Condo sales in Waikoloa Vilage in March were strong with a total of 10 units sold in the month.
The average sales price was also a strong number at an average sales price of $149,760. There was also a widening of sales into several different condos, including a $455,000 sale in the Pointe at Waikoloaâ€”this was largely responsible for bringing up the average sales price.
Here is a look at all the March sales in Waikoloa:
As usual, entry level condos Elima Lani and Fairway Terrace accounted for the majority of the closings.Â Elima Lani had half of the total sales, but at some point in the near future this may change due to a decrease in Elima Lani inventory.Â Waikoloa Hills is showing some activity in escrow with 3 units all under $150,000 now showing up as contingent.
The Waikoloa Village condo market is a very price driven market.Â So far this year, only The Pointe at Waikoloa has been able to fetch a sales price over the $200,000 market (there was a Paniolo Garden sale right at $200,000).
So, what I find interesting is that out ofÂ 37 condos for sale at this time in Waikoloa, over halfâ€”20 condosâ€”are priced over the $200,000 mark.Â Looks like we have a difference in thinking between condo sellers and condo buyers in Waikoloa right now.
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