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Big Island

Waikoloa Village June Condo Sales Very Slow

June condo sales in Waikoloa Village were extremely slow with only two condos closing. This comes after a slow down in sales in May also.

The first sale was on 6/4/2011 for a Waikoloa Hills short sale—unit #304 (MLS# 242324)—that closed at $130,000. The second sale of the month was for one of my favorite recent units for sale—a beautifully remodeled Waikoloa Villas unit with ocean views, D205, that sold at $239,000 cash.

This Greens at Waikoloa unit (MLS# 244869) is one of 19 condos in escrow in Waikoloa Village

However, there was some great activity in putting condos into escrow in June with a total of 9 condos going under contract last month in Waikoloa Village. That brings the current total up to 19 condos in the closing process.

The condos going into escrow last month represented 5 complexes with 4 listings priced below $100,000 and the rest in the $100,000’s. When these condos will close is a difficult question. Many are short sales or REOs, and that means usually a longer-than-normal closing time. I’ll be back next month to report on July sales for Waikoloa condos.

I love the Big Island. Aloha.

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