May was a busy month for Waikoloa Village condo sales with 5 condo sales closing in 3 different complexes. There was a big price range with one sale below $100,000 and one above $300,000.
This Waikoloa condo at the 17th Fairway, unit #13, sold for $312,500 with 2 car garage
Fairway Terrace C105 closed at $89,000, its list price. This REO property was only on the market for 18 days. There was one other distressed property sale—an REO Elima Lani unit that sold for cash at $114,000.
Now for the somewhat surprising news—the other 3 sales were all for non distressed properties.
These sales included one Fairway Terrace unit at $115,000 and two units at the 17th Fairway. With the higher end sales of the 17th Fairway units, May’s sales average shot up to a price of $180,000, up big time from April’s average of $98,000. But, when you’re only dealing with 2 sales one month, it’s really hard to read too much into individual monthly sales stats. Better to look at whats happening each month and then to look at trends.
The trend for this month is that these two 17th Fairway condos were great deals! The unit in the photo above, #13, sold for $529,000 in 2006 so the current owners are getting it at close to 40% off that price.
This is a 2 story stand alone unit with a 2 car garage, 1,258 sq. ft., 3 bed/2.5 bath unit with lanais along the golf course and beautiful upgrades inside. These are great condos and this was a great price for this buyer!
In total, there are 51 condos on the market in Waikoloa Village. Every complex is represented, making it a great time to take a look at what Waikoloa has to offer.
For more information about any of the numerous condos for sale at Waikoloa Village, contact me