April 9th, 2020 2:02 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 two luxury hotels, the Hilton Waikoloa Village Hotel and the Waikoloa Beach Marriott Resort and Spa.
There is great shopping at the Queen’s Marketplace and the King’s Shops, and great restaurants like Roy’s Waikoloa Bar & Grill, the Macaroni Grill and the Lava Lava Beach Club. 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.
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At the time of this writing (Apr 2nd), there were 2 single-family homes for sale and 3 homes in escrow within the Waikoloa Beach Resort, while 28 condos are for sale with 4 in escrow. Of the homes currently on the market, the highest priced one is listed at $3,385,000, and is located at 69-1525 Anaole St in the Ainamalu at Waikoloa Beach community, while the one with the lowest price is located at 69-1519 Anaole St. also in Ainamalu at Waikoloa Beach and is listed at $2,950,000.
In the condo market, the highest price unit currently available is Unit #7F in the Kolea Condo Villas community and is listed at $2,328,000. While at the other end of the spectrum, the lowest priced condo currently on the market is listed at $424,000 and is Unit #311 in the Shores at Waikoloa Beach Resort.
In the 1st quarter of 2020, there were 3 single-family homes sold in the Waikoloa Beach Resort. The highest priced home sold for $1,395,717, from a list price of the same amount and is located at 69-9229 Ainamalu St, while the lowest priced one sold for $999,000, from a list price of $999,000 and is located at 69-9222 Ainamalu St, also in the new Ainamalu at Waikoloa Beach development.
In the Q1 time frame between January and March, there were 22 condos sold in Waikoloa Beach Resort, which has been a pretty consistent number throughout 2019. The highest priced of these condos sold was Unit 10C in Kolea Condo Villas at the sale price of $2,575,000, from a list price of $2,600,000. While the condo with the lowest sales price went for $320,000, from a list price of $385,000. It is Unit 138, in the Shores at Waikoloa Beach Resort.
Analysis: The sales volume and inventory levels of both condos and single-family homes in Waikoloa Beach Resort have remained consistent throughout 2019 and into the first quarter of 2020. There was a drop in single-family home inventory due to the completion of Phase 1 of the Ainamalu at Waikoloa Beach Development, but that should change once Phase 2 moves forward. With the coming uncertainty in the months ahead, it remains to be seen how the market will be impacted.
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 make your Hawaiian Real Estate dreams a reality. If you enjoyed this Market Update, you can read about other areas of the Kohala Coast on my Market Update page. Mahalo
Highlights of the Waikoloa Beach Market Update for Q1 2020
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