Homes for sale in Waikoloa Village for November showed a similar number of sales as previous months, but the average sales price increased quite a bit from October numbers.
Here is a look at the November homes sold in Waikoloa Village:
November had a total of six sales if you include a sale in Paniolo Estates. This is the same as October’s sales number of six sales, but the average sales price rose quite a bit—from $252,817 in October up to $352,267. However, if you look at the sales you’ll see this is largely due to one sale at $775,000—a number like this will bring up the average significantly.
As with condo sales in Waikoloa Village, the majority of sales are still short sales and REO’s, accounting for 4 out of 6 sales, or a whopping 66% of sales.
One thing I see that is interesting is that the majority of November sales were homes that had been on the market a fairly short time—except for one sale, all of these homes had been on the market for around two months or less. To me, this shows if you price a home in line with what buyers are willing to pay, you can still sell your home—even in the market of today.
I’ll be back next week to look at the homes for sale inventory levels in Waikoloa. I love the Big Island! Aloha.
Pat Strausse, R(B)