During the month of May 2010, my hometown of Waikoloa Village counted 5 new homeowners. Among the 5 homes purchased, one of them was a short sale at $339,000 (shorts sales are sales by which the proceeds fall short of the balance owned on the propertyâ€™s loan), two were Real Estate-Owned at $250,000 and $309,000 (foreclosed properties are owned by a lender, typically a bank, who removes some of the liens and other expenses on the home and tries to resell it to the public), and the last two were regular transactions at $353,500 and $449,000 in Sunset Ridge at Waikoloa.Â
April 2010 counted 6 homes that had sold in Waikoloa Village and 5 homes in March 2010â€¦. Do you see the pattern here? Letâ€™s hope for an even more fruitful month of June, wherein Buyers and Sellers meet to make their dreams come true. I will keep you posted!