Sales Statistics for Waikoloa Village Homes For Sale – Waikoloa Inventory Low?
In Waikoloa, inventory at this point is low for homes $300,000 and under. There are exactly two properties for sale on the market that are under $250,000. Both are bank owned properties, see (MLS# 244228) priced at $219,000 and (MLS# 243243) priced at $247,000.
When looking for residential homes in Waikoloa from $250,000 to $300,000, the inventory broadens, but not by much, exactly nine homes are for sale in this range. That’s a total of 11 properties under $300K. I would say inventory in that price range is getting scarce. There are 15 Waikoloa properties currently in escrow and waiting to record. Those range in price from $180,320 to $387,900 with days on market as short as 15.
The asking price on the below home (MLS# 245040) is $279,000. This Waikoloa home is custom built and has some very nice features. A little vision for this property will go a long way. This particular property is not bank owned or a short sale, which makes the buying process much easier and quicker.
I think what many folks need to understand is that in today’s market, although prices have really come down, for many properties, you will have to do a little “fixing up†and that can include an upscale property as well, depending on if the property is a foreclosure or a short sale. So, bottom line, come to Waikoloa Village and take a look.
There are many more wonderful homes on the market just waiting for the right buyer. Take a look at these under $300,000 and take advantage of a buying opportunity. The climate in Waikoloa Village is great, the location is convenient, and Waikoloa Village has a lot to offer!
Annie Mendoza, RS
August 14, 2011
Aloha Ms. Kathy! Mahalo for this recap! It verifies what my team and I are sharing with buyers; “there is less inventory than even just 9 months ago”. Do you think that will fluctuate…or an actual trend?
Annie Mendoza, RS
August 14, 2011
Aloha Ms. Kathy! Mahalo for this recap! It verifies what my team and I are sharing with buyers; “there is less inventory than even just 9 months ago”. Do you think that will fluctuate…or an actual trend?
Kathy Awai, R(S)
August 14, 2011
Aloha Annie!
It’s really hard to say if it is a trend. I think if there are a bunch of foreclosures to be released down the road, it would make a difference but with Act 48 passed, this is definately going to slow down that process. Prices are just about what they were in 2002; unbelievable and in my opinion, if qualified to purchase, people should seriously think about buying as interest rates are also at an all time low and will remain so for a few years. It would be difficult to build some of the homes on the market today for these asking prices and or selling prices. Acutally, I remember around 2005/2006 in Waikoloa, inventory was very low for SFR homes; around 28-30 homes max. Now that number is around 45 currently active properties; so the increase in available homes isn’t all that much more.
Kathy Awai, R(S)
August 14, 2011
Aloha Annie!
It’s really hard to say if it is a trend. I think if there are a bunch of foreclosures to be released down the road, it would make a difference but with Act 48 passed, this is definately going to slow down that process. Prices are just about what they were in 2002; unbelievable and in my opinion, if qualified to purchase, people should seriously think about buying as interest rates are also at an all time low and will remain so for a few years. It would be difficult to build some of the homes on the market today for these asking prices and or selling prices. Acutally, I remember around 2005/2006 in Waikoloa, inventory was very low for SFR homes; around 28-30 homes max. Now that number is around 45 currently active properties; so the increase in available homes isn’t all that much more.
Katie Minkus, R(BIC)
August 14, 2011
Ahhhh… the need for the crystal ball… wish I had one! 😉
Katie Minkus, R(BIC)
August 14, 2011
Ahhhh… the need for the crystal ball… wish I had one! 😉