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May 13th, 2018 10:52 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 is an affordable alternative for the savvy buyer looking for their Hawaiian Dream Home.
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At the time of this writing (May 10th), there were 30 single-family homes in escrow and 21 homes for sale in Waikoloa Village, while there were 17 condos for sale and 15 condos in escrow. Of the homes for sale, the highest price one on the market is listed at $725,000, and is located at 68-3553 Haia St. Of the condos on the market, the highest priced one is listed at $399,000 and is located at Waikoloa Fairways #A303. At the other end of the spectrum, the lowest priced home on the market is located at 68-3630 Lahilahi St and is listed at $412,000. While the lowest priced condo currently on the market is listed at $160,000 and is Unit E104 in Fairway Terrace.
In the 1st Quarter, the time from January 2018 through March 2018, there were 21 single-homes sold in Waikoloa Village, while 19 condos were sold. Of the homes sold, the highest priced one is located at 68-3684 Kamuela Pl and sold at the sales price of $694,000, from a list price of $725,000. The highest priced condo sold for $430,000, from a list price of the same amount, and is Unit #15 at 17th Fairway Villas. The lowest priced home to sell during the 1st Quarter was a home located at 68-1805 Uala St that sold for $423,000, from a list price of $425,000, while the condo with the lowest sale price went for $155,000 from a list price of $159,000, and is located in, once again, Fairway Terrace, Unit I208.
Analysis: Sales in Waikoloa Village have continued at a brisk pace for most of 2017. This has caused the inventory of available homes to be reduced to the point where we are down to just a 3 months’ supply. With a balanced market being at 5 to 6 months of inventory, the Waikoloa Village market has entered 2018 firmly in a 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 a reality. Mahalo
Highlights of the Q1 Waikoloa Village Market Update
If you liked this update, you may like Kohala Real Estate Update for March 2018.