa Village Update