Waikoloa Condo Inventory Continues to Show Improvement In Time Needed to Sell Condos
The Waikoloa condo market had a very slow month in actual sales last month, but the overall time it takes to sell a condo in Waikoloa continues to decrease.Â When I looked at the Waikoloa condo inventory in mid June, the number of months to sellÂ then was sitting at 9.3 months.Â At this time, Waikoloa Village is at an inventory level of 8.75 months.
This 17th Fairways unit (MLS# 245769) is on the golf course with a 2 car garageâ€”priced at $299,900
The inventory level is the average time it would take to sell a property based on the number of condos sold in the past year.Â The real estate standard of 6 months is a neutral market, with any time above that considered to be a seller’s market. So, at this time, Waikoloa is still a seller’s market for condos. I’ll be back next month to see if this trend continues.
I love the Big Island! Aloha.