Waikoloa condo sales for November were extremely low in number of sales with just one golf course condo the sales for the entire month. This low volume has been happening for the past few months. As the inventory of condos available for sale has gone down, the number of condos sold has also shown a decrease in numbers.
This Waikoloa condo (MLS# 259287) is a Waikoloa Villas condo on the golf course
In October there was only one condo sale as well. At some point soon the number of sales should show a healthy increase. This will happen because at this time there are 11 condos in escrow working through the selling process. About half of these are short sales, so it may be several months before they close. However, the rest of the condos in escrow should be closing sometime in the next month or two.
Waikoloa November Condo Sales
Here is a look at the single November condo sale in Waikoloa:
While actual sales closed were very slow in November, there was a bit more activity in buyers putting condos into escrow in November. Last month, there were 4 condos that went into escrow. And, to give you an idea of how much the Waikoloa condo market has heated up recently, 3 of these new escrows were condos that just came onto market in November.
Current Waikoloa December Condo Sales
So far this month, there have already been two sales of condos in Waikoloa. And, in keeping with the current trend of buyers wanting golf course condos in Waikoloa, both of these sales were condos on the golf course.