Waikoloa Beach Resort Winter 2013 Market Update

All signs point to a continuing healthy housing market on the northwest side of the Big Island with positive numbers across the board.  The Kohala Coast market shows that the number of sales of homes is up 10 to 20%, vacant land sales are up 40 to 70% while condo sales are up 5% year to date.

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Waikoloa Beach Resort Anchialine Ponds

Condo sales at the Waikoloa Beach Resort have been very active in the last 6 months with 43 sales and 10 units in escrow. Prices range from $289,000 for a 1 bedroom at the Shores to $2,750,000 for a 3 bedroom Kolea Penthouse.

Kolea

Kolea Beach Club

The only home that sold this year was a 5 bedroom ocean view Kolea home with strong rental income history.  The property sold last June f0r $2,800,000 after 1293 days on the market and 4 price reductions.  Because of low inventory of custom homes, buyers favored vacant land. 4 lots sold so far, 3 of them were generous oceanfront lots in the gated community of Naupaka Place and were sold in the $2 million range.

Pool area Fairway Villas

Fairway Villas on-site infinity pool with poolside gas grills

We currently have several condos listed at the Waikoloa Beach Resort, including a nice 2 bedroom Fairway Villas on the golf course. Unit #G4 is a ground floor unit listed at $445,000 (MLS# 268239). It is sold furnished and rents very well.  We also recently listed a 3 bedroom, 2 bath Hali’i Kai villa which provides unobstructed Pacific ocean and golf course views. Included with this villa is a single car garage and access to the private Ocean Club. This is a great opportunity to own a second home with a well established and popular vacation rental. Unit #9E is listed at $1,175,000 (MLS #267902).

Hali'i Kai Ocean Club

Hali’i Kai Ocean Club

On a very positive note, the Big Island’s visitor numbers are up an average of over 5% for the first 8 months of this year.  May be you will be one of these visitors who decided to come to the island to enjoy the beauty of the winter season. Hope to see you soon!

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