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December 9th, 2017 4:30 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.
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At the time of this writing (Oct 10th), there were 32 homes for sale and 22 condos for sale in Waikoloa Village, with an additional 16 homes and 16 condos in escrow. Of the homes for sale, the highest priced one is located at 68-1765 Laie Street, and it is priced at $725,000, while the highest priced condo on the market is listed at $399,000 and is located at Waikoloa Villas Ph I & II, Apt 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 at the low price of $324,000. 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 3rd Quarter, the number of homes sold was a little higher than the number of condos sold. In the time from July 2017 through Sept 2017 there were 34 homes sold in Waikoloa Village, while 23 condos were sold. Of the homes sold, the highest priced one is located at 68-3521 Malina St and sold for $850,000, from a list price of $869,000, while the highest priced condo sold for $335,000 from a list price of $368,000, and is # E204 at The Waikoloa Villas Ph I & II. The lowest priced home to sell during the 3rd Quarter is a home located at 68-1838 Lina Poepoe St and had a sale price of $320,000, from a list price of $365,000. In the condo market, the one with the lowest sale price went for $175,000 from a list price of the same amount, and it is located in, once again, in the Fairway Terrace, Unit A202.
Analysis: Although the number of single family homes for sale in Waikoloa Village has remained constant, the volume of homes and condos sold increased noticeably over the last two quarters. The condo market, however, has seen a continuing tightening of inventory to the point where we have entered a Seller’s Market. With the increase in single-family home sales, that segment is also on the verge of becoming a Seller’s Market. It remains to be seen if this is a temporary spike, or a trend.
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 Q3 Waikoloa Village Update
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