Waikoloa Beach Resort Real Estate Needs Buyers AND Sellers
Sunrise at Anchialine ponds at Anaeho’omalu Bay in Waikoloa Beach Resort
I am constantly asked by friends, acquaintances, and clients about the state of the real estate market. The answer, of course, varies with the location. Certain markets are hotter than others. Focusing on the Waikoloa Beach Resort, I can assuredly say “it’s mixed.” Some developments have strong Seller’s markets (less than 5 months of inventory) and some have strong Buyer’s markets (more than 7-8 months of inventory).
Of the 7 developments in the resort, 3 are in desperate need of inventory. Owners at the Shores, Colony Villas and Beach Villas who are thinking of selling, NOW IS THE TIME.
Waikoloa Colony Villas Pool
Shores at Waikoloa Beach Resort has only three 2 BR, one 3 BR and no 1 BR units for sale. Analyzing the absorption rate or months of inventory, we have a strong Seller’s Market here. Average sales price was $365,000 in the last 12 months.
Waikoloa Colony Villas has just three 2 BR and no 3 BR units offered. Low inventory creates a major Seller’s Market. Average sales price over the past 12 months was $458,000.
Waikoloa Beach Villas has only three 2 BR and no 3 BR units listed. Zero to less than 3 months of inventory is definitely a Seller’s Market. Average sales price for the past year was $500,000.
Looking at the other 4 developments, there are 8 to 16 months of inventory, which pushes them to Buyer’s markets. So if you are seeking to buy and have more choice as well as bargaining power, consider these options.
Fairway Villas has ten 2 BR, but only 1 of the rarer 3 BR units available. Average sales price at the Villas was $420,000 over the past 12 months.
Hali’i Kai with its famous oceanfront club has 8 months of inventory with six 2 BR and five 3 BR on market. Last year’s average sale price was $740,000.
Oceanfront pool, fitness hale, and restaurant are featured at Hali’i Kai
Vista Waikoloa has five 2 BR units (10 months of inventory) and only 1 penthouse available presently. Average sales price for the past 12 month was $550,000 with the exception of one penthouse that fetched just over $1M. You will find the most inventory to choose from, but also the highest price point in Kolea, the gorgeous upscale oceanfront complex. Kolea has 12-16 months of inventory with seven 2 BR and twelve 3 BR units for sale. Prices start just below $750,000 and extend to over $2.5M for big ocean views.
Kolea’s spa and recreation area are footsteps from the beach
If you would like more information about markets or have specific interest in listing or purchasing on the Big Island, please contact me.