February 22nd, 2017 7:14 AM 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 (Feb 17th), there were 39 homes and 41 condos for sale in Waikoloa Village. Of the homes for sale, highest priced ones currently on the market are two listed at $799,000, and are located at 68-1838 Pili Kai Pl and 68-1878 Kaupapa Pl respectively. While the highest priced condo currently on the market is listed at $425,000 and is Unit A306 in the Waikoloa Fairways. At the other end of the spectrum, the lowest priced home on the market is located at 68-3471 Kupunakane Pl and is listed at the low price of $334,900. While the lowest priced condo currently on the market is listed at $165,000 and is Unit I208, located in Fairway Terrace.
When it comes to sales in the 4th Quarter, the number of condos sold outpaced the number of homes sold. In the time from Oct 2016 through Dec 2016 there were 24 homes sold in Waikoloa Village, while 30 condos were sold. Of those homes sold, the highest priced one is located at 68-3614 Haena St, and sold for $950,000, from a list price of $995,000. While the most expensive condo sold for $449,000, from a list price of $449,000 and is Unit A300, located in the Paniolo Gardens. The lowest priced home to sell during the 4th Quarter was a home located at 68-3528 Makuahine St, that sold for $265,000, from a list price of $260,000, and the condo with the lowest sales price went for $130,00, from a list price of $145,000 and is located in, once again, Fairway Terrace, Unit E101.
Analysis: Sales in Waikoloa Village continue at a fairly brisk pace. The inventory of homes has been reduced from a 6 month supply in the 4th quarter of 2015 to a 4 month supply through most of 2016. This puts the Waikoloa Village market at almost the equilibrium between a buyers and sellers 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 come true. Mahalo
Highlights of the 2016 Q4 Waikoloa Village Update
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