July 9th, 2020 11:06 AM by Korby Matsen
Waikoloa Beach Resort is a beautiful, world-class resort located on the west coast of the Big Island of Hawaii. This famous Kohala Coast resort contains everything to make your Hawaiian experience complete. Waikoloa Beach Resort is home to 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 on your doorstep.
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At the time of this writing (July 1st), there was just one single-family home on the market and one home in escrow in the Waikoloa Beach Resort, while 46 condos were for sale with 3 in escrow. The one home for sale in the Waikoloa Beach Resort is newly listed at $2,950,000 and is located at 69-1519 Anaole St in the Ainamalu at Waikoloa Beach Resort community.
In the condo market, the highest price condo currently available is listed at $2,328,000 and is Unit #7F in Kolea Condo Villas. While at the other end of the spectrum, the lowest priced condo currently on the market is listed at $454,000 and is Unit #N23 in The Fairway Villas at Waikoloa Beach Resort.
In the 2nd Quarter of 2020, there were two single-family homes sold in the Waikoloa Beach Resort. The most expensive of the two sold for $1,273,060 from a list price of $1,262,100 and is located at 69-9204 Anaole St. While the lowest price one is located at 69-9236 Ainamalu St and sold for $1,115,600 from a list price of the same amount. Both homes are in the Ainamalu at Waikoloa Beach Resort community.
In the condo market of Waikoloa Beach Resort, the Q2 time frame between April and June 2020 saw just 6 condos sell. The highest priced of these was Unit 14A in Kolea Condo Villas and it sold for $730,000, from a list price of $749,000. While the condo with the lowest sales price went for $451,000, from a list price of $456,000. It is Unit D4, located in The Fairways at Waikoloa Beach Resort.
Analysis: After a great beginning to 2020, the effects of the Covid-19 took its toll on the sales numbers in Q2. Single-family home sales have been low since the first phase of the Ainamalu at Waikoloa Beach development was completed, but condo sales falling to about 25% of its quarterly average is disappointing.
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 you make your Hawaiian Real Estate dreams a reality. You can read more updates about other areas of the Kohala Coast on the Market Update Page of my website. Mahalo
Highlights of the 2020 Q2 Waikoloa Beach Market Update
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