May was an active month for Waiki’i Ranch with one home and one lot going into escrow. Both pending sales show there are buyers out there, but that they are still looking for a good deal, and that the price has got to be right.
While two escrows wouldn’t be a big month for some communities, you have to remember that in past 12 months there have only been 2 lot sales and 3 homes sales at Waiki’i Ranch.
This one of a kind home (MLS# 232263) is now in escrow
The home now in escrow is an incredible handcrafted work of art that is co-listed by Jan Nores and Hawaii Life Real Estate Services. If you didn’t see this home, click on the above photo to see more pictures of what the owner is able to do with wood. Truly beautiful. This home went fairly quickly after a recent price change brought it down to $1,499,000. It was on the market for 96 days, which for this price range in Waiki’i Ranch is relatively short.
The lot that went into escrow, # 15, was a 20-acre lot listed at $375,000. This lot had been listed at $495,000 but had a price drop in February. The days on market were fairly short at only 159.
The price reductions prior to escrow on both properties show that buyers are indeed out there, but that they will wait for the right price before purchasing.
Currently, there are 5 homes and 12 lots listed for sale in the Waki’i Ranch area.
Contact me for more information about the numerous home and lots for sale in Waiki’i Ranch.