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Big Island

Waikoloa Village Condo Sales Almost Nil in February 2012

Condo sales in Waikoloa Village were extremely weak with just one condo sale closing in February. The one sale was a short sale in the Paniolo Club complex. This is even worse than January’s sales number of 2 condos.

Here is a look at that one sale:

As you can see, the sale price on this condo was about a third of the original asking price. The only good news for condo sales in February was the number of condos finding buyers and going into escrow – 4 condos in 4 different projects.

I’ll be back next week to look at the inventory level of condos in Waikoloa Village. With slow sales like this, I expect to see that number swinging in favor of buyers.

I love the Big Island! Aloha.

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