Sunday, 17 December 2017

Waikoloa Beach Resort Market Update for Q3 2017

Written by Posted On Wednesday, 01 November 2017 20:01

Waikoloa Beach Resort  is a beautiful resort located on the West Coast of the Big Island of Hawaii. This world famous Kohala Coast resort contains everything to make your Hawaiian experience complete. Waikoloa Beach Resort is home to two resort hotels, the Hilton Waikoloa Village Hotel and the Waikoloa Beach Marriott Resort and Spa.

Queens Marketplace

There is also awesome shopping at the Queen’s Marketplace or the King’s Shops, and amazing restaurants like Roy’s Waikoloa Bar & Grill, the Macaroni Grill and the Lava Lava Beach Club. Waikoloa Beach Resort also contains two world class golf courses, the Beach Course and the King’s Course, and of course, the spectacular white sand beaches are also close by.

 

View all homes for sale in the Waikoloa Beach Resort. Instantly find out the value of your Waikoloa Beach Resort Home. Discover how my Vacation Rental Mgt Program can save you $1,000’s.

At the time of this writing (Oct 10th), there were seven single-family homes on the market in Waikoloa Beach Resort and 14 homes in escrow. The most expensive of the listed homes is priced at $6,495,000 and is located at 69-1037 Kolea Kai Cir, in Kolea, with the lowest price one located at 69-9200 Ainamalu, in the new development called Ainamalu at Waikoloa Beach, with a list price $858,000.

Waikoloa Beach Resort GolfIn the condo arena there are 60 condos for sale and 9 units in escrow in Waikoloa Beach Resort, with the highest price one listed at $2,550,000 and located at Unit #4F in Kolea Condo Villas, which is part of the Kolea subdivision. While at the other end of the spectrum, the lowest priced condo currently on the market is listed at $385,000 and is Unit #C3 in Waikoloa Fairway Villas.

In the 3rd Quarter of 2017, there were no single family homes sold in Waikoloa Beach Resort, but there are 9 homes in the new Ainamalu at Waikoloa Beach development that are in escrow. But meanwhile, in this time frame between July and September, there were 15 condos sold. The highest priced of the sold condos is Unit #7D in Kolea Condo Villas that sold for $1,325,000, from a list price of $1,399,000. While the condo with the lowest sales price went for $339,000, from a list price of the same amount. It is Unit 118 located in the Shores at Waikoloa Beach Resort.

Analysis: Sales of condos in the Waikoloa Beach Resort slowed down considerable after six months of brisk sales. The sales volume has returned to the slow steady pace of 2016, but the difference being, less condos are on the market. So although we are still in a Buyer’s Market, the reduction of inventory has brought us  little closer to a balanced market.

If you are looking to buy or sell a home in Waikoloa Beach Resort, or anywhere on the Kohala Coast, contact me today. I will help you make your Hawaiian Real Estate dreams a reality. Mahalo

Highlights of the Waikoloa Beach Market Update for Q3 2017

  • Number of Homes currently for sale – 7
  • Number of Homes currently in escrow - 14
  • Number of Condos currently for sale – 60
  • Number of Condos currently in escrow - 9
  • Highest priced home currently for sale - $6,495,000 69-1037 Kolea Kai Cir in Kolea
  • Highest priced condo currently for sale - $2,550,000 Kolea Condo Villas #4F
  • Lowest priced home currently for sale – $858,000 69-9200 Ainamalu at Waikoloa Beach
  • Lowest priced condo currently for sale - $385,000 Fairway Villas #C3
  • Number of homes sold in Q3 (July – Sept) – None
  • Number of Condos sold in Q3 (July – Sept) – 15
  • Highest priced home sold in Q3 – None
  • Highest priced condo sold in Q3 - $1,085,000 Kolea Condo Villas #7D
  • Lowest priced home sold in Q3 – None
  • Lowest priced condo sold in Q3 - $339,000 Shores at Waikoloa Beach Resort #118

If you enjoyed this update, you may like Mauna Lani Resort Market Update for Q3 2017

First published at www.viewhawaiiluxuryhomes.com/MarketUpdates

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Korby Matsen

Korby Matsen is a REALTOR® Broker with Hawaii Luxury Real Estate located on the Big Island of Hawaii.

He was born and raised in the beautiful city of Vancouver Canada and moved to Austin Texas in 1998 during a corporate merger in the semiconductor distribution industry. Having been an active Real Estate Investor since 2003, he decided that in 2007, after 20 years in semiconductor distribution, he would take the passion and experience he gained as an investor and turn it into full-time career in Real Estate Sales. Since then, Korby has helped many clients fulfill dreams of home ownership, as well as helping others to sell their homes and move on to new stages in their lives.

After many trips to Hawaii over the years, Korby decided to combine his love for Hawaii with his passion for real estate, and in 2014 made the permanent move from Texas to the Big Island of Hawaii  His time as a Real Estate Investor and in Sales has given him an understanding of his client's needs and expectations, expertise with the entire home buying process, as well as knowledge of the real estate business cycles, both nationally and locally. His clients have called him professional, patient and knowledgeable, and he looks forward to using those skills to make your real estate dreams come true.

www.viewhawaiiluxuryhomes.com

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