Big Island Kamuela Home Sales For August Show Stronger Numbers
The Big Island town of Waimea (Kamuela) home sales for August were one of the better selling months in 2010 with a total of six sales, up from only two sales in July.Â Year-to-date Waimea has had a total of 36 sales and is just slightly ahead of last year’s sale figure of 35 home sales. These dead even sales numbers continue to lag the overall upward trend of the rest of the Big Island, where August sales numbers year to date are up almost 35% .
This dryside home shows the charm of the green hills of Waimea. It sold in August for $930,000.
Once again, the green side of Waimea had the majority of the sales with a total of four, leaving the dry side only two sales for the month. The average sales figure was up quite a bit in August, hitting $422,900. Distressed properties were again a large percentage of total sales with a total of three, composed of two short sales and one REO.
Green side sales had two sales in the popular Puu Nani subdivision located just past Hawaiian Homes in the hills. There was also a short sale for a home in the nearby Mokuloa subdivision that closed at $442,500 for a listed price of $550,000, by far the lowest sale in recent Mokuloa history. This particular home actually had another short sale in its history, when itÂ sold as a partially builtÂ home in 2002 for only $270,000. The only other sale this year in Mokuloa was for $600,000.Â OneÂ other sale on theÂ high side ofÂ green side salesÂ was a Puu Nani home with 1942 sf of living space that sold for $410,000.
On dry side Waimea, the top sales of the month was $930,000 cash for a charming home that had been listed at $1,075,000. This home is in the heart of Waimea, on just over 2.5 acres. The other dry side sale was for aÂ REO property in the Ahuli Park subdivision for $214,900.
Overall, the number of homes for sale grew slightly in August with 16 new listings coming onto market.Â There were a total of eight homes that went into escrow last month withÂ the new phase 3 at Lualai at Parker Ranch bringing in three of theseÂ escrows. A Lualai home was also one of only two price increases last month, compared to 20 price drops.
Currently, the total number of homes on the market in Kamuela is 90. For more information, please feel free toÂ contact me.