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Big Island

Waimea Home Sales Post Strong Numbers for November 2012

Home sales in November were quite strong in Waimea for both number of sales and average sales price. There were a total of eleven sales with an average sales price just under $350,000. Closed sales favored the wet side of Waimea with 7 sales there compared to just 4 dry side sales.

Here is a look at November 2012 sales in Waimea:

Sales Prices in Narrow Range

While there have been higher average sales prices in recent months due to one or two higher priced sales, November sales showed a tight range in sales price. The lowest priced sale was $222,000 and the highest was just over $409,000.

Distressed Sales are Disappearing

The number of distressed sales – either a short sale or a bank owned foreclosure home – has steadily been dropping this year. In November, there was only one short sale and one REO home that sold. Since the distressed sales have been a major factor in lower home sales prices, the absence of these sales will lead to higher sales prices in the Waimea home market.

I love the Big Island! Aloha.

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