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Waikoloa Village Real Estate Home Sales For August Show Big Drop in Numbers

Waikoloa Village home sales for last month were very slow with a total number of just 4 home sales for the village and a total of 6 homes if you include Paniolo Estates.

This low number is in contrast to a strong July number of 10 home sales in Waikoloa Village. The total number of sales was low, but the price range of sales was very nice with most of the sales going to homes in the $300,000’s.

Here is a look at the four home sales from last month:

Last month, Waikoloa Village lost some ground in the real estate game of sellers and buyers, as only 5 homes found buyers and went into escrow, but a staggering 14 homes were brought onto the market as new listings. This brings the number of homes for sale in Waikoloa Village up to a total of 52 homes.

I’ll be back next month to look at September sales figures.

I love the Big Island! Aloha.

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Annie Mendoza, (RS)

September 14, 2011

Aloha Pat! Those numbers are surprising compared to the 11 sales last August, (median sale price of $339,700). Do you feel it’s due to less inventory to choose from? or?? Mahalo for sharing!!!

Annie Mendoza, (RS)

September 14, 2011

Aloha Pat! Those numbers are surprising compared to the 11 sales last August, (median sale price of $339,700). Do you feel it’s due to less inventory to choose from? or?? Mahalo for sharing!!!

Jan Nores

September 19, 2011

Aloha Pat,
I agree with annie, that with the inventory down, as prices have corrected, the better homes are going right in to escrow, if they are priced correctly.
The left overs, are either over priced or in really bad shape for the most part. There are Buyers looking for the great house at a fair market value, the Sellers will have to be very realistic if they want to sell their home.
Let’s see how this next few weeks goes as we transition into October, with all the new listings.
My bet is the well priced,good values will fly off the list!
Best,
Jan Nores R(S)

Jan Nores

September 19, 2011

Aloha Pat,
I agree with annie, that with the inventory down, as prices have corrected, the better homes are going right in to escrow, if they are priced correctly.
The left overs, are either over priced or in really bad shape for the most part. There are Buyers looking for the great house at a fair market value, the Sellers will have to be very realistic if they want to sell their home.
Let’s see how this next few weeks goes as we transition into October, with all the new listings.
My bet is the well priced,good values will fly off the list!
Best,
Jan Nores R(S)

Pat Strausse, R

September 21, 2011

@Annie & @ Jan – One thing to remember right now is that many sales are still distressed properties, so often the time to close
can be more than the normal two months. Right now there are
15 homes in escrow so that would have usually meant 7 or 8 sales a month for the next two months. But, in these days, some of those homes may take months to close.
So far this month 8 homes have gone into escrow so that shows the market is picking up- in fact one of those homes was a new listing at $799,000 that was only on the market for 30 days.
The only problem that I see, is that there still seems to be a gap between the sales price MOST buyers will pay and where MOST sellers want to put homes.
Most sales are under $300,000 and most listings are over $300,000. There are some sales above $300,000 – for example the home at $799,000 but these homes have to either an exceptional home for the village or very well prices…or both!

Pat Strausse, R

September 21, 2011

@Annie & @ Jan – One thing to remember right now is that many sales are still distressed properties, so often the time to close
can be more than the normal two months. Right now there are
15 homes in escrow so that would have usually meant 7 or 8 sales a month for the next two months. But, in these days, some of those homes may take months to close.
So far this month 8 homes have gone into escrow so that shows the market is picking up- in fact one of those homes was a new listing at $799,000 that was only on the market for 30 days.
The only problem that I see, is that there still seems to be a gap between the sales price MOST buyers will pay and where MOST sellers want to put homes.
Most sales are under $300,000 and most listings are over $300,000. There are some sales above $300,000 – for example the home at $799,000 but these homes have to either an exceptional home for the village or very well prices…or both!

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