Waikoloa Village condos for sale showed fairly slow November sales numbers as well as a downturn in average sales price. Here are the condo sales stats for November:
As you can see, there were 5 sales in November, up a bit from the total of just 4 sales in October. The average sales price for November, however, was down slightly to $144,010 from October’s $156,500. Days on market for November was much lower at 132.6 days.
Condos that were either a short sale or a REO were again the majority of sales at 3 out of 5, or 60% of the month’s sales. In looking at the condos in escrow at this time, there are only 9 condos in the works, so most likely the next couple of months’ numbers will stay close to 5 sales. The average price may fall some though as 5 of these future sales are all prices listed at under $100,000.
I’ll be back next week to look at the inventory levels for Waikoloa condos. I love the Big Island! Aloha.
Pat Strausse, R(B)