January 14th, 2018 3:44 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 the Hilton Waikoloa Village Hotel and the Waikoloa Beach Marriott Resort and Spa.
There is also 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 (Jan 5th), there were 8 single-family homes on the market in Waikoloa Beach Resort and 22 homes in escrow. The highest priced of the homes for sale is currently listed at $10,250,000 and is located at 69-1077 Kolea Kai Circle, in the Kolea subdivision, while the lowest price one listed at $899,000 and can be found at 69-9229 Ainamulu St, in the new development, Ainamalu at Waikoloa Beach.
In the condo arena there are currently 61 condos for sale in Waikoloa Beach Resort and 20 condos in escrow. The highest priced condo on the market is listed at $2,550,000 and is Unit #4F in the Kolea Condo Villas, which is part of the Kolea subdivision. While at the other end of the spectrum, the lowest priced condo currently available is listed at $363,000 and is Unit #318 in the Shores at Waikoloa Beach Resort.
In the 4th Quarter of 2017, there was, once again, no single-family homes sold in the Waikoloa Beach Resort but many of the 22 single-family homes currently in escrow are new construction homes awaiting completion in the new development called Ainamalu at Waikoloa Beach, which has recently broken ground with a Phase I plan of 40 new single-family homes. But meanwhile, in this time frame between October and December, there were 17 condos sold, and the highest priced of these was Unit 9H in Hali’i Kai, which sold for $975,000, from a list price of $910,000. While the condo with the lowest sales price went for $365,000, from a list price of $379,000 and is Unit 214 located in the Shores at Waikoloa Beach Resort.
Analysis: Sales of condos slowed down considerably in the 2nd of half of 2017 over the first half. After moving from a Buyers’ Market to a Balanced Market in 2017, we are starting to slip back into Buyers’ Market territory. Once the new construction homes start to be completed, single family home sales will spike significantly. Still a great time to buy in the Waikoloa Beach Resort.
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 come true. Mahalo
Highlights of the Waikoloa Beach Market Update for Q4 2017
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