In just one month, Waikoloa Village homes saw their value go up by 20%.
March sales numbers are in for homes in this Kohala Coast community. While the overall number of salesâ€”five for the monthâ€”was on track with January and February, the average price increased from $333,722 for the 1st two months of 2010 up to $400,000 in March.
This Waikoloa Village home (MLS# 219391) features hardwood floors throughout as well as stunning mountain and coastal views
The most notable change in March sales was the absence of any homes selling in the $200,000 range. Rather, sale prices ranged from $334,000 all the way up to $510,000. As the the average sales price of $400,000 was only $10,000 less than the average asking price, buyers apparently found little negotiating room.
April, too, should be a busy sales month at Waikoloa Village, given the 19 homes currently in escrow, many of which should be closing this month. The village is also likely to attract many last-minute home buyers eager to take advantage of the $8,000 federal tax credit before it expires at the end of April.Â For these reasons, the value of homes at Waikoloa Village will likely continue to increase next month, reflecting increasing demand for these properties.
Contact me for more information about the numerous homes for sale in Waikoloa Village.