Resort Report – Waikoloa Beach Resort Condo Sales Through March 2012
Updating condo sales in the Waikoloa Beach Resort for units sold and median prices.
This graph seems in keeping with the lower inventory of listings, which has kept the number of units sold in a lower range. We’ve been predicting that this will lead to higher prices. See the graph below:
Since November 2011, the trend is unmistakable. There are many factors out there that could affect this in the future, shadow inventory perhaps creating a new round of foreclosures, but for now, the pressure of lower inventory seems to be pushing prices higher. Current inventory levels in the resort late last year were around 49 units on the market; as of this writing, levels are down to the low 40′s. Deals are still out there, but they are getting scarce.