With the month of August ending it is time to look at a couple of statistics for the residential market of Waikoloa Village. This market is definitely happening!Â 11 new listings came up during the month of August listed from $229,000 (MLS# 237996)Â to $525,000 (MLS# 237716). Fifty-four percent of these listings are either short sales or REOâ€™s.Â Â
Buyers have a large inventory to choose from. There are 50 residential listings on the market priced from $224,000 (MLS# 234246)Â to $795,000 (MLS# 231438). If everything goes well the Village will have 26 new homeowners, since 26 escrows are currently waiting to close.
The month of August scores with 11 sales from $194,000 to $475,000. Sixty-three percent of these closed transactions were short sales or REOâ€™s. A regular transaction is no longer part of the landscape.
For an update on Waikoloa Village condos, I would recommend that you read the latest blog of my associate Pat Strausse, another expert on the Waikoloa Village market.Â I give you â€œrendez-vousâ€ next month for the September statisticsâ€¦. Until then, feel free to contact me.