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Waikoloa Village Real Estate Market Update for Q2 2017

Written by Posted On Wednesday, 09 August 2017 20:06

Waikoloa Village is a community located 6 miles inland from the west coast of the Big Island of Hawaii. This lovely community covers over 19 square miles and is a mixture of condominiums and single family homes.  Waikoloa Village offers its residents wonderful amenities such as an 18-hole golf course, a community swimming pool and tennis courts.

Waikoloa Village Pool

Also within Waikoloa Village is the Waikoloa Highlands Shopping Center, which contains many shops and restaurants, including the Waikoloa Village Market, Island Lava Java  and Pueo’s Osteria Italian restaurant. With its proximity to the world famous resorts and world class beaches, Waikoloa Village is an affordable alternative for the savvy buyer looking for their Hawaiian Dream Home.

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At the time of this writing (August 2nd), there were 31 homes and 32 condos for sale in Waikoloa Village. Of the homes for sale, the highest price one currently on the market is listed at $769,000, and is located at 68-3752 Piki Place. The highest priced condo currently on the market is listed at $399,000 and is located in the Waikoloa Villas, Unit G102. At the other end of the spectrum, the lowest priced home on the market is located at 68-3521 E Makuahine St and is listed $360,000. While the lowest priced condo currently on the market is listed at $159,000 and is Unit I208 in the Fairway Terrace.

Waikoloa Village HomeWhen it comes to sales in the 2nd Quarter, the number of condos sold is, quarter by quarter, catching up to the number of homes sold. In this timeframe from April 2017 through June 2017 there were 24 homes sold in Waikoloa Village, while 19 condos were sold. Of the homes sold, the highest priced one is located at 68-1608 Laie St and sold for $699,000, from a list price of $729,000. The highest priced condo sold for $425,000, from the same list price of $425,000 and is Unit #A306 at the Waikoloa Fairways.

The lowest priced home selling during the 2nd Quarter is a home located at 68-3471 Kupunakane Pl and it sold for the low price of $346,000, from a list price of $344,000, while the condo with the lowest sale price went for $161,000 from a list price $170,000, and was located in, once again, Fairway Terrace, Unit H104.

Analysis: Sales in Waikoloa Village continue at a brisk pace of about 24 homes per quarter. Even with the overall inventory of homes continuing to slowly move downward, we still remain in a somewhat balanced market. Condo sales lag a little behind homes sales so there is more inventory to be absorbed, but it also remains within the parameters of a balanced market.

If you are looking to buy or sell a home in Waikoloa Village, 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 Q2 Waikoloa Village Market Update 

  • Number of Homes currently for sale – 31
  • Number of condos currently for sale – 32
  • Highest priced home currently for sale – $769,000 68-3752 Piki Place
  • Highest priced condo currently for sale - $399,000 Waikoloa Villas G102
  • Lowest priced home currently for sale – $360,000 68-3521 E Makuahine St
  • Lowest priced condo currently for sale - $159,000 Fairway Terrace I208
  • Number of homes sold in Q1 (Jan – Mar) – 24
  • Number of condos sold in Q1 (Jan – Mar) – 19
  • Highest priced home sold in Q1 – $699,000 68-1608 Laie St
  • Highest priced condo sold in Q1 - $424,000 Waikoloa Fairways #A306
  • Lowest priced home sold in Q1 – $334,000 68-3471 Kupunakane Pl
  • Lowest priced condo sold in Q1 - $161,000 Fairway Terrace H105

If you enjoyed this update, you may like Kohala Coast Market Update for June 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.


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