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August 6th, 2017 2:46 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 is an affordable alternative for the savvy buyer looking for their Hawaiian Dream Home.
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At the time of this writing (August 2nd), there were 31 homes and 32 condos for sale in Waikoloa Village. Of the homes for sale, the highest price one currently on the market is listed at $769,000, and is located at 68-3752 Piki Place. The highest priced condo currently on the market is listed at $399,000 and is located in the Waikoloa Villas, Unit G102. At the other end of the spectrum, the lowest priced home on the market is located at 68-3521 E Makuahine St and is listed $360,000. While the lowest priced condo currently on the market is listed at $159,000 and is Unit I208 in the Fairway Terrace.
When it comes to sales in the 2nd Quarter, the number of condos sold is, quarter by quarter, catching up to the number of homes sold. In this timeframe from April 2017 through June 2017 there were 24 homes sold in Waikoloa Village, while 19 condos were sold. Of the homes sold, the highest priced one is located at 68-1608 Laie St and sold for $699,000, from a list price of $729,000. The highest priced condo sold for $425,000, from the same list price of $425,000 and is Unit #A306 at the Waikoloa Fairways. The lowest priced home selling during the 2nd Quarter is a home located at 68-3471 Kupunakane Pl and it sold for the low price of $346,000, from a list price of $344,000, while the condo with the lowest sale price went for $161,000 from a list price $170,000, and was located in, once again, Fairway Terrace, Unit H104.
Analysis: Sales in Waikoloa Village continue at a brisk pace of about 24 homes per quarter. Even with the overall inventory of homes continuing to slowly move downward, we still remain in a somewhat balanced market. Condo sales lag a little behind homes sales so there is more inventory to be absorbed, but it also remains within the parameters of a balanced market.
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 a reality. Mahalo
Highlights of the Q2 Waikoloa Village Market Update
If you enjoyed this update, you may like Kohala Coast Market Update for June 2017.