December Inventory Numbers For Waikoloa Village Homes and Condos
A good way to look at the real estate for sale in Waikoloa Village—homes and condos—is to look at the inventory numbers of properties for sale. An analysis of this inventory will tell the number of days to sell this inventory based on recent sales numbers. In real estate, 6 months is a neutral market with under six months being a seller’s market and over being a buyer’s market.
This home MLS# 250585) has the views and tropical landscaping Waikoloa is known for
Waikoloa Village Homes
Looking first at the inventory of homes for sale in Waikoloa, at this time in December, there are 54 homes listed for sale. Sales prices range from $179,900 for a major fixer upper to $975,500 for a 5-bedroom with a pool. In the past year, there have been 81 sales for homes in Waikoloa. Dividing out the number of sales per month with current homes for sale gives a time to sell the inventory of 8 months. This number is up from the inventory number of 7 months in November.
Waikoloa Village Condos
There are now 35 condos listed for sale in Waikoloa. Prices run from a low of just $69,900 for a one-bedroom in Fairway Terrace to a high of $419,000 for a Waikoloa Fairways unit. In the past year, there have been 64 sales for village condos with an average sales price of $134,989. Doing the math, Waikoloa Village condos now have an inventory of 6.5 months. This number is down from November’s time to sell of 7.8 months.
I’ll be back in January to have a review of Waikoloa real estate sales in 2011. I love the Big Island! Aloha.
Pat Strausse, RB