Last month, I started looking at Waiki’i Ranch home salesÂ Â from the viewpoint of inventory.Â When there is more than a 6 month supply of homes on the market it is considered to be a buyer’s market and if it is under 6 months it is called a seller’s market.Â In February, with a 15 monthÂ inventory of homes for sale, Waiki’i Ranch would be considered a strong buyer’s market.
Waiki’i Ranch’s Clubhouse sits on the polo field and is widely used for community gatherings
As is often the case in Waiki’i Ranch, there has been no activity in the past monthâ€”the number of homes for sale still stands at 6 and the inventory of homes for sale still sits at a 15 month supply.Â How does this compare to the the two neighboring towns of Waimea and Waikoloa?
Waimea is similar with a fairly strong buyers market as wellâ€”at a 14 month inventory. But, down the hill in Waikoloa Village, homes are selling at a faster rate and Waikoloa is now down to just a 6.6 month supply of homes. As you’ve heard before, real estate is very local!Â I’ll be back next month to see if there has been any change in Waiki’i Ranch homes.
I love the Big Island!