During the month of September 2011, the community of Hali’i Kai was the shining star at Waikoloa Beach Resort with 4 condo sales out of a total of 6. Buyers didn’t wait for the whale season to start to take ownership on the Kohala Coast!
The Community of Hali’i Kai
If you look at the statistics below, the 6 sales from last month were equally coming from 3 types of sales: 2 were straight sales, 2 were developer sales, and 2 were short sales.
What is interesting—and does not show on the graph—all transactions were cash sales except for the sale at Fairway Villas (CNV). The length of time to close all the transactions ranged from a 2 week closing (Hali’i Kai developer sale) to a 7 month closing (short sale at Kolea).
In nine months, 74 condos have sold at Waikoloa Beach Resort versus 67 last year for the same period of time. There are 86 condos currently listed for sale and 80 more days to go before the end of 2011.
Based on the figures from last year, 25% of the condo sales were made in the last quarter. Let’s see if this statistic will be reached by the end of December, and if so, about 21 condos will be disappearing from the current inventory.
Stay tuned and happy selling!