Big Island Market Snapshot Shows Prices Trending Up

We recently did some research for a client on sales of all 2 bedroom condos in the Waikoloa Fairway Villas in 2011 and 2012 so he could get a sense of where the prices have been.

FWV

We call this a snapshot because it only captures one condo complex in a large and diverse market. But this graph covers sales over 22 months and shows a pretty clear trend of rising prices and seems pretty representative of the market here. We think the answer of “Have we hit the market bottom?” has been answered definitively. While some buyers may lament missing the absolute bottom of the market, prices are still a bargain compared to the height of the market.

In 2006 there were 8 sales of the same 2 bedroom condos at the Fairway Villas; the average sales price was $663,000. Now is a great time to buy into the Big Island market. If you would like specific information on a condo complex, subdivision, or area of West Hawaii, contact us.

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One Response to “Big Island Market Snapshot Shows Prices Trending Up”

  1. annie
    November 18, 2012 at 9:49 am #

    Mahalo, Dan and Marion! I agree that although “hitting the bottom” seems too have passed, prices are still a bargain for paradise. My current favorites are Kamilo at Mauna Lani, Hali’i Kai at Waikoloa and there are still some pocket listings at Mauna Kea Beach Resort!

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