In looking at Waikoloa Village condos for sale, one useful tool is to look at the inventory of condos for sale. If there is more than a six month supply of condos it is considered a buyer’s market; if there is an inventory of condos for sale under six months, that is considered a seller’s market.
At this time, there are 39 condos listed for sale in Waikoloa Village with prices ranging from $69,900 to $419,000. The average listing price for these condos is $214,771. In the past year, there have been 60 condos sold with a lowest sales price of $55,000 and a high of an even $500,000.
The average actual sales price of condos is $134,954 and that average is about 60% of the current average listing price. So, you can see there is still a large gap in pricing between what sellers would like to get and what buyers are willing to pay.
With an average of 5 condos sold per month in the last year, the time needed to sell all the condos currently listed for sale would be 7.8 months. Compared to last month’s inventory time of 7.4 months, this is a bit of an increase in the time needed to sell a condo in Waikoloa Village. This also makes it a slightly stronger buyer’s market.
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