Resort Report – Waikoloa Beach Resort Condo Sales For June/July 2012
We are catching up on condo activity in the Waikoloa Beach Resort in June and July. Following a continuing pattern, prices are trending higher and sales in units are up, but less so.
In terms of unit sales July 2012 is equal to July 2011, but there is a clear trend up from October 2011 to the present. With only 36 condo listings in the Waikoloa Beach Resort, it will be interesting to see if that sales trend can continue given the low inventory.
Here is the median price graph:
This graph shows some pretty strong evidence for the fact that the extremely low inventory has been pushing prices higher. The next months, August through December 2011, were very low in sales and median price, and it will be interesting to see how the rest of 2012 measures up.