Last month, I started looking at Waiki’i Ranch home sales  from the viewpoint of inventory. When there is more than a 6 month supply of homes on the market it is considered to be a buyer’s market and if it is under 6 months it is called a seller’s market. In February, with a 15 month inventory of homes for sale, Waiki’i Ranch would be considered a strong buyer’s market.
Waiki’i Ranch’s Clubhouse sits on the polo field and is widely used for community gatherings
As is often the case in Waiki’i Ranch, there has been no activity in the past month—the number of homes for sale still stands at 6 and the inventory of homes for sale still sits at a 15 month supply. How does this compare to the the two neighboring towns of Waimea and Waikoloa?
Waimea is similar with a fairly strong buyers market as well—at a 14 month inventory. But, down the hill in Waikoloa Village, homes are selling at a faster rate and Waikoloa is now down to just a 6.6 month supply of homes. As you’ve heard before, real estate is very local! I’ll be back next month to see if there has been any change in Waiki’i Ranch homes.
I love the Big Island!
Waiki’i Ranch Has 5 Year Supply of Lots For Sale at Present Sales Rate « Hawaii Real Estate Market
May 14, 2011
[…] for sale, usually shows slower sales activity than the rest of the Big Island. I like to report on sales at Waiki’i Ranch, but so far, 2011 is proving to be a very difficult market for sellers at Waiki’i […]
Waiki’i Ranch Has 5 Year Supply of Lots For Sale at Present Sales Rate « Hawaii Real Estate Market
May 14, 2011
[…] for sale, usually shows slower sales activity than the rest of the Big Island. I like to report on sales at Waiki’i Ranch, but so far, 2011 is proving to be a very difficult market for sellers at Waiki’i […]