The Waikoloa Village Real Estate Update for Q4 is for the charming community located 6 miles inland from the west coast of the Big Island of Hawaii. This lovely community covers over 19 square miles and is a mixture of condominiums and single-family homes. Waikoloa Village offers its residents wonderful amenities such as an 18-hole golf course, a community swimming pool and tennis courts.
Also within Waikoloa Village is the Waikoloa Highlands Shopping Center and the newly opened Waikoloa Plaza which contain many shops and restaurants, including the Waikoloa Village Market, Island Lava Java. and Pueo’s Osteria Italian restaurant. With its proximity to the world-famous resorts and beaches on the Kohala Coast, Waikoloa Village makes an affordable alternative for the savvy buyer looking for their Hawaiian Dream Home.
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At the time of this writing (Feb 7th), Waikoloa Village had 24 single-family homes for sale, with 9 homes in escrow and 10 condos for sale, with 7 units in escrow. Of the homes for sale, the highest priced one is listed at $1,500,000 and is located at 68-1845 Pau Nani St., while the highest priced condo on the market is listed at $629,000 and is Unit #B204 in Waikoloa Villas.
At the other end of the spectrum, the lowest priced single-family home on the market is located at 68-1855 Kaupapa Pl and is listed at $725,000. While the lowest priced condo on the market is listed at $429,000 and is Unit #C205, in Fairway Terrace.
When it comes to sales in the 4th Quarter, the number of condos sold was surprisingly less than the number of single-family homes sold. In this time from October through December 2023 there were 16 homes sold in Waikoloa Village, while 14 condos were sold. Of the homes sold, the highest priced one is located at 68-1924 Lina Poepoe St, and sold for $1,351,350, from a list price of $397,500. While the highest priced condo sold for $665,000, from a list price of $679,000 and is Unit #E203, in Waikoloa Villas.
The lowest priced home to sell during the 4th Quarter is located at 68-1782 Pohakala Pl, that sold for $665,000, from a list price of $700,000 and the condo with the lowest sale price went for $370,000, from a list price of $360,000 and is Unit #AS2 in Waikoloa Village Condos.
Analysis: The Waikoloa Village Real Estate Update for Q4 reveals that the sales volume of both single-family homes and condos are down sharply compared to the first half of 2023. Although inventory levels are still low, the inventory of both condos and single family-family homes has risen moderately over the last few quarters.
If you are looking to buy or sell a home in Waikoloa Village, or anywhere on the Kohala Coast, contact me today. I will help you make your Hawaiian Real Estate dreams come true. Mahalo
Waikoloa Village Real Estate Update for Q4 2023 Highlights
- Number of single-family homes currently for sale – 24
- Number of single-family homes currently in escrow – 9
- Number of condos currently for sale – 10
- Number of condos currently of escrow – 7
- Highest priced home currently for sale – $1,500,000 68-1845 Pau Nani St
- Highest priced condo currently for sale – $629,000 Waikoloa Villas #B204
- Lowest priced home currently for sale – $725,000 68-1855 Kaupapa Pl
- Lowest priced condo currently for sale – $429,000 Fairway Terrace #C205
- Number of single-family homes sold in Q4 (Oct – Dec) – 16
- Number of condos sold in Q4 (Oct – Dec) – 14
- Highest priced home sold in Q4 – $1,351,350 68-1942 Lina Poepoe St
- Highest priced condo sold in Q4 – $665,000 Waikoloa Villas #E203
- Lowest priced home sold in Q4 – $665,000 68-1782 Pohakala Pl
- Lowest priced condo sold in Q4 – $370,000 Waikoloa Village Condos #AS2
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