In looking at the current inventory of houses for sale in Waikoloa Village market, it is now officially a seller’s market!
That’s right, amazing as it sounds, the current inventory of homes for sale in Waikoloa Village is now at 5.4 months, which is a seller’s market. In real estate, the inventory of homes for sale has a dividing line at 6 monthsâ€”over 6 months is a buyer’s market and under is a seller’s market.
Since I started tracking the inventory of homes for sale in Waikoloa Village, there has been a downard trend. Last month in April, the village stood at a 6 month inventory and was looking like it was going to cross the line into a seller’s market.
In the past 12 months, there have been 95 homes sold in the Waikoloa Village Market. Currently, there are only 43 homes listed for sale, making it a 5.4 month inventory of homes for sale in Waikoloa Village.
Priced at $349,950, (MLS# 244256) has bamboo flooring, an upgraded kitchen, and granite counters
Currently, the lowest priced home in Waikoloa is at $229,900, and the highest priced is at $629,000.Â There are only 8 homes leftÂ priced under $300K and only one home under $250K.Â There are 19 homes in escrow at this time and eight of these homes are priced under $250K, showing that this has been a popular price range for buyers in recent months.
Of the remaining homes in escrow, 5 are in the $300,000 range. With the $200,000 range homes disappearing from the Waikoloa inventory, it will be interesting to see what happens with buyers. Will buyers move up into the $300,000 range and keep the sales momentum going? Or, will the lack of inventory in the sub $300,000 range start to slow down the hot Waikoloa sales market? I’ll be keeping my eye on the market and report back to you next month.
I love the Big Island! Aloha!