Condo sales for Waikoloa Village dropped to almost nothing in October with just one sale for the entire month. The sole sale for last month was an Elima Lani short sale for unit #102 that closed at $120,000. This was a ground floor golf course frontage condo.
While sales were slow, there was activity in condos going into escrow. During the month there were 3 condos that went into escrow. There was plenty of activity in new listings with a total of 7 condos coming onto the market. But, the overall number of available units will actually go down as there was a total of 9 condos taken off the market.
Waikoloa Hills unit went into escrow after the price was slashed from $149,900 to $100K
Currently, there are 14 condos in escrow, so future months should go back to higher levels of closed sales. Elima Lani and Fairway Terrace continue to provide most of the condo sales and current escrows, but Waikoloa Hills now has 3 units in escrow.
Waikoloa Hills unit #504, (MLS# 227744), is an REO that had an almost unbelievable price drop down to $100,000. This puts this unit drastically below the other two units in escrowâ€”the next door unit #503 is in escrow with aÂ listedÂ price ofÂ $157,000.
There are now 41 condos on the market in Waikoloa, starting at $87,000 and ranging up to $635,000.Â If you’ve been following my monthly updates, you’ll see that the number of available units is slowly going downâ€”we’re down about 10 units from just 6 months ago.
If you would like to see any of these Waikoloa condos, please contact me.Â I’ll be back next month with a look at November sales.