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Big Island

Waiki'i Ranch is a Strong Buyer's Market for Home Sales

This month, I’m going to start something new in my monthly analysis of Waiki’i Ranch real estate sales. In addition to my ongoing monthly recap of real estate sales in Waiki’i, I’m going to take a look at where the current inventory of available homes for sale is in relationship to the number of sales last year.

The real estate industry has a standard mark of a 6 month inventory being the dividing line between a buyer’s market and a seller’s market. A seller’s market is considered any market where the inventory for sale is less than a 6 months supply. A buyer’s market is more than a six month supply of inventory.

This 3 bed, 2 bath Waiki’i Ranch home (MLS# 240386) is located on 10 acres with ocean, mountain, and sunset views

In 2010, there were 5 homes sold in the Waiki’i Ranch area (one home was sold on Saddle Road which is located across from Waiki’i Ranch). Currently, there are 6 homes listed for sale in Waiki’i, this means the current inventory is at about a 15 month supply. With a current inventory of homes that will take more than a year to sell, this is a very strong buyer’s market.

Sellers can expect their homes to have long days on market. And, the days on market bears this out—one home has 1,100 days on market and another home has over 400 days on market. There are 3 homes with fairly low days on market of 60 and 90 days. However, all three of these homes are repeat listings, having been on the market before and taken off to rest, and have now been brought back as a new listing.

I use this inventory guide and think it is valuable information to share with buyers and sellers. Buyers will have this information for putting in an offer on a home and sellers for pricing a home. A good way to follow a market is over time, so it will be fun to see how the inventory times change through the year.

I love the Big Island!

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Beth Robinson R(B)

February 26, 2011

Thanks for the update, Pat. You know as a horsewoman I consider Waiki’i Ranch one of our top Big Island gated communities. And it’s great for gardeners! I appreciate your insight into the inventory there.

Beth Robinson R(B)

February 26, 2011

Thanks for the update, Pat. You know as a horsewoman I consider Waiki’i Ranch one of our top Big Island gated communities. And it’s great for gardeners! I appreciate your insight into the inventory there.

Pat Strausse, R

February 27, 2011

Thanks for reading my post Beth. It’d be great if your horses could spend some time up in Waiki’i right now. With all the recent rains, Waiki’i is really green with grass just ready to be grazed and I don’t know of anywhere more peaceful to just sit and watch them graze!
Aloha, Pat

Pat Strausse, R

February 27, 2011

Thanks for reading my post Beth. It’d be great if your horses could spend some time up in Waiki’i right now. With all the recent rains, Waiki’i is really green with grass just ready to be grazed and I don’t know of anywhere more peaceful to just sit and watch them graze!
Aloha, Pat

Waiki’i Ranch Still a Strong Buyer’s Market for Home Sales « Hawaii Real Estate Market

March 10, 2011

[…] 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 […]

Waiki’i Ranch Still a Strong Buyer’s Market for Home Sales « Hawaii Real Estate Market

March 10, 2011

[…] 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 […]

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