Catching up to the condominium sales in the Waikoloa Beach Resort over the past few months:
Seems to be showing a pretty healthy trend since October of 2011, which seems about the right time that the market bottomed out here. Inventory still remains low in the resort with only 43 condos on the market at this time. The recovery has been slow and steady.
Here’s a look at the sales prices:
Again, this reflects what we’ve been seeing, a modest increase in prices as the housing market recovers. Most of the buyers we are talking to recognize that the market has turned around from 2011 and is heading higher.
Even so, prices in many condo complexes are still below the original developer price when they were initially sold. In that light, this is an advantageous time to get into the market with the momentum heading to the upside.