Chat with us, powered by LiveChat
Big Island

Waikoloa Village January Condo Sales Show Increase In Numbers

Sales for Waikoloa Village condos for January showed a pick up in sales numbers with a total sales of five condo closings last month. Elima Lani had two units sold, Fairway Terrace also sold two condos and the fifth sale went to The Greens At Waikoloa. Getting back up to five sales is a healthy sign after December’s low of just three recorded sales. Read my December sales blog for those details.

Here is a look at January sales in Waikoloa Village:

Fairway Terrace C 103    Sold $74,932  Days on market = 6

Elima Lani  Sold $90,000  Days on market = 22

Fairway Terrace F102  Sold $97,400  Days on market = 83

Elima Lani 1301  Sold $108,370  Days on market = 20

Greens At Waikoloa  Sold $149,000  Days on market = 114

Many of Waikoloa Villages’ condos are located along the village golf course and owners play at a discounted rate

As you can see, the sub $100,000 condos usually do not stay on the market for very long. This month, an Elima Lani condo that was priced under $100,000 was on the market for just 7 days before it had an accepted offer and was put into escrow.

There are 17 Waikoloa Village condos in escrow at this time, so it looks like sales figures for the next few months will continue to show some strong sales numbers.

I love the Big Island!

Comments (10) Show CommentsHide Comments (Remember)

Cool. Add your comment...

Your email address will not be published. Required fields are marked *

Leave your opinion here. Please be nice. Your Email address will be kept private, this form is secure and we never spam you.

Katie Minkus, R(BIC)

February 27, 2011

Aloha Pat – are you seeing any price trends you can point to yet?

Katie Minkus, R(BIC)

February 27, 2011

Aloha Pat – are you seeing any price trends you can point to yet?

Pat Strausse, R

February 27, 2011

Good question Katie – last years average price for Waikoloa condos started the year at $186,000 and ended at just under $125,000. I don’t think this year will be a repeat of that. There is starting to be a price difference betweeen Elima Lani and Fairway Terrace for both distressed sales and regular sales. Elima Lani has had several sales in the $125,000 to $130,000 range so will help to bring up the average sales price of condos in the village.
Also last year there were only 4 sales for condos prices in the $200,000’s and only 2 sales for condos prices in the $300,000’s and that was as high as the market went. This month we have had a Pointe at Waikoloa unit that sold at $500,000 so that will really bring the average sales price up! But, this month we have also had some sales in two other complexes – Paniolo Gardens and Waikoloa Villas.
Many owners of Waikoloa condos have realized that they need to compete with the really low short sale prices of the resort condos. These lower priced condos are starting to bring in buyers to a variety of complexes in Waikoloa. And, as we get a few more sales above the $100,000’s the average price will slowly rise higher. Be interesting to see what the average sales price is for December 2011! Care to submit your estimate?

Pat Strausse, R

February 27, 2011

Good question Katie – last years average price for Waikoloa condos started the year at $186,000 and ended at just under $125,000. I don’t think this year will be a repeat of that. There is starting to be a price difference betweeen Elima Lani and Fairway Terrace for both distressed sales and regular sales. Elima Lani has had several sales in the $125,000 to $130,000 range so will help to bring up the average sales price of condos in the village.
Also last year there were only 4 sales for condos prices in the $200,000’s and only 2 sales for condos prices in the $300,000’s and that was as high as the market went. This month we have had a Pointe at Waikoloa unit that sold at $500,000 so that will really bring the average sales price up! But, this month we have also had some sales in two other complexes – Paniolo Gardens and Waikoloa Villas.
Many owners of Waikoloa condos have realized that they need to compete with the really low short sale prices of the resort condos. These lower priced condos are starting to bring in buyers to a variety of complexes in Waikoloa. And, as we get a few more sales above the $100,000’s the average price will slowly rise higher. Be interesting to see what the average sales price is for December 2011! Care to submit your estimate?

Gary Bodine

April 21, 2011

Can you tell me where I can get more info on the following closed sale, such as size, bedrooms, etc?

Greens At Waikoloa Sold $149,000 Days on market = 114

Gary Bodine

April 21, 2011

Can you tell me where I can get more info on the following closed sale, such as size, bedrooms, etc?

Greens At Waikoloa Sold $149,000 Days on market = 114

Gary Bodine

April 21, 2011

Can you tell me any more about the size, bedrooms, etc?

Gary Bodine

April 21, 2011

Can you tell me any more about the size, bedrooms, etc?

Pat Strausse, R

April 21, 2011

Hi Gary, Look no further –
Greens At Waikoloa A201 MLS # 236202 TMK #3-6-8-3-12-7

Sold 1/14/2011 for $179,000 conventional loan, 2 bedroom 2 bath,
1,062 sf living area

I’ll also send you a private email with this information.

Aloha,
Pat

Pat Strausse, R

April 21, 2011

Hi Gary, Look no further –
Greens At Waikoloa A201 MLS # 236202 TMK #3-6-8-3-12-7

Sold 1/14/2011 for $179,000 conventional loan, 2 bedroom 2 bath,
1,062 sf living area

I’ll also send you a private email with this information.

Aloha,
Pat

More Articles from Hawaii Life