As soon as I receive confirmation from the escrow company that the sale of unit #906 has recorded this morning, I will call my happy Canadians buyers and congratulate them for grabbing a sweet deal at Waikoloa Colony Villas.
If you have read my last blog about the trend of the market at Waikoloa Colony Villas, you may already know that the inventory disappeared, leaving behind only 2 active listings. The 8 properties currently in escrow are 2 REO listings, 5 short sale listings (so, who knows how long it will take for them to close), and 1 regular sale.
My clients scored by getting a nice 2 bedroom turn-key unit (MLS# 242086) at $270,000 and did not to have to deal with a distressed property situation. Since the beginning of the year, 7 properties have sold, 4 among them were 2 bedroom units, but all of them were distressed properties (4 REOs and 1 short sale). Most of them were in need of TLC, or new appliances, whereas theirs was ready to move in with brand new carpet in the living and dining area.
Now let’s look at the condo market in the entire Waikoloa Beach Resort. I don’t see any condo for sale under the $300,000 mark except for a 1 bedroom condo (MLS# 228914) listed for the past 456 days at the Shores for $250,000. Only 5 condos for sale up to $350,000 are on the market. Hurry up!
Buyers can’t time their investing moves until they know what is available. This means, take the time to research the market. With my help, that’s exactly what my clients did before scheduling a trip to buy at the beginning of March. It was just a question of picking the solid properties and getting the timing right. Another satisfied client! It makes what I do rewarding and worth while…