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Big Island's Waimea (Kamuela) Real Estate Home Sales For July Favor Dry Side

In looking at last months real estate home sales for the Big Island town of Waimea (Kamuela), the dry side had a slight lead over the wet side. Most of the dry side sales came from that side’s new subdivision—Lualai, where two new developer homes and one resale home closed in July. The high sale of the month went to a wet side home in the high-end Mokuloa subdivision. Overall, the average sales price for the month’s sales was $380,833.

Here’s a look at all the homes that closed sales in July in Waimea:

If you look in the last column, you’ll see I’m including a look at which sales are the distressed sales…and surprisingly, there were no short sales or REOs that closed in Waimea last month. It was a little slow on homes going into escrow last month with only 4 homes finding willing buyers in July.

I’ll be back next week to look at the inventory level of homes in Waimea and see if that key indicator has changed from the last time I posted inventory figures.

I love the Big Island! Aloha.

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Annie Mendoza, RS

August 14, 2011

Wow…mahalo, Pat!! Living on the dry side seems pretty perfect if a person wants to be close to the schools and the dynamic Waimea community as well as the resorts/beaches for recreation. But you would know this: if you have horses, the wetside is better, yeah? How do you like it?

Annie Mendoza, RS

August 14, 2011

Wow…mahalo, Pat!! Living on the dry side seems pretty perfect if a person wants to be close to the schools and the dynamic Waimea community as well as the resorts/beaches for recreation. But you would know this: if you have horses, the wetside is better, yeah? How do you like it?

Katie Minkus, R(BIC)

August 15, 2011

Aloha Pat… In reading back through some of your older blogs, and going with the assumption that properties take roughly 60 days from offer to sold, I see that our Waimea sales trend seems to stick with the traditional “snowbird” pattern of more sales activity in Jan – March and less in April and May. Given this, seems to me the smart buyers will be here in September – November to pick up the “shoulder season bargains…” What are you seeing in terms of your upcoming buyers’ visits?

Katie Minkus, R(BIC)

August 15, 2011

Aloha Pat… In reading back through some of your older blogs, and going with the assumption that properties take roughly 60 days from offer to sold, I see that our Waimea sales trend seems to stick with the traditional “snowbird” pattern of more sales activity in Jan – March and less in April and May. Given this, seems to me the smart buyers will be here in September – November to pick up the “shoulder season bargains…” What are you seeing in terms of your upcoming buyers’ visits?

Pat Strausse, R

August 17, 2011

@Katie, I have several buyers on island this month and am very busy showing all around the island but have just a couple coming over so far for September so for me it looks like a fairly typical slow down for visitor showings. I do however have some on island home buyers that I am working with so could be a good time for them to pick up some deal in the slower months ahead.
One interesting thing about the Waimea real estate market right now is that there are 29 homes in escrow waiting to close. Of these, only 12 are regular sales – the rest are all short sales or REO’s. So, for many of these it’s a BIG GUESS on how long it will take to close. As you know, I have one that we’ve been ready to close for almost two months now but are waiting on the bank to sign the deed so they can close. I hate to think how many other REO’s in escrow are in the same type of delays waiting to close.

Pat Strausse, R

August 17, 2011

@Katie, I have several buyers on island this month and am very busy showing all around the island but have just a couple coming over so far for September so for me it looks like a fairly typical slow down for visitor showings. I do however have some on island home buyers that I am working with so could be a good time for them to pick up some deal in the slower months ahead.
One interesting thing about the Waimea real estate market right now is that there are 29 homes in escrow waiting to close. Of these, only 12 are regular sales – the rest are all short sales or REO’s. So, for many of these it’s a BIG GUESS on how long it will take to close. As you know, I have one that we’ve been ready to close for almost two months now but are waiting on the bank to sign the deed so they can close. I hate to think how many other REO’s in escrow are in the same type of delays waiting to close.

Pat Strausse, R

August 22, 2011

@ Annie, sorry I thought I had answered you at the same time but see now I missed you! If you have horses, it’s better to live on the wet side as you have the rain for the grass…but you can also pick up some problems with hoofs and coats from too much rain if you’re in an area that’s toooo wet. So, you have to know your area of Waimea and your horse…horses can be just like kids-it’s always something going on with them! Aloha Annie, great question!

Pat Strausse, R

August 22, 2011

@ Annie, sorry I thought I had answered you at the same time but see now I missed you! If you have horses, it’s better to live on the wet side as you have the rain for the grass…but you can also pick up some problems with hoofs and coats from too much rain if you’re in an area that’s toooo wet. So, you have to know your area of Waimea and your horse…horses can be just like kids-it’s always something going on with them! Aloha Annie, great question!

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